Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2024

Fair Value Disclosures [Abstract]

Schedule of Financial Assets and Liabilities Measured at Fair Value on a Recurring Basis

The fair value of certain financial assets and liabilities as of September 30, 2024 and December 31, 2023 were as follows (in millions):

	September 30, 2024								December 31, 2023
	Fair Value		Fair Value Measurement Using						Fair Value		Fair Value Measurement Using
			Level 1		Level 2		Level 3				Level 1		Level 2		Level 3
Assets:
Money market funds (1)	$	1,634	$	1,634	$	—	$	—	$	1,364	$	1,364	$	—	$	—
Time deposits (2)	1,269		818		451		—		240		240		—		—
Loan receivable (3)	224		—		—		224		—		—		—		—
Derivative instruments (4)	303		—		303		—		257		—		257		—
Total	$	3,430	$	2,452	$	754	$	224	$	1,861	$	1,604	$	257	$	—
Liabilities:
Derivative instruments (4)	$	124	$	—	$	124	$	—	$	101	$	—	$	101	$	—
Mortgage and loans payable (5)	700		—		700		—		684		—		684		—
Senior notes (5)	13,530		13,045		485		—		11,740		11,166		574		—
Total	$	14,354	$	13,045	$	1,309	$	—	$	12,525	$	11,166	$	1,359	$	—

(1)Instruments are included within cash and cash equivalents in the condensed consolidated balance sheets, and are measured at fair value.

(2)Instruments are included within cash and cash equivalents and short-term investments in the condensed consolidated balance sheets, and are measured at amortized cost.

(3)Instruments are included within other assets in the condensed consolidated balance sheets, and are measured at amortized cost. Refer to Note 5.

(4)Instruments are included within other current assets, other assets, other current liabilities and other liabilities in the condensed consolidated balance sheets, and are measured at fair value. Refer to Note 6.

(5)Include current and non-current portions and are measured at amortized cost. Refer to Note 9.