Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2025

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 were as follows (in millions):

	March 31, 2025								December 31, 2024
	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)	$	2,160	$	2,160	$	—	$	—	$	2,401	$	2,401	$	—	$	—
Time deposits (2)	785		62		723		—		642		115		527		—
Loan receivable (3)	279		—		—		279		280		—		—		280
Derivative instruments (4)	347		—		347		—		591		—		591		—
Total	$	3,571	$	2,222	$	1,070	$	279	$	3,914	$	2,516	$	1,118	$	280
Liabilities:
Derivative instruments (4)	$	79	$	—	$	79	$	—	$	72	$	—	$	72	$	—
Mortgage and loans payable (5)	671		—		671		—		654		—		654		—
Senior notes (5)	13,815		13,327		488		—		13,342		12,851		491		—
Total	$	14,565	$	13,327	$	1,238	$	—	$	14,068	$	12,851	$	1,217	$	—

(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.