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Fair Value Measurements (Tables)
6 Months Ended
Jun. 30, 2018
Fair Value Disclosures [Abstract]  
Financial Assets and Liabilities Measured at Fair Value on Recurring Basis
Financial assets and liabilities measured at fair value on a recurring basis as of June 30, 2018 are classified using the fair value hierarchy in the table below:
 
Total
 
Level 1
 
Level 2
 
(In millions)
Assets
 
 
 
 
 
Cash equivalents:
 
 
 
 
 
Money market funds
$
38

 
$
38

 
$

Time deposits
837

 

 
837

Derivatives:
 
 
 
 
 
Foreign currency forward contracts
38

 

 
38

Investments:
 
 
 
 
 
Time deposits
1,491

 

 
1,491

Marketable equity securities
201

 
201

 

Total assets
$
2,605

 
$
239

 
$
2,366

Financial assets measured at fair value on a recurring basis as of December 31, 2017 are classified using the fair value hierarchy in the table below:
 
Total
 
Level 1
 
Level 2
 
(In millions)
Assets
 
 
 
 
 
Cash equivalents:
 
 
 
 
 
Money market funds
$
16

 
$
16

 
$

Time deposits
552

 

 
552

Derivatives:
 
 
 
 
 
Foreign currency forward contracts
6

 

 
6

Investments:
 
 
 
 
 
Time deposits
469

 

 
469

Marketable equity securities
263

 
263

 

Total assets
$
1,306

 
$
279

 
$
1,027