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Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2018
Fair Value Disclosures [Abstract]  
Financial Assets and Liabilities Measured at Fair Value on Recurring Basis
Financial assets measured at fair value on a recurring basis as of December 31, 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
$
35

 
$
35

 
$

Time deposits
624

 

 
624

Derivatives:
 
 
 
 
 
Foreign currency forward contracts
22

 

 
22

Investments:
 
 
 
 
 
Time deposits
28

 

 
28

       Marketable equity securities
119

 
119

 

Total assets
$
828

 
$
154

 
$
674


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
264

 
264

 

Total assets
$
1,307

 
$
280

 
$
1,027