Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2019

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 September 30, 2019 are classified using the fair value hierarchy in the table below:

	Total		Level 1		Level 2
	(In millions)
Assets
Cash equivalents:
Money market funds	$	26	$	26	$	—
Time deposits	1,028		—		1,028
Derivatives:
Foreign currency forward contracts	20		—		20
Investments:
Time deposits	647		—		647
Marketable equity securities	109		109		—
Total assets	$	1,830	$	135	$	1,695

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