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Fair Value Measurements (Tables)
 12 Months Ended
Dec. 31, 2019
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, 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
$
36

 
$
36

 
$
—

Term deposits
865

 
—

 
865

U.S. treasury securities
10

 
10

 
—

Investments:
 
 
 
 
 
Term deposits
526

 
—

 
526

       Marketable equity securities
129

 
129

 
—

Total assets
$
1,566

 
$
175

 
$
1,391

 
 
 
 
 
 
Liabilities
 
 
 
 
 
Derivatives:
 
 
 
 
 
       Foreign currency forward contracts
$
8

 
$
—

 
$
8


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

 
$
—

Term deposits
624

 
—

 
624

Derivatives:
 
 
 
 
 
Foreign currency forward contracts
22

 
—

 
22

Investments:
 
 
 
 
 
Term deposits
28

 
—

 
28

Marketable equity securities
119

 
119

 
—

Total assets
$
828

 
$
154

 
$
674