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Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2022
Fair Value Disclosures [Abstract]  
Schedule of 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 December 31, 2022 are classified using the fair value hierarchy in the table below:
TotalLevel 1Level 2
 (In millions)
Assets
Cash equivalents:
Money market funds$$$— 
Term deposits188 — 188 
Derivatives:
Foreign currency forward contracts15 — 15 
Cross-currency interest rate swaps21 — 21 
Investments:
Term deposits48 — 48 
Equity investments564 49 515 
Total assets$839 $52 $787 
Financial assets measured at fair value on a recurring basis as of December 31, 2021 are classified using the fair value hierarchy in the table below:
TotalLevel 1Level 2Level 3
 (In millions)
Assets
Cash equivalents:
Money market funds$47 $47 $— $— 
Mutual funds23 23 — — 
Term deposits153 — 153 — 
Derivatives:
Foreign currency forward contracts— — 
Investments:
Term deposits200 — 200 — 
Equity investments909 94 — 815 
Total assets$1,335 $164 $356 $815 
Schedule of Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation
The following table reconciles, in millions, the beginning and ending balances of our Level 3 assets. With the May 2022 business combination of GBTG, we reclassified our equity investment from a Level 3 asset to a Level 2 asset.
Balance at December 31, 2021$815 
Upward (downward) adjustment to valuation(335)
Reclassification to Level 2(480)
Balance at December 31, 2022$—