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Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2024
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, 2024 are classified using the fair value hierarchy in the table below:
TotalLevel 1Level 2
 (In millions)
Assets
Cash equivalents:
Money market funds$113 $113 $— 
Term deposits and certificates of deposit163 — 163 
Commercial paper— 
Derivatives:
Cross-currency interest rate swaps25 — 25 
Investments:
Equity investments895 895 — 
Corporate debt securities354 — 354 
U.S. treasury securities70 — 70 
Asset-backed securities62 — 62 
Term deposits and certificates of deposit— 
U.S. agency securities— 
Non-U.S. government securities— 
Commercial paper— 
Total assets$1,700 $1,008 $692 
Liabilities
Derivatives:
Foreign currency forward contracts$$— $

Financial assets measured at fair value on a recurring basis as of December 31, 2023 are classified using the fair value hierarchy in the table below:
TotalLevel 1Level 2
 (In millions)
Assets
Cash equivalents:
Money market funds$168 $168 $— 
Term deposits71 — 71 
Derivatives:
Cross-currency interest rate swaps— 
Investments:
Term deposits28 — 28 
Equity investments584 584 — 
Total assets$859 $752 $107 
Liabilities
Derivatives:
Foreign currency forward contracts$$— $