Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2025

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 March 31, 2025 are classified using the fair value hierarchy in the table below:

	Total		Level 1		Level 2
	(In millions)
Assets
Cash equivalents:
Money market funds	$	133	$	133	$	—
Term deposits and certificates of deposit	156		—		156
Corporate debt securities	15		—		15
Commercial paper	21		—		21
Derivatives:
Foreign currency forward contracts	27		—		27
Cross-currency interest rate swaps	11		—		11
Investments:
Equity investments	739		739		—
Corporate debt securities	513		—		513
U.S. treasury securities	62		—		62
Asset-backed securities	115		—		115
Term deposits and certificates of deposit	5		—		5
U.S. agency securities	20		—		20
Total assets	$	1,817	$	872	$	945

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:

	Total		Level 1		Level 2
	(In millions)
Assets
Cash equivalents:
Money market funds	$	113	$	113	$	—
Term deposits and certificates of deposit	163		—		163
Commercial paper	2		—		2
Derivatives:
Cross-currency interest rate swaps	25		—		25
Investments:
Equity investments	895		895		—
Corporate debt securities	354		—		354
U.S. treasury securities	70		—		70
Asset-backed securities	62		—		62
Term deposits and certificates of deposit	3		—		3
U.S. agency securities	8		—		8
Non-U.S. government securities	3		—		$	3
Commercial paper	2		—		$	2
Total assets	$	1,700	$	1,008	$	692
Liabilities
Derivatives:
Foreign currency forward contracts	$	2	$	—	$	2