Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 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 June 30, 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	$	218	$	218	$	—
Term deposits and certificates of deposit	183		—		183
Commercial paper	46		—		46
Derivatives:
Foreign currency forward contracts	38		—		38
Investments:
Equity investments	487		487		—
Corporate debt securities	478		—		478
U.S. treasury securities	47		—		47
Asset-backed securities	121		—		121
Term deposits and certificates of deposit	5		—		5
U.S. agency securities	22		—		22
Commercial paper	6		—		6
Total assets measured at fair value on a recurring basis	$	1,651	$	705	$	946
Liabilities
Derivatives:
Cross-currency interest rate swaps	$	15	$	—	$	15

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 measured at fair value on a recurring basis	$	1,700	$	1,008	$	692
Liabilities
Derivatives:
Foreign currency forward contracts	$	2	$	—	$	2