Fair Value Measurements (Tables)

9 Months Ended

Sep. 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 September 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	$	196	$	196	$	—
Term deposits and certificates of deposit	161		—		161
U.S. agency securities	7				7
Commercial paper	58		—		58
Investments:
Equity investments	620		620		—
Corporate debt securities	409		—		409
U.S. treasury securities	32		—		32
Asset-backed securities	125		—		125
Term deposits and certificates of deposit	29		—		29
U.S. agency securities	17		—		17
Commercial paper	8		—		8
Total assets measured at fair value on a recurring basis	$	1,662	$	816	$	846
Liabilities
Derivatives:
Foreign currency forward contracts	$	22	$	—	$	22
Cross-currency interest rate swaps	12		—		12
Total liabilities measured at fair value on a recurring basis	$	34	$	—	$	34

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