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Financial Instruments (Tables)
3 Months Ended
Mar. 31, 2018
Investments All Other Investments [Abstract]  
Schedule of Cash, Cash Equivalents, Restricted Cash and Marketable Securities

The following tables show our cash, cash equivalents, restricted cash and short-term and long-term available-for-sale marketable debt securities, by major security type, that are measured at fair value on a recurring basis and were categorized using the fair value hierarchy, as well as their classification on our unaudited condensed consolidated balance sheets, as of the periods presented (in millions):

 

 

 

March 31, 2018

 

 

 

Amortized Cost

 

 

Unrealized Gains

 

 

Unrealized Losses

 

 

Fair Value

 

 

Cash, Cash Equivalents and Restricted Cash

 

 

Short-Term Marketable Securities

 

 

Long-Term Marketable Securities

 

Cash and restricted cash (1)

 

$

340

 

 

$

 

 

$

 

 

$

340

 

 

$

340

 

 

$

 

 

$

 

Level 1:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds

 

 

295

 

 

 

 

 

 

 

 

 

295

 

 

 

295

 

 

 

 

 

 

 

Level 2:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S. agency securities

 

 

4

 

 

 

 

 

 

 

 

 

4

 

 

 

 

 

 

4

 

 

 

 

Certificates of deposit

 

 

2

 

 

 

 

 

 

 

 

 

2

 

 

 

 

 

 

2

 

 

 

 

Corporate debt securities

 

 

14

 

 

 

 

 

 

 

 

 

14

 

 

 

 

 

 

9

 

 

 

5

 

Subtotal

 

 

20

 

 

 

 

 

 

 

 

 

20

 

 

 

 

 

 

15

 

 

 

5

 

Total

 

$

655

 

 

 

 

 

 

 

 

$

655

 

 

$

635

 

 

$

15

 

 

$

5

 

 

 

 

December 31, 2017

 

 

 

Amortized Cost

 

 

Unrealized Gains

 

 

Unrealized Losses

 

 

Fair Value

 

 

Cash, Cash Equivalents and Restricted Cash

 

 

Short-Term Marketable Securities

 

 

Long-Term Marketable Securities

 

Cash and restricted cash (1)

 

$

663

 

 

$

 

 

$

 

 

$

663

 

 

$

663

 

 

$

 

 

$

 

Level 1:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds

 

 

1

 

 

 

 

 

 

 

 

 

1

 

 

 

1

 

 

 

 

 

 

 

Level 2:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S. agency securities

 

 

11

 

 

 

 

 

 

 

 

 

11

 

 

 

 

 

 

6

 

 

 

5

 

U.S. treasury securities

 

 

1

 

 

 

 

 

 

 

 

 

1

 

 

 

 

 

 

1

 

 

 

 

Certificates of deposit

 

 

2

 

 

 

 

 

 

 

 

 

2

 

 

 

 

 

 

2

 

 

 

 

Commercial paper

 

 

11

 

 

 

 

 

 

 

 

 

11

 

 

 

9

 

 

 

2

 

 

 

 

Corporate debt securities

 

 

46

 

 

 

 

 

 

 

 

 

46

 

 

 

 

 

 

24

 

 

 

22

 

Subtotal

 

 

71

 

 

 

 

 

 

 

 

 

71

 

 

 

9

 

 

 

35

 

 

 

27

 

Total

 

$

735

 

 

 

 

 

 

 

 

$

735

 

 

$

673

 

 

 

35

 

 

 

27

 

(1)

As of March 31, 2018 and December 31, 2017, our restricted cash which primarily consists of escrowed security deposits, was not material and is included in other long-term assets on our unaudited condensed consolidated balance sheets.