Cash, Cash Equivalents and Marketable Securities (Tables)

9 Months Ended

Sep. 30, 2023

Cash, Cash Equivalents and Marketable Securities [Abstract]

Schedule of Amortized Cost, Gross Unrealized Gains and Losses and Fair Value of Our Cash, Cash Equivalents and Marketable Securities Considered as Available for Sale by Type of Securities

The following table summarizes the amortized cost, gross unrealized gains and losses and the fair value of our cash, cash equivalents and marketable securities, all of which are considered available for sale, by type of securities (in millions):

Types of securities as of September 30, 2023	Amortized Cost		Unrealized Gain		Unrealized Loss		Fair Value
Money market funds	$	110	$	—	$	—	$	110
U.S. treasury securities	246		—		(1)		245
Corporate securities and commercial paper	493		—		(2)		491
U.S. government agency securities	96		—		—		96
Certificate of deposit	8		—		—		8
Total cash, cash equivalents and marketable securities	$	953	$	—	$	(3)	$	950

Types of securities as of December 31, 2022	Amortized Cost		Unrealized Gain		Unrealized Loss		Fair Value
Money market funds	$	169	$	—	$	—	$	169
U.S. treasury securities	317		—		(3)		314
Corporate securities and commercial paper	635		—		(4)		631
U.S. government agency securities	20		—		—		20
Certificate of deposit	4		—		—		4
Total cash, cash equivalents and marketable securities	$	1,145	$	—	$	(7)	$	1,138

Schedule of Fair Values of Our Cash, Cash Equivalents and Marketable Securities by Location in Condensed Consolidated Balance Sheets and Contractual Maturity

The following table summarizes the fair values of our cash, cash equivalents and marketable securities by location in the Condensed Consolidated Balance Sheets and contractual maturity (in millions):

Location in Condensed Consolidated Balance Sheets	Contractual Maturity	September 30, 2023		December 31, 2022
Cash and cash equivalents	-	$	184	$	206
Marketable securities	Within one year	615		803
Long-term marketable securities	Between one and three years	151		129
Total cash, cash equivalents and marketable securities		$	950	$	1,138

Reconciliation of Cash, Cash Equivalents and Restricted Cash

The following table provides a reconciliation of cash, cash equivalents, and restricted cash within the Condensed Consolidated Balance Sheets to the total shown in the Condensed Consolidated Statements of Cash Flows (in millions):

	September 30,
	2023		2022
Cash and cash equivalents	$	184	$	218
Restricted cash (included in Other noncurrent assets)	3		3
Total cash, cash equivalents and restricted cash	$	187	$	221

Schedule of Cash and Cash Equivalents

The following table provides a reconciliation of cash, cash equivalents, and restricted cash within the Condensed Consolidated Balance Sheets to the total shown in the Condensed Consolidated Statements of Cash Flows (in millions):

	September 30,
	2023		2022
Cash and cash equivalents	$	184	$	218
Restricted cash (included in Other noncurrent assets)	3		3
Total cash, cash equivalents and restricted cash	$	187	$	221