Cash, Cash Equivalents and Marketable Securities (Tables)

3 Months Ended

Mar. 31, 2025

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 March 31, 2025	Amortized Cost		Unrealized Gain		Unrealized Loss		Fair Value
Money market funds	$	149	$	—	$	—	$	149
U.S. treasury securities	231		—		—		231
Corporate securities and commercial paper	586		—		—		586
U.S. government agency securities	5		—		—		5
Certificate of deposit	34		—		—		34
Total cash, cash equivalents and marketable securities	$	1,005	$	—	$	—	$	1,005

Types of securities as of December 31, 2024	Amortized Cost		Unrealized Gain		Unrealized Loss		Fair Value
Money market funds	$	120	$	—	$	—	$	120
U.S. treasury securities	251		—		—		251
Corporate securities and commercial paper	592		—		—		592
U.S. government agency securities	5		—		—		5
Certificate of deposit	24		—		—		24
Total cash, cash equivalents and marketable securities	$	992	$	—	$	—	$	992

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	March 31, 2025		December 31, 2024
Cash and cash equivalents	—	$	192	$	150
Marketable securities	Within one year	805		828
Long-term marketable securities	Between one and three years	8		14
Total cash, cash equivalents and marketable securities		$	1,005	$	992

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):

	As of March 31,
	2025		2024
Cash and cash equivalents	$	192	$	185
Restricted cash (included in Other noncurrent assets)	3		3
Total cash, cash equivalents and restricted cash	$	195	$	188

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):

	As of March 31,
	2025		2024
Cash and cash equivalents	$	192	$	185
Restricted cash (included in Other noncurrent assets)	3		3
Total cash, cash equivalents and restricted cash	$	195	$	188