SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

6 Months Ended

Jun. 30, 2022

Accounting Policies [Abstract]

Schedule of Cash and Cash Equivalents

The following table presents the fair value of the Company’s “Cash and cash equivalents” on the Condensed Consolidated Balance Sheets (in millions):

	December 31, 2021		June 30, 2022
Cash	$	5,438	$	2,656
Money market funds	11,827		10,655
Certificates of deposit	450		461
Commercial papers	268		651
United States Treasury securities	150		500
Total cash and cash equivalents	$	18,133	$	14,923

Schedule of Inventory, Current

The following table summarizes the components of “Inventory” on the Condensed Consolidated Balance Sheets (in millions):

	December 31, 2021		June 30, 2022
Raw materials	$	236	$	488
Work in progress	9		60
Finished goods	29		107
Total inventory	$	274	$	655

The Company recorded a $301 million charge to reflect the LCNRV of inventory and losses on firm purchase commitments as of June 30, 2022 in “Cost of revenues” in the Company’s Condensed Consolidated Statements of Operations.