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FAIR VALUE MEASUREMENTS (Tables)
6 Months Ended
Jun. 30, 2023
Fair Value Disclosures [Abstract]  
Fair Value, Assets Measured on Recurring and Nonrecurring Basis
The following table presents the fair value of the Company’s cash and cash equivalents and short-term investments and their corresponding level within the fair value hierarchy:

December 31, 2022June 30, 2023
LevelAmount
(in millions)
LevelAmount
(in millions)
Cash and cash equivalents:
Cash$2,604 $1,250 
Money market funds17,147 17,096 
Commercial paper1845 2367 
United States Treasury securities1822 1547 
Certificates of deposit1150 2— 
Total$11,568 $9,260 
Short-term investments:
United States Treasury securities$— 1$542 
Time deposits— 2400 
Total$— $942 
Total cash and cash equivalents and short-term investments$11,568 $10,202