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FAIR VALUE MEASUREMENTS (Tables)
12 Months Ended
Dec. 31, 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, 2022December 31, 2023
LevelAmount
(in millions)
LevelAmount
(in millions)
Cash and cash equivalents:
Cash$2,604 $1,245 
Money market funds17,147 16,070 
Commercial paper1845 2517 
United States Treasury securities1822 125 
Certificates of deposit1150 — 
Total cash and cash equivalents$11,568 $7,857 
Short-term investments:
United States Treasury securities$— 1$1,061 
Term deposits— 2450 
Total short-term investments$— $1,511 
Total cash and cash equivalents and short-term investments$11,568 $9,368