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FAIR VALUE MEASUREMENTS (Tables)
6 Months Ended
Jun. 30, 2024
Fair Value Disclosures [Abstract]  
Schedule of 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, 2023June 30, 2024
LevelAmount
(in millions)
LevelAmount
(in millions)
Cash and cash equivalents:
Cash$1,245 $941 
Money market funds16,070 14,723 
Commercial paper2517 299 
United States Treasury securities125 1— 
Total$7,857 $5,763 
Short-term investments:
Commercial paper$— 2$394 
United States Treasury securities11,061 11,085 
Term deposits2450 2625 
Total$1,511 $2,104 
Total cash and cash equivalents and short-term investments$9,368 $7,867