FAIR VALUE MEASUREMENTS (Tables)

12 Months Ended

Dec. 31, 2024

Fair Value Disclosures [Abstract]

Schedule of Fair Value of Cash and Cash Equivalents and Short-Term Investments

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, 2023			December 31, 2024
	Level	Amount (in millions)		Level	Amount (in millions)
Cash and cash equivalents:
Cash		$	1,245		$	1,157
Money market funds	1	6,070		1	3,868
Commercial paper	2	517		2	184
United States Treasury securities	1	25		1	60
Other items1	—	—		2	25
Total cash and cash equivalents		$	7,857		$	5,294
Short-term investments:
United States Treasury securities	1	$	1,061	1	$	993
Term deposits	2	450		2	475
Commercial paper	—	—		2	378
Corporate bonds	—	—		2	374
Certificates of deposit	—	—		2	141
Other items2	—	—		2	45
Total short-term investments3		$	1,511		$	2,406
Total cash and cash equivalents and short-term investments		$	9,368		$	7,700
1 Includes certificates of deposit, corporate bonds, and yankee bonds.
2 Includes yankee bonds and agency discount notes.
3 As of December 31, 2024, $289 million is due between 12 and 18 months.