Investments (Tables)

3 Months Ended

Mar. 31, 2025

Investments, Debt and Equity Securities [Abstract]

Schedule of Available-For-Sale Investments

The amortized cost, gross unrealized gains, gross unrealized losses and fair values of interest-bearing securities, which are classified as available for sale, by type of security were as follows (in millions):

Types of securities as of March 31, 2025	Amortized cost		Gross unrealized gains		Gross unrealized losses		Fair values
U.S. Treasury bills	$	997	$	—	$	—	$	997
Money market mutual funds	7,182		—		—		7,182
Other short-term interest-bearing securities	123		—		—		123
Total interest-bearing securities	$	8,302	$	—	$	—	$	8,302

Types of securities as of December 31, 2024	Amortized cost		Gross unrealized gains		Gross unrealized losses		Fair values
U.S. Treasury bills	$	997	$	—	$	—	$	997
Money market mutual funds	10,354		—		—		10,354
Other short-term interest-bearing securities	135		—		—		135
Total interest-bearing securities	$	11,486	$	—	$	—	$	11,486

Schedule of Fair Values by Classification

The fair values of interest-bearing securities by location in the Condensed Consolidated Balance Sheets were as follows (in millions):

Condensed Consolidated Balance Sheets locations	March 31, 2025		December 31, 2024
Cash and cash equivalents	$	8,302	$	11,486
Total interest-bearing securities	$	8,302	$	11,486