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Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2015
Fair Value Disclosures [Abstract]  
Fair value, assets measured on a recurring and/or non-recurring basis
The table below segregates all financial assets that are measured at fair value on a recurring basis into the most appropriate level within the fair value hierarchy based on the inputs used to determine the fair value at the measurement date (amounts in millions):
 
 
 
Fair Value Measurements at
December 31, 2015 Using
 
 
 
As of December 31, 2015
 
Quoted
Prices in
Active
Markets for
Identical
Assets
 
Significant
Other
Observable
Inputs
 
Significant
Unobservable
Inputs
 
Balance Sheet
Classification
 
 
(Level 1)
 
(Level 2)
 
(Level 3)
 
Financial Assets:
 

 
 

 
 

 
 

 
 
Recurring fair value measurements:
 

 
 

 
 

 
 

 
 
Money market funds
$
1,613

 
$
1,613

 
$

 
$

 
Cash and cash equivalents
Foreign government treasury bills
34

 
34

 

 

 
Cash and cash equivalents
Foreign currency forward contracts not designated as hedges
11

 

 
11

 

 
Other current assets
Auction rate securities ("ARS")
9

 

 

 
9

 
Long-term investments
Total recurring fair value measurements
$
1,667

 
$
1,647

 
$
11

 
$
9

 
 
 
 
 
 
 
 
 
 
 
 
Financial Liabilities:
 
 
 
 
 
 
 
 
 
Foreign currency forward contracts designated as hedges
$
(4
)
 
$

 
$
(4
)
 
$

 
Accrued expenses and other liabilities

 
 
 
Fair Value Measurements at
December 31, 2014 Using
 
 
 
As of December 31, 2014
 
Quoted
Prices in
Active
Markets for
Identical
Assets
 
Significant
Other
Observable
Inputs
 
Significant
Unobservable
Inputs
 
Balance Sheet
Classification
 
(Level 1)
 
(Level 2)
 
(Level 3)
 
Financial Assets:
 
 
 
 
 
 
 
 
 
Recurring fair value measurements:
 

 
 

 
 

 
 

 
 
Money market funds
$
4,475

 
$
4,475

 
$

 
$

 
Cash and cash equivalents
Foreign government treasury bills
40

 
40

 

 

 
Cash and cash equivalents
ARS
9

 

 

 
9

 
Long-term investments
Total recurring fair value measurements
$
4,524

 
$
4,515

 
$

 
$
9