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Fair Value Measurements (Tables)
6 Months Ended
Jun. 30, 2017
Fair Value Disclosures [Abstract]  
Fair value, assets measured on a recurring and/or non-recurring basis
The table below segregates all of our financial assets and liabilities 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 June 30, 2017 Using
 
 
 
As of June 30, 2017
 
Quoted Prices in Active Markets for Identical Assets
(Level 1)
 
Significant Other Observable Inputs
(Level 2)
 
Significant Unobservable Inputs
(Level 3)
 
Balance Sheet Classification
Financial Assets:
 
 
 
 
 
 
 
 
 
Recurring fair value measurements:
 

 
 

 
 

 
 

 
 
Money market funds
$
2,925

 
$
2,925

 
$

 
$

 
Cash and cash equivalents
Foreign government treasury bills
47

 
47

 

 

 
Cash and cash equivalents
Total recurring fair value measurements
$
2,972

 
$
2,972

 
$

 
$

 
 
 
 
 
 
 
 
 
 
 
 
Financial liabilities:
 
 
 
 
 
 
 
 
 
Foreign currency forward contracts designated as hedges
$
(9
)
 
$

 
$
(9
)
 
$

 
Accrued expenses and other liabilities
 
 
 
 
Fair Value Measurements at December 31, 2016 Using
 
 
 
As of December 31, 2016
 
Quoted Prices in Active Markets for Identical Assets
(Level 1)
 
Significant Other Observable Inputs
(Level 2)
 
Significant Unobservable Inputs
(Level 3)
 
Balance Sheet Classification
Financial Assets:
 
 
 
 
 
 
 
 
 
Recurring fair value measurements:
 

 
 

 
 

 
 

 
 
Money market funds
$
2,921

 
$
2,921

 
$

 
$

 
Cash and cash equivalents
Foreign government treasury bills
38

 
38

 

 

 
Cash and cash equivalents
Foreign currency forward contracts designated as hedges
22

 

 
22

 

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

 

 

 
9

 
Other assets
Total recurring fair value measurements
$
2,990

 
$
2,959

 
$
22

 
$
9