CASH, CASH EQUIVALENTS, AND MARKETABLE SECURITIES (Tables)

12 Months Ended

Dec. 31, 2025

Cash and Cash Equivalents [Abstract]

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis

The following table categorizes the fair values of cash, cash equivalents, and marketable securities on our consolidated balance sheets at December 31 (in millions):


	Fair Value Level	2024		2025
Cash and cash equivalents
United States government	1	$	854	$	70
United States government agencies	2	400		400
Non-United States government and agencies	2	370		1,082
Corporate debt	2	339		780
Total marketable securities classified as cash equivalents		1,963		2,332
Cash, time deposits and money market funds		7,309		6,938
Total cash and cash equivalents		$	9,272	$	9,270

Marketable securities
United States government	1	$	185	$	224
Non-United States government and agencies	2	79		91
Corporate debt	2	252		269
Other marketable securities	2	190		200
Total marketable securities		$	706	$	784

Schedule of Cash, Cash Equivalents and Restricted Cash

Cash, cash equivalents, and restricted cash as reported in our consolidated statements of cash flows are presented separately on our consolidated balance sheets as follows (in millions):


	December 31, 2024		December 31, 2025
Cash and cash equivalents	$	9,272	$	9,270
Restricted cash (a)	88		107
Total cash, cash equivalents, and restricted cash	$	9,360	$	9,377

__________

(a)Restricted cash is included in Other assets on our consolidated balance sheets and is primarily held to meet certain local governmental and regulatory reserve requirements and cash held under the terms of certain contractual agreements. Restricted cash does not include required minimum balances or cash securing debt issued through securitization transactions.