The following table summarizes the financial assets and (liabilities) measured at fair value on a recurring basis as of June 30, 2026:


(in millions)	Level 1		Level 2		Level 3		Total
Cash equivalents:
Money market funds	$	46	$	—	$	—	$	46
Time deposits	—		330		—		330

Short-term investments:
Time deposits	—		1		—		1
Equity investment security	12		—		—		12


Other current assets:
Foreign exchange forward contracts	—		6		—		6


Other noncurrent assets:
Foreign exchange forward contracts	—		4		—		4
Accrued expenses and other current liabilities:
Foreign exchange forward contracts	—		(90)		—		(90)
Contingent consideration liabilities	—		—		(25)		(25)
Other noncurrent liabilities:
Foreign exchange forward contracts	—		(26)		—		(26)

The following table summarizes the financial assets and (liabilities) measured at fair value on a recurring basis as of December 31, 2025:


(in millions)	Level 1		Level 2		Level 3		Total
Cash equivalents:
Money market funds	$	24	$	—	$	—	$	24
Time deposits	—		183		—		183

Short-term investments:
Time deposits	—		1		—		1
Equity investment security	12		—		—		12


Other current assets:
Foreign exchange forward contracts	—		3		—		3




Accrued expenses and other current liabilities:
Foreign exchange forward contracts	—		(64)		—		(64)

Other noncurrent liabilities:
Foreign exchange forward contracts	—		(22)		—		(22)