v3.26.1
Fair Value Measurements (Tables)
 6 Months Ended
Jun. 30, 2026
Fair Value Disclosures [Abstract]  
Schedule of Financial Assets and Liabilities Measured at Fair Value on Recurring Basis
Financial assets and liabilities measured at fair value on a recurring basis as of June 30, 2026 are classified using the fair value hierarchy in the table below:
TotalLevel 1Level 2
(In millions)
Assets
Cash equivalents:
Money market funds$166 $166 $— 
Term deposits and certificates of deposit 196 — 196 
Commercial paper57 — 57 
Derivatives:
Foreign currency forward contracts11 — 11 
Investments:
Equity investments702 702 — 
Corporate debt securities810 — 810 
U.S. treasury securities15 — 15 
Asset-backed securities131 — 131 
Term deposits and certificates of deposit 50 — 50 
U.S. agency securities 16 — 16 
Total assets measured at fair value on a recurring basis $2,154 $868 $1,286 
Liabilities
Derivatives:
Cross-currency interest rate swaps$5 $— $5 
Financial assets and liabilities measured at fair value on a recurring basis as of December 31, 2025 are classified using the fair value hierarchy in the table below:
TotalLevel 1Level 2
(In millions)
Assets
Cash equivalents:
Money market funds$181 $181 $— 
Term deposits and certificates of deposit160 — 160 
Corporate debt securities2 — 2 
Commercial paper44 — 44 
Investments:
Equity investments577 577 — 
Corporate debt securities404 — 404 
U.S. treasury securities20 — 20 
Asset-backed securities121 — 121 
Term deposits and certificates of deposit17 — 17 
U.S. agency securities36 — 36 
Commercial paper2 — 2 
Total assets measured at fair value on a recurring basis $1,564 $758 $806 
Liabilities
Derivatives:
Foreign currency forward contracts$13 $— $13 
Cross-currency interest rate swaps11 — 11 
Embedded derivative liability126 — 126 
Total liabilities measured at fair value on a recurring basis$150 $— $150