v3.25.4
Financial Instruments (Tables)
 12 Months Ended
Dec. 31, 2025
Fair Value Disclosures [Abstract]  
Schedule of Fair Value Information, Assets
The following table summarizes certain fair value information at December 31, 2025 and 2024 for investment assets measured at fair value on a recurring basis, as well as the carrying amount and amortized cost of certain other investments:
   Fair Value Measurements Using 
Carrying
Amount		CostQuoted Prices in Active Markets for Identical Assets
(Level 1)		Significant
Other
Observable
Inputs
(Level 2)		Significant
Unobservable
Inputs
(Level 3)		Fair
Value
December 31, 2025
Cash equivalents(1)
$4,392 $4,392 $4,392 $— $— $4,392 
Short-term investments:
Available-for-sale debt securities(2)
$16$16$9$7$—$16
Other securities8989—127889
Short-term investments$105 
Noncurrent investments:
Available-for-sale debt securities(2)
$360 $368 $69 $291 $— $360 
Other securities85 54 — 2 83 85 
Marketable equity securities223 292 223 — — 223 
Equity investments without readily determinable fair values(3)
846 
Equity method investments(3)
1,288 
Noncurrent investments$2,802 
December 31, 2024
Cash equivalents(1)
$1,507 $1,507 $1,494 $13 $— $1,507 
Short-term investments:
Available-for-sale debt securities(2)
$95 $95 $29 $66 $— $95 
Other securities60 60 — 17 43 60 
Short-term investments$155 
Noncurrent investments:
Available-for-sale debt securities(2)
$573 $616 $140 $433 $— $573 
Other securities150 103 — 6 144 150 
Marketable equity securities486 495 486 — — 486 
Equity investments without readily determinable fair values(3)
864 
Equity method investments(3)
1,143 
Noncurrent investments$3,216 
(1) We consider all highly liquid investments with a maturity of three months or less from the date of purchase to be cash equivalents. The cost of these investments approximates fair value.
(2) For available-for-sale debt securities, amounts disclosed represent the securities' amortized cost.
(3) Fair value disclosures are not applicable for equity method investments and investments accounted for under the measurement alternative for equity investments.
Schedule of Fair Value Information, Liabilities
The following table summarizes the carrying amount and fair value using Level 2 inputs for our short-term and long-term debt as of December 31:
20252024
Carrying
Amount		Fair ValueCarrying
Amount		Fair Value
Short-term commercial paper borrowings$— $— $4,338 $4,319 
Long-term debt, including current portion42,503 39,799 29,307 26,249 
Schedule of Significant Foreign Currency Contracts Below summarizes the aggregate outstanding notional amounts of our foreign currency forward contracts in U.S. dollar equivalent as of December 31:
20252024
PurchaseSellPurchaseSell
Designated as accounting hedges$67 $— $8,909 $— 
Not designated as accounting hedges14,281 9,264 8,755 8,848 
Schedule of Effects of Significant Risk-Management Programs
The following table summarizes the effects of significant risk-management programs:
202520242023
Recognized in other–net, (income) expense:
Foreign currency forward contracts not designated as accounting hedges$489 $288 $26 
Recognized in other comprehensive income (loss):
Foreign currency-denominated notes:
Designated as accounting hedges(690)338 (220)
Foreign currency forward contracts:
Designated as accounting hedges(643)343 (107)
Schedule of Fair Value, by Balance Sheet Grouping
The following table summarizes the fair value of assets and liabilities on a gross basis for significant risk-management programs using Level 2 inputs as of December 31:
20252024
Foreign currency forward contracts:
Designated as accounting hedges:
Other receivables$— $297 
Not designated as accounting hedges:
Other receivables39 40 
Other current liabilities(329)(93)