v3.25.4
Non-marketable Equity Investments (Tables)
 12 Months Ended
Dec. 31, 2025
Investments, Debt and Equity Securities [Abstract]  
Equity Securities without Readily Determinable Fair Value The following table summarizes our non-marketable equity investments under measurement alternative and equity method (in millions):
December 31,
20252024
Initial cost$20,271 $6,342 
Cumulative upward adjustments429 300 
Cumulative impairment/downward adjustments(624)(624)
Non-marketable equity investments under measurement alternative20,076 6,018 
Non-marketable equity investments under equity method7,448 52 
Total carrying value of non-marketable equity investments$27,524 $6,070