The following table presents our fair value hierarchy for our assets measured at fair value on a recurring basis as of June 30, 2024 (in millions):


	Level 1		Level 2		Total
Cash equivalents:
Money market funds	$	1,114	$	—	$	1,114
Commercial paper	—		127		127
Corporate notes and bonds	—		1		1

Deposits	333		—		333
U.S. government and agency securities	—		159		159
Marketable securities:
Commercial paper	—		394		394
Corporate notes and bonds	—		4,051		4,051
Certificates of deposit	—		70		70
U.S. government and agency securities	—		2,129		2,129
Mortgage-backed and asset-backed securities	—		82		82



Total	$	1,447	$	7,013	$	8,460

The following table presents our fair value hierarchy for our assets measured at fair value on a recurring basis as of December 31, 2023 (in millions):


	Level 1		Level 2		Total
Cash equivalents:
Money market funds	$	1,215	$	—	$	1,215
Commercial paper	—		79		79
Corporate notes and bonds	—		2		2

Deposits	295		—		295
U.S. government and agency securities	—		4		4
Marketable securities:
Commercial paper	—		349		349
Corporate notes and bonds	—		3,576		3,576
Certificates of deposit	—		94		94
U.S. government and agency securities	—		2,078		2,078
Mortgage-backed and asset-backed securities	—		86		86

Total	$	1,510	$	6,268	$	7,778