The following table presents our fair value hierarchy for our assets measured at fair value on a recurring basis as of December 31, 2024 (in millions):


	Level 1		Level 2		Total
Cash equivalents:
Money market funds	$	1,357	$	—	$	1,357
Commercial paper	—		23		23
Corporate notes and bonds	—		4		4

Deposits	391		—		391
U.S. government and agency securities	—		14		14
Marketable securities:
Commercial paper	—		336		336
Corporate notes and bonds	—		4,976		4,976
Certificates of deposit	—		67		67
U.S. government and agency securities	—		2,104		2,104
Mortgage-backed and asset-backed securities	—		86		86

Total	$	1,748	$	7,610	$	9,358

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