v3.25.1
Investments (Tables)
3 Months Ended
Mar. 31, 2025
Debt Securities, Available-for-Sale [Abstract]  
Schedule of Marketable Debt Securities
The following is a summary of our available-for-sale debt securities recorded within short-term and long-term investments on the condensed consolidated balance sheets (in millions):
 March 31, 2025
 Amortized
Cost
Gross
Unrealized
Gains
Gross
Unrealized
Losses
Estimated
Fair Value
Available-for-sale debt securities:
Commercial paper$254 $— $— $254 
Corporate notes and bonds5,265 24 (1)5,288 
Certificates of deposit48 — — 48 
U.S. government and agency securities1,882 (1)1,886 
Mortgage-backed and asset-backed securities103 — (16)87 
Total available-for-sale debt securities$7,552 $29 $(18)$7,563 
December 31, 2024
Amortized
Cost
Gross
Unrealized
Gains
Gross
Unrealized
Losses
Estimated
Fair Value
Available-for-sale debt securities:
Commercial paper$336 $— $— $336 
Corporate notes and bonds4,966 15 (5)4,976 
Certificates of deposit67 — — 67 
U.S. government and agency securities2,103 (2)2,104 
Mortgage-backed and asset-backed securities104 — (18)86 
Total available-for-sale debt securities$7,576 $18 $(25)$7,569 
Schedule of Investments Classified by Contractual Maturity Date The fair values of available-for-sale debt securities, by remaining contractual maturity, are as follows (in millions):
March 31, 2025
Due within 1 year$3,228 
Due in 1 year through 5 years4,248 
Instruments not due in single maturity87 
Total$7,563