v3.22.4
Fair Value Measurements and Financial Instruments (Tables)
 12 Months Ended
Dec. 31, 2022
Fair Value Disclosures [Abstract]  
Schedule of Fair Value Hierarchy for Financial Assets and Liabilities Measured at Fair Value
The following table summarizes the Company’s financial assets and liabilities measured at fair value on a recurring basis (in millions):

December 31, 2021
Level 1Level 2Level 3Total
Assets
Cash equivalents:
Money market funds$1,923 $— $— $1,923 
Certificates of deposit31 — — 31 
Commercial paper— 164 — 164 
Corporate debt securities— 42 — 42 
1,954 206 — 2,160 
Marketable securities:
Certificates of deposit364 — — 364 
Government bonds(1)
— 1 — 1 
Commercial paper— 993 — 993 
Corporate debt securities— 863 — 863 
Mortgage-backed and asset-backed securities— 34 — 34 
364 1,891 — 2,255 
Funds receivable and amounts held on behalf of customers:
Money market funds466 — — 466 
Prepaids and other current assets:
Foreign exchange derivative assets— 26 — 26 
Other assets, noncurrent:
Corporate debt securities— — 10 10 
Total assets at fair value$2,784 $2,123 $10 $4,917 
Liabilities
Accrued expenses and other current liabilities:
Foreign exchange derivative liabilities$— $10 $— $10 
Total liabilities at fair value$— $10 $— $10 

(1)Includes U.S. government and government agency debt securities
December 31, 2022
Level 1Level 2Level 3Total
Assets
Cash equivalents:
Money market funds$2,326 $— $— $2,326 
Certificates of deposit26 — — 26 
Government bonds(1)
— 32 — 32 
Commercial paper— 327 — 327 
Corporate debt securities— 68 — 68 
2,352 427 — 2,779 
Marketable securities:
Certificates of deposit573 — — 573 
Government bonds(1)
— 83 — 83 
Commercial paper— 574 — 574 
Corporate debt securities— 959 — 959 
Mortgage-backed and asset-backed securities— 34 — 34 
Marketable equity securities1 — — 1 
574 1,650 — 2,224 
Funds receivable and amounts held on behalf of customers:
Money market funds501 — — 501 
Prepaids and other current assets:
Foreign exchange derivative assets— 14 — 14 
Other assets, noncurrent:
Corporate debt securities— — 4 4 
Total assets at fair value$3,427 $2,091 $4 $5,522 
Liabilities
Accrued expenses and other current liabilities:
Foreign exchange derivative liabilities$— $31 $— $31 
Total liabilities at fair value$— $31 $— $31 

(1)Includes U.S. government and government agency debt securities
Schedule of Fair Value Assets Measured on Recurring Basis, Rollforward
The following table presents additional information about investments that are measured at fair value for which the Company has utilized Level 3 inputs to determine fair value (in millions):

December 31,
20212022
Derivative
Warrant
Liability		Other
Assets,
Noncurrent		Other
Assets,
Noncurrent
Balance, beginning of year$985 $11 $10 
Reclassifications to equity(1,277)— — 
Total realized and unrealized gains (losses):
Included in earnings292 — — 
Included in other comprehensive income (loss)— (1)(6)
Balance, end of year$— $10 $4 
Changes in unrealized gains or losses included in other comprehensive income (loss) related to investments held at the reporting date$— $(1)$(6)
Schedule of Fair Value Liabilities Measured on Recurring Basis, Rollforward
The following table presents additional information about investments that are measured at fair value for which the Company has utilized Level 3 inputs to determine fair value (in millions):

December 31,
20212022
Derivative
Warrant
Liability		Other
Assets,
Noncurrent		Other
Assets,
Noncurrent
Balance, beginning of year$985 $11 $10 
Reclassifications to equity(1,277)— — 
Total realized and unrealized gains (losses):
Included in earnings292 — — 
Included in other comprehensive income (loss)— (1)(6)
Balance, end of year$— $10 $4 
Changes in unrealized gains or losses included in other comprehensive income (loss) related to investments held at the reporting date$— $(1)$(6)