FAIR VALUE MEASUREMENTS (Tables)

12 Months Ended

Dec. 31, 2025

Fair Value Disclosures [Abstract]

Schedule of Fair Value of Cash and Cash Equivalents and Short-Term Investments

The following table presents the fair value of the Company’s cash and cash equivalents and short-term investments and their corresponding level within the fair value hierarchy:


			December 31, 2024												December 31, 2025
			Level						Amount (in millions)						Level						Amount (in millions)
Cash and cash equivalents:
Cash									$	1,157											$	1,370
Commercial paper			2						184						2						42
Money market funds			1						3,868						1						2,142
Term deposits			2						—						2						25
United States Treasury securities			1						60						1						—



Other items1			2						25						2						—
Total cash and cash equivalents									$	5,294											$	3,579

Short-term investments:
Certificates of deposit			2						$	141					2						$	223
Commercial paper			2						378						2						437
Corporate bonds			2						374						2						464
Term deposits			2						475						2						600
United States Treasury securities			1						993						1						735


Other items2			2						45						2						44
Total short-term investments3									$	2,406											$	2,503

Total cash and cash equivalents and short-term investments									$	7,700											$	6,082

1 Includes certificates of deposit, corporate bonds, and Yankee bonds.
2 Includes Yankee bonds and agency discount notes.
3 As of December 31, 2024 and 2025, $289 million and $257 million is due between 12 and 24 months, respectively.