Quarterly report pursuant to Section 13 or 15(d)

Cash, Cash Equivalents and Short-Term Investments (Tables)

v3.23.3
Cash, Cash Equivalents and Short-Term Investments (Tables)
 9 Months Ended
Sep. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Cash, Cash Equivalents and Restricted Cash
Cash, cash equivalents and restricted cash were as follows (in millions):
As of
September 30,
2023		 December 31,
2022
Cash and cash equivalents $ 953  $ 262 
Restricted cash, long-term (a)
18  15 
Total cash, cash equivalents and restricted cash
 $ 971  $ 277 
(a) Included in other assets on the consolidated balance sheets
Schedule of Cash, Cash Equivalents and Restricted Cash
Cash, cash equivalents and restricted cash were as follows (in millions):
As of
September 30,
2023		 December 31,
2022
Cash and cash equivalents $ 953  $ 262 
Restricted cash, long-term (a)
18  15 
Total cash, cash equivalents and restricted cash
 $ 971  $ 277 
(a) Included in other assets on the consolidated balance sheets
Schedule of Fair Value, Assets Measured on Recurring Basis
The components of cash, cash equivalents and short-term investments measured at fair value on a recurring basis were as follows (in millions):
As of
Fair value level September 30,
2023		 December 31,
2022
Cash and cash equivalents:
Bank deposits Level 1 $ —  $ 1 
Money market funds
 Level 1 868  204 
U.S. Treasury securities
 Level 2 85  57 
Total cash and cash equivalents
 $ 953  $ 262 
Short-term investments:
U.S. Treasury securities
 Level 2 $ 518  $ 839 
Total short-term investments $ 518  $ 839 
Schedule of U.S Treasury Securities , Amortized Costs and Fair Value
The amortized cost, unrealized gains and losses, and fair value of available-for-sale debt securities were as follows (in millions):
As of September 30, 2023
Amortized cost Unrealized losses Fair value
U.S. Treasury securities $ 518  $ —  $ 518 
As of December 31, 2022
Amortized cost Unrealized losses Fair value
U.S. Treasury securities $ 841  $ (2) $ 839