Fair Value Measurement of Assets and Liabilities (Tables)

3 Months Ended

Mar. 31, 2017

Schedule of fair value of assets and liabilities measured on a recurring basis

The following tables presents financial assets and liabilities measured at fair value on a recurring basis as of March 31, 2017 and December 31, 2016 (in millions):



	March 31, 2017		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)
Assets:
Cash and cash equivalents	$	1,979	$	1,979	$	—
Short-term investments:
Restricted cash	20		20		—
Corporate debt securities	4,687		—		4,687
Government and agency securities	68		—		68
Total short-term investments	4,775		20		4,755
Derivatives	107		—		107
Long-term investments:
Corporate debt securities	4,421		—		4,421
Total long-term investments	4,421		—		4,421
Total financial assets	$	11,282	$	1,999	$	9,283

Liabilities:
Derivatives	$	33	$	—	$	33



	December 31, 2016		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)
Assets:
Cash and cash equivalents	$	1,816	$	1,816	$	—
Short-term investments:
Restricted cash	19		19		—
Corporate debt securities	5,246		—		5,246
Government and agency securities	68		—		68
Total short-term investments	5,333		19		5,314
Derivatives	154		—		154
Long-term investments:
Corporate debt securities	3,851		—		3,851
Total long-term investments	3,851		—		3,851
Total financial assets	$	11,154	$	1,835	$	9,319

Liabilities:
Derivatives	$	48	$	—	$	48