Fair Value Measurement of Assets and Liabilities (Tables)

6 Months Ended

Jun. 30, 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 June 30, 2017 and December 31, 2016 (in millions):



	June 30, 2017		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)
Assets:
Cash and cash equivalents	$	2,636	$	2,636	$	—
Short-term investments:
Restricted cash	21		21		—
Corporate debt securities	6,292		—		6,292
Government and agency securities	68		—		68
Total short-term investments	6,381		21		6,360
Derivatives	90		—		90
Long-term investments:
Corporate debt securities	4,624		—		4,624
Total long-term investments	4,624		—		4,624
Total financial assets	$	13,731	$	2,657	$	11,074

Liabilities:
Derivatives	$	59	$	—	$	59



	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