INVESTMENTS (Tables)

6 Months Ended

Jun. 30, 2022

Investments, Debt and Equity Securities [Abstract]

The following table summarizes the Company's investments by major security type at June 30, 2022 (in millions):


	Cost		Gross Unrealized Gains /Upward Adjustments		Gross Unrealized Losses /Downward Adjustments		Carrying Value
Short-term investments:

Debt securities	$	25	$	—	$	—	$	25

Long-term investments:


Equity securities of private companies	$	78	$	259	$	(184)	$	153



Equity securities with readily determinable fair values	1,165		1,543		(480)		2,228
Total	$	1,243	$	1,802	$	(664)	$	2,381

The following table summarizes the Company's investments by major security type at December 31, 2021 (in millions):


	Cost		Gross Unrealized Gains/Upward Adjustments		Gross Unrealized Losses/Downward Adjustments		Carrying Value
Short-term investments:


Debt securities	$	25	$	—	$	—	$	25







Long-term investments:


Equity securities of private companies	$	66	$	259	$	—	$	325







Equity securities with readily determinable fair values	1,165		1,990		(305)		2,850
Total	$	1,231	$	2,249	$	(305)	$	3,175

Net unrealized gains (losses) on certain investments

Net unrealized gains (losses) related to these investments for the three and six months ended June 30, 2022 and 2021 were as follow (in millions):


	Three Months Ended June 30,				Six Months Ended June 30,
	2022		2021		2022		2021
Meituan (1)	$	393	$	234	$	(335)	$	263
DiDi (1)	18		155		(79)		155
Grab (2)	(41)		126		(194)		126

(1) Included in "Other income (expense), net" in the Unaudited Consolidated Statements of Operations.

(2) Net unrealized losses for the three and six months ended June 30, 2022 are included in "Other income (expense), net" in the Unaudited Consolidated Statements of Operations and net unrealized gains for the three and six months ended June 30, 2021 are included in Net unrealized gains on available-for-sale securities in the Unaudited Consolidated Statements of Comprehensive Income (Loss).