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Funds Receivable and Customer Accounts and Investments (Tables)
 9 Months Ended
Sep. 30, 2021
Investments, Debt and Equity Securities [Abstract]  
Schedule of assets underlying funds receivable and customer accounts, short-term and long-term investments
The following table summarizes the assets underlying our funds receivable and customer accounts, short-term investments, and long-term investments as of September 30, 2021 and December 31, 2020:
 September 30, 2021December 31, 2020
(In millions)
Funds receivable and customer accounts:
Cash and cash equivalents$12,164 $13,222 
Time deposits345 233 
Available-for-sale debt securities17,607 15,001 
Funds receivable4,988 4,962 
Total funds receivable and customer accounts$35,104 $33,418 
Short-term investments:
Time deposits$1,116 $1,519 
Available-for-sale debt securities4,371 6,689 
Restricted cash23 81 
Total short-term investments$5,510 $8,289 
Long-term investments:
Time deposits$45 $31 
Available-for-sale debt securities3,225 2,819 
Restricted cash— 7 
Strategic investments3,483 3,232 
Total long-term investments$6,753 $6,089 
Schedule of estimated fair value of available-for-sale debt securities
As of September 30, 2021 and December 31, 2020, the estimated fair value of our available-for-sale debt securities included within funds receivable and customer accounts, short-term investments, and long-term investments was as follows:
 
September 30, 2021(1)
 Gross
Amortized
Cost		Gross
Unrealized
Gains		Gross
Unrealized
Losses		Estimated
Fair Value
(In millions)
Funds receivable and customer accounts:
U.S. government and agency securities$9,171 $1 $(4)$9,168 
Foreign government and agency securities1,556 — (1)1,555 
Corporate debt securities3,924 2 (2)3,924 
Asset-backed securities1,220 — — 1,220 
Municipal securities50 — — 50 
Short-term investments:
U.S. government and agency securities639 — — 639 
Foreign government and agency securities602 — — 602 
Corporate debt securities2,293 — — 2,293 
Asset-backed securities181 — — 181 
Long-term investments:
U.S. government and agency securities582 — — 582 
Foreign government and agency securities911 — (1)910 
Corporate debt securities1,397 1 (2)1,396 
Asset-backed securities337 — — 337 
Total available-for-sale debt securities(2)
$22,863 $4 $(10)$22,857 
(1) “—” Denotes gross unrealized gain or unrealized loss of less than $1 million in a given position.
(2) Excludes foreign currency denominated available-for-sale debt securities accounted for under the fair value option. Refer to “Note 9—Fair Value Measurement of Assets and Liabilities.”
 
December 31, 2020(1)
 Gross
Amortized
Cost		Gross
Unrealized
Gains		Gross
Unrealized
Losses		Estimated
Fair Value
(In millions)
Funds receivable and customer accounts:
U.S. government and agency securities$7,929 $4 $— $7,933 
Foreign government and agency securities1,504 2 — 1,506 
Corporate debt securities2,011 — — 2,011 
Municipal securities637 — — 637 
Short-term investments:
U.S. government and agency securities1,510 — — 1,510 
Foreign government and agency securities277 — — 277 
Corporate debt securities4,900 2 — 4,902 
Long-term investments:
U.S. government and agency securities28 — — 28 
Foreign government and agency securities1,305 — (1)1,304 
Corporate debt securities1,255 4 — 1,259 
Asset-backed securities228 — — 228 
Total available-for-sale debt securities(2)
$21,584 $12 $(1)$21,595 
(1) “—” Denotes gross unrealized gain or unrealized loss of less than $1 million in a given position.
(2) Excludes foreign currency denominated available-for-sale debt securities accounted for under the fair value option. Refer to “Note 9—Fair Value Measurement of Assets and Liabilities.”
Schedule of gross unrealized losses and estimated fair value of available-for-sale debt securities in a continuous loss position As of September 30, 2021 and December 31, 2020, the gross unrealized losses and estimated fair value of our available-for-sale debt securities included within funds receivable and customer accounts, short-term investments, and long-term investments for which an allowance for credit losses was not deemed necessary, aggregated by the length of time those individual securities have been in a continuous loss position, was as follows:
 
September 30, 2021(1)
Less than 12 months12 months or longerTotal
 Fair ValueGross
Unrealized
Losses		Fair ValueGross
Unrealized
Losses		Fair ValueGross
Unrealized
Losses
(In millions)
Funds receivable and customer accounts:
U.S. government and agency securities$5,436 $(4)$— $— $5,436 $(4)
Foreign government and agency securities893 (1)— — 893 (1)
Corporate debt securities1,336 (2)— — 1,336 (2)
Asset-backed securities665 — — — 665 — 
Short-term investments:
U.S. government and agency securities441 — — — 441 — 
Foreign government and agency securities332 — — — 332 — 
Corporate debt securities234 — — — 234 — 
Asset-backed securities34 — — — 34 — 
Long-term investments:
U.S. government and agency securities426 — — — 426 — 
Foreign government and agency securities612 (1)— — 612 (1)
Corporate debt securities799 (2)— — 799 (2)
Asset-backed securities242 — — — 242 — 
Total available-for-sale debt securities$11,450 $(10)$— $— $11,450 $(10)
(1) “—” Denotes gross unrealized loss or fair value of less than $1 million in a given position.
 
December 31, 2020(1)
Less than 12 months12 months or longerTotal
 Fair ValueGross
Unrealized
Losses		Fair ValueGross
Unrealized
Losses		Fair ValueGross
Unrealized
Losses
(In millions)
Funds receivable and customer accounts:
U.S. government and agency securities$262 $— $— $— $262 $— 
Foreign government and agency securities353 — — — 353 — 
Corporate debt securities641 — — — 641 — 
Municipal securities50 — — — 50 — 
Short-term investments:
U.S. government and agency securities270 — — — 270 — 
Foreign government and agency securities72 — — — 72 — 
Corporate debt securities392 — — — 392 — 
Long-term investments:
U.S. government and agency securities28 — — — 28 — 
Foreign government and agency securities405 (1)— — 405 (1)
Corporate debt securities97 — — — 97 — 
Asset-backed securities15 — — — 15 — 
Total available-for-sale debt securities$2,585 $(1)$— $— $2,585 $(1)
(1) “—” Denotes gross unrealized loss or fair value of less than $1 million in a given position.
The estimated fair values of investments classified as available for sale included within funds receivable and customer accounts by date of contractual maturity
Our available-for-sale debt securities included within funds receivable and customer accounts, short-term investments, and long-term investments classified by date of contractual maturity were as follows:
 September 30, 2021
Amortized CostFair Value
(In millions)
One year or less $12,198 $12,198 
After one year through five years9,873 9,866 
After five years through ten years746 746 
After ten years46 47 
Total$22,863 $22,857 
Schedule of adjustments to the carrying value of equity investments and summary of cumulative gross unrealized gains and cumulative gross unrealized losses and impairment related to non-marketable equity securities accounted for under the Measurement Alternative
The adjustments to the carrying value of our non-marketable equity securities accounted for under the Measurement Alternative in the three and nine months ended September 30, 2021 and 2020 were as follows:
Three Months Ended September 30,Nine Months Ended September 30,
 2021202020212020
(In millions)
Carrying amount, beginning of period$1,009 $552 $779 $497 
Adjustments related to non-marketable equity securities:
Net additions(1)
97 49 110 74 
Gross unrealized gains90 — 307 45 
Gross unrealized losses and impairments— (7)— (22)
Carrying amount, end of period$1,196 $594 $1,196 $594 
(1) Net additions include purchases, reductions due to sales of securities, and reclassifications when Measurement Alternative is subsequently elected or no longer applies.
The following table summarizes the cumulative gross unrealized gains and cumulative gross unrealized losses and impairment related to non-marketable equity securities accounted for under the Measurement Alternative for investments held at September 30, 2021 and December 31, 2020, respectively:
September 30, 2021December 31, 2020
(In millions)
Cumulative gross unrealized gains $684 $378 
Cumulative gross unrealized losses and impairment$(27)$(27)
Schedule of unrealized gains (losses) on strategic investments, excluding those accounted for using the equity method
The following table summarizes the net unrealized gains (losses) on marketable and non-marketable equity securities, excluding those accounted for using the equity method, held at September 30, 2021 and 2020, respectively:
 Three Months Ended September 30,Nine Months Ended September 30,
 2021202020212020
(In millions)
Net unrealized gains$173 $162 $265 $670