v3.24.1.u1
Balance Sheet Components (Tables)
 3 Months Ended
Mar. 31, 2024
Balance Sheet Related Disclosures [Abstract]  
Cash Equivalents and Marketable Securities
The following tables summarize the cost or amortized cost, gross unrealized gain, gross unrealized loss, and fair value of the Company’s cash equivalents and marketable securities (in millions):
 December 31, 2023
 Cost or
Amortized
Cost		UnrealizedEstimated
Fair
Value
 GainsLosses
Cash equivalents
Money market funds$1,349 $— $— $1,349 
U.S. Treasury securities35 — — 35 
Short-term marketable securities
Certificates of deposit38 — — 38 
Commercial paper216 — — 216 
Corporate bonds290 — (1)289 
U.S. government agency securities162 — — 162 
U.S. Treasury securities717 1 (1)717 
Long-term marketable securities
Corporate bonds382 2 (1)383 
U.S. government agency securities55 — — 55 
U.S. Treasury securities144 1 — 145 
Total$3,388 $4 $(3)$3,389 
 March 31, 2024
 Cost or
Amortized
Cost		UnrealizedEstimated
Fair
Value
 GainsLosses
Cash equivalents
Money market funds$1,914 $— $— $1,914 
Commercial paper6 — — 6 
Corporate bonds3 — — 3 
U.S. Treasury securities30 — — 30 
Short-term marketable securities
Certificates of deposit46 — — 46 
Commercial paper235 — — 235 
Corporate bonds272 — (1)271 
U.S. government agency securities63 — — 63 
U.S. Treasury securities752 — (1)751 
Long-term marketable securities
Corporate bonds451 1 (2)450 
U.S. government agency securities56 — — 56 
U.S. Treasury securities140 — — 140 
Total$3,968 $1 $(4)$3,965 
Schedule of Property and Equipment, net
Property and equipment, net consisted of the following (in millions):
December 31,
2023		March 31,
2024
Equipment for merchants$167 $174 
Computer equipment and software77 82 
Capitalized software and website development costs953 1,041 
Leasehold improvements217 221 
Office equipment66 64 
Construction in progress40 35 
Total1,520 1,617 
Less: Accumulated depreciation and amortization(808)(912)
Property and equipment, net$712 $705 
Schedule of Accrued Expenses and Other Current Liabilities
Accrued expenses and other current liabilities consisted of the following (in millions):
December 31,
2023		March 31,
2024
Litigation reserves$75 $120 
Sales tax payable and accrued sales and indirect taxes245 265 
Accrued operations related expenses331 399 
Accrued advertising112 111 
Dasher and merchant payable950 1,046 
Insurance reserves758 859 
Contract liabilities308 292 
Other347 384 
Total$3,126 $3,476