
	December 31, 2023
	Cost or Amortized Cost		Unrealized				Estimated Fair Value
			Gains		Losses
Cash equivalents
Money market funds	$	1,349	$	—	$	—	$	1,349
U.S. Treasury securities	35		—		—		35
Short-term marketable securities
Certificates of deposit	38		—		—		38
Commercial paper	216		—		—		216
Corporate bonds	290		—		(1)		289
U.S. government agency securities	162		—		—		162
U.S. Treasury securities	717		1		(1)		717
Long-term marketable securities
Corporate bonds	382		2		(1)		383
U.S. government agency securities	55		—		—		55
U.S. Treasury securities	144		1		—		145
Total	$	3,388	$	4	$	(3)	$	3,389


	September 30, 2024
	Cost or Amortized Cost		Unrealized				Estimated Fair Value
			Gains		Losses
Cash equivalents
Money market funds	$	2,433	$	—	$	—	$	2,433
Commercial paper	24		—		—		24
Certificates of deposit	2		—		—		2

U.S. Treasury securities	7		—		—		7

Short-term marketable securities
Certificates of deposit	40		—		—		40
Commercial paper	101		—		—		101
Corporate bonds	461		1		—		462
U.S. government agency securities	46		—		—		46
U.S. Treasury securities	605		1		—		606
Mutual funds	45		—		—		45
Long-term marketable securities
Corporate bonds	463		4		—		467
U.S. government agency securities	68		1		—		69
U.S. Treasury securities	257		2		—		259

Total	$	4,552	$	9	$	—	$	4,561

For marketable securities with unrealized loss positions, the Company does not intend to sell these securities and it is more likely than not that the Company will hold these securities until maturity or a recovery of the cost basis. No allowance for credit losses was recorded for these securities as of December 31, 2023, and September 30, 2024.


	December 31, 2023		September 30, 2024

Equipment for merchants	$	167	$	180
Computer equipment and software	77		91
Capitalized software and website development costs	953		1,233
Leasehold improvements	217		209
Office equipment	66		73
Construction in progress	40		42
Total	1,520		1,828
Less: Accumulated depreciation and amortization	(808)		(1,095)
Property and equipment, net	$	712	$	733

Depreciation expenses were $31 million and $27 million for the three months ended September 30, 2023 and 2024, respectively. Depreciation expenses were $97 million and $90 million for the nine months ended September 30, 2023 and 2024, respectively.

The Company capitalized $88 million and $98 million in capitalized software and website development costs during the three months ended September 30, 2023 and 2024, respectively. The Company capitalized $264 million and $280 million in capitalized software and website development costs during the nine months ended September 30, 2023 and 2024, respectively. Capitalized software and website development costs are included in property and equipment, net on the condensed consolidated balance sheets. Amortization of capitalized software and website development costs was $67 million and $79 million for the three months ended September 30, 2023 and 2024, respectively. Amortization of capitalized software and website development costs was $185 million and $236 million for the nine months ended September 30, 2023 and 2024, respectively. Construction in progress primarily included leasehold improvements on premises that are not ready for use and equipment for merchants that are not placed in service.


	December 31, 2023		September 30, 2024

Litigation reserves	$	75	$	155
Sales tax payable and accrued sales and indirect taxes	245		310
Accrued operations related expenses	331		423
Accrued advertising	112		136
Dasher and merchant payable	950		1,073
Insurance reserves	758		1,023
Contract liabilities	308		322
Other	347		395
Total	$	3,126	$	3,837