v3.24.3
Balance Sheet Components (Tables)
 9 Months Ended
Sep. 30, 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 
 September 30, 2024
 Cost or
Amortized
Cost		UnrealizedEstimated
Fair
Value
 GainsLosses
Cash equivalents
Money market funds$2,433 $— $— $2,433 
Commercial paper24 — — 24 
Certificates of deposit2 — — 2 
U.S. Treasury securities7 — — 7 
Short-term marketable securities
Certificates of deposit40 — — 40 
Commercial paper101 — — 101 
Corporate bonds461 1 — 462 
U.S. government agency securities46 — — 46 
U.S. Treasury securities605 1 — 606 
Mutual funds45 — — 45 
Long-term marketable securities
Corporate bonds463 4 — 467 
U.S. government agency securities68 1 — 69 
U.S. Treasury securities257 2 — 259 
Total$4,552 $9 $— $4,561 
Schedule of Property and Equipment, net
Property and equipment, net consisted of the following (in millions):
December 31,
2023		September 30,
2024
Equipment for merchants$167 $180 
Computer equipment and software77 91 
Capitalized software and website development costs953 1,233 
Leasehold improvements217 209 
Office equipment66 73 
Construction in progress40 42 
Total1,520 1,828 
Less: Accumulated depreciation and amortization(808)(1,095)
Property and equipment, net$712 $733 
Schedule of Accrued Expenses and Other Current Liabilities
Accrued expenses and other current liabilities consisted of the following (in millions):
December 31,
2023		September 30,
2024
Litigation reserves$75 $155 
Sales tax payable and accrued sales and indirect taxes245 310 
Accrued operations related expenses331 423 
Accrued advertising112 136 
Dasher and merchant payable950 1,073 
Insurance reserves758 1,023 
Contract liabilities308 322 
Other347 395 
Total$3,126 $3,837