Meta Platforms (META) 10-Q 31 Jul 20 2020 Q2 Quarterly report Financial data

Cover Page

Cover Page - shares	6 Months Ended
	Jun. 30, 2020	Jul. 23, 2020
Entity Information
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2020
Document Transition Report	false
Entity File Number	001-35551
Entity Registrant Name	Facebook, Inc.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	20-1665019
Entity Address, Address Line One	1601 Willow Road
Entity Address, City or Town	Menlo Park
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	94025
City Area Code	650
Local Phone Number	543-4800
Title of 12(b) Security	Class A Common Stock, par value $0.000006
Trading Symbol	FB
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Amendment Flag	false
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q2
Entity Central Index Key	0001326801
Current Fiscal Year End Date	--12-31
Class A Common Stock
Entity Information
Entity Common Stock, Shares Outstanding		2,404,282,110
Class B Common Stock
Entity Information
Entity Common Stock, Shares Outstanding		444,533,708

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Jun. 30, 2020	Dec. 31, 2019
Current assets:
Cash and cash equivalents	$ 21,045	$ 19,079
Marketable securities	37,195	35,776
Accounts receivable, net of allowances of $365 and $206 as of June 30, 2020 and December 31, 2019, respectively	7,483	9,518
Prepaid expenses and other current assets	2,407	1,852
Total current assets	68,130	66,225
Property and equipment, net	39,006	35,323
Operating lease right-of-use assets, net	9,429	9,460
Intangible assets, net	859	894
Goodwill	19,029	18,715
Other assets	3,238	2,759
Total assets	139,691	133,376
Current liabilities:
Accounts payable	920	1,363
Accounts Payable and Other Accrued Liabilities, Current	729	886
Operating lease liabilities, current	899	800
Accrued expenses and other current liabilities	8,496	11,735
Deferred revenue and deposits	264	269
Total current liabilities	11,308	15,053
Operating lease liabilities, non-current	9,633	9,524
Other liabilities	8,303	7,745
Total liabilities	29,244	32,322
Commitments and contingencies
Stockholders' equity:
Common stock, $0.000006 par value; 5,000 million Class A shares authorized, 2,406 million and 2,407 million shares issued and outstanding, as of June 30, 2020 and December 31, 2019, respectively; 4,141 million Class B shares authorized, 444 million and 445 million shares issued and outstanding, as of June 30, 2020 and December 31, 2019, respectively	0	0
Additional paid-in capital	47,805	45,851
Accumulated other comprehensive loss	(142)	(489)
Retained earnings	62,784	55,692
Total stockholders' equity	110,447	101,054
Total liabilities and stockholders' equity	$ 139,691	$ 133,376

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Millions	Jun. 30, 2020	Dec. 31, 2019
Current assets:
Accounts receivable, allowances for doubtful accounts	$ 365	$ 206
Stockholders' equity:
Common stock, par value (in dollars per share)	$ 0.000006	$ 0.000006
Class A Common Stock
Stockholders' equity:
Common stock, shares authorized (in shares)	5,000,000,000	5,000,000,000
Common stock, shares issued (in shares)	2,406,000,000	2,407,000,000
Common stock, shares outstanding (in shares)	2,406,000,000	2,407,000,000
Class B Common Stock
Stockholders' equity:
Common stock, shares authorized (in shares)	4,141,000,000	4,141,000,000
Common stock, shares issued (in shares)	444,000,000	445,000,000
Common stock, shares outstanding (in shares)	444,000,000	445,000,000

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($) shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Revenue	$ 18,687	$ 16,886	$ 36,423	$ 31,963
Costs and expenses:
Cost of revenue	3,829	3,307	7,288	6,123
Research and development	4,462	3,315	8,477	6,175
Marketing and sales	2,840	2,414	5,627	4,434
General and administrative	1,593	3,224	3,175	7,288
Total costs and expenses	12,724	12,260	24,567	24,020
Income from operations	5,963	4,626	11,856	7,943
Interest and other income, net	168	206	136	371
Income before provision for income taxes	6,131	4,832	11,992	8,314
Provision for income taxes	953	2,216	1,911	3,269
Net income	$ 5,178	$ 2,616	$ 10,081	$ 5,045
Earnings per share attributable to Class A and Class B common stockholders:
Basic (in dollars per share)	$ 1.82	$ 0.92	$ 3.54	$ 1.77
Diluted (in dollars per share)	$ 1.80	$ 0.91	$ 3.51	$ 1.76
Weighted-average shares used to compute earnings per share attributable to Class A and Class B common stockholders:
Basic (in shares)	2,850	2,855	2,851	2,855
Diluted (in shares)	2,879	2,875	2,876	2,873
Share-based compensation expense included in costs and expenses:
Share-based compensation expense	$ 1,695	$ 1,303	$ 3,030	$ 2,313
Cost of revenue
Share-based compensation expense included in costs and expenses:
Share-based compensation expense	117	109	211	196
Research and development
Share-based compensation expense included in costs and expenses:
Share-based compensation expense	1,261	927	2,260	1,650
Marketing and sales
Share-based compensation expense included in costs and expenses:
Share-based compensation expense	187	160	336	273
General and administrative
Share-based compensation expense included in costs and expenses:
Share-based compensation expense	$ 130	$ 107	$ 223	$ 194

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Statement of Comprehensive Income [Abstract]
Net income	$ 5,178	$ 2,616	$ 10,081	$ 5,045
Other comprehensive income (loss):
Change in foreign currency translation adjustment, net of tax	247	90	(129)	(85)
Change in unrealized gain/loss on available-for-sale investments and other, net of tax	155	208	476	362
Comprehensive income	$ 5,580	$ 2,914	$ 10,428	$ 5,322

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($) shares in Millions, $ in Millions	Total	Class A and Class B Common Stock	Additional Paid-In Capital	Accumulated Other Comprehensive Loss	Retained Earnings
Balances at beginning of period (in shares) at Dec. 31, 2018		2,854
Balances at beginning of period at Dec. 31, 2018	$ 84,127	$ 0	$ 42,906	$ (760)	$ 41,981
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock (in shares)		16
Issuance of common stock	9		9
Shares withheld related to net share settlement (in shares)		(7)
Shares withheld related to net share settlement and other	(1,362)		(951)		(411)
Share-based compensation	2,313		2,313
Share repurchases (in shares)		(9)
Share repurchases	(1,647)				(1,647)
Other comprehensive income	277			277
Net income	5,045				5,045
Balances at end of period (in shares) at Jun. 30, 2019		2,854
Balances at end of period at Jun. 30, 2019	88,762	$ 0	44,277	(483)	44,968
Balances at beginning of period (in shares) at Mar. 31, 2019		2,856
Balances at beginning of period at Mar. 31, 2019	86,516	$ 0	43,533	(781)	43,764
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock (in shares)		8
Issuance of common stock	4		4
Shares withheld related to net share settlement (in shares)		(4)
Shares withheld related to net share settlement and other	(850)		(563)		(287)
Share-based compensation	1,303		1,303
Share repurchases (in shares)		(6)
Share repurchases	(1,125)				(1,125)
Other comprehensive income	298			298
Net income	2,616				2,616
Balances at end of period (in shares) at Jun. 30, 2019		2,854
Balances at end of period at Jun. 30, 2019	88,762	$ 0	44,277	(483)	44,968
Balances at beginning of period (in shares) at Dec. 31, 2019		2,852
Balances at beginning of period at Dec. 31, 2019	101,054	$ 0	45,851	(489)	55,692
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock (in shares)		18
Issuance of common stock	0		0
Shares withheld related to net share settlement (in shares)		(7)
Shares withheld related to net share settlement and other	(1,444)		(1,076)		(368)
Share-based compensation	$ 3,030		3,030
Share repurchases (in shares)	(13)	(13)
Share repurchases	$ (2,621)				(2,621)
Other comprehensive income	347			347
Net income	10,081				10,081
Balances at end of period (in shares) at Jun. 30, 2020		2,850
Balances at end of period at Jun. 30, 2020	110,447	$ 0	47,805	(142)	62,784
Balances at beginning of period (in shares) at Mar. 31, 2020		2,851
Balances at beginning of period at Mar. 31, 2020	105,304	$ 0	46,688	(544)	59,160
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock (in shares)		10
Issuance of common stock			0
Shares withheld related to net share settlement (in shares)		(4)
Shares withheld related to net share settlement and other	(753)		(578)		(175)
Share-based compensation	1,695		1,695
Share repurchases (in shares)		(7)
Share repurchases	(1,379)				(1,379)
Other comprehensive income	402			402
Net income	5,178				5,178
Balances at end of period (in shares) at Jun. 30, 2020		2,850
Balances at end of period at Jun. 30, 2020	$ 110,447	$ 0	$ 47,805	$ (142)	$ 62,784

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Cash flows from operating activities
Net income	$ 10,081	$ 5,045
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	3,301	2,857
Share-based compensation	3,030	2,313
Deferred income taxes	690	184
Other	49	14
Changes in assets and liabilities:
Accounts receivable	1,924	64
Prepaid expenses and other current assets	(353)	(168)
Other assets	(15)	65
Accounts payable	(100)	(87)
Partners payable	(158)	20
Accrued expenses and other current liabilities	(3,016)	5,982
Deferred revenue and deposits	(1)	51
Other liabilities	(554)	1,584
Net cash provided by operating activities	14,878	17,924
Cash flows from investing activities
Purchases of property and equipment, net	(6,813)	(7,470)
Purchases of marketable securities	(14,063)	(11,755)
Sales of marketable securities	5,381	4,456
Maturities of marketable securities	7,868	4,105
Acquisitions of businesses, net of cash acquired, and purchases of intangible assets	(372)	(53)
Other investing activities, net	(288)	(61)
Net cash used in investing activities	(8,287)	(10,778)
Cash flows from financing activities
Taxes paid related to net share settlement of equity awards	(1,444)	(1,119)
Repurchases of Class A common stock	(2,618)	(1,758)
Principal payments on finance leases	(209)	(267)
Net change in overdraft in cash pooling entities	(17)	(119)
Other financing activities, net	114	9
Net cash used in financing activities	(4,174)	(3,254)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash	(127)	(18)
Net increase in cash, cash equivalents, and restricted cash	2,290	3,874
Cash, cash equivalents, and restricted cash at beginning of the period	19,279	10,124
Cash, cash equivalents, and restricted cash at end of the period	21,569	13,998
Reconciliation of cash, cash equivalents, and restricted cash to the condensed consolidated balance sheets
Cash and cash equivalents	21,045	13,877
Total cash, cash equivalents, and restricted cash	21,569	13,998
Supplemental cash flow data
Cash paid for income taxes, net	1,250	1,696
Non-cash investing activities:
Acquisition of businesses and other investments in accrued expenses and other liabilities	316	0
Property and equipment in accounts payable and accrued liabilities	$ 1,592	$ 1,667

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2020
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Summary of Significant Accounting Policies Basis of Presentation The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States (GAAP) and applicable rules and regulations of the Securities and Exchange Commission (SEC) regarding interim financial reporting. Certain information and note disclosures normally included in the financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to such rules and regulations. As such, the information included in this quarterly report on Form 10-Q should be read in conjunction with the consolidated financial statements and accompanying notes included in our Annual Report on Form 10-K for the year ended December 31, 2019 . The condensed consolidated balance sheet as of December 31, 2019 included herein was derived from the audited financial statements as of that date, but does not include all disclosures including notes required by GAAP. The condensed consolidated financial statements include the accounts of Facebook, Inc., subsidiaries where we have controlling financial interests, and any variable interest entities for which we are deemed to be the primary beneficiary. All intercompany balances and transactions have been eliminated. The accompanying condensed consolidated financial statements reflect all normal recurring adjustments that are necessary to present fairly the results for the interim periods presented. Interim results are not necessarily indicative of the results for the full year ending December 31, 2020 . Reclassifications Certain prior year amounts on the condensed consolidated statements of cash flow have been reclassified to conform to the current year presentation. A reclassification was made to net the changes in operating lease right-of use assets with operating lease liabilities. This net change was not material and was included within the changes in other liabilities in cash flows from operating activities on the condensed consolidated statement of cash flow for the six months ended June 30, 2019 . This change does not affect previously reported cash flows from operating activities in the condensed consolidated statements of cash flows. This reclassification had no effect on our other condensed consolidated financial statements for the periods ended June 30, 2020 and 2019. Use of Estimates Conformity with GAAP requires the use of estimates and judgments that affect the reported amounts in the condensed consolidated financial statements and accompanying notes. These estimates form the basis for judgments we make about the carrying values of our assets and liabilities, which are not readily apparent from other sources. We base our estimates and judgments on historical information and on various other assumptions that we believe are reasonable under the circumstances. GAAP requires us to make estimates and judgments in several areas, including, but not limited to, those related to income taxes, loss contingencies, fair value of acquired intangible assets and goodwill, collectibility of accounts receivable, fair value of financial instruments, credit losses of available-for-sale (AFS) debt securities, leases, useful lives of intangible assets and property and equipment, and revenue recognition. These estimates are based on management's knowledge about current events and expectations about actions we may undertake in the future. Actual results could differ materially from those estimates. The COVID-19 pandemic has created and may continue to create significant uncertainty in macroeconomic conditions, which may cause further business slowdowns or shutdowns, depress demand for our advertising business, and adversely impact our results of operations. During the three and six months ended June 30, 2020 , we faced increasing uncertainties around our estimates of revenue collectibility and accounts receivable credit losses. We expect uncertainties around our key accounting estimates to continue to evolve depending on the duration and degree of impact associated with the COVID-19 pandemic . Our estimates may change as new events occur and additional information emerges, and such changes are recognized or disclosed in our condensed consolidated financial statements. Recently Adopted Accounting Pronouncements Fair Value Measurements On January 1, 2020, we adopted Accounting Standards Update No. 2018-13, Changes to Disclosure Requirements for Fair Value Measurements (Topic 820) , which improved the effectiveness of disclosure requirements for recurring and nonrecurring fair value measurements. The standard removes, modifies, and adds certain disclosure requirements. The adoption of this new standard did not have a material impact on our condensed consolidated financial statements. Credit Losses On January 1, 2020, we adopted Accounting Standards Update No. 2016-13, Financial Instruments-Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments , using the modified retrospective transition method. Upon adoption, we changed our impairment model to utilize a forward-looking current expected credit losses (CECL) model in place of the incurred loss methodology for financial instruments measured at amortized cost, including our accounts receivable. In addition, we modified our impairment model to the CECL model for AFS debt securities and discontinued using the concept of "other than temporary" impairment on AFS debt securities. CECL estimates on accounts receivable are recorded as general and administrative expenses on our condensed consolidated statements of income. CECL estimates on AFS debt securities are recognized in interest and other income (expense), net on our condensed consolidated statements of income. The cumulative effect adjustment from adoption was immaterial to our condensed consolidated financial statements. We continue to monitor the financial implications of the COVID-19 pandemic on expected credit losses. Significant Accounting Policies There have been no material changes to our significant accounting policies from our Annual Report on Form 10-K for the fiscal year ended December 31, 2019 , except for the policies noted below which changed as a result of the adoption of Topic 326. Cash and Cash Equivalents and Marketable Securities Cash and cash equivalents consist of cash on deposit with banks and highly liquid investments with maturities of 90 days or less from the date of purchase. We hold investments in marketable securities, consisting of U.S. government securities, U.S. government agency securities, and investment grade corporate debt securities. We classify our marketable securities as AFS investments in our current assets because they represent investments of cash available for current operations. Our AFS investments are carried at estimated fair value with any unrealized gains and losses, net of taxes, included in accumulated other comprehensive income (loss) in stockholders' equity. AFS debt securities with an amortized cost basis in excess of estimated fair value are assessed to determine what amount of that difference, if any, is caused by expected credit losses. Expected credit losses on AFS debt securities are recognized in interest and other income (expense), net on our condensed consolidated statements of income, and any remaining unrealized losses, net of taxes, are included in accumulated other comprehensive income (loss) in stockholders' equity. The amount of credit losses recorded for the three and six months ended June 30, 2020 was not material. We have not recorded any impairment charge for unrealized losses in the periods presented. We determine realized gains or losses on sale of marketable securities on a specific identification method, and record such gains or losses as interest and other income (expense), net. Accounts Receivable and Allowances Accounts receivable are recorded and carried at the original invoiced amount less an allowance for any potential uncollectible amounts. We make estimates of expected credit losses for the allowance for doubtful accounts and allowance for unbilled receivables based upon our assessment of various factors, including historical experience, the age of the accounts receivable balances, credit quality of our customers, current economic conditions, reasonable and supportable forecasts of future economic conditions, and other factors that may affect our ability to collect from customers. Estimated credit loss allowance is recorded as general and administrative expenses on our condensed consolidated statements of income. As of June 30, 2020 , we reported $7.48 billion of accounts receivable, net of an allowance of $365 million . Credit Risk and Concentration Our financial instruments that are potentially subject to concentrations of credit risk consist primarily of cash, cash equivalents, restricted cash, marketable securities, and accounts receivable. The majority of cash equivalents consists of money market funds that primarily invest in U.S. government and agency securities. Marketable securities consist of investments in U.S. government securities, U.S. government agency securities, and investment grade corporate debt securities. Our investment portfolio in corporate debt securities is highly liquid and diversified among individual issuers. AFS debt securities with an amortized cost basis in excess of estimated fair value are assessed using the CECL model to determine what amount of that difference, if any, is caused by expected credit losses. Expected credit losses on AFS debt securities are recognized in interest and other income (expense), net on our condensed consolidated statements of income and were not material for the three and six months ended June 30, 2020 . Accounts receivable are typically unsecured and are derived from revenue earned from customers across different industries and countries. We generated 42% of our revenue for the three and six months ended June 30, 2020 and 2019 from marketers and developers based in the United States, with the majority of revenue outside of the United States coming from customers located in western Europe, China, Canada, Vietnam, Japan, Australia and Brazil. We perform ongoing credit evaluations of our customers and generally do not require collateral. We maintain an allowance for estimated credit losses. Bad debt expense was immaterial during the three and six months ended June 30, 2020 and 2019 . In the event that accounts receivable collection cycles deteriorate, our operating results and financial position could be adversely affected. Accounting Pronouncements Not Yet Adopted In December 2019, the Financial Accounting Standards Board (FASB) issued Accounting Standard Update No. 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes (ASU 2019-12), which simplifies the accounting for income taxes. This guidance will be effective for us in the first quarter of 2021 on a prospective basis, with early adoption permitted. We will adopt the new standard effective January 1, 2021 and do not expect the adoption of this guidance to have a material impact on our consolidated financial statements. In January 2020, the FASB issued Accounting Standards Update No. 2020-01, Investments—Equity Securities (Topic 321), Investments—Equity Method and Joint Ventures (Topic 323), and Derivatives and Hedging (Topic 815) (ASU 2020-01), which clarifies the interaction of the accounting for equity securities under Topic 321, the accounting for equity method investments in Topic 323, and the accounting for certain forward contracts and purchased options in Topic 815. This guidance will be effective for us in the first quarter of 2021 on a prospective basis, with early adoption permitted. We are currently evaluating the impact of the new guidance, but based upon our current portfolio of investments, we do not expect the adoption of this guidance to have a material impact on our consolidated financial statements.

Revenue

Revenue	6 Months Ended
	Jun. 30, 2020
Revenue from Contract with Customer [Abstract]
Revenue	Revenue Revenue disaggregated by revenue source consists of the following (in millions): Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 Advertising $ 18,321 $ 16,624 $ 35,760 $ 31,536 Other revenue 366 262 663 427 Total revenue $ 18,687 $ 16,886 $ 36,423 $ 31,963 Revenue disaggregated by geography, based on the addresses of our customers, consists of the following (in millions): Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 United States and Canada (1) $ 8,292 $ 7,632 $ 16,304 $ 14,409 Europe (2) 4,249 4,097 8,398 7,721 Asia-Pacific 4,611 3,628 8,582 6,965 Rest of World (2) 1,535 1,529 3,139 2,868 Total revenue $ 18,687 $ 16,886 $ 36,423 $ 31,963 ____________________________________ (1) United States revenue was $7.83 billion and $7.14 billion for the three months ended June 30, 2020 and 2019 , respectively, and $15.38 billion and $13.51 billion for the six months ended June 30, 2020 and 2019 , respectively. (2) Europe includes Russia and Turkey, and Rest of World includes Africa, Latin America, and the Middle East. Deferred revenue and deposits consists of the following (in millions): June 30, 2020 December 31, 2019 Deferred revenue $ 222 $ 234 Deposits 42 35 Total deferred revenue and deposits $ 264 $ 269

Earnings per Share

Earnings per Share	6 Months Ended
	Jun. 30, 2020
Earnings Per Share [Abstract]
Earnings per Share	Earnings per Share We compute earnings per share (EPS) of Class A and Class B common stock using the two-class method. Basic EPS is computed by dividing net income by the weighted-average number of shares of our Class A and Class B common stock outstanding. For the calculation of diluted EPS, net income for basic EPS is adjusted by the effect of dilutive securities under our equity compensation plans. In addition, the computation of the diluted EPS of Class A common stock assumes the conversion of our Class B common stock to Class A common stock, while the diluted EPS of Class B common stock does not assume the conversion of those shares to Class A common stock. Diluted EPS attributable to common stockholders is computed by dividing the resulting net income by the weighted-average number of fully diluted common shares outstanding. Restricted stock units (RSUs) with anti-dilutive effect were excluded from the EPS calculation and they were not material for the three and six months ended June 30, 2020 and 2019 . Basic and diluted EPS are the same for each class of common stock because they are entitled to the same liquidation and dividend rights. The numerators and denominators of the basic and diluted EPS computations for our common stock are calculated as follows (in millions, except per share amounts): Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 Class A Class B Class A Class B Class A Class B Class A Class B Basic EPS: Numerator Net income $ 4,371 $ 807 $ 2,204 $ 412 $ 8,509 $ 1,572 $ 4,241 $ 804 Denominator Weighted-average shares outstanding 2,406 444 2,405 450 2,407 444 2,400 455 Basic EPS $ 1.82 $ 1.82 $ 0.92 $ 0.92 $ 3.54 $ 3.54 $ 1.77 $ 1.77 Diluted EPS: Numerator Net income $ 4,371 $ 807 $ 2,204 $ 412 $ 8,509 $ 1,572 $ 4,241 $ 804 Reallocation of net income as a result of conversion of Class B to Class A common stock 807 — 412 — 1,572 — 804 — Reallocation of net income to Class B common stock — (8 ) — (2 ) — (13 ) — (3 ) Net income for diluted EPS $ 5,178 $ 799 $ 2,616 $ 410 $ 10,081 $ 1,559 $ 5,045 $ 801 Denominator Number of shares used for basic EPS computation 2,406 444 2,405 450 2,407 444 2,400 455 Conversion of Class B to Class A common stock 444 — 450 — 444 — 455 — Weighted-average effect of dilutive RSUs and employee stock options 29 — 20 — 25 — 18 1 Number of shares used for diluted EPS computation 2,879 444 2,875 450 2,876 444 2,873 456 Diluted EPS $ 1.80 $ 1.80 $ 0.91 $ 0.91 $ 3.51 $ 3.51 $ 1.76 $ 1.76

Cash and Cash Equivalents, and

Cash and Cash Equivalents, and Marketable Securities	6 Months Ended
	Jun. 30, 2020
Cash and Cash Equivalents and Marketable Securities [Abstract]
Cash and Cash Equivalents, and Marketable Securities	Cash and Cash Equivalents, and Marketable Securities The following table sets forth the cash and cash equivalents and marketable securities (in millions): June 30, 2020 December 31, 2019 Cash and cash equivalents: Cash $ 5,938 $ 4,735 Money market funds 14,734 12,787 U.S. government securities 178 815 U.S. government agency securities — 444 Certificate of deposits and time deposits 195 217 Corporate debt securities — 81 Total cash and cash equivalents 21,045 19,079 Marketable securities: U.S. government securities 19,263 18,679 U.S. government agency securities 7,517 6,712 Corporate debt securities 10,415 10,385 Total marketable securities 37,195 35,776 Total cash and cash equivalents and marketable securities $ 58,240 $ 54,855 The gross unrealized gains on our marketable securities were $781 million and $205 million as of June 30, 2020 and December 31, 2019 , respectively. The gross unrealized losses on our marketable securities were not material as of June 30, 2020 and December 31, 2019 . The allowance for credit losses was not material as of June 30, 2020 . The following table classifies our marketable securities by contractual maturities (in millions): June 30, 2020 Due in one year $ 12,178 Due after one year to five years 25,017 Total $ 37,195

Fair Value Measurement

Fair Value Measurement	6 Months Ended
	Jun. 30, 2020
Fair Value Disclosures [Abstract]
Fair Value Measurement	Fair Value Measurement The following table summarizes our cash equivalents and marketable securities measured at fair value and the classification by level of input within the fair value hierarchy (in millions): Fair Value Measurement at Reporting Date Using Description June 30, 2020 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Cash equivalents: Money market funds $ 14,734 $ 14,734 $ — $ — U.S. government securities 178 178 — — Certificate of deposits and time deposits 195 — 195 — Marketable securities: U.S. government securities 19,263 19,263 — — U.S. government agency securities 7,517 7,517 — — Corporate debt securities 10,415 — 10,415 — Total cash equivalents and marketable securities $ 52,302 $ 41,692 $ 10,610 $ — Fair Value Measurement at Reporting Date Using Description December 31, 2019 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Cash equivalents: Money market funds $ 12,787 $ 12,787 $ — $ — U.S. government securities 815 815 — — U.S. government agency securities 444 444 — — Certificate of deposits and time deposits 217 — 217 — Corporate debt securities 81 — 81 — Marketable securities: U.S. government securities 18,679 18,679 — — U.S. government agency securities 6,712 6,712 — — Corporate debt securities 10,385 — 10,385 — Total cash equivalents and marketable securities $ 50,120 $ 39,437 $ 10,683 $ — We classify our cash equivalents and marketable securities within Level 1 or Level 2 because we use quoted market prices or alternative pricing sources and models utilizing market observable inputs to determine their fair value. Beginning in 2020, we had other assets and liabilities classified within Level 3 as factors used to develop the estimated fair value are unobservable inputs that are not supported by market activity. The aggregate absolute value of these Level 3 assets and liabilities was not material to our condensed consolidated financial statements as of June 30, 2020 .

Property and Equipment

Property and Equipment	6 Months Ended
	Jun. 30, 2020
Property, Plant and Equipment [Abstract]
Property and Equipment	Property and Equipment Property and equipment, net consists of the following (in millions): June 30, 2020 December 31, 2019 Land $ 1,209 $ 1,097 Buildings 13,359 11,226 Leasehold improvements 3,423 3,112 Network equipment 19,047 17,004 Computer software, office equipment and other 2,018 1,813 Finance lease right-of-use assets 1,756 1,635 Construction in progress 11,276 10,099 Total 52,088 45,986 Less: Accumulated depreciation (13,082 ) (10,663 ) Property and equipment, net $ 39,006 $ 35,323 Depreciation expense on property and equipment was $1.58 billion and $1.34 billion for the three months ended June 30, 2020 and 2019 , respectively, and $3.07 billion and $2.54 billion for the six months ended June 30, 2020 and 2019 , respectively. Construction in progress includes costs mostly related to construction of data centers, network equipment infrastructure to support our data centers around the world, and office buildings. No interest was capitalized for any period presented.

Leases

Leases	6 Months Ended
	Jun. 30, 2020
Leases [Abstract]
Leases	Leases We have entered into various non-cancelable operating lease agreements for certain of our offices, data centers, land, colocations, and equipment. We have also entered into various non-cancelable finance lease agreements for certain network equipment. Our leases have original lease periods expiring between the remainder of 2020 and 2093 . Many leases include one or more options to renew. We do not assume renewals in our determination of the lease term unless the renewals are deemed to be reasonably assured. Our lease agreements generally do not contain any material residual value guarantees or material restrictive covenants. The components of lease costs, lease term and discount rate are as follows (in millions): Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 Finance lease cost Amortization of right-of-use assets $ 60 $ 47 $ 120 $ 89 Interest 4 3 7 5 Operating lease cost 344 274 684 520 Variable lease cost and other, net 57 21 117 70 Total lease cost $ 465 $ 345 $ 928 $ 684 Weighted-average remaining lease term Operating leases 12.6 years 13.1 years 12.6 years 13.1 years Finance leases 15.0 years 15.3 years 15.0 years 15.3 years Weighted-average discount rate Operating leases 3.1 % 3.5 % 3.1 % 3.5 % Finance leases 3.1 % 3.2 % 3.1 % 3.2 % The following is a schedule, by years, of maturities of lease liabilities as of June 30, 2020 (in millions): Operating Leases Finance Leases The remainder of 2020 $ 528 $ 38 2021 1,315 49 2022 1,254 39 2023 1,174 37 2024 1,099 37 Thereafter 7,932 389 Total undiscounted cash flows 13,302 589 Less: Imputed interest (2,770 ) (117 ) Present value of lease liabilities $ 10,532 $ 472 Lease liabilities, current $ 899 $ 48 Lease liabilities, non-current 9,633 424 Present value of lease liabilities $ 10,532 $ 472 The table above does not include lease payments that were not fixed at commencement or modification. As of June 30, 2020 , we have additional operating and finance leases for facilities and network equipment that have not yet commenced with lease obligations of approximately $4.91 billion and $364 million , respectively. These operating and finance leases will commence between the remainder of 2020 and 2023 with lease terms of greater than one year to 25 years. Subsequent to June 30, 2020, we entered into an approximately $1.0 billion non-cancelable lease agreement for a data center. Supplemental cash flow information related to leases are as follows (in millions): Six Months Ended June 30, 2020 2019 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 572 $ 388 Operating cash flows from finance leases $ 7 $ 5 Financing cash flows from finance leases $ 209 $ 267 Lease liabilities arising from obtaining right-of-use assets: Operating leases $ 689 $ 2,203 Finance leases $ 33 $ 75
Leases	Leases We have entered into various non-cancelable operating lease agreements for certain of our offices, data centers, land, colocations, and equipment. We have also entered into various non-cancelable finance lease agreements for certain network equipment. Our leases have original lease periods expiring between the remainder of 2020 and 2093 . Many leases include one or more options to renew. We do not assume renewals in our determination of the lease term unless the renewals are deemed to be reasonably assured. Our lease agreements generally do not contain any material residual value guarantees or material restrictive covenants. The components of lease costs, lease term and discount rate are as follows (in millions): Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 Finance lease cost Amortization of right-of-use assets $ 60 $ 47 $ 120 $ 89 Interest 4 3 7 5 Operating lease cost 344 274 684 520 Variable lease cost and other, net 57 21 117 70 Total lease cost $ 465 $ 345 $ 928 $ 684 Weighted-average remaining lease term Operating leases 12.6 years 13.1 years 12.6 years 13.1 years Finance leases 15.0 years 15.3 years 15.0 years 15.3 years Weighted-average discount rate Operating leases 3.1 % 3.5 % 3.1 % 3.5 % Finance leases 3.1 % 3.2 % 3.1 % 3.2 % The following is a schedule, by years, of maturities of lease liabilities as of June 30, 2020 (in millions): Operating Leases Finance Leases The remainder of 2020 $ 528 $ 38 2021 1,315 49 2022 1,254 39 2023 1,174 37 2024 1,099 37 Thereafter 7,932 389 Total undiscounted cash flows 13,302 589 Less: Imputed interest (2,770 ) (117 ) Present value of lease liabilities $ 10,532 $ 472 Lease liabilities, current $ 899 $ 48 Lease liabilities, non-current 9,633 424 Present value of lease liabilities $ 10,532 $ 472 The table above does not include lease payments that were not fixed at commencement or modification. As of June 30, 2020 , we have additional operating and finance leases for facilities and network equipment that have not yet commenced with lease obligations of approximately $4.91 billion and $364 million , respectively. These operating and finance leases will commence between the remainder of 2020 and 2023 with lease terms of greater than one year to 25 years. Subsequent to June 30, 2020, we entered into an approximately $1.0 billion non-cancelable lease agreement for a data center. Supplemental cash flow information related to leases are as follows (in millions): Six Months Ended June 30, 2020 2019 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 572 $ 388 Operating cash flows from finance leases $ 7 $ 5 Financing cash flows from finance leases $ 209 $ 267 Lease liabilities arising from obtaining right-of-use assets: Operating leases $ 689 $ 2,203 Finance leases $ 33 $ 75

Goodwill and Intangible Assets

Goodwill and Intangible Assets	6 Months Ended
	Jun. 30, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets	Goodwill and Intangible Assets During the six months ended June 30, 2020 , we completed several business acquisitions that were not material to our condensed consolidated financial statements, either individually or in the aggregate. Accordingly, pro forma historical results of operations related to these business acquisitions during the six months ended June 30, 2020 have not been presented. We have included the financial results of these business acquisitions in our condensed consolidated financial statements from their respective dates of acquisition. The changes in the carrying amount of goodwill for the six months ended June 30, 2020 are as follows (in millions): Balance as of December 31, 2019 $ 18,715 Goodwill acquired 314 Balance as of June 30, 2020 $ 19,029 The following table sets forth the major categories of the intangible assets and the weighted‑average remaining useful lives for those assets that are not already fully amortized (in millions): June 30, 2020 December 31, 2019 Weighted-Average Remaining Useful Lives (in years) Gross Carrying Amount Accumulated Amortization Net Carrying Amount Gross Carrying Amount Accumulated Amortization Net Carrying Amount Acquired users 1.3 $ 2,056 $ (1,694 ) $ 362 $ 2,056 $ (1,550 ) $ 506 Acquired technology 3.1 1,288 (1,032 ) 256 1,158 (986 ) 172 Acquired patents 4.3 805 (652 ) 153 805 (625 ) 180 Trade names 1.7 638 (614 ) 24 635 (604 ) 31 Other 3.7 223 (159 ) 64 162 (157 ) 5 Total intangible assets $ 5,010 $ (4,151 ) $ 859 $ 4,816 $ (3,922 ) $ 894 Amortization expense of intangible assets was $118 million and $229 million for the three and six months ended June 30, 2020 , respectively, and $156 million and $312 million for the three and six months ended June 30, 2019 , respectively. As of June 30, 2020 , expected amortization expense for the unamortized acquired intangible assets for the next five years and thereafter is as follows (in millions): The remainder of 2020 $ 242 2021 386 2022 120 2023 52 2024 28 Thereafter 31 Total $ 859

Long-term Debt

Long-term Debt	6 Months Ended
	Jun. 30, 2020
Debt Disclosure [Abstract]
Long-term Debt	Long-term Debt In May 2016, we entered into a $2.0 billion senior unsecured revolving credit facility, and any amounts outstanding under this facility will be due and payable on May 20, 2021. As of June 30, 2020 , no amounts had been drawn down, and we were in compliance with the covenants under this facility.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2020
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Guarantee In 2018, we established a multi-currency notional cash pool for certain of our entities with a third-party bank provider. Actual cash balances are not physically converted and are not commingled between participating legal entities. As part of the notional cash pool agreement, the bank extends overdraft credit to our participating entities as needed, provided that the overall notionally pooled balance of all accounts in the pool at the end of each day is at least zero. In the unlikely event of a default by our collective entities participating in the pool, any overdraft balances incurred would be guaranteed by Facebook, Inc. Other contractual commitments We also have $8.30 billion of non-cancelable contractual commitments as of June 30, 2020 , which are mostly related to our investments in network infrastructure, content acquisitions, consumer hardware, and data center operations. These commitments are primarily due within five years . Legal Matters Beginning on March 20, 2018, multiple putative class actions and derivative actions were filed in state and federal courts in the United States and elsewhere against us and certain of our directors and officers alleging violations of securities laws, breach of fiduciary duties, and other causes of action in connection with our platform and user data practices as well as the misuse of certain data by a developer that shared such data with third parties in violation of our terms and policies, and seeking unspecified damages and injunctive relief. Beginning on July 27, 2018, two putative class actions were filed in federal court in the United States against us and certain of our directors and officers alleging violations of securities laws in connection with the disclosure of our earnings results for the second quarter of 2018 and seeking unspecified damages. These two actions subsequently were transferred and consolidated in the U.S. District Court for the Northern District of California with the putative securities class action described above relating to our platform and user data practices. On September 25, 2019, the district court granted our motion to dismiss the consolidated putative securities class action, with leave to amend. On November 15, 2019, an amended complaint was filed in the consolidated putative securities class action. We believe these lawsuits are without merit, and we are vigorously defending them. In addition, our platform and user data practices, as well as the events surrounding the misuse of certain data by a developer, became the subject of U.S. Federal Trade Commission (FTC), state attorneys general, and other government inquiries in the United States, Europe, and other jurisdictions. In July 2019, we entered into a settlement and modified consent order to resolve the FTC inquiry, which was approved by the federal court and took effect in April 2020. Among other matters, our settlement with the FTC required us to pay a penalty of $5.0 billion which was paid in April 2020 upon the effectiveness of the modified consent order. On April 1, 2015, a putative class action was filed against us in the U.S. District Court for the Northern District of California by Facebook users alleging that the "tag suggestions" facial recognition feature violates the Illinois Biometric Information Privacy Act, and seeking statutory damages and injunctive relief. On April 16, 2018, the district court certified a class of Illinois residents, and on May 14, 2018, the district court denied both parties' motions for summary judgment. On May 29, 2018, the U.S. Court of Appeals for the Ninth Circuit granted our petition for review of the class certification order and stayed the proceeding. On August 8, 2019, the Ninth Circuit affirmed the class certification order. On December 2, 2019, we filed a petition with the U.S. Supreme Court seeking review of the decision of the Ninth Circuit, which was denied. On January 15, 2020, the parties agreed to a settlement in principle to resolve the lawsuit, which provided for a payment of $550 million by us and was subject to court approval. On or about May 8, 2020, the parties executed a formal settlement agreement, and plaintiffs filed a motion for preliminary approval of the settlement by the district court. On June 4, 2020, the district court denied the plaintiffs' motion without prejudice. On July 22, 2020, the parties executed an amended settlement agreement, which, among other terms, provides for a payment of $650 million by us. The settlement is subject to court approval. The settlement amount is reflected in accrued expenses and other current liabilities on our condensed consolidated balance sheet as of June 30, 2020. Beginning on September 28, 2018, multiple putative class actions were filed in state and federal courts in the United States and elsewhere against us alleging violations of consumer protection laws and other causes of action in connection with a third-party cyber-attack that exploited a vulnerability in Facebook's code to steal user access tokens and access certain profile information from user accounts on Facebook, and seeking unspecified damages and injunctive relief. The actions filed in the United States were consolidated in the U.S. District Court for the Northern District of California. On November 26, 2019, the district court certified a class for injunctive relief purposes, but denied certification of a class for purposes of pursuing damages. On January 16, 2020, the parties agreed to a settlement in principle to resolve the lawsuit. We believe the remaining lawsuits are without merit, and we are vigorously defending them. In addition, the events surrounding this cyber-attack became the subject of Irish Data Protection Commission (IDPC) and other government inquiries. From time to time we also notify the IDPC, our designated European privacy regulator under the General Data Protection Regulation, of certain other personal data breaches and privacy issues, and are subject to inquiries and investigations regarding various aspects of our regulatory compliance. Although we are vigorously defending our regulatory compliance, we believe there is a reasonable possibility that the ultimate potential loss related to the inquiries and investigations by the IDPC could be material in the aggregate. In addition, from time to time, we are subject to litigation and other proceedings involving law enforcement and other regulatory agencies, including in particular in Brazil and Europe, in order to ascertain the precise scope of our legal obligations to comply with the requests of those agencies, including our obligation to disclose user information in particular circumstances. A number of such instances have resulted in the assessment of fines and penalties against us. We believe we have multiple legal grounds to satisfy these requests or prevail against associated fines and penalties, and we intend to vigorously defend such fines and penalties. With respect to the cases, actions, and inquiries described above, we evaluate the associated developments on a regular basis and accrue a liability when we believe a loss is probable and the amount can be reasonably estimated. In addition, we believe there is a reasonable possibility that we may incur a loss in some of these matters. With respect to the matters described above that do not include an estimate of the amount of loss or range of possible loss, such losses or range of possible losses either cannot be estimated or are not individually material, but we believe there is a reasonable possibility that they may be material in the aggregate. We are also party to various other legal proceedings, claims, and regulatory, tax or government inquiries and investigations that arise in the ordinary course of business. Additionally, we are required to comply with various legal and regulatory obligations around the world. The requirements for complying with these obligations may be uncertain and subject to interpretation and enforcement by regulatory and other authorities, and any failure to comply with such obligations could eventually lead to asserted legal or regulatory action. With respect to these other matters, asserted and unasserted, we evaluate the associated developments on a regular basis and accrue a liability when we believe a loss is probable and the amount can be reasonably estimated. In addition, we believe there is a reasonable possibility that we may incur a loss in some of these other matters. We believe that the amount of losses or any estimable range of possible losses with respect to these other matters will not, either individually or in the aggregate, have a material adverse effect on our business and condensed consolidated financial statements. The ultimate outcome of the legal matters described in this section, such as whether the likelihood of loss is remote, reasonably possible, or probable, or if and when the reasonably possible range of loss is estimable, is inherently uncertain. Therefore, if one or more of these matters were resolved against us for amounts in excess of management's estimates of loss, our results of operations and financial condition, including in a particular reporting period in which any such outcome becomes probable and estimable, could be materially adversely affected. For information regarding income tax contingencies, see Note 12 — Income Taxes.

Stockholders' Equity

Stockholders' Equity	6 Months Ended
	Jun. 30, 2020
Equity [Abstract]
Stockholders' Equity	Stockholders' Equity Share Repurchase Program Our board of directors has authorized a share repurchase program of our Class A common stock, which does not have an expiration date. As of December 31, 2019, $4.90 billion remained available and authorized for repurchases. In January 2020, an additional $10.0 billion of repurchases was authorized under this program. During the six months ended June 30, 2020 , we repurchased and subsequently retired 13 million shares of our Class A common stock for an aggregate amount of $2.62 billion . As of June 30, 2020 , $12.28 billion remained available and authorized for repurchases. The timing and actual number of shares repurchased under the repurchase program depend on a variety of factors, including price, general business and market conditions, and other investment opportunities, and shares may be repurchased through open market purchases or privately negotiated transactions, including through the use of trading plans intended to qualify under Rule 10b5-1 under the Securities Exchange Act of 1934, as amended. Share-based Compensation Plans We maintain two share-based employee compensation plans: the 2012 Equity Incentive Plan, which was amended in each of June 2016 and February 2018 (Amended 2012 Plan), and the 2005 Stock Plan (collectively, Stock Plans). Our Amended 2012 Plan serves as the successor to our 2005 Stock Plan and provides for the issuance of incentive and nonstatutory stock options, restricted stock awards, stock appreciation rights, RSUs, performance shares, and stock bonuses to qualified employees, directors and consultants. Outstanding awards under the 2005 Stock Plan continue to be subject to the terms and conditions of the 2005 Stock Plan. Shares that are withheld in connection with the net settlement of RSUs or forfeited under our Stock Plans are added to the reserves of the Amended 2012 Plan. We account for forfeitures as they occur. Share-based compensation expense consists of our RSU expense. RSUs granted to employees are measured based on the grant-date fair value. In general, our RSUs vest over a service period of four years . Share-based compensation expense is generally recognized based on the straight-line basis over the requisite service period. Effective January 1, 2020, there were 171 million shares of our Class A common stock reserved for future issuance under our Amended 2012 Plan. The number of shares reserved for issuance under our Amended 2012 Plan increases automatically on January 1 of each of the calendar years during the term of the Amended 2012 Plan, which will continue through April 2026 , by a number of shares of Class A common stock equal to the lesser of (i) 2.5% of the total issued and outstanding shares of our Class A common stock as of the immediately preceding December 31st or (ii) a number of shares determined by our board of directors. The following table summarizes the activities for our unvested RSUs for the six months ended June 30, 2020 : Unvested RSUs Number of Shares Weighted-Average Grant Date Fair Value (in thousands) Unvested at December 31, 2019 78,851 $ 165.74 Granted 48,395 $ 168.66 Vested (18,256 ) $ 158.09 Forfeited (2,733 ) $ 161.28 Unvested at June 30, 2020 106,257 $ 168.49 The fair value as of the respective vesting dates of RSUs that vested during the three and six months ended June 30, 2020 was $2.04 billion and $3.84 billion , respectively, and $1.58 billion and $2.89 billion during the three and six months ended June 30, 2019 , respectively. As of June 30, 2020 , there was $16.90 billion of unrecognized share-based compensation expense related to RSUs awards. This unrecognized compensation expense is expected to be recognized over a weighted-average period of approximately three years based on vesting under the award service conditions.

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2020
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes Our tax provision for interim periods is determined using an estimated annual effective tax rate, adjusted for discrete items arising in that quarter. In each quarter, we update the estimated annual effective tax rate and make a year-to-date adjustment to the provision. The estimated annual effective tax rate is subject to significant volatility due to several factors, including our ability to accurately predict the proportion of our income (loss) before provision for income taxes in multiple jurisdictions, the U.S. tax benefits from foreign derived intangible income, the effects of acquisitions, and the integration of those acquisitions. Our gross unrecognized tax benefits were $8.06 billion and $7.86 billion on June 30, 2020 and December 31, 2019 , respectively. If the gross unrecognized tax benefits as of June 30, 2020 were realized in a subsequent period, this would result in a tax benefit of $4.17 billion within our provision of income taxes at such time. The amount of interest and penalties accrued was $774 million and $747 million as of June 30, 2020 and December 31, 2019 , respectively. We expect to continue to accrue unrecognized tax benefits for certain recurring tax positions. On July 27, 2015, the United States Tax Court issued a decision (Tax Court Decision) in Altera Corp. v. Commissioner , which concluded that related parties in a cost sharing arrangement are not required to share expenses related to share-based compensation. The Tax Court Decision was appealed by the Commissioner to the Ninth Circuit Court of Appeals (Ninth Circuit). On June 7, 2019, the Ninth Circuit issued an opinion ( Altera Ninth Circuit Opinion) that reversed the Tax Court Decision. Based on the Altera Ninth Circuit Opinion, we recorded a cumulative income tax expense of $1.11 billion in the second quarter of 2019. On July 22, 2019, the taxpayer requested a rehearing before the full Ninth Circuit and the request was denied on November 12, 2019. The taxpayer requested a hearing before the Supreme Court of the United States and the request was denied on June 22, 2020. Since we started to accrue income tax for stock-based compensation cost-sharing in the second quarter of 2019, the denial of the request by the Supreme Court did not have a material impact to our financial results in the second quarter of 2020. We are subject to taxation in the United States and various other state and foreign jurisdictions. The material jurisdictions in which we are subject to potential examination include the United States and Ireland. We are under examination by the Internal Revenue Service (IRS) for our 2014 through 2016 tax years and by the Ireland tax authorities for our 2012 through 2018 tax years. Our 2017 and subsequent tax years remain open to examination by the IRS. Our 2019 and subsequent tax years remain open to examination in Ireland. In July 2016, we received a Statutory Notice of Deficiency (Notice) from the IRS related to transfer pricing with our foreign subsidiaries in conjunction with the examination of the 2010 tax year. While the Notice applies only to the 2010 tax year, the IRS stated that it will also apply its position for tax years subsequent to 2010. We do not agree with the position of the IRS and have filed a petition in the Tax Court challenging the Notice. On January 15, 2020, the IRS filed its Pretrial Memorandum in the case stating that it planned to assert at trial an adjustment that is higher than the adjustment stated in the Notice. The first session of the trial began in February 2020 and a second session is expected to continue in 2021. It is not clear how the IRS intends to apply the revised adjustment to future years. Based on the information provided, we believe that, if the IRS prevails in its updated position, this could result in an additional federal tax liability of an estimated, aggregate amount of up to approximately $9.0 billion in excess of the amounts in our originally filed U.S. return, plus interest and any penalties asserted. In March 2018, we received a second Notice from the IRS in conjunction with the examination of our 2011 through 2013 tax years. The IRS applied its position from the 2010 tax year to each of these years and also proposed new adjustments related to other transfer pricing with our foreign subsidiaries and certain tax credits that we claimed. If the IRS prevails in its position for these new adjustments, this could result in an additional federal tax liability of up to approximately $680 million in excess of the amounts in our originally filed U.S. returns, plus interest and any penalties asserted. We do not agree with the positions of the IRS in the second Notice and have filed a petition in the Tax Court challenging the second Notice. We have previously accrued an estimated unrecognized tax benefit consistent with the guidance in ASC 740, Income Taxes , that is lower than the potential additional federal tax liability from the positions taken by the IRS in the two Notices and its Pretrial Memorandum. In addition, if the IRS prevails in its positions related to transfer pricing with our foreign subsidiaries, the additional tax that we would owe would be partially offset by a reduction in the tax that we owe under the mandatory transition tax on accumulated foreign earnings from the 2017 Tax Cuts and Jobs Act (Tax Act). As of June 30, 2020 , we have not resolved these matters and proceedings continue in the Tax Court. We believe that adequate amounts have been reserved in accordance with ASC 740 for any adjustments to the provision for income taxes or other tax items that may ultimately result from these examinations. The timing of the resolution, settlement, and closure of any audits is highly uncertain, and it is reasonably possible that the balance of gross unrecognized tax benefits could significantly change in the next 12 months. Given the number of years remaining that are subject to examination, we are unable to estimate the full range of possible adjustments to the balance of gross unrecognized tax benefits. If the taxing authorities prevail in the assessment of additional tax due, the assessed tax, interest, and penalties, if any, could have a material adverse impact on our financial position, results of operations, and cash flows.

Geographical Information

Geographical Information	6 Months Ended
	Jun. 30, 2020
Segments, Geographical Areas [Abstract]
Geographical Information	Geographical Information The following table sets forth our long-lived assets by geographic area, which consist of property and equipment, net and operating lease right-of-use assets, net (in millions): June 30, 2020 December 31, 2019 United States $ 38,706 $ 35,858 Rest of the world (1) 9,729 8,925 Total long-lived assets $ 48,435 $ 44,783 ____________________________________ (1) No individual country, other than disclosed above, exceeded 10% of our total long-lived assets for any period presented.

Subsequent Event

Subsequent Event	6 Months Ended
	Jun. 30, 2020
Subsequent Events [Abstract]
Subsequent Event	Subsequent Event On April 21, 2020, we entered into a definitive agreement to invest in Jio Platforms Limited, a subsidiary of Reliance Industries Limited. The transaction closed on July 7, 2020, and we paid approximately $5.8 billion at the then‑current exchange rate. We elected to use the measurement alternative for this equity investment without a readily determinable fair value, which requires the investment to be held at cost and adjusted for impairment and to fair value for observable transactions for identical or similar investments of the same issuer.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2020
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States (GAAP) and applicable rules and regulations of the Securities and Exchange Commission (SEC) regarding interim financial reporting. Certain information and note disclosures normally included in the financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to such rules and regulations. As such, the information included in this quarterly report on Form 10-Q should be read in conjunction with the consolidated financial statements and accompanying notes included in our Annual Report on Form 10-K for the year ended December 31, 2019 . The condensed consolidated balance sheet as of December 31, 2019 included herein was derived from the audited financial statements as of that date, but does not include all disclosures including notes required by GAAP. The condensed consolidated financial statements include the accounts of Facebook, Inc., subsidiaries where we have controlling financial interests, and any variable interest entities for which we are deemed to be the primary beneficiary. All intercompany balances and transactions have been eliminated. The accompanying condensed consolidated financial statements reflect all normal recurring adjustments that are necessary to present fairly the results for the interim periods presented. Interim results are not necessarily indicative of the results for the full year ending December 31, 2020 .
Reclassifications	Reclassifications Certain prior year amounts on the condensed consolidated statements of cash flow have been reclassified to conform to the current year presentation. A reclassification was made to net the changes in operating lease right-of use assets with operating lease liabilities. This net change was not material and was included within the changes in other liabilities in cash flows from operating activities on the condensed consolidated statement of cash flow for the six months ended June 30, 2019 . This change does not affect previously reported cash flows from operating activities in the condensed consolidated statements of cash flows. This reclassification had no effect on our other condensed consolidated financial statements for the periods ended June 30, 2020 and 2019.
Use of Estimates	Use of Estimates Conformity with GAAP requires the use of estimates and judgments that affect the reported amounts in the condensed consolidated financial statements and accompanying notes. These estimates form the basis for judgments we make about the carrying values of our assets and liabilities, which are not readily apparent from other sources. We base our estimates and judgments on historical information and on various other assumptions that we believe are reasonable under the circumstances. GAAP requires us to make estimates and judgments in several areas, including, but not limited to, those related to income taxes, loss contingencies, fair value of acquired intangible assets and goodwill, collectibility of accounts receivable, fair value of financial instruments, credit losses of available-for-sale (AFS) debt securities, leases, useful lives of intangible assets and property and equipment, and revenue recognition. These estimates are based on management's knowledge about current events and expectations about actions we may undertake in the future. Actual results could differ materially from those estimates. The COVID-19 pandemic has created and may continue to create significant uncertainty in macroeconomic conditions, which may cause further business slowdowns or shutdowns, depress demand for our advertising business, and adversely impact our results of operations. During the three and six months ended June 30, 2020 , we faced increasing uncertainties around our estimates of revenue collectibility and accounts receivable credit losses. We expect uncertainties around our key accounting estimates to continue to evolve depending on the duration and degree of impact associated with the COVID-19 pandemic . Our estimates may change as new events occur and additional information emerges, and such changes are recognized or disclosed in our condensed consolidated financial statements.
Recently Adopted Accounting Pronouncements and Accounting Pronouncements Not Yet Adopted	Recently Adopted Accounting Pronouncements Fair Value Measurements On January 1, 2020, we adopted Accounting Standards Update No. 2018-13, Changes to Disclosure Requirements for Fair Value Measurements (Topic 820) , which improved the effectiveness of disclosure requirements for recurring and nonrecurring fair value measurements. The standard removes, modifies, and adds certain disclosure requirements. The adoption of this new standard did not have a material impact on our condensed consolidated financial statements. Credit Losses On January 1, 2020, we adopted Accounting Standards Update No. 2016-13, Financial Instruments-Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments , using the modified retrospective transition method. Upon adoption, we changed our impairment model to utilize a forward-looking current expected credit losses (CECL) model in place of the incurred loss methodology for financial instruments measured at amortized cost, including our accounts receivable. In addition, we modified our impairment model to the CECL model for AFS debt securities and discontinued using the concept of "other than temporary" impairment on AFS debt securities. CECL estimates on accounts receivable are recorded as general and administrative expenses on our condensed consolidated statements of income. CECL estimates on AFS debt securities are recognized in interest and other income (expense), net on our condensed consolidated statements of income. The cumulative effect adjustment from adoption was immaterial to our condensed consolidated financial statements. We continue to monitor the financial implications of the COVID-19 pandemic on expected credit losses. Accounting Pronouncements Not Yet Adopted In December 2019, the Financial Accounting Standards Board (FASB) issued Accounting Standard Update No. 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes (ASU 2019-12), which simplifies the accounting for income taxes. This guidance will be effective for us in the first quarter of 2021 on a prospective basis, with early adoption permitted. We will adopt the new standard effective January 1, 2021 and do not expect the adoption of this guidance to have a material impact on our consolidated financial statements. In January 2020, the FASB issued Accounting Standards Update No. 2020-01, Investments—Equity Securities (Topic 321), Investments—Equity Method and Joint Ventures (Topic 323), and Derivatives and Hedging (Topic 815) (ASU 2020-01), which clarifies the interaction of the accounting for equity securities under Topic 321, the accounting for equity method investments in Topic 323, and the accounting for certain forward contracts and purchased options in Topic 815. This guidance will be effective for us in the first quarter of 2021 on a prospective basis, with early adoption permitted. We are currently evaluating the impact of the new guidance, but based upon our current portfolio of investments, we do not expect the adoption of this guidance to have a material impact on our consolidated financial statements.
Cash and Cash Equivalents and Marketable Securities	Cash and Cash Equivalents and Marketable Securities Cash and cash equivalents consist of cash on deposit with banks and highly liquid investments with maturities of 90 days or less from the date of purchase. We hold investments in marketable securities, consisting of U.S. government securities, U.S. government agency securities, and investment grade corporate debt securities. We classify our marketable securities as AFS investments in our current assets because they represent investments of cash available for current operations. Our AFS investments are carried at estimated fair value with any unrealized gains and losses, net of taxes, included in accumulated other comprehensive income (loss) in stockholders' equity. AFS debt securities with an amortized cost basis in excess of estimated fair value are assessed to determine what amount of that difference, if any, is caused by expected credit losses. Expected credit losses on AFS debt securities are recognized in interest and other income (expense), net on our condensed consolidated statements of income, and any remaining unrealized losses, net of taxes, are included in accumulated other comprehensive income (loss) in stockholders' equity. The amount of credit losses recorded for the three and six months ended June 30, 2020 was not material. We have not recorded any impairment charge for unrealized losses in the periods presented. We determine realized gains or losses on sale of marketable securities on a specific identification method, and record such gains or losses as interest and other income (expense), net.
Accounts Receivable and Allowances	Accounts Receivable and Allowances
Credit Risk and Concentration	Credit Risk and Concentration Our financial instruments that are potentially subject to concentrations of credit risk consist primarily of cash, cash equivalents, restricted cash, marketable securities, and accounts receivable. The majority of cash equivalents consists of money market funds that primarily invest in U.S. government and agency securities. Marketable securities consist of investments in U.S. government securities, U.S. government agency securities, and investment grade corporate debt securities. Our investment portfolio in corporate debt securities is highly liquid and diversified among individual issuers. AFS debt securities with an amortized cost basis in excess of estimated fair value are assessed using the CECL model to determine what amount of that difference, if any, is caused by expected credit losses. Expected credit losses on AFS debt securities are recognized in interest and other income (expense), net on our condensed consolidated statements of income and were not material for the three and six months ended June 30, 2020 . Accounts receivable are typically unsecured and are derived from revenue earned from customers across different industries and countries. We generated 42% of our revenue for the three and six months ended June 30, 2020 and 2019 from marketers and developers based in the United States, with the majority of revenue outside of the United States coming from customers located in western Europe, China, Canada, Vietnam, Japan, Australia and Brazil. We perform ongoing credit evaluations of our customers and generally do not require collateral. We maintain an allowance for estimated credit losses. Bad debt expense was immaterial during the three and six months ended June 30, 2020 and 2019 . In the event that accounts receivable collection cycles deteriorate, our operating results and financial position could be adversely affected.
Earnings Per Share	We compute earnings per share (EPS) of Class A and Class B common stock using the two-class method. Basic EPS is computed by dividing net income by the weighted-average number of shares of our Class A and Class B common stock outstanding. For the calculation of diluted EPS, net income for basic EPS is adjusted by the effect of dilutive securities under our equity compensation plans. In addition, the computation of the diluted EPS of Class A common stock assumes the conversion of our Class B common stock to Class A common stock, while the diluted EPS of Class B common stock does not assume the conversion of those shares to Class A common stock. Diluted EPS attributable to common stockholders is computed by dividing the resulting net income by the weighted-average number of fully diluted common shares outstanding.

Revenue (Tables)

Revenue (Tables)	6 Months Ended
	Jun. 30, 2020
Revenue from Contract with Customer [Abstract]
Disaggregation of Revenue	Revenue disaggregated by revenue source consists of the following (in millions): Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 Advertising $ 18,321 $ 16,624 $ 35,760 $ 31,536 Other revenue 366 262 663 427 Total revenue $ 18,687 $ 16,886 $ 36,423 $ 31,963 Revenue disaggregated by geography, based on the addresses of our customers, consists of the following (in millions): Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 United States and Canada (1) $ 8,292 $ 7,632 $ 16,304 $ 14,409 Europe (2) 4,249 4,097 8,398 7,721 Asia-Pacific 4,611 3,628 8,582 6,965 Rest of World (2) 1,535 1,529 3,139 2,868 Total revenue $ 18,687 $ 16,886 $ 36,423 $ 31,963 ____________________________________ (1) United States revenue was $7.83 billion and $7.14 billion for the three months ended June 30, 2020 and 2019 , respectively, and $15.38 billion and $13.51 billion for the six months ended June 30, 2020 and 2019 , respectively. (2) Europe includes Russia and Turkey, and Rest of World includes Africa, Latin America, and the Middle East.
Deferred Revenue and Deposits	Deferred revenue and deposits consists of the following (in millions): June 30, 2020 December 31, 2019 Deferred revenue $ 222 $ 234 Deposits 42 35 Total deferred revenue and deposits $ 264 $ 269

Earnings per Share (Tables)

Earnings per Share (Tables)	6 Months Ended
	Jun. 30, 2020
Earnings Per Share [Abstract]
Numerators and Denominators of Basic and Diluted EPS Computations for Common Stock	The numerators and denominators of the basic and diluted EPS computations for our common stock are calculated as follows (in millions, except per share amounts): Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 Class A Class B Class A Class B Class A Class B Class A Class B Basic EPS: Numerator Net income $ 4,371 $ 807 $ 2,204 $ 412 $ 8,509 $ 1,572 $ 4,241 $ 804 Denominator Weighted-average shares outstanding 2,406 444 2,405 450 2,407 444 2,400 455 Basic EPS $ 1.82 $ 1.82 $ 0.92 $ 0.92 $ 3.54 $ 3.54 $ 1.77 $ 1.77 Diluted EPS: Numerator Net income $ 4,371 $ 807 $ 2,204 $ 412 $ 8,509 $ 1,572 $ 4,241 $ 804 Reallocation of net income as a result of conversion of Class B to Class A common stock 807 — 412 — 1,572 — 804 — Reallocation of net income to Class B common stock — (8 ) — (2 ) — (13 ) — (3 ) Net income for diluted EPS $ 5,178 $ 799 $ 2,616 $ 410 $ 10,081 $ 1,559 $ 5,045 $ 801 Denominator Number of shares used for basic EPS computation 2,406 444 2,405 450 2,407 444 2,400 455 Conversion of Class B to Class A common stock 444 — 450 — 444 — 455 — Weighted-average effect of dilutive RSUs and employee stock options 29 — 20 — 25 — 18 1 Number of shares used for diluted EPS computation 2,879 444 2,875 450 2,876 444 2,873 456 Diluted EPS $ 1.80 $ 1.80 $ 0.91 $ 0.91 $ 3.51 $ 3.51 $ 1.76 $ 1.76

Cash and Cash Equivalents, an_2

Cash and Cash Equivalents, and Marketable Securities (Tables)	6 Months Ended
	Jun. 30, 2020
Cash and Cash Equivalents and Marketable Securities [Abstract]
Cash and Cash Equivalents, and Marketable Securities	The following table sets forth the cash and cash equivalents and marketable securities (in millions): June 30, 2020 December 31, 2019 Cash and cash equivalents: Cash $ 5,938 $ 4,735 Money market funds 14,734 12,787 U.S. government securities 178 815 U.S. government agency securities — 444 Certificate of deposits and time deposits 195 217 Corporate debt securities — 81 Total cash and cash equivalents 21,045 19,079 Marketable securities: U.S. government securities 19,263 18,679 U.S. government agency securities 7,517 6,712 Corporate debt securities 10,415 10,385 Total marketable securities 37,195 35,776 Total cash and cash equivalents and marketable securities $ 58,240 $ 54,855
Marketable Securities by Contractual Maturities	The following table classifies our marketable securities by contractual maturities (in millions): June 30, 2020 Due in one year $ 12,178 Due after one year to five years 25,017 Total $ 37,195

Fair Value Measurement (Tables)

Fair Value Measurement (Tables)	6 Months Ended
	Jun. 30, 2020
Fair Value Disclosures [Abstract]
Assets and Liabilities Measured at Fair Value	The following table summarizes our cash equivalents and marketable securities measured at fair value and the classification by level of input within the fair value hierarchy (in millions): Fair Value Measurement at Reporting Date Using Description June 30, 2020 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Cash equivalents: Money market funds $ 14,734 $ 14,734 $ — $ — U.S. government securities 178 178 — — Certificate of deposits and time deposits 195 — 195 — Marketable securities: U.S. government securities 19,263 19,263 — — U.S. government agency securities 7,517 7,517 — — Corporate debt securities 10,415 — 10,415 — Total cash equivalents and marketable securities $ 52,302 $ 41,692 $ 10,610 $ — Fair Value Measurement at Reporting Date Using Description December 31, 2019 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Cash equivalents: Money market funds $ 12,787 $ 12,787 $ — $ — U.S. government securities 815 815 — — U.S. government agency securities 444 444 — — Certificate of deposits and time deposits 217 — 217 — Corporate debt securities 81 — 81 — Marketable securities: U.S. government securities 18,679 18,679 — — U.S. government agency securities 6,712 6,712 — — Corporate debt securities 10,385 — 10,385 — Total cash equivalents and marketable securities $ 50,120 $ 39,437 $ 10,683 $ —

Property and Equipment (Tables)

Property and Equipment (Tables)	6 Months Ended
	Jun. 30, 2020
Property, Plant and Equipment [Abstract]
Property and Equipment	Property and equipment, net consists of the following (in millions): June 30, 2020 December 31, 2019 Land $ 1,209 $ 1,097 Buildings 13,359 11,226 Leasehold improvements 3,423 3,112 Network equipment 19,047 17,004 Computer software, office equipment and other 2,018 1,813 Finance lease right-of-use assets 1,756 1,635 Construction in progress 11,276 10,099 Total 52,088 45,986 Less: Accumulated depreciation (13,082 ) (10,663 ) Property and equipment, net $ 39,006 $ 35,323

Leases (Tables)

Leases (Tables)	6 Months Ended
	Jun. 30, 2020
Leases [Abstract]
Components of Lease Costs	The components of lease costs, lease term and discount rate are as follows (in millions): Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 Finance lease cost Amortization of right-of-use assets $ 60 $ 47 $ 120 $ 89 Interest 4 3 7 5 Operating lease cost 344 274 684 520 Variable lease cost and other, net 57 21 117 70 Total lease cost $ 465 $ 345 $ 928 $ 684 Weighted-average remaining lease term Operating leases 12.6 years 13.1 years 12.6 years 13.1 years Finance leases 15.0 years 15.3 years 15.0 years 15.3 years Weighted-average discount rate Operating leases 3.1 % 3.5 % 3.1 % 3.5 % Finance leases 3.1 % 3.2 % 3.1 % 3.2 % Supplemental cash flow information related to leases are as follows (in millions): Six Months Ended June 30, 2020 2019 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 572 $ 388 Operating cash flows from finance leases $ 7 $ 5 Financing cash flows from finance leases $ 209 $ 267 Lease liabilities arising from obtaining right-of-use assets: Operating leases $ 689 $ 2,203 Finance leases $ 33 $ 75
Finance Lease, Liability, Maturity	The following is a schedule, by years, of maturities of lease liabilities as of June 30, 2020 (in millions): Operating Leases Finance Leases The remainder of 2020 $ 528 $ 38 2021 1,315 49 2022 1,254 39 2023 1,174 37 2024 1,099 37 Thereafter 7,932 389 Total undiscounted cash flows 13,302 589 Less: Imputed interest (2,770 ) (117 ) Present value of lease liabilities $ 10,532 $ 472 Lease liabilities, current $ 899 $ 48 Lease liabilities, non-current 9,633 424 Present value of lease liabilities $ 10,532 $ 472
Operating Lease, Liability, Maturity	The following is a schedule, by years, of maturities of lease liabilities as of June 30, 2020 (in millions): Operating Leases Finance Leases The remainder of 2020 $ 528 $ 38 2021 1,315 49 2022 1,254 39 2023 1,174 37 2024 1,099 37 Thereafter 7,932 389 Total undiscounted cash flows 13,302 589 Less: Imputed interest (2,770 ) (117 ) Present value of lease liabilities $ 10,532 $ 472 Lease liabilities, current $ 899 $ 48 Lease liabilities, non-current 9,633 424 Present value of lease liabilities $ 10,532 $ 472

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	6 Months Ended
	Jun. 30, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Changes in Carrying Amount of Goodwill	The changes in the carrying amount of goodwill for the six months ended June 30, 2020 are as follows (in millions): Balance as of December 31, 2019 $ 18,715 Goodwill acquired 314 Balance as of June 30, 2020 $ 19,029
Schedule of Intangible Assets	The following table sets forth the major categories of the intangible assets and the weighted‑average remaining useful lives for those assets that are not already fully amortized (in millions): June 30, 2020 December 31, 2019 Weighted-Average Remaining Useful Lives (in years) Gross Carrying Amount Accumulated Amortization Net Carrying Amount Gross Carrying Amount Accumulated Amortization Net Carrying Amount Acquired users 1.3 $ 2,056 $ (1,694 ) $ 362 $ 2,056 $ (1,550 ) $ 506 Acquired technology 3.1 1,288 (1,032 ) 256 1,158 (986 ) 172 Acquired patents 4.3 805 (652 ) 153 805 (625 ) 180 Trade names 1.7 638 (614 ) 24 635 (604 ) 31 Other 3.7 223 (159 ) 64 162 (157 ) 5 Total intangible assets $ 5,010 $ (4,151 ) $ 859 $ 4,816 $ (3,922 ) $ 894
Expected Amortization Expense for Unamortized Acquired Intangible Assets	As of June 30, 2020 , expected amortization expense for the unamortized acquired intangible assets for the next five years and thereafter is as follows (in millions): The remainder of 2020 $ 242 2021 386 2022 120 2023 52 2024 28 Thereafter 31 Total $ 859

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	6 Months Ended
	Jun. 30, 2020
Equity [Abstract]
Restricted Stock Units Award Activity	The following table summarizes the activities for our unvested RSUs for the six months ended June 30, 2020 : Unvested RSUs Number of Shares Weighted-Average Grant Date Fair Value (in thousands) Unvested at December 31, 2019 78,851 $ 165.74 Granted 48,395 $ 168.66 Vested (18,256 ) $ 158.09 Forfeited (2,733 ) $ 161.28 Unvested at June 30, 2020 106,257 $ 168.49

Geographical Information (Table

Geographical Information (Tables)	6 Months Ended
	Jun. 30, 2020
Segments, Geographical Areas [Abstract]
Revenue and Property and Equipment by Geographic Area	The following table sets forth our long-lived assets by geographic area, which consist of property and equipment, net and operating lease right-of-use assets, net (in millions): June 30, 2020 December 31, 2019 United States $ 38,706 $ 35,858 Rest of the world (1) 9,729 8,925 Total long-lived assets $ 48,435 $ 44,783 ____________________________________ (1) No individual country, other than disclosed above, exceeded 10% of our total long-lived assets for any period presented.

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Accounts receivable, net of allowances	$ 7,483		$ 7,483		$ 9,518
Accounts receivable, allowances for doubtful accounts	$ 365		$ 365		$ 206
United States | Revenue from Contract with Customer Benchmark | Geographic Concentration Risk
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Concentration risk percentage	42.00%	42.00%	42.00%	42.00%

Revenue Disaggregation of Reven

Revenue Disaggregation of Revenue (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Disaggregation of Revenue [Line Items]
Revenue	$ 18,687	$ 16,886	$ 36,423	$ 31,963
United States and Canada
Disaggregation of Revenue [Line Items]
Revenue	8,292	7,632	16,304	14,409
Europe
Disaggregation of Revenue [Line Items]
Revenue	4,249	4,097	8,398	7,721
Asia-Pacific
Disaggregation of Revenue [Line Items]
Revenue	4,611	3,628	8,582	6,965
Rest of World
Disaggregation of Revenue [Line Items]
Revenue	1,535	1,529	3,139	2,868
United States
Disaggregation of Revenue [Line Items]
Revenue	7,830	7,140	15,380	13,510
Advertising
Disaggregation of Revenue [Line Items]
Revenue	18,321	16,624	35,760	31,536
Other revenue
Disaggregation of Revenue [Line Items]
Revenue	$ 366	$ 262	$ 663	$ 427

Revenue Deferred Revenue and De

Revenue Deferred Revenue and Deposits (Details) - USD ($) $ in Millions	Jun. 30, 2020	Dec. 31, 2019
Revenue from Contract with Customer [Abstract]
Deferred revenue	$ 222	$ 234
Deposits	42	35
Total deferred revenue and deposits	$ 264	$ 269

Earnings per Share - Basic and

Earnings per Share - Basic and Diluted EPS (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Denominator
Number of shares used for basic EPS computation (in shares)	2,850	2,855	2,851	2,855
Basic EPS (in dollars per share)	$ 1.82	$ 0.92	$ 3.54	$ 1.77
Denominator
Number of shares used for diluted EPS computation (in shares)	2,879	2,875	2,876	2,873
Diluted EPS (in dollars per share)	$ 1.80	$ 0.91	$ 3.51	$ 1.76
Class A Common Stock
Numerator
Net income	$ 4,371	$ 2,204	$ 8,509	$ 4,241
Denominator
Number of shares used for basic EPS computation (in shares)	2,406	2,405	2,407	2,400
Basic EPS (in dollars per share)	$ 1.82	$ 0.92	$ 3.54	$ 1.77
Numerator
Net income	$ 4,371	$ 2,204	$ 8,509	$ 4,241
Reallocation of net income as a result of conversion of Class B to Class A common stock	807	412	1,572	804
Reallocation of net income to Class B common stock	0	0	0	0
Net income for diluted EPS	$ 5,178	$ 2,616	$ 10,081	$ 5,045
Denominator
Conversion of Class B to Class A common stock (in shares)	444	450	444	455
Weighted average effect of dilutive RSUs and employee stock options (in shares)	29	20	25	18
Number of shares used for diluted EPS computation (in shares)	2,879	2,875	2,876	2,873
Diluted EPS (in dollars per share)	$ 1.80	$ 0.91	$ 3.51	$ 1.76
Class B Common Stock
Numerator
Net income	$ 807	$ 412	$ 1,572	$ 804
Denominator
Number of shares used for basic EPS computation (in shares)	444	450	444	455
Basic EPS (in dollars per share)	$ 1.82	$ 0.92	$ 3.54	$ 1.77
Numerator
Net income	$ 807	$ 412	$ 1,572	$ 804
Reallocation of net income as a result of conversion of Class B to Class A common stock	0	0	0	0
Reallocation of net income to Class B common stock	(8)	(2)	(13)	(3)
Net income for diluted EPS	$ 799	$ 410	$ 1,559	$ 801
Denominator
Conversion of Class B to Class A common stock (in shares)	0	0	0	0
Weighted average effect of dilutive RSUs and employee stock options (in shares)	0	0	0	1
Number of shares used for diluted EPS computation (in shares)	444	450	444	456
Diluted EPS (in dollars per share)	$ 1.80	$ 0.91	$ 3.51	$ 1.76

Cash and Cash Equivalents, an_3

Cash and Cash Equivalents, and Marketable Securities - Breakout of Cash, Cash Equivalents and Marketable Securities (Details) - USD ($) $ in Millions	Jun. 30, 2020	Dec. 31, 2019	Jun. 30, 2019
Cash and Cash Equivalents, and Marketable Securities
Cash and cash equivalents	$ 21,045	$ 19,079	$ 13,877
Marketable securities	37,195	35,776
Total cash and cash equivalents and marketable securities	58,240	54,855
U.S. government securities
Cash and Cash Equivalents, and Marketable Securities
Marketable securities	19,263	18,679
U.S. government agency securities
Cash and Cash Equivalents, and Marketable Securities
Marketable securities	7,517	6,712
Corporate debt securities
Cash and Cash Equivalents, and Marketable Securities
Marketable securities	10,415	10,385
Cash
Cash and Cash Equivalents, and Marketable Securities
Cash and cash equivalents	5,938	4,735
Money market funds
Cash and Cash Equivalents, and Marketable Securities
Cash and cash equivalents	14,734	12,787
U.S. government securities
Cash and Cash Equivalents, and Marketable Securities
Cash and cash equivalents	178	815
U.S. government agency securities
Cash and Cash Equivalents, and Marketable Securities
Cash and cash equivalents	0	444
Certificate of deposits and time deposits
Cash and Cash Equivalents, and Marketable Securities
Cash and cash equivalents	195	217
Corporate debt securities
Cash and Cash Equivalents, and Marketable Securities
Cash and cash equivalents	$ 0	$ 81

Cash and Cash Equivalents, an_4

Cash and Cash Equivalents, and Marketable Securities - Narrative (Details) - USD ($) $ in Millions	Jun. 30, 2020	Dec. 31, 2019
Cash and Cash Equivalents and Marketable Securities [Abstract]
Gross unrealized gains on marketable securities	$ 781	$ 205

Cash and Cash Equivalents, an_5

Cash and Cash Equivalents, and Marketable Securities - Contractual Maturities of Marketable Debt Securities (Details) - USD ($) $ in Millions	Jun. 30, 2020	Dec. 31, 2019
Contractual Maturities of Marketable Securities
Due in one year	$ 12,178
Due after one year to five years	25,017
Total marketable securities	$ 37,195	$ 35,776

Fair Value Measurement - Assets

Fair Value Measurement - Assets Measured at Fair Value (Details) - USD ($) $ in Millions	Jun. 30, 2020	Dec. 31, 2019
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Marketable securities	$ 37,195	$ 35,776
Total cash equivalents and marketable securities	52,302	50,120
Quoted Prices in Active Markets for Identical Assets (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Total cash equivalents and marketable securities	41,692	39,437
Significant Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Total cash equivalents and marketable securities	10,610	10,683
Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Total cash equivalents and marketable securities	0	0
U.S. government securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Marketable securities	19,263	18,679
U.S. government securities | Quoted Prices in Active Markets for Identical Assets (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Marketable securities	19,263	18,679
U.S. government securities | Significant Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Marketable securities	0	0
U.S. government securities | Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Marketable securities	0	0
U.S. government agency securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Marketable securities	7,517	6,712
U.S. government agency securities | Quoted Prices in Active Markets for Identical Assets (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Marketable securities	7,517	6,712
U.S. government agency securities | Significant Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Marketable securities	0	0
U.S. government agency securities | Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Marketable securities	0	0
Corporate debt securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Marketable securities	10,415	10,385
Corporate debt securities | Quoted Prices in Active Markets for Identical Assets (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Marketable securities	0	0
Corporate debt securities | Significant Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Marketable securities	10,415	10,385
Corporate debt securities | Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Marketable securities	0	0
Money market funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Cash equivalents	14,734	12,787
Money market funds | Quoted Prices in Active Markets for Identical Assets (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Cash equivalents	14,734	12,787
Money market funds | Significant Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Cash equivalents	0	0
Money market funds | Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Cash equivalents	0	0
U.S. government securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Cash equivalents	178	815
U.S. government securities | Quoted Prices in Active Markets for Identical Assets (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Cash equivalents	178	815
U.S. government securities | Significant Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Cash equivalents	0	0
U.S. government securities | Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Cash equivalents	0	0
U.S. government agency securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Cash equivalents		444
U.S. government agency securities | Quoted Prices in Active Markets for Identical Assets (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Cash equivalents		444
U.S. government agency securities | Significant Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Cash equivalents		0
U.S. government agency securities | Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Cash equivalents		0
Certificate of deposits and time deposits
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Cash equivalents	195	217
Certificate of deposits and time deposits | Quoted Prices in Active Markets for Identical Assets (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Cash equivalents	0	0
Certificate of deposits and time deposits | Significant Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Cash equivalents	195	217
Certificate of deposits and time deposits | Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Cash equivalents	$ 0	0
Corporate debt securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Cash equivalents		81
Corporate debt securities | Quoted Prices in Active Markets for Identical Assets (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Cash equivalents		0
Corporate debt securities | Significant Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Cash equivalents		81
Corporate debt securities | Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Cash equivalents		$ 0

Property and Equipment (Details

Property and Equipment (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Property, Plant and Equipment
Property and equipment, gross	$ 52,088,000,000		$ 52,088,000,000		$ 45,986,000,000
Less: Accumulated depreciation	(13,082,000,000)		(13,082,000,000)		(10,663,000,000)
Property and equipment, net	39,006,000,000		39,006,000,000		35,323,000,000
Depreciation	1,580,000,000	$ 1,340,000,000	3,070,000,000	$ 2,540,000,000
Interest costs capitalized	0	$ 0	0	$ 0
Land
Property, Plant and Equipment
Property and equipment, gross	1,209,000,000		1,209,000,000		1,097,000,000
Buildings
Property, Plant and Equipment
Property and equipment, gross	13,359,000,000		13,359,000,000		11,226,000,000
Leasehold improvements
Property, Plant and Equipment
Property and equipment, gross	3,423,000,000		3,423,000,000		3,112,000,000
Network equipment
Property, Plant and Equipment
Property and equipment, gross	19,047,000,000		19,047,000,000		17,004,000,000
Computer software, office equipment and other
Property, Plant and Equipment
Property and equipment, gross	2,018,000,000		2,018,000,000		1,813,000,000
Finance lease right-of-use assets
Property, Plant and Equipment
Property and equipment, gross	1,756,000,000		1,756,000,000		1,635,000,000
Construction in progress
Property, Plant and Equipment
Property and equipment, gross	$ 11,276,000,000		$ 11,276,000,000		$ 10,099,000,000

Leases - Components of Lease Co

Leases - Components of Lease Cost (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Finance lease cost
Amortization of right-of-use assets	$ 60	$ 47	$ 120	$ 89
Interest	4	3	7	5
Operating lease cost	344	274	684	520
Variable lease cost and other, net	57	21	117	70
Total lease cost	$ 465	$ 345	$ 928	$ 684
Weighted-average remaining lease term
Operating leases	12 years 7 months 6 days	13 years 1 month 6 days	12 years 7 months 6 days	13 years 1 month 6 days
Finance leases	15 years	15 years 3 months 18 days	15 years	15 years 3 months 18 days
Weighted-average discount rate
Operating leases	3.10%	3.50%	3.10%	3.50%
Finance leases	3.10%	3.20%	3.10%	3.20%

Leases - Maturities of Lease Li

Leases - Maturities of Lease Liabilities (Details) - USD ($) $ in Millions	Jun. 30, 2020	Dec. 31, 2019
Operating Leases
The remainder of 2020	$ 528
2021	1,315
2022	1,254
2023	1,174
2024	1,099
Thereafter	7,932
Total undiscounted cash flows	13,302
Less: Imputed interest	(2,770)
Present value of lease liabilities	10,532
Operating lease liabilities, current	899	$ 800
Operating lease liabilities, non-current	9,633	$ 9,524
Finance Leases
The remainder of 2020	38
2021	49
2022	39
2023	37
2024	37
Thereafter	389
Total undiscounted cash flows	589
Less: Imputed interest	(117)
Present value of lease liabilities	472
Lease liabilities, current	48
Lease liabilities, non-current	$ 424

Leases - Narrative (Details)

Leases - Narrative (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2020	Jul. 29, 2020
Lessee, Lease, Description [Line Items]
Operating lease not yet commenced	$ 4,910
Finance lease not yet commenced	364
Non-cancelable contractual commitments	$ 8,300
Minimum
Lessee, Lease, Description [Line Items]
Lease not yet commenced, term	1 year
Maximum
Lessee, Lease, Description [Line Items]
Lease not yet commenced, term	25 years
Subsequent Event
Lessee, Lease, Description [Line Items]
Non-cancelable contractual commitments		$ 1,000

Leases - Supplemental Cash Flow

Leases - Supplemental Cash Flow (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$ 572	$ 388
Operating cash flows from finance leases	7	5
Financing cash flows from finance leases	209	267
Lease liabilities arising from obtaining right-of-use assets:
Operating leases	689	2,203
Finance leases	$ 33	$ 75

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets - Change in Carrying Amount of Goodwill (Details) $ in Millions	6 Months Ended
	Jun. 30, 2020USD ($)
Goodwill
Balance as of December 31, 2019	$ 18,715
Goodwill acquired	314
Balance as of June 30, 2020	$ 19,029

Goodwill and Intangible Asset_3

Goodwill and Intangible Assets - Intangible Assets (Detail) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 5,010		$ 5,010		$ 4,816
Accumulated Amortization	(4,151)		(4,151)		(3,922)
Net Carrying Amount	859		859		894
Amortization expense	118	$ 156	$ 229	$ 312
Acquired users
Finite-Lived Intangible Assets [Line Items]
Weighted-Average Remaining Useful Lives (in years)			1 year 3 months 18 days
Gross Carrying Amount	2,056		$ 2,056		2,056
Accumulated Amortization	(1,694)		(1,694)		(1,550)
Net Carrying Amount	362		$ 362		506
Acquired technology
Finite-Lived Intangible Assets [Line Items]
Weighted-Average Remaining Useful Lives (in years)			3 years 1 month 6 days
Gross Carrying Amount	1,288		$ 1,288		1,158
Accumulated Amortization	(1,032)		(1,032)		(986)
Net Carrying Amount	256		$ 256		172
Acquired patents
Finite-Lived Intangible Assets [Line Items]
Weighted-Average Remaining Useful Lives (in years)			4 years 3 months 18 days
Gross Carrying Amount	805		$ 805		805
Accumulated Amortization	(652)		(652)		(625)
Net Carrying Amount	153		$ 153		180
Trade names
Finite-Lived Intangible Assets [Line Items]
Weighted-Average Remaining Useful Lives (in years)			1 year 8 months 12 days
Gross Carrying Amount	638		$ 638		635
Accumulated Amortization	(614)		(614)		(604)
Net Carrying Amount	24		$ 24		31
Other
Finite-Lived Intangible Assets [Line Items]
Weighted-Average Remaining Useful Lives (in years)			3 years 8 months 12 days
Gross Carrying Amount	223		$ 223		162
Accumulated Amortization	(159)		(159)		(157)
Net Carrying Amount	$ 64		$ 64		$ 5

Goodwill and Intangible Asset_4

Goodwill and Intangible Assets - Estimated Amortization Expense (Details) - USD ($) $ in Millions	Jun. 30, 2020	Dec. 31, 2019
Finite-Lived Intangible Assets, Amortization Expense, Maturity Schedule [Abstract]
The remainder of 2020	$ 242
2021	386
2022	120
2023	52
2024	28
Thereafter	31
Net Carrying Amount	$ 859	$ 894

Long-term Debt - Narrative (Det

Long-term Debt - Narrative (Details) - Revolving Credit Facility - 2016 Facility - USD ($)	Jun. 30, 2020	May 31, 2016
Debt Instrument
Maximum borrowing capacity		$ 2,000,000,000
Amount outstanding	$ 0

Commitments and Contingencies (

Commitments and Contingencies (Details) $ in Millions	Jul. 27, 2018claim	Jun. 30, 2020USD ($)	Jul. 29, 2020USD ($)	Jul. 22, 2020USD ($)	Jan. 15, 2020USD ($)	Jul. 31, 2019USD ($)
Loss Contingencies [Line Items]
Non-cancelable contractual commitments		$ 8,300
Commitment period		5 years
Number of class actions filed | claim	2
FTC Inquiry
Loss Contingencies [Line Items]
Loss contingency accrual						$ 5,000
Illinois Biometric Information Privacy Act
Loss Contingencies [Line Items]
Loss contingency accrual					$ 550
Subsequent Event
Loss Contingencies [Line Items]
Non-cancelable contractual commitments			$ 1,000
Settled Litigation | Subsequent Event | Illinois Biometric Information Privacy Act
Loss Contingencies [Line Items]
Loss contingency accrual				$ 650

Stockholders' Equity - Share Re

Stockholders' Equity - Share Repurchase Program (Details) - USD ($) shares in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Jan. 31, 2020	Dec. 31, 2019
Equity [Abstract]
Remaining authorized repurchase amount	$ 12,280,000,000		$ 12,280,000,000			$ 4,900,000,000
Share repurchase program, authorized amount					$ 10,000,000,000
Shares repurchased and retired (in shares)			13
Shares repurchased and retired	$ 1,379,000,000	$ 1,125,000,000	$ 2,621,000,000	$ 1,647,000,000

Stockholders' Equity - Share-ba

Stockholders' Equity - Share-based Compensation Plans (Detail) shares in Millions	6 Months Ended
	Jun. 30, 2020plan	Jan. 01, 2020shares
Share-based Compensation Arrangement by Share-based Payment Award
Share-based employee compensation plans, number | plan	2
Equity Incentive Plan 2012
Share-based Compensation Arrangement by Share-based Payment Award
Equity incentive plan shares authorized (in shares) | shares		171
Shares reserved for issuance increase, percentage	2.50%
Restricted Stock Units (RSUs) | Equity Incentive Plan 2012
Share-based Compensation Arrangement by Share-based Payment Award
Vesting service period	4 years

Stockholders' Equity - Restrict

Stockholders' Equity - Restricted Stock Units (Details) - Restricted Stock Units (RSUs) - USD ($) $ / shares in Units, shares in Thousands, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Number of Shares
Unvested at beginning of period (in shares)			78,851
Granted (in shares)			48,395
Vested (in shares)			(18,256)
Forfeited (in shares)			(2,733)
Unvested at end of period (in shares)	106,257		106,257
Weighted-Average Grant Date Fair Value
Unvested at beginning of period (in dollars per share)			$ 165.74
Granted (in dollars per share)			168.66
Vested (in dollars per share)			158.09
Forfeited (in dollars per share)			161.28
Unvested at end of period (in dollars per share)	$ 168.49		$ 168.49
Fair value of vested RSUs	$ 2,040	$ 1,580	$ 3,840	$ 2,890

Stockholders' Equity - Addition

Stockholders' Equity - Additional Award Disclosures (Details) $ in Millions	6 Months Ended
	Jun. 30, 2020USD ($)
Equity [Abstract]
Unrecognized share-based compensation expense	$ 16,900
Unrecognized share-based compensation expense recognition period (in years)	3 years

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Millions	Jan. 15, 2020	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2013	Dec. 31, 2019
Income Tax Contingency [Line Items]
Unrecognized tax benefits		$ 8,060		$ 8,060			$ 7,860
Unrecognized tax benefits that would result in tax benefit if realized		4,170		4,170
Accrued interest and penalties		774		774			$ 747
Cumulative income tax expense		$ 953	$ 2,216	$ 1,911	$ 3,269
Internal Revenue Service (IRS) | Tax Year 2010
Income Tax Contingency [Line Items]
Income tax examination, estimate of possible loss	$ 9,000
Internal Revenue Service (IRS) | Tax Years 2011 Through 2013
Income Tax Contingency [Line Items]
Income tax examination, estimate of possible loss						$ 680
Altera Corp V Commissioner
Income Tax Contingency [Line Items]
Cumulative income tax expense			$ 1,110

Geographical Information - Prop

Geographical Information - Property and Equipment, Net (Details) - USD ($) $ in Millions	Jun. 30, 2020	Dec. 31, 2019
Long-Lived Assets By Geographical Area
Total long-lived assets	$ 48,435	$ 44,783
United States
Long-Lived Assets By Geographical Area
Total long-lived assets	38,706	35,858
Rest of the world
Long-Lived Assets By Geographical Area
Total long-lived assets	$ 9,729	$ 8,925

Subsequent Event (Details)

Subsequent Event (Details) $ in Billions	Jul. 07, 2020USD ($)
Subsequent Event
Subsequent Event [Line Items]
Payment for investment	$ 5.8

Uncategorized Items - fb-063020

Label	Element	Value
Prepaid Expenses and Other Current Assets [Member]
Restricted Cash and Cash Equivalents	us-gaap_RestrictedCashAndCashEquivalents	$ 308,000,000
Restricted Cash and Cash Equivalents	us-gaap_RestrictedCashAndCashEquivalents	9,000,000
Other Assets [Member]
Restricted Cash and Cash Equivalents	us-gaap_RestrictedCashAndCashEquivalents	112,000,000
Restricted Cash and Cash Equivalents	us-gaap_RestrictedCashAndCashEquivalents	$ 216,000,000