Meta Platforms (META) 10-Q26 Oct 222022 Q3 Quarterly reportFinancial data

Company Profile

Cover Page

Cover Page - shares	9 Months Ended
Cover Page - shares	Sep. 30, 2022	Oct. 21, 2022
Entity Information
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2022
Document Transition Report	false
Entity File Number	001-35551
Entity Registrant Name	Meta Platforms, 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, $0.000006 par value
Trading Symbol	META
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	2022
Document Fiscal Period Focus	Q3
Entity Central Index Key	0001326801
Current Fiscal Year End Date	--12-31
Class A Common Stock
Entity Information
Entity Common Stock, Shares Outstanding		2,248,672,204
Class B Common Stock
Entity Information
Entity Common Stock, Shares Outstanding		402,876,470

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Current assets:
Cash and cash equivalents	$ 14,308	$ 16,601
Marketable securities	27,468	31,397
Accounts receivable, net	11,227	14,039
Prepaid expenses and other current assets	5,312	4,629
Total current assets	58,315	66,666
Non-marketable equity securities	6,528	6,775
Property and equipment, net	73,738	57,809
Operating lease right-of-use assets	13,641	12,155
Intangible assets, net	875	634
Goodwill	20,268	19,197
Other assets	5,529	2,751
Total assets	178,894	165,987
Current liabilities:
Accounts payable	3,871	4,083
Partners payable	975	1,052
Operating lease liabilities, current	1,291	1,127
Accrued expenses and other current liabilities	16,036	14,312
Deferred revenue and deposits	514	561
Total current liabilities	22,687	21,135
Operating lease liabilities, non-current	14,687	12,746
Long-term debt	9,922	0
Other liabilities	7,504	7,227
Total liabilities	54,800	41,108
Commitments and contingencies
Stockholders' equity:
Common stock, $0.000006 par value; 5,000 million Class A shares authorized, 2,262 million and 2,328 million shares issued and outstanding, as of September 30, 2022 and December 31, 2021, respectively; 4,141 million Class B shares authorized, 403 million and 413 million shares issued and outstanding, as of September 30, 2022 and December 31, 2021, respectively	0	0
Additional paid-in capital	62,092	55,811
Accumulated other comprehensive loss	(5,054)	(693)
Retained earnings	67,056	69,761
Total stockholders' equity	124,094	124,879
Total liabilities and stockholders' equity	$ 178,894	$ 165,987

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Sep. 30, 2022	Dec. 31, 2021
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)	2,262,000,000	2,328,000,000
Common stock, shares outstanding (in shares)	2,262,000,000	2,328,000,000
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)	403,000,000	413,000,000
Common stock, shares outstanding (in shares)	403,000,000	413,000,000

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($) shares in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Revenue:	$ 27,714	$ 29,010	$ 84,444	$ 84,258
Costs and expenses:
Cost of revenue	5,716	5,771	16,913	16,301
Research and development	9,170	6,316	25,567	17,609
Marketing and sales	3,780	3,554	10,688	9,656
General and administrative	3,384	2,946	8,731	6,524
Total costs and expenses	22,050	18,587	61,899	50,090
Income from operations	5,664	10,423	22,545	34,168
Interest and other income (expense), net	(88)	142	125	413
Income before provision for income taxes	5,576	10,565	22,670	34,581
Provision for income taxes	1,181	1,371	4,123	5,496
Net income	$ 4,395	$ 9,194	$ 18,547	$ 29,085
Earnings per share attributable to Class A and Class B common stockholders:
Basic (in dollars per share)	$ 1.64	$ 3.27	$ 6.86	$ 10.27
Diluted (in dollars per share)	$ 1.64	$ 3.22	$ 6.82	$ 10.11
Weighted-average shares used to compute earnings per share attributable to Class A and Class B common stockholders:
Basic (in shares)	2,682	2,814	2,703	2,832
Diluted (in shares)	2,687	2,859	2,718	2,876
Share-based compensation expense included in costs and expenses:
Share-based compensation expense	$ 3,134	$ 2,379	$ 8,984	$ 6,757
Cost of revenue
Share-based compensation expense included in costs and expenses:
Share-based compensation expense	209	147	582	428
Research and development
Share-based compensation expense included in costs and expenses:
Share-based compensation expense	2,447	1,849	6,995	5,224
Marketing and sales
Share-based compensation expense included in costs and expenses:
Share-based compensation expense	260	218	766	631
General and administrative
Share-based compensation expense included in costs and expenses:
Share-based compensation expense	$ 218	$ 165	$ 641	$ 474

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Statement of Comprehensive Income [Abstract]
Net income	$ 4,395	$ 9,194	$ 18,547	$ 29,085
Other comprehensive loss:
Change in foreign currency translation adjustment, net of tax	(1,037)	(424)	(2,472)	(856)
Change in unrealized gain (loss) on available-for-sale investments and other, net of tax	(606)	(68)	(1,889)	(278)
Comprehensive income	$ 2,752	$ 8,702	$ 14,186	$ 27,951

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 Income (Loss)	Retained Earnings
Balances at beginning of period (in shares) at Dec. 31, 2020		2,849
Balances at beginning of period at Dec. 31, 2020	$ 128,290	$ 0	$ 50,018	$ 927	$ 77,345
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock (in shares)		33
Shares withheld related to net share settlement (in shares)		(12)
Shares withheld related to net share settlement	(4,007)		(2,441)		(1,566)
Share-based compensation	6,757		6,757
Share repurchases (in shares)		(77)
Share repurchases	(25,631)				(25,631)
Other comprehensive loss	(1,134)			(1,134)
Net income	29,085				29,085
Balances at end of period (in shares) at Sep. 30, 2021		2,793
Balances at end of period at Sep. 30, 2021	133,360	$ 0	54,334	(207)	79,233
Balances at beginning of period (in shares) at Jun. 30, 2021		2,826
Balances at beginning of period at Jun. 30, 2021	138,227	$ 0	52,845	285	85,097
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock (in shares)		11
Shares withheld related to net share settlement (in shares)		(4)
Shares withheld related to net share settlement	(1,576)		(890)		(686)
Share-based compensation	2,379		2,379
Share repurchases (in shares)		(40)
Share repurchases	(14,372)				(14,372)
Other comprehensive loss	(492)			(492)
Net income	9,194				9,194
Balances at end of period (in shares) at Sep. 30, 2021		2,793
Balances at end of period at Sep. 30, 2021	133,360	$ 0	54,334	(207)	79,233
Balances at beginning of period (in shares) at Dec. 31, 2021		2,741
Balances at beginning of period at Dec. 31, 2021	124,879	$ 0	55,811	(693)	69,761
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock (in shares)		39
Shares withheld related to net share settlement (in shares)		(14)
Shares withheld related to net share settlement	(2,938)		(2,703)		(235)
Share-based compensation	$ 8,984		8,984
Share repurchases (in shares)	(101)	(101)
Share repurchases	$ (21,017)				(21,017)
Other comprehensive loss	(4,361)			(4,361)
Net income	18,547				18,547
Balances at end of period (in shares) at Sep. 30, 2022		2,665
Balances at end of period at Sep. 30, 2022	124,094	$ 0	62,092	(5,054)	67,056
Balances at beginning of period (in shares) at Jun. 30, 2022		2,697
Balances at beginning of period at Jun. 30, 2022	125,767	$ 0	59,929	(3,411)	69,249
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock (in shares)		14
Shares withheld related to net share settlement (in shares)		(5)
Shares withheld related to net share settlement	(1,011)		(971)		(40)
Share-based compensation	3,134		3,134
Share repurchases (in shares)		(41)
Share repurchases	(6,548)				(6,548)
Other comprehensive loss	(1,643)			(1,643)
Net income	4,395				4,395
Balances at end of period (in shares) at Sep. 30, 2022		2,665
Balances at end of period at Sep. 30, 2022	$ 124,094	$ 0	$ 62,092	$ (5,054)	$ 67,056

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Cash flows from operating activities
Net income	$ 18,547	$ 29,085
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	6,310	5,953
Share-based compensation	8,984	6,757
Deferred income taxes	(2,113)	(139)
Impairment related to leases and leasehold improvements	413	0
Other	71	(161)
Changes in assets and liabilities:
Accounts receivable	1,930	(1,072)
Prepaid expenses and other current assets	(693)	(2,566)
Other assets	(160)	(184)
Accounts payable	(666)	560
Partners payable	(12)	(163)
Accrued expenses and other current liabilities	2,942	895
Deferred revenue and deposits	(35)	87
Other liabilities	446	527
Net cash provided by operating activities	35,964	39,579
Cash flows from investing activities
Purchases of property and equipment	(22,388)	(13,290)
Proceeds relating to property and equipment	190	92
Purchases of marketable debt securities	(8,885)	(24,314)
Sales of marketable debt securities	9,333	15,331
Maturities of marketable debt securities	1,562	9,318
Acquisitions of businesses and intangible assets	(1,250)	(330)
Other investing activities	(1)	(206)
Net cash used in investing activities	(21,439)	(13,399)
Cash flows from financing activities
Taxes paid related to net share settlement of equity awards	(2,938)	(4,007)
Repurchases of Class A common stock	(21,093)	(24,476)
Proceeds from issuance of long-term debt, net	9,921	0
Principal payments on finance leases	(615)	(505)
Net change in overdraft in cash pooling entities	(250)	15
Other financing activities	(101)	(13)
Net cash used in financing activities	(15,076)	(28,986)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash	(1,063)	(344)
Net decrease in cash, cash equivalents, and restricted cash	(1,614)	(3,150)
Cash, cash equivalents, and restricted cash at beginning of the period	16,865	17,954
Cash, cash equivalents, and restricted cash at end of the period	15,251	14,804
Reconciliation of cash, cash equivalents, and restricted cash to the condensed consolidated balance sheets
Cash and cash equivalents	14,308	14,496
Restricted cash:	943
Total cash, cash equivalents, and restricted cash	15,251	14,804
Supplemental cash flow data
Cash paid for income taxes, net	4,647	7,919
Non-cash investing and financing activities:
Property and equipment in accounts payable and accrued expenses and other current liabilities	4,130	2,635
Acquisition of businesses in accrued expenses and other current liabilities and other liabilities	294	73
Other current assets through financing arrangement in accrued expenses and other current liabilities	18	491
Repurchases of Class A common stock in accrued expenses and other current liabilities	265	1,223
Restricted cash included in prepaid expenses and other current assets
Reconciliation of cash, cash equivalents, and restricted cash to the condensed consolidated balance sheets
Restricted cash:	232	195
Restricted cash included in other assets
Reconciliation of cash, cash equivalents, and restricted cash to the condensed consolidated balance sheets
Restricted cash:	$ 711	$ 113

Summary of Significant Accounti

Summary of Significant Accounting Policies	9 Months Ended
Summary of Significant Accounting Policies	Sep. 30, 2022
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Summary of Significant Accounting Policies Basis of Presentation The accompanying unaudited condensed consolidated fi nancial 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 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, 2021. The condensed consolidated balance sheet as of December 31, 2021 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 Meta Platforms, Inc., its 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, 2022. Use of Estimates Preparation of condensed consolidated financial statements in 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 revenue recognition, valuation of non-marketable equity securities, income taxes, loss contingencies, including the ultimate resolution of litigation, regulatory matters, and asserted and unasserted claims, valuation of long-lived assets including goodwill, intangible assets, and property and equipment, and their associated estimated useful lives, valuation of purchase commitments, credit losses of available-for-sale debt securities and accounts receivable, fair value of financial instruments and fair value of leases. These estimates are based on management's knowledge about current events, interpretations of regulations, and expectations about actions we may undertake in the future. Actual results could differ materially from those estimates. In connection with our periodic reviews of the estimated useful lives of property and equipment, we extended the estimated average useful lives of a majority of the servers and network assets from four years to 4.5 years, effective the second quarter of 2022, as a result of expected longer refresh cycles in our data centers. The financial impact of this change in estimate was a reduction in depreciation expense of $482 million and an increase in net income of $394 million, or $0.14 per diluted share for the nine months ended September 30, 2022. The impact from the change in our estimates was calculated based on the servers and network assets existing as of the effective date of the change and applying the revised estimated useful lives prospectively. 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, 2021, certain of which are further discussed below. Long-lived Assets In the third quarter of 2022, we made a decision to sublease, early terminate, or abandon several office buildings under operating leases to align our real property lease arrangements with our anticipated operating needs. As a result, we also began to review the related operating lease right-of-use (ROU) assets and leasehold improvements for impairment under Accounting Standards Codification (ASC) Topic 360. In connection with the above decision, in the three months ended September 30, 2022, we recorded an impairment loss of $413 million for operating lease ROU assets and leasehold improvements. The impairment loss represents the amount by which the carrying value exceeded the estimated fair value of these assets. Of the total impairment loss, $33 million is included in cost of revenue, $231 million in research and development, $74 million in marketing and sales, and $75 million in general and administrative on our condensed consolidated statements of income during the three months ended September 30, 2022. The impairment loss recorded under our Family of Apps (FoA) segment was $338 million with the remaining $75 million recognized in our Reality Labs (RL) segment. The fair values of the impaired assets were estimated using discounted cash flow models (income approach) based on market participant assumptions with Level 3 inputs. The assumptions used in estimating fair value include the expected downtime prior to the commencement of future subleases, projected sublease income over the remaining lease periods, and discount rates that reflect the level of risk associated with receiving future cash flows. As we continue to evaluate our real property lease arrangements, we expect to reduce more office space and incur additional impairment charges in the foreseeable future, which may have a material adverse impact on our consolidated financial statements in the aggregate. Recently Adopted Accounting Pronouncements On January 1, 2022, we early adopted Accounting Standards Update (ASU) No. 2021-08, Business Combinations (Topic 805): Accounting for Contract Assets and Contract Liabilities from Contracts with Customers (ASU 2021-08), which clarifies that an acquirer of a business should recognize and measure contract assets and contract liabilities in a business combination in accordance with ASC Topic 606, Revenue from Contracts with Customers . The adoption of this new standard did not have a material impact on our condensed consolidated financial statements. On July 1, 2022, we early adopted ASU No. 2022-03, Fair Value Measurement (Topic 820): Fair Value Measurement of Equity Securities Subject to Contractual Sale Restrictions (ASU 2022-03), which clarifies and amends the guidance of measuring the fair value of equity securities subject to contractual restrictions that prohibit the sale of the equity securities. The adoption of this new standard did not have a material impact on our condensed consolidated financial statements. Accounting Pronouncements Not Yet Adopted In November 2021, the Financial Accounting Standards Board (FASB) issued ASU No. 2021-10, Government Assistance (Topic 832): Disclosure by Business Entities about Government Assistance (ASU 2021-10), which requires the disclosure of government assistance received by most business entities relating to: (1) the types of government assistance received; (2) the accounting for such assistance; and (3) the effect of the assistance on a business entity's financial statements. This guidance will be effective for our annual financial statements for the year ended December 31, 2022. The adoption of this new standard will not have a material impact on our condensed consolidated financial statements.

Revenue

Revenue	9 Months Ended
Revenue	Sep. 30, 2022
Revenue from Contract with Customer [Abstract]
Revenue	Revenue Revenue disaggregated by revenue source and by segment consists of the following (in millions). For comparative purposes, amounts in the prior periods have been recast: Three Months Ended September 30, Nine Months Ended September 30, 2022 2021 2022 2021 Advertising $ 27,237 $ 28,276 $ 82,387 $ 82,294 Other revenue 192 176 624 567 Family of Apps 27,429 28,452 83,011 82,861 Reality Labs 285 558 1,433 1,397 Total revenue $ 27,714 $ 29,010 $ 84,444 $ 84,258 Revenue disaggregated by geography, based on the addresses of our customers, consists of the following (in millions): Three Months Ended September 30, Nine Months Ended September 30, 2022 2021 2022 2021 United States and Canada (1) $ 11,966 $ 12,668 $ 35,931 $ 36,716 Europe (2) 5,996 7,018 19,284 20,622 Asia-Pacific 6,797 6,592 20,480 19,370 Rest of World (2) 2,955 2,732 8,749 7,550 Total revenue $ 27,714 $ 29,010 $ 84,444 $ 84,258 ____________________________________ (1) United States revenue was $11.29 billion and $11.88 billion for the three months ended September 30, 2022 and 2021, respectively, and $33.81 billion and $34.45 billion for the nine months ended September 30, 2022 and 2021, respectively. (2) Europe includes Russia and Turkey, and Rest of World includes Africa, Latin America, and the Middle East. Our total deferred revenue was $513 million and $596 million as of September 30, 2022 and December 31, 2021, respectively. As of September 30, 2022, we expect $478 million of our deferred revenue to be realized in less than a year.

Earnings per Share

Earnings per Share	9 Months Ended
Earnings per Share	Sep. 30, 2022
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. As the liquidation and dividend rights for both Class A and Class B common stock are identical, the undistributed earnings are allocated on a proportionate basis to the weighted-average number of common shares outstanding for the period. 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, including awards under our equity compensation plan. 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 is computed by dividing the resulting net income by the weighted-average number of fully diluted common shares outstanding. For the three and nine months ended September 30, 2022, 119 million and 93 million shares of Class A common stock equivalents of restricted stock units (RSUs), respectively, were excluded from the diluted EPS calculation as including them would have an anti-dilutive effect. RSUs with anti-dilutive effect were not material for the three and nine months ended September 30, 2021. 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 September 30, Nine Months Ended September 30, 2022 2021 2022 2021 Class A Class B Class A Class B Class A Class B Class A Class B Basic EPS: Numerator Net income $ 3,729 $ 666 $ 7,782 $ 1,412 $ 15,736 $ 2,811 $ 24,588 $ 4,497 Denominator Shares used in computation of basic earnings per share 2,276 406 2,382 432 2,293 410 2,394 438 Basic EPS $ 1.64 $ 1.64 $ 3.27 $ 3.27 $ 6.86 $ 6.86 $ 10.27 $ 10.27 Diluted EPS: Numerator Net income $ 3,729 $ 666 $ 7,782 $ 1,412 $ 15,736 $ 2,811 $ 24,588 $ 4,497 Reallocation of net income as a result of conversion of Class B to Class A common stock 666 — 1,412 — 2,811 — 4,497 — Reallocation of net income to Class B common stock — (1) — (22) — (16) — (69) Net income for diluted EPS $ 4,395 $ 665 $ 9,194 $ 1,390 $ 18,547 $ 2,795 $ 29,085 $ 4,428 Denominator Shares used in computation of basic earnings per share 2,276 406 2,382 432 2,293 410 2,394 438 Conversion of Class B to Class A common stock 406 — 432 — 410 — 438 — Weighted-average effect of dilutive RSUs 5 — 45 — 15 — 44 — Shares used in computation of diluted earnings per share 2,687 406 2,859 432 2,718 410 2,876 438 Diluted EPS $ 1.64 $ 1.64 $ 3.22 $ 3.22 $ 6.82 $ 6.82 $ 10.11 $ 10.11

Cash, Cash Equivalents, Marketa

Cash, Cash Equivalents, Marketable Securities, and Restricted Cash	9 Months Ended
	Sep. 30, 2022
Cash and Cash Equivalents and Marketable Securities [Abstract]
Cash, Cash Equivalents, Marketable Securities, and Restricted Cash	Cash, Cash Equivalents, Marketable Securities, and Restricted Cash The following table sets forth the cash, cash equivalents, and marketable securities by major security type, and restricted cash (in millions): September 30, 2022 December 31, 2021 Cash and cash equivalents: Cash $ 6,160 $ 7,308 Money market funds 6,789 8,850 U.S. government securities 752 25 U.S. government agency securities 155 108 Certificates of deposit and time deposits 435 250 Corporate debt securities 17 60 Total cash and cash equivalents 14,308 16,601 Marketable securities: Marketable debt securities: U.S. government securities 9,303 10,901 U.S. government agency securities 5,049 5,927 Corporate debt securities 13,033 14,569 Total marketable debt securities 27,385 31,397 Marketable equity securities 83 — Total marketable securities 27,468 31,397 Restricted cash: Restricted cash included in prepaid expenses and other current assets 232 149 Restricted cash included in other assets 711 115 Total restricted cash 943 264 Total cash, cash equivalents, marketable securities, and restricted cash $ 42,719 $ 48,262 The following table summarizes our available-for-sale marketable debt securities and cash equivalents with unrealized losses as of September 30, 2022, aggregated by major security type and the length of time that individual securities have been in a continuous loss position (in millions): September 30, 2022 Less than 12 months 12 months or greater Total Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses U.S. government securities $ 7,418 $ (423) $ 1,793 $ (119) $ 9,211 $ (542) U.S. government agency securities 2,117 (82) 2,934 (270) 5,051 (352) Corporate debt securities 8,861 (653) 3,869 (374) 12,730 (1,027) Total $ 18,396 $ (1,158) $ 8,596 $ (763) $ 26,992 $ (1,921) The gross unrealized gains on our marketable debt securities and cash equivalents were not material as of September 30, 2022 and December 31, 2021. The gross unrealized losses were $1.92 billion as of September 30, 2022, and not material as of December 31, 2021, respectively. The increase in the gross unrealized losses in the nine months ended September 30, 2022 is due to higher interest rates. The allowance for credit losses on our marketable debt securities was not material as of September 30, 2022 and December 31, 2021. The following table classifies our marketable debt securities by contractual maturities (in millions): September 30, 2022 Due within one year $ 4,116 Due after one year to five years 23,269 Total $ 27,385

Non-marketable Equity Securitie

Non-marketable Equity Securities	9 Months Ended
Non-marketable Equity Securities	Sep. 30, 2022
Investments, Debt and Equity Securities [Abstract]
Non-marketable Equity Securities	Non-marketable Equity Securities Our non-marketable equity securities are investments in privately-held companies without readily determinable fair values. The following table summarizes our non-marketable equity securities that were measured using measurement alternative and equity method (in millions): September 30, 2022 December 31, 2021 Non-marketable equity securities under measurement alternative: Initial cost $ 6,388 $ 6,480 Cumulative upward adjustments 293 311 Cumulative impairment/downward adjustments (186) (50) Carrying value 6,495 6,741 Non-marketable equity securities under equity method 33 34 Total $ 6,528 $ 6,775 As of September 30, 2022, we had $264 million of equity investment in Giphy. Due to regulatory restrictions, we do not control or exercise significant influence over Giphy. Based on a regulatory decision announced by the United Kingdom Competition and Markets Authority in October 2022, we plan to divest Giphy but we may not be able to recover our carrying value in connection with the divestiture.

Fair Value Measurements

Fair Value Measurements	9 Months Ended
Fair Value Measurements	Sep. 30, 2022
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements The following table summarizes our assets measured at fair value on a recurring basis and the classification by level of input within the fair value hierarchy (in millions): Fair Value Measurement at Reporting Date Using Description September 30, 2022 Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs Cash equivalents: Money market funds $ 6,789 $ 6,789 $ — $ — U.S. government securities 752 752 — — U.S. government agency securities 155 155 — — Certificates of deposit and time deposits 435 — 435 — Corporate debt securities 17 — 17 — Marketable securities: U.S. government securities 9,303 9,303 — — U.S. government agency securities 5,049 5,049 — — Corporate debt securities 13,033 — 13,033 — Marketable equity securities 83 4 — 79 Restricted cash equivalents 586 586 — — Other assets 194 — — 194 Total $ 36,396 $ 22,638 $ 13,485 $ 273 Fair Value Measurement at Reporting Date Using Description December 31, 2021 Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs Cash equivalents: Money market funds $ 8,850 $ 8,850 $ — $ — U.S. government securities 25 25 — — U.S. government agency securities 108 108 — — Certificates of deposit and time deposits 250 — 250 — Corporate debt securities 60 — 60 — Marketable securities: U.S. government securities 10,901 10,901 — — U.S. government agency securities 5,927 5,927 — — Corporate debt securities 14,569 — 14,569 — Restricted cash equivalents 71 71 — — Other assets 160 — — 160 Total $ 40,921 $ 25,882 $ 14,879 $ 160 We classify our cash equivalents and marketable debt 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. Our marketable equity securities are publicly traded stocks measured at fair value and classified within Level 1 or Level 3 in the fair value hierarchy because we use quoted prices for identical assets in active markets or use significant unobservable inputs to estimate their fair value. Certain other assets are classified within Level 3 because factors used to develop the estimated fair value are unobservable inputs that are not supported by market activity. Our non-marketable equity securities accounted for using the measurement alternative are measured at fair value on a non-recurring basis and are classified within Level 3 of the fair value hierarchy because we use significant unobservable inputs to estimate their fair value. Assets remeasured at fair value within Level 3 during the nine months ended September 30, 2022 were not material. As of December 31, 2021, included in the total $6.78 billion of non-marketable equity securities, $913 million was remeasured at fair value within Level 3 during the year ended December 31, 2021. The gains and losses that resulted from the remeasurements were not material for the three and nine months ended September 30, 2022 and 2021, respectively. For additional information, see Note 5 — Non-marketable Equity Securities.

Property and Equipment

Property and Equipment	9 Months Ended
Property and Equipment	Sep. 30, 2022
Property, Plant and Equipment [Abstract]
Property and Equipment	Property and Equipment Property and equipment, net consists of the following (in millions): September 30, 2022 December 31, 2021 Land $ 1,762 $ 1,688 Servers and network assets 31,438 25,584 Buildings 25,313 22,531 Leasehold improvements 6,625 5,795 Equipment and other 5,375 4,764 Finance lease right-of-use assets 2,995 2,840 Construction in progress 23,623 14,687 Property and equipment, gross 97,131 77,889 Less: Accumulated depreciation (23,393) (20,080) Property and equipment, net $ 73,738 $ 57,809 Construction in progress includes costs mostly related to construction of data centers, network infrastructure, servers, and office facilities. Depreciation expense on property and equipment was $2.13 billion and $1.87 billion for the three months ended September 30, 2022 and 2021, respectively, and $6.17 billion and $5.59 billion for the nine months ended September 30, 2022 and 2021, respectively. For additional information regarding changes in the estimated useful life of our servers and network assets, see Note 1 — Summary of Significant Accounting Policies.

Leases

Leases	9 Months Ended
Leases	Sep. 30, 2022
Leases [Abstract]
Leases	LeasesWe have entered into various non-cancelable operating lease agreements mostly for our offices, data centers, colocations, and land. We have also entered into various non-cancelable finance lease agreements mostly for certain network infrastructure. Our leases have original lease periods expiring between the remainder of 2022 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 are as follows (in millions): Three Months Ended September 30, Nine Months Ended September 30, 2022 2021 2022 2021 Finance lease cost: Amortization of right-of-use assets $ 92 $ 88 $ 285 $ 252 Interest 4 4 12 11 Operating lease cost 480 386 1,326 1,119 Variable lease cost and other, net 87 68 263 194 Total lease cost $ 663 $ 546 $ 1,886 $ 1,576 In the three months ended September 30, 2022, we also recorded $353 million impairment loss for operating lease ROU assets to align our real property lease arrangements with our current operating needs. See Note 1 — Summary of Significant Accounting Policies for details. Supplemental balance sheet information related to leases is as follows: September 30, 2022 December 31, 2021 Weighted-average remaining lease term: Finance leases 13.9 years 13.9 years Operating leases 12.7 years 13.0 years Weighted-average discount rate: Finance leases 2.8 % 2.7 % Operating leases 3.0 % 2.8 % The following is a schedule, by years, of maturities of lease liabilities as of September 30, 2022 (in millions): Operating Leases Finance Leases The remainder of 2022 $ 302 $ 28 2023 1,775 68 2024 1,916 55 2025 1,630 47 2026 1,575 47 Thereafter 12,612 452 Total undiscounted cash flows 19,810 697 Less: Imputed interest (3,832) (116) Present value of lease liabilities $ 15,978 $ 581 Lease liabilities, current $ 1,291 $ 64 Lease liabilities, non-current 14,687 517 Present value of lease liabilities $ 15,978 $ 581 The table above does not include lease payments that were not fixed at commencement or lease modification. As of September 30, 2022, we have additional operating and finance leases, that have not yet commenced, with lease obligations of approximately $8.62 billion and $1.54 billion, respectively, mostly for data centers, offices, and network infrastructure. These operating and finance leases will commence between the remainder of 2022 and 2028 with lease terms of greater than one year to 30 years. Supplemental cash flow information related to leases is as follows (in millions): Nine Months Ended September 30, 2022 2021 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows for operating leases $ 1,197 $ 1,040 Operating cash flows for finance leases $ 11 $ 11 Financing cash flows for finance leases $ 615 $ 505 Lease liabilities arising from obtaining right-of-use assets: Operating leases $ 3,565 $ 2,921 Finance leases $ 114 $ 124
Leases	LeasesWe have entered into various non-cancelable operating lease agreements mostly for our offices, data centers, colocations, and land. We have also entered into various non-cancelable finance lease agreements mostly for certain network infrastructure. Our leases have original lease periods expiring between the remainder of 2022 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 are as follows (in millions): Three Months Ended September 30, Nine Months Ended September 30, 2022 2021 2022 2021 Finance lease cost: Amortization of right-of-use assets $ 92 $ 88 $ 285 $ 252 Interest 4 4 12 11 Operating lease cost 480 386 1,326 1,119 Variable lease cost and other, net 87 68 263 194 Total lease cost $ 663 $ 546 $ 1,886 $ 1,576 In the three months ended September 30, 2022, we also recorded $353 million impairment loss for operating lease ROU assets to align our real property lease arrangements with our current operating needs. See Note 1 — Summary of Significant Accounting Policies for details. Supplemental balance sheet information related to leases is as follows: September 30, 2022 December 31, 2021 Weighted-average remaining lease term: Finance leases 13.9 years 13.9 years Operating leases 12.7 years 13.0 years Weighted-average discount rate: Finance leases 2.8 % 2.7 % Operating leases 3.0 % 2.8 % The following is a schedule, by years, of maturities of lease liabilities as of September 30, 2022 (in millions): Operating Leases Finance Leases The remainder of 2022 $ 302 $ 28 2023 1,775 68 2024 1,916 55 2025 1,630 47 2026 1,575 47 Thereafter 12,612 452 Total undiscounted cash flows 19,810 697 Less: Imputed interest (3,832) (116) Present value of lease liabilities $ 15,978 $ 581 Lease liabilities, current $ 1,291 $ 64 Lease liabilities, non-current 14,687 517 Present value of lease liabilities $ 15,978 $ 581 The table above does not include lease payments that were not fixed at commencement or lease modification. As of September 30, 2022, we have additional operating and finance leases, that have not yet commenced, with lease obligations of approximately $8.62 billion and $1.54 billion, respectively, mostly for data centers, offices, and network infrastructure. These operating and finance leases will commence between the remainder of 2022 and 2028 with lease terms of greater than one year to 30 years. Supplemental cash flow information related to leases is as follows (in millions): Nine Months Ended September 30, 2022 2021 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows for operating leases $ 1,197 $ 1,040 Operating cash flows for finance leases $ 11 $ 11 Financing cash flows for finance leases $ 615 $ 505 Lease liabilities arising from obtaining right-of-use assets: Operating leases $ 3,565 $ 2,921 Finance leases $ 114 $ 124

Acquisitions, Goodwill, and Int

Acquisitions, Goodwill, and Intangible Assets	9 Months Ended
Acquisitions, Goodwill, and Intangible Assets	Sep. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Acquisitions, Goodwill, and Intangible Assets	Acquisitions, Goodwill, and Intangible Assets During the nine months ended September 30, 2022, we completed several business acquisitions with total cash consideration transferred of $1.18 billion, which in aggregate was allocated to $302 million of intangible assets, $1.10 billion of goodwill, and $223 million of net liabilities assumed. Goodwill generated from all business acquisitions completed was primarily attributable to expected synergies and potential monetization opportunities. The amount of goodwill generated that was deductible for tax purposes was not material. Acquisition-related costs were immaterial and were expensed as incurred. Pro forma historical results of operations related to these business acquisitions have not been presented because they are not material to our condensed consolidated financial statements, either individually or in aggregate. We have included the financial results of these acquired businesses in our condensed consolidated financial statements from their respective dates of acquisition. Changes in the carrying amount of goodwill by reportable segment for the nine months ended September 30, 2022 are as follows (in millions): Family of Apps Reality Labs Total Goodwill at December 31, 2021 $ 18,458 $ 739 $ 19,197 Acquisitions 773 329 1,102 Adjustments 19 (50) (31) Goodwill at September 30, 2022 $ 19,250 $ 1,018 $ 20,268 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): September 30, 2022 December 31, 2021 Weighted-Average Remaining Useful Lives Gross Carrying Amount Accumulated Amortization Net Carrying Amount Gross Carrying Amount Accumulated Amortization Net Carrying Amount Acquired technology 5.3 $ 604 $ (255) $ 349 $ 1,412 $ (1,169) $ 243 Acquired patents 2.8 379 (300) 79 827 (722) 105 Trade names 3.9 11 (2) 9 644 (633) 11 Other 9.0 75 (19) 56 176 (167) 9 Total finite-lived assets 1,069 (576) 493 3,059 (2,691) 368 Total indefinite-lived assets N/A 382 — 382 266 — 266 Total intangible assets $ 1,451 $ (576) $ 875 $ 3,325 $ (2,691) $ 634 Amortization expense of intangible assets was $45 million and $124 million for the three months ended September 30, 2022 and 2021, respectively, and $138 million and $364 million for the nine months ended September 30, 2022 and 2021, respectively. As of September 30, 2022, expected amortization expense for the unamortized finite-lived intangible assets for the next five years and thereafter is as follows (in millions): The remainder of 2022 $ 45 2023 137 2024 110 2025 66 2026 32 Thereafter 103 Total $ 493

Long-term Debt

Long-term Debt	9 Months Ended
Long-term Debt	Sep. 30, 2022
Debt Disclosure [Abstract]
Long-term Debt	Long-term Debt In August 2022, we issued an aggregate of $10.0 billion principal amount of fixed-rate senior unsecured notes in four series (the “Notes”) in a private offering to qualified institutional buyers and certain non-U.S. persons. The proceeds from this offering, net of discounts and debt issuance costs, was $9.92 billion. We intend to use the net proceeds from the offering for general corporate purposes, which may include, but are not limited to, capital expenditures, repurchases of outstanding shares of our common stock, acquisitions, or investments. The Notes of each series rank equally with each other and we are not subject to any financial covenants. We may redeem each series of the Notes at any time in whole or in part, at specified redemption prices. In connection with the offering, we entered into a registration rights agreement providing for the filing of a registration statement with the Securities and Exchange Commission in order to exchange the Notes for registered notes having substantially the same terms. The following table summarizes the Notes and the carrying amount of our debt as of September 30, 2022 (in millions, except percentages): Maturity Stated Interest Rate Effective Interest Rate September 30, 2022 2027 Notes 2027 3.50% 3.63% $ 2,750 2032 Notes 2032 3.85% 3.92% 3,000 2052 Notes 2052 4.45% 4.51% 2,750 2062 Notes 2062 4.65% 4.71% 1,500 Total face amount of long-term debt 10,000 Unamortized discount and issuance costs, net (78) Long-term debt $ 9,922 Interest on each of the Notes is payable semi-annually in arrears in February and August of each year, commencing in February 2023. The effective interest rates include the interest rates stated on the Notes and amortization of the discounts and issuance costs. In the three and nine months ended September 30, 2022, interest expense recognized on the debt was not material. The total estimated fair value of our outstanding debt was $8.66 billion as of September 30, 2022. The fair value was determined based on the closing trading price per $100 of the Notes as of September 30, 2022 and is categorized accordingly as Level 2 in the fair value hierarchy. As of September 30, 2022, future principal payments for the Notes, by year, are as follows (in millions): Remainder of 2022 through 2026 $ — 2027 2,750 Thereafter 7,250 Total outstanding debt $ 10,000

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
Commitments and Contingencies	Sep. 30, 2022
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 Meta Platforms, Inc. Contractual Commitments We have $22.35 billion of non-cancelable contractual commitments as of September 30, 2022, which are primarily related to our investments in servers, network infrastructure, and consumer hardware products in Reality Labs. The following is a schedule, by years, of non-cancelable contractual commitments as of September 30, 2022 (in millions): The remainder of 2022 $ 7,200 2023 9,211 2024 1,922 2025 1,154 2026 295 Thereafter 2,565 Total $ 22,347 Additionally, as part of the normal course of business, we have entered into multi-year agreements to purchase renewable energy that do not specify a fixed or minimum volume commitment or to purchase certain server components that do not specify a fixed or minimum price commitment. We enter into these agreements in order to secure either volume or price. Using the projected market prices or expected volume consumption, the total estimated spend as of September 30, 2022 is approximately $8.64 billion, a majority of which is due beyond five years. The ultimate spend under these agreements may vary and will be based on prevailing market prices or actual volume purchased. Legal and Related 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, a second amended complaint was filed in the consolidated putative securities class action. On August 7, 2020, the district court granted our motion to dismiss the second amended complaint, with leave to amend. On October 16, 2020, a third amended complaint was filed in the consolidated putative securities class action. On December 20, 2021, the district court granted our motion to dismiss the third amended complaint, with prejudice. On January 17, 2022, the plaintiffs filed a notice of appeal of the order dismissing their case, and the appeal is now pending before the U.S. Court of Appeals for the Ninth Circuit. With respect to the multiple putative class actions filed against us beginning on March 20, 2018 alleging fraud and violations of consumer protection, privacy, and other laws in connection with the same matters, several of the cases brought on behalf of consumers in the United States were consolidated in the U.S. District Court for the Northern District of California. On September 9, 2019, the court granted, in part, and denied, in part, our motion to dismiss the consolidated putative consumer class action. On August 26, 2022, the parties reached a settlement in principle to resolve this matter, which is subject to court approval. 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. We entered into a settlement and modified consent order to resolve the FTC inquiry, which 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. The state attorneys general inquiry and certain government inquiries in other jurisdictions remain ongoing. On July 16, 2021, a stockholder derivative action was filed in Delaware Chancery Court against certain of our directors and officers asserting breach of fiduciary duty and related claims relating to our historical platform and user data practices, as well as our settlement with the FTC. On July 20, 2021, other stockholders filed an amended derivative complaint in a related Delaware Chancery Court action, asserting breach of fiduciary duty and related claims against certain of our current and former directors and officers in connection with our historical platform and user data practices. On November 4, 2021, the lead plaintiffs filed a second amended and consolidated complaint in the stockholder derivative action. We believe the lawsuits described above are without merit, and we are vigorously defending them. We also notify the Irish Data Protection Commission (IDPC), our lead European Union privacy regulator under the General Data Protection Regulation (GDPR), of certain other personal data breaches and privacy issues, and are subject to inquiries and investigations by the IDPC and other European regulators regarding various aspects of our regulatory compliance. For example, we are currently subject to an IDPC inquiry regarding Meta Platforms Ireland's ability to transfer European Union/European Economic Area Facebook user data to the United States, which is described further in "Legal Proceedings" contained in Part II, Item 1 of this Quarterly Report on Form 10-Q. The GDPR is still a relatively new law and draft decisions in investigations by the IDPC are subject to review by other European privacy regulators as part of the GDPR's consistency mechanism, which may lead to significant changes in the final outcome of such investigations. As a result, the interpretation and enforcement of the GDPR, as well as the imposition and amount of penalties for non-compliance, are subject to significant uncertainty. Although we are vigorously defending our regulatory compliance, we have accrued significant amounts for loss contingencies related to these inquiries and investigations in Europe, and we believe there is a reasonable possibility that additional accruals for losses related to these matters could be material in the aggregate. We are also subject to other government inquiries and investigations relating to our business activities and disclosure practices. For example, beginning in September 2021, we became subject to government investigations and requests relating to a former employee's allegations and release of internal company documents concerning, among other things, our algorithms, advertising and user metrics, and content enforcement practices, as well as misinformation and other undesirable activity on our platform, and user well-being. We have since received additional requests relating to these and other topics. Beginning on October 27, 2021, multiple putative class actions and derivative actions were filed in the U.S. District Court for the Northern District of California 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 the same matters, and seeking unspecified damages. We believe these lawsuits are without merit, and we are vigorously defending them. On March 8, 2022, a putative class action was filed in the U.S. District Court for the Northern District of California 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 fourth quarter of 2021 and seeking unspecified damages. We believe this lawsuit is without merit, and we are vigorously defending it. Beginning on August 15, 2018, multiple putative class actions were filed against us alleging that we inflated our estimates of the potential audience size for advertisements, resulting in artificially increased demand and higher prices. The cases were consolidated in the U.S. District Court for the Northern District of California and seek unspecified damages and injunctive relief. In a series of rulings in 2019, 2021, and 2022, the court dismissed certain of the plaintiffs' claims, but permitted its fraud and unfair competition claims to proceed. On March 29, 2022, the court granted the plaintiffs' motion for class certification. On June 21, 2022, the U.S. Court of Appeals for the Ninth Circuit granted our petition for permission to appeal the district court's class certification order, and the district court subsequently stayed the case. We believe this lawsuit is without merit, and we are vigorously defending it. In addition, we are subject to litigation and other proceedings involving law enforcement and other regulatory agencies, including in particular in Brazil, Russia, and other countries in 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. For example, we are subject to various litigation and government inquiries and investigations, formal or informal, by competition authorities in the United States, Europe, and other jurisdictions. Such investigations, inquiries, and lawsuits concern, among other things, our business practices in the areas of social networking or social media services, digital advertising, and/or mobile or online applications, as well as our acquisitions. For example, in June 2019 we were informed by the FTC that it had opened an antitrust investigation of our company. On December 9, 2020, the FTC filed a complaint against us in the U.S. District Court for the District of Columbia alleging that we engaged in anticompetitive conduct and unfair methods of competition in violation of Section 5 of the Federal Trade Commission Act and Section 2 of the Sherman Act, including by acquiring Instagram in 2012 and WhatsApp in 2014 and by maintaining conditions on access to our platform. In addition, beginning in the third quarter of 2019, we became the subject of antitrust investigations by the U.S. Department of Justice and state attorneys general. On December 9, 2020, the attorneys general from 46 states, the territory of Guam, and the District of Columbia filed a complaint against us in the U.S. District Court for the District of Columbia alleging that we engaged in anticompetitive conduct in violation of Section 2 of the Sherman Act, including by acquiring Instagram in 2012 and WhatsApp in 2014 and by maintaining conditions on access to our platform. The complaint also alleged that we violated Section 7 of the Clayton Act by acquiring Instagram and WhatsApp. The complaints of the FTC and attorneys general both sought a permanent injunction against our company's alleged violations of the antitrust laws, and other equitable relief, including divestiture or reconstruction of Instagram and WhatsApp. On June 28, 2021, the court granted our motions to dismiss the complaints filed by the FTC and attorneys general, dismissing the FTC's complaint with leave to amend and dismissing the attorneys general's case without prejudice. On July 28, 2021, the attorneys general filed a notice of appeal of the order dismissing their case and that appeal is now pending before the U.S. Court of Appeals for the District of Columbia Circuit. On August 19, 2021, the FTC filed an amended complaint, and on October 4, 2021, we filed a motion to dismiss this amended complaint. On January 11, 2022, the court denied our motion to dismiss the FTC's amended complaint. Multiple putative class actions have also been filed in state and federal courts in the United States and in the United Kingdom against us alleging violations of antitrust laws and other causes of action in connection with these acquisitions and/or other alleged anticompetitive conduct, and seeking damages and injunctive relief. Several of the cases brought on behalf of certain advertisers and users in the United States were consolidated in the U.S. District Court for the Northern District of California. On January 14, 2022, the court granted, in part, and denied, in part, our motion to dismiss the consolidated actions. On March 1, 2022, a first amended consolidated complaint was filed in the putative class action brought on behalf of certain advertisers. We believe these lawsuits are without merit, and we are vigorously defending them. In addition, on July 27, 2022, the FTC filed a complaint against us in the U.S. District Court for the Northern District of California seeking to preliminarily enjoin our proposed acquisition of Within Unlimited as an alleged violation of antitrust law. The FTC subsequently filed a related complaint in their administrative court seeking to permanently enjoin the transaction as a violation of Section 7 of the Clayton Act, and seeking other relief as well. 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 legal proceedings, claims, regulatory, tax, or government inquiries and investigations, and 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 and related 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 13 — Income Taxes. Indemnifications In the normal course of business, to facilitate transactions of services and products, we have agreed to indemnify certain parties with respect to certain matters. We have agreed to hold certain parties harmless against losses arising from a breach of representations or covenants, or out of intellectual property infringement or other claims made by third parties. These agreements may limit the time within which an indemnification claim can be made and the amount of the claim. In addition, we have entered into indemnification agreements with our officers, directors, and certain employees, and our certificate of incorporation and bylaws contain similar indemnification obligations. It is not possible to determine the maximum potential amount under these indemnification agreements due to the limited history of prior indemnification claims and the unique facts and circumstances involved in each particular agreement. Historically, payments made by us under these agreements have not had a material impact on our condensed consolidated financial statements. In our opinion, as of September 30, 2022, there was not a reasonable possibility we had incurred a material loss with respect to indemnification of such parties. We have not recorded any liability for costs related to indemnification through September 30, 2022.

Stockholders' Equity

Stockholders' Equity	9 Months Ended
Stockholders' Equity	Sep. 30, 2022
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 commenced in January 2017 and does not have an expiration date. As of December 31, 2021, $38.79 billion remained available and authorized for repurchases under this program. During the nine months ended September 30, 2022, we repurchased and subsequently retired 101 million shares of our Class A common stock for an aggregate amount of $21.02 billion. As of September 30, 2022, $17.78 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 Plan We have one active share-based employee compensation plan, the 2012 Equity Incentive Plan, which was amended in each of June 2016 and February 2018 (Amended 2012 Plan). Our Amended 2012 Plan provides for the issuance of incentive and nonqualified stock options, restricted stock awards, stock appreciation rights, RSUs, performance shares, and stock bonuses to qualified employees, directors, and consultants. Shares that are withheld in connection with the net settlement of RSUs or forfeited are added to the reserves of the Amended 2012 Plan. Effective January 1, 2022, there were 136 million shares of our Class A common stock reserved for future issuance under our Amended 2012 Plan. Pursuant to the automatic increase provision under our Amended 2012 Plan, the number of shares reserved for issuance 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 nine months ended September 30, 2022: Number of Shares Weighted-Average Grant Date Fair Value Per Share (in thousands) Unvested at December 31, 2021 98,848 $ 244.32 Granted 99,379 $ 201.25 Vested (39,368) $ 219.68 Forfeited (13,340) $ 234.21 Unvested at September 30, 2022 145,519 $ 222.49 The fair value as of the respective vesting dates of RSUs that vested during the three months ended September 30, 2022 and 2021 was $2.59 billion and $4.10 billion, respectively, and $7.77 billion and $10.58 billion during the nine months ended September 30, 2022 and 2021, respectively. The income tax benefit recognized related to awards vested during the three months ended September 30, 2022 and 2021 was $543 million and $881 million, respectively, and $1.64 billion and $2.27 billion during the nine months ended September 30, 2022 and 2021, respectively. As of September 30, 2022, there was $30.68 billion of unrecognized share-based compensation expense related to RSU 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	9 Months Ended
Income Taxes	Sep. 30, 2022
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 tax law changes, the effects of acquisitions, and the integration of those acquisitions. Our gross unrecognized tax benefits were $10.55 billion and $9.81 billion on September 30, 2022 and December 31, 2021, respectively. These unrecognized tax benefits were primarily accrued for the uncertainties related to transfer pricing with our foreign subsidiaries, which include licensing of intellectual property, providing services and other transactions, as well as for uncertainties with our research tax credits. If the gross unrecognized tax benefits as of September 30, 2022 were realized in a future period, this would result in a tax benefit of $6.46 billion within our provision for income taxes at such time. The amount of interest and penalties accrued was $1.01 billion and $960 million as of September 30, 2022 and December 31, 2021, respectively. We expect to continue to accrue unrecognized tax benefits for certain recurring tax positions. 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 2019 tax years. Our 2020 and subsequent tax years remain open to examination by the IRS and the Irish Revenue Commissioners. 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 and has done so in years covered by the second Notice described below. We do not agree with the p osition of the IRS and have filed a petition in the Tax Court challenging the Notice. On January 15, 2020, the IRS's amendment to answer was filed 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 was completed in March 2020 and the final trial session was completed in August 2022. We expect the Tax Court to issue an opinion in 2024. Based on t he 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 (ASC 740), 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 . As of September 30, 2022, 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 tax 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.

Segment and Geographical Inform

Segment and Geographical Information	9 Months Ended
Segment and Geographical Information	Sep. 30, 2022
Segments, Geographical Areas [Abstract]
Segment and Geographical Information	Segment and Geographical Information We report our financial results for our two reportable segments: Family of Apps (FoA) and Reality Labs (RL). FoA includes Facebook, Instagram, Messenger, WhatsApp, and other services. RL includes augmented and virtual reality related consumer hardware, software, and content. Our operating segments are the same as our reportable segments. Our Chief Executive Officer is our chief operating decision maker (CODM), who allocates resources to and assesses the performance of each operating segment using information about the operating segment's revenue and income (loss) from operations. Our CODM does not evaluate operating segments using asset or liability information. Revenue and costs and expenses are generally directly attributed to our segments. These costs and expenses include certain product development related operating expenses, costs associated with partnership arrangements, consumer hardware product costs, content costs, and legal-related costs. Indirect costs are allocated to segments based on a reasonable allocation methodology, when such costs are significant to the performance measures of the operating segments. Indirect cost of revenue is allocated to our segments based on usage, such as costs related to the operation of our data centers and technical infrastructure. Indirect operating expenses, such as facilities, information technology, certain shared research and development activities, recruiting, and physical security expenses, are mostly allocated based on headcount. The following table sets forth our segment information of revenue and income (loss) from operations (in millions). For comparative purposes, amounts in the prior periods have been recast: Three Months Ended September 30, Nine Months Ended September 30, 2022 2021 2022 2021 Revenue: Family of Apps $ 27,429 $ 28,452 $ 83,011 $ 82,861 Reality Labs 285 558 1,433 1,397 Total revenue $ 27,714 $ 29,010 $ 84,444 $ 84,258 Income (loss) from operations: Family of Apps $ 9,336 $ 13,054 $ 31,983 $ 41,058 Reality Labs (3,672) (2,631) (9,438) (6,890) Total income from operations $ 5,664 $ 10,423 $ 22,545 $ 34,168 For information regarding revenue disaggregated by geography, see Note 2 — Revenue. 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 (in millions): September 30, 2022 December 31, 2021 United States $ 73,195 $ 55,497 Rest of the world (1) 14,184 14,467 Total long-lived assets $ 87,379 $ 69,964 ____________________________________ (1) No individual country, other than disclosed above, exceeded 10% of our total long-lived assets for any period presented.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	9 Months Ended
Summary of Significant Accounting Policies (Policies)	Sep. 30, 2022
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The accompanying unaudited condensed consolidated fi nancial 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 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, 2021. The condensed consolidated balance sheet as of December 31, 2021 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 Meta Platforms, Inc., its 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, 2022.
Use of Estimates	Use of Estimates Preparation of condensed consolidated financial statements in 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 revenue recognition, valuation of non-marketable equity securities, income taxes, loss contingencies, including the ultimate resolution of litigation, regulatory matters, and asserted and unasserted claims, valuation of long-lived assets including goodwill, intangible assets, and property and equipment, and their associated estimated useful lives, valuation of purchase commitments, credit losses of available-for-sale debt securities and accounts receivable, fair value of financial instruments and fair value of leases. These estimates are based on management's knowledge about current events, interpretations of regulations, and expectations about actions we may undertake in the future. Actual results could differ materially from those estimates. In connection with our periodic reviews of the estimated useful lives of property and equipment, we extended the estimated average useful lives of a majority of the servers and network assets from four years to 4.5 years, effective the second quarter of 2022, as a result of expected longer refresh cycles in our data centers. The financial impact of this change in estimate was a reduction in depreciation expense of $482 million and an increase in net income of $394 million, or $0.14 per diluted share for the nine months ended September 30, 2022. The impact from the change in our estimates was calculated based on the servers and network assets existing as of the effective date of the change and applying the revised estimated useful lives prospectively.
Significant Accounting Policies	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, 2021, certain of which are further discussed below. Long-lived Assets In the third quarter of 2022, we made a decision to sublease, early terminate, or abandon several office buildings under operating leases to align our real property lease arrangements with our anticipated operating needs. As a result, we also began to review the related operating lease right-of-use (ROU) assets and leasehold improvements for impairment under Accounting Standards Codification (ASC) Topic 360. In connection with the above decision, in the three months ended September 30, 2022, we recorded an impairment loss of $413 million for operating lease ROU assets and leasehold improvements. The impairment loss represents the amount by which the carrying value exceeded the estimated fair value of these assets. Of the total impairment loss, $33 million is included in cost of revenue, $231 million in research and development, $74 million in marketing and sales, and $75 million in general and administrative on our condensed consolidated statements of income during the three months ended September 30, 2022. The impairment loss recorded under our Family of Apps (FoA) segment was $338 million with the remaining $75 million recognized in our Reality Labs (RL) segment. The fair values of the impaired assets were estimated using discounted cash flow models (income approach) based on market participant assumptions with Level 3 inputs. The assumptions used in estimating fair value include the expected downtime prior to the commencement of future subleases, projected sublease income over the remaining lease periods, and discount rates that reflect the level of risk associated with receiving future cash flows. As we continue to evaluate our real property lease arrangements, we expect to reduce more office space and incur additional impairment charges in the foreseeable future, which may have a material adverse impact on our consolidated financial statements in the aggregate.
Impairment or Disposal of Long-Lived Assets, Policy	In connection with the above decision, in the three months ended September 30, 2022, we recorded an impairment loss of $413 million for operating lease ROU assets and leasehold improvements. The impairment loss represents the amount by which the carrying value exceeded the estimated fair value of these assets. Of the total impairment loss, $33 million is included in cost of revenue, $231 million in research and development, $74 million in marketing and sales, and $75 million in general and administrative on our condensed consolidated statements of income during the three months ended September 30, 2022. The impairment loss recorded under our Family of Apps (FoA) segment was $338 million with the remaining $75 million recognized in our Reality Labs (RL) segment. The fair values of the impaired assets were estimated using discounted cash flow models (income approach) based on market participant assumptions with Level 3 inputs. The assumptions used in estimating fair value include the expected downtime prior to the commencement of future subleases, projected sublease income over the remaining lease periods, and discount rates that reflect the level of risk associated with receiving future cash flows.
Recent Accounting Pronouncements Adopted and Not Yet Adopted	Recently Adopted Accounting Pronouncements On January 1, 2022, we early adopted Accounting Standards Update (ASU) No. 2021-08, Business Combinations (Topic 805): Accounting for Contract Assets and Contract Liabilities from Contracts with Customers (ASU 2021-08), which clarifies that an acquirer of a business should recognize and measure contract assets and contract liabilities in a business combination in accordance with ASC Topic 606, Revenue from Contracts with Customers . The adoption of this new standard did not have a material impact on our condensed consolidated financial statements. On July 1, 2022, we early adopted ASU No. 2022-03, Fair Value Measurement (Topic 820): Fair Value Measurement of Equity Securities Subject to Contractual Sale Restrictions (ASU 2022-03), which clarifies and amends the guidance of measuring the fair value of equity securities subject to contractual restrictions that prohibit the sale of the equity securities. The adoption of this new standard did not have a material impact on our condensed consolidated financial statements. Accounting Pronouncements Not Yet Adopted In November 2021, the Financial Accounting Standards Board (FASB) issued ASU No. 2021-10, Government Assistance (Topic 832): Disclosure by Business Entities about Government Assistance (ASU 2021-10), which requires the disclosure of government assistance received by most business entities relating to: (1) the types of government assistance received; (2) the accounting for such assistance; and (3) the effect of the assistance on a business entity's financial statements. This guidance will be effective for our annual financial statements for the year ended December 31, 2022. The adoption of this new standard will not have a material impact on our condensed consolidated financial statements.
Earnings Per Share	We compute earnings per share (EPS) of Class A and Class B common stock using the two-class method. As the liquidation and dividend rights for both Class A and Class B common stock are identical, the undistributed earnings are allocated on a proportionate basis to the weighted-average number of common shares outstanding for the period. 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, including awards under our equity compensation plan. 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 is computed by dividing the resulting net income by the weighted-average number of fully diluted common shares outstanding.
Commitments and Contingencies	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 legal proceedings, claims, regulatory, tax, or government inquiries and investigations, and 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.
Segment Reporting	We report our financial results for our two reportable segments: Family of Apps (FoA) and Reality Labs (RL). FoA includes Facebook, Instagram, Messenger, WhatsApp, and other services. RL includes augmented and virtual reality related consumer hardware, software, and content. Our operating segments are the same as our reportable segments. Our Chief Executive Officer is our chief operating decision maker (CODM), who allocates resources to and assesses the performance of each operating segment using information about the operating segment's revenue and income (loss) from operations. Our CODM does not evaluate operating segments using asset or liability information. Revenue and costs and expenses are generally directly attributed to our segments. These costs and expenses include certain product development related operating expenses, costs associated with partnership arrangements, consumer hardware product costs, content costs, and legal-related costs. Indirect costs are allocated to segments based on a reasonable allocation methodology, when such costs are significant to the performance measures of the operating segments. Indirect cost of revenue is allocated to our segments based on usage, such as costs related to the operation of our data centers and technical infrastructure. Indirect operating expenses, such as facilities, information technology, certain shared research and development activities, recruiting, and physical security expenses, are mostly allocated based on headcount.

Revenue (Tables)

Revenue (Tables)	9 Months Ended
Revenue (Tables)	Sep. 30, 2022
Revenue from Contract with Customer [Abstract]
Disaggregation of Revenue	Revenue disaggregated by revenue source and by segment consists of the following (in millions). For comparative purposes, amounts in the prior periods have been recast: Three Months Ended September 30, Nine Months Ended September 30, 2022 2021 2022 2021 Advertising $ 27,237 $ 28,276 $ 82,387 $ 82,294 Other revenue 192 176 624 567 Family of Apps 27,429 28,452 83,011 82,861 Reality Labs 285 558 1,433 1,397 Total revenue $ 27,714 $ 29,010 $ 84,444 $ 84,258 Revenue disaggregated by geography, based on the addresses of our customers, consists of the following (in millions): Three Months Ended September 30, Nine Months Ended September 30, 2022 2021 2022 2021 United States and Canada (1) $ 11,966 $ 12,668 $ 35,931 $ 36,716 Europe (2) 5,996 7,018 19,284 20,622 Asia-Pacific 6,797 6,592 20,480 19,370 Rest of World (2) 2,955 2,732 8,749 7,550 Total revenue $ 27,714 $ 29,010 $ 84,444 $ 84,258 ____________________________________ (1) United States revenue was $11.29 billion and $11.88 billion for the three months ended September 30, 2022 and 2021, respectively, and $33.81 billion and $34.45 billion for the nine months ended September 30, 2022 and 2021, respectively. (2) Europe includes Russia and Turkey, and Rest of World includes Africa, Latin America, and the Middle East.

Earnings per Share (Tables)

Earnings per Share (Tables)	9 Months Ended
Earnings per Share (Tables)	Sep. 30, 2022
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 September 30, Nine Months Ended September 30, 2022 2021 2022 2021 Class A Class B Class A Class B Class A Class B Class A Class B Basic EPS: Numerator Net income $ 3,729 $ 666 $ 7,782 $ 1,412 $ 15,736 $ 2,811 $ 24,588 $ 4,497 Denominator Shares used in computation of basic earnings per share 2,276 406 2,382 432 2,293 410 2,394 438 Basic EPS $ 1.64 $ 1.64 $ 3.27 $ 3.27 $ 6.86 $ 6.86 $ 10.27 $ 10.27 Diluted EPS: Numerator Net income $ 3,729 $ 666 $ 7,782 $ 1,412 $ 15,736 $ 2,811 $ 24,588 $ 4,497 Reallocation of net income as a result of conversion of Class B to Class A common stock 666 — 1,412 — 2,811 — 4,497 — Reallocation of net income to Class B common stock — (1) — (22) — (16) — (69) Net income for diluted EPS $ 4,395 $ 665 $ 9,194 $ 1,390 $ 18,547 $ 2,795 $ 29,085 $ 4,428 Denominator Shares used in computation of basic earnings per share 2,276 406 2,382 432 2,293 410 2,394 438 Conversion of Class B to Class A common stock 406 — 432 — 410 — 438 — Weighted-average effect of dilutive RSUs 5 — 45 — 15 — 44 — Shares used in computation of diluted earnings per share 2,687 406 2,859 432 2,718 410 2,876 438 Diluted EPS $ 1.64 $ 1.64 $ 3.22 $ 3.22 $ 6.82 $ 6.82 $ 10.11 $ 10.11

Cash, Cash Equivalents, Marke_2

Cash, Cash Equivalents, Marketable Securities, and Restricted Cash (Tables)	9 Months Ended
	Sep. 30, 2022
Cash and Cash Equivalents and Marketable Securities [Abstract]
Cash and Cash Equivalents, Marketable Securities, and Restricted Cash	The following table sets forth the cash, cash equivalents, and marketable securities by major security type, and restricted cash (in millions): September 30, 2022 December 31, 2021 Cash and cash equivalents: Cash $ 6,160 $ 7,308 Money market funds 6,789 8,850 U.S. government securities 752 25 U.S. government agency securities 155 108 Certificates of deposit and time deposits 435 250 Corporate debt securities 17 60 Total cash and cash equivalents 14,308 16,601 Marketable securities: Marketable debt securities: U.S. government securities 9,303 10,901 U.S. government agency securities 5,049 5,927 Corporate debt securities 13,033 14,569 Total marketable debt securities 27,385 31,397 Marketable equity securities 83 — Total marketable securities 27,468 31,397 Restricted cash: Restricted cash included in prepaid expenses and other current assets 232 149 Restricted cash included in other assets 711 115 Total restricted cash 943 264 Total cash, cash equivalents, marketable securities, and restricted cash $ 42,719 $ 48,262
Available-for-sale Marketable Securities	The following table summarizes our available-for-sale marketable debt securities and cash equivalents with unrealized losses as of September 30, 2022, aggregated by major security type and the length of time that individual securities have been in a continuous loss position (in millions): September 30, 2022 Less than 12 months 12 months or greater Total Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses U.S. government securities $ 7,418 $ (423) $ 1,793 $ (119) $ 9,211 $ (542) U.S. government agency securities 2,117 (82) 2,934 (270) 5,051 (352) Corporate debt securities 8,861 (653) 3,869 (374) 12,730 (1,027) Total $ 18,396 $ (1,158) $ 8,596 $ (763) $ 26,992 $ (1,921)
Marketable Securities by Contractual Maturities	The following table classifies our marketable debt securities by contractual maturities (in millions): September 30, 2022 Due within one year $ 4,116 Due after one year to five years 23,269 Total $ 27,385

Non-marketable Equity Securit_2

Non-marketable Equity Securities (Tables)	9 Months Ended
Non-marketable Equity Securities (Tables)	Sep. 30, 2022
Investments, Debt and Equity Securities [Abstract]
Carrying Value of Nonmarketable Equity Securities	Our non-marketable equity securities are investments in privately-held companies without readily determinable fair values. The following table summarizes our non-marketable equity securities that were measured using measurement alternative and equity method (in millions): September 30, 2022 December 31, 2021 Non-marketable equity securities under measurement alternative: Initial cost $ 6,388 $ 6,480 Cumulative upward adjustments 293 311 Cumulative impairment/downward adjustments (186) (50) Carrying value 6,495 6,741 Non-marketable equity securities under equity method 33 34 Total $ 6,528 $ 6,775

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
Fair Value Measurements (Tables)	Sep. 30, 2022
Fair Value Disclosures [Abstract]
Assets and Liabilities Measured at Fair Value	The following table summarizes our assets measured at fair value on a recurring basis and the classification by level of input within the fair value hierarchy (in millions): Fair Value Measurement at Reporting Date Using Description September 30, 2022 Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs Cash equivalents: Money market funds $ 6,789 $ 6,789 $ — $ — U.S. government securities 752 752 — — U.S. government agency securities 155 155 — — Certificates of deposit and time deposits 435 — 435 — Corporate debt securities 17 — 17 — Marketable securities: U.S. government securities 9,303 9,303 — — U.S. government agency securities 5,049 5,049 — — Corporate debt securities 13,033 — 13,033 — Marketable equity securities 83 4 — 79 Restricted cash equivalents 586 586 — — Other assets 194 — — 194 Total $ 36,396 $ 22,638 $ 13,485 $ 273 Fair Value Measurement at Reporting Date Using Description December 31, 2021 Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs Cash equivalents: Money market funds $ 8,850 $ 8,850 $ — $ — U.S. government securities 25 25 — — U.S. government agency securities 108 108 — — Certificates of deposit and time deposits 250 — 250 — Corporate debt securities 60 — 60 — Marketable securities: U.S. government securities 10,901 10,901 — — U.S. government agency securities 5,927 5,927 — — Corporate debt securities 14,569 — 14,569 — Restricted cash equivalents 71 71 — — Other assets 160 — — 160 Total $ 40,921 $ 25,882 $ 14,879 $ 160

Property and Equipment (Tables)

Property and Equipment (Tables)	9 Months Ended
Property and Equipment (Tables)	Sep. 30, 2022
Property, Plant and Equipment [Abstract]
Property and Equipment	Property and equipment, net consists of the following (in millions): September 30, 2022 December 31, 2021 Land $ 1,762 $ 1,688 Servers and network assets 31,438 25,584 Buildings 25,313 22,531 Leasehold improvements 6,625 5,795 Equipment and other 5,375 4,764 Finance lease right-of-use assets 2,995 2,840 Construction in progress 23,623 14,687 Property and equipment, gross 97,131 77,889 Less: Accumulated depreciation (23,393) (20,080) Property and equipment, net $ 73,738 $ 57,809

Leases (Tables)

Leases (Tables)	9 Months Ended
Leases (Tables)	Sep. 30, 2022
Leases [Abstract]
Components of Lease Costs	The components of lease costs are as follows (in millions): Three Months Ended September 30, Nine Months Ended September 30, 2022 2021 2022 2021 Finance lease cost: Amortization of right-of-use assets $ 92 $ 88 $ 285 $ 252 Interest 4 4 12 11 Operating lease cost 480 386 1,326 1,119 Variable lease cost and other, net 87 68 263 194 Total lease cost $ 663 $ 546 $ 1,886 $ 1,576
Lease, Balance Sheet Information	Supplemental balance sheet information related to leases is as follows: September 30, 2022 December 31, 2021 Weighted-average remaining lease term: Finance leases 13.9 years 13.9 years Operating leases 12.7 years 13.0 years Weighted-average discount rate: Finance leases 2.8 % 2.7 % Operating leases 3.0 % 2.8 %
Finance Lease, Liability, Maturity	The following is a schedule, by years, of maturities of lease liabilities as of September 30, 2022 (in millions): Operating Leases Finance Leases The remainder of 2022 $ 302 $ 28 2023 1,775 68 2024 1,916 55 2025 1,630 47 2026 1,575 47 Thereafter 12,612 452 Total undiscounted cash flows 19,810 697 Less: Imputed interest (3,832) (116) Present value of lease liabilities $ 15,978 $ 581 Lease liabilities, current $ 1,291 $ 64 Lease liabilities, non-current 14,687 517 Present value of lease liabilities $ 15,978 $ 581
Operating Lease, Liability, Maturity	The following is a schedule, by years, of maturities of lease liabilities as of September 30, 2022 (in millions): Operating Leases Finance Leases The remainder of 2022 $ 302 $ 28 2023 1,775 68 2024 1,916 55 2025 1,630 47 2026 1,575 47 Thereafter 12,612 452 Total undiscounted cash flows 19,810 697 Less: Imputed interest (3,832) (116) Present value of lease liabilities $ 15,978 $ 581 Lease liabilities, current $ 1,291 $ 64 Lease liabilities, non-current 14,687 517 Present value of lease liabilities $ 15,978 $ 581
Lease, Cash Flow Information	Supplemental cash flow information related to leases is as follows (in millions): Nine Months Ended September 30, 2022 2021 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows for operating leases $ 1,197 $ 1,040 Operating cash flows for finance leases $ 11 $ 11 Financing cash flows for finance leases $ 615 $ 505 Lease liabilities arising from obtaining right-of-use assets: Operating leases $ 3,565 $ 2,921 Finance leases $ 114 $ 124

Acquisitions, Goodwill, and I_2

Acquisitions, Goodwill, and Intangible Assets (Tables)	9 Months Ended
Acquisitions, Goodwill, and Intangible Assets (Tables)	Sep. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Changes in Carrying Amount of Goodwill	Changes in the carrying amount of goodwill by reportable segment for the nine months ended September 30, 2022 are as follows (in millions): Family of Apps Reality Labs Total Goodwill at December 31, 2021 $ 18,458 $ 739 $ 19,197 Acquisitions 773 329 1,102 Adjustments 19 (50) (31) Goodwill at September 30, 2022 $ 19,250 $ 1,018 $ 20,268
Schedule of Finite-lived and Indefinite Lived 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): September 30, 2022 December 31, 2021 Weighted-Average Remaining Useful Lives Gross Carrying Amount Accumulated Amortization Net Carrying Amount Gross Carrying Amount Accumulated Amortization Net Carrying Amount Acquired technology 5.3 $ 604 $ (255) $ 349 $ 1,412 $ (1,169) $ 243 Acquired patents 2.8 379 (300) 79 827 (722) 105 Trade names 3.9 11 (2) 9 644 (633) 11 Other 9.0 75 (19) 56 176 (167) 9 Total finite-lived assets 1,069 (576) 493 3,059 (2,691) 368 Total indefinite-lived assets N/A 382 — 382 266 — 266 Total intangible assets $ 1,451 $ (576) $ 875 $ 3,325 $ (2,691) $ 634
Expected Amortization Expense for Unamortized Acquired Intangible Assets	As of September 30, 2022, expected amortization expense for the unamortized finite-lived intangible assets for the next five years and thereafter is as follows (in millions): The remainder of 2022 $ 45 2023 137 2024 110 2025 66 2026 32 Thereafter 103 Total $ 493

Long-term Debt (Tables)

Long-term Debt (Tables)	9 Months Ended
Long-term Debt (Tables)	Sep. 30, 2022
Debt Disclosure [Abstract]
Schedule of Long-Term Debt Instruments	The following table summarizes the Notes and the carrying amount of our debt as of September 30, 2022 (in millions, except percentages): Maturity Stated Interest Rate Effective Interest Rate September 30, 2022 2027 Notes 2027 3.50% 3.63% $ 2,750 2032 Notes 2032 3.85% 3.92% 3,000 2052 Notes 2052 4.45% 4.51% 2,750 2062 Notes 2062 4.65% 4.71% 1,500 Total face amount of long-term debt 10,000 Unamortized discount and issuance costs, net (78) Long-term debt $ 9,922
Schedule of Maturities of Long-Term Debt	As of September 30, 2022, future principal payments for the Notes, by year, are as follows (in millions): Remainder of 2022 through 2026 $ — 2027 2,750 Thereafter 7,250 Total outstanding debt $ 10,000

Commitment and Contingencies (T

Commitment and Contingencies (Tables)	9 Months Ended
Commitment and Contingencies (Tables)	Sep. 30, 2022
Commitments and Contingencies Disclosure [Abstract]
Contractual Commitments	The following is a schedule, by years, of non-cancelable contractual commitments as of September 30, 2022 (in millions): The remainder of 2022 $ 7,200 2023 9,211 2024 1,922 2025 1,154 2026 295 Thereafter 2,565 Total $ 22,347

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	9 Months Ended
Stockholders' Equity (Tables)	Sep. 30, 2022
Equity [Abstract]
Restricted Stock Units Award Activity	The following table summarizes the activities for our unvested RSUs for the nine months ended September 30, 2022: Number of Shares Weighted-Average Grant Date Fair Value Per Share (in thousands) Unvested at December 31, 2021 98,848 $ 244.32 Granted 99,379 $ 201.25 Vested (39,368) $ 219.68 Forfeited (13,340) $ 234.21 Unvested at September 30, 2022 145,519 $ 222.49

Segment and Geographical Info_2

Segment and Geographical Information (Tables)	9 Months Ended
Segment and Geographical Information (Tables)	Sep. 30, 2022
Segments, Geographical Areas [Abstract]
Schedule of Segment Reporting Information, by Segment	The following table sets forth our segment information of revenue and income (loss) from operations (in millions). For comparative purposes, amounts in the prior periods have been recast: Three Months Ended September 30, Nine Months Ended September 30, 2022 2021 2022 2021 Revenue: Family of Apps $ 27,429 $ 28,452 $ 83,011 $ 82,861 Reality Labs 285 558 1,433 1,397 Total revenue $ 27,714 $ 29,010 $ 84,444 $ 84,258 Income (loss) from operations: Family of Apps $ 9,336 $ 13,054 $ 31,983 $ 41,058 Reality Labs (3,672) (2,631) (9,438) (6,890) Total income from operations $ 5,664 $ 10,423 $ 22,545 $ 34,168
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 (in millions): September 30, 2022 December 31, 2021 United States $ 73,195 $ 55,497 Rest of the world (1) 14,184 14,467 Total long-lived assets $ 87,379 $ 69,964 ____________________________________ (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 ($) $ / shares in Units, $ in Millions	3 Months Ended			9 Months Ended
	Sep. 30, 2022	Jun. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Property, Plant and Equipment
Increase (decrease) in depreciation expense	$ 2,130		$ 1,870	$ 6,170	$ 5,590
Increase (decrease) in net income	$ 4,395		$ 9,194	$ 18,547	$ 29,085
Diluted (in dollars per share)	$ 1.64		$ 3.22	$ 6.82	$ 10.11
Impairment related to leases and leasehold improvements	$ 413			$ 413	$ 0
Family of Apps
Property, Plant and Equipment
Impairment related to leases and leasehold improvements	338
Reality Labs
Property, Plant and Equipment
Impairment related to leases and leasehold improvements	75
Cost of revenue
Property, Plant and Equipment
Impairment related to leases and leasehold improvements	33
Research and development
Property, Plant and Equipment
Impairment related to leases and leasehold improvements	231
Marketing and sales
Property, Plant and Equipment
Impairment related to leases and leasehold improvements	74
General and administrative
Property, Plant and Equipment
Impairment related to leases and leasehold improvements	$ 75
Change in Accounting Estimate
Property, Plant and Equipment
Increase (decrease) in depreciation expense				(482)
Increase (decrease) in net income				$ 394
Diluted (in dollars per share)				$ 0.14
Servers and network assets \| Minimum
Property, Plant and Equipment
Estimated useful lives		4 years
Servers and network assets \| Maximum
Property, Plant and Equipment
Estimated useful lives		4 years 6 months

Revenue - Disaggregation of Rev

Revenue - Disaggregation of Revenue (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Disaggregation of Revenue [Line Items]
Revenue:	$ 27,714	$ 29,010	$ 84,444	$ 84,258
United States and Canada
Disaggregation of Revenue [Line Items]
Revenue:	11,966	12,668	35,931	36,716
Europe
Disaggregation of Revenue [Line Items]
Revenue:	5,996	7,018	19,284	20,622
Asia-Pacific
Disaggregation of Revenue [Line Items]
Revenue:	6,797	6,592	20,480	19,370
Rest of World
Disaggregation of Revenue [Line Items]
Revenue:	2,955	2,732	8,749	7,550
United States
Disaggregation of Revenue [Line Items]
Revenue:	11,290	11,880	33,810	34,450
Family of Apps
Disaggregation of Revenue [Line Items]
Revenue:	27,429	28,452	83,011	82,861
Reality Labs
Disaggregation of Revenue [Line Items]
Revenue:	285	558	1,433	1,397
Advertising \| Family of Apps
Disaggregation of Revenue [Line Items]
Revenue:	27,237	28,276	82,387	82,294
Other revenue \| Family of Apps
Disaggregation of Revenue [Line Items]
Revenue:	$ 192	$ 176	$ 624	$ 567

Revenue - Narrative (Details)

Revenue - Narrative (Details) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Revenue from Contract with Customer [Abstract]
Total deferred revenue balance	$ 513	$ 596
Deferred revenue, current	$ 478

Earnings per Share - Narrative

Earnings per Share - Narrative (Details) - shares shares in Millions	3 Months Ended	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2022
Restricted Stock Units (RSUs)
Earnings Per Share, Basic, by Common Class, Including Two Class Method
Shares excluded from EPS calc (in shares)	119	93

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		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Numerator
Net income	$ 4,395	$ 9,194	$ 18,547	$ 29,085
Denominator
Shares used in computation of basic earnings per share (in shares)	2,682	2,814	2,703	2,832
Basic EPS (in dollars per share)	$ 1.64	$ 3.27	$ 6.86	$ 10.27
Numerator
Net income	$ 4,395	$ 9,194	$ 18,547	$ 29,085
Denominator
Shares used in computation of basic earnings per share (in shares)	2,682	2,814	2,703	2,832
Number of shares used for diluted EPS computation (in shares)	2,687	2,859	2,718	2,876
Diluted EPS (in dollars per share)	$ 1.64	$ 3.22	$ 6.82	$ 10.11
Class A Common Stock
Numerator
Net income	$ 3,729	$ 7,782	$ 15,736	$ 24,588
Denominator
Shares used in computation of basic earnings per share (in shares)	2,276	2,382	2,293	2,394
Basic EPS (in dollars per share)	$ 1.64	$ 3.27	$ 6.86	$ 10.27
Numerator
Net income	$ 3,729	$ 7,782	$ 15,736	$ 24,588
Reallocation of net income as a result of conversion of Class B to Class A common stock	666	1,412	2,811	4,497
Reallocation of net income to Class B common stock	0	0	0	0
Net income for diluted EPS	$ 4,395	$ 9,194	$ 18,547	$ 29,085
Denominator
Shares used in computation of basic earnings per share (in shares)	2,276	2,382	2,293	2,394
Conversion of Class B to Class A common stock (in shares)	406	432	410	438
Weighted average effect of dilutive RSUs (in shares)	5	45	15	44
Number of shares used for diluted EPS computation (in shares)	2,687	2,859	2,718	2,876
Diluted EPS (in dollars per share)	$ 1.64	$ 3.22	$ 6.82	$ 10.11
Class B Common Stock
Numerator
Net income	$ 666	$ 1,412	$ 2,811	$ 4,497
Denominator
Shares used in computation of basic earnings per share (in shares)	406	432	410	438
Basic EPS (in dollars per share)	$ 1.64	$ 3.27	$ 6.86	$ 10.27
Numerator
Net income	$ 666	$ 1,412	$ 2,811	$ 4,497
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	(1)	(22)	(16)	(69)
Net income for diluted EPS	$ 665	$ 1,390	$ 2,795	$ 4,428
Denominator
Shares used in computation of basic earnings per share (in shares)	406	432	410	438
Conversion of Class B to Class A common stock (in shares)	0	0	0	0
Weighted average effect of dilutive RSUs (in shares)	0	0	0	0
Number of shares used for diluted EPS computation (in shares)	406	432	410	438
Diluted EPS (in dollars per share)	$ 1.64	$ 3.22	$ 6.82	$ 10.11

Cash, Cash Equivalents, Marke_3

Cash, Cash Equivalents, Marketable Securities, and Restricted Cash - Breakout of Cash, Cash Equivalents and Marketable Securities (Details) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021	Sep. 30, 2021
Cash and Cash Equivalents, and Marketable Securities
Cash and cash equivalents:	$ 14,308	$ 16,601	$ 14,496
Marketable debt securities:	27,385	31,397
Marketable equity securities	83	0
Total marketable securities	27,468	31,397
Restricted cash:	943	264
Total cash, cash equivalents, marketable securities, and restricted cash	42,719	48,262
Restricted cash included in prepaid expenses and other current assets
Cash and Cash Equivalents, and Marketable Securities
Restricted cash:	232	149	195
Restricted cash included in other assets
Cash and Cash Equivalents, and Marketable Securities
Restricted cash:	711	115	$ 113
U.S. government securities
Cash and Cash Equivalents, and Marketable Securities
Marketable debt securities:	9,303	10,901
U.S. government agency securities
Cash and Cash Equivalents, and Marketable Securities
Marketable debt securities:	5,049	5,927
Corporate debt securities
Cash and Cash Equivalents, and Marketable Securities
Marketable debt securities:	13,033	14,569
Cash
Cash and Cash Equivalents, and Marketable Securities
Cash and cash equivalents:	6,160	7,308
Money market funds
Cash and Cash Equivalents, and Marketable Securities
Cash and cash equivalents:	6,789	8,850
U.S. government securities
Cash and Cash Equivalents, and Marketable Securities
Cash and cash equivalents:	752	25
U.S. government agency securities
Cash and Cash Equivalents, and Marketable Securities
Cash and cash equivalents:	155	108
Certificates of deposit and time deposits
Cash and Cash Equivalents, and Marketable Securities
Cash and cash equivalents:	435	250
Corporate debt securities
Cash and Cash Equivalents, and Marketable Securities
Cash and cash equivalents:	$ 17	$ 60

Cash, Cash Equivalents, Marke_4

Cash, Cash Equivalents, Marketable Securities, and Restricted Cash - Available-for-sale Marketable Securities (Details) $ in Millions	Sep. 30, 2022 USD ($)
Marketable Securities [Line Items]
Less than 12 months, Fair Value	$ 18,396
Less than 12 months, Unrealized Losses	(1,158)
12 months or greater, Fair Value	8,596
12 months or greater, Unrealized Losses	(763)
Fair Value	26,992
Unrealized losses	(1,921)
U.S. government securities
Marketable Securities [Line Items]
Less than 12 months, Fair Value	7,418
Less than 12 months, Unrealized Losses	(423)
12 months or greater, Fair Value	1,793
12 months or greater, Unrealized Losses	(119)
Fair Value	9,211
Unrealized losses	(542)
U.S. government agency securities
Marketable Securities [Line Items]
Less than 12 months, Fair Value	2,117
Less than 12 months, Unrealized Losses	(82)
12 months or greater, Fair Value	2,934
12 months or greater, Unrealized Losses	(270)
Fair Value	5,051
Unrealized losses	(352)
Corporate debt securities
Marketable Securities [Line Items]
Less than 12 months, Fair Value	8,861
Less than 12 months, Unrealized Losses	(653)
12 months or greater, Fair Value	3,869
12 months or greater, Unrealized Losses	(374)
Fair Value	12,730
Unrealized losses	$ (1,027)

Cash, Cash Equivalents, Marke_5

Cash, Cash Equivalents, Marketable Securities, and Restricted Cash - Narrative (Details) $ in Millions	Sep. 30, 2022 USD ($)
Cash and Cash Equivalents and Marketable Securities [Abstract]
Gross unrealized loss on marketable securities	$ 1,920

Cash, Cash Equivalents, Marke_6

Cash, Cash Equivalents, Marketable Securities, and Restricted Cash - Contractual Maturities of Marketable Debt Securities (Details) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Contractual Maturities of Marketable Securities
Due within one year	$ 4,116
Due after one year to five years	23,269
Total	$ 27,385	$ 31,397

Non-marketable Equity Securit_3

Non-marketable Equity Securities - Carrying Value of Equity Investments (Details) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Investments, Debt and Equity Securities [Abstract]
Initial cost	$ 6,388	$ 6,480
Cumulative upward adjustments	293	311
Cumulative impairment/downward adjustments	(186)	(50)
Carrying value	6,495	6,741
Non-marketable equity securities under equity method	33	34
Total	$ 6,528	$ 6,775

Non-marketable Equity Securit_4

Non-marketable Equity Securities - Narrative (Details) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Non-marketable Equity Securities [Line Items]
Carrying value	$ 6,495	$ 6,741
Giphy
Non-marketable Equity Securities [Line Items]
Carrying value	$ 264

Fair Value Measurements - Asset

Fair Value Measurements - Assets Measured at Fair Value (Details) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Marketable securities:	$ 27,385	$ 31,397
Marketable equity securities	83	0
Restricted cash equivalents	586	71
Other assets	194	160
Total	36,396	40,921
Quoted Prices in Active Markets for Identical Assets (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Marketable equity securities	4
Restricted cash equivalents	586	71
Other assets	0	0
Total	22,638	25,882
Significant Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Marketable equity securities	0
Restricted cash equivalents	0	0
Other assets	0	0
Total	13,485	14,879
Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Marketable equity securities	79
Restricted cash equivalents	0	0
Other assets	194	160
Total	273	160
U.S. government securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Marketable securities:	9,303	10,901
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:	9,303	10,901
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:	5,049	5,927
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:	5,049	5,927
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:	13,033	14,569
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:	13,033	14,569
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:	6,789	8,850
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:	6,789	8,850
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:	752	25
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:	752	25
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:	155	108
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:	155	108
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	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	0
Certificates of deposit and time deposits
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Cash equivalents:	435	250
Certificates of deposit 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
Certificates of deposit and time deposits \| Significant Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Cash equivalents:	435	250
Certificates of deposit 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:	17	60
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	0
Corporate debt securities \| Significant Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Cash equivalents:	17	60
Corporate debt securities \| Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Cash equivalents:	$ 0	$ 0

Fair Value Measurements - Narra

Fair Value Measurements - Narrative (Details) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Non-marketable equity securities	$ 6,528	$ 6,775
Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Non-Marketable Equity Securities at Fair Value		$ 913

Property and Equipment - Summar

Property and Equipment - Summary (Details) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Property, Plant and Equipment
Finance lease right-of-use assets	$ 2,995	$ 2,840
Property and equipment, gross	97,131	77,889
Less: Accumulated depreciation	(23,393)	(20,080)
Property and equipment, net	73,738	57,809
Land
Property, Plant and Equipment
Property and equipment, gross	1,762	1,688
Servers and network assets
Property, Plant and Equipment
Property and equipment, gross	31,438	25,584
Buildings
Property, Plant and Equipment
Property and equipment, gross	25,313	22,531
Leasehold improvements
Property, Plant and Equipment
Property and equipment, gross	6,625	5,795
Equipment and other
Property, Plant and Equipment
Property and equipment, gross	5,375	4,764
Construction in progress
Property, Plant and Equipment
Property and equipment, gross	$ 23,623	$ 14,687

Property and Equipment - Narrat

Property and Equipment - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Property, Plant and Equipment [Abstract]
Depreciation	$ 2,130	$ 1,870	$ 6,170	$ 5,590

Leases - Components of Lease Co

Leases - Components of Lease Cost (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Finance lease cost:
Amortization of right-of-use assets	$ 92	$ 88	$ 285	$ 252
Interest	4	4	12	11
Operating lease cost	480	386	1,326	1,119
Variable lease cost and other, net	87	68	263	194
Total lease cost	$ 663	$ 546	$ 1,886	$ 1,576

Leases - Lease, Balance Sheet I

Leases - Lease, Balance Sheet Information (Details)	Sep. 30, 2022	Dec. 31, 2021
Weighted-average remaining lease term:
Finance leases	13 years 10 months 24 days	13 years 10 months 24 days
Operating leases	12 years 8 months 12 days	13 years
Weighted-average discount rate:
Finance leases	2.80%	2.70%
Operating leases	3%	2.80%

Leases - Maturities of Lease Li

Leases - Maturities of Lease Liabilities (Details) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Operating Leases
The remainder of 2022	$ 302
2023	1,775
2024	1,916
2025	1,630
2026	1,575
Thereafter	12,612
Total undiscounted cash flows	19,810
Less: Imputed interest	(3,832)
Present value of lease liabilities	15,978
Operating lease liabilities, current	1,291	$ 1,127
Operating lease liabilities, non-current	14,687	$ 12,746
Finance Leases
The remainder of 2022	28
2023	68
2024	55
2025	47
2026	47
Thereafter	452
Total undiscounted cash flows	697
Less: Imputed interest	(116)
Present value of lease liabilities	581
Lease liabilities, current	64
Lease liabilities, non-current	$ 517
Operating Lease, Liability, Current, Statement of Financial Position [Extensible Enumeration]	Accrued expenses and other current liabilities
Finance Lease, Liability, Statement of Financial Position [Extensible Enumeration]	Accrued expenses and other current liabilities
Operating Lease, Liability, Noncurrent, Statement of Financial Position [Extensible Enumeration]	Operating lease liabilities, non-current
Finance Lease, Liability, Noncurrent, Statement of Financial Position [Extensible Enumeration]	Other liabilities

Leases - Narrative (Details)

Leases - Narrative (Details) $ in Millions	3 Months Ended	9 Months Ended
Leases - Narrative (Details) $ in Millions	Sep. 30, 2022 USD ($)	Sep. 30, 2022 USD ($)
Lessee, Lease, Description [Line Items]
Operating lease not yet commenced	$ 8,620	$ 8,620
Finance lease not yet commenced	1,540	$ 1,540
Operating lease, impairment loss	$ 353
Minimum
Lessee, Lease, Description [Line Items]
Lease not yet commenced, term		1 year
Maximum
Lessee, Lease, Description [Line Items]
Lease not yet commenced, term		30 years

Leases - Supplemental Cash Flow

Leases - Supplemental Cash Flow (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for operating leases	$ 1,197	$ 1,040
Operating cash flows for finance leases	11	11
Financing cash flows for finance leases	615	505
Lease liabilities arising from obtaining right-of-use assets:
Operating leases	3,565	2,921
Finance leases	$ 114	$ 124

Acquisitions, Goodwill, and I_3

Acquisitions, Goodwill, and Intangible Assets - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Business Acquisition [Line Items]
Goodwill	$ 20,268		$ 20,268		$ 19,197
Amortization expense	45	$ 124	138	$ 364
Several Business Acquisitions
Business Acquisition [Line Items]
Consideration transferred			1,180
Assets acquired	302		302
Goodwill	1,100		1,100
Liabilities assumed	$ 223		$ 223

Acquisitions, Goodwill, and I_4

Acquisitions, Goodwill, and Intangible Assets - Change in Carrying Amount of Goodwill (Details) $ in Millions	9 Months Ended
	Sep. 30, 2022 USD ($)
Segment Reporting Information [Line Items]
Goodwill, Beginning Balance	$ 19,197
Acquisitions	1,102
Adjustments	(31)
Goodwill, Ending Balance	20,268
Family of Apps
Segment Reporting Information [Line Items]
Goodwill, Beginning Balance	18,458
Acquisitions	773
Adjustments	19
Goodwill, Ending Balance	19,250
Reality Labs
Segment Reporting Information [Line Items]
Goodwill, Beginning Balance	739
Acquisitions	329
Adjustments	(50)
Goodwill, Ending Balance	$ 1,018

Acquisitions, Goodwill, and I_5

Acquisitions, Goodwill, and Intangible Assets - Intangible Assets (Detail) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2022	Dec. 31, 2021
Finite-Lived Intangible Assets, Net [Abstract]
Gross Carrying Amount	$ 1,069	$ 3,059
Accumulated Amortization	(576)	(2,691)
Total	493	368
Indefinite-lived Intangible Assets (Excluding Goodwill) [Abstract]
Total indefinite-lived assets	382	266
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Gross Carrying Amount	1,451	3,325
Accumulated Amortization	(576)	(2,691)
Net Carrying Amount	$ 875	634
Acquired technology
Finite-Lived Intangible Assets [Line Items]
Weighted-Average Remaining Useful Lives (in years)	5 years 3 months 18 days
Finite-Lived Intangible Assets, Net [Abstract]
Gross Carrying Amount	$ 604	1,412
Accumulated Amortization	(255)	(1,169)
Total	349	243
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Accumulated Amortization	$ (255)	(1,169)
Acquired patents
Finite-Lived Intangible Assets [Line Items]
Weighted-Average Remaining Useful Lives (in years)	2 years 9 months 18 days
Finite-Lived Intangible Assets, Net [Abstract]
Gross Carrying Amount	$ 379	827
Accumulated Amortization	(300)	(722)
Total	79	105
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Accumulated Amortization	$ (300)	(722)
Trade names
Finite-Lived Intangible Assets [Line Items]
Weighted-Average Remaining Useful Lives (in years)	3 years 10 months 24 days
Finite-Lived Intangible Assets, Net [Abstract]
Gross Carrying Amount	$ 11	644
Accumulated Amortization	(2)	(633)
Total	9	11
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Accumulated Amortization	$ (2)	(633)
Other
Finite-Lived Intangible Assets [Line Items]
Weighted-Average Remaining Useful Lives (in years)	9 years
Finite-Lived Intangible Assets, Net [Abstract]
Gross Carrying Amount	$ 75	176
Accumulated Amortization	(19)	(167)
Total	56	9
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Accumulated Amortization	$ (19)	$ (167)

Acquisitions, Goodwill, and I_6

Acquisitions, Goodwill, and Intangible Assets - Estimated Amortization Expense (Details) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Finite-Lived Intangible Assets, Amortization Expense, Maturity Schedule [Abstract]
The remainder of 2022	$ 45
2023	137
2024	110
2025	66
2026	32
Thereafter	103
Total	$ 493	$ 368

Long-term Debt - Narrative (Det

Long-term Debt - Narrative (Details) - USD ($) $ in Millions	1 Months Ended	9 Months Ended
	Aug. 31, 2022	Sep. 30, 2022	Sep. 30, 2021
Debt Instrument
Proceeds from issuance of long-term debt, net		$ 9,921	$ 0
Senior Notes
Debt Instrument
Debt instrument, face amount	$ 10,000
Proceeds from issuance of long-term debt, net	$ 9,920
Estimate of Fair Value Measurement \| Significant Other Observable Inputs (Level 2) \| Senior Notes
Debt Instrument
Long-term debt, fair value		$ 8,660

Long-term Debt - Schedule of Ca

Long-term Debt - Schedule of Carrying Values and Estimated Fair Values of Debt Instruments (Details) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Debt Instrument
Total face amount of long-term debt	$ 10,000
Unamortized discount and issuance costs, net	(78)
Long-term debt	$ 9,922	$ 0
2027 Notes
Debt Instrument
Stated Interest Rate	3.50%
Effective Interest Rate	3.63%
Total face amount of long-term debt	$ 2,750
2032 Notes
Debt Instrument
Stated Interest Rate	3.85%
Effective Interest Rate	3.92%
Total face amount of long-term debt	$ 3,000
2052 Notes
Debt Instrument
Stated Interest Rate	4.45%
Effective Interest Rate	4.51%
Total face amount of long-term debt	$ 2,750
2062 Notes
Debt Instrument
Stated Interest Rate	4.65%
Effective Interest Rate	4.71%
Total face amount of long-term debt	$ 1,500

Long-term Debt - Schedule of Ma

Long-term Debt - Schedule of Maturities of Long-Term Debt (Details) $ in Millions	Sep. 30, 2022 USD ($)
Maturities of Long-Term Debt [Abstract]
Remainder of 2022 through 2026	$ 0
2027	2,750
Thereafter	7,250
Total face amount of long-term debt	$ 10,000

Commitments and Contingencies -

Commitments and Contingencies - Narrative (Details) $ in Millions		1 Months Ended	9 Months Ended
	Jul. 27, 2018 claim	Apr. 30, 2020 USD ($)	Sep. 30, 2022 USD ($)	Dec. 09, 2020 State
Loss Contingencies [Line Items]
Non-cancelable contractual obligations			$ 22,347
Total estimated spend, purchase commitment			$ 8,640
Commitment period			5 years
Number of class actions filed \| claim	2
Number of states U.S attorney generals filed complaints from \| State				46
FTC Inquiry
Loss Contingencies [Line Items]
Payment of penalty for settlement		$ 5,000

Commitments and Contingencies_2

Commitments and Contingencies - Contractual Commitments (Details) $ in Millions	Sep. 30, 2022 USD ($)
Commitments and Contingencies Disclosure [Abstract]
The remainder of 2022	$ 7,200
2023	9,211
2024	1,922
2025	1,154
2026	295
Thereafter	2,565
Total	$ 22,347

Stockholders' Equity - Share Re

Stockholders' Equity - Share Repurchase Program (Details) - USD ($) shares in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Equity [Abstract]
Remaining authorized repurchase amount	$ 17,780		$ 17,780		$ 38,790
Shares repurchased and retired (in shares)			101
Shares repurchased and retired	$ 6,548	$ 14,372	$ 21,017	$ 25,631

Stockholders' Equity - Share-ba

Stockholders' Equity - Share-based Compensation Plans (Detail) shares in Millions	9 Months Ended
	Sep. 30, 2022 plan	Jan. 01, 2022 shares
Share-based Compensation Arrangement by Share-based Payment Award
Share-based employee compensation plans, number \| plan	1
Equity Incentive Plan 2012
Share-based Compensation Arrangement by Share-based Payment Award
Equity incentive plan shares authorized (in shares) \| shares		136
Shares reserved for issuance increase, percentage	2.50%

Stockholders' Equity - Restrict

Stockholders' Equity - Restricted Stock Units (Details) - Restricted Stock Units (RSUs) shares in Thousands	9 Months Ended
	Sep. 30, 2022 $ / shares shares
Number of Shares
Unvested at beginning of period (in shares) \| shares	98,848
Granted (in shares) \| shares	99,379
Vested (in shares) \| shares	(39,368)
Forfeited (in shares) \| shares	(13,340)
Unvested at end of period (in shares) \| shares	145,519
Weighted-Average Grant Date Fair Value Per Share
Unvested at beginning of period (in dollars per share) \| $ / shares	$ 244.32
Granted (in dollars per share) \| $ / shares	201.25
Vested (in dollars per share) \| $ / shares	219.68
Forfeited (in dollars per share) \| $ / shares	234.21
Unvested at end of period (in dollars per share) \| $ / shares	$ 222.49

Stockholders' Equity - Addition

Stockholders' Equity - Additional Award Disclosures (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Share-based Compensation Arrangement by Share-based Payment Award
Unrecognized share-based compensation expense	$ 30,680		$ 30,680
Unrecognized share-based compensation expense recognition period (in years)			3 years
Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award
Fair value of vested RSUs	2,590	$ 4,100	$ 7,770	$ 10,580
Tax benefit	$ 543	$ 881	$ 1,640	$ 2,270

Income Taxes (Details)

Income Taxes (Details) $ in Millions	1 Months Ended
Income Taxes (Details) $ in Millions	Mar. 31, 2018 USD ($) notice	Jul. 31, 2016 USD ($)	Sep. 30, 2022 USD ($)	Dec. 31, 2021 USD ($)
Income Tax Contingency [Line Items]
Unrecognized tax benefits			$ 10,550	$ 9,810
Unrecognized tax benefits that would result in tax benefit if realized			6,460
Accrued interest and penalties			$ 1,010	$ 960
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
Number of notices \| notice	2

Segment and Geographical Info_3

Segment and Geographical Information - Narrative (Details)	9 Months Ended
Segment and Geographical Information - Narrative (Details)	Sep. 30, 2022 reportable_segment
Segments, Geographical Areas [Abstract]
Number of reportable segments (in segments)	2

Segment and Geographical Info_4

Segment and Geographical Information - Segment Information of Revenue and Income (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Segment Reporting Information [Line Items]
Revenue:	$ 27,714	$ 29,010	$ 84,444	$ 84,258
Income (loss) from operations:	5,664	10,423	22,545	34,168
Family of Apps
Segment Reporting Information [Line Items]
Revenue:	27,429	28,452	83,011	82,861
Income (loss) from operations:	9,336	13,054	31,983	41,058
Reality Labs
Segment Reporting Information [Line Items]
Revenue:	285	558	1,433	1,397
Income (loss) from operations:	$ (3,672)	$ (2,631)	$ (9,438)	$ (6,890)

Segment and Geographical Info_5

Segment and Geographical Information - Property and Equipment, Net (Details) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Long-Lived Assets By Geographical Area
Total long-lived assets	$ 87,379	$ 69,964
United States
Long-Lived Assets By Geographical Area
Total long-lived assets	73,195	55,497
Rest of the world
Long-Lived Assets By Geographical Area
Total long-lived assets	$ 14,184	$ 14,467