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INCOME TAXES
9 Months Ended
Sep. 30, 2025
Income Tax Disclosure [Abstract]  
Income Tax Disclosure INCOME TAXES
On July 4, 2025, the One Big Beautiful Bill Act (“OBBBA”) was enacted in the United States. The OBBBA includes significant provisions, such as the permanent extension of certain expiring provisions of the Tax Cuts and Jobs Act, modifications to the international tax framework and the restoration of favorable tax treatment for certain business provisions including the immediate expensing of United States research and development expenditures. The legislation has multiple effective dates, with certain provisions effective in fiscal 2025 and others effective from fiscal 2026. Cadence recognized the fiscal 2025 tax effects of the OBBBA in its provision for income taxes during the three months ended September 30, 2025, in accordance with ASC 740, Income Taxes. Cadence’s consolidated net deferred tax assets as of September 30, 2025 and December 31, 2024 were $858.2 million and $951.7 million, respectively. The decrease was principally due to the immediate expensing of United States research and development expenditures. The OBBBA did not materially impact Cadence’s estimated fiscal 2025 effective tax rate.