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FAIR VALUE OF CERTAIN FINANCIAL ASSETS AND LIABILITIES (Tables)

12 Months Ended

Dec. 31, 2023

FAIR VALUE OF CERTAIN FINANCIAL ASSETS AND LIABILITIES

Schedule of financial assets and liabilities recorded at fair value on a recurring basis


December 31, 2023		Level 1			Level 2			Level 3			Total
Cash		$	1,105,701		$	—		$	—		$	1,105,701
Money market funds			960,873			—			—			960,873
Certificates of deposit			—			33,824			—			33,824
Commercial paper			—			163,774			—			163,774
Corporate bonds			—			264,208			—			264,208
Municipal securities			—			361			—			361
U.S. government agency securities			—			159,585			—			159,585
U.S. treasuries			—			641,385			—			641,385
Foreign currency derivatives			—			(1,083)			—			(1,083)
Commodity derivatives			—			4,410			—			4,410
Total		$	2,066,574		$	1,266,464		$	—		$	3,333,038

Amounts included in:
Cash and cash equivalents		$	2,066,574		$	231,101		$	—		$	2,297,675
Short-term investments			—			955,605			—			955,605
Accounts receivable, net			—			4,618			—			4,618
Other assets			—			316			—			316
Investments			—			76,431			—			76,431
Accrued liabilities			—			(1,607)			—			(1,607)
Total		$	2,066,574		$	1,266,464		$	—		$	3,333,038


December 31, 2022		Level 1			Level 2			Level 3			Total
Cash		$	1,132,509		$	—		$	—		$	1,132,509
Money market funds			121,444			—			—			121,444
Certificates of deposit			—			10,078			—			10,078
Commercial paper			—			225,067			—			225,067
Variable rate demand notes			—			6,266			—			6,266
Municipal securities			—			213,798			—			213,798
U.S. government agency securities			—			113,357			—			113,357
U.S. treasuries			—			908,379			—			908,379
Foreign currency derivatives			—			(3,733)			—			(3,733)
Total		$	1,253,953		$	1,473,212		$	—		$	2,727,165

Amounts included in:
Cash and cash equivalents		$	1,253,953		$	53,188		$	—		$	1,307,141
Short-term investments			—			1,362,314			—			1,362,314
Accounts receivable, net			—			965			—			965
Investments			—			61,443			—			61,443
Accrued liabilities			—			(4,698)			—			(4,698)
Total		$	1,253,953		$	1,473,212		$	—		$	2,727,165