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FAIR VALUE OF CERTAIN FINANCIAL ASSETS AND LIABILITIES (Tables)

3 Months Ended

Mar. 31, 2024

FAIR VALUE OF CERTAIN FINANCIAL ASSETS AND LIABILITIES

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


March 31, 2024		Level 1			Level 2			Level 3			Total
Cash		$	973,260		$	—		$	—		$	973,260
Money market funds			1,026,552			—			—			1,026,552
Certificates of deposit			—			74,208			—			74,208
Commercial paper			—			193,959			—			193,959
Corporate bonds			—			205,924			—			205,924
U.S. government agency securities			—			146,214			—			146,214
U.S. treasuries			—			948,770			—			948,770
Foreign currency derivatives			—			(591)			—			(591)
Commodity derivatives			—			2,279			—			2,279
Total		$	1,999,812		$	1,570,763		$	—		$	3,570,575

Amounts included in:
Cash and cash equivalents		$	1,999,812		$	576,712		$	—		$	2,576,524
Short-term investments			—			984,201			—			984,201
Accounts receivable, net			—			2,981			—			2,981
Other assets			—			332			—			332
Investments			—			8,162			—			8,162
Accrued liabilities			—			(1,625)			—			(1,625)
Total		$	1,999,812		$	1,570,763		$	—		$	3,570,575


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