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OTHER CURRENT AND LONG-TERM ASSETS
 12 Months Ended
Dec. 31, 2023
Other Assets, Noncurrent [Abstract]  
OTHER CURRENT AND LONG-TERM ASSETS OTHER CURRENT AND LONG-TERM ASSETS
Other current assets consisted of the following:
(in thousands)December 31, 2023December 31, 2022
  
Contract assets, net (1)
$55,111 $41,854 
Consideration paid to customers (2)
54,081 50,776 
Prepaid expenses48,370 41,742 
Taxes receivable16,972 48,430 
Other29,061 37,687 
Other current assets$203,595 $220,489 
(1) Contract assets, net, are net of allowances for credit losses. Refer to “Note 6. Credit Losses.”
(2) Refer to “Note 3. Revenue, Up-Front Consideration Paid to Customers,” for more information regarding consideration paid to customers, previously referred to as customer acquisition costs.
Other long-term assets consisted of the following:
(in thousands)December 31, 2023December 31, 2022
  
Contract assets, net (1)
$167,963 $148,971 
Consideration paid to customers (2)
114,850 107,205 
Deferred income taxes107,364 55,215 
Equity investments30,250 30,250 
Investment in long-term product supply arrangements25,943 25,250 
Other50,164 50,838 
Other long-term assets$496,534 $417,729 
(1) Contract assets, net, are net of allowances for credit losses. Refer to “Note 6. Credit Losses.”
(2) Refer to “Note 3. Revenue, Up-Front Consideration Paid to Customers,” for more information regarding consideration paid to customers, previously referred to as customer acquisition costs.