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Fair Value Measurements (Tables)
6 Months Ended
Jun. 30, 2025
Fair Value Disclosures [Abstract]  
Schedule Of Assets And Liabilities Carried At Fair Value Measured On A Recurring Basis
The following tables summarize the assets and liabilities carried at fair value measured on a recurring basis as of June 30, 2025 and December 31, 2024 (in thousands):  
 
Assets at Fair Value as of June 30, 2025
Asset CategoryLevel 1Level 2Level 3Total
Cash and cash equivalents (1)
$485,988 $— $— $485,988 
Deferred compensation plan assets (2)
72,351 — — 72,351 
Restricted cash (3)
1,173 — — 1,173 
Total$559,512 $— $— $559,512 

 
Assets at Fair Value as of December 31, 2024
Asset CategoryLevel 1Level 2Level 3Total
Cash and cash equivalents (1)
$1,339,550 $— $— $1,339,550 
Deferred compensation plan assets (2)
61,242 — — 61,242 
Restricted cash (3)
845 — — 845 
Total$1,401,637 $— $— $1,401,637 
 _________________________
(1)Cash and cash equivalents consist of deposit accounts and money market funds with original maturity dates of three months or less, which are Level 1 assets. At June 30, 2025 and December 31, 2024, we had $261.0 million and $1,088.0 million, respectively, in money market funds. From time to time, we have cash balances in certain of our domestic bank accounts that exceed federally insured limits.
(2)Deferred compensation plan assets are classified as “Other assets” in the Consolidated Balance Sheets.
(3)Restricted cash is classified as “Prepaid expenses and other” in the Consolidated Balance Sheets. Restricted cash represents cash held in account for use on customer contracts.