XML 39 R27.htm IDEA: XBRL DOCUMENT v3.23.1
CASH AND CASH EQUIVALENTS, SHORT-TERM BANK DEPOSITS AND MARKETABLE SECURITIES (Tables)
12 Months Ended
Dec. 31, 2022
Cash, Cash Equivalents, and Short-term Investments [Abstract]  
Summary of Cash, Cash Equivalents and Investments
    
December 31,
 
    
2022
    
2021
 
Cash and cash equivalents:
                 
Cash
   $ 65.8          $ 170.8      
Money market funds
     95.5            6.6      
Short term deposits
     34.7            94.5      
    
 
 
    
 
 
 
     
Total Cash and cash equivalents
     196.0            271.9      
     
Short-term bank deposits:
     431.1            492.5      
Marketable securities:
                 
Government and corporate debentures - fixed interest rate
     2,025.8            2,262.5      
Government-sponsored enterprises debentures
     755.0            641.4      
Government and corporate debentures - floating interest rate
     95.3            115.1      
    
 
 
    
 
 
 
Total Marketable securities
     2,876.1            3,019.0      
Total Cash and cash equivalents, short-term bank deposits and marketable securities
   $     3,503.2          $     3,783.4      
    
 
 
    
 
 
 
Summary of Contractual Obligation, Fiscal Year Maturity
The following table classifies the Company’s marketable securities by contractual maturities:
 
    
December 31,
 
    
2022
    
2021
 
    
Fair Value
    
Amortized

Cost
    
Fair Value
    
Amortized

Cost
 
Contractual maturity year:
                                   
Within one year
   $ 1,010.5       $ 1,024.9      $ 929.3       $ 925.8   
After one year through five years
     1,865.6         1,974.5        2,089.7         2,094.7   
    
 
 
    
 
 
    
 
 
    
 
 
 
Total
   $     2,876.1       $     2,999.4      $     3,019.0       $     3,020.5