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TAXES ON INCOME (Tables)
12 Months Ended
Dec. 31, 2023
Income Tax Disclosure [Abstract]  
Schedule of Components of Deferred Tax Assets and Liabilities
 
 
December 31,
 
 
 
2023
   
2022
 
 
           
Carry forward tax losses
 
$
36.2
   
$
38.7
 
Employee stock based compensation
   
30.3
     
34.9
 
Deferred revenues
   
3.0
     
3.5
 
Tax credits
   
32.5
     
29.8
 
Unrealized loss on marketable securities, net
   
11.8
     
29.6
 
Accrued employee costs
   
13.2
     
11.3
 
Other
   
17.3
     
16.3
 
 
               
Deferred tax assets before valuation allowance
   
144.3
     
164.1
 
Valuation allowance – mainly in respect to carryforward losses
   
(16.7
)
   
(17.5
)
 
               
Deferred tax asset
   
127.6
     
146.6
 
 
               
Intangible assets
   
(13.4
)
   
(32.8
)
Deferred commission
   
(9.3
)
   
(3.8
)
Other
   
(6.1
)
   
(15.8
)
 
               
Deferred tax liability
   
(28.8
)
   
(52.4
)
 
               
Deferred tax asset, net
 
$
98.8
   
$
94.2
 
Schedule of Income Before Taxes
 
 
Year ended
December 31,
 
 
 
2023
   
2022
   
2021
 
 
                 
Domestic
 
$
901.6
   
$
897.4
   
$
917.9
 
Foreign
   
74.0
     
30.9
     
31.7
 
 
                       
 
 
$
975.6
   
$
928.3
   
$
949.6
 
Schedule of Components of Income Tax Expense
 
 
Year ended
December 31,
 
 
 
2023
   
2022
   
2021
 
 
                 
Domestic taxes:
                 
Current
 
$
140.6
   
$
117.7
   
$
130.9
 
Deferred
   
(23.0
)
   
(1.3
)
   
(1.1
)
 
                       
 
   
117.6
     
116.4
     
129.8
 
Foreign taxes:
                       
Current
   
13.1
     
12.7
     
7.1
 
Deferred
   
4.6
     
2.3
     
(2.9
)
 
                       
 
   
17.7
     
15.0
     
4.2
 
 
                       
Taxes on income
 
$
135.3
   
$
131.4
   
$
134.0
 
Schedule of Reconciliation Of Unrecognized Tax Benefits
 
 
December 31,
 
 
 
2023
   
2022
 
 
           
Beginning balance
 
$
436.3
   
$
469.5
 
Decrease related to tax positions taken during prior years
   
(35.2
)
   
(85.4
)
Increase related to tax positions taken during the current year
   
51.9
     
52.2
 
 
               
 
               
Ending balance
 
$
*) 453.0
   
$
*) 436.3
 
Schedule of Effective Income Tax Reconciliation
 
 
Year ended December 31,
 
 
 
2023
   
2022
   
2021
 
 
                 
Income before taxes as reported in the statements of income
 
$
975.6
   
$
928.3
   
$
949.6
 
 
                       
Statutory tax rate in Israel
   
23
%
   
23
%
   
23
%
 
                       
Decrease in taxes resulting from:
                       
Effect of “Technological preferred or Preferred Enterprise” status *)
   
(8)
%
   
(13)
%
   
(11)
%
Others, net
   
(1)
%
   
4
%
   
2
%
 
                       
Effective tax rate
   
14
%
   
14
%
   
14
%
 
                       
*)         Basic earnings per share amounts of the benefit resulting from the “Technological preferred or Preferred Enterprise” status
 
$
0.66
   
$
0.95
   
$
0.80
 
 
                       
*)         Diluted earnings per share amounts of the benefit resulting from the “Technological preferred or Preferred Enterprise” status
 
$
0.65
   
$
0.94
   
$
0.80