XML 40 R30.htm IDEA: XBRL DOCUMENT
v3.23.3

Summary of Significant Accounting Policies (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2023
Accounting Policies [Abstract] |
Property and Equipment, Net by Geography | Property and equipment, net by geography was as follows:
| September 30, 2023 |  | December 31, 2022
U.S. | $ | 155.9 |  |  | $ | 167.5 |
France | 22.5 |  |  | 28.8 |
All other international | 20.3 |  |  | 29.3 |
| $ | 198.7 |  |  | $ | 225.6 |
Summary of Investments in Privately Held Equity Securities | We hold investments in privately held equity securities, which are recorded in other assets, and were as follows:
| Equity Investments
Equity investments as of December 31, 2022 | $ | 40.5 |
Fair market value adjustments(1) | 14.4 |
Impairment losses(1) | (2.3) |
Additional investments | 0.5 |
Equity investments as of September 30, 2023 | $ | 53.1 |
_________________________________ (1)Fair market value adjustments and impairment losses are recorded in other income (expense), net.
Revenue by Product Type | Revenue by major product type was as follows:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2023 |  | 2022 |  | 2023 |  | 2022
Applications and commerce | $ | 363.3 |  |  | $ | 326.0 |  |  | $ | 1,053.0 |  |  | $ | 946.3 |
Core platform: domains | 508.2 |  |  | 494.0 |  |  | 1,493.0 |  |  | 1,462.9 |
Core platform: other | 198.2 |  |  | 213.2 |  |  | 607.8 |  |  | 642.2 |
| $ | 1,069.7 |  |  | $ | 1,033.2 |  |  | $ | 3,153.8 |  |  | $ | 3,051.4 |
Revenue by Geography | Revenue by geography is based on the customer's billing address and was as follows:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2023 |  | 2022 |  | 2023 |  | 2022
U.S. | $ | 724.2 |  |  | $ | 700.6 |  |  | $ | 2,126.6 |  |  | $ | 2,058.2 |
International | 345.5 |  |  | 332.6 |  |  | 1,027.2 |  |  | 993.2 |
| $ | 1,069.7 |  |  | $ | 1,033.2 |  |  | $ | 3,153.8 |  |  | $ | 3,051.4 |
Fair Value of Assets and Liabilities Measured on a Recurring Basis | The following tables set forth our material assets and liabilities measured and recorded at fair value on a recurring basis:
| September 30, 2023
| Level 1 |  | Level 2 |  | Level 3 |  | Total
Assets: |  |  |  |  |  |  |
Cash and cash equivalents: |  |  |  |  |  |  |
Time deposits | $ | 71.0 |  |  | — |  |  | — |  |  | $ | 71.0 |
Derivative assets | — |  |  | 219.1 |  |  | — |  |  | 219.1 |
Total assets | $ | 71.0 |  |  | $ | 219.1 |  |  | $ | — |  |  | $ | 290.1 |
Liabilities: |  |  |  |  |  |  |
Derivative liabilities | $ | — |  |  | $ | 1.2 |  |  | $ | — |  |  | $ | 1.2 |
Total liabilities | $ | — |  |  | $ | 1.2 |  |  | $ | — |  |  | $ | 1.2 |
| December 31, 2022
| Level 1 |  | Level 2 |  | Level 3 |  | Total
Assets: |  |  |  |  |  |  |
Cash and cash equivalents: |  |  |  |  |  |  |
Commercial paper | $ | — |  |  | $ | 120.0 |  |  | $ | — |  |  | $ | 120.0 |
Time deposits | 347.3 |  |  | — |  |  | — |  |  | 347.3 |
Derivative assets | — |  |  | 218.5 |  |  | — |  |  | 218.5 |
Total assets | $ | 347.3 |  |  | $ | 338.5 |  |  | $ | — |  |  | $ | 685.8 |
Liabilities: |  |  |  |  |  |  |
Derivative liabilities | $ | — |  |  | $ | 4.9 |  |  | $ | — |  |  | $ | 4.9 |
Total liabilities | $ | — |  |  | $ | 4.9 |  |  | $ | — |  |  | $ | 4.9 |

X
- References No definition available. + Details
Name: | us-gaap_AccountingPoliciesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of long-lived assets, excluding financial instruments, long-term customer relationships of a financial institution, mortgage rights, deferred policy acquisition costs, and deferred tax assets, by geographic areas located in the entity's country of domicile and foreign countries in which the entity holds assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Subparagraph b -SubTopic 10 -Topic 280 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-41 + Details
Name: | us-gaap_LongLivedAssetsByGeographicAreasTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of revenue from external customers by geographic areas attributed to the entity's country of domicile and to foreign countries from which the entity derives revenue. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Subparagraph a -SubTopic 10 -Topic 280 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-41 + Details
Name: | us-gaap_RevenueFromExternalCustomersByGeographicAreasTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of entity-wide revenues from external customers for each product or service or each group of similar products or services if the information is not provided as part of the reportable operating segment information. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-40 + Details
Name: | us-gaap_ScheduleOfEntityWideInformationRevenueFromExternalCustomersByProductsAndServicesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-2 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-2 + Details
Name: | us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of investment in debt security measured at fair value with change in fair value recognized in net income (trading) and investment in equity security measured at fair value with change in fair value recognized in net income (FV-NI). + References No definition available. + Details
Name: | us-gaap_TradingSecuritiesAndCertainTradingAssetsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration