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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

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