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FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS (Tables) | 3 Months Ended
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Mar. 31, 2020
Fair Value Disclosures [Abstract] |
Schedule of Fair Value of Marketable Securities | At March 31, 2020 and December 31, 2019, the fair value of marketable securities are as follows:
| March 31, 2020 |  | December 31, 2019
| (In thousands)
Available-for-sale marketable debt securities | $ | 49,912 |  |  | $ | 19,993 |
Total marketable securities | $ | 49,912 |  |  | $ | 19,993 |
Schedule of Current Available-for-sale Marketable Securities | At December 31, 2019, current available-for-sale marketable debt securities were as follows:
| Amortized Cost |  | Gross Unrealized Gains |  | Gross Unrealized Losses |  | Fair Value
| (In thousands)
Commercial paper | 19,993 |  |  | — |  |  | — |  |  | 19,993 |
Total available-for-sale marketable debt securities | $ | 19,993 |  |  | $ | — |  |  | $ | — |  |  | $ | 19,993 |
At March 31, 2020, current available-for-sale marketable debt securities are as follows:
| Amortized Cost |  | Gross Unrealized Gains |  | Gross Unrealized Losses |  | Fair Value
| (In thousands)
Treasury discount notes | $ | 49,924 |  |  | $ | — |  |  | $ | (12 | ) |  | $ | 49,912 |
Total available-for-sale marketable debt securities | $ | 49,924 |  |  | $ | — |  |  | $ | (12 | ) |  | $ | 49,912 |
Schedule of Realized and Unrealized Gains and Losses | The following table presents a summary of unrealized gains and losses recorded in "Other (expense) income, net," as adjustments to the carrying value of equity securities without readily determinable fair values held as of March 31, 2020 and 2019.
| Three Months Ended March 31,
| 2020 |  | 2019
| (In thousands)
Upward adjustments (gross unrealized gains) | $ | — |  |  | $ | — |
Downward adjustments including impairment (gross unrealized losses) | (51,484 | ) |  | (150 | )
Total | $ | (51,484 | ) |  | $ | (150 | )
Realized and unrealized gains and losses for the Company's marketable equity securities and investments without readily determinable fair values for the three months ended March 31, 2020 and 2019 are as follows:
| Three Months Ended March 31,
| 2020 |  | 2019
| (In thousands)
Realized gains, net, for equity securities sold | $ | 12 |  |  | $ | 78 |
Unrealized losses, net, on equity securities held | (51,484 | ) |  | (122 | )
Total losses, net recognized in other (expense) income, net | $ | (51,472 | ) |  | $ | (44 | )
Schedule of Assets and Liabilities Measured at Fair Value on a Recurring Basis | The following tables present the Company's financial instruments that are measured at fair value on a recurring basis:
| March 31, 2020
| Quoted Market Prices in Active Markets for Identical Assets (Level 1) |  | Significant Other Observable Inputs (Level 2) |  | Significant Unobservable Inputs (Level 3) |  | Total Fair Value Measurements
| (In thousands)
Assets: |  |  |  |  |  |  |
Cash equivalents: |  |  |  |  |  |  |
Money market funds | $ | 2,007,519 |  |  | $ | — |  |  | $ | — |  |  | $ | 2,007,519 |
Treasury discount notes | — |  |  | 99,882 |  |  | — |  |  | 99,882 |
Time deposits | — |  |  | 72,809 |  |  | — |  |  | 72,809 |
Short-term investments | — |  |  | 20,000 |  |  | — |  |  | 20,000 |
Marketable securities: |  |  |  |  |  |  |
Treasury discount notes | — |  |  | 49,912 |  |  | — |  |  | 49,912 |
Other non-current assets: |  |  |  |  |  |  |
Warrant | — |  |  | — |  |  | 6,489 |  |  | 6,489 |
Total | $ | 2,007,519 |  |  | $ | 242,603 |  |  | $ | 6,489 |  |  | $ | 2,256,611 |
Liabilities: |  |  |  |  |  |  |
Contingent consideration arrangement | $ | — |  |  | $ | — |  |  | $ | (636 | ) |  | $ | (636 | )
| December 31, 2019
| Quoted Market Prices in Active Markets for Identical Assets (Level 1) |  | Significant Other Observable Inputs (Level 2) |  | Significant Unobservable Inputs (Level 3) |  | Total Fair Value Measurements
| (In thousands)
Assets: |  |  |  |  |  |  |
Cash equivalents: |  |  |  |  |  |  |
Money market funds | $ | 2,164,576 |  |  | $ | — |  |  | $ | — |  |  | $ | 2,164,576 |
Treasury discount notes | — |  |  | 199,896 |  |  | — |  |  | 199,896 |
Time deposits | — |  |  | 128,075 |  |  | — |  |  | 128,075 |
Commercial paper | — |  |  | 29,960 |  |  | — |  |  | 29,960 |
Marketable securities: |  |  |  |  |  |  |
Commercial paper | — |  |  | 19,993 |  |  | — |  |  | 19,993 |
Other non-current assets: |  |  |  |  |  |  |
Warrant | — |  |  | — |  |  | 8,495 |  |  | 8,495 |
Total | $ | 2,164,576 |  |  | $ | 377,924 |  |  | $ | 8,495 |  |  | $ | 2,550,995 |
Liabilities: |  |  |  |  |  |  |
Contingent consideration arrangement | $ | — |  |  | $ | — |  |  | $ | (6,918 | ) |  | $ | (6,918 | )
Schedule of Changes in Liabilities Measured at Fair Value on a Recurring Basis Using Significant Unobservable Inputs (Level 3) | The following table presents the changes in the Company's financial instruments that are measured at fair value on a recurring basis using significant unobservable inputs (Level 3):
| Three Months Ended March 31,
| 2020 |  | 2019
| Warrant |  | Contingent Consideration Arrangements |  | Contingent Consideration Arrangement
| (In thousands)
Balance at January 1 | $ | 8,495 |  |  | $ | (6,918 | ) |  | $ | (28,631 | )
Total net (losses) gains: |  |  |  |  |
Included in earnings: |  |  |  |  |
Fair value adjustments | (2,006 | ) |  | 6,282 |  |  | (1,529 | )
Included in other comprehensive loss | — |  |  | — |  |  | (14 | )
Fair value at date of acquisition | — |  |  | (1,000 | ) |  | — |
Settlements | — |  |  | 1,000 |  |  | 1,988 |
Balance at March 31 | $ | 6,489 |  |  | $ | (636 | ) |  | $ | (28,186 | )
Schedule of Carrying Value and the Fair Value of Financial Instruments Measured at Fair Value Only for Disclosure Purposes | The following table presents the carrying value and the fair value of financial instruments measured at fair value only for disclosure purposes:
| March 31, 2020 |  | December 31, 2019
| Carrying Value |  | Fair Value |  | Carrying Value |  | Fair Value
| (In thousands)
Current portion of long-term debt | $ | (13,750 | ) |  | $ | (13,750 | ) |  | $ | (13,750 | ) |  | $ | (13,681 | )
Long-term debt, net(a) | (3,625,008 | ) |  | (4,017,844 | ) |  | (3,121,572 | ) |  | (4,136,988 | )
_____________________ (a) At March 31, 2020 and December 31, 2019, the carrying value of long-term debt, net includes unamortized original issue discount and debt issuance costs of $397.8 million and $404.7 million, respectively.

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