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FINANCIAL INSTRUMENTS (Tables)
6 Months Ended
Jun. 30, 2023
Fair Value Disclosures [Abstract]  
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:
 June 30, 2023
 Quoted Market
Prices in Active
Markets for
Identical Assets
(Level 1)
Significant Other Observable Inputs
(Level 2)
Total
Fair Value
Measurements
 (In thousands)
Assets:  
Cash equivalents:  
Money market funds$88,470 $— $88,470 
Time deposits— 95,771 95,771 
Short-term investments:
Time deposits— 8,349 8,349 
Total$88,470 $104,120 $192,590 
 December 31, 2022
 Quoted Market
Prices in Active
Markets for
Identical Assets
(Level 1)
Significant Other Observable Inputs
(Level 2)
Total
Fair Value
Measurements
 (In thousands)
Assets:  
Cash equivalents:  
Money market funds$77,150 $— $77,150 
Time deposits— 25,593 25,593 
Short-term investments:
Time deposits— 8,723 8,723 
Total$77,150 $34,316 $111,466 
Schedule of Carrying Value and Fair Value of Financial Instruments
The following table presents the carrying value and the fair value of financial instruments measured at fair value only for disclosure purposes.
June 30, 2023December 31, 2022
Carrying ValueFair ValueCarrying ValueFair Value
(In thousands)
Long-term debt, net (a) (b)
$(3,838,943)$(3,502,475)$(3,835,726)$(3,407,391)
______________________
(a)At June 30, 2023 and December 31, 2022, the carrying value of long-term debt, net includes unamortized original issue discount and debt issuance costs of $36.1 million and $39.3 million, respectively.
(b)At June 30, 2023, the fair value of the 2026 Exchangeable Notes and 2030 Exchangeable Notes (described in “Note 4—Long-term Debt, net”) is $516.9 million and $516.6 million, respectively. At December 31, 2022, the fair value of the 2026 Exchangeable Notes and 2030 Exchangeable Notes is $514.4 million and $499.7 million, respectively.