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FINANCIAL INSTRUMENTS (Tables)
3 Months Ended
Mar. 31, 2024
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:
 March 31, 2024
 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$215,371 $— $215,371 
Time deposits— 100,000 100,000 
Short-term investments:
Time deposits— 5,938 5,938 
Total$215,371 $105,938 $321,309 
 December 31, 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$125,659 $— $125,659 
Time deposits— 75,000 75,000 
Short-term investments:
Time deposits— 6,200 6,200 
Total$125,659 $81,200 $206,859 
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.
March 31, 2024December 31, 2023
Carrying ValueFair ValueCarrying ValueFair Value
(In thousands)
Long-term debt, net (a) (b)
$(3,843,901)$(3,556,289)$(3,842,242)$(3,586,177)
______________________
(a)At March 31, 2024 and December 31, 2023, the carrying value of long-term debt, net includes unamortized original issue discount and debt issuance costs of $31.1 million and $32.8 million, respectively.
(b)At March 31, 2024, the fair value of the 2026 Exchangeable Notes and 2030 Exchangeable Notes (described in “Note 4—Long-term Debt, net”) is $525.6 million and $495.6 million, respectively. At December 31, 2023, the fair value of the 2026 Exchangeable Notes and 2030 Exchangeable Notes is $517.2 million and $500.3 million, respectively.