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Fair Value Measurements (Tables) | 6 Months Ended
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Jun. 30, 2021
Fair Value Disclosures [Abstract] |
Schedule of Fair Value of Assets and Liabilities Measured on Recurring Basis | Assets and liabilities of the Company are measured at fair value on a recurring basis as of June 30, 2021 and are summarized as follows:
|  |  |  |  |  | Fair Value Measurements at Reporting Date Using |
Description |  | June 30, 2021 |  |  | Quoted Prices in Active Markets for Identical Assets or Liabilities (Level 1) |  |  | Significant Other Observable Inputs (Level 2) |  |  | Significant Unobservable Inputs (Level 3) |
Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash equivalents: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Money market funds |  | $ | 112.2 |  |  | $ | 112.2 |  |  | $ | — |  |  | $ | — |
Commercial paper |  |  | 46.7 |  |  |  | — |  |  |  | 46.7 |  |  |  | — |
Available-for-sale investments: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Time deposits and certificates of deposit |  |  | 29.1 |  |  |  | — |  |  |  | 29.1 |  |  |  | — |
Bankers' acceptance drafts |  |  | 3.5 |  |  |  | — |  |  |  | 3.5 |  |  |  | — |
Commercial paper |  |  | 166.5 |  |  |  | — |  |  |  | 166.5 |  |  |  | — |
Corporate obligations |  |  | 8.0 |  |  |  | — |  |  |  | 8.0 |  |  |  |  |
U.S. treasury obligations |  |  | 76.7 |  |  |  | — |  |  |  | 76.7 |  |  |  | — |
Group insurance contracts |  |  | 6.6 |  |  |  | — |  |  |  | 6.6 |  |  |  | — |
Derivatives – foreign exchange forward contracts |  |  | 1.7 |  |  |  | — |  |  |  | 1.7 |  |  |  | — |
Derivatives – interest rate hedge-non-current |  |  | 3.7 |  |  |  | — |  |  |  | 3.7 |  |  |  |  |
Funds in investments and other assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Israeli pension assets |  |  | 18.8 |  |  |  | — |  |  |  | 18.8 |  |  |  | — |
Deferred compensation plan assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Mutual funds and exchange traded funds |  |  | 1.5 |  |  |  | — |  |  |  | 1.5 |  |  |  | — |
Total assets |  | $ | 475.0 |  |  | $ | 112.2 |  |  | $ | 362.8 |  |  | $ | — |
Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Derivatives –foreign exchange forward contracts |  | $ | 9.3 |  |  | $ | — |  |  | $ | 9.3 |  |  | $ | — |
Derivatives – interest rate hedge – non-current |  |  | 9.1 |  |  |  | — |  |  |  | 9.1 |  |  |  | — |
Total liabilities |  | $ | 18.4 |  |  | $ | — |  |  | $ | 18.4 |  |  | $ | — |
Reported as follows: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash equivalents |  | $ | 158.9 |  |  | $ | 112.2 |  |  | $ | 46.7 |  |  | $ | — |
Short-term investments |  |  | 283.8 |  |  |  | — |  |  |  | 283.8 |  |  |  | — |
Other current assets |  |  | 1.7 |  |  |  | — |  |  |  | 1.7 |  |  |  | — |
Total current assets |  | $ | 444.4 |  |  | $ | 112.2 |  |  | $ | 332.2 |  |  | $ | — |
Long-term investments |  | $ | 6.6 |  |  | $ | — |  |  | $ | 6.6 |  |  | $ | — |
Other assets |  |  | 24.0 |  |  |  | — |  |  |  | 24.0 |  |  |  | — |
Total long-term assets |  | $ | 30.6 |  |  | $ | — |  |  | $ | 30.6 |  |  | $ | — |
Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Other current liabilities |  | $ | 9.3 |  |  | $ | — |  |  | $ | 9.3 |  |  | $ | — |
Other liabilities |  | $ | 9.1 |  |  | $ | — |  |  | $ | 9.1 |  |  | $ | — |
Assets and liabilities of the Company are measured at fair value on a recurring basis as of December 31, 2020 and are summarized as follows:
|  |  |  |  |  | Fair Value Measurements at Reporting Date Using |
Description |  | December 31, 2020 |  |  | Quoted Prices in Active Markets for Identical Assets or Liabilities (Level 1) |  |  | Significant Other Observable Inputs (Level 2) |  |  | Significant Unobservable Inputs (Level 3) |
Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash equivalents: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Money market funds |  | $ | 1.3 |  |  | $ | 1.3 |  |  | $ | — |  |  | $ | — |
Commercial paper |  |  | 0.3 |  |  |  | — |  |  |  | 0.3 |  |  |  | — |
U.S. treasury obligations |  |  | 62.1 |  |  |  | — |  |  |  | 62.1 |  |  |  | — |
Available-for-sale investments: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Time deposits and certificates of deposit |  |  | 0.7 |  |  |  | — |  |  |  | 0.7 |  |  |  | — |
Bankers' acceptance drafts |  |  | 3.8 |  |  |  | — |  |  |  | 3.8 |  |  |  | — |
U.S. treasury obligations |  |  | 223.2 |  |  |  | — |  |  |  | 223.2 |  |  |  | — |
Group insurance contracts |  |  | 6.5 |  |  |  | — |  |  |  | 6.5 |  |  |  | — |
Funds in investments and other assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Israeli pension assets |  |  | 18.8 |  |  |  | — |  |  |  | 18.8 |  |  |  | — |
Deferred compensation plan assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Mutual funds and exchange traded funds |  |  | 1.7 |  |  |  | — |  |  |  | 1.7 |  |  |  | — |
Total assets |  | $ | 318.4 |  |  | $ | 1.3 |  |  | $ | 317.1 |  |  | $ | — |
Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Derivatives – foreign exchange forward contracts |  | $ | 6.5 |  |  | $ | — |  |  | $ | 6.5 |  |  | $ | — |
Derivatives – interest rate hedge - non-current |  |  | 14.0 |  |  |  | — |  |  |  | 14.0 |  |  |  | — |
Total liabilities |  | $ | 20.5 |  |  | $ | — |  |  | $ | 20.5 |  |  | $ | — |
Reported as follows: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash equivalents |  | $ | 63.7 |  |  | $ | 1.3 |  |  | $ | 62.4 |  |  | $ | — |
Short-term investments |  |  | 227.7 |  |  |  | — |  |  |  | 227.7 |  |  |  | — |
Total current assets |  | $ | 291.4 |  |  | $ | 1.3 |  |  | $ | 290.1 |  |  | $ | — |
Long-term investments |  | $ | 6.5 |  |  | $ | — |  |  | $ | 6.5 |  |  | $ | — |
Other assets |  |  | 20.5 |  |  |  | — |  |  |  | 20.5 |  |  |  | — |
Total long-term assets |  | $ | 27.0 |  |  | $ | — |  |  | $ | 27.0 |  |  | $ | — |
Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Other current liabilities |  | $ | 6.5 |  |  | $ | — |  |  | $ | 6.5 |  |  | $ | — |
Other liabilities |  | $ | 14.0 |  |  | $ | — |  |  | $ | 14.0 |  |  | $ | — |

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- 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 -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 + Details
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