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CASH EQUIVALENTS AND MARKETABLE SECURITIES
 6 Months Ended
Jun. 30, 2023
Cash and Cash Equivalents [Abstract]  
CASH EQUIVALENTS AND MARKETABLE SECURITIES CASH EQUIVALENTS AND MARKETABLE SECURITIES
The cash equivalents and marketable securities consist of the following:
As of June 30, 2023
Amortized CostGross Unrealized GainsGross Unrealized LossesFair ValueCash EquivalentsMarketable Securities
(In thousands)
Money market funds$134,398 $— $— $134,398 $134,398 $— 
Certificates of deposit49,544 3 (76)49,471 — 49,471 
Commercial paper119,203 — (306)118,897 — 118,897 
Corporate notes and bonds339,972 29 (3,148)336,853 — 336,853 
U.S. Treasuries354,112 35 (398)353,749 — 353,749 
U.S. Government agency securities666,104 166 (3,424)662,846 — 662,846 
Total$1,663,333 $233 $(7,352)$1,656,214 $134,398 $1,521,816 
As of December 31, 2022
Amortized CostGross Unrealized GainsGross Unrealized LossesFair ValueCash EquivalentsMarketable Securities
(In thousands)
Money market funds$165,407 $— $— $165,407 $165,407 $— 
Certificates of deposit31,874 13 (130)31,757 — 31,757 
Commercial paper148,832 10 (171)148,671 50,764 97,907 
Corporate notes and bonds168,887 2 (3,313)165,576 — 165,576 
U.S. Treasuries301,349 8 (132)301,225 4,094 297,131 
U.S. Government agency securities554,035 — (6,807)547,228 — 547,228 
Total$1,370,384 $33 $(10,553)$1,359,864 $220,265 $1,139,599 
The following table summarizes the contractual maturities of the Company’s cash equivalents and marketable securities as of June 30, 2023:
Amortized CostFair Value
(In thousands)
Due within one year$1,357,928 $1,352,679 
Due within one to three years305,405 303,535 
Total$1,663,333 $1,656,214 
All available-for-sale securities have been classified as current, based on management's intent and ability to use the funds in current operations.