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Derivative Instruments and Hedging Activities (Tables)
 3 Months Ended
Mar. 31, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Outstanding Derivative Instruments
As of March 31, 2024, we had the following outstanding foreign currency forward contracts:
Notional
(in millions)		Effective Date(s)Maturity Date(s)Index (Exchange Rates)Weighted-Average Strike Rate
Hedge
Designation (1)
33.5 EURMarch 26, 2024April 30, 2024Euro ("EUR") to USD1.09 USDNot designated
407.2 EURVarious from April 2022 to March 2026Various from April 2024 to March 2026EUR to USD1.10 USDCash flow hedge
624.0 CNYMarch 26, 2024April 30, 2024USD to Chinese Renminbi ("CNY")7.10 CNYNot designated
66.9 USDVarious from February 2024 to March 2024Various from April 2024 to March 2026USD to CNY7.01 CNYCash flow hedge
1,145.0 JPYMarch 26, 2024April 30, 2024USD to Japanese Yen ("JPY")150.62 JPYNot designated
34,691.4 KRWVarious from May 2022 to March 2024Various from April 2024 to February 2026USD to Korean Won ("KRW")1,291.93 KRWCash flow hedge
18.0 MYRMarch 25, 2024April 30, 2024USD to Malaysian Ringgit ("MYR")4.71 MYRNot designated
109.0 MXNMarch 25, 2024April 30, 2024USD to Mexican Peso ("MXN")16.84 MXNNot designated
4,380.2 MXNVarious from April 2022 to March 2024Various from April 2024 to March 2026USD to Mexican Peso ("MXN")19.45 MXNCash flow hedge
9.6 GBPMarch 26, 2024April 30, 2024British Pound Sterling ("GBP") to USD1.27 USDNot designated
73.7 GBPVarious from April 2022 to March 2024Various from April 2024 to March 2026GBP to USD1.25 USDCash flow hedge
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(1)    Derivative financial instruments not designated as hedges are used to manage our exposure to currency exchange rate risk. They are intended to preserve economic value, and they are not used for trading or speculative purposes. We may also enter into intercompany derivative instruments with our wholly-owned subsidiaries in order to hedge certain forecasted expenses.
As of March 31, 2024, we had the following outstanding commodity forward contracts, none of which were designated for hedge accounting treatment in accordance with FASB ASC Topic 815, Derivatives and Hedging:
CommodityNotionalRemaining Contracted PeriodsWeighted-Average Strike Price Per Unit
Silver746,290 troy oz.April 2024 to March 2026$24.44
Copper6,667,782 poundsApril 2024 to March 2026$3.90
Schedule of Derivatives Instruments Statements of Financial Performance and Financial Position, Location
The following table presents the fair values of our derivative financial instruments and their classification in the condensed consolidated balance sheets as of March 31, 2024 and December 31, 2023:
 Asset DerivativesLiability Derivatives
 Balance Sheet LocationMarch 31,
2024		December 31,
2023		Balance Sheet LocationMarch 31,
2024		December 31,
2023
Derivatives designated as hedging instruments
Foreign currency forward contractsPrepaid expenses and other current assets$28,299 $25,176 Accrued expenses and other current liabilities$2,022 $6,746 
Foreign currency forward contractsOther assets5,496 3,554 Other long-term liabilities202 1,806 
Total$33,795 $28,730 $2,224 $8,552 
Derivatives not designated as hedging instruments
Commodity forward contractsPrepaid expenses and other current assets$1,690 $1,314 Accrued expenses and other current liabilities$211 $719 
Commodity forward contractsOther assets423 143 Other long-term liabilities37 76 
Foreign currency forward contractsPrepaid expenses and other current assets202 141 Accrued expenses and other current liabilities238 444 
Total$2,315 $1,598 $486 $1,239 
Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance
The following tables present the effect of our derivative financial instruments on the condensed consolidated statements of operations and the condensed consolidated statements of comprehensive income for the three months ended March 31, 2024 and 2023:
Derivatives designated as
hedging instruments		Amount of Deferred Gain/(Loss) Recognized in Other Comprehensive (Loss)/IncomeLocation of Net Gain Reclassified from Accumulated Other Comprehensive Income into Net IncomeAmount of Net Gain Reclassified from Accumulated Other Comprehensive Income into Net Income
2024202320242023
Foreign currency forward contracts$10,965 $(3,588)Net revenue$108 $6,639 
Foreign currency forward contracts$8,952 $15,708 Cost of revenue$7,354 $1,697 
Derivatives not designated as
hedging instruments		Amount of Gain Recognized in Net IncomeLocation of Gain Recognized in Net Income
20242023
Commodity forward contracts$1,099 $1,899 Other, net
Foreign currency forward contracts$680 $184 Other, net