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Receivables, Contract Liabilities and Performance Obligations (Tables)
 9 Months Ended
Sep. 30, 2024
Revenue from Contract with Customer [Abstract]  
Summary of Information about Receivables and Contract Liabilities
The following table provides information about receivables and contract liabilities as of September 30, 2024 and December 31, 2023 (in thousands):
September 30,
2024		December 31,
2023
Current receivables, which are included in “Accounts receivable, net”$3,897,481 $3,568,290 
Contract assets, net85,767 120,518 
Long-term accounts receivable828,465 412,666 
Long-term contract assets, net105,273 132,780 
Contract liabilities, which are included in “Accrued expenses and other current liabilities” and “Other liabilities”114,420 107,217 
Summary of Changes in Gross Contract Liabilities from Contract with Customers
Significant changes in the gross contract assets balances during the nine months ended September 30, 2024 are as follows (in thousands):
Contract
Assets
Balances at December 31, 2023$272,287 
Reclassification of beginning contract assets to receivables, as a result of rights to consideration becoming unconditional(80,520)
Contract assets recognized, net of reclassification to receivables21,465 
Measurement period adjustments to acquired contract assets(4,838)
Balances at September 30, 2024$208,394 
Contract assets consist of amounts the Company is entitled to for the resale of third-party consumption-based services, prior to payment becoming unconditional. In these transactions, the Company invoices clients for the gross amount of consideration it is responsible to collect,
including amounts ultimately passed on to the third-party service providers. As of September 30, 2024, contract assets, net of allowances, were $191,040,000.
Gross contract assets by our internal risk ratings as of September 30, 2024 are summarized as follows (in thousands):
Contract
Assets
Low risk$38,314 
Moderate risk46,854 
High risk123,226 
Total contract assets$208,394 
Changes in the contract liabilities balances during the nine months ended September 30, 2024 are as follows (in thousands):
Contract
Liabilities
Balances at December 31, 2023
$107,217 
Reclassification of the beginning contract liabilities to revenue, as the result of performance obligations satisfied(68,993)
Cash received in advance and not recognized as revenue76,196 
Balances at September 30, 2024
$114,420 
Summary of Estimated Net Sales Related to Performance Obligation
The following table includes estimated net sales related to performance obligations that are unsatisfied (or partially unsatisfied) as of September 30, 2024 that are expected to be recognized in the future (in thousands):
Services
Remainder of 2024$45,266 
202578,594 
202631,948 
2027 and thereafter43,328 
Total remaining performance obligations$199,136