FINANCIAL STATEMENT DETAILS

6 Months Ended

Jun. 30, 2023

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Cash and Cash Equivalents and Restricted Cash

The following table provides a reconciliation of cash and cash equivalents and restricted cash reported within the balance sheet to the total amounts shown in the statement of cash flows:


	June 30, 2023		December 31, 2022		June 30, 2022		December 31, 2021
	(In thousands)
Cash and cash equivalents	$	1,326,988	$	1,417,390	$	1,796,202	$	2,118,730
Restricted cash included in other current assets	8,126		1,165		16,882		1,941
Restricted cash included in other non-current assets	381		7,514		7,617		1,193

Total cash and cash equivalents and restricted cash as shown on the statement of cash flows	$	1,335,495	$	1,426,069	$	1,820,701	$	2,121,864

Restricted cash included in "Other current assets" in the balance sheet at June 30, 2023 primarily consists of cash held in escrow related to the funded pension plan in the U.K and cash held related to insurance programs at Care.com. Restricted cash included in "Other non-current assets" in the balance sheet at June 30, 2023 consists of deposits related to leases.

Restricted cash included in "Other current assets" in the balance sheet at December 31, 2022 includes cash held related to insurance programs at Care.com. Restricted cash included in "Other non-current assets" in the balance sheet at December 31, 2022 primarily consists of cash held in escrow related to the funded pension plan in the U.K. as well as a check endorsement guarantee at the Roofing segment and deposits related to leases.

Restricted cash included in "Other current assets" in the balance sheet at June 30, 2022 primarily consists of cash received from Care.com’s payment solutions customers for payroll and related taxes, which were remitted subsequent to period end. Restricted cash included in "Other non-current assets" in the balance sheet at June 30, 2022 primarily consists of cash held in escrow related to the funded pension plan in the U.K. as well as a check endorsement guarantee at the Roofing segment and deposits related to leases.

Restricted cash included in "Other current assets" in the balance sheet at December 31, 2021 primarily consists of cash held in escrow related to the funded pension plan in the U.K. Restricted cash included in "Other non-current assets" in the balance sheet at December 31, 2021 consists of deposits related to leases and a check endorsement guarantee at the Roofing segment.

Credit Losses

The following table presents the changes in the allowance for credit losses for the six months ended June 30, 2023 and 2022, respectively:



	2023		2022
	(In thousands)
Balance at January 1	$	50,971	$	36,556
Current period provision for credit losses	48,608		51,710
Write-offs charged against the allowance	(55,198)		(41,646)
Recoveries collected	3,070		2,710
Other	(143)		185
Balance at June 30	$	47,308	$	49,515

Accumulated Amortization and Depreciation

The following table provides the accumulated amortization and depreciation within the balance sheet:


Asset Category	June 30, 2023		December 31, 2022
	(In thousands)
Right-of-use assets included in other non-current assets	$	230,118	$	157,650
Capitalized software, equipment, buildings and leasehold improvements	$	320,722	$	274,473
Intangible assets	$	690,303	$	582,063

Other income (expense), net


	Three Months Ended June 30,				Six Months Ended June 30,
	2023		2022		2023		2022
	(In thousands)
Interest income	$	17,340	$	2,442	$	34,270	$	3,140
Net realized gain (loss) on sales of businesses, investments and upward (downward) adjustments to the carrying value of equity securities without readily determinable fair values	2,649		(21,635)		1,348		(20,096)
Foreign exchange gains (losses), net	1,572		(4,655)		2,081		(6,229)
Unrealized gain (loss) related to marketable equity securities	1,262		(28,696)		112		5,656
Net periodic pension benefit credit (cost), other than the service cost component(a)	148		(41,829)		(526)		(77,188)



Unrealized (decrease) increase in the estimated fair value of a warrant	(13,672)		4,866		(7,732)		12,851
Other	1,686		82		5,181		(860)
Other income (expense), net	$	10,985	$	(89,425)	$	34,734	$	(82,726)

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(a) Includes pre-tax actuarial gains of $0.4 million and $0.2 million for the three and six months ended June 30, 2023, respectively, related to the pension plans in the U.S. and pre-tax actuarial losses of $41.2 million and $78.7 million for the three and six months ended June 30, 2022, respectively, related to the funded pension plans in the U.K. and the U.S. See "Note 7—Pension and Postretirement Benefit Plans" for additional information.