Cash, Cash Equivalents and Restricted Cash

12 Months Ended

Dec. 31, 2019

Short-Term Investments And Fair Value Measurement [Abstract]

Cash, Cash Equivalents and Restricted Cash

The following tables summarize the Company's cash, cash equivalents and restricted cash as of December 31, 2019 and 2018:



	As of December 31, 2019
	Cash and cash equivalents		Other Current Assets		Non-current Assets		Total
	(in thousands)
Cash	$	3,103,525	$	1,863	$	22,161	$	3,127,549
Level 1 securities:
Money market funds	1,614,912		—		1,325		1,616,237
Level 2 securities:
Foreign Time Deposits	300,000		—		—		300,000

	$	5,018,437	$	1,863	$	23,486	$	5,043,786



	As of December 31, 2018
	Cash and cash equivalents		Non-current Assets		Total
	(in thousands)
Cash	$	2,572,685	$	16,260	$	2,588,945
Level 1 securities:
Money market funds	1,221,798		1,298		1,223,096

	$	3,794,483	$	17,558	$	3,812,041

Other current assets include restricted cash for self insurance. Non-current assets include restricted cash related to workers compensation deposits and letter of credit agreements. Balances as of December 31, 2019 are included in cash, cash equivalents, and restricted cash on the Consolidated Statements of Cash Flows. Foreign time deposits of $300 million, classified as Level 2 securities, were included in Cash and cash equivalents on the Company's Balance Sheet as of December 31, 2019. The fair value of cash equivalents included in the Level 2 category is based on observable inputs, such as quoted prices for similar assets at the measurement date; quoted prices in markets that are not active; or other inputs that are observable, either directly or indirectly.

See Note 4 to the consolidated financial statements for further information regarding the fair value of the Company’s senior notes.