Fair Value Measurement (Tables)

6 Months Ended

Jun. 30, 2023

Fair Value Disclosures [Abstract]

Schedule of financial assets and financial liabilities measured at fair value on a recurring basis

The following table summarizes our financial assets and financial liabilities that are measured at fair value on a recurring basis:

(in thousands)	Classification	Measurement Level	June 30, 2023		December 31, 2022
Financial assets
Cash deposits(1)	Cash and cash equivalents	Level 1	$	4,473,193	$	3,509,334
Cash and time deposits	Restricted cash	Level 1	$	190,434	$	99,730
Money market trust	Restricted cash	Level 1	$	78,541	$	76,586
Time deposits	Other current assets	Level 1	$	74,269	$	17,754
Cash and time deposits	Long-term restricted cash	Level 1	$	1,523	$	1,624

(1)Cash deposits includes bank deposits, money market trusts and time deposits. The carrying value approximates fair value because maturities are less than three months.