Fair Value Measurement (Tables)

9 Months Ended

Sep. 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	September 30, 2023		December 31, 2022
Financial assets
Cash deposits(1)	Cash and cash equivalents	Level 1	$	4,857,920	$	3,509,334
Cash and time deposits	Restricted cash	Level 1	$	320,341	$	99,730
Money market trust	Restricted cash	Level 1	$	79,914	$	76,586
Time deposits	Other current assets	Level 1	$	35,321	$	17,754
Cash and time deposits	Long-term restricted cash	Level 1	$	2,435	$	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.