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Cash, Cash Equivalents, and Marketable Debt Securities - Schedule of Company's Cash and Available-For-Sale (AFS) Debt Securities by Major Asset Category (Details) - USD ($)
$ in Millions
6 Months Ended 12 Months Ended
Jun. 30, 2024
Dec. 31, 2023
Financial Instruments [Line Items]    
Adjusted Cost Basis $ 1,173.1 $ 1,205.8
Unrealized Gain 0.1 0.3
Unrealized Loss (0.4) (0.5)
Fair Value 1,172.8 1,205.6
Cash and cash equivalents 613.6 648.0
Short-term marketable debt securities ($90.8 million and $93.5 million measured at fair value as of June 30, 2024 and December 31, 2023, respectively) 490.8 493.5
Long-term marketable debt securities 68.4 64.1
Level 1    
Financial Instruments [Line Items]    
Adjusted Cost Basis [1] 31.6 30.9
Unrealized Gain [1] 0.0 0.0
Unrealized Loss [1] (0.1) 0.0
Fair Value [1] 31.5 30.9
Cash and cash equivalents [1] 0.2 1.6
Short-term marketable debt securities ($90.8 million and $93.5 million measured at fair value as of June 30, 2024 and December 31, 2023, respectively) [1] 14.7 11.3
Long-term marketable debt securities [1] 16.6 18.0
Level 2    
Financial Instruments [Line Items]    
Adjusted Cost Basis [2] 130.5 128.5
Unrealized Gain [2] 0.1 0.3
Unrealized Loss [2] (0.3) (0.5)
Fair Value [2] 130.3 128.3
Cash and cash equivalents [2] 2.4 0.0
Short-term marketable debt securities ($90.8 million and $93.5 million measured at fair value as of June 30, 2024 and December 31, 2023, respectively) [2] 76.1 82.2
Long-term marketable debt securities [2] 51.8 46.1
Cash and Cash Equivalents    
Financial Instruments [Line Items]    
Adjusted Cost Basis 611.0 646.4
Unrealized Gain 0.0 0.0
Unrealized Loss 0.0 0.0
Fair Value 611.0 646.4
Cash and cash equivalents 611.0 646.4
Short-term marketable debt securities ($90.8 million and $93.5 million measured at fair value as of June 30, 2024 and December 31, 2023, respectively) 0.0 0.0
Long-term marketable debt securities 0.0 0.0
Time Deposits    
Financial Instruments [Line Items]    
Adjusted Cost Basis [3] 400.0 400.0
Unrealized Gain [3] 0.0 0.0
Unrealized Loss [3] 0.0 0.0
Fair Value [3] 400.0 400.0
Cash and cash equivalents [3] 0.0 0.0
Short-term marketable debt securities ($90.8 million and $93.5 million measured at fair value as of June 30, 2024 and December 31, 2023, respectively) [3] 400.0 400.0
Long-term marketable debt securities [3] 0.0 0.0
U.S. Treasury Securities | Level 1    
Financial Instruments [Line Items]    
Adjusted Cost Basis [1] 31.4 29.3
Unrealized Gain [1] 0.0 0.0
Unrealized Loss [1] (0.1) 0.0
Fair Value [1] 31.3 29.3
Cash and cash equivalents [1] 0.0 0.0
Short-term marketable debt securities ($90.8 million and $93.5 million measured at fair value as of June 30, 2024 and December 31, 2023, respectively) [1] 14.7 11.3
Long-term marketable debt securities [1] 16.6 18.0
Money Market Fund | Level 1    
Financial Instruments [Line Items]    
Adjusted Cost Basis [1] 0.2 1.6
Unrealized Gain [1] 0.0 0.0
Unrealized Loss [1] 0.0 0.0
Fair Value [1] 0.2 1.6
Cash and cash equivalents [1] 0.2 1.6
Short-term marketable debt securities ($90.8 million and $93.5 million measured at fair value as of June 30, 2024 and December 31, 2023, respectively) [1] 0.0 0.0
Long-term marketable debt securities [1] 0.0 0.0
Corporate Debt Securities | Level 2    
Financial Instruments [Line Items]    
Adjusted Cost Basis [2] 114.1 112.5
Unrealized Gain [2] 0.1 0.3
Unrealized Loss [2] (0.3) (0.4)
Fair Value [2] 113.9 112.4
Cash and cash equivalents [2] 2.4 0.0
Short-term marketable debt securities ($90.8 million and $93.5 million measured at fair value as of June 30, 2024 and December 31, 2023, respectively) [2] 62.3 68.5
Long-term marketable debt securities [2] 49.2 43.9
U.S. Government Agency Securities | Level 2    
Financial Instruments [Line Items]    
Adjusted Cost Basis [2] 7.9 10.1
Unrealized Gain [2] 0.0 0.0
Unrealized Loss [2] (0.0) (0.1)
Fair Value [2] 7.9 10.0
Cash and cash equivalents [2] 0.0 0.0
Short-term marketable debt securities ($90.8 million and $93.5 million measured at fair value as of June 30, 2024 and December 31, 2023, respectively) [2] 5.3 7.8
Long-term marketable debt securities [2] 2.6 2.2
Certificates of Deposit | Level 2    
Financial Instruments [Line Items]    
Adjusted Cost Basis [2] 8.5 5.9
Unrealized Gain [2] 0.0 0.0
Unrealized Loss [2] 0.0 0.0
Fair Value [2] 8.5 5.9
Cash and cash equivalents [2] 0.0 0.0
Short-term marketable debt securities ($90.8 million and $93.5 million measured at fair value as of June 30, 2024 and December 31, 2023, respectively) [2] 8.5 5.9
Long-term marketable debt securities [2] $ 0.0 $ 0.0
[1] Valuations based on quoted prices for identical assets or liabilities in active markets.
[2] Valuations based on observable inputs other than quoted prices included in Level 1, such as quoted prices for similar assets and liabilities in active markets, quoted prices for identical or similar assets and liabilities in markets that are not active, or other inputs that are observable or can be corroborated by observable market data.
[3] We had $400.0 million of investments in time deposits classified as HTM debt securities as of both June 30, 2024 and December 31, 2023. All these investments mature within one year and are recorded in “Short-term marketable debt securities” on our Consolidated Balance Sheets. We record HTM debt securities at amortized cost, which approximates fair value.