FAIR VALUE OF CERTAIN FINANCIAL ASSETS AND LIABILITIES (Tables)

9 Months Ended

Sep. 30, 2024

FAIR VALUE OF CERTAIN FINANCIAL ASSETS AND LIABILITIES

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

September 30, 2024	Level 1		Level 2		Level 3		Total
Cash	$	1,173,863	$	—	$	—	$	1,173,863
Money market funds		409,065		—		—		409,065
Certificates of deposit		—		42,411		—		42,411
Foreign currency derivatives		—		(485)		—		(485)
Commodity derivatives		—		4,181		—		4,181
Total	$	1,582,928	$	46,107	$	—	$	1,629,035
Amounts included in:
Cash and cash equivalents	$	1,582,928	$	42,411	$	—	$	1,625,339
Accounts receivable, net		—		6,283		—		6,283
Other assets		—		77		—		77
Accrued liabilities		—		(2,664)		—		(2,664)
Total	$	1,582,928	$	46,107	$	—	$	1,629,035

December 31, 2023	Level 1		Level 2		Level 3		Total
Cash	$	1,105,701	$	—	$	—	$	1,105,701
Money market funds		960,873		—		—		960,873
Certificates of deposit		—		33,824		—		33,824
Commercial paper		—		163,774		—		163,774
Corporate bonds		—		264,208		—		264,208
Municipal securities		—		361		—		361
U.S. government agency securities		—		159,585		—		159,585
U.S. treasuries		—		641,385		—		641,385
Foreign currency derivatives		—		(1,083)		—		(1,083)
Commodity derivatives		—		4,410		—		4,410
Total	$	2,066,574	$	1,266,464	$	—	$	3,333,038
Amounts included in:
Cash and cash equivalents	$	2,066,574	$	231,101	$	—	$	2,297,675
Short-term investments		—		955,605		—		955,605
Accounts receivable, net		—		4,618		—		4,618
Other assets		—		316		—		316
Investments		—		76,431		—		76,431
Accrued liabilities		—		(1,607)		—		(1,607)
Total	$	2,066,574	$	1,266,464	$	—	$	3,333,038