OTHER CURRENT AND LONG-TERM ASSETS

3 Months Ended

Mar. 31, 2024

Other Assets, Noncurrent [Abstract]

OTHER CURRENT AND LONG-TERM ASSETS

OTHER CURRENT AND LONG-TERM ASSETS

Other Current Assets

Other current assets consisted of the following:

(in thousands)	March 31, 2024		December 31, 2023
Contract assets, net (1)	$	56,575	$	55,111
Consideration paid to customers (2)	54,486		54,081
Prepaid expenses	47,648		48,370
Taxes receivable	14,459		16,972
Other assets	33,565		29,061
Other current assets	$	206,733	$	203,595

(1) Contract assets, net, are net of allowances for credit losses. Refer to "Note 6. Credit Losses."

(2) Refer to “Note 3. Revenue. Up-Front Consideration Paid to Customers” for more information regarding consideration paid to customers.

Other Long-Term Assets

Other long-term assets consisted of the following:

(in thousands)	March 31, 2024		December 31, 2023
Contract assets, net (1)	$	173,434	$	167,963
Consideration paid to customers (2)	113,735		114,850
Deferred income taxes	106,517		107,364
Equity investments	30,000		30,250
Investment in long-term product supply arrangements	24,395		25,943
Other assets	50,826		50,164
Other long-term assets	$	498,907	$	496,534

(1) Contract assets, net, are net of allowances for credit losses. Refer to "Note 6. Credit Losses."

(2) Refer to “Note 3. Revenue. Up-Front Consideration Paid to Customers” for more information regarding consideration paid to customers.