FAIR VALUE OF CERTAIN FINANCIAL ASSETS AND LIABILITIES (Tables)

6 Months Ended

Jun. 30, 2023

FAIR VALUE OF CERTAIN FINANCIAL ASSETS AND LIABILITIES

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

June 30, 2023	Level 1		Level 2		Level 3		Total
Cash	$	877,582	$	—	$	—	$	877,582
Money market funds		911,446		—		—		911,446
Certificates of deposit		—		47,109		—		47,109
Commercial paper		—		336,764		—		336,764
Corporate bonds		—		179,271		—		179,271
Municipal securities		—		59,033		—		59,033
U.S. government agency securities		—		162,351		—		162,351
U.S. treasuries		—		775,707		—		775,707
Foreign currency derivatives		—		178		—		178
Commodity derivatives		—		(1,266)		—		(1,266)
Total	$	1,789,028	$	1,559,147	$	—	$	3,348,175
Amounts included in:
Cash and cash equivalents	$	1,789,028	$	80,746	$	—	$	1,869,774
Short-term investments		—		1,417,239		—		1,417,239
Accounts receivable, net		—		270		—		270
Investments		—		62,248		—		62,248
Accrued liabilities		—		(1,219)		—		(1,219)
Other liabilities		—		(137)		—		(137)
Total	$	1,789,028	$	1,559,147	$	—	$	3,348,175

December 31, 2022	Level 1		Level 2		Level 3		Total
Cash	$	1,132,509	$	—	$	—	$	1,132,509
Money market funds		121,444		—		—		121,444
Certificates of deposit		—		10,078		—		10,078
Commercial paper		—		225,067		—		225,067
Variable rate demand notes		—		6,266		—		6,266
Municipal securities		—		213,798		—		213,798
U.S. government agency securities		—		113,357		—		113,357
U.S. treasuries		—		908,379		—		908,379
Foreign currency derivatives		—		(3,733)		—		(3,733)
Total	$	1,253,953	$	1,473,212	$	—	$	2,727,165
Amounts included in:
Cash and cash equivalents	$	1,253,953	$	53,188	$	—	$	1,307,141
Short-term investments		—		1,362,314		—		1,362,314
Accounts receivable, net		—		965		—		965
Investments		—		61,443		—		61,443
Accrued liabilities		—		(4,698)		—		(4,698)
Total	$	1,253,953	$	1,473,212	$	—	$	2,727,165