FAIR VALUE OF CERTAIN FINANCIAL ASSETS AND LIABILITIES (Tables)

9 Months Ended

Sep. 30, 2023

FAIR VALUE OF CERTAIN FINANCIAL ASSETS AND LIABILITIES

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

September 30, 2023	Level 1		Level 2		Level 3		Total
Cash	$	983,999	$	—	$	—	$	983,999
Money market funds		588,799		—		—		588,799
Certificates of deposit		—		53,784		—		53,784
Commercial paper		—		270,000		—		270,000
Corporate bonds		—		243,580		—		243,580
Municipal securities		—		29,833		—		29,833
U.S. government agency securities		—		190,712		—		190,712
U.S. treasuries		—		702,530		—		702,530
Foreign currency derivatives		—		695		—		695
Commodity derivatives		—		3,434		—		3,434
Total	$	1,572,798	$	1,494,568	$	—	$	3,067,366
Amounts included in:
Cash and cash equivalents	$	1,572,798	$	201,051	$	—	$	1,773,849
Short-term investments		—		1,236,752		—		1,236,752
Accounts receivable, net		—		4,887		—		4,887
Other assets		—		371		—		371
Investments		—		52,636		—		52,636
Accrued liabilities		—		(1,129)		—		(1,129)
Total	$	1,572,798	$	1,494,568	$	—	$	3,067,366

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