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FINANCIAL INSTRUMENTS (Tables)
6 Months Ended
Jun. 30, 2020
Fair Value Disclosures [Abstract]  
Schedule of Assets and Liabilities Measured at Fair Value on a Recurring Basis
The following tables present the Company’s financial instruments that are measured at fair value on a recurring basis:
 June 30, 2020
 Quoted Market
Prices in Active
Markets for
Identical Assets
(Level 1)
Significant Other Observable Inputs
(Level 2)
Total
Fair Value
Measurements
 (In thousands)
Assets:  
Cash equivalents:  
Money market funds$2,277  $—  $2,277  

 December 31, 2019
 Quoted Market
Prices in Active
Markets for
Identical Assets
(Level 1)
Significant Other Observable Inputs
(Level 2)
Total
Fair Value
Measurements
 (In thousands)
Assets:  
Cash equivalents:  
Money market funds$150,865  $—  $150,865  
Time deposits—  30,000  30,000  
Total$150,865  $30,000  $180,865  
Schedule of Carrying Value and Fair Value of Financial Instruments
The following table presents the carrying value and the fair value of financial instruments measured at fair value only for disclosure purposes.
June 30, 2020December 31, 2019
Carrying ValueFair ValueCarrying ValueFair Value
(In thousands)
Long-term debt, net (a)
$(3,527,660) $(4,797,393) $(2,889,626) $(3,904,406) 
______________________
(a)At June 30, 2020 and December 31, 2019, the carrying value of long-term debt, net includes unamortized original issue discount and debt issuance costs of $384.8 million and $402.9 million, respectively.