v3.22.4
Summary of Significant Accounting Policies (Tables)
 12 Months Ended
Dec. 31, 2022
Accounting Policies [Abstract]  
Property, Plant and Equipment Property and equipment consisted of the following:
Estimated
Useful Lives		December 31,
20222021
Computer equipment3 years$486.1 $488.5 
Software
3-5 years
87.6 77.6 
LandIndefinite5.9 5.9 
Buildings, including improvements
5-40 years
126.3 125.4 
Leasehold improvementsLesser of useful life or remaining lease term78.8 87.0 
Other
1-20 years
18.0 21.9 
Total property and equipment802.7 806.3 
Less: accumulated depreciation and amortization(577.1)(586.3)
Property and equipment, net$225.6 $220.0 
Property and Equipment, Net, by Geography Property and equipment, net by geography was as follows:
December 31,
20222021
U.S.167.5 162.6 
France28.8 23.8 
All other international29.3 33.6 
$225.6 $220.0 
Schedule of Prior Period Revisions Finite-lived intangible assets are amortized over the following estimated useful lives:
Customer relationships
2-9 years
Developed technology
2-7 years
Trade names and other
1-10 years
Intangible assets, net are summarized as follows:
December 31, 2022
Gross Carrying
Amount		Accumulated
Amortization		Net Carrying
Amount
Indefinite-lived intangible assets:
Trade names and branding$445.0 n/a$445.0 
Domain portfolio243.2 n/a243.2 
Contractual-based assets256.8 n/a256.8 
Finite-lived intangible assets:
Customer-related487.7 $(309.0)178.7 
Developed technology243.9 (171.1)72.8 
Trade names and other109.8 (54.1)55.7 
$1,786.4 $(534.2)$1,252.2 
December 31, 2021
Gross Carrying
Amount		Accumulated
Amortization		Net Carrying
Amount
Indefinite-lived intangible assets:
Trade names and branding$445.0 n/a$445.0 
Domain portfolio246.8 n/a246.8 
Contractual-based assets253.8 n/a253.8 
Finite-lived intangible assets:
Customer-related535.1 $(279.3)255.8 
Developed technology243.5 (133.1)110.4 
Trade names and other118.4 (45.5)72.9 
$1,842.6 $(457.9)$1,384.7 
Schedule of Equity-based Compensation Expense Error Adjustments
The prior period statement of operations was revised to retrospectively present revenue in the new groupings as shown in the table below. There was no impact on total revenue, operating income, net income, deferred revenue or our statement of cash flows as a result of these revisions.
Year Ended December 31,
20212020
As Previously Reported
Revenue:
Domains$1,809.9 $1,515.1 
Hosting and presence1,283.4 1,200.6 
Business applications722.4 601.0 
Total revenue$3,815.7 $3,316.7 
As Revised
Revenue:
Applications and commerce$1,128.3 $926.1 
Core platform2,687.4 2,390.6 
Total revenue$3,815.7 $3,316.7 
Revenue from External Customers by Products and Services Revenue by major product type was as follows:
 Year Ended December 31,
 202220212020
Applications and commerce$1,279.7 $1,128.3 $926.1 
Core platform: domains1,959.2 1,815.9 1,521.4 
Core platform: other852.4 871.5 869.2 
$4,091.3 $3,815.7 $3,316.7 
Revenue by Geography Revenue by geography is based on the customer's billing address and was as follows:
Year Ended December 31,
202220212020
U.S.$2,757.3 $2,544.9 2,211.3 
International1,334.0 1,270.8 1,105.4 
$4,091.3 $3,815.7 $3,316.7 
Assets and Liabilities Measured at Fair Value on a Recurring Basis
The following tables set forth our material assets and liabilities measured and recorded at fair value on a recurring basis:
December 31, 2022
Level 1Level 2Level 3Total
Assets:
Cash and cash equivalents:
Commercial paper$— $120.0 $— $120.0 
Time deposits347.3 — — 347.3 
Derivative assets— 218.5 — 218.5 
Total assets$347.3 $338.5 $— $685.8 
Liabilities:
Derivative liabilities$— $4.9 $— $4.9 
Total liabilities$— $4.9 $— $4.9 
December 31, 2021
Assets:Level 1Level 2Level 3Total
Cash and cash equivalents:
Time deposits and money market funds$178.1 $— $— $178.1 
Derivative assets— 30.3 — 30.3 
Total assets$178.1 $30.3 $— $208.4 
Liabilities:
Derivative liabilities$— $89.5 $— $89.5 
Total liabilities$— $89.5 $— $89.5