| Schedule of Assets and Liabilities Measured at Fair Value on a Recurring Basis |
The following table summarizes, by major security type, our available-for-sale securities and derivative contracts as of March 31, 2025 and December 31, 2024, that were measured at fair value on a recurring basis and were categorized using the fair value hierarchy (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | March 31, 2025 | | December 31, 2024 | | Quoted
Prices in
Active
Markets for
Identical
Assets
(Level 1) | | Significant
Other
Observable
Inputs
(Level 2) | | | | Total
Estimated
Fair Value | | Quoted
Prices in
Active
Markets for
Identical
Assets
(Level 1) | | Significant
Other
Observable
Inputs
(Level 2) | | | | Total
Estimated
Fair Value | | Assets: | | | | | | | | | | | | | | | | | Available-for-sale securities: | | | | | | | | | | | | | | | | | Money market funds | $ | 960,378 | | | $ | — | | | | | $ | 960,378 | | | $ | 1,253,970 | | | $ | — | | | | | $ | 1,253,970 | | | Time deposits | — | | | 770,000 | | | | | 770,000 | | | — | | | 790,000 | | | | | 790,000 | | | Foreign exchange forward contracts | — | | | 6,817 | | | | | 6,817 | | | — | | | 2,250 | | | | | 2,250 | | | Interest rate contracts | — | | | 36 | | | | | 36 | | | — | | | 991 | | | | | 991 | | | Totals | $ | 960,378 | | | $ | 776,853 | | | | | $ | 1,737,231 | | | $ | 1,253,970 | | | $ | 793,241 | | | | | $ | 2,047,211 | | | Liabilities: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Interest rate contracts | $ | — | | | $ | 163 | | | | | $ | 163 | | | $ | — | | | $ | — | | | | | $ | — | | | Foreign exchange forward contracts | — | | | — | | | | | — | | | — | | | 10,198 | | | | | 10,198 | | | Totals | $ | — | | | $ | 163 | | | | | $ | 163 | | | $ | — | | | $ | 10,198 | | | | | $ | 10,198 | |
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