v3.25.2
INVESTMENTS AND FAIR VALUE MEASUREMENTS (Tables)
 6 Months Ended
Jun. 30, 2025
Fair Value Disclosures [Abstract]  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis
The Company's financial assets that were measured at fair value on a recurring basis were as follows (in millions):
June 30, 2025
Level 1Level 2Level 3Total
Financial Assets:
Cash equivalents:
Money market funds$3,403.6 $— $— $3,403.6 
Short-term investments:
Equity investment$308.1 $— $— $308.1 
Long-term investments:
Derivative assets:
Foreign currency forward contracts$— $— $13.1 $13.1 
Total assets measured at fair value$3,711.7 $— $13.1 $3,724.8 
December 31, 2024
Level 1Level 2Level 3Total
Financial Assets:
Cash equivalents:
Money market funds$4,520.0 $— $— $4,520.0 
Total assets measured at fair value$4,520.0 $— $— $4,520.0 
Schedule of Realized and Unrealized Gains and Losses With Equity Investments
Total realized and unrealized gains and losses associated with equity investments were as follows (in millions):
Three Months Ended
June 30, 2025		Six Months Ended June 30, 2025
Net unrealized gains recognized on equity investments held as of the end of the period$9.0 $11.5 
Total net gains recognized in other income (expense), net
$9.0 $11.5