The table below segregates all assets and liabilities that are measured at fair value on a recurring basis (which is measured at least annually) into the most appropriate level within the fair value hierarchy based on the inputs used to determine the fair value at the measurement date.


	March 31, 2026
	Quoted prices in active markets for identical assets (level 1)		Significant other observable inputs (level 2)		Significant unobservable inputs (level 3)		Total
Assets:
Cash and cash equivalents:
Money market funds	$	909.0	$	—	$	—	$	909.0
Bank-time deposits	204.5		—		—		204.5
Short-term investments:
Bank-time deposits	443.8		—		—		443.8
Restricted cash and cash equivalents:
Money market funds	11.9		—		—		11.9
Bank-time deposits	1.2		—		—		1.2
Restricted cash and cash equivalents, long term:
Money market funds	79.4		—		—		79.4

Other assets:
Private equity	—		—		23.6		23.6
Equity securities	9.3		—		—		9.3
Foreign currency forward contracts	—		0.2		—		0.2
Total financial assets	$	1,659.1	$	0.2	$	23.6	$	1,682.9

Liabilities:





Short-term debt, net:
Convertible notes	—		30.0		—		30.0
Total financial liabilities	$	—	$	30.0	$	—	$	30.0


	March 31, 2025
	Quoted prices in active markets for identical assets (level 1)		Significant other observable inputs (level 2)		Significant unobservable inputs (level 3)		Total
Assets:
Cash and cash equivalents:
Money market funds	$	842.6	$	—	$	—	$	842.6
Bank-time deposits	296.4		—		—		296.4
Short-term investments:
Bank-time deposits	9.4		—		—		9.4
Restricted cash and cash equivalents:
Money market funds	12.0		—		—		12.0
Bank-time deposits	1.9		—		—		1.9
Restricted cash and cash equivalents, long term:
Money market funds	88.2		—		—		88.2
Other assets:
Equity securities	7.3		—		—		7.3
Private equity	—		—		24.3		24.3
Total financial assets	$	1,257.8	$	—	$	24.3	$	1,282.1

Liabilities:
Accrued expenses and other current liabilities:
Foreign currency forward contracts	$	—	$	0.1	$	—	$	0.1
Long-term debt, net:
Convertible notes	—		28.5		—		28.5
Total financial liabilities	$	—	$	28.6	$	—	$	28.6