v3.26.1
INVESTMENTS (Tables)
 6 Months Ended
Jun. 30, 2026
Investments, Debt and Equity Securities [Abstract]  
Schedule of Investments Measured at Fair Value on a Recurring Basis
The following table summarizes our investments measured at fair value on a recurring basis by balance sheet classification and investment type:
June 30, 2026
Fair
Value - Level 1		Fair
Value - Level 2		Fair
Value - Level 3
Cash equivalents
Money market funds$305.1 $— $— 
U.S. Treasury securities452.6 — — 
Time deposits15.9 — — 
Marketable securities
U.S. Treasury securities110.5 — — 
Other assets
Convertible note investment— — 8.5 
Total $884.1 $— $8.5 
December 31, 2025
Fair
Value - Level 1		Fair
Value - Level 2		Fair
Value - Level 3
Cash equivalents
Money market funds$206.7 $— $— 
U.S. Treasury securities556.6 — — 
Total $763.3 $— $— 
The amortized cost, unrealized gains and losses, and estimated fair value of cash equivalents and marketable securities consisted of the following:
June 30, 2026
Amortized Cost
Unrealized Gains
Unrealized Losses
Fair Value
Cash equivalents
Money market funds$305.1 $— $— $305.1 
Time deposits15.9 — — 15.9 
U.S. Treasury securities452.6 — — 452.6 
Marketable securities
U.S. Treasury securities110.6 — (0.1)110.5 
Total$884.2 $— $(0.1)$884.1 
December 31, 2025
Amortized Cost
Unrealized Gains
Unrealized Losses
Fair Value
Cash equivalents
Money market funds$206.7 $— $— $206.7 
U.S. Treasury securities556.6 — — 556.6 
Total$763.3 $— $— $763.3 
Schedule of Marketable Securities in an Unrealized Loss Position
Cash equivalents and marketable securities in an unrealized loss position consisted of the following:
June 30, 2026December 31, 2025
Fair
Value		Gross
Unrealized
Losses 		Fair
Value		Gross
Unrealized
Losses
Cash equivalents
U.S. Treasury securities$238.7 $— $— $— 
Marketable securities
U.S. Treasury securities96.7 0.1 — — 
Total securities in an unrealized loss position$335.4 $0.1 $— $—