v3.26.1
FAIR VALUE OF CERTAIN FINANCIAL ASSETS AND LIABILITIES (Tables)
6 Months Ended
Jun. 30, 2026
FAIR VALUE OF CERTAIN FINANCIAL ASSETS AND LIABILITIES  
Schedule of financial assets and liabilities recorded at fair value on a recurring basis

June 30, 2026

  ​ ​ ​

Level 1

  ​ ​ ​

Level 2

  ​ ​ ​

Level 3

  ​ ​ ​

Total

Cash

$

967,598

$

$

$

967,598

Money market funds

 

1,132,752

 

 

 

1,132,752

Commercial paper

 

 

174,271

 

 

174,271

Certificates of deposit

92,074

92,074

Municipal securities

 

 

3,691

 

 

3,691

U.S. government agency securities

 

 

104,098

 

 

104,098

U.S. treasuries

1,118,926

1,118,926

Corporate bonds

607,160

607,160

Foreign currency derivatives

 

 

(112)

 

 

(112)

Commodity derivatives

 

 

17,408

 

 

17,408

Total

$

2,100,350

$

2,117,516

$

$

4,217,866

Amounts included in:

Cash and cash equivalents

$

2,100,350

$

92,074

$

$

2,192,424

Short-term investments

 

 

1,226,832

 

 

1,226,832

Accounts receivable, net

 

 

24,161

 

 

24,161

Other assets

 

 

520

 

 

520

Investments

781,314

781,314

Accrued liabilities

 

 

(6,078)

 

 

(6,078)

Other liabilities

(1,307)

(1,307)

Total

$

2,100,350

$

2,117,516

$

$

4,217,866

December 31, 2025

  ​ ​ ​

Level 1

  ​ ​ ​

Level 2

  ​ ​ ​

Level 3

  ​ ​ ​

Total

Cash

$

1,244,954

$

$

$

1,244,954

Money market funds

 

787,293

 

 

 

787,293

Commercial paper

 

 

90,419

 

 

90,419

Certificates of deposit

68,597

68,597

Municipal securities

 

 

1,882

 

 

1,882

U.S. treasuries

749,465

749,465

Corporate bonds

309,919

309,919

Foreign currency derivatives

 

 

(1,474)

 

 

(1,474)

Commodity derivatives

35,188

35,188

Total

$

2,032,247

$

1,253,996

$

$

3,286,243

Amounts included in:

Cash and cash equivalents

$

2,032,247

$

55,870

$

$

2,088,117

Short-term investments

 

 

677,084

 

 

677,084

Accounts receivable, net

 

 

33,667

 

 

33,667

Other assets

3,530

3,530

Investments

 

 

487,329

 

 

487,329

Accrued liabilities

 

 

(3,484)

 

 

(3,484)

Total

$

2,032,247

$

1,253,996

$

$

3,286,243