| Schedule of Fair Value of Financial Assets Measured on a Recurring Basis |
The classifications within the fair value hierarchy of our financial assets that were measured and recorded at fair value on a recurring basis were as follows (in thousands): | | | | | | | | | | | | | | | | | | | September 30, 2024 | | Level 1 | | Level 2 | | Total | | Commercial paper | $ | — | | | $ | 201,847 | | | $ | 201,847 | | | Corporate bonds | — | | | 980,068 | | | 980,068 | | | U.S. Treasury and government-sponsored enterprises | — | | | 304,625 | | | 304,625 | | | Municipal bonds | — | | | 3,038 | | | 3,038 | | | Total debt securities available-for-sale | — | | | 1,489,578 | | | 1,489,578 | | | Money market funds | 179,467 | | | — | | | 179,467 | | | Certificates of deposit | — | | | 43,537 | | | 43,537 | | | Total financial assets carried at fair value | $ | 179,467 | | | $ | 1,533,115 | | | $ | 1,712,582 | | | | | | | |
| | | | | | | | | | | | | | | | | | | December 31, 2023 | | Level 1 | | Level 2 | | Total | | Commercial paper | $ | — | | | $ | 214,016 | | | $ | 214,016 | | | Corporate bonds | — | | | 868,245 | | | 868,245 | | | U.S. Treasury and government-sponsored enterprises | — | | | 407,321 | | | 407,321 | | | Municipal bonds | — | | | 7,841 | | | 7,841 | | | Total debt securities available-for-sale | — | | | 1,497,423 | | | 1,497,423 | | | Money market funds | 154,287 | | | — | | | 154,287 | | | Certificates of deposit | — | | | 72,309 | | | 72,309 | | | Total financial assets carried at fair value | $ | 154,287 | | | $ | 1,569,732 | | | $ | 1,724,019 | | | | | | | |
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