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FINANCIAL STATEMENT COMPONENTS (Tables) | 12 Months Ended
--- | ---
Jun. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Schedule of Condensed Balance Sheet | Consolidated Balance Sheets
| As of June 30,
(In thousands) | 2022 |  | 2021
Accounts receivable, net: |  |  |
Accounts receivable, gross | $ | 1,832,508 |  |  | $ | 1,323,515 |
Allowance for credit losses | (20,631) |  |  | (18,036) |
| $ | 1,811,877 |  |  | $ | 1,305,479 |
Inventories: |  |  |
Customer service parts | $ | 402,121 |  |  | $ | 349,743 |
Raw materials | 1,042,916 |  |  | 595,151 |
Work-in-process | 451,782 |  |  | 453,432 |
Finished goods | 250,070 |  |  | 177,054 |
| $ | 2,146,889 |  |  | $ | 1,575,380 |
Other current assets: |  |  |
Deferred costs of revenue | $ | 124,487 |  |  | $ | 59,953 |
Contract assets | 114,747 |  |  | 91,052 |
Prepaid expenses | 108,942 |  |  | 76,649 |
Prepaid income and other taxes | 89,713 |  |  | 68,847 |
Other current assets | 64,248 |  |  | 24,366 |
| $ | 502,137 |  |  | $ | 320,867 |
Land, property and equipment, net: |  |  |
Land | $ | 67,846 |  |  | $ | 67,862 |
Buildings and leasehold improvements | 712,751 |  |  | 458,605 |
Machinery and equipment | 819,191 |  |  | 743,710 |
Office furniture and fixtures | 44,957 |  |  | 32,856 |
Construction-in-process | 110,079 |  |  | 182,320 |
| 1,754,824 |  |  | 1,485,353 |
Less: accumulated depreciation | (904,895) |  |  | (822,326) |
| $ | 849,929 |  |  | $ | 663,027 |
Other non-current assets: |  |  |
EDSP | $ | 224,188 |  |  | $ | 266,199 |
Operating lease ROU assets | 126,444 |  |  | 102,883 |
Other non-current assets | 133,980 |  |  | 75,823 |
| $ | 484,612 |  |  | $ | 444,905 |
Other current liabilities: |  |  |
Customer credits and advances | $ | 515,118 |  |  | $ | 250,784 |
Compensation and benefits | 351,924 |  |  | 305,445 |
Other accrued expenses | 253,265 |  |  | 180,982 |
EDSP | 225,867 |  |  | 268,028 |
Income taxes payable | 126,964 |  |  | 87,320 |
Interest payable | 39,683 |  |  | 36,135 |
Operating lease liabilities | 32,218 |  |  | 32,322 |
| $ | 1,545,039 |  |  | $ | 1,161,016 |
Other non-current liabilities: |  |  |
Income taxes payable | $ | 367,052 |  |  | $ | 333,866 |
Customer credits and advances | 204,914 |  |  | — |
Operating lease liabilities | 81,369 |  |  | 70,739 |
Pension liabilities | 78,525 |  |  | 87,602 |
Other non-current liabilities | 150,782 |  |  | 139,083 |
| $ | 882,642 |  |  | $ | 631,290 |
Schedule of Accumulated Other Comprehensive Income (Loss) | The components of AOCI as of the dates indicated below were as follows:
(In thousands) | Currency Translation Adjustments |  | Unrealized Gains (Losses) on Available-for-Sale Securities |  | Unrealized Gains (Losses) on Derivatives |  | Unrealized Gains (Losses) on Defined Benefit Plans |  | Total
Balance as of June 30, 2022 | $ | (43,886) |  |  | $ | (15,486) |  |  | $ | 56,836 |  |  | $ | (24,935) |  |  | $ | (27,471) |
Balance as of June 30, 2021 | $ | (32,563) |  |  | $ | 595 |  |  | $ | (20,092) |  |  | $ | (23,497) |  |  | $ | (75,557) |
Reclassification out of Accumulated Other Comprehensive Income | The effects on net income of amounts reclassified from AOCI to the Consolidated Statements of Operations for the indicated periods were as follows (in thousands):
|  | Location in the Consolidated Statements of Operations |  | Year Ended June 30,
AOCI Components |  |  | 2022 |  | 2021 |  | 2020
Unrealized gains (losses) on cash flow hedges from foreign exchange and interest rate contracts |  | Revenues |  | $ | 10,688 |  |  | $ | 384 |  |  | $ | 4,086 |
|  | Costs of revenues and operating expenses |  | (3,762) |  |  | 551 |  |  | (1,377) |
|  | Interest expense |  | (1,007) |  |  | (1,116) |  |  | (637) |
|  | Net gains (losses) reclassified from AOCI |  | $ | 5,919 |  |  | $ | (181) |  |  | $ | 2,072 |
Unrealized gains (losses) on available-for-sale securities |  | Other expense (income), net |  | $ | (306) |  |  | $ | 253 |  |  | $ | 297 |
Schedule of Consolidated Statements of Operations | Consolidated Statements of Operations The following table shows other expense (income), net for the indicated periods:
| Year Ended June 30,
(In thousands) | 2022 |  | 2021 |  | 2020
Other expense (income), net: |  |  |  |  |
Interest income | $ | (8,695) |  |  | $ | (8,929) |  |  | $ | (21,646) |
Foreign exchange losses, net | 3,925 |  |  | 5,005 |  |  | 4,236 |
Net realized losses (gains) on sale of investments | 306 |  |  | (253) |  |  | (297) |
Other | 9,069 |  |  | (25,125) |  |  | 20,385 |
| $ | 4,605 |  |  | $ | (29,302) |  |  | $ | 2,678 |

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