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FINANCIAL STATEMENT COMPONENTS (Tables) | 6 Months Ended
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Dec. 31, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Schedule of Balance Sheet Components | Condensed Consolidated Balance Sheets
| As of |  | As of
(In thousands) | December 31, 2021 |  | June 30, 2021
Accounts receivable, net: |  |  |
Accounts receivable, gross | $ | 1,747,734 |  |  | $ | 1,323,515 |
Allowance for credit losses | (19,358) |  |  | (18,036) |
| $ | 1,728,376 |  |  | $ | 1,305,479 |
Inventories: |  |  |
Customer service parts | $ | 371,341 |  |  | $ | 349,743 |
Raw materials | 786,744 |  |  | 595,151 |
Work-in-process | 427,972 |  |  | 453,432 |
Finished goods | 243,355 |  |  | 177,054 |
| $ | 1,829,412 |  |  | $ | 1,575,380 |
Other current assets: |  |  |
Contract assets | $ | 96,676 |  |  | $ | 91,052 |
Deferred costs of revenues | 83,153 |  |  | 59,953 |
Prepaid expenses | 78,064 |  |  | 76,649 |
Prepaid income and other taxes | 37,731 |  |  | 68,847 |
Other current assets | 37,602 |  |  | 24,366 |
| $ | 333,226 |  |  | $ | 320,867 |
Land, property and equipment, net: |  |  |
Land | $ | 67,862 |  |  | $ | 67,862 |
Buildings and leasehold improvements | 469,025 |  |  | 458,605 |
Machinery and equipment | 756,921 |  |  | 743,710 |
Office furniture and fixtures | 33,067 |  |  | 32,856 |
Construction-in-process | 236,543 |  |  | 182,320 |
| 1,563,418 |  |  | 1,485,353 |
Less: accumulated depreciation | (846,240) |  |  | (822,326) |
| $ | 717,178 |  |  | $ | 663,027 |
Other non-current assets: |  |  |
Executive Deferred Savings Plan(1) | $ | 274,529 |  |  | $ | 266,199 |
Operating lease right of use assets | 97,836 |  |  | 102,883 |
Other non-current assets | 78,580 |  |  | 75,823 |
| $ | 450,945 |  |  | $ | 444,905 |
Other current liabilities: |  |  |
Compensation and benefits | $ | 500,301 |  |  | $ | 305,445 |
Customer credits and advances | 482,991 |  |  | 250,784 |
Executive Deferred Savings Plan(1) | 274,508 |  |  | 268,028 |
Other accrued expenses | 184,347 |  |  | 180,982 |
Income taxes payable | 125,535 |  |  | 87,320 |
Interest payable | 35,970 |  |  | 36,135 |
Operating lease liabilities | 32,467 |  |  | 32,322 |
| $ | 1,636,119 |  |  | $ | 1,161,016 |
Other non-current liabilities: |  |  |
Income taxes payable | $ | 340,890 |  |  | $ | 333,866 |
Pension liabilities | 85,677 |  |  | 87,602 |
Operating lease liabilities | 62,553 |  |  | 70,739 |
Other non-current liabilities | 161,693 |  |  | 139,083 |
| $ | 650,813 |  |  | $ | 631,290 |
________________ (1)We have a non-qualified deferred compensation plan (known as “Executive Deferred Savings Plan” or “EDSP”) under which certain employees and non-employee directors may defer a portion of their compensation. The expense associated with changes in the EDSP liability included in selling, general and administrative (“SG&A”) expense was $12.0 million and $22.1 million during the three months ended December 31, 2021 and 2020, respectively and was $11.0 million and $35.3 million during the six months ended December 31, 2021 and 2020, respectively. The amount of net gains associated with changes in the EDSP assets included in SG&A expense was $11.8 million and $22.2 million during the three months ended December 31, 2021 and 2020, respectively and was $10.7 million and $35.5 million during the six months ended December 31, 2021 and 2020, respectively. For additional details, refer to Note 1 “Description of Business and Summary of Significant Accounting Policies” to our Consolidated Financial Statements included in our Annual Report on Form 10-K for the fiscal year ended June 30, 2021.
Schedule of Components 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 December 31, 2021 | $ | (36,314) |  |  | $ | (2,223) |  |  | $ | (15,653) |  |  | $ | (22,289) |  |  | $ | (76,479) |
Balance as of June 30, 2021 | $ | (32,563) |  |  | $ | 595 |  |  | $ | (20,092) |  |  | $ | (23,497) |  |  | $ | (75,557) |
Schedule of Reclassification out of Accumulated Other Comprehensive Income | The effects on net income (loss) of amounts reclassified from AOCI to the Condensed Consolidated Statements of Operations for the indicated period were as follows (in thousands):
AOCI Components |  |  |  | Three Months Ended |  | Six Months Ended
| Location in the Condensed Consolidated |  | December 31, |  | December 31,
| Statement of Operations |  | 2021 |  | 2020 |  | 2021 |  | 2020
Unrealized gains (losses) on cash flow hedges from foreign exchange and interest rate contracts |  | Revenues |  | $ | 1,539 |  |  | $ | (711) |  |  | $ | 3,268 |  |  | $ | (928) |
|  | Costs of revenues and operating expenses |  | (348) |  |  | (125) |  |  | (580) |  |  | 425 |
|  | Interest expense |  | (279) |  |  | (279) |  |  | (558) |  |  | (558) |
|  | Net gains (losses) reclassified from AOCI |  | $ | 912 |  |  | $ | (1,115) |  |  | $ | 2,130 |  |  | $ | (1,061) |
Unrealized gains (losses) on available-for-sale securities |  | Other expense (income), net |  | $ | (3) |  |  | $ | 111 |  |  | $ | (2) |  |  | $ | 212 |

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