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FINANCIAL STATEMENT COMPONENTS (Tables) | 9 Months Ended
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Mar. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Schedule of Balance Sheet Components | Condensed Consolidated Balance Sheets
| As of |  | As of
(In thousands) | March 31, 2022 |  | June 30, 2021
Accounts receivable, net: |  |  |
Accounts receivable, gross | $ | 1,637,904 |  |  | $ | 1,323,515 |
Allowance for credit losses | (19,037) |  |  | (18,036) |
| $ | 1,618,867 |  |  | $ | 1,305,479 |
Inventories: |  |  |
Customer service parts | $ | 393,215 |  |  | $ | 349,743 |
Raw materials | 900,069 |  |  | 595,151 |
Work-in-process | 441,563 |  |  | 453,432 |
Finished goods | 247,450 |  |  | 177,054 |
| $ | 1,982,297 |  |  | $ | 1,575,380 |
Other current assets: |  |  |
Contract assets | $ | 104,838 |  |  | $ | 91,052 |
Deferred costs of revenues | 90,584 |  |  | 59,953 |
Prepaid expenses | 84,073 |  |  | 76,649 |
Prepaid income and other taxes | 46,126 |  |  | 68,847 |
Other current assets | 78,036 |  |  | 24,366 |
| $ | 403,657 |  |  | $ | 320,867 |
Land, property and equipment, net: |  |  |
Land | $ | 67,857 |  |  | $ | 67,862 |
Buildings and leasehold improvements | 631,467 |  |  | 458,605 |
Machinery and equipment | 782,070 |  |  | 743,710 |
Office furniture and fixtures | 42,617 |  |  | 32,856 |
Construction-in-process | 156,315 |  |  | 182,320 |
| 1,680,326 |  |  | 1,485,353 |
Less: accumulated depreciation | (871,452) |  |  | (822,326) |
| $ | 808,874 |  |  | $ | 663,027 |
Other non-current assets: |  |  |
Executive Deferred Savings Plan(1) | $ | 260,634 |  |  | $ | 266,199 |
Operating lease right of use assets | 101,240 |  |  | 102,883 |
Other non-current assets | 79,247 |  |  | 75,823 |
| $ | 441,121 |  |  | $ | 444,905 |
Other current liabilities: |  |  |
Customer credits and advances | $ | 558,487 |  |  | $ | 250,784 |
Compensation and benefits | 420,803 |  |  | 305,445 |
Executive Deferred Savings Plan(1) | 262,907 |  |  | 268,028 |
Other accrued expenses | 196,919 |  |  | 180,982 |
Income taxes payable | 120,803 |  |  | 87,320 |
Interest payable | 34,626 |  |  | 36,135 |
Operating lease liabilities | 31,158 |  |  | 32,322 |
| $ | 1,625,703 |  |  | $ | 1,161,016 |
Other non-current liabilities: |  |  |
Income taxes payable | $ | 346,516 |  |  | $ | 333,866 |
Pension liabilities | 81,102 |  |  | 87,602 |
Operating lease liabilities | 62,053 |  |  | 70,739 |
Other non-current liabilities | 152,495 |  |  | 139,083 |
| $ | 642,166 |  |  | $ | 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 (benefit) associated with changes in the EDSP liability included in selling, general and administrative (“SG&A”) expense was $(18.8) million and $5.7 million during the three months ended March 31, 2022 and 2021, respectively, and was $(7.8) million and $41.0 million during the nine months ended March 31, 2022 and 2021, respectively. The amount of net gains (losses) associated with changes in the EDSP assets included in SG&A expense was $(18.7) million and $5.8 million during the three months ended March 31, 2022 and 2021, respectively and was $(8.0) million and $41.3 million during the nine months ended March 31, 2022 and 2021, 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 Accumulated Other Comprehensive Income (Loss) (“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 March 31, 2022 | $ | (35,031) |  |  | $ | (11,789) |  |  | $ | (2,891) |  |  | $ | (21,822) |  |  | $ | (71,533) |
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; amounts in parentheses indicate debits or reductions to earnings):
AOCI Components |  |  |  | Three Months Ended |  | Nine Months Ended
| Location in the Condensed Consolidated |  | March 31, |  | March 31,
| Statement of Operations |  | 2022 |  | 2021 |  | 2022 |  | 2021
Unrealized gains (losses) on cash flow hedges from foreign exchange and interest rate contracts |  | Revenues |  | $ | 1,600 |  |  | $ | (583) |  |  | $ | 4,868 |  |  | $ | (1,511) |
|  | Costs of revenues and operating expenses |  | (329) |  |  | 187 |  |  | (909) |  |  | 612 |
|  | Interest expense |  | (279) |  |  | (279) |  |  | (837) |  |  | (837) |
|  | Net gains (losses) reclassified from AOCI |  | $ | 992 |  |  | $ | (675) |  |  | $ | 3,122 |  |  | $ | (1,736) |
Unrealized gains (losses) on available-for-sale securities |  | Other expense (income), net |  | $ | (88) |  |  | $ | 25 |  |  | $ | (90) |  |  | $ | 238 |

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