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FINANCIAL STATEMENT COMPONENTS (Tables) | 3 Months Ended
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Sep. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Schedule of Balance Sheet Components | Condensed Consolidated Balance Sheets
| As of |  | As of
(In thousands) | September 30, 2022 |  | June 30, 2022
Accounts receivable, net: |  |  |
Accounts receivable, gross | $ | 1,884,328 |  |  | $ | 1,832,508 |
Allowance for credit losses | (27,008) |  |  | (20,631) |
| $ | 1,857,320 |  |  | $ | 1,811,877 |
Inventories: |  |  |
Customer service parts | $ | 422,983 |  |  | $ | 402,121 |
Raw materials | 1,183,244 |  |  | 1,042,916 |
Work-in-process | 527,359 |  |  | 451,782 |
Finished goods | 274,739 |  |  | 250,070 |
| $ | 2,408,325 |  |  | $ | 2,146,889 |
Other current assets: |  |  |
Deferred costs of revenues | $ | 117,341 |  |  | $ | 124,487 |
Contract assets | 114,086 |  |  | 114,747 |
Prepaid expenses | 100,027 |  |  | 108,942 |
Prepaid income and other taxes | 31,009 |  |  | 89,713 |
Other current assets | 62,311 |  |  | 64,248 |
| $ | 424,774 |  |  | $ | 502,137 |
Land, property and equipment, net: |  |  |
Land | $ | 72,288 |  |  | $ | 67,846 |
Buildings and leasehold improvements | 728,948 |  |  | 712,751 |
Machinery and equipment | 805,466 |  |  | 819,191 |
Office furniture and fixtures | 46,213 |  |  | 44,957 |
Construction-in-process | 150,974 |  |  | 110,079 |
| 1,803,889 |  |  | 1,754,824 |
Less: accumulated depreciation | (890,887) |  |  | (904,895) |
| $ | 913,002 |  |  | $ | 849,929 |
Other non-current assets: |  |  |
Executive Deferred Savings Plan(1) | $ | 213,824 |  |  | $ | 224,188 |
Operating lease right of use assets | 125,986 |  |  | 126,444 |
Other non-current assets | 154,221 |  |  | 133,980 |
| $ | 494,031 |  |  | $ | 484,612 |
Other current liabilities: |  |  |
Customer credits and advances | $ | 579,767 |  |  | $ | 515,118 |
Compensation and benefits | 441,671 |  |  | 351,924 |
Income taxes payable | 278,400 |  |  | 126,964 |
Other accrued expenses | 245,476 |  |  | 253,265 |
Executive Deferred Savings Plan(1) | 215,193 |  |  | 225,867 |
Interest payable | 65,140 |  |  | 39,683 |
Operating lease liabilities | 30,701 |  |  | 32,218 |
| $ | 1,856,348 |  |  | $ | 1,545,039 |
Other non-current liabilities: |  |  |
Customer credits and advances | $ | 304,396 |  |  | $ | 204,914 |
Income taxes payable | 300,461 |  |  | 367,052 |
Operating lease liabilities | 79,789 |  |  | 81,369 |
Pension liabilities | 73,426 |  |  | 78,525 |
Other non-current liabilities | 123,700 |  |  | 150,782 |
| $ | 881,772 |  |  | $ | 882,642 |
________________ (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 benefit associated with changes in the EDSP liability included in selling, general and administrative (“SG&A”) expense was $10.3 million and $1.0 million during the three months ended September 30, 2022 and 2021, respectively. The amount of net losses associated with changes in the EDSP assets included in SG&A expense was $10.3 million and $1.1 million during the three months ended September 30, 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, 2022.
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 September 30, 2022 | $ | (63,598) |  |  | $ | (20,816) |  |  | $ | 49,617 |  |  | $ | (24,044) |  |  | $ | (58,841) |
Balance as of June 30, 2022 | $ | (43,886) |  |  | $ | (15,486) |  |  | $ | 56,836 |  |  | $ | (24,935) |  |  | $ | (27,471) |
Schedule of Reclassification out of Accumulated Other Comprehensive Income | The effects on net income of amounts reclassified from AOCI to the Condensed Consolidated Statements of Operations for the indicated periods were as follows (in thousands; amounts in parentheses indicate debits or reductions to earnings):
AOCI Components |  |  |  | Three Months Ended |  |
|  |  | September 30, |  |
| Location in the Condensed Consolidated Statement of Operations |  | 2022 |  | 2021 |  |  |  |
Unrealized gains (losses) on cash flow hedges from foreign exchange and interest rate contracts |  | Revenues |  | $ | 14,605 |  |  | $ | 1,729 |  |  |  |  |
|  | Costs of revenues and operating expenses |  | (5,367) |  |  | (232) |  |  |  |  |
|  | Interest expense |  | 937 |  |  | (279) |  |  |  |  |
|  | Net gains reclassified from AOCI |  | $ | 10,175 |  |  | $ | 1,218 |  |  |  |  |
Unrealized gains (losses) on available-for-sale securities |  | Other expense (income), net |  | $ | (174) |  |  | $ | 1 |  |  |  |  |

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