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FINANCIAL STATEMENT COMPONENTS (Tables) | 6 Months Ended
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Dec. 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) | December 31, 2022 |  | June 30, 2022
Accounts receivable, net: |  |  |
Accounts receivable, gross | $ | 2,317,402 |  |  | $ | 1,832,508 |
Allowance for credit losses | (34,477) |  |  | (20,631) |
| $ | 2,282,925 |  |  | $ | 1,811,877 |
Inventories: |  |  |
Customer service parts | $ | 453,124 |  |  | $ | 402,121 |
Raw materials | 1,418,136 |  |  | 1,042,916 |
Work-in-process | 477,588 |  |  | 451,782 |
Finished goods | 186,527 |  |  | 250,070 |
| $ | 2,535,375 |  |  | $ | 2,146,889 |
Other current assets: |  |  |
Prepaid expenses | $ | 130,624 |  |  | $ | 108,942 |
Contract assets | 119,734 |  |  | 114,747 |
Deferred costs of revenues | 112,026 |  |  | 124,487 |
Prepaid income and other taxes | 32,555 |  |  | 89,713 |
Other current assets | 52,993 |  |  | 64,248 |
| $ | 447,932 |  |  | $ | 502,137 |
Land, property and equipment, net: |  |  |
Land | $ | 72,285 |  |  | $ | 67,846 |
Buildings and leasehold improvements | 774,698 |  |  | 712,751 |
Machinery and equipment | 944,703 |  |  | 819,191 |
Office furniture and fixtures | 53,429 |  |  | 44,957 |
Construction-in-process | 159,551 |  |  | 110,079 |
| 2,004,666 |  |  | 1,754,824 |
Less: accumulated depreciation | (1,039,853) |  |  | (904,895) |
| $ | 964,813 |  |  | $ | 849,929 |
Other non-current assets: |  |  |
Executive Deferred Savings Plan(1) | $ | 223,235 |  |  | $ | 224,188 |
Operating lease right of use assets | 131,920 |  |  | 126,444 |
Other non-current assets | 167,578 |  |  | 133,980 |
| $ | 522,733 |  |  | $ | 484,612 |
Other current liabilities: |  |  |
Customer credits and advances | $ | 628,522 |  |  | $ | 515,118 |
Compensation and benefits | 501,894 |  |  | 351,924 |
Other accrued expenses | 322,187 |  |  | 253,265 |
Executive Deferred Savings Plan(1) | 225,254 |  |  | 225,867 |
Income taxes payable | 225,011 |  |  | 126,964 |
Interest payable | 109,524 |  |  | 39,683 |
Operating lease liabilities | 31,591 |  |  | 32,218 |
| $ | 2,043,983 |  |  | $ | 1,545,039 |
Other non-current liabilities: |  |  |
Income taxes payable | $ | 309,293 |  |  | $ | 367,052 |
Customer credits and advances | 216,000 |  |  | 204,914 |
Operating lease liabilities | 81,020 |  |  | 81,369 |
Pension liabilities | 76,542 |  |  | 78,525 |
Other non-current liabilities | 124,599 |  |  | 150,782 |
| $ | 807,454 |  |  | $ | 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 expense associated with changes in the EDSP liability included in selling, general and administrative (“SG&A”) expense was $11.9 million and $12.0 million in the three months ended December 31, 2022 and 2021, respectively, and was $1.6 million and $11.0 million during the six months ended December 31, 2022 and 2021, respectively. The amount of net gains associated with changes in the EDSP assets included in SG&A expense was $11.9 million and $11.8 million in the three months ended December 31, 2022 and 2021, respectively, and was $1.6 million and $10.7 million during the six months ended December 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, 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 December 31, 2022 | $ | (55,857) |  |  | $ | (16,955) |  |  | $ | 48,170 |  |  | $ | (24,460) |  |  | $ | (49,102) |
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 |  | Six Months Ended
| Location in the Condensed Consolidated Statement of Operations |  | December 31, |  | December 31,
|  | 2022 |  | 2021 |  | 2022 |  | 2021
Unrealized gains (losses) on cash flow hedges from foreign exchange and interest rate contracts |  | Revenues |  | $ | 15,928 |  |  | $ | 1,539 |  |  | $ | 30,533 |  |  | $ | 3,268 |
|  | Costs of revenues and operating expenses |  | (3,904) |  |  | (348) |  |  | (9,271) |  |  | (580) |
|  | Interest expense |  | 937 |  |  | (279) |  |  | 1,874 |  |  | (558) |
|  | Net gains reclassified from AOCI |  | $ | 12,961 |  |  | $ | 912 |  |  | $ | 23,136 |  |  | $ | 2,130 |
Unrealized gains (losses) on available-for-sale securities |  | Other expense (income), net |  | $ | (407) |  |  | $ | (3) |  |  | $ | (581) |  |  | $ | (2) |

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