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FINANCIAL STATEMENT COMPONENTS (Tables) | 9 Months Ended
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Mar. 31, 2023
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, 2023 |  | June 30, 2022
Accounts receivable, net: |  |  |
Accounts receivable, gross | $ | 1,973,188 |  |  | $ | 1,832,508 |
Allowance for credit losses | (33,121) |  |  | (20,631) |
| $ | 1,940,067 |  |  | $ | 1,811,877 |
Inventories: |  |  |
Customer service parts | $ | 492,681 |  |  | $ | 402,121 |
Raw materials | 1,503,024 |  |  | 1,042,916 |
Work-in-process | 575,084 |  |  | 451,782 |
Finished goods | 178,954 |  |  | 250,070 |
| $ | 2,749,743 |  |  | $ | 2,146,889 |
Other current assets: |  |  |
Contract assets | $ | 125,019 |  |  | $ | 114,747 |
Prepaid expenses | 113,228 |  |  | 108,942 |
Deferred costs of revenues | 112,074 |  |  | 124,487 |
Prepaid income and other taxes | 37,834 |  |  | 89,713 |
Other current assets | 50,576 |  |  | 64,248 |
| $ | 438,731 |  |  | $ | 502,137 |
Land, property and equipment, net: |  |  |
Land | $ | 72,286 |  |  | $ | 67,846 |
Buildings and leasehold improvements | 810,173 |  |  | 712,751 |
Machinery and equipment | 970,525 |  |  | 819,191 |
Office furniture and fixtures | 57,554 |  |  | 44,957 |
Construction-in-process | 147,932 |  |  | 110,079 |
| 2,058,470 |  |  | 1,754,824 |
Less: accumulated depreciation | (1,074,199) |  |  | (904,895) |
| $ | 984,271 |  |  | $ | 849,929 |
Other non-current assets: |  |  |
Executive Deferred Savings Plan(1) | $ | 245,090 |  |  | $ | 224,188 |
Operating lease right of use assets | 201,014 |  |  | 126,444 |
Other non-current assets | 171,806 |  |  | 133,980 |
| $ | 617,910 |  |  | $ | 484,612 |
Other current liabilities: |  |  |
Customer deposits | $ | 575,466 |  |  | $ | 394,016 |
Compensation and benefits | 445,828 |  |  | 351,924 |
Income taxes payable | 313,317 |  |  | 126,964 |
Executive Deferred Savings Plan(1) | 245,734 |  |  | 225,867 |
Interest payable | 56,049 |  |  | 39,683 |
Operating lease liabilities | 33,522 |  |  | 32,218 |
Other liabilities and accrued expenses | 439,535 |  |  | 374,367 |
| $ | 2,109,451 |  |  | $ | 1,545,039 |
Other non-current liabilities: |  |  |
Customer deposits | $ | 343,691 |  |  | $ | 204,914 |
Income taxes payable | 317,263 |  |  | 367,052 |
Operating lease liabilities | 137,811 |  |  | 81,369 |
Pension liabilities | 75,716 |  |  | 78,525 |
Other non-current liabilities | 127,497 |  |  | 150,782 |
| $ | 1,001,978 |  |  | $ | 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 (benefit) associated with changes in the EDSP liability included in selling, general and administrative (“SG&A”) expense was $13.1 million and $(18.8) million in the three months ended March 31, 2023 and 2022, respectively, and was $14.7 million and $(7.8) million during the nine months ended March 31, 2023 and 2022, respectively. The amount of net gains (losses) associated with changes in the EDSP assets included in SG&A expense was $13.1 million and $(18.7) million in the three months ended March 31, 2023 and 2022, respectively, and was $14.7 million and $(8.0) million during the nine months ended March 31, 2023 and 2022, 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 March 31, 2023 | $ | (51,637) |  |  | $ | (10,934) |  |  | $ | 51,654 |  |  | $ | (24,374) |  |  | $ | (35,291) |
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 |  | Nine Months Ended
| Location in the Condensed Consolidated Statement of Operations |  | March 31, |  | March 31,
|  | 2023 |  | 2022 |  | 2023 |  | 2022
Unrealized gains (losses) on cash flow hedges from foreign exchange and interest rate contracts |  | Revenues |  | $ | 1,421 |  |  | $ | 1,600 |  |  | $ | 31,954 |  |  | $ | 4,868 |
|  | Costs of revenues and operating expenses |  | 467 |  |  | (329) |  |  | (8,804) |  |  | (909) |
|  | Interest expense |  | 936 |  |  | (279) |  |  | 2,810 |  |  | (837) |
|  | Net gains reclassified from AOCI |  | $ | 2,824 |  |  | $ | 992 |  |  | $ | 25,960 |  |  | $ | 3,122 |
Unrealized gains (losses) on available-for-sale securities |  | Other expense (income), net |  | $ | (250) |  |  | $ | (88) |  |  | $ | (831) |  |  | $ | (90) |

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