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FINANCIAL STATEMENT COMPONENTS (Tables) | 3 Months Ended
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Sep. 30, 2023
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, 2023 |  | June 30, 2023
Accounts receivable, net: |  |  |
Accounts receivable, gross | $ | 1,664,280 |  |  | $ | 1,786,993 |
Allowance for credit losses | (33,534) |  |  | (33,632) |
| $ | 1,630,746 |  |  | $ | 1,753,361 |
Inventories: |  |  |
Customer service parts | $ | 560,088 |  |  | $ | 524,096 |
Raw materials | 1,614,050 |  |  | 1,559,202 |
Work-in-process | 635,045 |  |  | 578,864 |
Finished goods | 198,522 |  |  | 214,622 |
| $ | 3,007,705 |  |  | $ | 2,876,784 |
Other current assets: |  |  |
Deferred costs of revenues | $ | 126,873 |  |  | $ | 133,067 |
Prepaid expenses | 120,553 |  |  | 121,204 |
Contract assets | 93,300 |  |  | 117,137 |
Prepaid income and other taxes | 33,371 |  |  | 64,901 |
Other current assets | 68,922 |  |  | 62,419 |
| $ | 443,019 |  |  | $ | 498,728 |
Land, property and equipment, net: |  |  |
Land | $ | 78,261 |  |  | $ | 72,287 |
Buildings and leasehold improvements | 862,733 |  |  | 825,975 |
Machinery and equipment | 1,044,335 |  |  | 1,016,713 |
Office furniture and fixtures | 59,221 |  |  | 58,036 |
Construction-in-process | 169,306 |  |  | 168,817 |
| 2,213,856 |  |  | 2,141,828 |
Less: accumulated depreciation | (1,153,931) |  |  | (1,109,987) |
| $ | 1,059,925 |  |  | $ | 1,031,841 |
Other non-current assets: |  |  |
Executive Deferred Savings Plan(1) | $ | 248,455 |  |  | $ | 256,846 |
Operating lease right of use assets | 218,053 |  |  | 208,706 |
Other non-current assets | 158,341 |  |  | 171,910 |
| $ | 624,849 |  |  | $ | 637,462 |
Other current liabilities: |  |  |
Customer deposits | $ | 675,582 |  |  | $ | 769,000 |
Income taxes payable | 517,768 |  |  | 383,012 |
Compensation and benefits | 472,768 |  |  | 370,536 |
Other liabilities and accrued expenses | 365,615 |  |  | 383,407 |
Executive Deferred Savings Plan(1) | 248,818 |  |  | 258,223 |
Interest payable | 65,299 |  |  | 105,270 |
Operating lease liabilities | 35,514 |  |  | 34,042 |
| $ | 2,381,364 |  |  | $ | 2,303,490 |
Other non-current liabilities: |  |  |
Income taxes payable | $ | 267,185 |  |  | $ | 322,113 |
Customer deposits | 143,339 |  |  | 156,874 |
Operating lease liabilities | 138,682 |  |  | 138,354 |
Pension liabilities | 60,821 |  |  | 63,672 |
Other non-current liabilities | 129,075 |  |  | 132,045 |
| $ | 739,102 |  |  | $ | 813,058 |
________________ (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 $9.3 million and $10.3 million during the three months ended September 30, 2023 and 2022, respectively. The amount of net losses associated with changes in the EDSP assets included in SG&A expense was $9.5 million and $10.3 million during the three months ended September 30, 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, 2023.
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, 2023 | $ | (71,220) |  |  | $ | (11,810) |  |  | $ | 52,211 |  |  | $ | (18,619) |  |  | $ | (49,438) |
Balance as of June 30, 2023 | $ | (64,627) |  |  | $ | (12,797) |  |  | $ | 59,944 |  |  | $ | (18,861) |  |  | $ | (36,341) |
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 |  |
| Location in the Condensed Consolidated Statement of Operations |  | September 30, |  |
|  | 2023 |  | 2022 |  |  |  |
Unrealized gains (losses) on cash flow hedges from foreign exchange and interest rate contracts |  | Revenues |  | $ | 3,396 |  |  | $ | 14,605 |  |  |  |  |
|  | Costs of revenues and operating expenses |  | 2,775 |  |  | (5,367) |  |  |  |  |
|  | Interest expense |  | 937 |  |  | 937 |  |  |  |  |
|  | Net gains reclassified from AOCI |  | $ | 7,108 |  |  | $ | 10,175 |  |  |  |  |
Unrealized losses on available-for-sale securities |  | Other expense (income), net |  | $ | (12) |  |  | $ | (174) |  |  |  |  |

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