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MARKETABLE SECURITIES (Tables) | 12 Months Ended
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Jun. 30, 2024
Investments, Debt and Equity Securities [Abstract] |
Schedule of Amortized Cost and Fair Value of Fixed Income Marketable Securities | The amortized cost and fair value of our fixed income marketable securities as of the dates indicated below were as follows:
As of June 30, 2024 (In thousands) | Amortized Cost |  | Gross Unrealized Gains |  | Gross Unrealized Losses |  | Fair Value
Corporate debt securities | $ | 775,277 |  |  | $ | 973 |  |  | $ | (2,018) |  |  | $ | 774,232 |
Money market funds and other | 1,585,832 |  |  | — |  |  | — |  |  | 1,585,832 |
Municipal securities | 41,343 |  |  | 13 |  |  | (197) |  |  | 41,159 |
U.S. Government agency securities | 106,101 |  |  | 26 |  |  | (253) |  |  | 105,874 |
U.S. Treasury securities | 754,505 |  |  | 209 |  |  | (3,408) |  |  | 751,306 |
Subtotal | 3,263,058 |  |  | 1,221 |  |  | (5,876) |  |  | 3,258,403 |
Add: Time deposits(1) | 932,436 |  |  | — |  |  | — |  |  | 932,436 |
Less: Cash equivalents | 1,689,540 |  |  | — |  |  | (1) |  |  | 1,689,539 |
Marketable securities(2) | $ | 2,505,954 |  |  | $ | 1,221 |  |  | $ | (5,875) |  |  | $ | 2,501,300 |
As of June 30, 2023 (In thousands) | Amortized Cost |  | Gross Unrealized Gains |  | Gross Unrealized Losses |  | Fair Value
Corporate debt securities | $ | 508,511 |  |  | $ | 52 |  |  | $ | (5,913) |  |  | $ | 502,650 |
Money market funds and other | 1,257,223 |  |  | — |  |  | — |  |  | 1,257,223 |
Municipal securities | 32,525 |  |  | — |  |  | (737) |  |  | 31,788 |
U.S. Government agency securities | 134,486 |  |  | 4 |  |  | (918) |  |  | 133,572 |
U.S. Treasury securities | 538,487 |  |  | 10 |  |  | (8,782) |  |  | 529,715 |
Subtotal | 2,471,232 |  |  | 66 |  |  | (16,350) |  |  | 2,454,948 |
Add: Time deposits(1) | 471,439 |  |  | — |  |  | — |  |  | 471,439 |
Less: Cash equivalents | 1,629,248 |  |  | 4 |  |  | — |  |  | 1,629,252 |
Marketable securities(2) | $ | 1,313,423 |  |  | $ | 62 |  |  | $ | (16,350) |  |  | $ | 1,297,135 |
__________________ (1)Time deposits excluded from fair value measurements. (2)Excludes equity marketable securities.
Schedule of Debt Securities, Available-for-Sale, Unrealized Loss Position, Fair Value | The following table summarizes the fair value and gross unrealized losses of our investments that were in an unrealized loss position as of the dates indicated below:
As of June 30, 2024 | Less than 12 Months |  | 12 Months or Greater |  | Total
(In thousands) | Fair Value |  | Gross Unrealized Losses |  | Fair Value |  | Gross Unrealized Losses |  | Fair Value |  | Gross Unrealized Losses
Corporate debt securities | $ | 355,882 |  |  | $ | (942) |  |  | $ | 100,957 |  |  | $ | (1,076) |  |  | $ | 456,839 |  |  | $ | (2,018) |
Municipal securities | 17,364 |  |  | (81) |  |  | 10,788 |  |  | (116) |  |  | 28,152 |  |  | (197) |
U.S. Government agency securities | 58,598 |  |  | (137) |  |  | 17,197 |  |  | (116) |  |  | 75,795 |  |  | (253) |
U.S. Treasury securities | 466,144 |  |  | (1,040) |  |  | 166,867 |  |  | (2,368) |  |  | 633,011 |  |  | (3,408) |
Total | $ | 897,988 |  |  | $ | (2,200) |  |  | $ | 295,809 |  |  | $ | (3,676) |  |  | $ | 1,193,797 |  |  | $ | (5,876) |
As of June 30, 2023 | Less than 12 Months |  | 12 Months or Greater |  | Total
(In thousands) | Fair Value |  | Gross Unrealized Losses |  | Fair Value |  | Gross Unrealized Losses |  | Fair Value |  | Gross Unrealized Losses
Corporate debt securities | $ | 310,613 |  |  | $ | (2,242) |  |  | $ | 161,263 |  |  | $ | (3,671) |  |  | $ | 471,876 |  |  | $ | (5,913) |
Municipal securities | 9,011 |  |  | (199) |  |  | 17,253 |  |  | (538) |  |  | 26,264 |  |  | (737) |
U.S. Government agency securities | 80,793 |  |  | (459) |  |  | 36,406 |  |  | (459) |  |  | 117,199 |  |  | (918) |
U.S. Treasury securities | 288,376 |  |  | (4,117) |  |  | 183,475 |  |  | (4,665) |  |  | 471,851 |  |  | (8,782) |
Total | $ | 688,793 |  |  | $ | (7,017) |  |  | $ | 398,397 |  |  | $ | (9,333) |  |  | $ | 1,087,190 |  |  | $ | (16,350) |
Schedule of Contractual Maturities of Securities | The contractual maturities of securities classified as available-for-sale, regardless of their classification on our Consolidated Balance Sheets, as of the date indicated below were as follows:
As of June 30, 2024 (In thousands) | Amortized Cost |  | Fair Value
Due within one year | $ | 1,608,395 |  |  | $ | 1,606,178 |
Due after one year through three years | 897,559 |  |  | 895,122 |
| $ | 2,505,954 |  |  | $ | 2,501,300 |

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