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FAIR VALUE MEASUREMENTS (Tables)
12 Months Ended
Jun. 30, 2024
Fair Value Disclosures [Abstract]  
Schedule of Financial Assets and Liabilities Measured at Fair Value on a Recurring Basis
Financial assets (excluding cash held in operating accounts and time deposits) and liabilities measured at fair value on a recurring basis as of the date indicated below were presented on our Consolidated Balance Sheets as follows:
As of June 30, 2024 (In thousands)TotalQuoted Prices
in Active Markets
for Identical
Assets (Level 1)
Significant 
Other
Observable 
Inputs
(Level 2)
Little or No
Market Activity Inputs (Level 3)
Assets
Cash equivalents:
Corporate debt securities$2,312 $— $2,312 $— 
Money market funds and other1,585,832 1,585,832 — — 
U.S. Treasury securities35,158 — 35,158 — 
Marketable securities:
Corporate debt securities771,920 — 771,920 — 
Municipal securities41,159 — 41,159 — 
U.S. Government agency securities105,874 105,874 — — 
U.S. Treasury securities716,148 476,230 239,918 — 
Equity securities
25,566 25,566 — — 
Total cash equivalents and marketable securities(1)
3,283,969 2,193,502 1,090,467 — 
Other current assets:
Derivative assets36,503 — 36,503 — 
Other non-current assets:
EDSP303,365 272,816 30,549 — 
Total financial assets(1)
$3,623,837 $2,466,318 $1,157,519 $— 
Liabilities
Derivative liabilities$(15,683)$— $(15,683)$— 
Total financial liabilities$(15,683)$— $(15,683)$— 
__________________ 
(1)Excludes cash of $287.6 million held in operating accounts and time deposits of $932.4 million (of which $66.2 million were cash equivalents) as of June 30, 2024.
Financial assets (excluding cash held in operating accounts and time deposits) and liabilities measured at fair value on a recurring basis as of the date indicated below were presented on our Consolidated Balance Sheets as follows:
As of June 30, 2023 (In thousands)TotalQuoted Prices in
Active Markets
for Identical
Assets (Level 1)
Significant Other
Observable Inputs
(Level 2)
Little or No
Market Activity Inputs (Level 3)
Assets
Cash equivalents:
Money market funds and other$1,257,223 $1,257,223 $— $— 
U.S. Government agency securities3,788 — 3,788 — 
U.S. Treasury securities11,500 — 11,500 — 
Marketable securities:
Corporate debt securities502,650 — 502,650 — 
Municipal securities31,788 — 31,788 — 
U.S. Government agency securities129,784 127,715 2,069 — 
U.S. Treasury securities518,215 425,234 92,981 — 
Equity securities
18,159 18,159 — — 
Total cash equivalents and marketable securities(1)
2,473,107 1,828,331 644,776 — 
Other current assets:
Derivative assets35,712 — 35,712 — 
Other non-current assets:
EDSP256,846 198,639 58,207 — 
Total financial assets(1)
$2,765,665 $2,026,970 $738,695 $— 
Liabilities
Derivative liabilities$(12,106)$— $(12,106)$— 
Contingent consideration payable(6,447)— — (6,447)
Total financial liabilities$(18,553)$— $(12,106)$(6,447)
__________________ 
(1)Excludes cash of $298.6 million held in operating accounts and time deposits of $471.4 million (of which $356.7 million were cash equivalents) as of June 30, 2023.