MARKETABLE SECURITIES (Tables)

12 Months Ended

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