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FINANCIAL STATEMENT COMPONENTS (Tables) | 6 Months Ended
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Dec. 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) | December 31, 2023 |  | June 30, 2023
Accounts receivable, net: |  |  |
Accounts receivable, gross | $ | 1,879,295 |  |  | $ | 1,786,993 |
Allowance for credit losses | (35,417) |  |  | (33,632) |
| $ | 1,843,878 |  |  | $ | 1,753,361 |
Inventories: |  |  |
Customer service parts | $ | 586,232 |  |  | $ | 524,096 |
Raw materials | 1,560,293 |  |  | 1,559,202 |
Work-in-process | 621,406 |  |  | 578,864 |
Finished goods | 270,697 |  |  | 214,622 |
| $ | 3,038,628 |  |  | $ | 2,876,784 |
Other current assets: |  |  |
Deferred costs of revenues | $ | 166,385 |  |  | $ | 133,067 |
Prepaid expenses | 125,638 |  |  | 121,204 |
Contract assets | 100,944 |  |  | 117,137 |
Prepaid income and other taxes | 53,269 |  |  | 64,901 |
Other current assets | 76,985 |  |  | 62,419 |
| $ | 523,221 |  |  | $ | 498,728 |
Land, property and equipment, net: |  |  |
Land | $ | 78,261 |  |  | $ | 72,287 |
Buildings and leasehold improvements | 872,520 |  |  | 825,975 |
Machinery and equipment | 1,076,052 |  |  | 1,016,713 |
Office furniture and fixtures | 61,092 |  |  | 58,036 |
Construction-in-process | 201,446 |  |  | 168,817 |
| 2,289,371 |  |  | 2,141,828 |
Less: accumulated depreciation | (1,200,547) |  |  | (1,109,987) |
| $ | 1,088,824 |  |  | $ | 1,031,841 |
Other non-current assets: |  |  |
Executive Deferred Savings Plan(1) | $ | 272,709 |  |  | $ | 256,846 |
Operating lease right of use assets | 235,101 |  |  | 208,706 |
Other non-current assets | 160,546 |  |  | 171,910 |
| $ | 668,356 |  |  | $ | 637,462 |
Other current liabilities: |  |  |
Customer deposits | $ | 607,998 |  |  | $ | 769,000 |
Compensation and benefits | 517,076 |  |  | 370,536 |
Other liabilities and accrued expenses | 402,906 |  |  | 383,407 |
Executive Deferred Savings Plan(1) | 273,937 |  |  | 258,223 |
Income taxes payable | 164,101 |  |  | 383,012 |
Interest payable | 112,757 |  |  | 105,270 |
Operating lease liabilities | 35,439 |  |  | 34,042 |
| $ | 2,114,214 |  |  | $ | 2,303,490 |
Other non-current liabilities: |  |  |
Income taxes payable | $ | 274,747 |  |  | $ | 322,113 |
Customer deposits | 173,279 |  |  | 156,874 |
Operating lease liabilities | 156,040 |  |  | 138,354 |
Pension liabilities | 62,124 |  |  | 63,672 |
Other non-current liabilities | 140,983 |  |  | 132,045 |
| $ | 807,173 |  |  | $ | 813,058 |
________________ (1)We have a non-qualified deferred compensation plan (known as the “Executive Deferred Savings Plan” or “EDSP”) under which certain employees and non-employee directors may defer a portion of their compensation. The expense associated with changes in the EDSP liability included in selling, general and administrative (“SG&A”) expense was $25.8 million and $11.9 million in the three months ended December 31, 2023 and 2022, respectively, and was $16.5 million and $1.6 million during the six months ended December 31, 2023 and 2022, respectively. The amount of net gains associated with changes in the EDSP assets included in SG&A expense was $25.7 million and $11.9 million in the three months ended December 31, 2023 and 2022, respectively, and was $16.2 million and $1.6 million during the six months ended December 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, 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 December 31, 2023 | $ | (68,826) |  |  | $ | (163) |  |  | $ | 55,739 |  |  | $ | (19,014) |  |  | $ | (32,264) |
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 |  | Six Months Ended
| Location in the Condensed Consolidated Statement of Operations |  | December 31, |  | December 31,
|  | 2023 |  | 2022 |  | 2023 |  | 2022
Unrealized gains on cash flow hedges from foreign exchange and interest rate contracts |  | Revenues |  | $ | 8,036 |  |  | $ | 15,928 |  |  | $ | 11,432 |  |  | $ | 30,533 |
|  | Costs of revenues and operating expenses |  | (20) |  |  | (3,904) |  |  | 2,755 |  |  | (9,271) |
|  | Interest expense |  | 937 |  |  | 937 |  |  | 1,874 |  |  | 1,874 |
|  | Net gains reclassified from AOCI |  | $ | 8,953 |  |  | $ | 12,961 |  |  | $ | 16,061 |  |  | $ | 23,136 |
Unrealized losses on available-for-sale securities |  | Other expense (income), net |  | $ | (61) |  |  | $ | (407) |  |  | $ | (73) |  |  | $ | (581) |

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