FAIR VALUE MEASUREMENTS (Tables)

6 Months Ended

Dec. 31, 2023

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 dates indicated below, were presented on our Condensed Consolidated Balance Sheets as follows:


			Quoted Prices in Active Markets for Identical Assets		Significant Other Observable Inputs		Little or No Market Activity Inputs
As of December 31, 2023 (In thousands)	Total		(Level 1)		(Level 2)		(Level 3)
Assets
Cash equivalents:

Money market funds and other	$	959,851	$	959,851	$	—	$	—

U.S. Treasury securities	42,001		—		42,001		—




Marketable securities:
Corporate debt securities	743,650		—		743,650		—
Municipal securities	38,582		—		38,582		—

U.S. Government agency securities	110,261		110,261		—		—
U.S. Treasury securities	546,370		432,791		113,579		—

Equity securities	15,017		15,017		—		—

Total cash equivalents and marketable securities(1)	2,455,732		1,517,920		937,812		—
Other current assets:
Derivative assets	38,937		—		38,937		—
Other non-current assets:
Executive Deferred Savings Plan	272,709		245,683		27,026		—
Total financial assets(1)	$	2,767,378	$	1,763,603	$	1,003,775	$	—
Liabilities
Derivative liabilities	$	(21,923)	$	—	$	(21,923)	$	—

Contingent consideration payable	(2,507)		—		—		(2,507)


Total financial liabilities	$	(24,430)	$	—	$	(21,923)	$	(2,507)

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(1) Excludes cash of $430.1 million held in operating accounts and time deposits of $457.2 million (of which $233.1 million were cash equivalents) as of December 31, 2023.


			Quoted Prices in Active Markets for Identical Assets		Significant Other Observable Inputs		Little or No Market Activity Inputs
As of June 30, 2023 (In thousands)	Total		(Level 1)		(Level 2)		(Level 3)
Assets
Cash equivalents:


Money market funds and other	$	1,257,223	$	1,257,223	$	—	$	—
U.S. Government agency securities	3,788		—		3,788		—
U.S. Treasury securities	11,500		—		11,500		—



Marketable securities:
Corporate debt securities	502,650		—		502,650		—
Municipal securities	31,788		—		31,788		—

U.S. Government agency securities	129,784		127,715		2,069		—
U.S. Treasury securities	518,215		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 assets	35,712		—		35,712		—
Other non-current assets:
Executive Deferred Savings Plan	256,846		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)

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(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.