FAIR VALUE MEASUREMENTS (Tables)

9 Months Ended

Mar. 31, 2024

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 March 31, 2024 (In thousands)	Total		(Level 1)		(Level 2)		(Level 3)
Assets
Cash equivalents:
Corporate debt securities	$	1,517	$	—	$	1,517	$	—
Money market funds and other	1,091,385		1,091,385		—		—

U.S. Treasury securities	35,606		—		35,606		—




Marketable securities:
Corporate debt securities	765,619		—		765,619		—
Municipal securities	40,127		—		40,127		—

U.S. Government agency securities	93,208		93,208		—		—
U.S. Treasury securities	725,509		435,647		289,862		—

Equity securities	29,260		29,260		—		—

Total cash equivalents and marketable securities(1)	2,782,231		1,649,500		1,132,731		—
Other current assets:
Derivative assets	35,838		—		35,838		—
Other non-current assets:
Executive Deferred Savings Plan	297,915		265,969		31,946		—
Total financial assets(1)	$	3,115,984	$	1,915,469	$	1,200,515	$	—
Liabilities
Derivative liabilities	$	(16,716)	$	—	$	(16,716)	$	—

Contingent consideration payable	(67)		—		—		(67)


Total financial liabilities	$	(16,783)	$	—	$	(16,716)	$	(67)

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(1) Excludes cash of $457.6 million held in operating accounts and time deposits of $1.05 billion (of which $262.1 million were cash equivalents) as of March 31, 2024.


			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.