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DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Tables)
 12 Months Ended
Jun. 30, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivative Instruments, Location, Designated and Non-Designated, Gains (Losses)
The gains (losses) on derivatives in cash flow and net investment hedging relationships recognized in OCI for the indicated periods were as follows:
Year Ended June 30,
(In thousands)202520242023
Derivatives Designated as Cash Flow Hedging Instruments:
Rate lock agreements:
Amounts included in the assessment of effectiveness$— $415 $— 
Foreign exchange contracts:
Amounts included in the assessment of effectiveness$36,747 $9,176 $30,153 
Amounts excluded from the assessment of effectiveness$(21)$146 $(128)
Derivatives Designated as Net Investment Hedging Instruments:
Foreign exchange contracts(1)
$(23,630)$3,459 $3,626 
________________
(1)No amounts were reclassified from AOCI into earnings related to the sale of a subsidiary.
The locations and amounts of designated and non-designated derivatives’ gains and losses reported in the Consolidated Statements of Operations for the indicated periods were as follows:
(In thousands)RevenuesCosts of Revenues and Operating ExpenseInterest ExpenseOther Expense (Income), Net
For the year ended June 30, 2023
Total amounts presented in the Consolidated Statements of Operations in which the effects of cash flow hedges are recorded$10,496,056 $6,501,360 $296,940 $(104,720)
Gains (Losses) on Derivatives Designated as Hedging Instruments:
Rate lock agreements:
Amount of gains reclassified from AOCI to earnings$— $— $3,747 $— 
Foreign exchange contracts:
Amount of gains (losses) reclassified from AOCI to earnings$33,243 $(6,526)$— $— 
Amount excluded from the assessment of effectiveness recognized in earnings$(1,406)$— $— $2,598 
Gains (Losses) on Derivatives Not Designated as Hedging Instruments:
Amount of losses recognized in earnings$— $— $— $(2,062)
For the year ended June 30, 2024
Total amounts presented in the Consolidated Statements of Operations in which the effects of cash flow hedges are recorded$9,812,247 $6,466,037 $311,253 $(155,075)
Gains (Losses) on Derivatives Designated as Hedging Instruments:
Rate lock agreements:
Amount of gains reclassified from AOCI to earnings$— $— $3,764 $— 
Foreign exchange contracts:
Amount of gains reclassified from AOCI to earnings$19,246 $3,766 $— $— 
Amount excluded from the assessment of effectiveness recognized in earnings $(872)$— $— $2,328 
Gains (Losses) on Derivatives Not Designated as Hedging Instruments:
Amount of gains recognized in earnings$— $— $— $10,597 
For the year ended June 30, 2025
Total amounts presented in the Consolidated Statements of Operations in which the effects of cash flow hedges are recorded$12,156,162 $7,381,035 $302,166 $(171,487)
Gains (Losses) on Derivatives Designated as Hedging Instruments:
Rate lock agreements:
Amount of gains reclassified from AOCI to earnings$— $— $3,285 $— 
Foreign exchange contracts:
Amount of gains reclassified from AOCI to earnings$8,950 $4,678 $— $— 
Amount excluded from the assessment of effectiveness recognized in earnings$(1,484)$— $— $2,984 
Gains (Losses) on Derivatives Not Designated as Hedging Instruments:
Amount of gains recognized in earnings$— $— $— $37,588 
Schedule of Notional Amounts of Derivatives Outstanding
The U.S. dollar equivalent of all outstanding notional amounts of foreign currency hedge contracts, with maximum remaining maturities of approximately 14 months as of June 30, 2025 and 12 months as of June 30, 2024, were as follows:
(In thousands)As of June 30, 2025As of June 30, 2024
Cash flow hedge contracts - foreign currency
Purchase$405,349 $426,839 
Sell$159,475 $76,342 
Net Investment hedge contracts - foreign currency
Sell$384,130 $273,952 
Other foreign currency hedge contracts
Purchase$618,844 $589,171 
Sell$429,643 $411,635 
Schedule of Derivative Instruments, Fair Value
The locations and fair value of our derivatives reported in our Consolidated Balance Sheets as of the dates indicated below were as follows:
 Asset DerivativesLiability Derivatives
 Balance Sheet 
Location		As of June 30, 2025As of June 30, 2024Balance Sheet 
Location		As of June 30, 2025As of June 30, 2024
(In thousands)Fair ValueFair Value
Derivatives designated as hedging instruments
Foreign exchange contractsOther current assets$29,492 $13,783 Other current liabilities$(24,331)$(8,066)
Total derivatives designated as hedging instruments29,492 13,783 (24,331)(8,066)
Derivatives not designated as hedging instruments
Foreign exchange contractsOther current assets30,011 22,720 Other current liabilities(4,284)(7,617)
Total derivatives not designated as hedging instruments30,011 22,720 (4,284)(7,617)
Total derivatives$59,503 $36,503 $(28,615)$(15,683)
Schedule of Balances and Changes in Accumulated Other Comprehensive Income Related to Derivative Instruments
The changes in AOCI, before taxes, related to derivatives for the indicated periods were as follows:
Year Ended June 30,
(In thousands)202520242023
Beginning balance$68,903 $81,611 $77,018 
Amount reclassified to earnings as net gains(15,429)(25,904)(29,058)
Net change in unrealized gains13,096 13,196 33,651 
Ending balance$66,570 $68,903 $81,611 
Schedule of Offsetting of Derivative Assets and Liabilities The information related to the offsetting arrangements for the periods indicated was as follows:
As of June 30, 2025Gross Amounts of Derivatives Not Offset in the Consolidated Balance Sheets
(In thousands)
Gross Amounts of Derivatives
Gross Amounts of Derivatives Offset in the Consolidated Balance Sheets
Net Amount of Derivatives Presented in the Consolidated Balance Sheets
Financial InstrumentsCash Collateral ReceivedNet Amount
Derivatives - assets$59,503 $— $59,503 $(28,615)$— $30,888 
Derivatives - liabilities$(28,615)$— $(28,615)$28,615 $— $— 
As of June 30, 2024Gross Amounts of Derivatives Not Offset in the Consolidated Balance Sheets
(In thousands)
Gross Amounts of Derivatives
Gross Amounts of Derivatives Offset in the Consolidated Balance Sheets
Net Amount of Derivatives Presented in the Consolidated Balance Sheets
Financial InstrumentsCash Collateral ReceivedNet Amount
Derivatives - assets$36,503 $— $36,503 $(15,173)$— $21,330 
Derivatives - liabilities$(15,683)$— $(15,683)$15,173 $— $(510)
Schedule of Offsetting of Derivative Assets and Liabilities The information related to the offsetting arrangements for the periods indicated was as follows:
As of June 30, 2025Gross Amounts of Derivatives Not Offset in the Consolidated Balance Sheets
(In thousands)
Gross Amounts of Derivatives
Gross Amounts of Derivatives Offset in the Consolidated Balance Sheets
Net Amount of Derivatives Presented in the Consolidated Balance Sheets
Financial InstrumentsCash Collateral ReceivedNet Amount
Derivatives - assets$59,503 $— $59,503 $(28,615)$— $30,888 
Derivatives - liabilities$(28,615)$— $(28,615)$28,615 $— $— 
As of June 30, 2024Gross Amounts of Derivatives Not Offset in the Consolidated Balance Sheets
(In thousands)
Gross Amounts of Derivatives
Gross Amounts of Derivatives Offset in the Consolidated Balance Sheets
Net Amount of Derivatives Presented in the Consolidated Balance Sheets
Financial InstrumentsCash Collateral ReceivedNet Amount
Derivatives - assets$36,503 $— $36,503 $(15,173)$— $21,330 
Derivatives - liabilities$(15,683)$— $(15,683)$15,173 $— $(510)