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FINANCIAL STATEMENT COMPONENTS (Tables) | 6 Months Ended
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Dec. 31, 2024
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, 2024 |  | June 30, 2024
Accounts receivable, net: |  |  |
Accounts receivable, gross | $ | 2,365,480 |  |  | $ | 1,865,823 |
Allowance for credit losses | (30,503) |  |  | (32,782) |
| $ | 2,334,977 |  |  | $ | 1,833,041 |
Inventories: |  |  |
Customer service parts | $ | 585,981 |  |  | $ | 589,751 |
Raw materials | 1,409,128 |  |  | 1,485,400 |
Work-in-process | 768,134 |  |  | 700,895 |
Finished goods | 283,097 |  |  | 258,735 |
| $ | 3,046,340 |  |  | $ | 3,034,781 |
Other current assets: |  |  |
Deferred costs of revenues | $ | 250,035 |  |  | $ | 279,879 |
Prepaid expenses | 143,956 |  |  | 124,969 |
Contract assets | 82,292 |  |  | 69,259 |
Prepaid income and other taxes | 69,755 |  |  | 102,398 |
Other current assets | 64,844 |  |  | 82,822 |
| $ | 610,882 |  |  | $ | 659,327 |
Land, property and equipment, net: |  |  |
Land | $ | 86,670 |  |  | $ | 78,260 |
Buildings and leasehold improvements | 986,859 |  |  | 919,919 |
Machinery and equipment | 1,164,974 |  |  | 1,116,793 |
Office furniture and fixtures | 67,582 |  |  | 64,480 |
Construction-in-process | 255,852 |  |  | 215,006 |
| 2,561,937 |  |  | 2,394,458 |
Less: accumulated depreciation | (1,388,009) |  |  | (1,284,490) |
| $ | 1,173,928 |  |  | $ | 1,109,968 |
Other non-current assets: |  |  |
Executive Deferred Savings Plan(1) | $ | 320,295 |  |  | $ | 303,365 |
Operating lease right of use assets | 249,036 |  |  | 231,812 |
Other non-current assets | 149,722 |  |  | 157,546 |
| $ | 719,053 |  |  | $ | 692,723 |
Other current liabilities: |  |  |
Compensation and benefits | $ | 547,845 |  |  | $ | 371,713 |
Customer deposits | 486,322 |  |  | 645,893 |
Executive Deferred Savings Plan(1) | 321,464 |  |  | 303,088 |
Income taxes payable | 185,191 |  |  | 146,740 |
Interest payable | 122,783 |  |  | 128,727 |
Operating lease liabilities | 40,578 |  |  | 36,391 |
Other liabilities and accrued expenses | 407,195 |  |  | 431,017 |
| $ | 2,111,378 |  |  | $ | 2,063,569 |
Other non-current liabilities: |  |  |
Income taxes payable | $ | 224,208 |  |  | $ | 291,106 |
Operating lease liabilities | 149,648 |  |  | 153,117 |
Customer deposits | 56,535 |  |  | 99,794 |
Pension liabilities | 53,094 |  |  | 51,778 |
Other non-current liabilities | 155,633 |  |  | 147,320 |
| $ | 639,118 |  |  | $ | 743,115 |
________________ (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”) was $3.3 million and $25.8 million in the three months ended December 31, 2024 and 2023, respectively, and was $21.3 million and $16.5 million during the six months ended December 31, 2024 and 2023, respectively. The amount of net gains associated with changes in the EDSP assets included in SG&A expense was $3.5 million and $25.7 million in the three months ended December 31, 2024 and 2023, respectively, and $21.4 million and $16.2 million during the six months ended December 31, 2024 and 2023, 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, 2024.
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, 2024 | $ | (80,016) |  |  | $ | 2,316 |  |  | $ | 46,557 |  |  | $ | (15,243) |  |  | $ | (46,386) |
Balance as of June 30, 2024 | $ | (75,846) |  |  | $ | (3,654) |  |  | $ | 46,243 |  |  | $ | (15,818) |  |  | $ | (49,075) |
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,
|  | 2024 |  | 2023 |  | 2024 |  | 2023
Unrealized gains on cash flow hedges from foreign exchange and interest rate contracts |  | Revenues |  | $ | 1,011 |  |  | $ | 8,036 |  |  | $ | 3,546 |  |  | $ | 11,432 |
|  | Costs of revenues and operating expenses |  | 428 |  |  | (20) |  |  | 454 |  |  | 2,755 |
|  | Interest expense |  | 821 |  |  | 937 |  |  | 1,768 |  |  | 1,874 |
|  | Net gains reclassified from AOCI |  | $ | 2,260 |  |  | $ | 8,953 |  |  | $ | 5,768 |  |  | $ | 16,061 |
Unrealized gains (losses) on available-for-sale securities |  | Other expense (income), net |  | $ | 1 |  |  | $ | (61) |  |  | $ | — |  |  | $ | (73) |

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