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Revenue from Contracts with Customers
 3 Months Ended
Sep. 30, 2024
Revenue from Contract with Customer [Abstract]  
Revenue from Contracts with Customers Revenue from Contracts with Customers
We believe that disaggregating revenue by end market provides the most relevant information regarding the nature, amount, timing, and uncertainty of revenues and cash flows.
The following tables summarize disaggregated revenue by market ($000):
Three Months Ended September 30, 2024
NetworkingMaterialsLasersTotal
Industrial$14,380 $119,646 $272,914 $406,940 
Communications739,156 35,135 — 774,291 
Electronics2,171 74,057 — 76,228 
Instrumentation7,165 8,589 74,922 90,676 
Total Revenues$762,872 $237,427 $347,836 $1,348,135 
Three Months Ended September 30, 2023
NetworkingMaterialsLasersTotal
Industrial$15,965 $133,203 $255,166 $404,334 
Communications446,274 13,252 — 459,526 
Electronics1,724 88,065 — 89,789 
Instrumentation8,886 10,120 80,428 99,434 
Total Revenues$472,849 $244,640 $335,594 $1,053,083 
Contract Liabilities
Payments received from customers are based on invoices or billing schedules as established in contracts with customers. Contract liabilities generally relate to payments received in advance of performance under the contract. Contract liabilities are recognized as revenue when the performance obligations have been satisfied. During the three months ended September 30, 2024, we recognized revenue of $27 million related to customer payments that were included as contract liabilities in the Condensed Consolidated Balance Sheet as of June 30, 2024. We had $69 million of contract liabilities recorded in the Condensed Consolidated Balance Sheet as of September 30, 2024. As of September 30, 2024, $56 million of contract liabilities is included within Other accrued liabilities, and $13 million is included within Other liabilities on the Condensed Consolidated Balance Sheet.