XML 67 R57.htm IDEA: XBRL DOCUMENT v3.23.3
OTHER INCOME (EXPENSE), NET (Tables)
 3 Months Ended
Sep. 30, 2023
Other Income and Expenses [Abstract]  
Schedule of Other Income (Expense), Net
Three Months Ended September 30,
20232022
Foreign exchange gains (losses)$11,434 $(1,361)
Unrealized gains (losses) on derivatives not designated as hedges (1)
17,895 (181,461)
OpenText share in net income (loss) of equity investees (2)
(9,696)(6,534)
Other miscellaneous income (expense)537 125 
Total other income (expense), net$20,170 $(189,231)
______________________
(1)Represents the unrealized gains (losses) on our derivatives not designated as hedges related to the Micro Focus Acquisition (see Note 17 “Derivative Instruments and Hedging Activities” for more details).
(2)Represents our share in net income (losses) of equity investees, which approximates fair value and subject to volatility based on market trends and business conditions, based on our interest in certain investment funds in which we are a limited partner. Our interests in each of these investees range from 4% to below 20% and these investments are accounted for using the equity method (see Note 9 “Prepaid Expenses and Other Assets” for more details).