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INCOME TAXES (Tables)

12 Months Ended

Jun. 30, 2024

Income Tax Disclosure [Abstract]

Schedule of Effective Income Tax Rate Reconciliation

A reconciliation of the combined Canadian federal and provincial income tax rate with our effective income tax rate is as follows:

			Year Ended June 30,
			2024						2023						2022
Expected statutory rate			26.50		%				26.50		%				26.50		%
Expected provision for income taxes			$	193,263					$	58,653					$	136,743
Effect of foreign tax rate differences			(18,338)						(17,502)						(4,578)
Change in valuation allowance			71,328						16,218						(2,444)
Effect of permanent differences			11,864						17,281						(12,710)
Effect of changes in unrecognized tax benefits			(4,570)						857						8,130
Effect of withholding taxes			18,680						12,464						6,617
Effect of tax credits			(84,244)						(45,596)						(12,330)
Effect of accrual for undistributed earnings			(12,421)						5,804						(6,343)
Effect of U.S. BEAT			17,927						6,854						—
Impact of internal reorganizations			59,761						8,822						13,077
Other items			10,762						6,912						(7,410)
Provision for income taxes			$	264,012					$	70,767					$	118,752

Schedule of Income before Income Tax, Domestic and Foreign

The following is a geographical breakdown of income before the provision for income taxes:

			Year Ended June 30,
			2024						2023						2022
Domestic income (loss)			359,865						300,437						435,355
Foreign income (loss)			369,431						(79,104)						80,656
Income before income taxes			$	729,296					$	221,333					$	516,011

Schedule of Components of Income Tax Expense (Benefit)

The provision for (recovery of) income taxes consisted of the following:

			Year Ended June 30,
			2024						2023						2022
Current income taxes (recoveries):
Domestic			76,571						15,619						17,428
Foreign			329,712						204,708						137,412
Total current income taxes (recoveries)			406,283						220,327						154,840
Deferred income taxes (recoveries):
Domestic			17,205						17,461						54,867
Foreign			(159,476)						(167,021)						(90,955)
Total deferred income taxes (recoveries)			(142,271)						(149,560)						(36,088)
Provision for income taxes			$	264,012					$	70,767					$	118,752

Schedule of Deferred Tax Assets and Liabilities

The primary components of the deferred tax assets and liabilities are as follows, for the periods indicated below:

			As of June 30,
			2024						2023
Deferred tax assets
Non-capital loss carryforwards			$	750,895					$	754,852
Capital loss carryforwards			13,221						13,512
Interest expense carryforwards			217,071						156,832
Capitalized scientific research and development expenses			416,126						343,308
Restructuring costs and other reserves			21,347						34,357
Capitalized inventory and intangible expenses			—						52,345
Tax credits			172,409						171,536
Lease liabilities			36,343						48,378
Deferred revenue			23,362						90,312
Share-based compensation			40,188						37,692
Derivatives			41,978						42,716
Other			88,901						50,272
Total deferred tax asset			$	1,821,841					$	1,796,112
Valuation allowance			(662,694)						(605,926)
Deferred tax liabilities
Depreciation and amortization			(233,219)						(546,024)
Right of use assets			(21,173)						(31,933)
Other			(120,730)						(109,465)
Deferred tax liabilities			$	(375,122)					$	(687,422)
Net deferred tax asset			$	784,025					$	502,764
Comprised of:
Long-term assets			932,657						926,719
Long-term liabilities			(148,632)						(423,955)
Net deferred tax asset			$	784,025					$	502,764

Schedule of Unrecognized Tax Benefits Roll Forward

The aggregate changes in the balance of our gross unrecognized tax benefits (including interest and penalties) were as follows:

Unrecognized tax benefits as of June 30, 2022			$	54,126
Increases on account of current year positions			8,118
Increases on account of prior year positions (1)			138,062
Decreases on account of prior year positions			(2,086)
Decreases due to settlements with tax authorities			(4,485)
Decreases due to lapses of statutes of limitations			(15,007)
Unrecognized tax benefits as of June 30, 2023			$	178,728
Increases on account of current year positions			4,074
Increases on account of prior year positions			16,558
Decreases on account of prior year positions			(3,338)
Decreases due to settlements with tax authorities			(11,497)
Decreases due to lapses of statutes of limitations			(4,160)
Unrecognized tax benefits as of June 30, 2024			$	180,365

______________________

(1)The increase in unrecognized tax benefits is primarily driven by the assumption of unrecognized tax benefits related to the Micro Focus Acquisition.

Schedule of Interest and Penalties Related to Liabilities for Income Tax Expense

For the year ended June 30, 2024, 2023 and 2022, respectively, we recognized the following amounts as income tax-related interest expense and penalties:

			Year Ended June 30,
			2024						2023						2022
Interest expense (income)			$	7,778					$	(1,922)					$	419
Penalties expense			964						(21)						1,739
Total			$	8,742					$	(1,943)					$	2,158

Schedule of Interest Accrued and Penalties Accrued Related to Income Tax Expense

The following amounts have been accrued on account of income tax-related interest expense and penalties:

			As of June 30, 2024						As of June 30, 2023
Interest expense accrued (1)			$	19,976					$	10,187
Penalties accrued (1)			$	4,295					$	3,332

______________________

(1)These balances are primarily included within Long-term income taxes payable within the Consolidated Balance Sheets.

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