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ACCOUNTS PAYABLE AND ACCRUED LIABILITIES
6 Months Ended
Dec. 31, 2023
Accounts Payable and Accrued Liabilities [Abstract]  
ACCOUNTS PAYABLE AND ACCRUED LIABILITIES ACCOUNTS PAYABLE AND ACCRUED LIABILITIES
Accounts payable and accrued liabilities:
 
As of December 31, 2023As of June 30, 2023
Accounts payable—trade$144,219 $162,720 
Accrued salaries, incentives and commissions241,286 333,543 
Accrued liabilities252,478 239,817 
Accrued sales and other tax liabilities27,738 25,439 
Derivative liability (1)
207,427 161,191 
Accrued interest on long-term debt39,524 37,563 
Amounts payable in respect of restructuring and other special charges29,525 30,073 
Asset retirement obligations6,724 5,915 
Total (2)
$948,921 $996,261 
______________________
(1)Represents the liability related to our derivative instrument activity (see Note 17 “Derivative Instruments and Hedging Activities”).
(2)Excludes $24.8 million of Accounts payable and accrued liabilities that have been reclassified to Liabilities held for sale related to the proposed divestiture of our AMC business. See Note 19 “Acquisitions and Divestitures.”
Long-term accrued liabilities: 
As of December 31, 2023As of June 30, 2023
Amounts payable in respect of restructuring and other special charges$10,926 $8,875 
Other accrued liabilities18,019 17,749 
Asset retirement obligations23,687 25,337 
Total (1)
$52,632 $51,961 
______________________
(1)Excludes $0.1 million of Long-term accrued liabilities that have been reclassified to Liabilities held for sale related to the proposed divestiture of our AMC business. See Note 19 “Acquisitions and Divestitures.”

Asset retirement obligations
We are required to return certain of our leased facilities to their original state at the conclusion of our lease. As of December 31, 2023, the present value of this obligation was $30.4 million (June 30, 2023—$31.3 million), with an undiscounted value of $33.9 million (June 30, 2023—$35.0 million).