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OTHER INCOME (EXPENSE), NET
 9 Months Ended
Mar. 31, 2024
Other Income and Expenses [Abstract]  
OTHER INCOME (EXPENSE), NET OTHER INCOME (EXPENSE), NET
Three Months Ended March 31,Nine Months Ended March 31,
2024202320242023
Foreign exchange gains (losses) (1)
$3,806 $55,558 $(4,384)$54,257 
Unrealized gains (losses) on derivatives
not designated as hedges (2)
16,671 (102,713)(3,551)(112,567)
Realized gains on derivatives
not designated as hedges (3)
— 137,471 — 137,471 
OpenText share in net loss of equity investees (4)
(835)(4,724)(19,013)(11,547)
Loss on debt extinguishment (5) (6)
(10,803)(21)(10,803)(8,152)
Other miscellaneous income (expense)
1,111 135 (913)362 
Total other income (expense), net
$9,950 $85,706 $(38,664)$59,824 
______________________
(1)The three and nine months ended March 31, 2023 include a foreign exchange gain of $36.6 million resulting from the delayed payment of a portion of the purchase consideration, settled on February 9, 2023, related to the Micro Focus Acquisition (see Note 19 “Acquisitions and Divestitures” for more details).
(2)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).
(3)Represents the realized 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).
(4)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).
(5)On December 1, 2022, we amended the Acquisition Term Loan and Bridge Loan to reallocate commitments under the Bridge Loan to the Acquisition Term Loan and terminated all remaining commitments under the Bridge Loan which resulted in a loss on debt extinguishment related to unamortized debt issuance costs (see Note 11 “Long-Term Debt” for more details).
(6)During the three and nine months ended March 31, 2024, we recognized a loss on debt extinguishment of $10.8 million related to the acceleration and recognition of unamortized debt discount and issuance costs resulting from the optional repayments of the Acquisition Term Loan in Fiscal 2024 (see Note 11 “Long-Term Debt” for more details).