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INCOME TAXES (Tables)

12 Months Ended

Jun. 30, 2025

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,
			2025						2024						2023
Expected statutory rate			26.50		%				26.50		%				26.50		%
Expected provision for income taxes			$	127,749					$	193,263					$	58,653
Effect of foreign tax rate differences			(9,275)						(18,338)						(17,502)
Change in valuation allowance (1)			(4,040)						71,328						16,218
Effect of permanent differences			24,908						11,864						17,281
Effect of changes in unrecognized tax benefits (2)			(32,387)						(4,570)						857
Effect of withholding taxes			7,479						18,680						12,464
Effect of tax credits (3)			(55,656)						(84,244)						(45,596)
Effect of accrual for undistributed earnings			4,072						(12,421)						5,804
Effect of U.S. BEAT (3)			—						17,927						6,854
Difference in tax filing positions from provision (4)			(37,053)						(2,661)						(621)
Impact of internal reorganizations (5)			5,037						59,761						8,822
Other items			15,171						13,423						7,533
Provision for income taxes			$	46,005					$	264,012					$	70,767

______________________

(1)The decrease in valuation allowance in Fiscal 2025 relates to the recognition of assets previously not recognized as compared to the increase in valuation allowance in Fiscal 2024 due to assets no longer meeting the recognition criteria as a result of the AMC Divestiture.

(2)Fiscal 2025 benefit primarily relates to statute of limitation expirations as compared to Fiscal 2024.

(3)The change in foreign tax credits and U.S. BEAT in Fiscal 2025, compared to Fiscal 2024, is primarily driven by the AMC Divestiture.

(4)The benefit in the current year is related to book to tax filing adjustments for Fiscal 2024 and prior years.

(5)The impact of internal reorganizations in Fiscal 2025 is primarily related to legal entity rationalization activity, as compared to Fiscal 2024 in which significant gains from the AMC Divestiture were recognized.

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,
			2025						2024						2023
Domestic income (loss)			$	248,942					$	359,865					$	300,437
Foreign income (loss)			233,129						369,431						(79,104)
Income before income taxes			$	482,071					$	729,296					$	221,333

Schedule of Components of Income Tax Expense (Benefit)

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

			Year Ended June 30,
			2025						2024						2023
Current income taxes (recoveries):
Domestic			$	13,769					$	76,571					$	15,619
Foreign			170,852						329,712						204,708
Total current income taxes (recoveries)			184,621						406,283						220,327
Deferred income taxes (recoveries):
Domestic			44,974						17,205						17,461
Foreign			(183,590)						(159,476)						(167,021)
Total deferred income taxes (recoveries)			(138,616)						(142,271)						(149,560)
Provision for income taxes			$	46,005					$	264,012					$	70,767

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,
			2025						2024
Deferred tax assets
Non-capital loss carryforwards			$	676,446					$	750,895
Capital loss carryforwards			5,833						13,221
Interest expense carryforwards			230,658						217,071
Capitalized scientific research and development expenses			451,163						416,126
Restructuring costs and other reserves			18,678						21,347
Capitalized inventory and intangible expenses			123,010						—
Tax credits			179,343						172,409
Lease liabilities			36,975						36,343
Deferred revenue			22,759						23,362
Share-based compensation			40,464						40,188
Derivatives			73,074						41,978
Other			62,799						88,901
Total deferred tax asset			1,921,202						1,821,841
Valuation allowance			(651,779)						(662,694)
Deferred tax liabilities
Depreciation and amortization			(247,606)						(233,219)
Right of use assets			(22,754)						(21,173)
Other			(60,002)						(120,730)
Deferred tax liabilities			(330,362)						(375,122)
Net deferred tax asset			$	939,061					$	784,025
Comprised of:
Long-term assets			1,080,575						932,657
Long-term liabilities			(141,514)						(148,632)
Net deferred tax asset			$	939,061					$	784,025

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, 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
Increases on account of current year positions			—
Increases on account of prior year positions			8,024
Decreases on account of prior year positions			(2,612)
Decreases due to settlements with tax authorities			(9,569)
Decreases due to lapses of statutes of limitations			(36,417)
Unrecognized tax benefits as of June 30, 2025			$	139,791

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

For the year ended June 30, 2025, 2024 and 2023, respectively, we recognized the following amounts on uncertain tax positions as income tax-related interest expense and penalties:

			Year Ended June 30,
			2025						2024						2023
Interest expense (income)			$	(5,290)					$	7,778					$	(1,922)
Penalties expense			(2,175)						964						(21)
Total			$	(7,465)					$	8,742					$	(1,943)

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, 2025						As of June 30, 2024
Interest expense accrued (1)			$	14,686					$	19,976
Penalties accrued (1)			$	2,121					$	4,295

______________________

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

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