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INCOME TAXES (Tables) | 12 Months Ended
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Jun. 30, 2026
Income Tax Disclosure [Abstract] |
Schedule of Effective Income Tax Rate Reconciliation | A reconciliation of Canadian federal income tax rate with our effective income tax rate is as follows:
| Year Ended June 30, 2026
| Amount |  | %
Expected income tax expense at Canadian Federal statutory income tax rate (1) |  |  |
Canadian Federal tax | $ | 128,832 |  |  | 15.0 | %
Canadian Provincial tax (2) | 33,530 |  |  | 3.9 | %
Foreign tax effects |  |  |
United States |  |  |
Effect of foreign tax rate differences | 7,794 |  |  | 0.9 | %
Net controlled foreign corporation tested income (NCTI) | 14,913 |  |  | 1.7 | %
Foreign-derived deduction-eligible income (FDDEI) | (8,670) |  |  | (1.0) | %
Effect of foreign tax credits | (27,687) |  |  | (3.2) | %
Includable foreign income | 16,004 |  |  | 1.9 | %
Impact of reorganizations | 12,790 |  |  | 1.5 | %
Other items | 11,552 |  |  | 1.3 | %
United Kingdom |  |  |
Effect of foreign tax rate differences | 6,356 |  |  | 0.7 | %
Includable foreign deductions | (19,534) |  |  | (2.3) | %
Difference in tax filing positions from provision | 6,450 |  |  | 0.8 | %
Impact of reorganizations | 9,170 |  |  | 1.1 | %
Change in valuation allowance | 6,769 |  |  | 0.8 | %
Other items | 271 |  |  | — | %
Other foreign jurisdictions | 56,630 |  |  | 6.6 | %
Effect of changes in unrecognized tax benefits | (16,126) |  |  | (1.9) | %
Other items | (23,430) |  |  | (2.7) | %
Provision for income taxes | $ | 215,614 |  |  | 25.1 | %
______________________ (1)This represents the Canadian federal statutory income tax rate, which is 15% after a 13% general tax reduction and 10% federal abatement are applied to the 38% basic rate. (2)Provincial taxes are primarily Ontario. A reconciliation of the combined Canadian federal and provincial income tax rate with our effective income tax rate for the years ended June 30, 2025 and 2024 were as follows:
| Year Ended June 30,
| 2025 |  | 2024
Expected statutory rate | 26.50 | % |  | 26.50 | %
Expected provision for income taxes | $ | 127,749 |  |  | $ | 193,263 |
Effect of foreign tax rate differences | (9,275) |  |  | (18,338) |
Change in valuation allowance | (4,040) |  |  | 71,328 |
Effect of permanent differences | 24,908 |  |  | 11,864 |
Effect of changes in unrecognized tax benefits | (32,387) |  |  | (4,570) |
Effect of withholding taxes | 7,479 |  |  | 18,680 |
Effect of tax credits | (55,656) |  |  | (84,244) |
Effect of accrual for undistributed earnings | 4,072 |  |  | (12,421) |
Effect of U.S. BEAT | — |  |  | 17,927 |
Difference in tax filing positions from provision | (37,053) |  |  | (2,661) |
Impact of internal reorganizations | 5,037 |  |  | 59,761 |
Other items | 15,171 |  |  | 13,423 |
Provision for income taxes | $ | 46,005 |  |  | $ | 264,012 |
Schedule of Supplemental Disclosure of Cash Flow Information | The Company adopted ASU 2023-09 on a prospective basis for the year ended June 30, 2026 and has included the following table as a result of adoption, which presents income taxes paid (net of refunds received) disaggregated by individual jurisdiction in which income taxes paid (net of refunds received) was greater than or equal to 5% of total income taxes paid (net of refunds received). For the years ended June 30, 2025 and 2024, see Note 22 “Supplemental Cash Flow Disclosures” for cash paid for income taxes.
| Year Ended June 30,
| 2026
Federal | $ | 35,485 |
Provincial | 17,996 |
Foreign |
United States | 134,297 |
United Kingdom | 15,519 |
Germany | 22,363 |
India | 16,251 |
Other foreign jurisdictions | 58,151 |
Total cash paid for income taxes, net | $ | 300,062 |
| Year Ended June 30,
| 2026 |  | 2025 |  | 2024
Cash paid during the period for interest | $ | 321,694 |  |  | $ | 352,383 |  |  | $ | 533,866 |
Cash received during the period for interest | 41,976 |  |  | 48,324 |  |  | 45,465 |
Cash paid during the period for income taxes | 300,062 |  |  | 411,570 |  |  | 294,769 |
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,
| 2026 |  | 2025 |  | 2024
Domestic income (loss) | $ | 361,295 |  |  | $ | 248,942 |  |  | $ | 359,865 |
Foreign income (loss) | 497,582 |  |  | 233,129 |  |  | 369,431 |
Income before income taxes | $ | 858,877 |  |  | $ | 482,071 |  |  | $ | 729,296 |
Schedule of Components of Income Tax Expense (Benefit) | The provision for (recovery of) income taxes consisted of the following:
| Year Ended June 30,
| 2026
Current income taxes (recoveries): |
Federal | $ | 30,508 |
Provincial | 6,089 |
Foreign | 205,219 |
Total current income taxes (recoveries) | 241,816 |
Deferred income taxes (recoveries): |
Federal | 2,229 |
Provincial | 27,441 |
Foreign | (55,872) |
Total deferred income taxes (recoveries) | (26,202) |
Provision for income taxes | $ | 215,614 |
The provision for (recovery of) income taxes for the years ended June 2025 and June 2024 consisted of the following:
| Year Ended June 30,
| 2025 |  | 2024
Current income taxes (recoveries): |  |  |
Domestic | $ | 13,769 |  |  | $ | 76,571 |
Foreign | 170,852 |  |  | 329,712 |
Total current income taxes (recoveries) | 184,621 |  |  | 406,283 |
Deferred income taxes (recoveries): |  |  |
Domestic | 44,974 |  |  | 17,205 |
Foreign | (183,590) |  |  | (159,476) |
Total deferred income taxes (recoveries) | (138,616) |  |  | (142,271) |
Provision for income taxes | $ | 46,005 |  |  | $ | 264,012 |
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,
| 2026 |  | 2025
Deferred tax assets |  |  |
Non-capital loss carryforwards | $ | 644,940 |  |  | $ | 676,446 |
Capital loss carryforwards | 2,756 |  |  | 5,833 |
Interest expense carryforwards | 141,873 |  |  | 230,658 |
Capitalized scientific research and development expenses | 493,177 |  |  | 451,163 |
Restructuring costs and other reserves | 16,741 |  |  | 18,678 |
Capitalized inventory and intangible expenses | 151,081 |  |  | 123,010 |
Tax credits | 159,914 |  |  | 179,343 |
Lease liabilities | 26,568 |  |  | 36,975 |
Deferred revenue | 54,224 |  |  | 22,759 |
Share-based compensation | 31,717 |  |  | 40,464 |
Derivatives | 57,099 |  |  | 73,074 |
Other | 66,832 |  |  | 62,799 |
Total deferred tax asset | 1,846,922 |  |  | 1,921,202 |
Valuation allowance | (620,736) |  |  | (651,779) |
Deferred tax liabilities |  |  |
Depreciation and amortization | (190,713) |  |  | (247,606) |
Right of use assets | (13,329) |  |  | (22,754) |
Other | (84,755) |  |  | (60,002) |
Deferred tax liabilities | (288,797) |  |  | (330,362) |
Net deferred tax asset | $ | 937,389 |  |  | $ | 939,061 |
Comprised of: |  |  |
Long-term assets | 1,077,003 |  |  | 1,080,575 |
Long-term liabilities | (139,614) |  |  | (141,514) |
Net deferred tax asset | $ | 937,389 |  |  | $ | 939,061 |
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, 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 |
Increases on account of current year positions | 2,607 |
Increases on account of prior year positions | 5,609 |
Decreases on account of prior year positions | (3,609) |
Decreases due to settlements with tax authorities | (3,502) |
Decreases due to lapses of statutes of limitations | (19,560) |
Unrecognized tax benefits as of June 30, 2026 | $ | 121,336 |
Schedule of Interest and Penalties Related to Liabilities for Income Tax Expense | For the years ended June 30, 2026, 2025 and 2024, respectively, we recognized the following amounts as income tax-related interest expense and penalties:
| Year Ended June 30,
| 2026 |  | 2025 |  | 2024
Interest expense (income) | $ | (4,105) |  |  | $ | (5,290) |  |  | $ | 7,778 |
Penalties expense | (704) |  |  | (2,175) |  |  | 964 |
Total | $ | (4,809) |  |  | $ | (7,465) |  |  | $ | 8,742 |
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, 2026 |  | As of June 30, 2025
Interest expense accrued (1) | $ | 10,581 |  |  | $ | 14,686 |
Penalties accrued (1) | $ | 1,471 |  |  | $ | 2,121 |
______________________ (1)These balances are primarily included within Long-term income taxes payable within the Consolidated Balance Sheets.

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