Quarterly report pursuant to Section 13 or 15(d)

FAIR VALUE MEASUREMENTS (Tables)

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FAIR VALUE MEASUREMENTS (Tables)
9 Months Ended
Mar. 31, 2024
Fair Value Disclosures [Abstract]  
Schedule of Financial Assets and Liabilities Measured at Fair Value on a Recurring Basis
Financial assets (excluding cash held in operating accounts and time deposits) and liabilities measured at fair value on a recurring basis, as of the dates indicated below, were presented on our Condensed Consolidated Balance Sheets as follows:
Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Little or No Market Activity Inputs
As of March 31, 2024 (In thousands) Total  (Level 1)  (Level 2)  (Level 3)
Assets
Cash equivalents:
Corporate debt securities $ 1,517  $ —  $ 1,517  $ — 
Money market funds and other 1,091,385  1,091,385  —  — 
U.S. Treasury securities 35,606  —  35,606  — 
Marketable securities:
Corporate debt securities 765,619  —  765,619  — 
Municipal securities 40,127  —  40,127  — 
U.S. Government agency securities 93,208  93,208  —  — 
U.S. Treasury securities 725,509  435,647  289,862  — 
Equity securities 29,260  29,260  —  — 
Total cash equivalents and marketable securities(1)
2,782,231  1,649,500  1,132,731  — 
Other current assets:
Derivative assets 35,838  —  35,838  — 
Other non-current assets:
Executive Deferred Savings Plan 297,915  265,969  31,946  — 
Total financial assets(1)
$ 3,115,984  $ 1,915,469  $ 1,200,515  $ — 
Liabilities
Derivative liabilities $ (16,716) $ —  $ (16,716) $ — 
Contingent consideration payable (67) —  —  (67)
Total financial liabilities $ (16,783) $ —  $ (16,716) $ (67)
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(1) Excludes cash of $457.6 million held in operating accounts and time deposits of $1.05 billion (of which $262.1 million were cash equivalents) as of March 31, 2024.
 
Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Little or No Market Activity Inputs
As of June 30, 2023 (In thousands) Total (Level 1) (Level 2) (Level 3)
Assets
Cash equivalents:
Money market funds and other $ 1,257,223  $ 1,257,223  $ —  $ — 
U.S. Government agency securities 3,788  —  3,788  — 
U.S. Treasury securities 11,500  —  11,500  — 
Marketable securities:
Corporate debt securities 502,650  —  502,650  — 
Municipal securities 31,788  —  31,788  — 
U.S. Government agency securities 129,784  127,715  2,069  — 
U.S. Treasury securities 518,215  425,234  92,981  — 
Equity securities 18,159  18,159  —  — 
Total cash equivalents and marketable securities(1)
2,473,107  1,828,331  644,776  — 
Other current assets:
Derivative assets 35,712  —  35,712  — 
Other non-current assets:
Executive Deferred Savings Plan 256,846  198,639  58,207  — 
Total financial assets(1)
$ 2,765,665  $ 2,026,970  $ 738,695  $ — 
Liabilities
Derivative liabilities $ (12,106) $ —  $ (12,106) $ — 
Contingent consideration payable (6,447) —  —  (6,447)
Total financial liabilities $ (18,553) $ —  $ (12,106) $ (6,447)
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(1) Excludes cash of $298.6 million held in operating accounts and time deposits of $471.4 million (of which $356.7 million were cash equivalents) as of June 30, 2023.