Quarterly report pursuant to Section 13 or 15(d)

FAIR VALUE MEASUREMENTS (Tables)

v3.20.2
FAIR VALUE MEASUREMENTS (Tables)
3 Months Ended
Sep. 30, 2020
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 date 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 September 30, 2020 (In thousands) Total  (Level 1)  (Level 2)  (Level 3)
Assets
Cash equivalents:
Corporate debt securities $ 4,019  $ —  $ 4,019  $ — 
Money market funds and other 682,785  682,785  —  — 
U.S. Treasury securities 8,400  —  8,400  — 
Marketable securities:
Corporate debt securities 400,277  —  400,277  — 
Municipal securities 35,629  —  35,629  — 
U.S. Government agency securities 137,487  137,487  —  — 
U.S. Treasury securities 169,777  131,786  37,991  — 
Total cash equivalents and marketable securities(1)
1,438,374  952,058  486,316  — 
Other current assets:
Derivative assets 3,198  —  3,198  — 
Other non-current assets:
Executive Deferred Savings Plan 223,986  172,226  51,760  — 
Total financial assets(1)
$ 1,665,558  $ 1,124,284  $ 541,274  $ — 
Liabilities
Derivative liabilities $ (2,886) $ —  $ (2,886) $ — 
Deferred payments (6,825) —  —  (6,825)
Contingent consideration payable (12,974) —  —  (12,974)
Total financial liabilities $ (22,685) $ —  $ (2,886) $ (19,799)
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(1) Excludes cash of $471.2 million held in operating accounts and time deposits of $133.8 million as of September 30, 2020.
Financial assets (excluding cash held in operating accounts and time deposits) and liabilities measured at fair value on a recurring basis, as of the date 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 June 30, 2020 (In thousands) Total (Level 1) (Level 2) (Level 3)
Assets
Cash equivalents:
Money market funds and other $ 694,950  $ 694,950  $ —  $ — 
Marketable securities:
Corporate debt securities 381,957  —  381,957  — 
Municipal securities 29,110  —  29,110  — 
Sovereign securities 2,017  —  2,017  — 
U.S. Government agency securities 106,336  106,336  —  — 
U.S. Treasury securities 181,193  151,210  29,983  — 
Total cash equivalents and marketable securities(1)
1,395,563  952,496  443,067  — 
Other current assets:
Derivative assets 2,077  —  2,077  — 
Other non-current assets:
Executive Deferred Savings Plan 213,487  166,000  47,487  — 
Total financial assets(1)
$ 1,611,127  $ 1,118,496  $ 492,631  $ — 
Liabilities
Derivative liabilities $ (1,410) $ —  $ (1,410) $ — 
Deferred payments (6,750) —  —  (6,750)
Contingent consideration payable (15,513) —  —  (15,513)
Total financial liabilities $ (23,673) $ —  $ (1,410) $ (22,263)
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(1) Excludes cash of $460.8 million held in operating accounts and time deposits of $78.7 million as of June 30, 2020.