FAIR VALUE MEASUREMENTS (Tables)

12 Months Ended

Jun. 30, 2020

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 Consolidated Balance Sheets as follows:


As of June 30, 2020 (In thousands)	Total		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Little or No Market Activity Inputs (Level 3)
Assets
Cash equivalents:


Corporate debt securities	$	—	$	—	$	—	$	—
Money market funds and other	694,950		694,950		—		—
U.S. Government agency securities	—		—		—		—
U.S. Treasury securities	—		—		—		—


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.


As of June 30, 2019 (In thousands)	Total		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Little or No Market Activity Inputs (Level 3)
Assets
Cash equivalents:

Corporate debt securities	$	10,988	$	—	$	10,988	$	—
Money market funds and other	352,708		352,708		—		—
U.S. Government agency securities	27,994		—		27,994		—
U.S. Treasury securities	55,858		—		55,858		—



Marketable securities:
Corporate debt securities	422,089		—		422,089		—
Municipal securities	1,913		—		1,913		—
Sovereign securities	5,994		—		5,994		—
U.S. Government agency securities	131,224		131,224		—		—
U.S. Treasury securities	151,838		151,838		—		—




Total cash equivalents and marketable securities⁽¹⁾	1,160,606		635,770		524,836		—
Other current assets:
Derivative assets	2,557		—		2,557		—
Other non-current assets:
Executive Deferred Savings Plan	207,581		158,021		49,560		—
Total financial assets⁽¹⁾	$	1,370,744	$	793,791	$	576,953	$	—
Liabilities
Derivative liabilities	$	(3,334)	$	—	$	(3,334)	$	—

Deferred payments	(8,800)		—		—		(8,800)
Contingent consideration payable	(14,005)		—		—		(14,005)
Total financial liabilities	$	(26,139)	$	—	$	(3,334)	$	(22,805)

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(1)Excludes cash of $479.8 million held in operating accounts and time deposits of $99.0 million as of June 30, 2019.