FAIR VALUE MEASUREMENTS (Tables)

6 Months Ended

Dec. 31, 2021

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 December 31, 2021 (In thousands)	Total		(Level 1)		(Level 2)		(Level 3)
Assets
Cash equivalents:
Money market funds and other	$	776,782	$	776,782	$	—	$	—
Marketable securities:
Corporate debt securities	479,974		—		479,974		—
Municipal securities	67,268		—		67,268		—
Sovereign securities	5,031		—		5,031		—
U.S. Government agency securities	121,089		121,089		—		—
U.S. Treasury securities	294,380		288,082		6,298		—
Equity securities(1)	21,033		21,033		—		—
Total cash equivalents and marketable securities(2)	1,765,557		1,206,986		558,571		—
Other current assets:
Derivative assets	14,039		—		14,039		—
Other non-current assets:
Executive Deferred Savings Plan	274,529		208,307		66,222		—
Total financial assets(2)	$	2,054,125	$	1,415,293	$	638,832	$	—
Liabilities
Derivative liabilities	$	(3,817)	$	—	$	(3,817)	$	—
Deferred payments	(4,700)		—		—		(4,700)
Contingent consideration payable	(23,177)		—		—		(23,177)
Total financial liabilities	$	(31,694)	$	—	$	(3,817)	$	(27,877)

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(1) Transfer from Level 2 to Level 1 as the security specific restriction expired during the first quarter of the fiscal year ending June 30, 2022.

(2) Excludes cash of $783.0 million held in operating accounts and time deposits of $261.9 million (of which $97.3 million were cash equivalents) as of December 31, 2021.

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, 2021 (In thousands)	Total		(Level 1)		(Level 2)		(Level 3)
Assets
Cash equivalents:
Money market funds and other	$	691,375	$	691,375	$	—	$	—
Marketable securities:
Corporate debt securities	468,746		—		468,746		—
Municipal securities	70,228		—		70,228		—
Sovereign securities	3,052		—		3,052		—
U.S. Government agency securities	145,921		145,921		—		—
U.S. Treasury securities	233,064		205,055		28,009		—
Equity securities	29,930		—		29,930		—
Total cash equivalents and marketable securities(1)	1,642,316		1,042,351		599,965		—
Other current assets:
Derivative assets	8,252		—		8,252		—
Other non-current assets:
Executive Deferred Savings Plan	266,199		200,925		65,274		—
Total financial assets(1)	$	1,916,767	$	1,243,276	$	673,491	$	—
Liabilities
Derivative liabilities	$	(2,807)	$	—	$	(2,807)	$	—
Deferred payments	(4,550)		—		—		(4,550)
Contingent consideration payable	(8,514)		—		—		(8,514)
Total financial liabilities	$	(15,871)	$	—	$	(2,807)	$	(13,064)

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(1) Excludes cash of $641.6 million held in operating accounts and time deposits of $210.6 million (of which $101.7 million were cash equivalents) as of June 30, 2021.