FAIR VALUE MEASUREMENTS (Tables)

12 Months Ended

Jun. 30, 2022

Fair Value Disclosures [Abstract]

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, 2022 (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	$	922	$	—	$	922	$	—
Money market funds and other	948,027		948,027		—		—
U.S. Treasury securities	22,485		—		22,485		—
Marketable securities:
Corporate debt securities	472,047		—		472,047		—
Municipal securities	60,724		—		60,724		—
Sovereign securities	5,990		—		5,990		—
U.S. Government agency securities	91,116		91,116		—		—
U.S. Treasury securities	348,026		344,559		3,467		—
Equity securities(1)	11,035		11,035		—		—
Total cash equivalents and marketable securities(2)	1,960,372		1,394,737		565,635		—
Other current assets:
Derivative assets	40,311		—		40,311		—
Other non-current assets:
EDSP	224,188		176,928		47,260		—
Total financial assets(2)	$	2,224,871	$	1,571,665	$	653,206	$	—
Liabilities
Derivative liabilities	$	(34,315)	$	—	$	(34,315)	$	—
Deferred payments	(2,350)		—		—		(2,350)
Contingent consideration payable	(23,674)		—		—		(23,674)
Total financial liabilities	$	(60,339)	$	—	$	(34,315)	$	(26,024)

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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 $472.8 million held in operating accounts and time deposits of $274.9 million (of which $140.7 million were cash equivalents) as of June 30, 2022.

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, 2021 (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:
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:
EDSP	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.