FAIR VALUE MEASUREMENTS (Tables)

12 Months Ended

Jun. 30, 2023

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, 2023 (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	$	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:
EDSP	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.

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.