FAIR VALUE MEASUREMENTS (Tables)

3 Months Ended

Sep. 30, 2023

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, 2023 (In thousands)	Total		(Level 1)		(Level 2)		(Level 3)
Assets
Cash equivalents:
Money market funds and other	$	1,077,456	$	1,077,456	$	—	$	—
U.S. Treasury securities	12,740		—		12,740		—
Marketable securities:
Corporate debt securities	681,245		—		681,245		—
Municipal securities	30,478		—		30,478		—
U.S. Government agency securities	133,687		133,687		—		—
U.S. Treasury securities	595,220		473,725		121,495		—
Equity securities	13,825		13,825		—		—
Total cash equivalents and marketable securities(1)	2,544,651		1,698,693		845,958		—
Other current assets:
Derivative assets	37,808		—		37,808		—
Other non-current assets:
Executive Deferred Savings Plan	248,455		223,621		24,834		—
Total financial assets(1)	$	2,830,914	$	1,922,314	$	908,600	$	—
Liabilities
Derivative liabilities	$	(27,682)	$	—	$	(27,682)	$	—
Contingent consideration payable	(5,528)		—		—		(5,528)
Total financial liabilities	$	(33,210)	$	—	$	(27,682)	$	(5,528)

________________

(1) Excludes cash of $311.9 million held in operating accounts and time deposits of $492.8 million (of which $309.5 million were cash equivalents) as of September 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 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, 2023 (In thousands)	Total		(Level 1)		(Level 2)		(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:
Executive Deferred Savings Plan	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)

________________

(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.