FINANCIAL STATEMENT COMPONENTS

9 Months Ended

Mar. 31, 2025

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Condensed Consolidated Balance Sheets


	As of		As of
(In thousands)	March 31, 2025		June 30, 2024
Accounts receivable, net:
Accounts receivable, gross	$	2,191,412	$	1,865,823
Allowance for credit losses	(31,515)		(32,782)
	$	2,159,897	$	1,833,041
Inventories:
Customer service parts	$	585,938	$	589,751
Raw materials	1,461,138		1,485,400
Work-in-process	808,562		700,895
Finished goods	300,139		258,735
	$	3,155,777	$	3,034,781
Other current assets:
Deferred costs of revenues	$	206,708	$	279,879
Prepaid expenses	179,226		124,969
Contract assets	98,987		69,259
Prepaid income and other taxes	52,854		102,398
Other current assets	62,948		82,822
	$	600,723	$	659,327
Land, property and equipment, net:
Land	$	86,677	$	78,260
Buildings and leasehold improvements	999,652		919,919
Machinery and equipment	1,191,997		1,116,793
Office furniture and fixtures	68,684		64,480
Construction-in-process	287,290		215,006
	2,634,300		2,394,458
Less: accumulated depreciation	(1,435,998)		(1,284,490)
	$	1,198,302	$	1,109,968
Other non-current assets:
Executive Deferred Savings Plan(1)	$	320,206	$	303,365
Operating lease right of use assets	268,405		231,812
Other non-current assets	149,979		157,546
	$	738,590	$	692,723
Other current liabilities:
Customer deposits	$	529,124	$	645,893
Compensation and benefits	456,482		371,713
Executive Deferred Savings Plan(1)	322,697		303,088
Income taxes payable	200,869		146,740
Interest payable	61,172		128,727
Operating lease liabilities	43,468		36,391
Other liabilities and accrued expenses	489,379		431,017
	$	2,103,191	$	2,063,569
Other non-current liabilities:
Income taxes payable	$	226,545	$	291,106
Operating lease liabilities	162,383		153,117
Pension liabilities	54,284		51,778
Customer deposits	27,851		99,794
Other non-current liabilities	161,411		147,320
	$	632,474	$	743,115

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(1)We have a non-qualified deferred compensation plan (known as the “Executive Deferred Savings Plan” or “EDSP”) under which certain employees and non-employee directors may defer a portion of their compensation. The expense (benefit) associated with changes in the EDSP liability included in selling, general and administrative (“SG&A”) was $(7.9) million and $17.4 million in the three months ended March 31, 2025 and 2024, respectively, and was $13.4 million and $33.9 million during the nine months ended March 31, 2025 and 2024, respectively. The amount of net gains (losses) associated with changes in the EDSP assets included in SG&A expense was $(9.1) million and $17.1 million in the three months ended March 31, 2025 and 2024, respectively, and was $12.3 million and $33.3 million during the nine months ended March 31, 2025 and 2024, respectively. For additional details, refer to Note 1 “Description of Business and Summary of Significant Accounting Policies” to our Consolidated Financial Statements included in our Annual Report on Form 10-K for the fiscal year ended June 30, 2024.

Accumulated Other Comprehensive Income (Loss)

The components of Accumulated Other Comprehensive Income (Loss) (“AOCI”) as of the dates indicated below were as follows:


(In thousands)	Currency Translation Adjustments		Unrealized Gains (Losses) on Available-for-Sale Securities		Unrealized Gains (Losses) on Derivatives		Unrealized Gains (Losses) on Defined Benefit Plans		Total
Balance as of March 31, 2025	$	(75,861)	$	4,638	$	44,042	$	(15,452)	$	(42,633)

Balance as of June 30, 2024	$	(75,846)	$	(3,654)	$	46,243	$	(15,818)	$	(49,075)

The effects on net income of amounts reclassified from AOCI to the Condensed Consolidated Statements of Operations for the indicated periods were as follows (in thousands; amounts in parentheses indicate debits or reductions to earnings):


AOCI Components		Three Months Ended				Nine Months Ended
	Location in the Condensed Consolidated Statement of Operations	March 31,				March 31,
		2025		2024		2025		2024
Unrealized gains (losses) on cash flow hedges from foreign exchange and interest rate contracts	Revenues	$	2,680	$	4,439	$	6,226	$	15,871
	Costs of revenues and operating expenses	(2,146)		2,221		(1,692)		4,976
	Interest expense	758		944		2,526		2,818

	Net gains reclassified from AOCI	$	1,292	$	7,604	$	7,060	$	23,665
Unrealized gains (losses) on available-for-sale securities	Other expense (income), net	$	9	$	54	$	9	$	(19)