FINANCIAL STATEMENT COMPONENTS

3 Months Ended

Sep. 30, 2025

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Condensed Consolidated Balance Sheets


	As of		As of
(In thousands)	September 30, 2025		June 30, 2025
Accounts receivable, net:
Accounts receivable, gross	$	2,312,123	$	2,297,930
Allowance for credit losses	(34,368)		(34,015)
	$	2,277,755	$	2,263,915
Inventories:
Customer service parts	$	607,998	$	600,769
Raw materials	1,536,773		1,491,786
Work-in-process	859,779		833,933
Finished goods	292,818		285,661
	$	3,297,368	$	3,212,149
Other current assets:
Deferred costs of revenues	$	200,662	$	223,829
Prepaid expenses	128,877		201,053
Contract assets	123,656		105,081
Prepaid income and other taxes	63,183		64,704
Other current assets	126,068		133,435
	$	642,446	$	728,102
Land, property and equipment, net:
Land	$	86,668	$	86,677
Buildings and leasehold improvements	1,178,702		1,132,176
Machinery and equipment	1,294,732		1,238,599
Office furniture and fixtures	75,245		73,993
Construction-in-process	204,448		207,807
	2,839,795		2,739,252
Less: accumulated depreciation	(1,537,966)		(1,486,477)
	$	1,301,829	$	1,252,775
Other non-current assets:
Executive Deferred Savings Plan(1)	$	365,185	$	349,530
Operating lease right of use assets	269,583		269,714
Other non-current assets	160,618		154,370
	$	795,386	$	773,614
Other current liabilities:
Customer deposits	$	510,583	$	636,369
Compensation and benefits	508,343		418,515
Executive Deferred Savings Plan(1)	367,233		350,426
Income taxes payable	199,970		167,262
Interest payable	48,253		110,056
Operating lease liabilities	46,763		45,192
Other liabilities and accrued expenses	515,430		534,621
	$	2,196,575	$	2,262,441
Other non-current liabilities:
Income taxes payable	$	259,642	$	221,808
Operating lease liabilities	156,163		158,833
Pension liabilities	50,620		51,750
Customer deposits	8,209		6,823
Other non-current liabilities	171,454		170,418
	$	646,088	$	609,632

________________

(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 associated with changes in the EDSP liability included in selling, general and administrative (“SG&A”) was $18.2 million and $18.0 million in the three months ended September 30, 2025 and 2024, respectively. The amount of net gains associated with changes in the EDSP assets included in SG&A expense was $18.2 million and $17.9 million in the three months ended September 30, 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, 2025.

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 September 30, 2025	$	(53,353)	$	7,636	$	58,354	$	(11,966)	$	671

Balance as of June 30, 2025	$	(57,277)	$	5,792	$	64,798	$	(12,112)	$	1,201

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
	Location in the Condensed Consolidated Statement of Operations	September 30,
		2025		2024
Unrealized gains on cash flow hedges from foreign exchange and interest rate contracts	Revenues	$	210	$	2,535
	Costs of revenues and operating expenses	11,244		26
	Interest expense	758		947

	Net gains reclassified from AOCI	$	12,212	$	3,508
Unrealized gains (losses) on available-for-sale securities	Other expense (income), net	$	97	$	(1)