FAIR VALUE MEASUREMENTS (Tables)

3 Months Ended

Sep. 30, 2025

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 dates indicated below, were presented on our Condensed Consolidated Balance Sheets as follows:


			Quoted Prices in Active Markets for Identical Assets		Significant Other Observable Inputs
As of September 30, 2025 (In thousands)	Total		(Level 1)		(Level 2)
Assets
Cash equivalents:
Corporate debt securities	$	3,530	$	—	$	3,530
Money market funds and other	1,334,414		1,334,414		—



Municipal securities	12,511		—		12,511


Marketable securities:
Corporate debt securities	1,015,394		—		1,015,394
Municipal securities	42,721		—		42,721

U.S. Government agency securities	105,253		105,253		—
U.S. Treasury securities	1,039,676		981,701		57,975

Equity securities	24,538		24,538		—

Total cash equivalents and marketable securities(1)	3,578,037		2,445,906		1,132,131
Other current assets:
Derivative assets	44,776		—		44,776
Other non-current assets:
Executive Deferred Savings Plan	365,185		353,172		12,013
Total financial assets(1)	$	3,987,998	$	2,799,078	$	1,188,920
Liabilities
Derivative liabilities	$	(15,744)	$	—	$	(15,744)




Total financial liabilities	$	(15,744)	$	—	$	(15,744)

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(1) Excludes cash of $511.9 million held in operating accounts and time deposits of $593.6 million (of which $83.8 million were cash equivalents) as of September 30, 2025.


			Quoted Prices in Active Markets for Identical Assets		Significant Other Observable Inputs
As of June 30, 2025 (In thousands)	Total		(Level 1)		(Level 2)
Assets
Cash equivalents:
Municipal securities	$	6,120	$	—	$	6,120
Corporate debt securities	1,498		—		1,498
Money market funds and other	1,531,022		1,531,022		—
U.S. Government agency securities	9,955		—		9,955
U.S. Treasury securities	9,981		—		9,981


Marketable securities:
Corporate debt securities	960,148		—		960,148
Municipal securities	51,453		—		51,453

U.S. Government agency securities	106,881		106,881		—
U.S. Treasury securities	877,578		802,682		74,896

Equity securities	23,962		23,962		—

Total cash equivalents and marketable securities(1)	3,578,598		2,464,547		1,114,051
Other current assets:
Derivative assets	59,503		—		59,503
Other non-current assets:
Executive Deferred Savings Plan	349,530		336,090		13,440
Total financial assets(1)	$	3,987,631	$	2,800,637	$	1,186,994
Liabilities
Derivative liabilities	$	(28,615)	$	—	$	(28,615)



Total financial liabilities	$	(28,615)	$	—	$	(28,615)

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(1) Excludes cash of $437.8 million held in operating accounts and time deposits of $478.2 million (of which $82.5 million were cash equivalents) as of June 30, 2025.