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Revenue from Contracts with Customers
 6 Months Ended
Dec. 31, 2023
Revenue from Contract with Customer [Abstract]  
Revenue from Contracts with Customers Revenue from Contracts with Customers
We believe that disaggregating revenue by end market provides the most relevant information regarding the nature, amount, timing, and uncertainty of revenues and cash flows.
The following tables summarize disaggregated revenue by market ($000):
Three Months Ended December 31, 2023Six Months Ended December 31, 2023
NetworkingMaterialsLasersTotalNetworkingMaterialsLasersTotal
Industrial$14,746 $137,128 $271,494 $423,368 $30,711 $270,331 $526,660 $827,702 
Communications499,350 20,984 — 520,334 945,624 34,236 — 979,860 
Electronics1,453 87,279 — 88,732 3,177 175,344 — 178,521 
Instrumentation8,686 8,287 82,027 99,000 17,572 18,407 162,455 198,434 
Total Revenues$524,235 $253,678 $353,521 $1,131,434 $997,084 $498,318 $689,115 $2,184,517 
Three Months Ended December 31, 2022Six Months Ended December 31, 2022
NetworkingMaterialsLasersTotalNetworkingMaterialsLasersTotal
Industrial$15,926 $149,454 $284,851 $450,231 $34,619 $293,537 $583,092 $911,248 
Communications579,393 20,662 — 600,055 1,142,914 42,539 — 1,185,453 
Electronics3,003 196,952 — 199,955 6,825 373,574 — 380,399 
Instrumentation10,358 15,328 94,358 120,044 20,870 28,390 188,495 237,755 
Total Revenues$608,680 $382,396 $379,209 $1,370,285 $1,205,228 $738,040 $771,587 $2,714,855 
Contract Liabilities
Payments received from customers are based on invoices or billing schedules as established in contracts with customers. Contract liabilities relate to billings in advance of performance under the contract. Contract liabilities are recognized as revenue when the performance obligations have been satisfied. During the six months ended December 31, 2023, we recognized revenue of $48 million related to customer payments that were included as contract liabilities in the Condensed Consolidated Balance Sheet as of June 30, 2023. We had $119 million of contract liabilities recorded in the Condensed Consolidated Balance Sheet as of December 31, 2023. As of December 31, 2023, $78 million of deferred revenue is included within other accrued liabilities, and $41 million is included within other liabilities on the Condensed Consolidated Balance Sheet.