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Revenue from Contracts with Customers
 12 Months Ended
Jun. 30, 2024
Revenue from Contract with Customer [Abstract]  
Revenue from Contracts with Customers Revenue from Contracts with Customers
The following table summarizes disaggregated revenue by market ($000):
Year Ended June 30, 2024
NetworkingMaterialsLasersTotal
Industrial$63,905 $546,003 $1,070,268 $1,680,176 
Communications2,192,286 81,475 — 2,273,761 
Electronics6,655 349,250 — 355,905 
Instrumentation32,883 39,845 325,118 397,846 
Total Revenues$2,295,729 $1,016,573 $1,395,386 $4,707,688 
Year Ended June 30, 2023
NetworkingMaterialsLasersTotal
Industrial$70,076 $603,664 $1,087,881 $1,761,621 
Communications2,219,677 73,703 — 2,293,380 
Electronics11,488 614,151 — 625,639 
Instrumentation39,689 58,240 381,531 479,460 
Total Revenues$2,340,930 $1,349,758 $1,469,412 $5,160,100 
Year Ended June 30, 2022
NetworkingMaterialsLasersTotal
Industrial$84,032 $662,731 $— $746,763 
Communications2,064,424 90,406 — 2,154,830 
Electronics12,218 298,156 — 310,374 
Instrumentation36,575 68,074 — 104,649 
Total Revenues$2,197,249 $1,119,367 $— $3,316,616 
Contract Liabilities
Contract liabilities generally relate to payments received in advance of performance under customer contracts. Payments received from customers are based on invoices or billing schedules as established in contracts with customers. Contract liabilities are recognized as revenue when performance obligations have been satisfied. During the year ended June 30, 2024, we recognized revenue of $100 million related to customer payments that were included in the Consolidated Balance Sheet as of June 30, 2023. As of June 30, 2024 and June 30, 2023, we had $76 million and $148 million, respectively, of contract liabilities recorded in the Consolidated Balance Sheets. As of June 30, 2024, $62 million of deferred revenue is included in other accrued liabilities, and $13 million is included within other liabilities on the Consolidated Balance Sheet. As of June 30, 2023, $104 million of deferred revenue is included other accrued liabilities, and $43 million is included within other liabilities on the Consolidated Balance Sheet.