Quarterly report pursuant to Section 13 or 15(d)

FAIR VALUE MEASUREMENTS (Tables)

v3.21.4
FAIR VALUE MEASUREMENTS (Tables)
6 Months Ended
Dec. 31, 2021
Fair Value Disclosures [Abstract]  
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 date indicated below, were presented on our Condensed Consolidated Balance Sheets as follows:
Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Little or No Market Activity Inputs
As of December 31, 2021 (In thousands) Total  (Level 1)  (Level 2)  (Level 3)
Assets
Cash equivalents:
Money market funds and other $ 776,782  $ 776,782  $ —  $ — 
Marketable securities:
Corporate debt securities 479,974  —  479,974  — 
Municipal securities 67,268  —  67,268  — 
Sovereign securities 5,031  —  5,031  — 
U.S. Government agency securities 121,089  121,089  —  — 
U.S. Treasury securities 294,380  288,082  6,298  — 
Equity securities(1)
21,033  21,033  —  — 
Total cash equivalents and marketable securities(2)
1,765,557  1,206,986  558,571  — 
Other current assets:
Derivative assets 14,039  —  14,039  — 
Other non-current assets:
Executive Deferred Savings Plan 274,529  208,307  66,222  — 
Total financial assets(2)
$ 2,054,125  $ 1,415,293  $ 638,832  $ — 
Liabilities
Derivative liabilities $ (3,817) $ —  $ (3,817) $ — 
Deferred payments (4,700) —  —  (4,700)
Contingent consideration payable (23,177) —  —  (23,177)
Total financial liabilities $ (31,694) $ —  $ (3,817) $ (27,877)
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(1) Transfer from Level 2 to Level 1 as the security specific restriction expired during the first quarter of the fiscal year ending June 30, 2022.
(2) Excludes cash of $783.0 million held in operating accounts and time deposits of $261.9 million (of which $97.3 million were cash equivalents) as of December 31, 2021.
Financial assets (excluding cash held in operating accounts and time deposits) and liabilities measured at fair value on a recurring basis, as of the date indicated below, were presented on our Condensed Consolidated Balance Sheets as follows:  
Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Little or No Market Activity Inputs
As of June 30, 2021 (In thousands) Total (Level 1) (Level 2) (Level 3)
Assets
Cash equivalents:
Money market funds and other $ 691,375  $ 691,375  $ —  $ — 
Marketable securities:
Corporate debt securities 468,746  —  468,746  — 
Municipal securities 70,228  —  70,228  — 
Sovereign securities 3,052  —  3,052  — 
U.S. Government agency securities 145,921  145,921  —  — 
U.S. Treasury securities 233,064  205,055  28,009  — 
Equity securities 29,930  —  29,930  — 
Total cash equivalents and marketable securities(1)
1,642,316  1,042,351  599,965  — 
Other current assets:
Derivative assets 8,252  —  8,252  — 
Other non-current assets:
Executive Deferred Savings Plan 266,199  200,925  65,274  — 
Total financial assets(1)
$ 1,916,767  $ 1,243,276  $ 673,491  $ — 
Liabilities
Derivative liabilities $ (2,807) $ —  $ (2,807) $ — 
Deferred payments (4,550) —  —  (4,550)
Contingent consideration payable (8,514) —  —  (8,514)
Total financial liabilities $ (15,871) $ —  $ (2,807) $ (13,064)
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(1) Excludes cash of $641.6 million held in operating accounts and time deposits of $210.6 million (of which $101.7 million were cash equivalents) as of June 30, 2021.