Quarterly report [Sections 13 or 15(d)]

FAIR VALUE MEASUREMENTS (Tables)

v3.25.3
FAIR VALUE MEASUREMENTS (Tables)
3 Months Ended
Sep. 30, 2025
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 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.