| 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:
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Quoted Prices in Active Markets for Identical Assets |
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Significant Other Observable Inputs |
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| As of March 31, 2026 (In thousands) |
Total |
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(Level 1) |
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(Level 2) |
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| Assets |
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| Cash equivalents: |
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| Corporate debt securities |
$ |
11,623 |
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$ |
— |
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$ |
11,623 |
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| Money market funds and other |
1,401,575 |
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1,401,575 |
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— |
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| U.S. Treasury securities |
9,949 |
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— |
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9,949 |
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| Sovereign securities |
5,045 |
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— |
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5,045 |
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| Municipal securities |
4,282 |
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— |
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4,282 |
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| Marketable securities: |
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| Corporate debt securities |
1,183,003 |
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— |
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1,183,003 |
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| Municipal securities |
34,415 |
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— |
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34,415 |
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| Sovereign securities |
46,917 |
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— |
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46,917 |
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| U.S. Government agency securities |
98,950 |
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98,950 |
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— |
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| U.S. Treasury securities |
1,389,222 |
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1,286,435 |
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102,787 |
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| Equity securities |
42,799 |
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42,799 |
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— |
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Total cash equivalents and marketable securities(1)
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4,227,780 |
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2,829,759 |
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1,398,021 |
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| Other current assets: |
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| Derivative assets |
44,220 |
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— |
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44,220 |
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| Other non-current assets: |
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| Executive Deferred Savings Plan |
371,868 |
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356,883 |
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14,985 |
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| Long-term accounts receivable, net |
78,210 |
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— |
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78,210 |
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Total financial assets(1)
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$ |
4,722,078 |
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$ |
3,186,642 |
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$ |
1,535,436 |
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| Liabilities |
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| Derivative liabilities |
$ |
(19,394) |
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$ |
— |
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$ |
(19,394) |
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| Total financial liabilities |
$ |
(19,394) |
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$ |
— |
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$ |
(19,394) |
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________________
(1) Excludes cash of $292.0 million held in operating accounts and time deposits of $438.2 million (of which $62.6 million were cash equivalents) as of March 31, 2026.
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Quoted Prices in Active Markets for Identical Assets |
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Significant Other Observable Inputs |
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| As of June 30, 2025 (In thousands) |
Total |
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(Level 1) |
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(Level 2) |
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| Assets |
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| Cash equivalents: |
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| Municipal securities |
$ |
6,120 |
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$ |
— |
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$ |
6,120 |
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| Corporate debt securities |
1,498 |
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— |
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1,498 |
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| Money market funds and other |
1,531,022 |
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1,531,022 |
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— |
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| U.S. Government agency securities |
9,955 |
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— |
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9,955 |
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| U.S. Treasury securities |
9,981 |
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— |
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9,981 |
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| Marketable securities: |
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| Corporate debt securities |
960,148 |
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— |
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960,148 |
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| Municipal securities |
51,453 |
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— |
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51,453 |
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| U.S. Government agency securities |
106,881 |
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106,881 |
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— |
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| U.S. Treasury securities |
877,578 |
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802,682 |
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74,896 |
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| Equity securities |
23,962 |
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23,962 |
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— |
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Total cash equivalents and marketable securities(1)
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3,578,598 |
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2,464,547 |
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1,114,051 |
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| Other current assets: |
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| Derivative assets |
59,503 |
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— |
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59,503 |
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| Other non-current assets: |
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| Executive Deferred Savings Plan |
349,530 |
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336,090 |
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13,440 |
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Total financial assets(1)
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$ |
3,987,631 |
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$ |
2,800,637 |
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$ |
1,186,994 |
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| Liabilities |
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| Derivative liabilities |
$ |
(28,615) |
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$ |
— |
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$ |
(28,615) |
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| Total financial liabilities |
$ |
(28,615) |
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$ |
— |
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$ |
(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.
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