Quarterly report [Sections 13 or 15(d)]

FINANCIAL STATEMENT COMPONENTS (Tables)

v3.26.1
FINANCIAL STATEMENT COMPONENTS (Tables)
 9 Months Ended
Mar. 31, 2026
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Balance Sheet Components
Condensed Consolidated Balance Sheets
As of As of
(In thousands) March 31, 2026 June 30, 2025
Accounts receivable, net:
Accounts receivable, gross $ 2,362,503  $ 2,297,930 
Allowance for credit losses (58,049) (34,015)
$ 2,304,454  $ 2,263,915 
Inventories:
Customer service parts $ 602,543  $ 600,769 
Raw materials 1,648,430  1,491,786 
Work-in-process 929,604  833,933 
Finished goods 256,469  285,661 
$ 3,437,046  $ 3,212,149 
Other current assets:
Prepaid expenses $ 173,576  $ 201,053 
Deferred costs of revenues 172,014  223,829 
Contract assets 100,906  105,081 
Prepaid income and other taxes 63,958  64,704 
Other current assets 141,087  133,435 
$ 651,541  $ 728,102 
Land, property and equipment, net:
Land $ 86,654  $ 86,677 
Buildings and leasehold improvements 1,236,963  1,132,176 
Machinery and equipment 1,373,586  1,238,599 
Office furniture and fixtures 80,482  73,993 
Construction-in-process 220,756  207,807 
2,998,441  2,739,252 
Less: accumulated depreciation (1,634,657) (1,486,477)
$ 1,363,784  $ 1,252,775 
Other non-current assets:
Executive Deferred Savings Plan(1)
$ 371,868  $ 349,530 
Operating lease right of use assets 332,287  269,714 
Long-term accounts receivable, net 78,210  — 
Other non-current assets 163,781  154,370 
$ 946,146  $ 773,614 
Other current liabilities:
Compensation and benefits $ 470,913  $ 418,515 
Customer deposits 411,202  636,369 
Executive Deferred Savings Plan(1)
374,437  350,426 
Income taxes payable 117,231  167,262 
Operating lease liabilities 51,146  45,192 
Interest payable 48,253  110,056 
Other liabilities and accrued expenses 566,022  534,621 
$ 2,039,204  $ 2,262,441 
Other non-current liabilities:
Income taxes payable $ 254,498  $ 221,808 
Operating lease liabilities 207,151  158,833 
Pension liabilities 48,043  51,750 
Customer deposits 9,653  6,823 
Other non-current liabilities 189,312  170,418 
$ 708,657  $ 609,632 
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(1)We have a non-qualified deferred compensation plan (known as the “Executive Deferred Savings Plan” or “EDSP”) under which certain employees and non-employee directors may defer a portion of their compensation. The expense (benefit) associated with changes in the EDSP liability included in selling, general and administrative (“SG&A”) was $(8.8) million and $(7.9) million in the three months ended March 31, 2026 and 2025, respectively, and was $15.8 million and $13.4 million during the nine months ended March 31, 2026 and 2025, respectively. The amount of net gains (losses) associated with changes in the EDSP assets included in SG&A expense was $(9.0) million and $(9.1) million in the three months ended March 31, 2026 and 2025, respectively, and was $15.4 million and $12.3 million during the nine months ended March 31, 2026 and 2025, respectively. For additional details, refer to Note 1 “Description of Business and Summary of Significant Accounting Policies” to our Consolidated Financial Statements included in our Annual Report on Form 10-K for the fiscal year ended June 30, 2025.
Schedule of Components of Accumulated Other Comprehensive Income (Loss)
The components of Accumulated Other Comprehensive Income (Loss) (“AOCI”) as of the dates indicated below were as follows:
(In thousands) Currency Translation Adjustments Unrealized Gains (Losses) on Available-for-Sale Securities Unrealized Gains (Losses) on Derivatives Unrealized Gains (Losses) on Defined Benefit Plans Total
Balance as of March 31, 2026 $ (65,859) $ (848) $ 46,167  $ (11,440) $ (31,980)
Balance as of June 30, 2025 $ (57,277) $ 5,792  $ 64,798  $ (12,112) $ 1,201 
Schedule of Reclassification out of Accumulated Other Comprehensive Income
The effects on net income of amounts reclassified from AOCI to the Condensed Consolidated Statements of Operations for the indicated periods were as follows (in thousands; amounts in parentheses indicate debits or reductions to earnings):
AOCI Components Three Months Ended Nine Months Ended
Location in the Condensed Consolidated Statement of Operations March 31, March 31,
2026 2025 2026 2025
Unrealized gains (losses) on cash flow hedges from foreign exchange and interest rate contracts Revenues $ 2,071  $ 2,680  $ 4,474  $ 6,226 
Costs of revenues and operating expenses 11,436  (2,146) 31,896  (1,692)
Interest expense 758  758  2,275  2,526 
Net gains reclassified from AOCI $ 14,265  $ 1,292  $ 38,645  $ 7,060 
Unrealized gains on available-for-sale securities Other expense (income), net $ 170  $ 9  $ 482  $ 9