Quarterly report [Sections 13 or 15(d)]

FINANCIAL STATEMENT COMPONENTS (Tables)

v3.26.3
FINANCIAL STATEMENT COMPONENTS (Tables)
 3 Months Ended
Sep. 30, 2026
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Balance Sheet Components
Condensed Consolidated Balance Sheets
As of As of
(In thousands) September 30, 2026 June 30, 2026
Accounts receivable, net:
Accounts receivable, gross $ 3,103,627  $ 2,920,238 
Allowance for credit losses (31,540) (31,030)
$ 3,072,087  $ 2,889,208 
Inventories:
Customer service parts $ 639,024  $ 622,714 
Raw materials 2,126,927  1,849,676 
Work-in-process 1,076,942  937,724 
Finished goods 247,533  238,424 
$ 4,090,426  $ 3,648,538 
Other current assets:
Deferred costs of revenues $ 219,239  $ 257,175 
Prepaid expenses 143,971  224,515 
Contract assets 129,900  131,673 
Prepaid income and other taxes 60,938  169,090 
Other current assets 115,663  159,183 
$ 669,711  $ 941,636 
Land, property and equipment, net:
Land $ 202,532  $ 86,654 
Buildings and leasehold improvements 1,333,186  1,254,196 
Machinery and equipment 1,479,287  1,418,112 
Office furniture and fixtures 86,252  86,119 
Construction-in-process 181,063  224,431 
3,282,320  3,069,512 
Less: accumulated depreciation (1,740,989) (1,688,962)
$ 1,541,331  $ 1,380,550 
Other non-current assets:
Executive Deferred Savings Plan(1) assets
$ 411,061  $ 416,389 
Operating lease right of use assets 345,151  335,065 
Long-term accounts receivable, net 266,755  180,729 
Other non-current assets 210,124  175,195 
$ 1,233,091  $ 1,107,378 
Other current liabilities:
Compensation and benefits $ 574,679  $ 491,108 
Customer deposits 493,816  430,128 
Executive Deferred Savings Plan(1) liabilities
413,197  417,257 
Income taxes payable 142,281  83,996 
Operating lease liabilities 54,013  52,937 
Interest payable 46,545  108,913 
Other liabilities and accrued expenses 612,572  559,892 
$ 2,337,103  $ 2,144,231 
Other non-current liabilities:
Income taxes payable $ 299,437  $ 250,846 
Operating lease liabilities 215,342  211,361 
Pension liabilities 43,733  43,128 
Customer deposits 13,960  3,816 
Other non-current liabilities 347,378  188,463 
$ 919,850  $ 697,614 
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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 $(2.6) million and $18.2 million in the three months ended September 30, 2026 and 2025, respectively. The amount of net gains (losses) associated with changes in the EDSP assets included in SG&A expense was $(2.6) million and $18.2 million in the three months ended September 30, 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, 2026.
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 September 30, 2026 $ (66,136) $ (19,245) $ 34,106  $ (8,131) $ (59,406)
Balance as of June 30, 2026 $ (69,520) $ (6,834) $ 50,442  $ (8,541) $ (34,453)
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
Location in the Condensed Consolidated Statement of Operations September 30,
2026 2025
Unrealized gains on cash flow hedges from foreign exchange and interest rate contracts Revenues $ 1,916  $ 210 
Costs of revenues and operating expenses 3,473  11,244 
Interest expense 759  758 
Net gains reclassified from AOCI $ 6,148  $ 12,212 
Unrealized gains (losses) on available-for-sale securities Other expense (income), net $ (85) $ 97