Quarterly report pursuant to Section 13 or 15(d)

FAIR VALUE MEASUREMENTS (Tables)

v3.21.2
FAIR VALUE MEASUREMENTS (Tables)
 3 Months Ended
Sep. 30, 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 September 30, 2021 (In thousands) Total  (Level 1)  (Level 2)  (Level 3)
Assets
Cash equivalents:
Money market funds and other $ 690,579  $ 690,579  $ —  $ — 
Marketable securities:
Corporate debt securities 467,529  —  467,529  — 
Municipal securities 70,892  —  70,892  — 
Sovereign securities 5,049  —  5,049  — 
U.S. Government agency securities 126,147  126,147  —  — 
U.S. Treasury securities 247,764  241,815  5,949  — 
Equity securities(1)
18,653  18,653  —  — 
Total cash equivalents and marketable securities(2)
1,626,613  1,077,194  549,419  — 
Other current assets:
Derivative assets 10,156  —  10,156  — 
Other non-current assets:
Executive Deferred Savings Plan 262,042  199,933  62,109  — 
Total financial assets(2)
$ 1,898,811  $ 1,277,127  $ 621,684  $ — 
Liabilities
Derivative liabilities $ (4,348) $ —  $ (4,348) $ — 
Deferred payments (4,625) —  —  (4,625)
Contingent consideration payable (21,324) —  —  (21,324)
Total financial liabilities $ (30,297) $ —  $ (4,348) $ (25,949)
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(1) Transfer from Level 2 to Level 1 as the security-specific restriction expired during the three months ended September 30, 2021.
(2) Excludes cash of $747.6 million held in operating accounts and time deposits of $250.6 million (of which $71.3 million were cash equivalents) as of September 30, 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.