| 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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Little or No Market Activity Inputs |
| As of March 31, 2024 (In thousands) |
Total |
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(Level 1) |
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(Level 2) |
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(Level 3) |
| Assets |
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| Cash equivalents: |
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| Corporate debt securities |
$ |
1,517 |
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$ |
— |
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$ |
1,517 |
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$ |
— |
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| Money market funds and other |
1,091,385 |
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1,091,385 |
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— |
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— |
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| U.S. Treasury securities |
35,606 |
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— |
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35,606 |
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— |
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| Marketable securities: |
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| Corporate debt securities |
765,619 |
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— |
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765,619 |
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— |
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| Municipal securities |
40,127 |
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— |
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40,127 |
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— |
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| U.S. Government agency securities |
93,208 |
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93,208 |
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— |
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— |
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| U.S. Treasury securities |
725,509 |
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435,647 |
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289,862 |
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— |
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| Equity securities |
29,260 |
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29,260 |
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— |
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— |
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Total cash equivalents and marketable securities(1)
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2,782,231 |
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1,649,500 |
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1,132,731 |
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— |
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| Other current assets: |
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| Derivative assets |
35,838 |
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— |
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35,838 |
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— |
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| Other non-current assets: |
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| Executive Deferred Savings Plan |
297,915 |
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265,969 |
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31,946 |
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— |
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Total financial assets(1)
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$ |
3,115,984 |
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$ |
1,915,469 |
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$ |
1,200,515 |
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$ |
— |
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| Liabilities |
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| Derivative liabilities |
$ |
(16,716) |
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$ |
— |
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$ |
(16,716) |
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$ |
— |
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| Contingent consideration payable |
(67) |
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— |
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— |
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(67) |
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| Total financial liabilities |
$ |
(16,783) |
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$ |
— |
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$ |
(16,716) |
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$ |
(67) |
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________________
(1) Excludes cash of $457.6 million held in operating accounts and time deposits of $1.05 billion (of which $262.1 million were cash equivalents) as of March 31, 2024.
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Quoted Prices in Active Markets for Identical Assets |
|
Significant Other Observable Inputs |
|
Little or No Market Activity Inputs |
| As of June 30, 2023 (In thousands) |
Total |
|
(Level 1) |
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(Level 2) |
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(Level 3) |
| Assets |
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| Cash equivalents: |
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| Money market funds and other |
$ |
1,257,223 |
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$ |
1,257,223 |
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$ |
— |
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$ |
— |
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| U.S. Government agency securities |
3,788 |
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— |
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3,788 |
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— |
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| U.S. Treasury securities |
11,500 |
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— |
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11,500 |
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— |
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| Marketable securities: |
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| Corporate debt securities |
502,650 |
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— |
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502,650 |
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— |
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| Municipal securities |
31,788 |
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— |
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31,788 |
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— |
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| U.S. Government agency securities |
129,784 |
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|
127,715 |
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2,069 |
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— |
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| U.S. Treasury securities |
518,215 |
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425,234 |
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92,981 |
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— |
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| Equity securities |
18,159 |
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18,159 |
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— |
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— |
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Total cash equivalents and marketable securities(1)
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2,473,107 |
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1,828,331 |
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644,776 |
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— |
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| Other current assets: |
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| Derivative assets |
35,712 |
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— |
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35,712 |
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— |
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| Other non-current assets: |
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| Executive Deferred Savings Plan |
256,846 |
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198,639 |
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58,207 |
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— |
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Total financial assets(1)
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$ |
2,765,665 |
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$ |
2,026,970 |
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$ |
738,695 |
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$ |
— |
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| Liabilities |
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| Derivative liabilities |
$ |
(12,106) |
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$ |
— |
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$ |
(12,106) |
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$ |
— |
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| Contingent consideration payable |
(6,447) |
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— |
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— |
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(6,447) |
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| Total financial liabilities |
$ |
(18,553) |
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$ |
— |
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$ |
(12,106) |
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$ |
(6,447) |
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________________
(1) Excludes cash of $298.6 million held in operating accounts and time deposits of $471.4 million (of which $356.7 million were cash equivalents) as of June 30, 2023.
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