Quarterly report [Sections 13 or 15(d)]

FINANCIAL STATEMENT COMPONENTS (Tables)

v3.25.3
FINANCIAL STATEMENT COMPONENTS (Tables)
 3 Months Ended
Sep. 30, 2025
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, 2025 June 30, 2025
Accounts receivable, net:
Accounts receivable, gross $ 2,312,123  $ 2,297,930 
Allowance for credit losses (34,368) (34,015)
$ 2,277,755  $ 2,263,915 
Inventories:
Customer service parts $ 607,998  $ 600,769 
Raw materials 1,536,773  1,491,786 
Work-in-process 859,779  833,933 
Finished goods 292,818  285,661 
$ 3,297,368  $ 3,212,149 
Other current assets:
Deferred costs of revenues $ 200,662  $ 223,829 
Prepaid expenses 128,877  201,053 
Contract assets 123,656  105,081 
Prepaid income and other taxes 63,183  64,704 
Other current assets 126,068  133,435 
$ 642,446  $ 728,102 
Land, property and equipment, net:
Land $ 86,668  $ 86,677 
Buildings and leasehold improvements 1,178,702  1,132,176 
Machinery and equipment 1,294,732  1,238,599 
Office furniture and fixtures 75,245  73,993 
Construction-in-process 204,448  207,807 
2,839,795  2,739,252 
Less: accumulated depreciation (1,537,966) (1,486,477)
$ 1,301,829  $ 1,252,775 
Other non-current assets:
Executive Deferred Savings Plan(1)
$ 365,185  $ 349,530 
Operating lease right of use assets 269,583  269,714 
Other non-current assets 160,618  154,370 
$ 795,386  $ 773,614 
Other current liabilities:
Customer deposits $ 510,583  $ 636,369 
Compensation and benefits 508,343  418,515 
Executive Deferred Savings Plan(1)
367,233  350,426 
Income taxes payable 199,970  167,262 
Interest payable 48,253  110,056 
Operating lease liabilities 46,763  45,192 
Other liabilities and accrued expenses 515,430  534,621 
$ 2,196,575  $ 2,262,441 
Other non-current liabilities:
Income taxes payable $ 259,642  $ 221,808 
Operating lease liabilities 156,163  158,833 
Pension liabilities 50,620  51,750 
Customer deposits 8,209  6,823 
Other non-current liabilities 171,454  170,418 
$ 646,088  $ 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 associated with changes in the EDSP liability included in selling, general and administrative (“SG&A”) was $18.2 million and $18.0 million in the three months ended September 30, 2025 and 2024, respectively. The amount of net gains associated with changes in the EDSP assets included in SG&A expense was $18.2 million and $17.9 million in the three months ended September 30, 2025 and 2024, 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 September 30, 2025 $ (53,353) $ 7,636  $ 58,354  $ (11,966) $ 671 
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
Location in the Condensed Consolidated Statement of Operations September 30,
2025 2024
Unrealized gains on cash flow hedges from foreign exchange and interest rate contracts Revenues $ 210  $ 2,535 
Costs of revenues and operating expenses 11,244  26 
Interest expense 758  947 
Net gains reclassified from AOCI $ 12,212  $ 3,508 
Unrealized gains (losses) on available-for-sale securities Other expense (income), net $ 97  $ (1)