FAIR VALUE MEASUREMENTS (Tables)

12 Months Ended

Jun. 30, 2021

Fair Value Disclosures [Abstract]

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 Consolidated Balance Sheets as follows:

As of June 30, 2021 (In thousands)	Total		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant  Other Observable  Inputs (Level 2)		Little or No Market Activity Inputs (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.

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 Consolidated Balance Sheets as follows: 

As of June 30, 2020 (In thousands)	Total		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Little or No Market Activity Inputs (Level 3)
Assets
Cash equivalents:
Money market funds and other	$	694,950	$	694,950	$	—	$	—
Marketable securities:
Corporate debt securities	381,957		—		381,957		—
Municipal securities	29,110		—		29,110		—
Sovereign securities	2,017		—		2,017		—
U.S. Government agency securities	106,336		106,336		—		—
U.S. Treasury securities	181,193		151,210		29,983		—
Total cash equivalents and marketable securities(1)	1,395,563		952,496		443,067		—
Other current assets:
Derivative assets	2,077		—		2,077		—
Other non-current assets:
Executive Deferred Savings Plan	213,487		166,000		47,487		—
Total financial assets(1)	$	1,611,127	$	1,118,496	$	492,631	$	—
Liabilities
Derivative liabilities	$	(1,410)	$	—	$	(1,410)	$	—
Deferred payments	(6,750)		—		—		(6,750)
Contingent consideration payable	(15,513)		—		—		(15,513)
Total financial liabilities	$	(23,673)	$	—	$	(1,410)	$	(22,263)

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(1)Excludes cash of $460.8 million held in operating accounts and time deposits of $124.2 million (of which $78.7 million were cash equivalents) as of June 30, 2020.