FINANCIAL STATEMENT COMPONENTS (Tables)

3 Months Ended

Sep. 30, 2021

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Condensed Consolidated Balance Sheets


	As of		As of
(In thousands)	September 30, 2021		June 30, 2021
Accounts receivable, net:
Accounts receivable, gross	$	1,481,868	$	1,323,515
Allowance for credit losses	(17,894)		(18,036)
	$	1,463,974	$	1,305,479
Inventories:
Customer service parts	$	348,913	$	349,743
Raw materials	696,314		595,151
Work-in-process	426,855		453,432
Finished goods	243,257		177,054
	$	1,715,339	$	1,575,380
Other current assets:
Prepaid expenses	$	112,592	$	76,649
Contract assets	94,877		91,052
Deferred costs of revenues	69,865		59,953
Prepaid income and other taxes	23,893		68,847
Other current assets	39,319		24,366
	$	340,546	$	320,867
Land, property and equipment, net:
Land	$	67,862	$	67,862
Buildings and leasehold improvements	463,865		458,605
Machinery and equipment	745,877		743,710
Office furniture and fixtures	32,029		32,856
Construction-in-process	215,038		182,320
	1,524,671		1,485,353
Less: accumulated depreciation	(826,124)		(822,326)
	$	698,547	$	663,027
Other non-current assets:
Executive Deferred Savings Plan(1)	$	262,041	$	266,199

Operating lease right of use assets	99,616		102,883
Other non-current assets	77,056		75,823
	$	438,713	$	444,905
Other current liabilities:
Customer credits and advances	$	421,928	$	250,784
Compensation and benefits	421,677		305,445
Executive Deferred Savings Plan	264,740		268,028
Other accrued expenses	177,045		180,982

Income taxes payable	162,494		87,320
Interest payable	34,766		36,135
Operating lease liabilities	32,946		32,322
	$	1,515,596	$	1,161,016
Other non-current liabilities:
Income taxes payable	$	314,623	$	333,866
Pension liabilities	86,817		87,602
Operating lease liabilities	65,940		70,739
Other non-current liabilities	153,201		139,083
	$	620,581	$	631,290

________________

(1)We have a non-qualified deferred compensation plan (known as “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 expense was $(1.0) million and $13.2 million during the three months ended September 30, 2021 and 2020, respectively. The amount of net gains (losses) associated with changes in the EDSP assets included in selling, general and administrative expense was $(1.1) million and $13.3 million during the three months ended September 30, 2021 and 2020, 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, 2021.

Schedule of Components of Accumulated Other Comprehensive Income (Loss)

The components of 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, 2021	$	(35,001)	$	345	$	(20,519)	$	(22,869)	$	(78,044)

Balance as of June 30, 2021	$	(32,563)	$	595	$	(20,092)	$	(23,497)	$	(75,557)

Schedule of Reclassification out of Accumulated Other Comprehensive Income

The effects on net income (loss) of amounts reclassified from AOCI to the Condensed Consolidated Statements of Operations for the indicated period were as follows (in thousands):


AOCI Components	Location in the Condensed Consolidated Statements of Operations	Three Months Ended September 30,
		2021		2020
Unrealized gains (losses) on cash flow hedges from foreign exchange and interest rate contracts	Revenues	$	1,729	$	(217)
	Costs of revenues and operating expenses	(232)		550
	Interest expense	(279)		(279)

	Net gains (losses) reclassified from AOCI	$	1,218	$	54
Unrealized gains (losses) on available-for-sale securities	Other expense (income), net	$	1	$	101