| Schedule of Fair Values of Derivative Instruments |
The following table presents our assets and liabilities related to derivative instruments on a gross basis within the consolidated balance sheets (in thousands): | | | | | | | | | | | | | | | | | | | June 30,
2025 | | June 30,
2024 | | Balance Sheet Caption | | Derivative Assets | | | | | | | Not Designated as Hedging Instruments | | | | | | | Foreign currency hedging instruments | $ | 6,810 | | | $ | 2,343 | | | Prepaid taxes and other non-current assets | | Foreign currency hedging instruments | — | | | 89 | | | Prepaid taxes and other non-current assets | | Total derivative assets | $ | 6,810 | | | $ | 2,432 | | | | | Derivative Liabilities | | | | | | | Designated as Hedging Instruments | | | | | | | Foreign cross-currency swaps – Fair Value Hedge | $ | 38,533 | | | $ | 10,472 | | | Other long-term liabilities | | Foreign cross-currency swaps – Net Investment Hedge | 91,596 | | | 21,270 | | | Other long-term liabilities | | Not Designated as Hedging Instruments | | | | | | | Foreign currency hedging instruments | 2,695 | | | 4,654 | | | Accrued expenses | | Foreign currency hedging instruments | — | | | 142 | | | Other long-term liabilities | | Total derivative liabilities | $ | 132,824 | | | $ | 36,538 | | | |
|
| Schedule of Derivative Gains (Losses) |
We recognized the following gains (losses) on the foreign cross currency swaps designated as fair value hedges (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | Twelve Months Ended
June 30, | | | | | | 2025 | | 2024 | | 2023 | | Gain (loss) recognized in other comprehensive income (loss) | | | | | $ | 1,762 | | | $ | 3,329 | | | $ | (5,414) | | | Gain (loss) recognized on cross-currency swap in interest (expense) income, net (amount excluded from effectiveness testing) | | | | | $ | 4,699 | | | $ | 4,010 | | | $ | 3,754 | | | Gain (loss) recognized on cross-currency swap in other, net | | | | | $ | (29,822) | | | $ | 5,942 | | | $ | (14,329) | | | Gain (loss) recognized on intercompany debt in other, net | | | | | $ | 29,822 | | | $ | (5,942) | | | $ | 14,329 | |
We recognized the following gains (losses) on the foreign cross currency swaps designated as net investment hedges (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | Twelve Months Ended
June 30, | | | | | | 2025 | | 2024 | | 2023 | | Gain (loss) recognized in cumulative translation adjustment within other comprehensive income (loss) | | | | | $ | (70,326) | | | $ | 19,532 | | | $ | (40,803) | | | Gain (loss) recognized from the excluded components in interest (expense) income, net | | | | | $ | 12,024 | | | $ | 10,337 | | | $ | 9,482 | |
We recognized the following gains (losses) in the consolidated statement of income on derivatives not designated as hedging instruments (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | Twelve Months Ended
June 30, | | | | | | 2025 | | 2024 | | 2023 | | Gain (loss) recognized on foreign currency hedging instruments in other, net | | | | | $ | 47,241 | | | $ | (4,168) | | | $ | 8,576 | | | Gain (loss) recognized on other foreign-currency-denominated transactions in other, net | | | | | (54,330) | | | 19 | | | (12,780) | | | Total | | | | | $ | (7,089) | | | $ | (4,149) | | | $ | (4,204) | |
|