v3.26.1
FAIR VALUE MEASUREMENTS
 12 Months Ended
Jun. 30, 2026
Fair Value Disclosures [Abstract]  
FAIR VALUE MEASUREMENTS FAIR VALUE MEASUREMENTS
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 Consolidated Balance Sheets as follows:
As of June 30, 2026 (In thousands)TotalQuoted Prices in Active Markets for Identical Assets (Level 1)Significant Other Observable Inputs (Level 2)
Assets
Cash equivalents:
Municipal securities$6,016 $— $6,016 
Corporate debt securities6,075 — 6,075 
Money market funds and other1,233,035 1,233,035 — 
Sovereign securities999 — 999 
Marketable securities:
Corporate debt securities1,297,450 — 1,297,450 
Municipal securities17,403 — 17,403 
Sovereign securities39,219 — 39,219 
U.S. Government agency securities75,742 75,742 — 
U.S. Treasury securities1,355,711 1,275,725 79,986 
Equity securities
46,772 46,772 — 
Total cash equivalents and marketable securities(1)
4,078,422 2,631,274 1,447,148 
Other current assets:
Derivative assets41,821 — 41,821 
Interest rate swap assets2,534 — 2,534 
Other non-current assets:
EDSP assets416,389 398,414 17,975 
Interest rate swap assets6,990 — 6,990 
Long-term accounts receivable, net180,729 — 180,729 
Total financial assets(1)
$4,726,885 $3,029,688 $1,697,197 
Liabilities
Other current liabilities:
Derivative liabilities$(12,546)$— $(12,546)
Other non-current liabilities:
Interest rate swap liabilities(10,107)— (10,107)
Total financial liabilities$(22,653)$— $(22,653)
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(1)Excludes cash of $333.8 million held in operating accounts and time deposits of $490.2 million (of which $70.0 million were cash equivalents) as of June 30, 2026.
As of June 30, 2025 (In thousands)TotalQuoted Prices in Active Markets for Identical Assets (Level 1)Significant Other Observable Inputs (Level 2)
Assets
Cash equivalents:
Municipal securities$6,120 $— $6,120 
Corporate debt securities1,498 — 1,498 
Money market funds and other1,531,022 1,531,022 — 
U.S. Government agency securities9,955 — 9,955 
U.S. Treasury securities9,981 — 9,981 
Marketable securities:
Corporate debt securities960,148 — 960,148 
Municipal securities51,453 — 51,453 
U.S. Government agency securities106,881 106,881 — 
U.S. Treasury securities877,578 802,682 74,896 
Equity securities
23,962 23,962 — 
Total cash equivalents and marketable securities(1)
3,578,598 2,464,547 1,114,051 
Other current assets:
Derivative assets59,503 — 59,503 
Other non-current assets:
EDSP assets349,530 336,090 13,440 
Total financial assets(1)
$3,987,631 $2,800,637 $1,186,994 
Liabilities
Other current liabilities:
Derivative liabilities$(28,615)$— $(28,615)
Total financial liabilities$(28,615)$— $(28,615)
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(1)Excludes cash of $437.8 million held in operating accounts and time deposits of $478.2 million (of which $82.5 million were cash equivalents) as of June 30, 2025.
We did not have any financial assets or liabilities measured at fair value on a recurring basis within Level 3 fair value measurements as of June 30, 2026 or June 30, 2025.