v3.26.3
Derivative Financial Instruments (Tables)
 3 Months Ended
Sep. 30, 2026
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Derivative Instruments Our interest rate swap contracts have varying start and maturity dates through April 2028.
Interest rate swap contracts outstanding:Notional Amounts
Contracts accruing interest as of September 30, 2026 (1)
$350,000 
Contracts with a future start date80,000 
Total$430,000 
________________________
(1) Based on contracts outstanding as of September 30, 2026, the notional value of our contracted interest rate swaps accruing interest will fluctuate between $320,000 and $380,000 through April 2028 based on layered start dates and maturities.
Schedule of Notional Amounts of Outstanding Derivative Positions
As of September 30, 2026, we had the following outstanding currency derivative contracts that were not designated for hedge accounting and were primarily used to hedge fluctuations in the U.S. dollar value of forecasted transactions or balances denominated in the Australian Dollar, Canadian Dollar, Czech Koruna, Danish Krone, Euro, GBP, Indian Rupee, Mexican Peso, New Zealand Dollar, Norwegian Krone, Philippine Peso, Swiss Franc and Swedish Krona:
Notional AmountEffective DateMaturity DateNumber of InstrumentsIndex
$1,001,965December 2024 through September 2026Various dates through September 2028631Various
Derivative Instruments in Statement of Financial Position, Fair Value
The table below presents the fair value of our derivative financial instruments as well as their classification on the balance sheet as of September 30, 2026 and June 30, 2026. Our derivative asset and liability balances fluctuate with interest rate and currency exchange rate volatility.
September 30, 2026
Asset DerivativesLiability Derivatives
Balance Sheet line itemGross amounts of recognized assetsGross amount offset in Consolidated Balance SheetNet amountBalance Sheet line itemGross amounts of recognized liabilitiesGross amount offset in Consolidated Balance SheetNet amount
Derivatives designated as hedging instruments
Derivatives in cash flow hedging relationships
Interest rate swapsOther current assets / other assets$12,796 $— $12,796 Other current liabilities / other liabilities$— $— $— 
Derivatives in net investment hedging relationships
Cross-currency swapOther assets— — — Other liabilities(22,222)— (22,222)
Currency forward contractsOther current assets / other assets1,380 — 1,380 Other current liabilities / other liabilities— — — 
Derivatives in fair value hedging relationships
Currency forward contractsOther assets382 — 382 Other liabilities— — — 
Total derivatives designated as hedging instruments$14,558 $— $14,558 $(22,222)$— $(22,222)
Derivatives not designated as hedging instruments
Currency forward contractsOther current assets / other assets$20,180 $(8,757)$11,423 Other current liabilities / other liabilities$(2,898)$327 $(2,571)
Currency option contractsOther current assets— — — Other current liabilities(1,942)301 (1,641)
Total derivatives not designated as hedging instruments$20,180 $(8,757)$11,423 $(4,840)$628 $(4,212)
June 30, 2026
Asset DerivativesLiability Derivatives
Balance Sheet line itemGross amounts of recognized assetsGross amount offset in Consolidated Balance SheetNet amountBalance Sheet line itemGross amounts of recognized liabilitiesGross amount offset in Consolidated Balance SheetNet amount
Derivatives designated as hedging instruments
Derivatives in cash flow hedging relationships
Interest rate swapsOther current assets / other assets$10,951 $— $10,951 Other current liabilities / other liabilities$— $— $— 
Derivatives in net investment hedging relationships
Cross-currency swapOther assets— — — Other liabilities(24,566)— (24,566)
Currency forward contractsOther assets1,037 — 1,037 Other liabilities— — — 
Total derivatives designated as hedging instruments$11,988 $— $11,988 $(24,566)$— $(24,566)
Derivatives not designated as hedging instruments
Currency forward contractsOther current assets / other assets$14,221 $(9,175)$5,046 Other current liabilities / other liabilities$(3,300)$466 $(2,834)
Currency option contractsOther current assets / other assets— — — Other current liabilities / other liabilities(2,772)69 (2,703)
Total derivatives not designated as hedging instruments$14,221 $(9,175)$5,046 $(6,072)$535 $(5,537)
Schedule of Derivative Instruments, Effect on Other Comprehensive Income (Loss)
The following table presents the effect of our derivative financial instruments designated as hedging instruments and their classification within comprehensive (loss) income, net of tax, for the three months ended September 30, 2026 and 2025:
Three Months Ended September 30,
20262025
Derivatives in cash flow hedging relationships
Interest rate swaps$3,080 $291 
Derivatives in net investment hedging relationships
Cross-currency swaps2,108 950 
Currency forward contracts1,052 205 
Derivatives in fair value hedging relationships
Currency forward contracts(490)— 
Total$5,750 $1,446 
Reclassification out of Accumulated Other Comprehensive Income
The following table presents reclassifications out of accumulated other comprehensive loss for the three months ended September 30, 2026 and 2025:
Amount of Net (Gain) Loss Reclassified from Accumulated Other Comprehensive Loss into (Loss) IncomeAffected line item in the
Statement of Operations
Three Months Ended September 30,
20262025
Derivatives in cash flow hedging relationships
Interest rate swaps$(1,343)$(882)Interest expense, net
Derivatives in net investment hedging relationships
Currency forward contracts(267)— Interest expense, net
Total before income tax(1,610)(882)Income before income taxes
Income tax342 162 Income tax expense
Total$(1,268)$(720)
Derivatives Not Designated as Hedging Instruments
The following table presents the adjustment to fair value recorded within the consolidated statements of operations for the three months ended September 30, 2026 and 2025 for derivative instruments for which we did not elect hedge accounting:
Amount of Gain (Loss) Recognized in Net (Loss) IncomeAffected line item in the
Statement of Operations
Three Months Ended September 30,
20262025
Currency contracts$6,554 $3,451 Other income, net
Total$6,554 $3,451