| 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 the Company’s Consolidated Balance Sheet as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As of June 30, 2017 (In thousands)
|
Total
|
|
Quoted Prices in
Active Markets
for Identical
Assets (Level 1)
|
|
Significant Other
Observable Inputs
(Level 2)
|
|
Assets
|
|
|
|
|
|
|
Cash equivalents:
|
|
|
|
|
|
|
Corporate debt securities
|
$
|
76,472
|
|
|
$
|
—
|
|
|
$
|
76,472
|
|
|
Money market funds and other
|
616,039
|
|
|
616,039
|
|
|
—
|
|
|
U.S. Government agency securities
|
117,417
|
|
|
—
|
|
|
117,417
|
|
|
Sovereign securities
|
10,050
|
|
|
—
|
|
|
10,050
|
|
|
Marketable securities:
|
|
|
|
|
|
|
Corporate debt securities
|
1,042,723
|
|
|
—
|
|
|
1,042,723
|
|
|
Sovereign securities
|
42,515
|
|
|
—
|
|
|
42,515
|
|
|
U.S. Government agency securities
|
391,409
|
|
|
368,121
|
|
|
23,288
|
|
|
U.S. Treasury securities
|
373,299
|
|
|
373,299
|
|
|
—
|
|
|
Total cash equivalents and marketable securities
(1)
|
2,669,924
|
|
|
1,357,459
|
|
|
1,312,465
|
|
|
Other current assets:
|
|
|
|
|
|
|
Derivative assets
|
5,931
|
|
|
—
|
|
|
5,931
|
|
|
Other non-current assets:
|
|
|
|
|
|
|
Executive Deferred Savings Plan
|
182,150
|
|
|
136,145
|
|
|
46,005
|
|
|
Total financial assets
(1)
|
$
|
2,858,005
|
|
|
$
|
1,493,604
|
|
|
$
|
1,364,401
|
|
|
Liabilities
|
|
|
|
|
|
|
Other current liabilities:
|
|
|
|
|
|
|
Derivative liabilities
|
$
|
(1,275
|
)
|
|
$
|
—
|
|
|
$
|
(1,275
|
)
|
|
Total financial liabilities
|
$
|
(1,275
|
)
|
|
$
|
—
|
|
|
$
|
(1,275
|
)
|
__________________
(1) Excludes cash of
$307.4 million
held in operating accounts and time deposits of
$39.4 million
as of
June 30, 2017
.
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 the Company’s Consolidated Balance Sheet as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As of June 30, 2016 (In thousands)
|
Total
|
|
Quoted Prices in
Active Markets
for Identical
Assets (Level 1)
|
|
Significant Other
Observable Inputs
(Level 2)
|
|
Assets
|
|
|
|
|
|
|
Cash equivalents:
|
|
|
|
|
|
|
Corporate debt securities
|
$
|
20,569
|
|
|
$
|
—
|
|
|
$
|
20,569
|
|
|
Money market funds and other
|
626,156
|
|
|
626,156
|
|
|
—
|
|
|
U.S. Treasury securities
|
68,748
|
|
|
68,748
|
|
|
—
|
|
|
Marketable securities:
|
|
|
|
|
|
|
Corporate debt securities
|
657,905
|
|
|
—
|
|
|
657,905
|
|
|
Municipal securities
|
5,016
|
|
|
—
|
|
|
5,016
|
|
|
Sovereign securities
|
41,257
|
|
|
6,426
|
|
|
34,831
|
|
|
U.S. Government agency securities
|
405,705
|
|
|
385,731
|
|
|
19,974
|
|
|
U.S. Treasury securities
|
258,754
|
|
|
258,754
|
|
|
—
|
|
|
Total cash equivalents and marketable securities
(1)
|
2,084,110
|
|
|
1,345,815
|
|
|
738,295
|
|
|
Other current assets:
|
|
|
|
|
|
|
Derivative assets
|
1,095
|
|
|
—
|
|
|
1,095
|
|
|
Other non-current assets:
|
|
|
|
|
|
|
Executive Deferred Savings Plan
|
162,160
|
|
|
106,149
|
|
|
56,011
|
|
|
Total financial assets
(1)
|
$
|
2,247,365
|
|
|
$
|
1,451,964
|
|
|
$
|
795,401
|
|
|
Liabilities
|
|
|
|
|
|
|
Other current liabilities:
|
|
|
|
|
|
|
Derivative liabilities
|
$
|
(11,647
|
)
|
|
$
|
—
|
|
|
$
|
(11,647
|
)
|
|
Total financial liabilities
|
$
|
(11,647
|
)
|
|
$
|
—
|
|
|
$
|
(11,647
|
)
|
__________________
(1) Excludes cash of
$330.1 million
held in operating accounts and time deposits of
$77.1 million
as of
June 30, 2016
.
|