| 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 our Consolidated Balance Sheets as follows:
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| As of June 30, 2020 (In thousands) |
Total |
|
Quoted Prices
in Active Markets
for Identical
Assets (Level 1) |
|
Significant
Other
Observable
Inputs
(Level 2) |
|
Little or No
Market Activity Inputs (Level 3) |
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|
| Assets |
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|
|
|
|
|
|
|
|
| Cash equivalents: |
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Corporate debt securities |
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
|
| Money market funds and other |
694,950 |
|
|
694,950 |
|
|
— |
|
|
— |
|
|
|
| U.S. Government agency securities |
— |
|
|
— |
|
|
— |
|
|
— |
|
|
|
| U.S. Treasury securities |
— |
|
|
— |
|
|
— |
|
|
— |
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
|
|
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|
|
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| Marketable securities: |
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|
|
|
|
|
|
|
| Corporate debt securities |
381,957 |
|
|
— |
|
|
381,957 |
|
|
— |
|
|
|
| Municipal securities |
29,110 |
|
|
— |
|
|
29,110 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Sovereign securities |
2,017 |
|
|
— |
|
|
2,017 |
|
|
— |
|
|
|
| U.S. Government agency securities |
106,336 |
|
|
106,336 |
|
|
— |
|
|
— |
|
|
|
| U.S. Treasury securities |
181,193 |
|
|
151,210 |
|
|
29,983 |
|
|
— |
|
|
|
|
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|
|
|
|
|
|
|
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|
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|
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|
|
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|
Total cash equivalents and marketable securities
(1)
|
1,395,563 |
|
|
952,496 |
|
|
443,067 |
|
|
— |
|
|
|
| Other current assets: |
|
|
|
|
|
|
|
|
|
| Derivative assets |
2,077 |
|
|
— |
|
|
2,077 |
|
|
— |
|
|
|
| Other non-current assets: |
|
|
|
|
|
|
|
|
|
| Executive Deferred Savings Plan |
213,487 |
|
|
166,000 |
|
|
47,487 |
|
|
— |
|
|
|
|
Total financial assets
(1)
|
$ |
1,611,127 |
|
|
$ |
1,118,496 |
|
|
$ |
492,631 |
|
|
$ |
— |
|
|
|
| Liabilities |
|
|
|
|
|
|
|
|
|
| Derivative liabilities |
$ |
(1,410) |
|
|
$ |
— |
|
|
$ |
(1,410) |
|
|
$ |
— |
|
|
|
| Deferred payments |
(6,750) |
|
|
— |
|
|
— |
|
|
(6,750) |
|
|
|
| Contingent consideration payable |
(15,513) |
|
|
— |
|
|
— |
|
|
(15,513) |
|
|
|
| Total financial liabilities |
$ |
(23,673) |
|
|
$ |
— |
|
|
$ |
(1,410) |
|
|
$ |
(22,263) |
|
|
|
__________________
(1)
Excludes cash of $460.8 million held in operating accounts and time deposits of $78.7 million as of June 30, 2020.
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 our Consolidated Balance Sheets as follows:
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| As of June 30, 2019 (In thousands) |
Total |
|
Quoted Prices in
Active Markets
for Identical
Assets (Level 1) |
|
Significant Other
Observable Inputs
(Level 2) |
|
Little or No
Market Activity Inputs (Level 3) |
| Assets |
|
|
|
|
|
|
|
| Cash equivalents: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Corporate debt securities |
$ |
10,988 |
|
|
$ |
— |
|
|
$ |
10,988 |
|
|
$ |
— |
|
| Money market funds and other |
352,708 |
|
|
352,708 |
|
|
— |
|
|
— |
|
| U.S. Government agency securities |
27,994 |
|
|
— |
|
|
27,994 |
|
|
— |
|
| U.S. Treasury securities |
55,858 |
|
|
— |
|
|
55,858 |
|
|
— |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Marketable securities: |
|
|
|
|
|
|
|
| Corporate debt securities |
422,089 |
|
|
— |
|
|
422,089 |
|
|
— |
|
| Municipal securities |
1,913 |
|
|
— |
|
|
1,913 |
|
|
— |
|
| Sovereign securities |
5,994 |
|
|
— |
|
|
5,994 |
|
|
— |
|
| U.S. Government agency securities |
131,224 |
|
|
131,224 |
|
|
— |
|
|
— |
|
| U.S. Treasury securities |
151,838 |
|
|
151,838 |
|
|
— |
|
|
— |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
|
|
|
|
|
|
|
|
Total cash equivalents and marketable securities
(1)
|
1,160,606 |
|
|
635,770 |
|
|
524,836 |
|
|
— |
|
| Other current assets: |
|
|
|
|
|
|
|
| Derivative assets |
2,557 |
|
|
— |
|
|
2,557 |
|
|
— |
|
| Other non-current assets: |
|
|
|
|
|
|
|
| Executive Deferred Savings Plan |
207,581 |
|
|
158,021 |
|
|
49,560 |
|
|
— |
|
|
Total financial assets
(1)
|
$ |
1,370,744 |
|
|
$ |
793,791 |
|
|
$ |
576,953 |
|
|
$ |
— |
|
| Liabilities |
|
|
|
|
|
|
|
| Derivative liabilities |
$ |
(3,334) |
|
|
$ |
— |
|
|
$ |
(3,334) |
|
|
$ |
— |
|
|
|
|
|
|
|
|
|
| Deferred payments |
(8800) |
|
|
— |
|
|
— |
|
|
(8800) |
|
| Contingent consideration payable |
(14,005) |
|
|
— |
|
|
— |
|
|
(14,005) |
|
| Total financial liabilities |
$ |
(26,139) |
|
|
$ |
— |
|
|
$ |
(3,334) |
|
|
$ |
(22,805) |
|
__________________
(1)Excludes cash of $479.8 million held in operating accounts and time deposits of $99.0 million as of June 30, 2019. |