Quarterly report pursuant to Section 13 or 15(d)

FAIR VALUE MEASUREMENTS (Tables)

v3.20.4
FAIR VALUE MEASUREMENTS (Tables)
6 Months Ended
Dec. 31, 2020
Fair Value Disclosures [Abstract]
Schedule of 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 Condensed Consolidated Balance Sheets as follows:
Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Little or No Market Activity Inputs
As of December 31, 2020 (In thousands) Total （Level 1) （Level 2) （Level 3)
Assets
Cash equivalents:
Money market funds and other $ 795,712 $ 795,712 $ — $ —
U.S. Treasury securities 15,400 — 15,400 —
Marketable securities:
Corporate debt securities 418,348 — 418,348 —
Municipal securities 39,352 — 39,352 —
Sovereign securities 3,059 — 3,059 —
U.S. Government agency securities 146,096 146,096 — —
U.S. Treasury securities 175,589 154,599 20,990 —
Total cash equivalents and marketable securities （1)
1,593,556 1,096,407 497,149 —
Other current assets:
Derivative assets 2,660 — 2,660 —
Other non-current assets:
Executive Deferred Savings Plan 245,673 188,203 57,470 —
Total financial assets （1)
$ 1,841,889 $ 1,284,610 $ 557,279 $ —
Liabilities
Derivative liabilities $ （3,841) $ — $ （3,841) $ —
Deferred payments （4,400) — — （4,400)
Contingent consideration payable （7,214) — — （7,214)
Total financial liabilities $ (15455) $ — $ （3,841) $ （11,614)
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（1) Excludes cash of $542.7 million held in operating accounts and time deposits of $160.3 million as of December 31, 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 Condensed Consolidated Balance Sheets as follows:
Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Little or No Market Activity Inputs
As of June 30, 2020 (In thousands) Total （Level 1) （Level 2) （Level 3)
Assets
Cash equivalents:
Money market funds and other $ 694,950 $ 694,950 $ — $ —
Marketable securities:
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 —
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)
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（1) Excludes cash of $460.8 million held in operating accounts and time deposits of $78.7 million as of June 30, 2020.
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