KLA (KLAC) 10-Q 28 Oct 22 2023 Q1 Quarterly report Financial data

Cover Page

Cover Page - shares	3 Months Ended
	Sep. 30, 2022	Oct. 17, 2022
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2022
Document Transition Report	false
Entity File Number	000-09992
Entity Registrant Name	KLA CORPORATION
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	04-2564110
Entity Address, Address Line One	One Technology Drive,
Entity Address, City or Town	Milpitas,
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	95035
City Area Code	408
Local Phone Number	875-3000
Title of 12(b) Security	Common Stock, $0.001 par value per share
Trading Symbol	KLAC
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		141,718,327
Amendment Flag	false
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q1
Entity Central Index Key	0000319201
Current Fiscal Year End Date	--06-30

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Sep. 30, 2022	Jun. 30, 2022
Current assets:
Cash and cash equivalents	$ 1,819,280	$ 1,584,908
Marketable securities	1,134,240	1,123,100
Accounts receivable, net	1,857,320	1,811,877
Inventories	2,408,325	2,146,889
Other current assets	424,774	502,137
Total current assets	7,643,939	7,168,911
Land, property and equipment, net	913,002	849,929
Goodwill	2,278,827	2,320,049
Deferred income taxes	662,408	579,173
Purchased intangible assets, net	1,131,445	1,194,414
Other non-current assets	494,031	484,612
Total assets	13,123,652	12,597,088
Current liabilities:
Accounts payable	479,707	443,338
Deferred system revenue	440,477	500,969
Deferred service revenue	362,832	381,737
Other current liabilities	1,856,348	1,545,039
Total current liabilities	3,139,364	2,871,083
Long-term debt	6,312,749	6,660,718
Deferred tax liabilities	557,832	658,937
Deferred service revenue	129,861	124,618
Other non-current liabilities	881,772	882,642
Total liabilities	11,021,578	11,197,998
Commitments and contingencies
Stockholders’ equity:
Common stock and capital in excess of par value	1,041,948	1,061,940
Retained earnings	1,118,967	366,882
Accumulated other comprehensive loss	(58,841)	(27,471)
Total KLA stockholders’ equity	2,102,074	1,401,351
Non-controlling interest in consolidated subsidiaries	0	(2,261)
Total stockholders’ equity	2,102,074	1,399,090
Total liabilities and stockholders’ equity	$ 13,123,652	$ 12,597,088

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Revenues:
Revenues	$ 2,724,424	$ 2,083,838
Costs and expenses:
Costs of revenues	1,041,226	813,624
Research and development	318,515	258,153
Selling, general and administrative	253,980	193,261
Interest expense	74,395	38,312
Loss on extinguishment of debt	(13,286)	0
Other expense (income), net	(47,006)	14,140
Income before income taxes	1,070,028	766,348
Provision (benefit) for income taxes	43,963	(302,137)
Net income	1,026,065	1,068,485
Less: Net loss attributable to non-controlling interest	74	68
Net income attributable to KLA	$ 1,025,991	$ 1,068,417
Net income per share attributable to KLA
Basic (in dollars per share)	$ 7.23	$ 7.01
Diluted (in dollars per share)	$ 7.20	$ 6.96
Weighted-average number of shares:
Basic (in shares)	141,829	152,330
Diluted (in shares)	142,563	153,410
Product
Revenues:
Revenues	$ 2,195,609	$ 1,629,888
Service
Revenues:
Revenues	$ 528,815	$ 453,950

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Statement of Comprehensive Income [Abstract]
Net income	$ 1,026,065	$ 1,068,485
Currency translation adjustments:
Cumulative currency translation adjustments	(19,712)	(2,755)
Income tax benefit	0	317
Net change related to currency translation adjustments	(19,712)	(2,438)
Cash flow hedges:
Net unrealized gains arising during the period	1,768	852
Reclassification adjustments for net gains included in net income	(10,175)	(1,218)
Income tax (provision) benefit	1,188	(61)
Net change related to cash flow hedges	(7,219)	(427)
Net change related to unrecognized losses and transition obligations in connection with defined benefit plans	891	628
Available-for-sale securities:
Net unrealized losses arising during the period	(6,964)	(317)
Reclassification adjustments for net (gains) losses included in net income	174	(1)
Income tax benefit	1,460	68
Net change related to available-for-sale securities	(5,330)	(250)
Other comprehensive loss	(31,370)	(2,487)
Less: Comprehensive loss attributable to non-controlling interest	74	68
Total comprehensive income attributable to KLA	$ 994,621	$ 1,065,930

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Stockholders' Equity (Unaudited) - USD ($) shares in Thousands, $ in Thousands	Total	Total KLA Stockholders’ Equity	Common Stock and Capital in Excess of Par Value, Shares	Common Stock and Capital in Excess of Par Value, Amount	Retained Earnings	Accumulated Other Comprehensive Income (Loss)	Non- Controlling Interest
Beginning balance (in shares) at Jun. 30, 2021			152,776
Beginning balance at Jun. 30, 2021	$ 3,375,642	$ 3,377,554		$ 2,175,988	$ 1,277,123	$ (75,557)	$ (1,912)
Increase (Decrease) in Stockholders' Equity
Net income attributable to KLA	1,068,417	1,068,417			1,068,417
Net income attributable to non-controlling interest	68						68
Other comprehensive loss	(2,487)	(2,487)				(2,487)
Net issuance under employee stock plans (in shares)			160
Net issuance under employee stock plans	(46,532)	(46,532)		(46,532)
Repurchase of common stock (in shares)			(1,190)
Repurchase of common stock	(399,677)	(399,677)		(16,966)	(382,711)
Cash dividends and dividend equivalents declared	(161,561)	(161,561)			(161,561)
Stock-based compensation expense	25,216	25,216		25,216
Ending balance (in shares) at Sep. 30, 2021			151,746
Ending balance at Sep. 30, 2021	3,859,086	3,860,930		2,137,706	1,801,268	(78,044)	(1,844)
Beginning balance (in shares) at Jun. 30, 2022			141,804
Beginning balance at Jun. 30, 2022	1,399,090	1,401,351		1,061,940	366,882	(27,471)	(2,261)
Increase (Decrease) in Stockholders' Equity
Net income attributable to KLA	1,025,991	1,025,991			1,025,991
Net income attributable to non-controlling interest	74						74
Other comprehensive loss	(31,370)	(31,370)				(31,370)
Net issuance under employee stock plans (in shares)			171
Net issuance under employee stock plans	(54,950)	(54,950)		(54,950)
Repurchase of common stock (in shares)			(257)
Repurchase of common stock	(89,616)	(89,616)		(1,926)	(87,690)
Cash dividends and dividend equivalents declared	(186,216)	(186,216)			(186,216)
Stock-based compensation expense	34,982	34,982		34,982
Purchase of non-controlling interest	(4,294)	1,902		1,902			(6,196)
Disposal of non-controlling interest	8,383
Ending balance (in shares) at Sep. 30, 2022			141,718
Ending balance at Sep. 30, 2022	$ 2,102,074	$ 2,102,074		$ 1,041,948	$ 1,118,967	$ (58,841)	$ 0

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Stockholders' Equity (Unaudited) (Parenthetical) - $ / shares	3 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Statement of Stockholders' Equity [Abstract]
Cash dividends declared (in dollars per share)	$ 1.30	$ 1.05

Condensed Consolidated Statem_5

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Cash flows from operating activities:
Net income	$ 1,026,065	$ 1,068,485
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	101,938	84,824
Loss on extinguishment of debt	13,286	0
Unrealized foreign exchange loss and other	1,783	15,639
Asset impairment charges	9,156	5,962
Disposal of non-controlling interest	8,270	0
Stock-based compensation expense	34,982	25,216
Gain on sale of business	(29,687)	0
Deferred income taxes	(156,226)	(427,970)
Changes in assets and liabilities, net of assets acquired and liabilities assumed in business acquisitions:
Accounts receivable	(55,073)	(180,354)
Inventories	(265,530)	(138,189)
Other assets	45,637	4,673
Accounts payable	36,472	41,868
Deferred system revenue	(60,492)	33,469
Deferred service revenue	(12,411)	4,912
Other liabilities	313,375	325,262
Net cash provided by operating activities	1,011,545	863,797
Cash flows from investing activities:
Net proceeds from sale of business	75,358	0
Business acquisitions, net of cash acquired	(27,144)	(37,986)
Capital expenditures	(84,352)	(68,955)
Purchases of available-for-sale securities	(256,793)	(264,000)
Proceeds from sale of available-for-sale securities	26,608	14,954
Proceeds from maturity of available-for-sale securities	211,465	178,414
Purchases of trading securities	(19,512)	(22,896)
Proceeds from sale of trading securities	19,875	25,163
Proceeds from other investments	1,020	0
Net cash used in investing activities	(53,475)	(175,306)
Cash flows from financing activities:
Payment of debt issuance costs	(6,515)	0
Proceeds from revolving credit facility	300,000	300,000
Repayment of debt	(662,250)	(300,000)
Common stock repurchases	(89,846)	(399,677)
Payment of dividends to stockholders	(187,984)	(162,821)
Issuance of common stock	115	0
Tax withholding payments related to vested and released restricted stock units	(54,952)	(46,532)
Purchase of non-controlling interest	(4,295)	0
Net cash used in financing activities	(705,727)	(609,030)
Effect of exchange rate changes on cash and cash equivalents	(17,971)	(4,507)
Net increase in cash and cash equivalents	234,372	74,954
Cash and cash equivalents at beginning of period	1,584,908	1,434,610
Cash and cash equivalents at end of period	1,819,280	1,509,564
Supplemental cash flow disclosures:
Income taxes paid, net	101,061	57,532
Interest paid	44,216	39,717
Non-cash activities:
Contingent consideration payable - financing activities	145	12,810
Dividends payable - financing activities	1,942	1,783
Unsettled common stock repurchase - financing activities	0	5,999
Accrued purchases of land, property and equipment - investing activities	$ 34,027	$ 22,962

BASIS OF PRESENTATION

BASIS OF PRESENTATION	3 Months Ended
	Sep. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
BASIS OF PRESENTATION	BASIS OF PRESENTATION Basis of Presentation. For purposes of this report, “KLA,” the “Company,” “we,” “our,” “us” or similar references mean KLA Corporation and its majority-owned subsidiaries unless the context requires otherwise. The Condensed Consolidated Financial Statements have been prepared by us pursuant to the rules and regulations of the U.S. Securities and Exchange Commission. Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) have been condensed or omitted pursuant to such rules and regulations. The unaudited interim Condensed Consolidated Financial Statements do not include all of the information and footnotes required by GAAP for audited financial statements. The balance sheet as of June 30, 2022 was derived from the Company’s audited Consolidated Financial Statements included in our Annual Report on Form 10-K for the fiscal year ended June 30, 2022 but does not include all disclosures required by GAAP for audited financial statements. The unaudited interim Condensed Consolidated Financial Statements reflect all adjustments (consisting only of normal, recurring adjustments) necessary for a fair statement of the financial position, results of operations, comprehensive income, stockholders’ equity and cash flows for the periods indicated. These Condensed Consolidated Financial Statements and notes, however, should be read in conjunction with Item 8 “Financial Statements and Supplementary Data” included in our Annual Report on Form 10-K for the fiscal year ended June 30, 2022. The Condensed Consolidated Financial Statements include the accounts of KLA and its majority-owned subsidiaries. All significant intercompany balances and transactions have been eliminated. The results of operations for the three months ended September 30, 2022 are not necessarily indicative of the results that may be expected for any other interim period or for the full fiscal year ending June 30, 2023. Management Estimates. The preparation of the Condensed Consolidated Financial Statements in conformity with GAAP requires management to make estimates and assumptions in applying our accounting policies that affect the reported amounts of assets and liabilities (and related disclosure of contingent assets and liabilities) at the date of the Condensed Consolidated Financial Statements and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from those estimates. Significant Accounting Policies. There have been no material changes to our significant accounting policies summarized in Note 1 “Description of Business and Summary of Significant Accounting Policies” to our Consolidated Financial Statements included in our Annual Report on Form 10-K for the fiscal year ended June 30, 2022. Recent Accounting Pronouncements Recently Adopted None Updates Not Yet Effective In October 2021, the Financial Accounting Standards Board issued Accounting Standards Update 2021-08, Business Combinations (Topic 805), Accounting for Contract Assets and Contract Liabilities from Contracts with Customers.

REVENUE

REVENUE	3 Months Ended
	Sep. 30, 2022
Revenue from Contract with Customer [Abstract]
REVENUE	REVENUE Contract Balances The following table represents the opening and closing balances of accounts receivable, net, contract assets and contract liabilities as of the indicated dates. As of As of (Dollar amounts in thousands) September 30, 2022 June 30, 2022 $ Change % Change Accounts receivable, net $ 1,857,320 $ 1,811,877 $ 45,443 3 % Contract assets $ 114,086 $ 114,747 $ (661) (1) % Contract liabilities $ 933,170 $ 1,007,324 $ (74,154) (7) % Our payment terms and conditions vary by contract type, although the terms generally include a requirement of payment of 70% to 90% of total contract consideration within 30 to 60 days of product shipment, with the remainder payable within 30 days of acceptance. The change in contract assets during the three months ended September 30, 2022 was mainly due to $49.6 million of contract assets reclassified to net accounts receivable as our right to consideration for these contract assets became unconditional, largely offset by $49.3 million of revenue recognized for which the payment is subject to conditions other than passage of time. Contract assets are included in other current assets on our Condensed Consolidated Balance Sheets. The change in contract liabilities during the three months ended September 30, 2022 was mainly due to the recognition in revenue of $489.5 million that was included in contract liabilities as of June 30, 2022, partially offset by an increase in the value of products and services billed to customers for which control of the products and services has not transferred to the customers. The change in contract liabilities during the three months ended September 30, 2021 was mainly due to an increase in the value of products and services billed to customers for which control of the products and services has not transferred to the customers, partially offset by the recognition in revenue of $303.0 million that was included in contract liabilities as of June 30, 2021. Contract liabilities are included in current and non-current liabilities on our Condensed Consolidated Balance Sheets. Remaining Performance Obligations As of September 30, 2022, we had $13.65 billion of remaining performance obligations, which represents our obligation to deliver products and services, and primarily consists of sales orders where written customer requests have been received. This amount excludes contract liabilities of $0.93 billion as described above. We expect to recognize approximately 45% to 55% of these performance obligations as revenue beyond the next 12 months, but this estimate is subject to constant change depending upon supply chain constraints, customer slot change requests and potential elevated demand levels, which could require even longer lead times. In October 2022, the U.S. government issued new regulations to control U.S. semiconductor and high-performance computing technology (including wafer fab equipment) and related support by U.S. persons to the People’s Republic of China (“China”). The regulations impose export license requirements effectively on all KLA products and services to customers located in China that fabricate certain advanced logic, NAND and DRAM integrated circuits (“IC”). KLA is also restricted from providing certain U.S. origin tools, software and technology to certain wafer fab equipment manufacturers and maskshops located in China, absent an export license. These regulations are complex, and we are working on assessing their potential impact. We are taking appropriate measures to comply with these regulations and are applying for export licenses, when required, to avoid disruption to our customers’ operations. While some export licenses have been obtained by us or our customers, there can be no assurance that export licenses applied for by either us or our customers will be granted.

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	3 Months Ended
	Sep. 30, 2022
Fair Value Disclosures [Abstract]
FAIR VALUE MEASUREMENTS	FAIR VALUE MEASUREMENTS Our financial assets and liabilities are measured and recorded at fair value, except for our debt and certain equity investments in privately held companies. Equity investments without a readily available fair value are accounted for using the measurement alternative. The measurement alternative is calculated as cost minus impairment, if any, plus or minus changes resulting from observable price changes. See Note 8 “Debt” to our Condensed Consolidated Financial Statements for disclosure of the fair value of our Senior Notes, as defined in that Note. Our non-financial assets, such as goodwill, intangible assets, and land, property and equipment, are assessed for impairment when an event or circumstance indicates that an other-than-temporary decline in value may have occurred. Fair Value of Financial Instruments. We have evaluated the estimated fair value of financial instruments using available market information and valuations as provided by third-party sources. The use of different market assumptions and/or estimation methodologies could have a significant effect on the estimated fair value amounts. The fair value of our cash equivalents, accounts receivable, accounts payable and other current assets and liabilities approximate their carrying amounts due to the relatively short maturity of these items. Fair Value Hierarchy. The authoritative guidance for fair value measurements establishes a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). The three levels of the fair value hierarchy are described below: Level 1 Valuations based on quoted prices in active markets for identical assets or liabilities that the entity has the ability to access. Level 2 Valuations based on quoted prices for similar assets or liabilities, quoted prices in markets that are not active, or other inputs that are observable or can be corroborated by observable data for substantially the full term of the assets or liabilities. Level 3 Valuations based on inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. A financial instrument’s level within the fair value hierarchy is based on the lowest level of any input that is significant to the fair value measurement. There were no transfers between Level 1, Level 2 and Level 3 fair value measurements during the three months ended September 30, 2022. The types of instruments valued based on quoted market prices in active markets include money market funds, certain U.S. Treasury securities, U.S. Government agency securities and equity securities. Such instruments are generally classified within Level 1 of the fair value hierarchy. The types of instruments valued based on other observable inputs include corporate debt securities, sovereign securities, municipal securities, and certain U.S. Treasury securities. The market inputs used to value these instruments generally consist of market yields, reported trades and broker/dealer quotes. Such instruments are generally classified within Level 2 of the fair value hierarchy. The principal market in which we execute our foreign currency contracts is the institutional market in an over-the-counter environment with a relatively high level of price transparency. The market participants generally are large financial institutions. Our foreign currency contracts’ valuation inputs are based on quoted prices and quoted pricing intervals from public data sources and do not involve management judgment. These contracts are typically classified within Level 2 of the fair value hierarchy. The fair values of deferred payments and contingent consideration payable, the majority of which were recorded in connection with business combinations, were classified as Level 3 and estimated using significant inputs that were not observable in the market. See Note 6 “Business Combinations and Dispositions” to our Condensed Consolidated Financial Statements for additional information. 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 September 30, 2022 (In thousands) Total (Level 1) (Level 2) (Level 3) Assets Cash equivalents: Money market funds and other $ 1,050,327 $ 1,050,327 $ — $ — U.S. Treasury securities 4,992 — 4,992 — Marketable securities: Corporate debt securities 465,354 — 465,354 — Municipal securities 48,971 — 48,971 — Sovereign securities 5,979 — 5,979 — U.S. Government agency securities 76,702 76,702 — — U.S. Treasury securities 427,226 408,477 18,749 — Equity securities 13,086 13,086 — — Total cash equivalents and marketable securities (1) 2,092,637 1,548,592 544,045 — Other current assets: Derivative assets 44,989 — 44,989 — Other non-current assets: Executive Deferred Savings Plan 213,824 167,944 45,880 — Total financial assets (1) $ 2,351,450 $ 1,716,536 $ 634,914 $ — Liabilities Derivative liabilities $ (43,087) $ — $ (43,087) $ — Deferred payments (2,425) — — (2,425) Contingent consideration payable (23,820) — — (23,820) Total financial liabilities $ (69,332) $ — $ (43,087) $ (26,245) ________________ (1) Excludes cash of $591.1 million held in operating accounts and time deposits of $269.8 million (of which $172.8 million were cash equivalents) as of September 30, 2022. 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, 2022 (In thousands) Total (Level 1) (Level 2) (Level 3) Assets Cash equivalents: Corporate debt securities $ 922 $ — $ 922 $ — Money market funds and other 948,027 948,027 — — U.S. Treasury securities 22,485 — 22,485 — Marketable securities: Corporate debt securities 472,047 — 472,047 — Municipal securities 60,724 — 60,724 — Sovereign securities 5,990 — 5,990 — U.S. Government agency securities 91,116 91,116 — — U.S. Treasury securities 348,026 344,559 3,467 — Equity securities 11,035 11,035 — — Total cash equivalents and marketable securities (1) 1,960,372 1,394,737 565,635 — Other current assets: Derivative assets 40,311 — 40,311 — Other non-current assets: Executive Deferred Savings Plan 224,188 176,928 47,260 — Total financial assets (1) $ 2,224,871 $ 1,571,665 $ 653,206 $ — Liabilities Derivative liabilities $ (34,315) $ — $ (34,315) $ — Deferred payments (2,350) — — (2,350) Contingent consideration payable (23,674) — — (23,674) Total financial liabilities $ (60,339) $ — $ (34,315) $ (26,024) ________________ (1) Excludes cash of $472.8 million held in operating accounts and time deposits of $274.9 million (of which $140.7 million were cash equivalents) as of June 30, 2022.

FINANCIAL STATEMENT COMPONENTS

FINANCIAL STATEMENT COMPONENTS	3 Months Ended
	Sep. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
FINANCIAL STATEMENT COMPONENTS	FINANCIAL STATEMENT COMPONENTS Condensed Consolidated Balance Sheets As of As of (In thousands) September 30, 2022 June 30, 2022 Accounts receivable, net: Accounts receivable, gross $ 1,884,328 $ 1,832,508 Allowance for credit losses (27,008) (20,631) $ 1,857,320 $ 1,811,877 Inventories: Customer service parts $ 422,983 $ 402,121 Raw materials 1,183,244 1,042,916 Work-in-process 527,359 451,782 Finished goods 274,739 250,070 $ 2,408,325 $ 2,146,889 Other current assets: Deferred costs of revenues $ 117,341 $ 124,487 Contract assets 114,086 114,747 Prepaid expenses 100,027 108,942 Prepaid income and other taxes 31,009 89,713 Other current assets 62,311 64,248 $ 424,774 $ 502,137 Land, property and equipment, net: Land $ 72,288 $ 67,846 Buildings and leasehold improvements 728,948 712,751 Machinery and equipment 805,466 819,191 Office furniture and fixtures 46,213 44,957 Construction-in-process 150,974 110,079 1,803,889 1,754,824 Less: accumulated depreciation (890,887) (904,895) $ 913,002 $ 849,929 Other non-current assets: Executive Deferred Savings Plan (1) $ 213,824 $ 224,188 Operating lease right of use assets 125,986 126,444 Other non-current assets 154,221 133,980 $ 494,031 $ 484,612 Other current liabilities: Customer credits and advances $ 579,767 $ 515,118 Compensation and benefits 441,671 351,924 Income taxes payable 278,400 126,964 Other accrued expenses 245,476 253,265 Executive Deferred Savings Plan (1) 215,193 225,867 Interest payable 65,140 39,683 Operating lease liabilities 30,701 32,218 $ 1,856,348 $ 1,545,039 Other non-current liabilities: Customer credits and advances $ 304,396 $ 204,914 Income taxes payable 300,461 367,052 Operating lease liabilities 79,789 81,369 Pension liabilities 73,426 78,525 Other non-current liabilities 123,700 150,782 $ 881,772 $ 882,642 ________________ (1) We have a non-qualified deferred compensation plan (known as “Executive Deferred Savings Plan” or “EDSP”) under which certain employees and non-employee directors may defer a portion of their compensation. The benefit associated with changes in the EDSP liability included in selling, general and administrative (“SG&A”) expense was $10.3 million and $1.0 million during the three months ended September 30, 2022 and 2021, respectively. The amount of net losses associated with changes in the EDSP assets included in SG&A expense was $10.3 million and $1.1 million during the three months ended September 30, 2022 and 2021, respectively. For additional details, refer to Note 1 “Description of Business and Summary of Significant Accounting Policies” to our Consolidated Financial Statements included in our Annual Report on Form 10-K for the fiscal year ended June 30, 2022. Accumulated Other Comprehensive Income (Loss) The components of Accumulated Other Comprehensive Income (Loss) (“AOCI”) as of the dates indicated below were as follows: (In thousands) Currency Translation Adjustments Unrealized Gains (Losses) on Available-for-Sale Securities Unrealized Gains (Losses) on Derivatives Unrealized Gains (Losses) on Defined Benefit Plans Total Balance as of September 30, 2022 $ (63,598) $ (20,816) $ 49,617 $ (24,044) $ (58,841) Balance as of June 30, 2022 $ (43,886) $ (15,486) $ 56,836 $ (24,935) $ (27,471) The effects on net income of amounts reclassified from AOCI to the Condensed Consolidated Statements of Operations for the indicated periods were as follows (in thousands; amounts in parentheses indicate debits or reductions to earnings): AOCI Components Three Months Ended September 30, Location in the Condensed Consolidated Statement of Operations 2022 2021 Unrealized gains (losses) on cash flow hedges from foreign exchange and interest rate contracts Revenues $ 14,605 $ 1,729 Costs of revenues and operating expenses (5,367) (232) Interest expense 937 (279) Net gains reclassified from AOCI $ 10,175 $ 1,218 Unrealized gains (losses) on available-for-sale securities Other expense (income), net $ (174) $ 1 The amount reclassified out of AOCI related to our defined benefit pension plans that was recognized as a component of net periodic cost for the three months ended September 30, 2022 and 2021 was $0.4 million in both periods. For additional details, refer to Note 13 “Employee Benefit Plans” to our Consolidated Financial Statements included in our Annual Report on Form 10-K for the fiscal year ended June 30, 2022.

MARKETABLE SECURITIES

MARKETABLE SECURITIES	3 Months Ended
	Sep. 30, 2022
Investments, Debt and Equity Securities [Abstract]
MARKETABLE SECURITIES	MARKETABLE SECURITIES The amortized cost and fair value of marketable securities as of the dates indicated below were as follows: As of September 30, 2022 (In thousands) Amortized Gross Gross Fair Corporate debt securities $ 476,396 $ 9 $ (11,051) $ 465,354 Money market funds and other 1,050,327 — — 1,050,327 Municipal securities 50,374 — (1,403) 48,971 Sovereign securities 6,034 — (55) 5,979 U.S. Government agency securities 78,138 17 (1,453) 76,702 U.S. Treasury securities 444,801 9 (12,592) 432,218 Equity securities (1) 3,211 9,875 — 13,086 Subtotal 2,109,281 9,910 (26,554) 2,092,637 Add: Time deposits (2) 269,755 — — 269,755 Less: Cash equivalents 1,228,151 1 — 1,228,152 Marketable securities $ 1,150,885 $ 9,909 $ (26,554) $ 1,134,240 As of June 30, 2022 (In thousands) Amortized Gross Gross Fair Corporate debt securities $ 481,881 $ 3 $ (8,915) $ 472,969 Money market funds and other 948,027 — — 948,027 Municipal securities 61,973 — (1,249) 60,724 Sovereign securities 6,041 2 (53) 5,990 U.S. Government agency securities 92,273 26 (1,183) 91,116 U.S. Treasury securities 378,871 18 (8,378) 370,511 Equity securities (1) 3,211 7,824 — 11,035 Subtotal 1,972,277 7,873 (19,778) 1,960,372 Add: Time deposits (2) 274,873 — — 274,873 Less: Cash equivalents 1,112,146 — (1) 1,112,145 Marketable securities $ 1,135,004 $ 7,873 $ (19,777) $ 1,123,100 ________________ (1) Unrealized gains on equity securities included in our portfolio include the initial fair value adjustment recorded upon a security becoming marketable. (2) Time deposits excluded from fair value measurements. Our investment portfolio includes both corporate and government securities that have a maximum maturity of three years. The longer the duration of these securities, the more susceptible they are to changes in market interest rates and bond yields. As yields increase, those securities with a lower yield-at-cost show a mark-to-market unrealized loss. Most of our unrealized losses are due to changes in market interest rates and bond yields. We believe that we have the ability to realize the full value of all these investments upon maturity. As of September 30, 2022, we had 536 investments in a gross unrealized loss position. The following table summarizes the fair value and gross unrealized losses of our investments that were in an unrealized loss position as of the dates indicated below. As of September 30, 2022 Less than 12 Months 12 Months or Greater Total (In thousands) Fair Value Gross Fair Value Gross Fair Value Gross Corporate debt securities $ 405,334 $ (9,419) $ 51,452 $ (1,632) $ 456,786 $ (11,051) Municipal securities 33,165 (857) 15,505 (546) 48,670 (1,403) Sovereign securities 4,019 (12) 1,960 (43) 5,979 (55) U.S. Government agency securities 25,363 (322) 29,225 (1,131) 54,588 (1,453) U.S. Treasury securities 310,815 (9,310) 107,359 (3,282) 418,174 (12,592) Total $ 778,696 $ (19,920) $ 205,501 $ (6,634) $ 984,197 $ (26,554) As of June 30, 2022 (In thousands) Fair Value (1) Gross Unrealized Losses (1) Corporate debt securities $ 458,699 $ (8,915) Municipal securities 58,722 (1,249) Sovereign securities 2,963 (53) U.S. Government agency securities 60,285 (1,183) U.S. Treasury securities 336,819 (8,378) Total $ 917,488 $ (19,778) ________________ (1) As of June 30, 2022, our investments that were in a continuous loss position of 12 months or more, as well as the unrealized losses on those investments, were immaterial. The contractual maturities of securities classified as available-for-sale, regardless of their classification on our Condensed Consolidated Balance Sheets, as of the date indicated below were as follows: As of September 30, 2022 (In thousands) Amortized Cost Fair Value Due within one year $ 601,307 $ 602,657 Due after one year through three years 549,578 531,583 Total $ 1,150,885 $ 1,134,240 Actual maturities may differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. Realized gains and losses on available-for-sale securities for the three months ended September 30, 2022 and 2021 were immaterial.

BUSINESS COMBINATIONS

BUSINESS COMBINATIONS	3 Months Ended
	Sep. 30, 2022
Business Combinations [Abstract]
BUSINESS COMBINATIONS	BUSINESS COMBINATIONS AND DISPOSITIONS Business Combinations On August 9, 2022, we acquired a privately held company, primarily to secure the supply of materials for existing products, for aggregate purchase consideration of $32.7 million, payable in cash. The purchase consideration was allocated as follows: $30.0 million to identifiable intangible assets, $2.3 million to net tangible assets, $6.5 million to deferred tax liabilities and $6.8 million to goodwill. The purchase consideration allocation is preliminary, and as additional information becomes available, we may further revise it during the remainder of the measurement period, which will not exceed 12 months from the closing of the acquisition. The goodwill was assigned to the Wafer Inspection and Patterning reporting unit. On May 1, 2022, we acquired the outstanding shares of a privately held company for total purchase consideration of $8.6 million, paid in cash. We allocated the purchase price to the tangible and identified intangible assets acquired and liabilities assumed based on their preliminary estimated fair values, and residual goodwill was allocated to the Wafer Inspection and Patterning reporting unit. On February 28, 2022, we completed the acquisition of 100% of the outstanding shares of ECI Technology, Inc. (“ECI”), a privately held company, for aggregate purchase consideration of $431.5 million, paid in cash, including a post-closing adjustment in the quarter ended September 30, 2022. KLA acquired ECI to extend and enhance our portfolio of products and services. The purchase consideration was allocated as follows: $208.4 million to identifiable intangible assets, $2.9 million to net tangible liabilities, $40.5 million to deferred tax liabilities, and $266.4 million to goodwill. The purchase consideration is preliminary, and as additional information becomes available, we may further revise it during the remainder of the measurement period, which will not exceed 12 months from the closing of the acquisition. The goodwill was assigned to the Wafer Inspection and Patterning reporting unit. We have included the financial results of the acquisitions in our Condensed Consolidated Financial Statements from their respective acquisition dates, and these results were not material to our Condensed Consolidated Financial Statements. The goodwill recorded as a result of the above acquisitions was not deductible for tax purposes. As of September 30, 2022, we had $23.8 million of contingent consideration recorded for the acquisitions completed during fiscal years ended June 30, 2022 and 2019, of which $17.1 million is classified as a current liability and $6.7 million as a non-current liability on the Condensed Consolidated Balance Sheet. Business Dispositions As of June 30, 2022, we owned approximately 94% of the outstanding equity interest in Orbograph Ltd. (“Orbograph”), a non-core business engaged in the development and marketing of character recognition solutions to banks, financial and other payment processing institutions and healthcare providers. On August 9, 2022, we acquired the non-controlling interest in Orbograph. On August 11, 2022, we sold our entire interest in Orbograph to a portfolio company of a private equity firm for total consideration of $110.0 million and net cash proceeds from the transaction of $75.4 million. We recognized a pre-tax gain from the sale of $29.7 million, which was recorded as part of other expense (income), net. Included in the sale were $26.5 million in tangible assets, $30.5 million in liabilities and $61.2 million in goodwill and intangible assets. For additional details of business combinations and assets held for sale, refer to Note 6 “Business Combinations and Dispositions” to our Consolidated Financial Statements included in our Annual Report on Form 10-K for the fiscal year ended June 30, 2022.

GOODWILL AND PURCHASED INTANGIB

GOODWILL AND PURCHASED INTANGIBLE ASSETS	3 Months Ended
	Sep. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
GOODWILL AND PURCHASED INTANGIBLE ASSETS	GOODWILL AND PURCHASED INTANGIBLE ASSETS Goodwill Goodwill represents the excess of the purchase price over the fair value of the net tangible and identifiable intangible assets acquired in business combinations. We have three reportable segments and five operating segments. The operating segments are determined to be the same as reporting units. For additional details, refer to Note 18 “Segment Reporting and Geographic Information” to our Condensed Consolidated Financial Statements. The following table presents changes in goodwill carrying value during the three months ended September 30, 2022: (In thousands) Wafer Inspection and Patterning Global Service and Support ( “ GSS ” ) Specialty Semiconductor Process PCB and Display Component Inspection Total Balance as of June 30, 2022 $ 725,737 $ 25,908 $ 681,858 $ 872,971 $ 13,575 $ 2,320,049 Acquired goodwill 6,776 — — — — 6,776 Goodwill disposal from sale of business (1) — — — (42,622) — (42,622) Goodwill adjustments (5,337) — — — — (5,337) Foreign currency adjustments (39) — — — — (39) Balance as of September 30, 2022 $ 727,137 $ 25,908 $ 681,858 $ 830,349 $ 13,575 $ 2,278,827 (1) Refer to the “Business Dispositions” section of Note 6 “Business Combinations and Dispositions” for more information on the sale of Orbograph. Goodwill is not subject to amortization but is tested for impairment annually during the third fiscal quarter, as well as whenever events or changes in circumstances indicate that the carrying value may not be recoverable. As of September 30, 2022, there have been no significant events or circumstances affecting the valuation of goodwill subsequent to the annual assessment performed in the third quarter of the fiscal year ended June 30, 2022. There was no goodwill impairment as a result of that assessment. For additional details, refer to Note 7, “Goodwill and Purchased Intangible Assets” to our Consolidated Financial Statements included in the Company’s Annual Report on Form 10-K for the fiscal year ended June 30, 2022. Purchased Intangible Assets The components of purchased intangible assets as of the dates indicated below were as follows: (In thousands) As of September 30, 2022 As of June 30, 2022 Category Range of Useful Lives (in years) Gross Accumulated Net Gross Accumulated Net Existing technology 4-8 $ 1,536,826 $ 705,476 $ 831,350 $ 1,523,691 $ 668,175 $ 855,516 Customer relationships 4-9 358,567 175,260 183,307 366,567 167,819 198,748 Trade name / Trademark 4-7 116,583 67,487 49,096 121,083 68,194 52,889 Order backlog and other <1-9 85,836 64,248 21,588 87,836 58,970 28,866 Intangible assets subject to amortization (1) 2,097,812 1,012,471 1,085,341 2,099,177 963,158 1,136,019 In-process research and development 61,322 15,218 46,104 64,457 6,062 58,395 Total $ 2,159,134 $ 1,027,689 $ 1,131,445 $ 2,163,634 $ 969,220 $ 1,194,414 (1) The disposition of Orbograph during the three months ended September 30, 2022, resulted in a decrease in the gross amount of intangible assets subject to amortization of $34.5 million, a decrease in accumulated amortization of $15.9 million, and a decrease in the net amount of $18.6 million. Refer to the “Business Dispositions” section of Note 6 “Business Combinations and Dispositions” for more information on the sale of Orbograph. Purchased intangible assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset or asset group may not be fully recoverable. Impairment indicators primarily include the declines in our operating cash flows from the use of these assets. If impairment indicators are present, we are required to perform a recoverability test by comparing the sum of the estimated undiscounted future cash flows attributable to these long-lived assets to their carrying value. During the three months ended September 30, 2022, there was an abandonment of an in-process research and development project that resulted in a write off of $9.2 million. As of September 30, 2022, there were no impairment indicators for purchased intangible assets. Amortization expense for purchased intangible assets for the periods indicated below was as follows: Three Months Ended September 30, (In thousands) 2022 2021 Amortization expense - Costs of revenues $ 45,066 $ 41,124 Amortization expense - SG&A 20,128 12,389 Amortization expense - Research and development 31 31 Total $ 65,225 $ 53,544 Based on the purchased intangible assets gross carrying amount recorded as of September 30, 2022, the remaining estimated annual amortization expense is expected to be as follows: Fiscal year ending June 30: Amortization (In thousands) 2023 (remaining nine months) $ 195,393 2024 238,575 2025 222,123 2026 206,211 2027 129,630 2028 and thereafter 93,409 Total $ 1,085,341

DEBT

DEBT	3 Months Ended
	Sep. 30, 2022
Debt Disclosure [Abstract]
DEBT	DEBT The following table summarizes our debt as of September 30, 2022 and June 30, 2022: As of September 30, 2022 As of June 30, 2022 Amount Effective Amount Effective Fixed-rate 4.650% Senior Notes due on November 1, 2024 $ 750,000 4.682 % $ 1,250,000 4.682 % Fixed-rate 5.650% Senior Notes due on November 1, 2034 250,000 5.670 % 250,000 5.670 % Fixed-rate 4.100% Senior Notes due on March 15, 2029 800,000 4.159 % 800,000 4.159 % Fixed-rate 5.000% Senior Notes due on March 15, 2049 400,000 5.047 % 400,000 5.047 % Fixed-rate 3.300% Senior Notes due on March 1, 2050 750,000 3.302 % 750,000 3.302 % Fixed-rate 4.650% Senior Notes due on July 15, 2032 1,000,000 4.657 % 1,000,000 4.657 % Fixed-rate 4.950% Senior Notes due on July 15, 2052 1,200,000 5.009 % 1,200,000 5.009 % Fixed-rate 5.250% Senior Notes due on July 15, 2062 800,000 5.259 % 800,000 5.259 % Revolving Credit Facility 425,000 4.409 % 275,000 2.258 % Total 6,375,000 6,725,000 Unamortized discount/premium, net (18,720) (19,304) Unamortized debt issuance costs (43,531) (44,978) Total $ 6,312,749 $ 6,660,718 Reported as: Long-term debt $ 6,312,749 $ 6,660,718 Total $ 6,312,749 $ 6,660,718 Senior Notes and Debt Redemption In June 2022, we issued $3.00 billion aggregate principal amount of senior, unsecured notes (the “2022 Senior Notes”) as follows: $1.00 billion of 4.650% senior, unsecured notes due July 15, 2032; $1.20 billion of 4.950% senior, unsecured notes due July 15, 2052; and $800.0 million of 5.250% senior, unsecured notes due July 15, 2062. A portion of the net proceeds of the 2022 Senior Notes was used to complete a tender offer in July 2022 for $500.0 million of our Senior Notes due November 1, 2024 including associated redemption premiums, accrued interest and other fees and expenses. The transaction resulted in pre-tax net loss on extinguishment of debt of $13.3 million for the three months ended September 30, 2022. The remainder of the net proceeds were used for share repurchases and for general corporate purposes. Prior to June 2022, the following aggregate principal amounts of senior, unsecured long-term notes were issued in the following periods: $750.0 million in February 2020 (the “2020 Senior Notes”), $1.20 billion in March 2019 (the “2019 Senior Notes”) and $2.50 billion in November 2014 (the “2014 Senior Notes”). These along with the 2022 Senior Notes are collectively referred to as the “Senior Notes.” The original discounts on the Senior Notes are being amortized over the life of the debt. Interest is payable as follows: semi-annually on January 15 and July 15 of each year for the 2022 Senior Notes; semi-annually on March 1 and September 1 of each year for the 2020 Senior Notes; semi-annually on March 15 and September 15 of each year for the 2019 Senior Notes; and semi-annually on May 1 and November 1 of each year for the 2014 Senior Notes. The relevant indentures for the Senior Notes (collectively, the “Indenture”) include covenants that limit our ability to grant liens on our facilities and enter into sale and leaseback transactions. In certain circumstances involving a change of control followed by a downgrade of the rating of a series of Senior Notes by at least two of Moody’s Investors Service, S&P Global Ratings and Fitch Inc., unless we have exercised our rights to redeem the Senior Notes of such series, we will be required to make an offer to repurchase all or, at the holder’s option, any part, of each holder’s Senior Notes of that series pursuant to the offer described below (the “Change of Control Offer”). In the Change of Control Offer, we will be required to offer payment in cash equal to 101% of the aggregate principal amount of Senior Notes repurchased plus accrued and unpaid interest, if any, on the Senior Notes repurchased, up to, but not including, the date of repurchase. Based on the trading prices of the Senior Notes on the applicable dates, the fair value of the Senior Notes as of September 30, 2022 and June 30, 2022 was $5.44 billion and $6.39 billion, respectively. While the Senior Notes are recorded at cost, the fair value of the long-term debt was determined based on quoted prices in markets that are not active; accordingly, the long-term debt is categorized as Level 2 for purposes of the fair value measurement hierarchy. As of September 30, 2022, we were in compliance with all of our covenants under the Indenture associated with the Senior Notes. Revolving Credit Facility As of March 31, 2022, we had in place a Credit Agreement (“Prior Credit Agreement”) providing for a $1.00 billion five-year unsecured Revolving Credit Facility with a maturity date of November 30, 2023 (“Prior Revolving Credit Facility”). In the fourth quarter of fiscal 2022, we replaced the Prior Credit Agreement and Prior Revolving Credit Facility with a renegotiated Credit Facility (“Credit Agreement”) and renegotiated unsecured Revolving Credit Facility (“Revolving Credit Facility”) having a maturity date of June 8, 2027 that allows us to borrow up to $1.50 billion. Subject to the terms of the Credit Agreement, the Revolving Credit Facility may be increased by an amount up to $250.0 million in the aggregate. During the quarter ended September 30, 2022, we borrowed $300.0 million from the Revolving Credit Facility and repaid $150.0 million, leaving $425.0 million aggregate principal amount of borrowings outstanding at September 30, 2022. We may borrow, repay and reborrow funds under the Revolving Credit Facility until the maturity date, at which time we may exercise two one-year extension options with the consent of the lenders. We may prepay outstanding borrowings under the Revolving Credit Facility at any time without a prepayment penalty. Borrowings under the Revolving Credit Facility can be made as Term Secured Overnight Financing Rate (“SOFR”) Loans or Alternate Base Rate (“ABR”) Loans, at the Company’s option. In the event that Term SOFR is unavailable, any Term SOFR elections will be converted to Daily Simple SOFR, as long as it is available. Each Term SOFR Loan will bear interest at a rate per annum equal to the applicable Adjusted Term SOFR rate, which is equal to the applicable Term SOFR rate plus 10 bps that shall not be less than zero, plus a spread ranging from 75 bps to 125 bps , as determined by the Company’s credit ratings at the time. Each ABR Loan will bear interest at a rate per annum equal to the ABR plus a spread ranging from 0 bps to 25 bps , as determined by the Company’s credit ratings at the time. We are also obligated to pay an annual commitment fee on the daily undrawn balance of the Revolving Credit Facility, which ranges from 4.5 bps to 12.5 bps , subject to an adjustment in conjunction with changes to our credit rating. The applicable interest rates and commitment fees are also subject to adjustment based on the Company’s performance against certain environmental sustainability key performance indicators related to greenhouse gas emissions and renewable electricity usage. As of September 30, 2022, the all-in interest rate of the $425.0 million outstanding Term SOFR loans reflected the applicable Adjusted Term SOFR rate plus a spread of 100 bps and the applicable commitment fee on the daily undrawn balance of the Revolving Credit Facility was 9 bps. Under the Credit Agreement, the maximum leverage ratio on a quarterly basis is 3.50 to 1.00, covering the trailing four consecutive fiscal quarters for each fiscal quarter, which can be increased to 4.00 to 1.00 for a period of time in connection with a material acquisition or a series of material acquisitions. As of September 30, 2022, our maximum allowed leverage ratio was 3.50 to 1 .00. We were in compliance with all covenants under the Credit Agreement as of September 30, 2022. For additional details, refer to Note 8 “Debt” to our Consolidated Financial Statements included in our Annual Report on Form 10-K for the fiscal year ended June 30, 2022.

LEASES

LEASES	3 Months Ended
	Sep. 30, 2022
Leases [Abstract]
LEASES	LEASES We have operating leases for facilities, vehicles and other equipment. Our facility leases are primarily used for administrative functions, research and development (“R&D”), manufacturing, and storage and distribution. Our finance leases are not material. Our existing leases do not contain significant restrictive provisions or residual value guarantees; however, certain leases contain provisions for the payment of maintenance, real estate taxes or insurance costs by us. Our leases have remaining lease terms ranging from less than one year to 15 years, including periods covered by options to extend the lease when it is reasonably certain that the option will be exercised. Lease expense was $9.4 million and $9.1 million for the three months ended September 30, 2022 and 2021, respectively. Expense related to short-term leases, which are not recorded on the Condensed Consolidated Balance Sheets, was not material for the three months ended September 30, 2022 and 2021. As of September 30, 2022 and June 30, 2022, the weighted-average remaining lease term was 4.8 years for both periods, and the weighted-average discount rate for operating leases was 2.30% and 2.18%, respectively. Supplemental cash flow information related to leases was as follows: Three Months Ended September 30, In thousands 2022 2021 Operating cash outflows from operating leases $ 9,627 $ 9,485 Right of use assets obtained in exchange for new operating lease liabilities $ 9,220 $ 5,955 Maturities of lease liabilities as of September 30, 2022 were as follows: Fiscal Year Ending June 30: (In thousands) 2023 (remaining nine months) $ 25,807 2024 27,028 2025 21,023 2026 16,200 2027 11,987 2028 and thereafter 15,499 Total lease payments 117,544 Less imputed interest (7,054) Total $ 110,490

EQUITY, LONG-TERM INCENTIVE COM

EQUITY, LONG-TERM INCENTIVE COMPENSATION PLANS AND NON-CONTROLLING INTEREST	3 Months Ended
	Sep. 30, 2022
Share-Based Payment Arrangement [Abstract]
EQUITY, LONG-TERM INCENTIVE COMPENSATION PLANS AND NON-CONTROLLING INTEREST	EQUITY, LONG-TERM INCENTIVE COMPENSATION PLANS AND NON-CONTROLLING INTEREST Equity Incentive Program As of September 30, 2022, 8.4 million shares remained available for issuance under our 2004 Equity Incentive Plan (the “2004 Plan”). For details of the 2004 Plan refer to Note 10 “Equity, Long-Term Incentive Compensation Plans and Non-Controlling Interest” to our Consolidated Financial Statements included in our Annual Report on Form 10-K for the fiscal year ended June 30, 2022. Assumed Equity Plans As part of the acquisition of Orbotech Ltd. (“Orbotech”) in February 2019, we assumed outstanding equity incentive awards under the following Orbotech equity incentive plans: (i) Equity Remuneration Plan for Key Employees of Orbotech and its Affiliates and Subsidiaries (as Amended and Restated in 2005), (ii) 2010 Equity-Based Incentive Plan, and (iii) 2015 Equity-Based Incentive Plan (the “Assumed Equity Plans”). As of September 30, 2022, there were 19,947 shares of our common stock underlying the outstanding assumed restricted stock units (“RSUs”) under the Assumed Equity Plans. For details on the Assumed Equity Plans, refer to Note 10 “Equity, Long-Term Incentive Compensation Plans and Non-Controlling Interest” to our Consolidated Financial Statements included in our Annual Report on Form 10-K for the fiscal year ended June 30, 2022. Equity Incentive Plans - General Information The following table summarizes the combined activity under our equity incentive plans: (In thousands) Available For Grant (1) (2) Balance as of June 30, 2022 9,242 RSUs granted (3) (883) RSUs canceled 66 Balance as of September 30, 2022 8,425 __________________ (1) The number of RSUs reflects the application of the award multiplier of 2.0x to calculate the impact of the award on the shares reserved under the 2004 Plan. (2) No additional stock options, RSUs or other awards will be granted under the Assumed Equity Plans. (3) Includes RSUs granted to senior management during the three months ended September 30, 2022 with performance-based vesting criteria (in addition to service-based vesting criteria for any of such RSUs that are deemed to have been earned) (“performance-based RSUs”). This line item includes all such performance-based RSUs granted during the three months ended September 30, 2022 reported at the maximum possible number of shares that may ultimately be issuable if all applicable performance-based criteria are achieved at their maximum levels and all applicable service-based criteria are fully satisfied (0.6 million shares for the three months ended September 30, 2022 reflects the application of the multiplier described above). The fair value of stock-based awards is measured at the grant date and is recognized as an expense over the employee’s requisite service period. For RSUs granted without “dividend equivalent” rights, fair value is calculated using the closing price of our common stock on the grant date, adjusted to exclude the present value of dividends which are not accrued on those RSUs. The fair value for RSUs granted with “dividend equivalent” rights is determined using the closing price of our common stock on the grant date. Compensation expense for RSUs with performance-based metrics is calculated based upon expected achievement of the metrics specified in the grant, or when a grant contains a market condition, the grant date fair value using a Monte Carlo simulation. The following table shows stock-based compensation expense for the indicated periods: Three Months Ended September 30, (In thousands) 2022 2021 Stock-based compensation expense by: Costs of revenues $ 5,589 $ 3,838 R&D 8,356 4,694 SG&A 21,037 16,684 Total stock-based compensation expense $ 34,982 $ 25,216 Stock-based compensation capitalized as inventory as of September 30, 2022 and June 30, 2022 was $9.7 million and $8.6 million, respectively. Restricted Stock Units The following table shows the activity and weighted-average grant date fair values for RSUs during the three months ended September 30, 2022: Shares (1) (In thousands) Weighted-Average Outstanding RSUs as of June 30, 2022 (2) 1,593 $ 218.03 Granted (3) 441 $ 397.40 Vested and released (171) $ 159.44 Withheld for taxes (141) $ 159.44 Forfeited (34) $ 139.31 Outstanding RSUs as of September 30, 2022 (2) 1,688 $ 277.30 __________________ (1) Share numbers reflect actual shares subject to awarded RSUs. (2) Includes performance-based RSUs. (3) This line item includes performance-based RSUs granted during the three months ended September 30, 2022 reported at the maximum possible number of shares that may ultimately be issuable if all applicable performance-based criteria are achieved at their maximum levels and all applicable service-based criteria are fully satisfied (0.3 million shares for the three months ended September 30, 2022). The RSUs granted by us generally vest as follows: with respect to awards with only service-based vesting criteria, over periods ranging from two three The following table shows the weighted-average grant date fair value per unit for the RSUs granted, vested, and tax benefits realized by us in connection with vested and released RSUs for the indicated periods : Three Months Ended September 30, (In thousands, except for weighted-average grant date fair value) 2022 2021 Weighted-average grant date fair value per unit $ 397.40 $ 353.71 Grant date fair value of vested RSUs $ 49,906 $ 36,740 Tax benefits realized by us in connection with vested and released RSUs $ 10,543 $ 9,008 As of September 30, 2022, the unrecognized stock-based compensation expense balance related to RSUs was $342.8 million, excluding the impact of estimated forfeitures, and will be recognized over a weighted-average remaining contractual term and an estimated weighted-average amortization period of 1.7 years. The intrinsic value of outstanding RSUs as of September 30, 2022 was $510.8 million. Cash-Based Long-Term Incentive Compensation We have adopted a cash-based long-term incentive (“Cash LTI”) program (“Cash LTI Plan”) for many of our employees as part of our employee compensation program. Executives and non-employee members of the Board of Directors do not participate in the Cash LTI Plan. During the three months ended September 30, 2022 and 2021, we approved Cash LTI awards of $0.1 million and $6.6 million, respectively. Cash LTI awards issued to employees under the Cash LTI Plan will vest in three or four equal installments, with one-third or one-fourth of the aggregate amount of the Cash LTI award vesting on each anniversary of the grant date over a three Employee Stock Purchase Plan Our Employee Stock Purchase Plan (“ESPP”) provides that eligible employees may contribute up to 15% of their eligible earnings toward the semi-annual purchase of our common stock. The ESPP is qualified under Section 423 of the Internal Revenue Code. The employee’s purchase price is derived from a formula based on the closing price of the common stock on the first day of the offering period versus the closing price on the date of purchase (or, if not a trading day, on the immediately preceding trading day). The offering period (or length of the look-back period) under the ESPP has a duration of six months, and the purchase price with respect to each offering period, until otherwise amended, is equal to 85% of the lesser of (i) the fair market value of our common stock at the commencement of the applicable six-month offering period or (ii) the fair market value of our common stock on the purchase date. We estimate the fair value of purchase rights under the ESPP using a Black-Scholes model. The fair value of each purchase right under the ESPP was estimated on the date of grant using the Black-Scholes model and the straight-line attribution approach with the following weighted-average assumptions: Three Months Ended September 30, 2022 2021 Stock purchase plan: Expected stock price volatility 41.6 % 34.9 % Risk-free interest rate 1.1 % 0.1 % Dividend yield 1.8 % 1.4 % Expected life (in years) 0.5 0.5 The following table shows total cash received from employees for the issuance of shares under the ESPP, the number of shares purchased by employees through the ESPP, the tax benefits realized by us in connection with the disqualifying dispositions of shares purchased under the ESPP and the weighted-average fair value per share for the indicated periods: (In thousands, except for weighted-average fair value per share) Three Months Ended September 30, 2022 2021 Number of shares purchased by employees through the ESPP — — Tax benefits realized by us in connection with the disqualifying dispositions of shares purchased under the ESPP $ 562 $ 967 Weighted-average fair value per share based on Black-Scholes model $ 73.31 $ 71.82 The ESPP shares are replenished annually on the first day of each fiscal year by virtue of an evergreen provision. The provision allows for share replenishment equal to the lesser of 2.0 million shares or the number of shares which we estimate will be required to be issued under the ESPP during the forthcoming fiscal year. As of September 30, 2022, a total of 2.2 million shares were reserved and available for issuance under the ESPP. Quarterly Cash Dividends On September 1, 2022, we paid a quarterly cash dividend of $1.30 per share to stockholders of record as of the close of business on August 15, 2022. The total amount of regular quarterly cash dividends and dividend equivalents paid during the three months ended September 30, 2022 and 2021 was $188.0 million and $162.8 million, respectively. The amount of accrued dividend equivalents payable for regular quarterly cash dividends on unvested RSUs with dividend equivalent rights as of September 30, 2022 and June 30, 2022 was $9.4 million and $11.2 million, respectively. These amounts will be paid upon vesting of the underlying RSUs. Non-Controlling Interest

STOCK REPURCHASE PROGRAM

STOCK REPURCHASE PROGRAM	3 Months Ended
	Sep. 30, 2022
Equity [Abstract]
STOCK REPURCHASE PROGRAM	STOCK REPURCHASE PROGRAM Our Board of Directors has authorized a program that permits us to repurchase our common stock, including increases in the authorized repurchase amount of $2.00 billion in the first quarter of fiscal 2022 and $6.00 billion in the fourth quarter of fiscal 2022. The stock repurchase program has no expiration date and may be suspended at any time. The intent of the program is, in part, to mitigate the potential dilutive impact related to our equity incentive plans and shares issued in connection with our ESPP as well as to return excess cash to our stockholders. Any and all share repurchase transactions are subject to market conditions and applicable legal requirements. On June 23, 2022, the Company executed accelerated share repurchase agreements (“ASR Agreements”) with two financial institutions to repurchase shares of our common stock in exchange for an upfront payment of $3.00 billion. The Company received initial deliveries totaling approximately 6.5 million shares in the fourth quarter of fiscal 2022, which represented 70% of the prepayment amount at the then prevailing market price of the Company’s shares of stock. The value of the shares yet to be delivered to the Company for the remainder of the upfront payment of $0.90 billion was recorded as an unsettled forward contract, classified within stockholders’ equity. The delivery of any remaining shares would occur at the final settlement of the transactions under the ASR Agreements, which is scheduled for the second quarter of fiscal 2023. The total number of shares received under the ASR Agreements will be based on the volume-weighted average prices of the Company’s stock during the term of the ASR Agreements, less an agreed-upon discount and subject to adjustments pursuant to the terms and conditions of the ASR Agreements. No shares were returned to us under the ASR Agreements in the quarter ended September 30, 2022. Under the authoritative guidance, share repurchases are recognized as a reduction to retained earnings to the extent available, with any excess recognized as a reduction of capital in excess of par value. As of September 30, 2022, an aggregate of $3.14 billion was available for repurchase under the stock repurchase program. Share repurchases for the indicated periods (based on the trade date of the applicable repurchase) were as follows: Three Months Ended September 30, (In thousands) 2022 2021 Number of shares of common stock repurchased 257 1,190 Total cost of repurchases $ 89,616 $ 399,677

NET INCOME PER SHARE

NET INCOME PER SHARE	3 Months Ended
	Sep. 30, 2022
Earnings Per Share [Abstract]
NET INCOME PER SHARE	NET INCOME PER SHAREBasic net income per share is calculated by dividing net income available to common stockholders by the weighted-average number of common shares outstanding during the period. Diluted net income per share is calculated by using the weighted-average number of common shares outstanding during the period, increased to include the number of additional shares of common stock that would have been outstanding if the shares of common stock underlying our outstanding dilutive RSUs had been issued. The dilutive effect of outstanding RSUs is reflected in diluted net income per share by application of the treasury stock method. The following table sets forth the computation of basic and diluted net income per share attributable to KLA: (In thousands, except per share amounts) Three Months Ended September 30, 2022 2021 Numerator: Net income attributable to KLA $ 1,025,991 $ 1,068,417 Denominator: Weighted-average shares - basic, excluding unvested RSUs 141,829 152,330 Effect of dilutive RSUs and options 734 1,080 Weighted-average shares - diluted 142,563 153,410 Basic net income per share attributable to KLA $ 7.23 $ 7.01 Diluted net income per share attributable to KLA $ 7.20 $ 6.96 Anti-dilutive securities excluded from the computation of diluted net income per share 205 135

INCOME TAXES

INCOME TAXES	3 Months Ended
	Sep. 30, 2022
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES The following table provides details of income taxes: Three Months Ended September 30, (Dollar amounts in thousands) 2022 2021 Income before income taxes $ 1,070,028 $ 766,348 Provision (benefit) for income taxes $ 43,963 $ (302,137) Effective tax rate 4.1 % (39.4) % Our effective tax rate is lower than the U.S. federal statutory rate during the three months ended September 30, 2022 primarily due to a non-recurring tax benefit resulting from a decrease in our unrecognized tax benefits from the settlement of income tax examinations and a decrease in our deferred tax liabilities on unremitted earnings and unrealized gains. In the normal course of business, we are subject to examination by tax authorities throughout the world. We are subject to U.S. federal income tax examinations for all years beginning from the fiscal year ended June 30, 2018 and are under United States income tax examination for the fiscal years ended June 30, 2018, June 30, 2019 and June 30, 2020. We are subject to state income tax examinations for all years beginning from the fiscal year ended June 30, 2018. We are also subject to examinations in other major foreign jurisdictions, including Singapore and Israel, for all years beginning from the calendar year ended December 31, 2013. We are under audit in Germany related to Orbotech for the calendar years ended December 31, 2013 to December 31, 2015. It is possible that certain examinations may be concluded in the next 12 months. The timing and resolution of income tax examinations is uncertain. Given the uncertainty around the timing of the resolution of these ongoing examinations, we are unable to estimate the full range of possible adjustments to our unrecognized tax benefits within the next 12 months. In August 2022, Orbotech executed a settlement agreement with the Israel Tax Authority (“ITA”) in resolution of tax examinations for fiscal years 2012 through 2014 and 2015 through 2018. The settlement agreement included a payment of approximately $25.7 million, including interest, to the ITA. Approximately $5.7 million of this payment may be refunded if and when the Israel Innovation Authority agrees to the amount of R&D expenses eligible for deduction during the above referenced years. In addition, Orbotech agreed to make an election in the current year to pay $16.2 million to the ITA related to previous “tax exempt” earnings under the historical Approved or Beneficial Enterprises regimes. The current year election to pay tax on the previous exempt earnings was made under the Temporary Order issued in the Israel Budget, which allows for a reduced tax rate on such earnings. Orbotech currently has no ongoing ITA examinations. Orbotech is subject to income tax examination in Israel for all years beginning from the calendar year ended December 31, 2019. Legislative Developments President Biden signed into law the CHIPS and Science Act of 2022 (“CHIPS Act,” where “CHIPS” stands for Creating Helpful Incentives to Produce Semiconductors) on August 9, 2022. The CHIPS Act provides for various incentives and tax credits among other items including the Advanced Manufacturing Investment Credit (“AMIC”) which equals 25% of qualified investments in an advanced manufacturing facility that is placed in service after December 31, 2022. President Biden also signed into law the Inflation Reduction Act of 2022 (“IRA”) on August 16, 2022. The IRA has several new provisions including a 15% corporate alternative minimum tax (“CAMT”) for certain large corporations that have at least an average of $1.0 billion of adjusted financial statement income over a consecutive three-tax-year period. The CAMT will be effective for us in the first quarter of our fiscal year ending June 30, 2024. The IRA also introduced a 1% excise tax imposed on certain stock repurchases by publicly traded companies made after December 31, 2022. We will record the excise tax as part of the cost basis of any treasury stock repurchased after December 31, 2022. We are currently evaluating the applicability and impact of the CHIPS Act and the IRA on our Condensed Consolidated Financial Statements including our future cash flows.

LITIGATION AND OTHER LEGAL MATT

LITIGATION AND OTHER LEGAL MATTERS	3 Months Ended
	Sep. 30, 2022
Loss Contingency, Information about Litigation Matters [Abstract]
LITIGATION AND OTHER LEGAL MATTERS	LITIGATION AND OTHER LEGAL MATTERSWe are named from time to time as a party to lawsuits and other types of legal proceedings and claims in the normal course of our business. Actions filed against us include commercial, intellectual property (“IP”), customer, and labor and employment related claims, including complaints of alleged wrongful termination and potential class action lawsuits regarding alleged violations of federal and state wage and hour and other laws. In general, legal proceedings and claims, regardless of their merit, and associated internal investigations (especially those relating to IP or confidential information disputes) are often expensive to prosecute, defend or conduct and may divert management’s attention and other Company resources. Moreover, the results of legal proceedings are difficult to predict, and the costs incurred in litigation can be substantial, regardless of outcome. We believe the amounts provided in our Condensed Consolidated Financial Statements are adequate in light of the probable and estimated liabilities. However, because such matters are subject to many uncertainties and the ultimate outcomes are not predictable, there can be no assurances that the actual amounts required to satisfy alleged liabilities from the matters described above will not exceed the amounts reflected in our Condensed Consolidated Financial Statements or will not have a material adverse effect on our results of operations, financial condition or cash flows.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	3 Months Ended
	Sep. 30, 2022
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	COMMITMENTS AND CONTINGENCIES Factoring. We have factoring agreements with financial institutions to sell certain of our trade receivables and promissory notes from customers without recourse. We do not believe we are at risk for any material losses as a result of these agreements. In addition, we periodically sell certain letters of credit (“LC”), without recourse, received from customers in payment for goods and services. The following table shows total receivables sold under factoring agreements and proceeds from sales of LC for the indicated periods: Three Months Ended September 30, (In thousands) 2022 2021 Receivables sold under factoring agreements $ 104,247 $ 67,118 Proceeds from sales of LC $ 24,651 $ 21,673 Factoring and LC fees for the sale of certain trade receivables were recorded in other expense (income), net and were not material for the periods presented. Purchase Commitments. We maintain commitments to purchase inventory from our suppliers as well as goods, services and other assets in the ordinary course of business. Our liability under these purchase commitments is generally restricted to a forecasted time-horizon as mutually agreed between the parties. This forecasted time-horizon can vary among different suppliers. Our estimate of our significant purchase commitments primarily for material, services, supplies and asset purchases is approximately $3.8 billion as of September 30, 2022, a majority of which are due within the next 12 months. Actual expenditures will vary based upon the volume of the transactions and length of contractual service provided. In addition, the amounts paid under these arrangements may be less in the event that the arrangements are renegotiated or canceled. Certain agreements provide for potential cancellation penalties. Cash LTI Plan. As of September 30, 2022, we have committed $188.8 million for future payment obligations under our Cash LTI Plan. The calculation of compensation expense related to the Cash LTI Plan includes estimated forfeiture rate assumptions. Cash LTI awards issued to employees under the Cash LTI Plan vest in three or four equal installments, with one- third or one-fourth of the aggregate amount of the Cash LTI award vesting on each anniversary of the grant date over a three Guarantees and Contingencies. We maintain guarantee arrangements available through various financial institutions for up to $93.0 million, of which $59.7 million had been issued as of September 30, 2022, primarily to fund guarantees to customs authorities for value-added tax and other operating requirements of our consolidated subsidiaries in Europe, Israel and Asia. Indemnification Obligations. Subject to certain limitations, we are obligated to indemnify our current and former directors, officers and employees with respect to certain litigation matters and investigations that arise in connection with their service to us. These obligations arise under the terms of our certificate of incorporation, our bylaws, applicable contracts, and Delaware and California law. The obligation to indemnify generally means that we are required to pay or reimburse the individuals’ reasonable legal expenses and possibly damages and other liabilities incurred by several of our current and former directors, officers and employees in connection with these matters. For example, we have paid or reimbursed legal expenses incurred in connection with the investigation of our historical stock option practices and the related litigation and government inquiries. Although the maximum potential amount of future payments we could be required to make under the indemnification obligations generally described in this paragraph is theoretically unlimited, we believe the fair value of this liability, to the extent estimable, is appropriately considered within the reserve we have established for currently pending legal proceedings. We are a party to a variety of agreements pursuant to which we may be obligated to indemnify the other party with respect to certain matters. Typically, these obligations arise in connection with contracts and license agreements or the sale of assets, under which we customarily agree to hold the other party harmless against losses arising therefrom, or provide customers with other remedies to protect against, bodily injury or damage to personal property caused by our products, non-compliance with our product performance specifications, infringement by our products of third-party IP rights and a breach of warranties, representations and covenants related to matters such as title to assets sold, validity of certain IP rights, non-infringement of third-party rights, and certain income tax-related matters. In each of these circumstances, payment by us is typically subject to the other party making a claim to and cooperating with us pursuant to the procedures specified in the particular contract. This usually allows us to challenge the other party’s claims or, in case of breach of IP representations or covenants, to control the defense or settlement of any third-party claims brought against the other party. Further, our obligations under these agreements may be limited in terms of amounts, activity (typically at our option to replace or correct the products or terminate the agreement with a refund to the other party), and duration. In some instances, we may have recourse against third parties and/or insurance covering certain payments made by us. In addition, we may in limited circumstances enter into agreements that contain customer-specific commitments on pricing, tool reliability, spare parts stocking levels, response time and other commitments. Furthermore, we may give these customers limited audit or inspection rights to enable them to confirm that we are complying with these commitments. If a customer elects to exercise its audit or inspection rights, we may be required to expend significant resources to support the audit or inspection, as well as to defend or settle any dispute with a customer that could potentially arise out of such audit or inspection. To date, we have made no significant accruals in our Condensed Consolidated Financial Statements for this contingency. While we have not in the past incurred significant expenses for resolving disputes regarding these types of commitments, we cannot make any assurance that we will not incur any such liabilities in the future. It is not possible to predict the maximum potential amount of future payments under these or similar agreements due to the conditional nature of our obligations and the unique facts and circumstances involved in each particular agreement. Historically, payments made by us under these agreements have not had a material effect on our business, financial condition, results of operations or cash flows.

DERIVATIVE INSTRUMENTS AND HEDG

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES	3 Months Ended
	Sep. 30, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES	DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES The authoritative guidance requires companies to recognize all derivative instruments, including foreign exchange contracts and rate lock agreements (collectively “derivatives”) as either assets or liabilities at fair value on the Condensed Consolidated Balance Sheets. In accordance with the accounting guidance, we designate foreign currency forward transactions and options contracts and interest rate forward transactions as cash flow hedges. In accordance with the accounting guidance, we also designate certain foreign currency exchange contracts as net investment hedge transactions intended to mitigate the variability of the value of certain investments in foreign subsidiaries. Our foreign subsidiaries operate and sell our products in various global markets. As a result, we are exposed to risks relating to changes in foreign currency exchange rates. We utilize foreign exchange contracts to hedge against future movements in foreign currency exchange rates that affect certain existing and forecasted foreign currency denominated sales and purchase transactions, such as the Japanese yen, the euro and the pound sterling. We routinely hedge our exposures to certain foreign currencies with various financial institutions in an effort to minimize the impact of certain currency exchange rate fluctuations. These foreign exchange contracts, designated as cash flow hedges, generally have maturities of less than 18 months. Cash flow hedges are evaluated for effectiveness monthly, based on changes in total fair value of the derivatives. If a financial counterparty to any of our hedging arrangements experiences financial difficulties or is otherwise unable to honor the terms of the foreign currency hedge, we may experience material losses. Since fiscal 2015, we have entered into four sets of forward contracts to hedge the benchmark interest rate on portions of our Senior Notes prior to issuance (“Rate Lock Agreements”). Upon issuance of the associated debt, the Rate Lock Agreements were settled and their fair values were recorded within AOCI. The resulting gains and losses from these transactions are amortized to interest expense over the lives of the associated debt. We recognized a net gain of $0.9 million in the three months ended September 30, 2022, for the amortization of the net of the Rate Lock Agreements that had been recognized in AOCI, which decreased the interest expense on a net basis. We recognized net expense of $0.3 million in the three months ended September 30, 2021, for the amortization of the net of the Rate Lock Agreements that had been recognized in AOCI, which increased the interest expense on a net basis. As of September 30, 2022, the aggregate unamortized portion of the fair value of the forward contracts for the Rate Lock Agreements was a $53.9 million net gain. For derivatives that are designated and qualify as cash flow hedges, the effective portion of the gains or losses is reported in AOCI and reclassified into earnings in the same period or periods during which the hedged transaction affects earnings. For derivative contracts executed after adopting the new accounting guidance in fiscal 2019, the election to include time value for the assessment of effectiveness is made on all forward contracts designated as cash flow hedges. The change in fair value of the derivative is recorded in AOCI until the hedged item is recognized in earnings. The assessment of effectiveness of options contracts designated as cash flow hedges exclude time value. The initial value of the component excluded from the assessment of effectiveness is recognized in earnings over the life of the derivative contract. Any difference between change in the fair value of the excluded components and the amounts recognized in earnings are recorded in AOCI. For derivatives that are designated and qualify as a net investment hedge in a foreign operation and that meet the effectiveness requirements, the net gains or losses attributable to changes in spot exchange rates are recorded in cumulative translation within AOCI. The remainder of the change in value of such instruments is recorded in earnings using the mark-to-market approach. Recognition in earnings of amounts previously recorded in cumulative translation is limited to circumstances such as complete or substantially complete liquidation or sale of the net investment in the hedged foreign operations. For derivatives that are not designated as hedges, gains and losses are recognized in other expense (income), net. We use foreign exchange contracts to hedge certain foreign currency denominated assets or liabilities. The gains and losses on these derivative instruments are largely offset by the changes in the fair value of the assets or liabilities being hedged. Derivatives in Hedging Relationships: Foreign Exchange Contracts and Rate Lock Agreements The gains (losses) on derivatives in cash flow and net investment hedging relationships recognized in other comprehensive income for the indicated periods were as follows: Three Months Ended September 30, (In thousands) 2022 2021 Derivatives Designated as Cash Flow Hedging Instruments: Rate lock agreements: Amounts included in the assessment of effectiveness $ 937 $ — Foreign exchange contracts: Amounts included in the assessment of effectiveness $ 816 $ 853 Amounts excluded from the assessment of effectiveness $ 15 $ (1) Derivatives Designated as Net Investment Hedging Instruments: Foreign exchange contracts (1) : $ 3,679 $ 650 __________________ (1) No amounts were reclassified from AOCI into earnings related to the sale of a subsidiary, as there were no such sales during the periods presented. The locations and amounts of designated and non-designated derivatives’ gains and losses reported in the Condensed Consolidated Statements of Operations for the indicated periods were as follows: Three Months Ended September 30, Three Months Ended September 30, 2022 2021 (In thousands) Revenues Costs of Revenues and Operating Expenses Interest Expense Other Expense (Income), Net Revenues Costs of Revenues and Operating Expenses Interest Expense Other Expense (Income), Net Total amounts presented in the Condensed Consolidated Statements of Operations in which the effects of cash flow hedges are recorded $ 2,724,424 $ 1,613,721 $ 74,395 $ (47,006) $ 2,083,838 $ 1,265,038 $ 38,312 $ 14,140 Gains (Losses) on Derivatives Designated as Hedging Instruments: Rate lock agreements: Amount of gains (losses) reclassified from AOCI to earnings $ — $ — $ 937 $ — $ — $ — $ (279) $ — Foreign exchange contracts: Amount of gains (losses) reclassified from AOCI to earnings $ 14,915 $ (5,367) $ — $ — $ 1,843 $ (232) $ — $ — Amount excluded from the assessment of effectiveness recognized in earnings $ (310) $ — $ — $ 455 $ (114) $ — $ — $ 657 Gains (Losses) on Derivatives Not Designated as Hedging Instruments: Amount of gains (losses) recognized in earnings $ — $ — $ — $ 14,374 $ — $ — $ — $ 1,069 The U.S. dollar equivalent of all outstanding notional amounts of foreign currency hedge contracts with maximum remaining maturities of approximately 11 months as of the dates indicated below, were as follows: As of As of (In thousands) September 30, 2022 June 30, 2022 Cash flow hedge contracts - foreign currency Purchase $ 122,528 $ 124,641 Sell $ 207,905 $ 176,259 Net investment hedge contracts - foreign currency Purchase $ 66,516 $ — Sell $ 66,436 $ 66,436 Other foreign currency hedge contracts Purchase $ 475,015 $ 565,586 Sell $ 435,525 $ 389,368 The locations and fair value of our derivatives reported in our Condensed Consolidated Balance Sheets as of the dates indicated below were as follows: Asset Derivatives Liability Derivatives Balance Sheet As of As of Balance Sheet As of As of Location September 30, 2022 June 30, 2022 Location September 30, 2022 June 30, 2022 (In thousands) Fair Value Fair Value Derivatives designated as hedging instruments Foreign exchange contracts Other current assets 21,176 20,595 Other current liabilities (12,989) 8,406 Total derivatives designated as hedging instruments 21,176 20,595 (12,989) 8,406 Derivatives not designated as hedging instruments Foreign exchange contracts Other current assets 23,813 19,716 Other current liabilities (30,098) 25,909 Total derivatives not designated as hedging instruments 23,813 19,716 (30,098) 25,909 Total derivatives $ 44,989 $ 40,311 $ (43,087) $ 34,315 The changes in AOCI, before taxes, related to derivatives for the indicated periods were as follows: Three Months Ended September 30, (In thousands) 2022 2021 Beginning AOCI $ 77,018 $ (25,830) Amount reclassified to earnings as net (gains) losses (10,175) (1,218) Net change in unrealized gains (losses) 5,447 1,502 Ending AOCI $ 72,290 $ (25,546) Offsetting of Derivative Assets and Liabilities We present derivatives at gross fair values in the Condensed Consolidated Balance Sheets. We have entered into arrangements with each of our counterparties, which reduce credit risk by permitting net settlement of transactions with the same counterparty under certain conditions. The information related to the offsetting arrangements for the periods indicated was as follows: As of September 30, 2022 Gross Amounts of Derivatives Not Offset in the Condensed Consolidated Balance Sheets (In thousands) Gross Amounts of Derivatives Gross Amounts of Derivatives Offset in the Condensed Consolidated Balance Sheets Net Amount of Derivatives Presented in the Condensed Consolidated Balance Sheets Financial Instruments Cash Collateral Received Net Amount Derivatives - assets $ 44,989 $ — $ 44,989 $ (27,133) $ — $ 17,856 Derivatives - liabilities $ (43,087) $ — $ (43,087) $ 27,133 $ — $ (15,954) As of June 30, 2022 Gross Amounts of Derivatives Not Offset in the Condensed Consolidated Balance Sheets (In thousands) Gross Amounts of Derivatives Gross Amounts of Derivatives Offset in the Condensed Consolidated Balance Sheets Net Amount of Derivatives Presented in the Condensed Consolidated Balance Sheets Financial Instruments Cash Collateral Received Net Amount Derivatives - assets $ 40,311 $ — $ 40,311 $ (12,291) $ — $ 28,020 Derivatives - liabilities $ (34,315) $ — $ (34,315) $ 12,291 $ — $ (22,024)

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	3 Months Ended
	Sep. 30, 2022
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	RELATED PARTY TRANSACTIONS During the three months ended September 30, 2022 and 2021, we purchased from, or sold to, several entities where one or more of our executive officers or members of our Board of Directors or their immediate family members were, during the periods presented, an executive officer or a board member of a subsidiary, including Citrix Systems, Inc., HP Inc., Keysight Technologies, Inc., Advanced Micro Devices, Inc. and Ansys, Inc. The following table provides the transactions with these parties for the indicated periods (for the portion of such period that they were considered related): Three Months Ended September 30, (In thousands) 2022 2021 Total revenues $ 757 $ 79 Total purchases $ 245 $ 359

SEGMENT REPORTING AND GEOGRAPHI

SEGMENT REPORTING AND GEOGRAPHIC INFORMATION	3 Months Ended
	Sep. 30, 2022
Segment Reporting [Abstract]
SEGMENT REPORTING AND GEOGRAPHIC INFORMATION	SEGMENT REPORTING AND GEOGRAPHIC INFORMATION ASC 280, Segment Reporting, establishes standards for reporting information about operating segments. Operating segments are defined as components of an enterprise about which separate financial information is evaluated regularly by the chief operating decision maker (“CODM”) in deciding how to allocate resources and in assessing performance. Our CODM is our Chief Executive Officer. We have three reportable segments: Semiconductor Process Control; Specialty Semiconductor Process; and Printed Circuit Board (“PCB”), Display and Component Inspection. The reportable segments are determined based on several factors including, but not limited to, customer base, homogeneity of products, technology, delivery channels and similar economic characteristics. Prior to July 1, 2022, we had a fourth segment, Other, but core assets were sold and there are no longer operations. Semiconductor Process Control The Semiconductor Process Control segment offers a comprehensive portfolio of inspection, metrology and data analytics products, and related services, which helps IC manufacturers achieve target yield throughout the entire semiconductor fabrication process, from R&D to final volume production. Our differentiated products and services are designed to provide comprehensive solutions that help our customers accelerate development and production ramp cycles, achieve higher and more stable semiconductor die yields and improve their overall profitability. This reportable segment is composed of two operating segments, Wafer Inspection and Patterning and GSS. Specialty Semiconductor Process The Specialty Semiconductor Manufacturing segment develops and sells advanced vacuum deposition and etching process tools, which are used by a broad range of specialty semiconductor customers, including manufacturers of microelectromechanical systems, radio frequency communication chips and power semiconductors for automotive and industrial applications. This reportable segment is composed of one operating segment. PCB, Display and Component Inspection The PCB, Display and Component Inspection segment enables electronic device manufacturers to inspect, test and measure PCBs, flat panel displays and ICs to verify their quality, pattern the desired electronic circuitry on the relevant substrate and perform three-dimensional shaping of metalized circuits on multiple surfaces. This segment also engages in the development and marketing of character recognition solutions to banks, financial and other payment processing institutions and healthcare providers. This reportable segment is composed of two operating segments, PCB and Display and Component Inspection. The CODM assesses the performance of each operating segment and allocates resources to those segments based on total revenues and segment gross profit and does not evaluate the segments using discrete asset information. Segment gross profit excludes corporate allocations and effects of changes in foreign currency exchange rates, amortization of intangible assets, amortization of inventory fair value adjustments, and transaction costs associated with our acquisitions related to costs of revenues. The following is a summary of results for each of our three reportable segments for the indicated periods: Three Months Ended September 30, (In thousands) 2022 2021 Semiconductor Process Control: Revenues $ 2,397,759 $ 1,779,083 Segment gross profit 1,576,982 1,161,929 Specialty Semiconductor Process: Revenues 127,867 102,029 Segment gross profit 67,040 54,721 PCB, Display and Component Inspection: Revenues 200,745 202,808 Segment gross profit 85,674 94,476 Totals: Revenues for reportable segments $ 2,726,371 $ 2,083,920 Segment gross profit $ 1,729,696 $ 1,311,126 The following table reconciles total revenues for reportable segments to total revenues for the indicated periods: Three Months Ended September 30, (In thousands) 2022 2021 Total revenues for reportable segments $ 2,726,371 $ 2,083,920 Corporate allocations and effects of changes in foreign currency exchange rates (1,947) (82) Total revenues $ 2,724,424 $ 2,083,838 The following table reconciles total segment gross profit to total income before income taxes for the indicated periods: Three Months Ended September 30, (In thousands) 2022 2021 Total segment gross profit $ 1,729,696 $ 1,311,126 Acquisition-related charges, corporate allocations, and effects of changes in foreign currency exchange rates (1) 46,498 40,912 R&D 318,515 258,153 SG&A 253,980 193,261 Interest expense 74,395 38,312 Loss on extinguishment of debt 13,286 — Other expense (income), net (47,006) 14,140 Income before income taxes $ 1,070,028 $ 766,348 __________________ (1) Acquisition-related charges primarily include amortization of intangible assets, amortization of inventory fair value adjustments and other acquisition-related costs classified or presented as part of costs of revenues. Our significant operations outside the United States include manufacturing facilities in China, Germany, Israel and Singapore and sales, marketing and service offices in Japan, the rest of the Asia Pacific region and Europe. For geographical revenue reporting, revenues are attributed to the geographic location in which the customer is located. Long-lived assets consist of land, property and equipment, net, and are attributed to the geographic region in which they are located. The following is a summary of revenues by geographic region, based on ship-to location, for the indicated periods: (Dollar amounts in thousands) Three Months Ended September 30, 2022 2021 Revenues: China $ 839,661 31 % $ 685,156 33 % Taiwan 748,334 27 % 627,084 30 % Korea 407,462 15 % 239,183 12 % North America 233,754 9 % 177,740 9 % Japan 217,709 8 % 175,167 8 % Europe and Israel 164,073 6 % 87,440 4 % Rest of Asia 113,431 4 % 92,068 4 % Total $ 2,724,424 100 % $ 2,083,838 100 % The following is a summary of revenues by major product categories for the indicated periods: (Dollar amounts in thousands) Three Months Ended September 30, 2022 2021 Revenues: Wafer Inspection $ 1,102,542 41 % $ 887,512 43 % Patterning 733,370 27 % 439,591 21 % Specialty Semiconductor Process 114,444 4 % 93,120 4 % PCB, Display and Component Inspection 134,443 5 % 137,887 7 % Services 528,815 19 % 453,950 22 % Other 110,810 4 % 71,778 3 % Total $ 2,724,424 100 % $ 2,083,838 100 % Wafer Inspection and Patterning products are offered in the Semiconductor Process Control segment. Services are offered in multiple segments. Other includes primarily refurbished systems, remanufactured legacy systems, and enhancements and upgrades for previous-generation products that are part of the Semiconductor Process Control segment. In the three months ended September 30, 2022, two customers accounted for approximately 20% and 11% of total revenues, respectively. In the three months ended September 30, 2021, one customer accounted for approximately 24% of total revenues. Two customers and one customer on an individual basis accounted for greater than 10% of net accounts receivable at September 30, 2022 and at June 30, 2022, respectively. Land, property and equipment, net by geographic region as of the dates indicated below were as follows: As of As of (In thousands) September 30, 2022 June 30, 2022 Land, property and equipment, net: United States $ 596,069 $ 547,454 Singapore 148,789 146,057 Israel 73,965 72,791 Europe 62,404 55,370 Rest of Asia 31,775 28,257 Total $ 913,002 $ 849,929

RESTRUCTURING CHARGES

RESTRUCTURING CHARGES	3 Months Ended
	Sep. 30, 2022
Restructuring and Related Activities [Abstract]
RESTRUCTURING CHARGES	RESTRUCTURING CHARGESFrom time to time, management approves restructuring plans including workforce reductions in an effort to streamline operations.Restructuring charges were $16.2 million and $0.5 million for the three months ended September 30, 2022 and 2021, respectively. The fiscal year 2023 charges include one-time transaction bonuses triggered by the sale of Orbograph. As of September 30, 2022 and June 30, 2022, the accrual for restructuring charges was $5.4 million and $2.1 million, respectively.

BASIS OF PRESENTATION (Policies

BASIS OF PRESENTATION (Policies)	3 Months Ended
	Sep. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation. For purposes of this report, “KLA,” the “Company,” “we,” “our,” “us” or similar references mean KLA Corporation and its majority-owned subsidiaries unless the context requires otherwise. The Condensed Consolidated Financial Statements have been prepared by us pursuant to the rules and regulations of the U.S. Securities and Exchange Commission. Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) have been condensed or omitted pursuant to such rules and regulations. The unaudited interim Condensed Consolidated Financial Statements do not include all of the information and footnotes required by GAAP for audited financial statements. The balance sheet as of June 30, 2022 was derived from the Company’s audited Consolidated Financial Statements included in our Annual Report on Form 10-K for the fiscal year ended June 30, 2022 but does not include all disclosures required by GAAP for audited financial statements. The unaudited interim Condensed Consolidated Financial Statements reflect all adjustments (consisting only of normal, recurring adjustments) necessary for a fair statement of the financial position, results of operations, comprehensive income, stockholders’ equity and cash flows for the periods indicated. These Condensed Consolidated Financial Statements and notes, however, should be read in conjunction with Item 8 “Financial Statements and Supplementary Data” included in our Annual Report on Form 10-K for the fiscal year ended June 30, 2022. The Condensed Consolidated Financial Statements include the accounts of KLA and its majority-owned subsidiaries. All significant intercompany balances and transactions have been eliminated. The results of operations for the three months ended September 30, 2022 are not necessarily indicative of the results that may be expected for any other interim period or for the full fiscal year ending June 30, 2023.
Management Estimates	Management Estimates. The preparation of the Condensed Consolidated Financial Statements in conformity with GAAP requires management to make estimates and assumptions in applying our accounting policies that affect the reported amounts of assets and liabilities (and related disclosure of contingent assets and liabilities) at the date of the Condensed Consolidated Financial Statements and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from those estimates.
Recent Accounting Pronouncements and Recently Adopted	Recent Accounting Pronouncements Recently Adopted None Updates Not Yet Effective In October 2021, the Financial Accounting Standards Board issued Accounting Standards Update 2021-08, Business Combinations (Topic 805), Accounting for Contract Assets and Contract Liabilities from Contracts with Customers.
Fair Value Measurements	Our financial assets and liabilities are measured and recorded at fair value, except for our debt and certain equity investments in privately held companies. Equity investments without a readily available fair value are accounted for using the measurement alternative. The measurement alternative is calculated as cost minus impairment, if any, plus or minus changes resulting from observable price changes. See Note 8 “Debt” to our Condensed Consolidated Financial Statements for disclosure of the fair value of our Senior Notes, as defined in that Note. Our non-financial assets, such as goodwill, intangible assets, and land, property and equipment, are assessed for impairment when an event or circumstance indicates that an other-than-temporary decline in value may have occurred.
Fair Value of Financial Instruments	Fair Value of Financial Instruments. We have evaluated the estimated fair value of financial instruments using available market information and valuations as provided by third-party sources. The use of different market assumptions and/or estimation methodologies could have a significant effect on the estimated fair value amounts. The fair value of our cash equivalents, accounts receivable, accounts payable and other current assets and liabilities approximate their carrying amounts due to the relatively short maturity of these items. Fair Value Hierarchy. The authoritative guidance for fair value measurements establishes a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). The three levels of the fair value hierarchy are described below: Level 1 Valuations based on quoted prices in active markets for identical assets or liabilities that the entity has the ability to access. Level 2 Valuations based on quoted prices for similar assets or liabilities, quoted prices in markets that are not active, or other inputs that are observable or can be corroborated by observable data for substantially the full term of the assets or liabilities. Level 3 Valuations based on inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. A financial instrument’s level within the fair value hierarchy is based on the lowest level of any input that is significant to the fair value measurement. There were no transfers between Level 1, Level 2 and Level 3 fair value measurements during the three months ended September 30, 2022. The types of instruments valued based on quoted market prices in active markets include money market funds, certain U.S. Treasury securities, U.S. Government agency securities and equity securities. Such instruments are generally classified within Level 1 of the fair value hierarchy. The types of instruments valued based on other observable inputs include corporate debt securities, sovereign securities, municipal securities, and certain U.S. Treasury securities. The market inputs used to value these instruments generally consist of market yields, reported trades and broker/dealer quotes. Such instruments are generally classified within Level 2 of the fair value hierarchy. The principal market in which we execute our foreign currency contracts is the institutional market in an over-the-counter environment with a relatively high level of price transparency. The market participants generally are large financial institutions. Our foreign currency contracts’ valuation inputs are based on quoted prices and quoted pricing intervals from public data sources and do not involve management judgment. These contracts are typically classified within Level 2 of the fair value hierarchy.

REVENUE (Tables)

REVENUE (Tables)	3 Months Ended
	Sep. 30, 2022
Revenue from Contract with Customer [Abstract]
Schedule of Contract Balances	The following table represents the opening and closing balances of accounts receivable, net, contract assets and contract liabilities as of the indicated dates. As of As of (Dollar amounts in thousands) September 30, 2022 June 30, 2022 $ Change % Change Accounts receivable, net $ 1,857,320 $ 1,811,877 $ 45,443 3 % Contract assets $ 114,086 $ 114,747 $ (661) (1) % Contract liabilities $ 933,170 $ 1,007,324 $ (74,154) (7) %

FAIR VALUE MEASUREMENTS (Tables

FAIR VALUE MEASUREMENTS (Tables)	3 Months Ended
	Sep. 30, 2022
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 September 30, 2022 (In thousands) Total (Level 1) (Level 2) (Level 3) Assets Cash equivalents: Money market funds and other $ 1,050,327 $ 1,050,327 $ — $ — U.S. Treasury securities 4,992 — 4,992 — Marketable securities: Corporate debt securities 465,354 — 465,354 — Municipal securities 48,971 — 48,971 — Sovereign securities 5,979 — 5,979 — U.S. Government agency securities 76,702 76,702 — — U.S. Treasury securities 427,226 408,477 18,749 — Equity securities 13,086 13,086 — — Total cash equivalents and marketable securities (1) 2,092,637 1,548,592 544,045 — Other current assets: Derivative assets 44,989 — 44,989 — Other non-current assets: Executive Deferred Savings Plan 213,824 167,944 45,880 — Total financial assets (1) $ 2,351,450 $ 1,716,536 $ 634,914 $ — Liabilities Derivative liabilities $ (43,087) $ — $ (43,087) $ — Deferred payments (2,425) — — (2,425) Contingent consideration payable (23,820) — — (23,820) Total financial liabilities $ (69,332) $ — $ (43,087) $ (26,245) ________________ (1) Excludes cash of $591.1 million held in operating accounts and time deposits of $269.8 million (of which $172.8 million were cash equivalents) as of September 30, 2022. 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, 2022 (In thousands) Total (Level 1) (Level 2) (Level 3) Assets Cash equivalents: Corporate debt securities $ 922 $ — $ 922 $ — Money market funds and other 948,027 948,027 — — U.S. Treasury securities 22,485 — 22,485 — Marketable securities: Corporate debt securities 472,047 — 472,047 — Municipal securities 60,724 — 60,724 — Sovereign securities 5,990 — 5,990 — U.S. Government agency securities 91,116 91,116 — — U.S. Treasury securities 348,026 344,559 3,467 — Equity securities 11,035 11,035 — — Total cash equivalents and marketable securities (1) 1,960,372 1,394,737 565,635 — Other current assets: Derivative assets 40,311 — 40,311 — Other non-current assets: Executive Deferred Savings Plan 224,188 176,928 47,260 — Total financial assets (1) $ 2,224,871 $ 1,571,665 $ 653,206 $ — Liabilities Derivative liabilities $ (34,315) $ — $ (34,315) $ — Deferred payments (2,350) — — (2,350) Contingent consideration payable (23,674) — — (23,674) Total financial liabilities $ (60,339) $ — $ (34,315) $ (26,024) ________________ (1) Excludes cash of $472.8 million held in operating accounts and time deposits of $274.9 million (of which $140.7 million were cash equivalents) as of June 30, 2022.

FINANCIAL STATEMENT COMPONENTS

FINANCIAL STATEMENT COMPONENTS (Tables)	3 Months Ended
	Sep. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of Balance Sheet Components	Condensed Consolidated Balance Sheets As of As of (In thousands) September 30, 2022 June 30, 2022 Accounts receivable, net: Accounts receivable, gross $ 1,884,328 $ 1,832,508 Allowance for credit losses (27,008) (20,631) $ 1,857,320 $ 1,811,877 Inventories: Customer service parts $ 422,983 $ 402,121 Raw materials 1,183,244 1,042,916 Work-in-process 527,359 451,782 Finished goods 274,739 250,070 $ 2,408,325 $ 2,146,889 Other current assets: Deferred costs of revenues $ 117,341 $ 124,487 Contract assets 114,086 114,747 Prepaid expenses 100,027 108,942 Prepaid income and other taxes 31,009 89,713 Other current assets 62,311 64,248 $ 424,774 $ 502,137 Land, property and equipment, net: Land $ 72,288 $ 67,846 Buildings and leasehold improvements 728,948 712,751 Machinery and equipment 805,466 819,191 Office furniture and fixtures 46,213 44,957 Construction-in-process 150,974 110,079 1,803,889 1,754,824 Less: accumulated depreciation (890,887) (904,895) $ 913,002 $ 849,929 Other non-current assets: Executive Deferred Savings Plan (1) $ 213,824 $ 224,188 Operating lease right of use assets 125,986 126,444 Other non-current assets 154,221 133,980 $ 494,031 $ 484,612 Other current liabilities: Customer credits and advances $ 579,767 $ 515,118 Compensation and benefits 441,671 351,924 Income taxes payable 278,400 126,964 Other accrued expenses 245,476 253,265 Executive Deferred Savings Plan (1) 215,193 225,867 Interest payable 65,140 39,683 Operating lease liabilities 30,701 32,218 $ 1,856,348 $ 1,545,039 Other non-current liabilities: Customer credits and advances $ 304,396 $ 204,914 Income taxes payable 300,461 367,052 Operating lease liabilities 79,789 81,369 Pension liabilities 73,426 78,525 Other non-current liabilities 123,700 150,782 $ 881,772 $ 882,642 ________________ (1) We have a non-qualified deferred compensation plan (known as “Executive Deferred Savings Plan” or “EDSP”) under which certain employees and non-employee directors may defer a portion of their compensation. The benefit associated with changes in the EDSP liability included in selling, general and administrative (“SG&A”) expense was $10.3 million and $1.0 million during the three months ended September 30, 2022 and 2021, respectively. The amount of net losses associated with changes in the EDSP assets included in SG&A expense was $10.3 million and $1.1 million during the three months ended September 30, 2022 and 2021, respectively. For additional details, refer to Note 1 “Description of Business and Summary of Significant Accounting Policies” to our Consolidated Financial Statements included in our Annual Report on Form 10-K for the fiscal year ended June 30, 2022.
Schedule of Components of Accumulated Other Comprehensive Income (Loss)	The components of Accumulated Other Comprehensive Income (Loss) (“AOCI”) as of the dates indicated below were as follows: (In thousands) Currency Translation Adjustments Unrealized Gains (Losses) on Available-for-Sale Securities Unrealized Gains (Losses) on Derivatives Unrealized Gains (Losses) on Defined Benefit Plans Total Balance as of September 30, 2022 $ (63,598) $ (20,816) $ 49,617 $ (24,044) $ (58,841) Balance as of June 30, 2022 $ (43,886) $ (15,486) $ 56,836 $ (24,935) $ (27,471)
Schedule of Reclassification out of Accumulated Other Comprehensive Income	The effects on net income of amounts reclassified from AOCI to the Condensed Consolidated Statements of Operations for the indicated periods were as follows (in thousands; amounts in parentheses indicate debits or reductions to earnings): AOCI Components Three Months Ended September 30, Location in the Condensed Consolidated Statement of Operations 2022 2021 Unrealized gains (losses) on cash flow hedges from foreign exchange and interest rate contracts Revenues $ 14,605 $ 1,729 Costs of revenues and operating expenses (5,367) (232) Interest expense 937 (279) Net gains reclassified from AOCI $ 10,175 $ 1,218 Unrealized gains (losses) on available-for-sale securities Other expense (income), net $ (174) $ 1

MARKETABLE SECURITIES (Tables)

MARKETABLE SECURITIES (Tables)	3 Months Ended
	Sep. 30, 2022
Investments, Debt and Equity Securities [Abstract]
Unrealized Gain (Loss) on Investments	The amortized cost and fair value of marketable securities as of the dates indicated below were as follows: As of September 30, 2022 (In thousands) Amortized Gross Gross Fair Corporate debt securities $ 476,396 $ 9 $ (11,051) $ 465,354 Money market funds and other 1,050,327 — — 1,050,327 Municipal securities 50,374 — (1,403) 48,971 Sovereign securities 6,034 — (55) 5,979 U.S. Government agency securities 78,138 17 (1,453) 76,702 U.S. Treasury securities 444,801 9 (12,592) 432,218 Equity securities (1) 3,211 9,875 — 13,086 Subtotal 2,109,281 9,910 (26,554) 2,092,637 Add: Time deposits (2) 269,755 — — 269,755 Less: Cash equivalents 1,228,151 1 — 1,228,152 Marketable securities $ 1,150,885 $ 9,909 $ (26,554) $ 1,134,240 As of June 30, 2022 (In thousands) Amortized Gross Gross Fair Corporate debt securities $ 481,881 $ 3 $ (8,915) $ 472,969 Money market funds and other 948,027 — — 948,027 Municipal securities 61,973 — (1,249) 60,724 Sovereign securities 6,041 2 (53) 5,990 U.S. Government agency securities 92,273 26 (1,183) 91,116 U.S. Treasury securities 378,871 18 (8,378) 370,511 Equity securities (1) 3,211 7,824 — 11,035 Subtotal 1,972,277 7,873 (19,778) 1,960,372 Add: Time deposits (2) 274,873 — — 274,873 Less: Cash equivalents 1,112,146 — (1) 1,112,145 Marketable securities $ 1,135,004 $ 7,873 $ (19,777) $ 1,123,100 ________________ (1) Unrealized gains on equity securities included in our portfolio include the initial fair value adjustment recorded upon a security becoming marketable. (2) Time deposits excluded from fair value measurements.
Debt Securities, Available-for-Sale, Unrealized Loss Position, Fair Value	The following table summarizes the fair value and gross unrealized losses of our investments that were in an unrealized loss position as of the dates indicated below. As of September 30, 2022 Less than 12 Months 12 Months or Greater Total (In thousands) Fair Value Gross Fair Value Gross Fair Value Gross Corporate debt securities $ 405,334 $ (9,419) $ 51,452 $ (1,632) $ 456,786 $ (11,051) Municipal securities 33,165 (857) 15,505 (546) 48,670 (1,403) Sovereign securities 4,019 (12) 1,960 (43) 5,979 (55) U.S. Government agency securities 25,363 (322) 29,225 (1,131) 54,588 (1,453) U.S. Treasury securities 310,815 (9,310) 107,359 (3,282) 418,174 (12,592) Total $ 778,696 $ (19,920) $ 205,501 $ (6,634) $ 984,197 $ (26,554) As of June 30, 2022 (In thousands) Fair Value (1) Gross Unrealized Losses (1) Corporate debt securities $ 458,699 $ (8,915) Municipal securities 58,722 (1,249) Sovereign securities 2,963 (53) U.S. Government agency securities 60,285 (1,183) U.S. Treasury securities 336,819 (8,378) Total $ 917,488 $ (19,778) ________________ (1) As of June 30, 2022, our investments that were in a continuous loss position of 12 months or more, as well as the unrealized losses on those investments, were immaterial.
Schedule of Contractual Maturities of Securities	The contractual maturities of securities classified as available-for-sale, regardless of their classification on our Condensed Consolidated Balance Sheets, as of the date indicated below were as follows: As of September 30, 2022 (In thousands) Amortized Cost Fair Value Due within one year $ 601,307 $ 602,657 Due after one year through three years 549,578 531,583 Total $ 1,150,885 $ 1,134,240

GOODWILL AND PURCHASED INTANG_2

GOODWILL AND PURCHASED INTANGIBLE ASSETS (Tables)	3 Months Ended
	Sep. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill Balances	The following table presents changes in goodwill carrying value during the three months ended September 30, 2022: (In thousands) Wafer Inspection and Patterning Global Service and Support ( “ GSS ” ) Specialty Semiconductor Process PCB and Display Component Inspection Total Balance as of June 30, 2022 $ 725,737 $ 25,908 $ 681,858 $ 872,971 $ 13,575 $ 2,320,049 Acquired goodwill 6,776 — — — — 6,776 Goodwill disposal from sale of business (1) — — — (42,622) — (42,622) Goodwill adjustments (5,337) — — — — (5,337) Foreign currency adjustments (39) — — — — (39) Balance as of September 30, 2022 $ 727,137 $ 25,908 $ 681,858 $ 830,349 $ 13,575 $ 2,278,827 (1) Refer to the “Business Dispositions” section of Note 6 “Business Combinations and Dispositions” for more information on the sale of Orbograph.
Schedule of Components of Purchased Intangible Assets	The components of purchased intangible assets as of the dates indicated below were as follows: (In thousands) As of September 30, 2022 As of June 30, 2022 Category Range of Useful Lives (in years) Gross Accumulated Net Gross Accumulated Net Existing technology 4-8 $ 1,536,826 $ 705,476 $ 831,350 $ 1,523,691 $ 668,175 $ 855,516 Customer relationships 4-9 358,567 175,260 183,307 366,567 167,819 198,748 Trade name / Trademark 4-7 116,583 67,487 49,096 121,083 68,194 52,889 Order backlog and other <1-9 85,836 64,248 21,588 87,836 58,970 28,866 Intangible assets subject to amortization (1) 2,097,812 1,012,471 1,085,341 2,099,177 963,158 1,136,019 In-process research and development 61,322 15,218 46,104 64,457 6,062 58,395 Total $ 2,159,134 $ 1,027,689 $ 1,131,445 $ 2,163,634 $ 969,220 $ 1,194,414 (1) The disposition of Orbograph during the three months ended September 30, 2022, resulted in a decrease in the gross amount of intangible assets subject to amortization of $34.5 million, a decrease in accumulated amortization of $15.9 million, and a decrease in the net amount of $18.6 million. Refer to the “Business Dispositions” section of Note 6 “Business Combinations and Dispositions” for more information on the sale of Orbograph.
Schedule of Amortization Expense for Purchased Intangible Assets	Amortization expense for purchased intangible assets for the periods indicated below was as follows: Three Months Ended September 30, (In thousands) 2022 2021 Amortization expense - Costs of revenues $ 45,066 $ 41,124 Amortization expense - SG&A 20,128 12,389 Amortization expense - Research and development 31 31 Total $ 65,225 $ 53,544
Schedule of Remaining Estimated Amortization Expense	Based on the purchased intangible assets gross carrying amount recorded as of September 30, 2022, the remaining estimated annual amortization expense is expected to be as follows: Fiscal year ending June 30: Amortization (In thousands) 2023 (remaining nine months) $ 195,393 2024 238,575 2025 222,123 2026 206,211 2027 129,630 2028 and thereafter 93,409 Total $ 1,085,341

DEBT (Tables)

DEBT (Tables)	3 Months Ended
	Sep. 30, 2022
Debt Disclosure [Abstract]
Schedule of Debt	The following table summarizes our debt as of September 30, 2022 and June 30, 2022: As of September 30, 2022 As of June 30, 2022 Amount Effective Amount Effective Fixed-rate 4.650% Senior Notes due on November 1, 2024 $ 750,000 4.682 % $ 1,250,000 4.682 % Fixed-rate 5.650% Senior Notes due on November 1, 2034 250,000 5.670 % 250,000 5.670 % Fixed-rate 4.100% Senior Notes due on March 15, 2029 800,000 4.159 % 800,000 4.159 % Fixed-rate 5.000% Senior Notes due on March 15, 2049 400,000 5.047 % 400,000 5.047 % Fixed-rate 3.300% Senior Notes due on March 1, 2050 750,000 3.302 % 750,000 3.302 % Fixed-rate 4.650% Senior Notes due on July 15, 2032 1,000,000 4.657 % 1,000,000 4.657 % Fixed-rate 4.950% Senior Notes due on July 15, 2052 1,200,000 5.009 % 1,200,000 5.009 % Fixed-rate 5.250% Senior Notes due on July 15, 2062 800,000 5.259 % 800,000 5.259 % Revolving Credit Facility 425,000 4.409 % 275,000 2.258 % Total 6,375,000 6,725,000 Unamortized discount/premium, net (18,720) (19,304) Unamortized debt issuance costs (43,531) (44,978) Total $ 6,312,749 $ 6,660,718 Reported as: Long-term debt $ 6,312,749 $ 6,660,718 Total $ 6,312,749 $ 6,660,718

LEASES (Tables)

LEASES (Tables)	3 Months Ended
	Sep. 30, 2022
Leases [Abstract]
Schedule of Leases Cost	Supplemental cash flow information related to leases was as follows: Three Months Ended September 30, In thousands 2022 2021 Operating cash outflows from operating leases $ 9,627 $ 9,485 Right of use assets obtained in exchange for new operating lease liabilities $ 9,220 $ 5,955
Schedule of Maturities of Lease Liabilities	Maturities of lease liabilities as of September 30, 2022 were as follows: Fiscal Year Ending June 30: (In thousands) 2023 (remaining nine months) $ 25,807 2024 27,028 2025 21,023 2026 16,200 2027 11,987 2028 and thereafter 15,499 Total lease payments 117,544 Less imputed interest (7,054) Total $ 110,490

EQUITY, LONG-TERM INCENTIVE C_2

EQUITY, LONG-TERM INCENTIVE COMPENSATION PLANS AND NON-CONTROLLING INTEREST (Tables)	3 Months Ended
	Sep. 30, 2022
Share-Based Payment Arrangement [Abstract]
Schedule of Combined Activity Under Equity Incentive Plans	The following table summarizes the combined activity under our equity incentive plans: (In thousands) Available For Grant (1) (2) Balance as of June 30, 2022 9,242 RSUs granted (3) (883) RSUs canceled 66 Balance as of September 30, 2022 8,425 __________________ (1) The number of RSUs reflects the application of the award multiplier of 2.0x to calculate the impact of the award on the shares reserved under the 2004 Plan. (2) No additional stock options, RSUs or other awards will be granted under the Assumed Equity Plans. (3) Includes RSUs granted to senior management during the three months ended September 30, 2022 with performance-based vesting criteria (in addition to service-based vesting criteria for any of such RSUs that are deemed to have been earned) (“performance-based RSUs”). This line item includes all such performance-based RSUs granted during the three months ended September 30, 2022 reported at the maximum possible number of shares that may ultimately be issuable if all applicable performance-based criteria are achieved at their maximum levels and all applicable service-based criteria are fully satisfied (0.6 million shares for the three months ended September 30, 2022 reflects the application of the multiplier described above).
Schedule of Stock-based Compensation Expense	The following table shows stock-based compensation expense for the indicated periods: Three Months Ended September 30, (In thousands) 2022 2021 Stock-based compensation expense by: Costs of revenues $ 5,589 $ 3,838 R&D 8,356 4,694 SG&A 21,037 16,684 Total stock-based compensation expense $ 34,982 $ 25,216
Schedule of Restricted Stock Activity	The following table shows the activity and weighted-average grant date fair values for RSUs during the three months ended September 30, 2022: Shares (1) (In thousands) Weighted-Average Outstanding RSUs as of June 30, 2022 (2) 1,593 $ 218.03 Granted (3) 441 $ 397.40 Vested and released (171) $ 159.44 Withheld for taxes (141) $ 159.44 Forfeited (34) $ 139.31 Outstanding RSUs as of September 30, 2022 (2) 1,688 $ 277.30 __________________ (1) Share numbers reflect actual shares subject to awarded RSUs. (2) Includes performance-based RSUs. (3) This line item includes performance-based RSUs granted during the three months ended September 30, 2022 reported at the maximum possible number of shares that may ultimately be issuable if all applicable performance-based criteria are achieved at their maximum levels and all applicable service-based criteria are fully satisfied (0.3 million shares for the three months ended September 30, 2022).
Schedule of Grant Date Fair Value, Weighted Average Grant Date Fair Value, and Tax Benefits for Restricted Stock Units	The following table shows the weighted-average grant date fair value per unit for the RSUs granted, vested, and tax benefits realized by us in connection with vested and released RSUs for the indicated periods : Three Months Ended September 30, (In thousands, except for weighted-average grant date fair value) 2022 2021 Weighted-average grant date fair value per unit $ 397.40 $ 353.71 Grant date fair value of vested RSUs $ 49,906 $ 36,740 Tax benefits realized by us in connection with vested and released RSUs $ 10,543 $ 9,008
Schedule of Employee Stock Purchase Rights Valuation	The fair value of each purchase right under the ESPP was estimated on the date of grant using the Black-Scholes model and the straight-line attribution approach with the following weighted-average assumptions: Three Months Ended September 30, 2022 2021 Stock purchase plan: Expected stock price volatility 41.6 % 34.9 % Risk-free interest rate 1.1 % 0.1 % Dividend yield 1.8 % 1.4 % Expected life (in years) 0.5 0.5
Schedule of Tax Benefits Realized and Weighted-average fair value for the ESPP	The following table shows total cash received from employees for the issuance of shares under the ESPP, the number of shares purchased by employees through the ESPP, the tax benefits realized by us in connection with the disqualifying dispositions of shares purchased under the ESPP and the weighted-average fair value per share for the indicated periods: (In thousands, except for weighted-average fair value per share) Three Months Ended September 30, 2022 2021 Number of shares purchased by employees through the ESPP — — Tax benefits realized by us in connection with the disqualifying dispositions of shares purchased under the ESPP $ 562 $ 967 Weighted-average fair value per share based on Black-Scholes model $ 73.31 $ 71.82

STOCK REPURCHASE PROGRAM (Table

STOCK REPURCHASE PROGRAM (Tables)	3 Months Ended
	Sep. 30, 2022
Equity [Abstract]
Schedule of Share Repurchases	Share repurchases for the indicated periods (based on the trade date of the applicable repurchase) were as follows: Three Months Ended September 30, (In thousands) 2022 2021 Number of shares of common stock repurchased 257 1,190 Total cost of repurchases $ 89,616 $ 399,677

NET INCOME PER SHARE (Tables)

NET INCOME PER SHARE (Tables)	3 Months Ended
	Sep. 30, 2022
Earnings Per Share [Abstract]
Schedule of Net Income per Share	The following table sets forth the computation of basic and diluted net income per share attributable to KLA: (In thousands, except per share amounts) Three Months Ended September 30, 2022 2021 Numerator: Net income attributable to KLA $ 1,025,991 $ 1,068,417 Denominator: Weighted-average shares - basic, excluding unvested RSUs 141,829 152,330 Effect of dilutive RSUs and options 734 1,080 Weighted-average shares - diluted 142,563 153,410 Basic net income per share attributable to KLA $ 7.23 $ 7.01 Diluted net income per share attributable to KLA $ 7.20 $ 6.96 Anti-dilutive securities excluded from the computation of diluted net income per share 205 135

INCOME TAXES (Tables)

INCOME TAXES (Tables)	3 Months Ended
	Sep. 30, 2022
Income Tax Disclosure [Abstract]
Schedule of Details of Income Taxes	The following table provides details of income taxes: Three Months Ended September 30, (Dollar amounts in thousands) 2022 2021 Income before income taxes $ 1,070,028 $ 766,348 Provision (benefit) for income taxes $ 43,963 $ (302,137) Effective tax rate 4.1 % (39.4) %

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Tables)	3 Months Ended
	Sep. 30, 2022
Commitments and Contingencies Disclosure [Abstract]
Schedule of Receivables Sold Under Factoring Agreements	The following table shows total receivables sold under factoring agreements and proceeds from sales of LC for the indicated periods: Three Months Ended September 30, (In thousands) 2022 2021 Receivables sold under factoring agreements $ 104,247 $ 67,118 Proceeds from sales of LC $ 24,651 $ 21,673

DERIVATIVE INSTRUMENTS AND HE_2

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Tables)	3 Months Ended
	Sep. 30, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Derivative Instruments, Location, Designated and Non-Designated, Gains (Losses)	The gains (losses) on derivatives in cash flow and net investment hedging relationships recognized in other comprehensive income for the indicated periods were as follows: Three Months Ended September 30, (In thousands) 2022 2021 Derivatives Designated as Cash Flow Hedging Instruments: Rate lock agreements: Amounts included in the assessment of effectiveness $ 937 $ — Foreign exchange contracts: Amounts included in the assessment of effectiveness $ 816 $ 853 Amounts excluded from the assessment of effectiveness $ 15 $ (1) Derivatives Designated as Net Investment Hedging Instruments: Foreign exchange contracts (1) : $ 3,679 $ 650 __________________ (1) No amounts were reclassified from AOCI into earnings related to the sale of a subsidiary, as there were no such sales during the periods presented. The locations and amounts of designated and non-designated derivatives’ gains and losses reported in the Condensed Consolidated Statements of Operations for the indicated periods were as follows: Three Months Ended September 30, Three Months Ended September 30, 2022 2021 (In thousands) Revenues Costs of Revenues and Operating Expenses Interest Expense Other Expense (Income), Net Revenues Costs of Revenues and Operating Expenses Interest Expense Other Expense (Income), Net Total amounts presented in the Condensed Consolidated Statements of Operations in which the effects of cash flow hedges are recorded $ 2,724,424 $ 1,613,721 $ 74,395 $ (47,006) $ 2,083,838 $ 1,265,038 $ 38,312 $ 14,140 Gains (Losses) on Derivatives Designated as Hedging Instruments: Rate lock agreements: Amount of gains (losses) reclassified from AOCI to earnings $ — $ — $ 937 $ — $ — $ — $ (279) $ — Foreign exchange contracts: Amount of gains (losses) reclassified from AOCI to earnings $ 14,915 $ (5,367) $ — $ — $ 1,843 $ (232) $ — $ — Amount excluded from the assessment of effectiveness recognized in earnings $ (310) $ — $ — $ 455 $ (114) $ — $ — $ 657 Gains (Losses) on Derivatives Not Designated as Hedging Instruments: Amount of gains (losses) recognized in earnings $ — $ — $ — $ 14,374 $ — $ — $ — $ 1,069
Schedule of Notional Amounts of Derivatives Outstanding	The U.S. dollar equivalent of all outstanding notional amounts of foreign currency hedge contracts with maximum remaining maturities of approximately 11 months as of the dates indicated below, were as follows: As of As of (In thousands) September 30, 2022 June 30, 2022 Cash flow hedge contracts - foreign currency Purchase $ 122,528 $ 124,641 Sell $ 207,905 $ 176,259 Net investment hedge contracts - foreign currency Purchase $ 66,516 $ — Sell $ 66,436 $ 66,436 Other foreign currency hedge contracts Purchase $ 475,015 $ 565,586 Sell $ 435,525 $ 389,368
Schedule of Derivative Instruments, Fair Value	The locations and fair value of our derivatives reported in our Condensed Consolidated Balance Sheets as of the dates indicated below were as follows: Asset Derivatives Liability Derivatives Balance Sheet As of As of Balance Sheet As of As of Location September 30, 2022 June 30, 2022 Location September 30, 2022 June 30, 2022 (In thousands) Fair Value Fair Value Derivatives designated as hedging instruments Foreign exchange contracts Other current assets 21,176 20,595 Other current liabilities (12,989) 8,406 Total derivatives designated as hedging instruments 21,176 20,595 (12,989) 8,406 Derivatives not designated as hedging instruments Foreign exchange contracts Other current assets 23,813 19,716 Other current liabilities (30,098) 25,909 Total derivatives not designated as hedging instruments 23,813 19,716 (30,098) 25,909 Total derivatives $ 44,989 $ 40,311 $ (43,087) $ 34,315
Schedule of Balances and Changes in Accumulated Other Comprehensive Income Related to Derivative Instruments	The changes in AOCI, before taxes, related to derivatives for the indicated periods were as follows: Three Months Ended September 30, (In thousands) 2022 2021 Beginning AOCI $ 77,018 $ (25,830) Amount reclassified to earnings as net (gains) losses (10,175) (1,218) Net change in unrealized gains (losses) 5,447 1,502 Ending AOCI $ 72,290 $ (25,546)
Schedule of Offsetting Derivative Assets	The information related to the offsetting arrangements for the periods indicated was as follows: As of September 30, 2022 Gross Amounts of Derivatives Not Offset in the Condensed Consolidated Balance Sheets (In thousands) Gross Amounts of Derivatives Gross Amounts of Derivatives Offset in the Condensed Consolidated Balance Sheets Net Amount of Derivatives Presented in the Condensed Consolidated Balance Sheets Financial Instruments Cash Collateral Received Net Amount Derivatives - assets $ 44,989 $ — $ 44,989 $ (27,133) $ — $ 17,856 Derivatives - liabilities $ (43,087) $ — $ (43,087) $ 27,133 $ — $ (15,954) As of June 30, 2022 Gross Amounts of Derivatives Not Offset in the Condensed Consolidated Balance Sheets (In thousands) Gross Amounts of Derivatives Gross Amounts of Derivatives Offset in the Condensed Consolidated Balance Sheets Net Amount of Derivatives Presented in the Condensed Consolidated Balance Sheets Financial Instruments Cash Collateral Received Net Amount Derivatives - assets $ 40,311 $ — $ 40,311 $ (12,291) $ — $ 28,020 Derivatives - liabilities $ (34,315) $ — $ (34,315) $ 12,291 $ — $ (22,024)
Schedule of Offsetting Derivative Liabilities	The information related to the offsetting arrangements for the periods indicated was as follows: As of September 30, 2022 Gross Amounts of Derivatives Not Offset in the Condensed Consolidated Balance Sheets (In thousands) Gross Amounts of Derivatives Gross Amounts of Derivatives Offset in the Condensed Consolidated Balance Sheets Net Amount of Derivatives Presented in the Condensed Consolidated Balance Sheets Financial Instruments Cash Collateral Received Net Amount Derivatives - assets $ 44,989 $ — $ 44,989 $ (27,133) $ — $ 17,856 Derivatives - liabilities $ (43,087) $ — $ (43,087) $ 27,133 $ — $ (15,954) As of June 30, 2022 Gross Amounts of Derivatives Not Offset in the Condensed Consolidated Balance Sheets (In thousands) Gross Amounts of Derivatives Gross Amounts of Derivatives Offset in the Condensed Consolidated Balance Sheets Net Amount of Derivatives Presented in the Condensed Consolidated Balance Sheets Financial Instruments Cash Collateral Received Net Amount Derivatives - assets $ 40,311 $ — $ 40,311 $ (12,291) $ — $ 28,020 Derivatives - liabilities $ (34,315) $ — $ (34,315) $ 12,291 $ — $ (22,024)

RELATED PARTY TRANSACTIONS (Tab

RELATED PARTY TRANSACTIONS (Tables)	3 Months Ended
	Sep. 30, 2022
Related Party Transactions [Abstract]
Schedule of Related Party Transactions	The following table provides the transactions with these parties for the indicated periods (for the portion of such period that they were considered related): Three Months Ended September 30, (In thousands) 2022 2021 Total revenues $ 757 $ 79 Total purchases $ 245 $ 359

SEGMENT REPORTING AND GEOGRAP_2

SEGMENT REPORTING AND GEOGRAPHIC INFORMATION (Tables)	3 Months Ended
	Sep. 30, 2022
Segment Reporting [Abstract]
Schedule of Results for Reportable Segments	The following is a summary of results for each of our three reportable segments for the indicated periods: Three Months Ended September 30, (In thousands) 2022 2021 Semiconductor Process Control: Revenues $ 2,397,759 $ 1,779,083 Segment gross profit 1,576,982 1,161,929 Specialty Semiconductor Process: Revenues 127,867 102,029 Segment gross profit 67,040 54,721 PCB, Display and Component Inspection: Revenues 200,745 202,808 Segment gross profit 85,674 94,476 Totals: Revenues for reportable segments $ 2,726,371 $ 2,083,920 Segment gross profit $ 1,729,696 $ 1,311,126
Schedule of Reconciliation of Total Reportable Segments Revenue to Total Revenue	The following table reconciles total revenues for reportable segments to total revenues for the indicated periods: Three Months Ended September 30, (In thousands) 2022 2021 Total revenues for reportable segments $ 2,726,371 $ 2,083,920 Corporate allocations and effects of changes in foreign currency exchange rates (1,947) (82) Total revenues $ 2,724,424 $ 2,083,838
Schedule of Reconciliation of Total Segment Gross Profit to Total Income Before Income Taxes	The following table reconciles total segment gross profit to total income before income taxes for the indicated periods: Three Months Ended September 30, (In thousands) 2022 2021 Total segment gross profit $ 1,729,696 $ 1,311,126 Acquisition-related charges, corporate allocations, and effects of changes in foreign currency exchange rates (1) 46,498 40,912 R&D 318,515 258,153 SG&A 253,980 193,261 Interest expense 74,395 38,312 Loss on extinguishment of debt 13,286 — Other expense (income), net (47,006) 14,140 Income before income taxes $ 1,070,028 $ 766,348 __________________
Schedule of Revenues by Geographic Region	The following is a summary of revenues by geographic region, based on ship-to location, for the indicated periods: (Dollar amounts in thousands) Three Months Ended September 30, 2022 2021 Revenues: China $ 839,661 31 % $ 685,156 33 % Taiwan 748,334 27 % 627,084 30 % Korea 407,462 15 % 239,183 12 % North America 233,754 9 % 177,740 9 % Japan 217,709 8 % 175,167 8 % Europe and Israel 164,073 6 % 87,440 4 % Rest of Asia 113,431 4 % 92,068 4 % Total $ 2,724,424 100 % $ 2,083,838 100 %
Schedule of Revenues by Major Products	The following is a summary of revenues by major product categories for the indicated periods: (Dollar amounts in thousands) Three Months Ended September 30, 2022 2021 Revenues: Wafer Inspection $ 1,102,542 41 % $ 887,512 43 % Patterning 733,370 27 % 439,591 21 % Specialty Semiconductor Process 114,444 4 % 93,120 4 % PCB, Display and Component Inspection 134,443 5 % 137,887 7 % Services 528,815 19 % 453,950 22 % Other 110,810 4 % 71,778 3 % Total $ 2,724,424 100 % $ 2,083,838 100 %
Schedule of Long-Lived Assets by Geographic Region	Land, property and equipment, net by geographic region as of the dates indicated below were as follows: As of As of (In thousands) September 30, 2022 June 30, 2022 Land, property and equipment, net: United States $ 596,069 $ 547,454 Singapore 148,789 146,057 Israel 73,965 72,791 Europe 62,404 55,370 Rest of Asia 31,775 28,257 Total $ 913,002 $ 849,929

REVENUE - Schedule of Contract

REVENUE - Schedule of Contract Balances (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2022	Jun. 30, 2022
Accounts receivable, net
Accounts receivable, net	$ 1,857,320	$ 1,811,877
Change in accounts receivable, net	$ 45,443
Percentage change in accounts receivable, net	3%
Contract assets
Contract assets	$ 114,086	114,747
Change in contract assets	$ (661)
Percentage change in contract assets	(1.00%)
Contract liabilities
Contract liabilities	$ 933,170	$ 1,007,324
Change in contract liabilities	$ (74,154)
Percentage change in contract liabilities	(7.00%)

REVENUE - Additional Informatio

REVENUE - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue remainder payable acceptance period	30 days
Revenue recognized in excess of amount billed to customer	$ 49.3
Decrease in contract assets, reclassified to accounts receivable	49.6
Change in contract liabilities, revenue recognized	$ 489.5	$ 303
Minimum
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue payment terms required payment percentage of total contract consideration within 30 To 60 days of shipment	70%
Maximum
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue payment terms required payment percentage of total contract consideration within 30 To 60 days of shipment	90%

REVENUE - Remaining Performance

REVENUE - Remaining Performance Obligations (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Jun. 30, 2022
Revenue from Contract with Customer [Abstract]
Remaining performance obligation	$ 13,650,000
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Contract liabilities	$ 933,170	$ 1,007,324
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-10-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation, expected timing of satisfaction, period	12 months
Minimum | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-10-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation, percentage	45%
Maximum | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-10-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation, percentage	55%

FAIR VALUE MEASUREMENTS (Detail

FAIR VALUE MEASUREMENTS (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Jun. 30, 2022
Other current assets:
Derivative assets	$ 44,989	$ 40,311
Liabilities
Derivative liabilities	(43,087)	(34,315)
Contingent consideration payable	(23,800)
Cash excluded from fair value measurement	591,100	472,800
Time deposits excluded from fair value measurement	269,800	274,900
Time deposits, cash equivalents excluded from fair value measurement	172,800	140,700
Recurring
Marketable securities:
Total cash equivalents and marketable securities	2,092,637	1,960,372
Other current assets:
Derivative assets	44,989	40,311
Other non-current assets:
Executive Deferred Savings Plan	213,824	224,188
Total financial assets	2,351,450	2,224,871
Liabilities
Derivative liabilities	(43,087)	(34,315)
Deferred payments	(2,425)	(2,350)
Contingent consideration payable	(23,820)	(23,674)
Total financial liabilities	(69,332)	(60,339)
Recurring | Corporate debt securities
Cash equivalents:
Cash equivalents		922
Marketable securities:
Marketable securities	465,354	472,047
Recurring | Money market funds and other
Cash equivalents:
Cash equivalents	1,050,327	948,027
Recurring | U.S. Treasury securities
Cash equivalents:
Cash equivalents	4,992	22,485
Marketable securities:
Marketable securities	427,226	348,026
Recurring | Municipal securities
Marketable securities:
Marketable securities	48,971	60,724
Recurring | Sovereign securities
Marketable securities:
Marketable securities	5,979	5,990
Recurring | U.S. Government agency securities
Marketable securities:
Marketable securities	76,702	91,116
Recurring | Equity securities
Marketable securities:
Marketable securities	13,086	11,035
Recurring | Level 1
Marketable securities:
Total cash equivalents and marketable securities	1,548,592	1,394,737
Other current assets:
Derivative assets	0	0
Other non-current assets:
Executive Deferred Savings Plan	167,944	176,928
Total financial assets	1,716,536	1,571,665
Liabilities
Derivative liabilities	0	0
Deferred payments	0	0
Contingent consideration payable	0	0
Total financial liabilities	0	0
Recurring | Level 1 | Corporate debt securities
Cash equivalents:
Cash equivalents		0
Marketable securities:
Marketable securities	0	0
Recurring | Level 1 | Money market funds and other
Cash equivalents:
Cash equivalents	1,050,327	948,027
Recurring | Level 1 | U.S. Treasury securities
Cash equivalents:
Cash equivalents	0	0
Marketable securities:
Marketable securities	408,477	344,559
Recurring | Level 1 | Municipal securities
Marketable securities:
Marketable securities	0	0
Recurring | Level 1 | Sovereign securities
Marketable securities:
Marketable securities	0	0
Recurring | Level 1 | U.S. Government agency securities
Marketable securities:
Marketable securities	76,702	91,116
Recurring | Level 1 | Equity securities
Marketable securities:
Marketable securities	13,086	11,035
Recurring | Level 2
Marketable securities:
Total cash equivalents and marketable securities	544,045	565,635
Other current assets:
Derivative assets	44,989	40,311
Other non-current assets:
Executive Deferred Savings Plan	45,880	47,260
Total financial assets	634,914	653,206
Liabilities
Derivative liabilities	(43,087)	(34,315)
Deferred payments	0	0
Contingent consideration payable	0	0
Total financial liabilities	(43,087)	(34,315)
Recurring | Level 2 | Corporate debt securities
Cash equivalents:
Cash equivalents		922
Marketable securities:
Marketable securities	465,354	472,047
Recurring | Level 2 | Money market funds and other
Cash equivalents:
Cash equivalents	0	0
Recurring | Level 2 | U.S. Treasury securities
Cash equivalents:
Cash equivalents	4,992	22,485
Marketable securities:
Marketable securities	18,749	3,467
Recurring | Level 2 | Municipal securities
Marketable securities:
Marketable securities	48,971	60,724
Recurring | Level 2 | Sovereign securities
Marketable securities:
Marketable securities	5,979	5,990
Recurring | Level 2 | U.S. Government agency securities
Marketable securities:
Marketable securities	0	0
Recurring | Level 2 | Equity securities
Marketable securities:
Marketable securities	0	0
Recurring | Level 3
Marketable securities:
Total cash equivalents and marketable securities	0	0
Other current assets:
Derivative assets	0	0
Other non-current assets:
Executive Deferred Savings Plan	0	0
Total financial assets	0	0
Liabilities
Derivative liabilities	0	0
Deferred payments	(2,425)	(2,350)
Contingent consideration payable	(23,820)	(23,674)
Total financial liabilities	(26,245)	(26,024)
Recurring | Level 3 | Corporate debt securities
Cash equivalents:
Cash equivalents		0
Marketable securities:
Marketable securities	0	0
Recurring | Level 3 | Money market funds and other
Cash equivalents:
Cash equivalents	0	0
Recurring | Level 3 | U.S. Treasury securities
Cash equivalents:
Cash equivalents	0	0
Marketable securities:
Marketable securities	0	0
Recurring | Level 3 | Municipal securities
Marketable securities:
Marketable securities	0	0
Recurring | Level 3 | Sovereign securities
Marketable securities:
Marketable securities	0	0
Recurring | Level 3 | U.S. Government agency securities
Marketable securities:
Marketable securities	0	0
Recurring | Level 3 | Equity securities
Marketable securities:
Marketable securities	$ 0	$ 0

FINANCIAL STATEMENT COMPONENT_2

FINANCIAL STATEMENT COMPONENTS - Balance Sheet Components (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Jun. 30, 2022
Accounts receivable, net:
Accounts receivable, gross	$ 1,884,328		$ 1,832,508
Allowance for credit losses	(27,008)		(20,631)
Accounts receivable, net	1,857,320		1,811,877
Inventories:
Customer service parts	422,983		402,121
Raw materials	1,183,244		1,042,916
Work-in-process	527,359		451,782
Finished goods	274,739		250,070
Inventories	2,408,325		2,146,889
Other current assets:
Contract assets	114,086		114,747
Deferred costs of revenues	117,341		124,487
Prepaid expenses	100,027		108,942
Prepaid income and other taxes	31,009		89,713
Other current assets	62,311		64,248
Other current assets, total	424,774		502,137
Land, property and equipment, net:
Land	72,288		67,846
Buildings and leasehold improvements	728,948		712,751
Machinery and equipment	805,466		819,191
Office furniture and fixtures	46,213		44,957
Construction-in-process	150,974		110,079
Land, property and equipment, gross	1,803,889		1,754,824
Less: accumulated depreciation	(890,887)		(904,895)
Land, property and equipment, net	913,002		849,929
Other non-current assets:
Executive Deferred Savings Plan	213,824		224,188
Operating lease right of use assets	125,986		126,444
Other non-current assets	154,221		133,980
Other non-current assets, total	494,031		484,612
Other current liabilities:
Customer credits and advances	579,767		515,118
Compensation and benefits	441,671		351,924
Income taxes payable	278,400		126,964
Other accrued expenses	245,476		253,265
Executive Deferred Savings Plan	215,193		225,867
Interest payable	65,140		39,683
Operating lease liabilities	$ 30,701		$ 32,218
Operating Lease, Liability, Current, Statement of Financial Position [Extensible Enumeration]	Other current liabilities, total		Other current liabilities, total
Other current liabilities, total	$ 1,856,348		$ 1,545,039
Other non-current liabilities:
Income taxes payable	300,461		367,052
Pension liabilities	73,426		78,525
Operating lease liabilities	79,789		81,369
Customer credits and advances	304,396		204,914
Other non-current liabilities	$ 123,700		$ 150,782
Operating Lease, Liability, Noncurrent, Statement of Financial Position [Extensible Enumeration]	Other non-current liabilities, total		Other non-current liabilities, total
Other non-current liabilities, total	$ 881,772		$ 882,642
SG&A
Other non-current liabilities:
Expense associated with changes in the EDSP liability	(10,300)	$ (1,000)
Gain on deferred compensation plan assets	$ (10,300)	$ (1,100)

FINANCIAL STATEMENT COMPONENT_3

FINANCIAL STATEMENT COMPONENTS - Accumulated Other Comprehensive Income (Details) $ in Thousands	Sep. 30, 2022 USD ($)
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	$ 1,401,351
Ending balance	2,102,074
Currency Translation Adjustments
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	(43,886)
Ending balance	(63,598)
Unrealized Gains (Losses) on Available-for-Sale Securities
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	(15,486)
Ending balance	(20,816)
Unrealized Gains (Losses) on Derivatives
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	56,836
Ending balance	49,617
Unrealized Gains (Losses) on Defined Benefit Plans
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	(24,935)
Ending balance	(24,044)
Accumulated Other Comprehensive Income (Loss)
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	(27,471)
Ending balance	$ (58,841)

FINANCIAL STATEMENT COMPONENT_4

FINANCIAL STATEMENT COMPONENTS - Effects on Net Income (Loss) of Amounts Reclassified from AOCI (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Accumulated Other Comprehensive Income (Loss)
Revenues	$ 2,724,424	$ 2,083,838
Costs of revenues and operating expenses	(1,613,721)	(1,265,038)
Interest expense	(74,395)	(38,312)
Net gains reclassified from AOCI	1,025,991	1,068,417
Other expense (income), net	(47,006)	14,140
Unrealized Gains (Losses) on Defined Benefit Plans
Accumulated Other Comprehensive Income (Loss)
Reclassification adjustment from AOCI, net of tax	400	400
Reclassification out of accumulated other comprehensive income | Unrealized gains (losses) on cash flow hedges from foreign exchange and interest rate contracts
Accumulated Other Comprehensive Income (Loss)
Revenues	14,605	1,729
Costs of revenues and operating expenses	(5,367)	(232)
Interest expense	937	(279)
Net gains reclassified from AOCI	10,175	1,218
Reclassification out of accumulated other comprehensive income | Unrealized gains (losses) on available-for-sale securities
Accumulated Other Comprehensive Income (Loss)
Other expense (income), net	$ (174)	$ 1

MARKETABLE SECURITIES - Amortiz

MARKETABLE SECURITIES - Amortized Cost and Fair Value (Details) $ in Thousands	Sep. 30, 2022 USD ($) investment	Jun. 30, 2022 USD ($)
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	$ 1,150,885
Available-for-sale securities, fair value	1,134,240
Money market funds and other	1,050,327	$ 948,027
Equity securities, amortized cost	3,211	3,211
Equity securities, gross unrealized gains	9,875	7,824
Equity securities, gross unrealized losses	0	0
Equity securities, fair value	13,086	11,035
Subtotal, amortized cost	2,109,281	1,972,277
Subtotal, gross unrealized gains	9,910	7,873
Subtotal, gross unrealized losses	(26,554)	(19,778)
Subtotal, fair value	2,092,637	1,960,372
Add: Time deposits	269,755	274,873
Cash equivalents, amortized cost	1,228,151	1,112,146
Cash equivalents, gross unrealized gains	1	0
Cash equivalents, gross unrealized losses	0	(1)
Cash equivalents, fair value	1,228,152	1,112,145
Marketable securities, amortized cost	1,150,885	1,135,004
Marketable securities, gross unrealized gains	9,909	7,873
Marketable securities, gross unrealized losses	(26,554)	(19,777)
Marketable securities, fair value	$ 1,134,240	1,123,100
Number of investments in an unrealized loss position | investment	536
Corporate debt securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	$ 476,396	481,881
Available-for-sale securities, gross unrealized gains	9	3
Available-for-sale securities, gross unrealized losses	(11,051)	(8,915)
Available-for-sale securities, fair value	465,354	472,969
Municipal securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	50,374	61,973
Available-for-sale securities, gross unrealized gains	0	0
Available-for-sale securities, gross unrealized losses	(1,403)	(1,249)
Available-for-sale securities, fair value	48,971	60,724
Sovereign securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	6,034	6,041
Available-for-sale securities, gross unrealized gains	0	2
Available-for-sale securities, gross unrealized losses	(55)	(53)
Available-for-sale securities, fair value	5,979	5,990
U.S. Government agency securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	78,138	92,273
Available-for-sale securities, gross unrealized gains	17	26
Available-for-sale securities, gross unrealized losses	(1,453)	(1,183)
Available-for-sale securities, fair value	76,702	91,116
U.S. Treasury securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	444,801	378,871
Available-for-sale securities, gross unrealized gains	9	18
Available-for-sale securities, gross unrealized losses	(12,592)	(8,378)
Available-for-sale securities, fair value	$ 432,218	$ 370,511
Corporate and Government securities
Debt Securities, Available-for-sale [Line Items]
Investment portfolio, maximum maturity term	3 years

MARKETABLE SECURITIES - Continu

MARKETABLE SECURITIES - Continuous Unrealized Loss Position (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Jun. 30, 2022
Debt Securities, Available-for-sale [Line Items]
Less than 12 Months, Fair Value	$ 778,696
Less than 12 Months, Gross Unrealized Losses	(19,920)
12 Months or Greater, Fair Value	205,501
12 Months or Greater, Gross Unrealized Losses	(6,634)
Fair Value	984,197	$ 917,488
Gross Unrealized Losses	(26,554)	(19,778)
Corporate debt securities
Debt Securities, Available-for-sale [Line Items]
Less than 12 Months, Fair Value	405,334
Less than 12 Months, Gross Unrealized Losses	(9,419)
12 Months or Greater, Fair Value	51,452
12 Months or Greater, Gross Unrealized Losses	(1,632)
Fair Value	456,786	336,819
Gross Unrealized Losses	(11,051)	(8,915)
Municipal securities
Debt Securities, Available-for-sale [Line Items]
Less than 12 Months, Fair Value	33,165
Less than 12 Months, Gross Unrealized Losses	(857)
12 Months or Greater, Fair Value	15,505
12 Months or Greater, Gross Unrealized Losses	(546)
Fair Value	48,670	2,963
Gross Unrealized Losses	(1,403)	(1,249)
Sovereign securities
Debt Securities, Available-for-sale [Line Items]
Less than 12 Months, Fair Value	4,019
Less than 12 Months, Gross Unrealized Losses	(12)
12 Months or Greater, Fair Value	1,960
12 Months or Greater, Gross Unrealized Losses	(43)
Fair Value	5,979	60,285
Gross Unrealized Losses	(55)	(53)
U.S. Government agency securities
Debt Securities, Available-for-sale [Line Items]
Less than 12 Months, Fair Value	25,363
Less than 12 Months, Gross Unrealized Losses	(322)
12 Months or Greater, Fair Value	29,225
12 Months or Greater, Gross Unrealized Losses	(1,131)
Fair Value	54,588	58,722
Gross Unrealized Losses	(1,453)	(1,183)
U.S. Treasury securities
Debt Securities, Available-for-sale [Line Items]
Less than 12 Months, Fair Value	310,815
Less than 12 Months, Gross Unrealized Losses	(9,310)
12 Months or Greater, Fair Value	107,359
12 Months or Greater, Gross Unrealized Losses	(3,282)
Fair Value	418,174	458,699
Gross Unrealized Losses	$ (12,592)	$ (8,378)

MARKETABLE SECURITIES - Contrac

MARKETABLE SECURITIES - Contractual Maturities (Details) $ in Thousands	Sep. 30, 2022 USD ($)
Amortized Cost
Due within one year	$ 601,307
Due after one year through three years	549,578
Amortized Cost	1,150,885
Fair Value
Due within one year	602,657
Due after one year through three years	531,583
Total	$ 1,134,240

BUSINESS COMBINATIONS - Busines

BUSINESS COMBINATIONS - Business Combinations (Details) - USD ($) $ in Thousands				3 Months Ended
	Aug. 09, 2022	May 01, 2022	Feb. 28, 2022	Sep. 30, 2022	Sep. 30, 2021	Jun. 30, 2022
Business Acquisition
Total purchase consideration, paid in cash				$ 27,144	$ 37,986
Goodwill				2,278,827		$ 2,320,049
Contingent consideration liability, current				17,100
Contingent consideration				23,800
Contingent consideration liability, non-current				$ 6,700
August 9, 2022 Acquisition
Business Acquisition
Total purchase consideration, paid in cash	$ 32,700
Identifiable intangible assets acquired	30,000
Net tangible assets acquired	2,300
Deferred tax liabilities assumed	6,500
Goodwill	$ 6,800
May 1, 2022 Acquisition
Business Acquisition
Total purchase consideration, paid in cash		$ 8,600
ECI Technology, Inc
Business Acquisition
Total purchase consideration, paid in cash			$ 431,500
Identifiable intangible assets acquired			208,400
Deferred tax liabilities assumed			40,500
Goodwill			$ 266,400
Percentage of outstanding shares acquired			100%
Net tangible liabilities assumed			$ 2,900

BUSINESS COMBINATIONS - Busin_2

BUSINESS COMBINATIONS - Business Dispositions (Details) - USD ($) $ in Thousands		3 Months Ended
	Aug. 11, 2022	Sep. 30, 2022	Sep. 30, 2021	Jun. 30, 2022
Schedule of Equity Method Investments [Line Items]
Gain on sale of business		$ 29,687	$ 0
Disposal Group, Disposed of by Sale, Not Discontinued Operations | Orbograph
Schedule of Equity Method Investments [Line Items]
Consideration from sale of business	$ 110,000
Net cash proceeds from disposition	75,400
Gain on sale of business	29,700
Tangible assets disposed	26,500
Liabilities disposed	30,500
Goodwill and intangible assets disposed	$ 61,200
Orbograph
Schedule of Equity Method Investments [Line Items]
Non-controlling interest, ownership				94%

GOODWILL AND PURCHASED INTANG_3

GOODWILL AND PURCHASED INTANGIBLE ASSETS - Additional Information (Details)	3 Months Ended	12 Months Ended
	Sep. 30, 2022 USD ($) segment	Jun. 30, 2022 USD ($)
Goodwill [Line Items]
Number of reportable segments | segment	3
Number of operating segments | segment	5
Goodwill impairment		$ 0
Impairment of intangible assets to be disposed of	$ 9,200,000
Impairment of intangible assets, purchased	$ 0

GOODWILL AND PURCHASED INTANG_4

GOODWILL AND PURCHASED INTANGIBLE ASSETS - Schedule of Goodwill (Details) $ in Thousands	3 Months Ended
	Sep. 30, 2022 USD ($)
Goodwill [Roll Forward]
Beginning balance	$ 2,320,049
Acquired goodwill	6,776
Goodwill disposal from sale of business	(42,622)
Goodwill adjustments	(5,337)
Foreign currency adjustments	(39)
Ending balance	2,278,827
Wafer Inspection and Patterning
Goodwill [Roll Forward]
Beginning balance	725,737
Acquired goodwill	6,776
Goodwill disposal from sale of business	0
Goodwill adjustments	(5,337)
Foreign currency adjustments	(39)
Ending balance	727,137
Global Service and Support (“GSS”)
Goodwill [Roll Forward]
Beginning balance	25,908
Acquired goodwill	0
Goodwill disposal from sale of business	0
Goodwill adjustments	0
Foreign currency adjustments	0
Ending balance	25,908
Specialty Semiconductor Process
Goodwill [Roll Forward]
Beginning balance	681,858
Acquired goodwill	0
Goodwill disposal from sale of business	0
Goodwill adjustments	0
Foreign currency adjustments	0
Ending balance	681,858
PCB and Display
Goodwill [Roll Forward]
Beginning balance	872,971
Acquired goodwill	0
Goodwill disposal from sale of business	(42,622)
Goodwill adjustments	0
Foreign currency adjustments	0
Ending balance	830,349
Component Inspection
Goodwill [Roll Forward]
Beginning balance	13,575
Acquired goodwill	0
Goodwill disposal from sale of business	0
Goodwill adjustments	0
Foreign currency adjustments	0
Ending balance	$ 13,575

GOODWILL AND PURCHASED INTANG_5

GOODWILL AND PURCHASED INTANGIBLE ASSETS - Purchased Intangible Assets (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2022	Aug. 11, 2022	Jun. 30, 2022
Purchased Intangible Assets
Intangible assets subject to amortization, gross	$ 2,097,812		$ 2,099,177
Intangible assets, gross	2,159,134		2,163,634
Intangible assets subject to amortization, accumulated amortization	1,012,471		963,158
Accumulated Amortization and Impairment	1,027,689		969,220
Total	1,085,341		1,136,019
Purchased intangible assets, net	1,131,445		1,194,414
Orbograph | Disposal Group, Disposed of by Sale, Not Discontinued Operations
Purchased Intangible Assets
Intangible assets subject to amortization, gross		$ 34,500
Intangible assets subject to amortization, accumulated amortization		15,900
Total		$ 18,600
In-process research and development
Purchased Intangible Assets
Indefinite-lived intangible assets, gross	61,322		64,457
Indefinite-lived intangible assets, other accumulated adjustments	15,218		6,062
Indefinite-lived intangible assets, net	46,104		58,395
Existing technology
Purchased Intangible Assets
Intangible assets subject to amortization, gross	1,536,826		1,523,691
Intangible assets subject to amortization, accumulated amortization	705,476		668,175
Total	831,350		855,516
Customer relationships
Purchased Intangible Assets
Intangible assets subject to amortization, gross	358,567		366,567
Intangible assets subject to amortization, accumulated amortization	175,260		167,819
Total	183,307		198,748
Trade name / Trademark
Purchased Intangible Assets
Intangible assets subject to amortization, gross	116,583		121,083
Intangible assets subject to amortization, accumulated amortization	67,487		68,194
Total	49,096		52,889
Order backlog and other
Purchased Intangible Assets
Intangible assets subject to amortization, gross	85,836		87,836
Intangible assets subject to amortization, accumulated amortization	64,248		58,970
Total	$ 21,588		$ 28,866
Minimum | Existing technology
Purchased Intangible Assets
Range of Useful  Lives (in years)	4 years
Minimum | Customer relationships
Purchased Intangible Assets
Range of Useful  Lives (in years)	4 years
Minimum | Trade name / Trademark
Purchased Intangible Assets
Range of Useful  Lives (in years)	4 years
Minimum | Order backlog and other
Purchased Intangible Assets
Range of Useful  Lives (in years)	1 year
Maximum | Existing technology
Purchased Intangible Assets
Range of Useful  Lives (in years)	8 years
Maximum | Customer relationships
Purchased Intangible Assets
Range of Useful  Lives (in years)	9 years
Maximum | Trade name / Trademark
Purchased Intangible Assets
Range of Useful  Lives (in years)	7 years
Maximum | Order backlog and other
Purchased Intangible Assets
Range of Useful  Lives (in years)	9 years

GOODWILL AND PURCHASED INTANG_6

GOODWILL AND PURCHASED INTANGIBLE ASSETS - Amortization Expense for Purchased Intangible Assets (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Purchased Intangible Assets
Amortization of intangible assets	$ 65,225	$ 53,544
Amortization expense - Costs of revenues
Purchased Intangible Assets
Amortization of intangible assets	45,066	41,124
Amortization expense - SG&A
Purchased Intangible Assets
Amortization of intangible assets	20,128	12,389
Amortization expense - Research and development
Purchased Intangible Assets
Amortization of intangible assets	$ 31	$ 31

GOODWILL AND PURCHASED INTANG_7

GOODWILL AND PURCHASED INTANGIBLE ASSETS - Future Estimated Amortization Expense (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Jun. 30, 2022
Remaing Estimated Amortization Expense
2023 (remaining nine months)	$ 195,393
2024	238,575
2025	222,123
2026	206,211
2027	129,630
2028 and thereafter	93,409
Total	$ 1,085,341	$ 1,136,019

DEBT - Schedule of Debt (Detail

DEBT - Schedule of Debt (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Jun. 30, 2022
Debt Instrument
Total	$ 6,375,000	$ 6,725,000
Unamortized discount/premium, net	(18,720)	(19,304)
Unamortized debt issuance costs	(43,531)	(44,978)
Total	6,312,749	6,660,718
Long-term debt	6,312,749	6,660,718
Line of credit | Revolving Credit Facility
Debt Instrument
Debt outstanding	$ 425,000	$ 275,000
Effective interest rate	4.409%	2.258%
Fixed-rate 4.650% Senior Notes due on November 1, 2024 | Senior notes
Debt Instrument
Stated interest rate	4.65%
Debt outstanding	$ 750,000	$ 1,250,000
Effective interest rate	4.682%	4.682%
Fixed-rate 5.650% Senior Notes due on November 1, 2034 | Senior notes
Debt Instrument
Stated interest rate	5.65%
Debt outstanding	$ 250,000	$ 250,000
Effective interest rate	5.67%	5.67%
Fixed-rate 4.100% Senior Notes due on March 15, 2029 | Senior notes
Debt Instrument
Stated interest rate	4.10%
Debt outstanding	$ 800,000	$ 800,000
Effective interest rate	4.159%	4.159%
Fixed-rate 5.000% Senior Notes due on March 15, 2049 | Senior notes
Debt Instrument
Stated interest rate	5%
Debt outstanding	$ 400,000	$ 400,000
Effective interest rate	5.047%	5.047%
Fixed-rate 3.300% Senior Notes due on March 1, 2050 | Senior notes
Debt Instrument
Stated interest rate	3.30%
Debt outstanding	$ 750,000	$ 750,000
Effective interest rate	3.302%	3.302%
Fixed-rate 4.650% Senior Notes due on July 15, 2032 | Senior notes
Debt Instrument
Stated interest rate	4.65%	4.65%
Debt outstanding	$ 1,000,000	$ 1,000,000
Effective interest rate	4.657%	4.657%
Fixed-rate 4.950% Senior Notes due on July 15, 2052 | Senior notes
Debt Instrument
Stated interest rate	4.95%	4.95%
Debt outstanding	$ 1,200,000	$ 1,200,000
Effective interest rate	5.009%	5.009%
Fixed-rate 5.250% Senior Notes due on July 15, 2062 | Senior notes
Debt Instrument
Stated interest rate	5.25%	5.25%
Debt outstanding	$ 800,000	$ 800,000
Effective interest rate	5.259%	5.259%

DEBT - Senior Notes and Debt Re

DEBT - Senior Notes and Debt Redemption (Details) - USD ($)	3 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Jul. 31, 2022	Jun. 30, 2022	Feb. 29, 2020	Mar. 31, 2019	Nov. 30, 2014
Debt Instrument
Loss on extinguishment of debt	$ (13,286,000)	$ 0
Senior notes
Debt Instrument
Redemption price	101%
Fair value disclosure	$ 5,440,000,000			$ 6,390,000,000
Senior notes | 2022 Senior Notes
Debt Instrument
Debt face amount				3,000,000,000
Senior notes | Fixed-rate 4.650% Senior Notes due on July 15, 2032
Debt Instrument
Debt face amount				1,000,000,000
Debt outstanding	$ 1,000,000,000			$ 1,000,000,000
Stated interest rate	4.65%			4.65%
Senior notes | Fixed-rate 4.950% Senior Notes due on July 15, 2052
Debt Instrument
Debt face amount				$ 1,200,000,000
Debt outstanding	$ 1,200,000,000			$ 1,200,000,000
Stated interest rate	4.95%			4.95%
Senior notes | Fixed-rate 5.250% Senior Notes due on July 15, 2062
Debt Instrument
Debt face amount				$ 800,000,000
Debt outstanding	$ 800,000,000			$ 800,000,000
Stated interest rate	5.25%			5.25%
Senior notes | 2020 Senior Notes
Debt Instrument
Debt face amount					$ 750,000,000
Senior notes | 2019 Senior Notes
Debt Instrument
Debt face amount						$ 1,200,000,000
Senior notes | 2014 Senior Notes
Debt Instrument
Debt face amount							$ 2,500,000,000
Debt outstanding	$ 750,000,000			$ 1,250,000,000
Stated interest rate	4.65%
Debt repurchase amount			$ 500,000,000
Loss on extinguishment of debt	$ (13,300,000)

DEBT - Revolving Credit Facilit

DEBT - Revolving Credit Facility (Details)			1 Months Ended	3 Months Ended
	Sep. 30, 2022 USD ($) extension	Mar. 31, 2022 USD ($)	Nov. 30, 2017	Sep. 30, 2022 USD ($) extension	Jun. 30, 2022 USD ($) quarter	Sep. 30, 2021 USD ($)
Debt Instrument
Proceeds from revolving credit facility				$ 300,000,000		$ 300,000,000
Line of credit | Revolving credit facility
Debt Instrument
Maximum borrowing capacity		$ 1,000,000,000			$ 1,500,000,000
Debt instrument, term		5 years
Increase of borrowing capacity					250,000,000
Proceeds from revolving credit facility				300,000,000
Repayments of lines of credit				150,000,000
Debt outstanding	$ 425,000,000			$ 425,000,000	$ 275,000,000
Debt number of extension | extension	2			2
Extension period (in year)				1 year
Commitment fee percentage (in bps)	0.09%
Covenant compliance, number of consecutive quarters | quarter					4
Maximum leverage ratio	3.50			3.50	3.50
Maximum leverage ratio under a material acquisition or series of material acquisitions					4
Line of credit | Revolving credit facility | Minimum
Debt Instrument
Commitment fee percentage (in bps)			0.045%
Line of credit | Revolving credit facility | Maximum
Debt Instrument
Commitment fee percentage (in bps)			0.125%
Line of credit | Revolving credit facility | SOFR
Debt Instrument
Basis spread on variable rate (in bps)	1%		0.10%
Line of credit | Revolving credit facility | SOFR | Minimum
Debt Instrument
Basis spread on variable rate (in bps)			0.75%
Line of credit | Revolving credit facility | SOFR | Maximum
Debt Instrument
Basis spread on variable rate (in bps)			1.25%
Line of credit | Revolving credit facility | Alternative base rate | Minimum
Debt Instrument
Basis spread on variable rate (in bps)			0%
Line of credit | Revolving credit facility | Alternative base rate | Maximum
Debt Instrument
Basis spread on variable rate (in bps)			0.25%

LEASES - Additional Information

LEASES - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Jun. 30, 2022
Lessee, Lease, Description [Line Items]
Total lease expense	$ 9.4	$ 9.1
Operating leases, weighted average remaining lease term	4 years 9 months 18 days		4 years 9 months 18 days
Operating leases, weighted average discount rate	2.30%		2.18%
Minimum
Lessee, Lease, Description [Line Items]
Remaining lease terms	1 year
Maximum
Lessee, Lease, Description [Line Items]
Remaining lease terms	15 years

LEASES - Supplemental Cash Flow

LEASES - Supplemental Cash Flow Information Related to Leases (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Leases [Abstract]
Operating cash outflows from operating leases	$ 9,627	$ 9,485
Right of use assets obtained in exchange for new operating lease liabilities	$ 9,220	$ 5,955

LEASES - Maturities of Lease Li

LEASES - Maturities of Lease Liabilities (Details) $ in Thousands	Sep. 30, 2022 USD ($)
Operating Leases, After Adoption of 842
2023 (remaining nine months)	$ 25,807
2024	27,028
2025	21,023
2026	16,200
2027	11,987
2028 and thereafter	15,499
Total lease payments	117,544
Less imputed interest	(7,054)
Total	$ 110,490

EQUITY, LONG-TERM INCENTIVE C_3

EQUITY, LONG-TERM INCENTIVE COMPENSATION PLANS AND NON-CONTROLLING INTEREST - Equity Incentive Program and Assumed Equity Plans (Details) - shares shares in Thousands	Sep. 30, 2022	Jun. 30, 2022
2004 Plan
Share-based Compensation Arrangement by Share-based Payment Award
Number of shares available for grant (in shares)	8,425	9,242
Assumed Equity Plans
Share-based Compensation Arrangement by Share-based Payment Award
Number of shares available for grant (in shares)	19,947

EQUITY, LONG-TERM INCENTIVE C_4

EQUITY, LONG-TERM INCENTIVE COMPENSATION PLANS AND NON-CONTROLLING INTEREST - Equity Incentive Plans General Information (Details) shares in Thousands	3 Months Ended
	Sep. 30, 2022 shares
Restricted stock unit, Performance-based and Service-based | Senior Management
Total Shares Available for Grant under the Company's equity incentive plans:
Ending balance (in shares)	600
Number of shares available for grant (in shares)	600
2004 Plan
Total Shares Available for Grant under the Company's equity incentive plans:
Beginning balance (in shares)	9,242
Restricted stock units granted (in shares)	(883)
Restricted stock units canceled (in shares)	66
Ending balance (in shares)	8,425
Impact on share reserve multiplier	2
Number of shares available for grant (in shares)	8,425
2004 Plan | Restricted stock unit, Performance-based and Service-based
Total Shares Available for Grant under the Company's equity incentive plans:
Ending balance (in shares)	300
Number of shares available for grant (in shares)	300

EQUITY, LONG-TERM INCENTIVE C_5

EQUITY, LONG-TERM INCENTIVE COMPENSATION PLANS AND NON-CONTROLLING INTEREST - Share-based Compensation Expense (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Jun. 30, 2022
Stock-based compensation expense
Stock-based compensation expense	$ 34,982	$ 25,216
Stock-based compensation capitalized as inventory	9,700		$ 8,600
Costs of revenues
Stock-based compensation expense
Stock-based compensation expense	5,589	3,838
R&D
Stock-based compensation expense
Stock-based compensation expense	8,356	4,694
SG&A
Stock-based compensation expense
Stock-based compensation expense	$ 21,037	$ 16,684

EQUITY, LONG-TERM INCENTIVE C_6

EQUITY, LONG-TERM INCENTIVE COMPENSATION PLANS AND NON-CONTROLLING INTEREST - Restricted Stock Unit Activities (Details) $ / shares in Units, shares in Thousands, $ in Millions	3 Months Ended
	Sep. 30, 2022 USD ($) Installment $ / shares shares	Sep. 30, 2021 $ / shares	Jun. 30, 2022 shares
Restricted stock units
Restricted Stock Units Activity, Weighted Average Grant Date Fair Value Rollforward
Restricted stock units granted, weighted-average grant date fair value (in dollars per share) | $ / shares	$ 397.40	$ 353.71
Unrecognized stock-based compensation balance | $	$ 342.8
Estimated weighted-average amortization period	1 year 8 months 12 days
Intrinsic value | $	$ 510.8
Restricted stock unit, Service-based | Minimum
Restricted Stock Units Activity, Weighted Average Grant Date Fair Value Rollforward
Share-based vesting period	2 years
Restricted stock unit, Service-based | Maximum
Restricted Stock Units Activity, Weighted Average Grant Date Fair Value Rollforward
Share-based vesting period	4 years
Restricted Stock Unit, Market-based and Service-based
Restricted Stock Units Activity, Weighted Average Grant Date Fair Value Rollforward
Service and performance-based, number of equal vesting installments | Installment	3
Restricted Stock Unit, Market-based and Service-based | Minimum
Restricted Stock Units Activity, Weighted Average Grant Date Fair Value Rollforward
Share-based vesting period	3 years
Restricted Stock Unit, Market-based and Service-based | Maximum
Restricted Stock Units Activity, Weighted Average Grant Date Fair Value Rollforward
Share-based vesting period	4 years
2004 Plan
Restricted Stock Units Activity Rollforward
Granted (in shares)	883
Forfeited (in shares)	(66)
Restricted Stock Units Activity, Weighted Average Grant Date Fair Value Rollforward
Number of shares available for grant (in shares)	8,425		9,242
2004 Plan | Restricted stock units
Restricted Stock Units Activity Rollforward
Outstanding restricted stock units, beginning (in shares)	1,593
Granted (in shares)	441
Vested and released (in shares)	(171)
Withheld for taxes (in shares)	(141)
Forfeited (in shares)	(34)
Outstanding restricted stock units, ending (in shares)	1,688
Restricted Stock Units Activity, Weighted Average Grant Date Fair Value Rollforward
Outstanding restricted stock units beginning, weighted-average grant date fair value (in dollars per share) | $ / shares	$ 218.03
Restricted stock units granted, weighted-average grant date fair value (in dollars per share) | $ / shares	397.40
Restricted stock units vested and released, weighted-average grant date fair value (in dollars per share) | $ / shares	159.44
Restricted stock units withheld for taxes, weighted-average grant date fair value (in dollars per share) | $ / shares	159.44
Restricted stock units forfeited, weighted-average grant date fair value (in dollars per share) | $ / shares	139.31
Outstanding restricted stock units ending, weighted-average grant date fair value (in dollars per share) | $ / shares	$ 277.30
2004 Plan | Restricted stock unit, Performance-based and Service-based
Restricted Stock Units Activity, Weighted Average Grant Date Fair Value Rollforward
Number of shares available for grant (in shares)	300

EQUITY, LONG-TERM INCENTIVE C_7

EQUITY, LONG-TERM INCENTIVE COMPENSATION PLANS AND NON-CONTROLLING INTEREST - Weighted-Average Grant Date Fair Value (Details) - Restricted stock units - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Share-based Compensation Arrangement by Share-based Payment Award
Weighted-average grant date fair value per unit (in dollars per share)	$ 397.40	$ 353.71
Grant date fair value of vested RSUs	$ 49,906	$ 36,740
Tax benefits realized by us in connection with vested and released RSUs	$ 10,543	$ 9,008

EQUITY, LONG-TERM INCENTIVE C_8

EQUITY, LONG-TERM INCENTIVE COMPENSATION PLANS AND NON-CONTROLLING INTEREST - Cash-Based Long-Term Incentive Compensation (Details) - Cash long-term incentive plan $ in Millions	3 Months Ended
	Sep. 30, 2022 USD ($) Installment	Sep. 30, 2021 USD ($)
Cash Long-Term Incentive Plan
Cash-based long-term incentive plan, authorized amount	$ 0.1	$ 6.6
Cash long-term incentive plan, compensation expense	19.5	$ 21.8
Cash long-term incentive plan, unrecognized compensation balance	$ 150
Minimum
Cash Long-Term Incentive Plan
Cash long-term incentive plan, equal vesting installments | Installment	3
Cash long-term incentive plan, percentage of equal vesting installments	33.33%
Cash long-term incentive plan, vesting period	3 years
Maximum
Cash Long-Term Incentive Plan
Cash long-term incentive plan, equal vesting installments | Installment	4
Cash long-term incentive plan, percentage of equal vesting installments	25%
Cash long-term incentive plan, vesting period	4 years

EQUITY, LONG-TERM INCENTIVE C_9

EQUITY, LONG-TERM INCENTIVE COMPENSATION PLANS AND NON-CONTROLLING INTEREST - Employee Stock Purchase Plan (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Share-based Compensation Arrangement by Share-based Payment Award
ESPP, offering period	6 months
Employee Stock Purchase Plan Additional Information
ESPP maximum annual share replenishment (in shares)	2,000
Employee Stock Purchase Plan
Share-based Compensation Arrangement by Share-based Payment Award
ESPP maximum employee subscription rate	15%
ESPP, discount from market price, lesser of commencement of offering period or purchase date	85%
ESPP, Fair Value Assumptions and Methodology
Expected stock price volatility	41.60%	34.90%
Risk-free interest rate	1.10%	0.10%
Dividend yield	1.80%	1.40%
Expected life (in years)	6 months	6 months
Employee Stock Purchase Plan Additional Information
Number of shares purchased by employees through the ESPP (in shares)	0	0
Tax benefits realized by us in connection with the disqualifying dispositions of shares purchased under the ESPP	$ 562	$ 967
Weighted-average fair value per share based on Black-Scholes model (in dollars per share)	$ 73.31	$ 71.82
Number of shares available for grant (in shares)	2,200

EQUITY, LONG-TERM INCENTIVE _10

EQUITY, LONG-TERM INCENTIVE COMPENSATION PLANS AND NON-CONTROLLING INTEREST - Quarterly Cash Dividends (Details) - USD ($) $ / shares in Units, $ in Millions		3 Months Ended
	Sep. 01, 2022	Sep. 30, 2022	Sep. 30, 2021	Jun. 30, 2022
Dividends Payable
Cash dividends paid per share (in dollars per share)	$ 1.30
Restricted stock unit, Performance-based and Service-based
Dividends Payable
Dividends payable		$ 9.4		$ 11.2
Additional paid-in capital
Dividends Payable
Payment of dividends		$ 188	$ 162.8

EQUITY, LONG-TERM INCENTIVE _11

EQUITY, LONG-TERM INCENTIVE COMPENSATION PLANS AND NON-CONTROLLING INTEREST - Non-Controlling Interest (Details)	Jun. 30, 2022
Orbograph
Noncontrolling Interest [Line Items]
Non-controlling interest, ownership	94%

STOCK REPURCHASE PROGRAM - Addi

STOCK REPURCHASE PROGRAM - Additional Information (Details) shares in Millions		3 Months Ended
	Jun. 23, 2022 USD ($) financialInstitution	Jun. 30, 2022 USD ($) shares	Sep. 30, 2021 USD ($)	Sep. 30, 2022 USD ($)
Equity [Abstract]
Increase of stock repurchase program authorized amount		$ 6,000,000,000	$ 2,000,000,000
ASR agreement, number of financial institutions | financialInstitution	2
ASR agreement, upfront payment	$ 3,000,000,000
ASR agreement, number of shares received (in shares) | shares		6.5
ASR agreement, percentage of prepayment amount at market price	70%
ASR agreement, adjustment	$ 900,000,000
Remaining shares authorized to be repurchased, amount				$ 3,140,000,000

STOCK REPURCHASE PROGRAM - Summ

STOCK REPURCHASE PROGRAM - Summary of Share Repurchase Transactions (Details) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Equity, Class of Treasury Stock
Total cost of repurchases	$ 89,616	$ 399,677
Common Stock and Capital in Excess of Par Value, Shares
Equity, Class of Treasury Stock
Number of shares of common stock repurchased (in shares)	257	1,190

NET INCOME PER SHARE (Details)

NET INCOME PER SHARE (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Numerator:
Net income attributable to KLA	$ 1,025,991	$ 1,068,417
Denominator:
Weighted-average shares - basic, excluding unvested RSU's (in shares)	141,829	152,330
Effect of dilutive RSU's and options (in shares)	734	1,080
Weighted-average shares - diluted (in shares)	142,563	153,410
Basic net income per share attributable to KLA (in dollars per share)	$ 7.23	$ 7.01
Diluted net income per share attributable to KLA (in dollars per share)	$ 7.20	$ 6.96
Anti-dilutive securities excluded from the computation of diluted net income per share (in shares)	205	135

INCOME TAXES - Details of Incom

INCOME TAXES - Details of Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Income Tax Disclosure [Abstract]
Income before income taxes	$ 1,070,028	$ 766,348
Provision (benefit) for income taxes	$ 43,963	$ (302,137)
Effective tax rate	4.10%	(39.40%)

INCOME TAXES - Additional Infor

INCOME TAXES - Additional Information (Details) - Foreign Tax Authority - ITA - Orbotech $ in Millions	1 Months Ended
	Aug. 31, 2022 USD ($)
Income Tax Examination
Income tax examination, settlement payment including interest	$ 25.7
Income tax examination, refund adjustment from settlement	5.7
Income tax examination, current year election payment amount	$ 16.2

COMMITMENTS AND CONTINGENCIES_2

COMMITMENTS AND CONTINGENCIES (Details) $ in Thousands	3 Months Ended
	Sep. 30, 2022 USD ($) Installment	Sep. 30, 2021 USD ($)
Receivables Sold Under Factoring Agreements and Proceeds from Sales of LC
Receivables sold under factoring agreements	$ 104,247	$ 67,118
Proceeds from sales of LC	24,651	$ 21,673
Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits
Purchase commitments	$ 3,800,000
Purchase commitment, period	12 months
Cash-based long-term incentive plan, committed amount	$ 188,800
Guarantee arrangements to fund customs guarantees for VAT and other operating requirements	93,000
Outstanding guarantee arrangements to fund customs authorities for VAT and other operating requirements	$ 59,700
Minimum | Cash long-term incentive plan
Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits
Cash long-term incentive plan, equal vesting installments | Installment	3
Cash long-term incentive plan, percentage of equal vesting installments	33.33%
Cash long-term incentive plan, vesting period	3 years
Maximum | Cash long-term incentive plan
Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits
Cash long-term incentive plan, equal vesting installments | Installment	4
Cash long-term incentive plan, percentage of equal vesting installments	25%
Cash long-term incentive plan, vesting period	4 years

DERIVATIVE INSTRUMENTS AND HE_3

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES - Additional Information (Details) $ in Thousands	3 Months Ended
	Sep. 30, 2022 USD ($) derivativeInstrument	Sep. 30, 2021 USD ($)
Derivative
Reclassification adjustments increased interest expense on a net basis	$ 10,175	$ 1,218
Treasury lock
Derivative
Number of derivative instruments held | derivativeInstrument	4
Reclassification adjustments increased interest expense on a net basis	$ 900	$ 300
Derivatives designated as hedging instruments | Cash Flow Hedging | Treasury lock
Derivative
Unamortized portion of the fair value of derivative contracts	$ 53,900
Maximum | Derivatives designated as hedging instruments | Cash Flow Hedging
Derivative
Term of contract	18 months

DERIVATIVE INSTRUMENTS AND HE_4

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES - Gains (Losses) on Derivatives in Cash Flow Hedging Relationships Recognized in OCI (Details) - USD ($)	3 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Derivative
Amounts included in the assessment of effectiveness	$ 1,768,000	$ 852,000
Rate lock agreements | Cash Flow Hedging
Derivative
Amounts included in the assessment of effectiveness	937,000	0
Foreign exchange contracts | Cash Flow Hedging
Derivative
Amounts included in the assessment of effectiveness	816,000	853,000
Amounts excluded from the assessment of effectiveness	15,000	(1,000)
Foreign exchange contracts | Net investment hedging
Derivative
Amounts excluded from the assessment of effectiveness	0	0
Gains (losses) on derivatives in net investment hedging recognized in OCI	$ 3,679,000	$ 650,000

DERIVATIVE INSTRUMENTS AND HE_5

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES - Locations and Amounts of Designated and Non-Designated Derivative's Gains and Losses (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Derivative Instruments
Revenues	$ 2,724,424	$ 2,083,838
Costs of revenues and operating expenses	1,613,721	1,265,038
Interest expense	74,395	38,312
Other expense (income), net	(47,006)	14,140
Amount of gains (losses) reclassified from AOCI to earnings	10,175	1,218
Rate lock agreements | Revenues
Derivative Instruments
Amount of gains (losses) reclassified from AOCI to earnings	0	0
Rate lock agreements | Costs of Revenues and Operating Expenses
Derivative Instruments
Amount of gains (losses) reclassified from AOCI to earnings	0	0
Rate lock agreements | Interest Expense
Derivative Instruments
Amount of gains (losses) reclassified from AOCI to earnings	937	(279)
Rate lock agreements | Other Expense (Income), Net
Derivative Instruments
Amount of gains (losses) reclassified from AOCI to earnings	0	0
Foreign exchange contracts | Revenues
Derivative Instruments
Amount of gains (losses) reclassified from AOCI to earnings	14,915	1,843
Amount excluded from the assessment of effectiveness recognized in earnings	(310)	(114)
Amount of gains (losses) recognized in earnings	0	0
Foreign exchange contracts | Costs of Revenues and Operating Expenses
Derivative Instruments
Amount of gains (losses) reclassified from AOCI to earnings	(5,367)	(232)
Amount excluded from the assessment of effectiveness recognized in earnings	0	0
Amount of gains (losses) recognized in earnings	0	0
Foreign exchange contracts | Interest Expense
Derivative Instruments
Amount of gains (losses) reclassified from AOCI to earnings	0	0
Amount excluded from the assessment of effectiveness recognized in earnings	0	0
Amount of gains (losses) recognized in earnings	0	0
Foreign exchange contracts | Other Expense (Income), Net
Derivative Instruments
Amount of gains (losses) reclassified from AOCI to earnings	0	0
Amount excluded from the assessment of effectiveness recognized in earnings	455	657
Amount of gains (losses) recognized in earnings	$ 14,374	$ 1,069

DERIVATIVE INSTRUMENTS AND HE_6

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES - Schedule of Notional Amount (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Sep. 30, 2022	Jun. 30, 2022
Derivative
Remaining maturity	11 months	11 months
Derivatives designated as hedging instruments | Purchase | Other foreign currency hedge contracts
Derivative
Derivative, notional amount	$ 475,015	$ 565,586
Derivatives designated as hedging instruments | Purchase | Cash Flow Hedging | Foreign exchange contracts
Derivative
Derivative, notional amount	122,528	124,641
Derivatives designated as hedging instruments | Purchase | Net Investment Hedging | Foreign exchange contracts
Derivative
Derivative, notional amount	66,516	0
Derivatives designated as hedging instruments | Sell | Other foreign currency hedge contracts
Derivative
Derivative, notional amount	435,525	389,368
Derivatives designated as hedging instruments | Sell | Cash Flow Hedging | Foreign exchange contracts
Derivative
Derivative, notional amount	207,905	176,259
Derivatives designated as hedging instruments | Sell | Net Investment Hedging | Foreign exchange contracts
Derivative
Derivative, notional amount	$ 66,436	$ 66,436

DERIVATIVE INSTRUMENTS AND HE_7

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES - Schedule of Derivative Instruments (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Jun. 30, 2022
Derivative Assets and Liabilities, at Fair Value, Net, by Balance Sheet Classification
Asset derivatives fair value	$ 44,989	$ 40,311
Liability derivatives fair value	43,087	34,315
Other current assets
Derivative Assets and Liabilities, at Fair Value, Net, by Balance Sheet Classification
Asset derivatives fair value	44,989	40,311
Other current liabilities
Derivative Assets and Liabilities, at Fair Value, Net, by Balance Sheet Classification
Liability derivatives fair value	(43,087)	34,315
Derivatives designated as hedging instruments | Other current assets
Derivative Assets and Liabilities, at Fair Value, Net, by Balance Sheet Classification
Asset derivatives fair value	21,176	20,595
Derivatives designated as hedging instruments | Other current liabilities
Derivative Assets and Liabilities, at Fair Value, Net, by Balance Sheet Classification
Liability derivatives fair value	(12,989)	8,406
Derivatives not designated as hedging instruments | Other current assets
Derivative Assets and Liabilities, at Fair Value, Net, by Balance Sheet Classification
Asset derivatives fair value	23,813	19,716
Derivatives not designated as hedging instruments | Other current liabilities
Derivative Assets and Liabilities, at Fair Value, Net, by Balance Sheet Classification
Liability derivatives fair value	(30,098)	25,909
Foreign exchange contracts | Derivatives designated as hedging instruments | Other current assets
Derivative Assets and Liabilities, at Fair Value, Net, by Balance Sheet Classification
Asset derivatives fair value	21,176	20,595
Foreign exchange contracts | Derivatives designated as hedging instruments | Other current liabilities
Derivative Assets and Liabilities, at Fair Value, Net, by Balance Sheet Classification
Liability derivatives fair value	(12,989)	8,406
Foreign exchange contracts | Derivatives not designated as hedging instruments | Other current assets
Derivative Assets and Liabilities, at Fair Value, Net, by Balance Sheet Classification
Asset derivatives fair value	23,813	19,716
Foreign exchange contracts | Derivatives not designated as hedging instruments | Other current liabilities
Derivative Assets and Liabilities, at Fair Value, Net, by Balance Sheet Classification
Liability derivatives fair value	$ (30,098)	$ 25,909

DERIVATIVE INSTRUMENTS AND HE_8

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES - Changes of OCI, Before Taxes, Related to Derivatives (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Accumulated Other Comprehensive Income [Roll Forward]
Beginning balance	$ 1,401,351
Ending balance	2,102,074
AOCI, derivative
Accumulated Other Comprehensive Income [Roll Forward]
Beginning balance	77,018	$ (25,830)
Amount reclassified to earnings as net (gains) losses	(10,175)	(1,218)
Net change in unrealized gains (losses)	5,447	1,502
Ending balance	$ 72,290	$ (25,546)

DERIVATIVE INSTRUMENTS AND HE_9

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES - Offsetting of Derivative Assets and Liabilities (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Jun. 30, 2022
Derivatives - assets
Derivative - assets, Gross Amounts of Derivatives	$ 44,989	$ 40,311
Derivatives - assets, Gross Amounts of Derivatives Offset in the Condensed Consolidated Balance Sheets	0	0
Derivatives - assets, Net Amount of Derivatives Presented in the Condensed Consolidated Balance Sheets	44,989	40,311
Derivatives - assets, Financial Instruments	(27,133)	(12,291)
Derivatives - assets, Cash Collateral Received	0	0
Derivatives - assets, Net Amount	17,856	28,020
Derivatives - liabilities
Derivatives - liabilities, Gross Amounts of Derivatives	(43,087)	(34,315)
Derivatives - liabilities, Gross Amounts of Derivatives Offset in the Condensed Consolidated Balance Sheets	0	0
Derivatives - liabilities, Net Amount of Derivatives Presented in the Condensed Consolidated Balance Sheets	(43,087)	(34,315)
Derivatives - liabilities, Financial Instruments	27,133	12,291
Derivatives - liabilities, Cash Collateral Received	0	0
Derivatives - liabilities, Net Amount	$ (15,954)	$ (22,024)

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Jun. 30, 2022
Related Party Transactions [Abstract]
Total revenues	$ 757	$ 79
Total purchases	245	$ 359
Accounts receivables	$ 1,500		$ 1,100

SEGMENT REPORTING AND GEOGRAP_3

SEGMENT REPORTING AND GEOGRAPHIC INFORMATION - Additional Information (Details) - segment	3 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Segment Reporting and Geographic Information
Number of reportable segments	3
Number of operating segments	5
Customer Concentration Risk | Revenue from Contract with Customer Benchmark | Largest Customer
Segment Reporting and Geographic Information
Concentration risk, percentage	20%	24%
Customer Concentration Risk | Revenue from Contract with Customer Benchmark | Second Largest Customer
Segment Reporting and Geographic Information
Concentration risk, percentage	11%
Semiconductor Process Control
Segment Reporting and Geographic Information
Number of operating segments	2
Specialty Semiconductor Process
Segment Reporting and Geographic Information
Number of operating segments	1
PCB, Display and Component Inspection
Segment Reporting and Geographic Information
Number of operating segments	2

SEGMENT REPORTING AND GEOGRAP_4

SEGMENT REPORTING AND GEOGRAPHIC INFORMATION - Summary of Results for Reportable Segments (Details) $ in Thousands	3 Months Ended
	Sep. 30, 2022 USD ($) segment	Sep. 30, 2021 USD ($)
Segment Reporting and Geographic Information
Number of reportable segments | segment	3
Revenues	$ 2,724,424	$ 2,083,838
Operating segments
Segment Reporting and Geographic Information
Revenues	2,726,371	2,083,920
Segment gross profit	1,729,696	1,311,126
Operating segments | Semiconductor Process Control:
Segment Reporting and Geographic Information
Revenues	2,397,759	1,779,083
Segment gross profit	1,576,982	1,161,929
Operating segments | Specialty Semiconductor Process
Segment Reporting and Geographic Information
Revenues	127,867	102,029
Segment gross profit	67,040	54,721
Operating segments | PCB, Display and Component Inspection
Segment Reporting and Geographic Information
Revenues	200,745	202,808
Segment gross profit	$ 85,674	$ 94,476

SEGMENT REPORTING AND GEOGRAP_5

SEGMENT REPORTING AND GEOGRAPHIC INFORMATION - Reconciliation of Total Reportable Segments Revenue to Total Revenue (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	$ 2,724,424	$ 2,083,838
Operating segments
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	2,726,371	2,083,920
Corporate allocations and effects of changes in foreign currency exchange rates
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	$ (1,947)	$ (82)

SEGMENT REPORTING AND GEOGRAP_6

SEGMENT REPORTING AND GEOGRAPHIC INFORMATION - Reconciliation of Total Segment Gross Margin to Total Income Before Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Acquisition-related charges, corporate allocations, and effects of changes in foreign currency exchange rates	$ 46,498	$ 40,912
R&D	318,515	258,153
SG&A	253,980	193,261
Interest expense	74,395	38,312
Loss on extinguishment of debt	(13,286)	0
Other expense (income), net	(47,006)	14,140
Income before income taxes	1,070,028	766,348
Operating segments
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Total segment gross profit	$ 1,729,696	$ 1,311,126

SEGMENT REPORTING AND GEOGRAP_7

SEGMENT REPORTING AND GEOGRAPHIC INFORMATION - Schedule of Revenue from External Customers (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Segment Reporting and Geographic Information
Revenues	$ 2,724,424	$ 2,083,838
China
Segment Reporting and Geographic Information
Revenues	839,661	685,156
Taiwan
Segment Reporting and Geographic Information
Revenues	748,334	627,084
Korea
Segment Reporting and Geographic Information
Revenues	407,462	239,183
North America
Segment Reporting and Geographic Information
Revenues	233,754	177,740
Europe and Israel
Segment Reporting and Geographic Information
Revenues	164,073	87,440
Japan
Segment Reporting and Geographic Information
Revenues	217,709	175,167
Rest of Asia
Segment Reporting and Geographic Information
Revenues	$ 113,431	$ 92,068
Geographic Concentration Risk | Revenue from Contract with Customer Benchmark
Segment Reporting and Geographic Information
Concentration risk, percentage	100%	100%
Geographic Concentration Risk | Revenue from Contract with Customer Benchmark | China
Segment Reporting and Geographic Information
Concentration risk, percentage	31%	33%
Geographic Concentration Risk | Revenue from Contract with Customer Benchmark | Taiwan
Segment Reporting and Geographic Information
Concentration risk, percentage	27%	30%
Geographic Concentration Risk | Revenue from Contract with Customer Benchmark | Korea
Segment Reporting and Geographic Information
Concentration risk, percentage	15%	12%
Geographic Concentration Risk | Revenue from Contract with Customer Benchmark | North America
Segment Reporting and Geographic Information
Concentration risk, percentage	9%	9%
Geographic Concentration Risk | Revenue from Contract with Customer Benchmark | Europe and Israel
Segment Reporting and Geographic Information
Concentration risk, percentage	6%	4%
Geographic Concentration Risk | Revenue from Contract with Customer Benchmark | Japan
Segment Reporting and Geographic Information
Concentration risk, percentage	8%	8%
Geographic Concentration Risk | Revenue from Contract with Customer Benchmark | Rest of Asia
Segment Reporting and Geographic Information
Concentration risk, percentage	4%	4%

SEGMENT REPORTING AND GEOGRAP_8

SEGMENT REPORTING AND GEOGRAPHIC INFORMATION - Revenue from External Customers by Products and Services (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Revenue from External Customer
Revenues	$ 2,724,424	$ 2,083,838
Wafer Inspection
Revenue from External Customer
Revenues	1,102,542	887,512
Patterning
Revenue from External Customer
Revenues	733,370	439,591
Specialty Semiconductor Process
Revenue from External Customer
Revenues	114,444	93,120
PCB, Display and Component Inspection
Revenue from External Customer
Revenues	134,443	137,887
Services
Revenue from External Customer
Revenues	528,815	453,950
Other
Revenue from External Customer
Revenues	$ 110,810	$ 71,778
Product Concentration Risk | Revenue from Contract with Customer Benchmark
Revenue from External Customer
Concentration risk, percentage	100%	100%
Product Concentration Risk | Revenue from Contract with Customer Benchmark | Wafer Inspection
Revenue from External Customer
Concentration risk, percentage	41%	43%
Product Concentration Risk | Revenue from Contract with Customer Benchmark | Patterning
Revenue from External Customer
Concentration risk, percentage	27%	21%
Product Concentration Risk | Revenue from Contract with Customer Benchmark | Specialty Semiconductor Process
Revenue from External Customer
Concentration risk, percentage	4%	4%
Product Concentration Risk | Revenue from Contract with Customer Benchmark | PCB, Display and Component Inspection
Revenue from External Customer
Concentration risk, percentage	5%	7%
Product Concentration Risk | Revenue from Contract with Customer Benchmark | Services
Revenue from External Customer
Concentration risk, percentage	19%	22%
Product Concentration Risk | Revenue from Contract with Customer Benchmark | Other
Revenue from External Customer
Concentration risk, percentage	4%	3%

SEGMENT REPORTING AND GEOGRAP_9

SEGMENT REPORTING AND GEOGRAPHIC INFORMATION - Land, Property and Equipment, Net by Geographic Region (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Jun. 30, 2022
Revenues from External Customers and Long-Lived Assets
Land, property and equipment, net	$ 913,002	$ 849,929
United States
Revenues from External Customers and Long-Lived Assets
Land, property and equipment, net	596,069	547,454
Singapore
Revenues from External Customers and Long-Lived Assets
Land, property and equipment, net	148,789	146,057
Israel
Revenues from External Customers and Long-Lived Assets
Land, property and equipment, net	73,965	72,791
Europe
Revenues from External Customers and Long-Lived Assets
Land, property and equipment, net	62,404	55,370
Rest of Asia
Revenues from External Customers and Long-Lived Assets
Land, property and equipment, net	$ 31,775	$ 28,257

RESTRUCTURING CHARGES (Details)

RESTRUCTURING CHARGES (Details) - USD ($) $ in Millions	3 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Jun. 30, 2022
Restructuring and Related Activities [Abstract]
Restructuring charges	$ 16.2	$ 0.5
Restructuring reserve	$ 5.4		$ 2.1