XML 83 R34.htm IDEA: XBRL DOCUMENT v2.4.0.6
Retirement Benefits (Tables)
12 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Qualified And Nonqualified Pension Plans [Abstract]    
Schedule of assumptions used to determine net periodic benefit cost
                   
  Year Ended June 30,
  2012 2011 2010
  North    North    North   
  AmericaEurope AmericaEurope AmericaEurope
Discount rate 5.79% 5.59% 5.80% 5.25% 6.43% 6.03%
Expected long-term rate of return on assets 8.14% 6.78% 8.16% 6.79% 8.11% 6.48%
Rate of increase in compensation levels 3.82% 3.93% 3.88% 3.88% 3.93% 5.09%
 
Schedule of assumptions used to determine the projected benefit obligation
               
   June 30, 2012 June 30, 2011 
   North    North    
   America Europe America Europe 
 Discount rate 4.86% 4.80% 5.79% 5.62% 
 Rate of increase in compensation levels 4.35% 3.93% 3.82% 3.93% 
 
Schedule of net benefit costs Pension
                  
 Year ended June 30,
 2012 2011 2010
 North    North    North   
 AmericaEuropeAmericaEuropeAmericaEurope
Service cost$ 61,158 $ 10,199 $ 58,050 $ 12,218 $ 38,068 $ 9,844
Interest cost  141,390   38,173   139,840   39,000   95,845   30,631
Expected return on plan assets  (172,827)   (44,922)   (158,708)   (40,420)   (93,257)   (27,078)
Amortization of net loss/(gain)  18,240   (3,717)   23,997   5,574   15,275   2,615
Amortization of prior service                 
(credit)/cost  (8,338)   41   (6,632)   41   (1,623)   41
Settlement/curtailment loss/(gain)  -   4,258   4,170   (2,323)   2,293   64
Other adjustments (a)  9,512   545   868   44   -   860
Net periodic benefit cost$ 49,135 $ 4,577 $ 61,585 $ 14,134 $ 56,601 $ 16,977
 
Schedule of changes to OCI
              
  2012 2011 
  North    North    
  AmericaEuropeAmericaEurope 
 Current year actuarial loss/(gain)$ 314,754   110,377 $ (172,078) $ (107,560) 
 Amortization of actuarial (gain)/loss  (18,240)   3,717   (23,997)   (5,574) 
 Current year prior service credit  -   -   (73,926)   - 
 Amortization of prior service credit/(cost)  8,338   (41)   6,632   (41) 
 Recognition of actuarial gain/(loss)             
  due to settlement/curtailment  -   (4,258)   (4,170)   2,323 
 Other  (13,477)   (1,512)   5,378   4,058 
 Total recognized in other comprehensive loss/(income)$ 291,375 $ 108,283 $ (262,161) $ (106,794) 
 
Schedule of amounts in AOCI to be recognized over next fiscal year
        
  2013 
  North    
  AmericaEurope 
 Actuarial loss$ 45,608 $ 5,865 
 Prior service (credit)/cost  (8,378)   41 
 Total$ 37,230 $ 5,906 
 
Qualified pension schedule of changes/status
              
  2012 2011 
  North    North    
  AmericaEuropeAmericaEurope 
 Change in Benefit Obligation            
 Benefit obligation at beginning of year$ 2,052,003 $ 622,364 $ 1,974,882 $ 617,365 
 Service cost  49,512   6,787   46,955   8,239 
 Interest cost  116,660   33,074   112,391   34,236 
 Actuarial losses/(gains)  297,678   86,884   32,756   (68,732) 
 Benefit payments  (88,462)   (43,336)   (83,171)   (15,332) 
 Participant contributions  -   -   -   1,740 
 Plan amendments and other  -   -   (55,930)   44 
 Curtailments  -   -   -   (4,889) 
 Foreign currency adjustment  (15,387)   (17,023)   24,120   49,693 
 Benefit obligation at end of year$ 2,412,004 $ 688,750 $ 2,052,003 $ 622,364 
              
 Change in Plan Assets            
 Fair value of plan assets at beginning of year$ 2,174,879 $ 679,159 $ 1,832,004 $ 562,542 
 Actual return on plan assets  172,520   50,934   369,875   64,026 
 Company contributions  22,472   20,437   36,346   19,216 
 Participant contributions  -   -   -   1,740 
 Benefit payments  (88,462)   (43,336)   (83,171)   (15,332) 
 Other  -   698   -   (116) 
 Foreign currency adjustment  (12,091)   (18,909)   19,825   47,083 
 Fair value of plan assets at end of year$ 2,269,318 $ 688,983 $ 2,174,879 $ 679,159 
              
 Funded status at end of year$ (142,686) $ 233 $ 122,876 $ 56,795 
              
 Accumulated Benefit Obligation$ 2,370,664 $ 667,092 $ 2,013,171 $ 602,193 
              
              
  2012 2011 
  North    North    
  AmericaEuropeAmericaEurope 
 Amounts recognized in Consolidated Balance            
  Sheets consist of:            
 Noncurrent assets$ - $ 8,802 $ 179,546 $ 56,795 
 Noncurrent liabilities  (142,686)   (8,569)   (56,670)   - 
 Net amount recognized$ (142,686) $ 233 $ 122,876 $ 56,795 
              
 Amounts recognized in Accumulated Other            
  Comprehensive Income consist of:            
 Net actuarial loss/(gain)$ 405,943 $ 48,623 $ 136,080 $ (30,437) 
 Net prior service (credit)/cost  (54,726)   520   (61,210)   573 
 Accumulated Other Comprehensive Loss/(Income)$ 351,217 $ 49,143 $ 74,870 $ (29,864) 
 
Schedule of benefit obligations in excess of fair value of plan assets
              
  2012 2011 
  North    North    
  AmericaEuropeAmericaEurope 
              
 Projected benefit obligation at end of year$ 1,175,875 $ 273,845 $ 972,481 $ - 
 Fair value of plan assets at end of year$ 939,772 $ 265,276 $ 915,811 $ - 
 
Schedule of accumulated benefit obligations in excess of fair value of plan assets
              
  2012 2011 
  North    North    
  AmericaEuropeAmericaEurope 
              
 Projected benefit obligation at end of year$ 1,175,875 $ 273,845 $ 277,907 $ - 
 Accumulated benefit obligation at end of year$ 1,134,535 $ 273,845 $ 243,221 $ - 
 Fair value of plan assets at end of year$ 939,772 $ 265,276 $ 223,457 $ - 
 
Nonqualified pension schedule of changes/status
        
  June 30, 
  2012 2011 
 Change in Benefit Obligation      
 Benefit obligation at beginning of year$ 601,604 $ 627,474 
 Service cost  15,059   15,075 
 Interest cost  29,829   32,213 
 Actuarial losses/(gains)  46,273   (4,117) 
 Benefit payments  (84,419)   (78,242) 
 Plan amendments and other  -   (17,127) 
 Foreign currency adjustment  (20,413)   26,328 
 Benefit obligation at end of year$ 587,933 $ 601,604 
        
 Change in Plan Assets      
 Fair value of plan assets, beginning of year$ - $ - 
 Actual return on plan assets  -   - 
 Company contributions  84,419   78,242 
 Participant contributions  -   - 
 Benefit payments  (84,419)   (78,242) 
 Foreign currency adjustment  -   - 
 Fair value of plan assets, end of year$ - $ - 
 Funded status at end of year$ (587,933) $ (601,604) 
        
 Amounts recognized in Consolidated Balance Sheets consist of:      
 Noncurrent assets$ - $ - 
 Current liabilities  (93,180)   (91,499) 
 Noncurrent liabilities  (494,753)   (510,105) 
 Net amount recognized$ (587,933) $ (601,604) 
        
 Amounts recognized in Accumulated Other Comprehensive Income consist of:      
 Net actuarial loss$ 69,280 $ 26,826 
 Net prior service credit  (14,751)   (16,600) 
 Accumulated Other Comprehensive Income$ 54,529 $ 10,226 
        
 Information for plans with obligations in excess of plan assets:      
 Projected benefit obligation$ 587,933 $ 601,604 
 Accumulated benefit obligation  576,420   590,644 
 Fair value of plan assets  -   - 
 
Fair Value Measurements [Abstract]    
Schedule of Fair Value of Plan Assets and Liabilities
                      
  Fair Value Measurements at June 30, 2012
  Level 1 Level 2Level 3 Total
  North    North   North      
  America Europe AmericaEuropeAmerica Europe   
Asset category:                    
Cash$ 4,342   15,844   - $ - $ -   - $ 20,186
Cash equivalents  -   -   22,988   -   -   -   22,988
Equity securities:                    
 U.S. large cap companies  37,422   -   -   -   -   -   37,422
 U.S. mid cap companies  72,427   -   -   -   -   -   72,427
 U.S. small cap companies  82,686   -   -   -   -   -   82,686
 International equities  274,893   14,984   -   -   -   -   289,877
Fixed income:                    
 U.S. treasuries  252,512   -   11,241   -   -   -   263,753
 Corporate bonds (S&P rating of A or higher)  -   -   236,033   122,236   -   -   358,269
 Corporate bonds (S&P rating of lower than A)  -   -   248,120   -   -   -   248,120
 Other fixed income  -   138,028   45,772(b)  -(b)  -   -   183,800
Pooled funds  -   -   415,416(c)  353,071(c)  -   -   768,487
Mutual funds  -   -   504,756   -   -   -   504,756
Private equity  -   -   -   -   62,601   28,973   91,574
Derivatives  -   -   12,968(d)  -   -   -   12,968
Insurance contracts  -   -   -   -   -   15,848   15,848
 Total assets$ 724,282 $ 168,856 $ 1,497,294 $ 475,307 $ 62,601 $ 44,821 $ 2,973,161
                      
Liability category:                    
Derivatives$ - $ - $ 13,133(d)$ - $ - $ - $ 13,133
                      
 Net assets$ 724,282 $ 168,856 $ 1,484,161 $ 475,307 $ 62,601 $ 44,821 $ 2,960,028
                      
                      
  Fair Value Measurements at June 30, 2011
  Level 1 Level 2Level 3 Total
  North    North   North      
  America Europe AmericaEuropeAmerica Europe   
Asset category:                    
Cash$ 5,837 $ 15,179 $ - $ - $ - $ - $ 21,016
Cash equivalents  -   -   40,053   -   -   -   40,053
Equity securities:                    
 U.S. large cap companies  30,479   -   -   -   -   -   30,479
 U.S. mid cap companies  73,887   -   -   -   -   -   73,887
 U.S. small cap companies  86,199   -   -   -   -   -   86,199
 International equities  213,275   14,452   -   -   -   -   227,727
Fixed income:                    
 U.S. treasuries  46,660   -   152,986   -   -   -   199,646
 Corporate bonds  -   -   428,156   112,930   -   -   541,086
 Other fixed income  72,002   121,247   50,183(b)  26,263(b)  -   -   269,695
Pooled funds  -   -   434,208(c)  353,161(c)  -   -   787,369
Mutual funds  -   -   488,495   -   -   -   488,495
Private equity  -   -   -   -   50,066   18,085   68,151
Derivatives  -   -   30,377(d)  -   -   -   30,377
Insurance contracts  -   -   -   -   -   17,841   17,841
 Total assets$ 528,339   150,878   1,624,458   492,354   50,066   35,926   2,882,021
                      
Liability category:                    
Derivatives$ - $ - $ 32,542(d)$ - $ - $ - $ 32,542
                      
 Net assets$ 528,339   150,878   1,591,916   492,354   50,066   35,926   2,849,479
Reconciliation Of Net Assets To Fair Value Of Plan Assets [Table Text Block]
         
   June 30, 
   2012 2011 
 Net assets held in investments $ 2,960,028 $ 2,849,479 
 Dividend and interest receivable   -   4,559 
 Administrative Expenses   (1,727)   - 
  Fair value of plan assets $ 2,958,301 $ 2,854,038 
 
Level Three Rollforward
          
  Private Insurance  
  Equity Contracts Total
Beginning balance at June 30, 2010 $ 46,843 $ 14,406 $ 61,249
Net actual return on plan assets relating to assets still held at the         
end of the year   6,817   55   6,872
Net purchases, sales and settlements   13,624   719   14,343
Change in foreign currency exchange rates   867   2,661   3,528
Ending balance at June 30, 2011 $ 68,151 $ 17,841 $ 85,992
Net actual return on plan assets relating to assets still held at the         
end of the year   2,648   633   3,281
Net purchases, sales and settlements   21,652   (468)   21,184
Change in foreign currency exchange rates   (877)   (2,158)   (3,035)
Ending balance at June 30, 2012 $ 91,574 $ 15,848 $ 107,422
 
Schedule of Pension Contributions
            
   2013 2012 2011 
   (Projected) (Actual) (Actual) 
 U.S $ 50,000 $ 7,000 $ 30,000 
 Canada   27,661   15,473   6,346 
 Europe   38,820   20,437   19,216 
 
Schedule of Expected Benefit Payments
            
   Benefit Payments 
   North       
 Fiscal Year America Europe Total 
 2013 $ 184,520 $ 44,934 $ 229,454 
 2014   169,947   19,500   189,447 
 2015   156,556   24,341   180,897 
 2016   158,247   23,691   181,938 
 2017   162,668   27,863   190,531 
 Years 2018 - 2022   931,636   172,955   1,104,591 
   $ 1,763,574 $ 313,284 $ 2,076,858 
 
Other Post Retirement Benefit Plans [Abstract]    
OPEB Assumptions
          
  Year Ended June 30,
  2012 2011 2010
Discount rate 5.65% 5.59% 6.53%
Expected long-term rate of return on assets 2.00% 2.00% 2.00%
Rate of increase in compensation levels 4.06% 4.07% 3.29%
Health care cost trend (decreasing to 5.00% in 2016 and thereafter) 7.61% 8.03% 9.63%
          
  June 30,   
  2012 2011   
Health care cost trend (decreasing to 5.00% in 2016 and thereafter) 7.16% 7.61%   
Discount rate, accumulated postretirement benefit obligation 4.80% 5.65%   
Rate of compensation increase 4.50% 4.06%   
 
Schedule of effect of 1% change in assumed health care cost trend rates
         
   1% 1% 
   Increase Decrease 
 Effect on net periodic postretirement benefit cost in fiscal year 2012 $ 258 $ (212) 
 Effect on accumulated postretirement benefit obligation as of June 30, 2012   4,280   (3,537) 
 
Schedule of net benefit costs OPEB
            
   Year Ended June 30, 
   2012 2011 2010 
 Service cost $ 2,987 $ 4,211 $ 3,313 
 Interest cost   10,966   11,706   8,387 
 Expected return on assets   (132)   (132)   (66) 
 Amortization of net unrecognized losses/(gains)   2,206   1,674   (1,151) 
 Amortization of prior service credit   (8,705)   (6,842)   (571) 
 Curtailment   -   (2,209)   - 
 Net periodic postretirement benefit cost $ 7,322 $ 8,408 $ 9,912 
 
Schedule of changes to OCI OPEB
         
   2012 2011 
 Current year actuarial (gain)/loss $ (19,357) $ 12,771 
 Amortization of actuarial loss   (2,206)   (1,674) 
 Current year prior service credit   -   (63,745) 
 Amortization of prior service credit   8,705   6,842 
 Accelerated recognition of prior service credit       
  due to curtailment   -   2,209 
 Other   (187)   (53) 
 Total recognized in other comprehensive income $ (13,045) $ (43,650) 
 
Schedule of amounts in AOCI related to the OPEB to be recognized over next fiscal year
      
   2013 
 Actuarial loss $ 346 
 Prior service credit   (8,212) 
 Total $ (7,866) 
 
OPEB schedule of changes/status
        
  June 30, 
  2012 2011 
 Change in Benefit Obligation      
 Benefit obligation at beginning of year$ 201,929 $ 245,540 
 Service cost  2,987   4,211 
 Interest cost  10,965   11,706 
 Actuarial (gains)/losses  (19,537)   12,645 
 Benefit payments  (16,077)   (14,397) 
 Less: Medicare Part D  904   809 
 Participant contributions  9,206   2,795 
 Plan amendments and other  -   (63,745) 
 Foreign currency adjustment  (1,514)   2,365 
 Benefit obligation at end of year$ 188,863 $ 201,929 
        
 Change in Plan Assets      
 Fair value of plan assets at beginning of year$ 6,580 $ 6,575 
 Actual return on plan assets  (55)   5 
 Company contributions  6,871   11,602 
 Participant contributions  9,206   2,795 
 Benefit payments  (16,077)   (14,397) 
 Fair value of plan assets at end of year$ 6,525 $ 6,580 
        
 Funded status at end of year$ (182,338) $ (195,349) 
        
 Amounts recognized in Consolidated Balance Sheets consist of:      
 Noncurrent assets$ - $ - 
 Current liabilities  (7,070)   (5,245) 
 Noncurrent liabilities  (175,268)   (190,104) 
 Net amount recognized$ (182,338) $ (195,349) 
        
 Amounts recognized in Accumulated Other Comprehensive Income consist of:      
 Net actuarial loss$ (9,481) $ 12,397 
 Net prior service credit  (49,056)   (57,899) 
 Accumulated Other Comprehensive Income$ (58,537) $ (45,502) 
 
OPEB Expected Payments and Subsidies
   Expected    
   benefit Retiree drug 
 Fiscal Year payments subsidy 
 2013 $ 17,225   548 
 2014   18,092   355 
 2015   19,381   121 
 2016   20,825   118 
 2017   22,241   114 
 Years 2018-2022   130,861   475 
   $ 228,625 $ 1,731