Financial Instruments (Tables)

9 Months Ended

Mar. 31, 2015

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Available-for-sale Securities

The amortized cost and fair value of available-for-sale investments at March 31, 2015 are as follows:

	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
Fixed income mutual funds	$	222,088	$	301	$	—	$	222,389
Government bonds	63,594		5		6		63,593
Corporate bonds	138,319		—		154		138,165
Asset-backed and mortgage-backed securities	10,753		2		17		10,738

Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value

Investments Classified by Contractual Maturity Date

The contractual maturities of available-for-sale investments at March 31, 2015 are as follows:

	Amortized Cost		Fair Value
Less than one year	$	19,245	$	19,239
One to three years	179,575		179,434
Above three years	13,846		13,823

Schedule of Carrying Values and Estimated Fair Values of Debt Instruments

he carrying value of long-term debt (excluding capital leases) and estimated fair value of long-term debt (excluding capital leases) are as follows:

	March 31, 2015		June 30, 2014
Carrying value of long-term debt (excluding capital leases)	$	2,939,620	$	1,508,420
Estimated fair value of long-term debt (excluding capital leases)	3,295,663		1,708,723

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value

The following summarizes the location and fair value of derivative financial instruments reported in the Consolidated Balance Sheet as of March 31, 2015 and June 30, 2014:

	Balance Sheet Caption	March 31, 2015		June 30, 2014
Net investment hedges
Cross-currency swap contracts	Other assets	$	26,747	$	—
Cross-currency swap contracts	Other liabilities	—		45,790
Cash flow hedges
Costless collar contracts	Non-trade and notes receivable	7,712		3,508
Forward exchange contracts	Non-trade and notes receivable	63		(41		)
Costless collar contracts	Other accrued liabilities	6,651		378

Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance

Gains (losses) on derivative financial instruments that were recorded in the Consolidated Statement of Income are as follows:

	Three Months Ended					Nine Months Ended
	March 31,					March 31,
	2015			2014		2015			2014
Forward exchange contracts	$	(331	)	$	442	$	148		$	(182	)
Costless collar contracts	(424		)	766		(1,788		)	7,486

Gains (losses) on derivative and non-derivative financial instruments that were recorded in accumulated other comprehensive (loss) in the Consolidated Balance Sheet are as follows:

	Three Months Ended					Nine Months Ended
	March 31,					March 31,
	2015		2014			2015		2014
Cross-currency swap contracts	$	22,684	$	(2,393	)	$	44,813	$	(13,881	)
Foreign denominated debt	17,151		(1,013		)	42,296		(7,895		)

Schedule of Financial Assets & Liabilities Measured at Fair Value

A summary of financial assets and liabilities that were measured at fair value on a recurring basis at March 31, 2015 and June 30, 2014 are as follows:

			Quoted Prices		Significant Other		Significant
	Total		In Active		Observable		Unobservable
	Value at		Markets		Inputs		Inputs
	March 31, 2015		(Level 1)		(Level 2)		(Level 3)
Assets:
Fixed income mutual funds	$	222,389	$	59,450	$	162,939	$	—
Government bonds	63,593		63,593		—		—
Corporate bonds	138,165		138,165		—		—
Asset-backed and mortgage-backed securities	10,738		—		10,738		—
Derivatives	34,522		—		34,522		—
Liabilities:
Derivatives	6,651		—		6,651		—

			Quoted Prices		Significant Other		Significant
	Total		In Active		Observable		Unobservable
	Value at		Markets		Inputs		Inputs
	June 30, 2014		(Level 1)		(Level 2)		(Level 3)
Assets:
Derivatives	$	3,508	$	—	$	3,508	$	—
Liabilities:
Derivatives	46,209		—		46,209		—