Financial Instruments (Tables)

9 Months Ended

Mar. 31, 2016

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Investments Classified by Contractual Maturity Date

The contractual maturities of available-for-sale investments at March 31, 2016 and June 30, 2015 are as follows:

	March 31, 2016				June 30, 2015
	Amortized Cost		Fair Value		Amortized Cost		Fair Value
Less than one year	$	25,405	$	25,391	$	13,561	$	13,555
One to three years	153,513		153,948		188,539		188,057
Above three years	42,944		42,865		15,673		15,587

Schedule of Carrying Values and Estimated Fair Values of Debt Instruments

he carrying value of long-term debt and estimated fair value of long-term debt are as follows:

	March 31, 2016		June 30, 2015
Carrying value of long-term debt	$	2,728,280	$	2,947,102
Estimated fair value of long-term debt	2,991,749		3,107,735

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

The following summarizes the location and fair value of significant derivative financial instruments reported in the Consolidated Balance Sheet as of March 31, 2016 and June 30, 2015:

	Balance Sheet Caption	March 31, 2016		June 30, 2015
Net investment hedges
Cross-currency swap contracts	Other assets	$	14,761	$	17,994
Cash flow hedges
Costless collar contracts	Non-trade and notes receivable	292		5,627
Costless collar contracts	Other accrued liabilities	7,649		1,970

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

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,
	2016			2015		2016		2015
Cross-currency swap contracts	$	10,934		$	22,684	$	3,140	$	44,813
Foreign denominated debt	(2,131		)	17,151		2,202		42,296

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, 2016 and June 30, 2015 are as follows:

			Quoted Prices		Significant Other		Significant
	Fair		In Active		Observable		Unobservable
	Value at		Markets		Inputs		Inputs
	March 31, 2016		(Level 1)		(Level 2)		(Level 3)
Assets:
Equity securities	$	1,452	$	1,452	$	—	$	—
Government bonds	25,094		25,094		—		—
Corporate bonds	187,946		187,946		—		—
Asset-backed and mortgage-backed securities	9,164		—		9,164		—
Derivatives	15,231		—		15,231		—
Investments measured at net asset value	516,889
Liabilities:
Derivatives	15,028		—		15,028		—

			Quoted Prices		Significant Other		Significant
	Fair		In Active		Observable		Unobservable
	Value at		Markets		Inputs		Inputs
	June 30, 2015		(Level 1)		(Level 2)		(Level 3)
Assets:
Government bonds	$	60,512	$	60,512	$	—	$	—
Corporate bonds	145,717		145,717		—		—
Asset-backed and mortgage-backed securities	10,970		—		10,970		—
Derivatives	23,598		—		23,598		—
Investments measured at net asset value	187,534
Liabilities:
Derivatives	1,970		—		1,970		—