Financial Instruments (Tables)

12 Months Ended

Jun. 30, 2017

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Contractual maturities of available-for-sale investments

The contractual maturities of available-for-sale investments at June 30, 2017 and 2016 are as follows:

	June 30, 2017				June 30, 2016
	Amortized Cost		Fair Value		Amortized Cost		Fair Value
Less than one year	$	690	$	693	$	29,960	$	29,990
One to three years	7,865		7,924		144,100		144,625
Over three years	2,108		2,113		34,276		34,275

Carrying value of long-term debt and estimated fair value of long-term debt

The carrying value of long-term debt and estimated fair value of long-term debt at June 30 are as follows:

	2017		2016
Carrying value of long-term debt	$	5,383,343	$	2,733,140
Estimated fair value of long-term debt	5,645,529		3,133,989

Location and fair value of derivative financial instruments reported in the consolidated balance sheet

The location and fair value of derivative financial instruments reported in the Consolidated Balance Sheet are as follows:

	Balance Sheet Caption	2017		2016
Net investment hedges
Cross-currency swap contracts	Other assets	$	15,135	$	24,771
Cash flow hedges
Costless collar contracts	Non-trade and notes receivable	430		—
Costless collar contracts	Other accrued liabilities	2,027		8,368

Gains (losses) on derivative and non-derivative financial instruments that were recorded in accumulated other comprehensive (loss)

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:

	2017			2016
Cross-currency swap contracts	$	(6,003	)	$	6,869
Foreign denominated debt	(16,175		)	(8,180		)

Summary of financial assets and liabilities that were measured at fair value on a recurring basis

A summary of financial assets and liabilities that were measured at fair value on a recurring basis at June 30, 2017 and 2016 are as follows:

	June 30, 2017		Quoted Prices In  Active Markets  (Level 1)		Significant Other  Observable Inputs  (Level 2)		Significant  Unobservable  Inputs  (Level 3)
Assets:
Equity securities	$	3,008	$	3,008	$	—	$	—
Corporate bonds	5,968		5,968		—		—
Asset-backed and mortgage-backed securities	4,762		—		4,762		—
Derivatives	16,496		—		16,496		—
Investments measured at net asset value	7,073
Liabilities:
Derivatives	16,064		—		16,064		—

	June 30, 2016		Quoted Prices In  Active Markets  (Level 1)		Significant Other  Observable Inputs  (Level 2)		Significant  Unobservable  Inputs  (Level 3)
Assets:
Equity securities	$	1,296	$	1,296	$	—	$	—
Government bonds	15,764		15,764		—		—
Corporate bonds	184,380		184,380		—		—
Asset-backed and mortgage-backed securities	8,746		—		8,746		—
Derivatives	25,303		—		25,303		—
Investments measured at net asset value	361,770
Liabilities:
Derivatives	13,028		—		13,028		—