Financial Instruments (Tables)

12 Months Ended

Jun. 30, 2019

Derivative Instruments and Hedging Activities Disclosure [Abstract]

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:

	2019		2018
Carrying value of long-term debt	$	6,596,380	$	4,460,402
Estimated fair value of long-term debt	7,012,641		4,548,796

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	2019		2018
Net investment hedges
Cross-currency swap contracts	Other assets	$	24,545	$	7,614
Cash flow hedges
Forward exchange contracts	Non-trade and notes receivable	13,242		5,564
Forward exchange contracts	Other accrued liabilities	2,578		5,079
Costless collar contracts	Non-trade and notes receivable	457		932
Costless collar contracts	Other accrued liabilities	1,934		236

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:

	2019		2018
Cross-currency swap contracts	$	13,723	$	(9,209	)
Foreign denominated debt	16,458		(9,543		)

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, 2019 and 2018 are as follows:

	June 30, 2019		Quoted Prices In  Active Markets  (Level 1)		Significant Other  Observable Inputs  (Level 2)		Significant  Unobservable  Inputs  (Level 3)
Assets:
Equity securities	$	7,533	$	7,533	$	—	$	—
Derivatives	38,244		—		38,244		—
Investments measured at net asset value	9,728
Liabilities:
Derivatives	4,512		—		4,512		—

	June 30, 2018		Quoted Prices In  Active Markets  (Level 1)		Significant Other  Observable Inputs  (Level 2)		Significant  Unobservable  Inputs  (Level 3)
Assets:
Equity securities	$	2,956	$	2,956	$	—	$	—
Corporate bonds	5,331		5,331		—		—
Asset-backed and mortgage-backed securities	3,911		—		3,911		—
Derivatives	14,110		—		14,110		—
Investments measured at net asset value	7,208
Liabilities:
Derivatives	5,315		—		5,315		—