Financial Instruments (Tables)

12 Months Ended

Jun. 30, 2020

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:

	2020		2019
Carrying value of long-term debt	$	7,809,541	$	6,596,380
Estimated fair value of long-term debt	8,574,401		7,012,641

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

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

	Balance Sheet Caption	2020		2019
Net investment hedges
Cross-currency swap contracts	Investments and other assets	$	—	$	24,545
Cross-currency swap contracts	Other liabilities	30,860		—
Cash flow hedges
Forward exchange contracts	Non-trade and notes receivable	5,311		13,242
Forward exchange contracts	Other accrued liabilities	3,474		2,578
Costless collar contracts	Non-trade and notes receivable	2,250		457
Costless collar contracts	Other accrued liabilities	661		1,934

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

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

	2020			2019
Cross-currency swap contracts	$	(9,435	)	$	13,723
Foreign denominated debt	7,205			16,458

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, 2020 and 2019 are as follows:

	June 30, 2020		Quoted Prices In  Active Markets  (Level 1)		Significant Other  Observable Inputs  (Level 2)		Significant  Unobservable  Inputs  (Level 3)
Assets:
Equity securities	$	7,901	$	7,901	$	—	$	—
Derivatives	7,561		—		7,561		—
Liabilities:
Derivatives	34,995		—		34,995		—

	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		—