Financial Instruments (Tables)

12 Months Ended

Jun. 30, 2021

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, which excludes the impact of net unamortized debt issuance costs, and estimated fair value of long-term debt at June 30 are as follows:

	2021		2020
Carrying value of long-term debt	$	6,646,029	$	7,809,541
Estimated fair value of long-term debt	7,527,268		8,574,401

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	2021		2020
Net investment hedges
Cross-currency swap contracts	Other liabilities	$	71,798	$	30,860
Cash flow hedges
Forward exchange contracts	Non-trade and notes receivable	5,376		5,311
Forward exchange contracts	Other accrued liabilities	9,435		3,474
Costless collar contracts	Non-trade and notes receivable	110		2,250
Costless collar contracts	Other accrued liabilities	901		661

(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:

	2021		2020
Cross-currency swap contracts	$	(31,988)	$	(9,435)
Foreign denominated debt	(32,882)		7,205

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, 2021 and 2020 are as follows:

	June 30, 2021		Quoted Prices In  Active Markets  (Level 1)		Significant Other  Observable Inputs  (Level 2)		Significant  Unobservable  Inputs  (Level 3)
Assets:
Equity securities	$	20,517	$	20,517	$	—	$	—
Derivatives	5,486		—		5,486		—
Liabilities:
Derivatives	82,134		—		82,134		—

	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		—