Financial instruments (Tables)

6 Months Ended

Dec. 31, 2021

Fair Value Disclosures [Abstract]

Carrying values and estimated fair values 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 are as follows:

	December 31, 2021		June 30, 2021
Carrying value of long-term debt	$	6,610,659	$	6,646,029
Estimated fair value of long-term debt	7,335,028		7,527,268

Fair value derivative instruments reported in consolidated balance sheet

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

	Balance Sheet Caption	December 31, 2021		June 30, 2021
Net investment hedges
Cross-currency swap contracts	Investments and other assets	$	625	$	—
Cross-currency swap contracts	Other liabilities	32,831		71,798
Cash flow hedges
Forward exchange contracts	Non-trade and notes receivable	16,624		5,376
Forward exchange contracts	Other accrued liabilities	3,223		9,435
Deal-contingent forward contracts	Other accrued liabilities	149,382		—
Costless collar contracts	Non-trade and notes receivable	605		110
Costless collar contracts	Other accrued liabilities	3,036		901

Derivative and non-derivative financial instruments, gain (losses) recorded in accumulated other comprehensive (loss)

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

	Three Months Ended				Six Months Ended
	December 31,				December 31,
	2021		2020		2021		2020
Cross-currency swap contracts	$	16,945	$	(21,729)	$	29,317	$	(38,863)
Foreign denominated debt	10,785		(26,109)		25,649		(51,836)

Financial assets and liabilities 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 December 31, 2021 and June 30, 2021 are as follows:

			Quoted Prices		Significant Other		Significant
	Fair		In Active		Observable		Unobservable
	Value at		Markets		Inputs		Inputs
	December 31, 2021		(Level 1)		(Level 2)		(Level 3)
Assets:
Equity securities	$	24,871	$	24,871	$	—	$	—
Derivatives	17,854		—		17,854		—
Liabilities:
Derivatives	188,472		—		188,472		—

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