Financial Instruments (Tables)

12 Months Ended

Jun. 30, 2023

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:

	2023		2022
Carrying value of long-term debt	$	10,845,359	$	10,145,077
Estimated fair value of long-term debt	10,221,563		9,709,407

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	2023		2022
Net investment hedges
Cross-currency swap contracts	Investments and other assets	$	21,578	$	21,444
Other derivative contracts
Forward exchange contracts	Non-trade and notes receivable	—		20,976
Forward exchange contracts	Other accrued liabilities	—		5,651
Deal-contingent forward contracts	Other accrued liabilities	—		1,015,426
Costless collar contracts	Non-trade and notes receivable	—		351
Costless collar contracts	Other accrued liabilities	—		1,578

Gain (losses) on derivative financial instruments recorded in consolidated statement if income

Gains (losses) on derivative financial instruments were recorded in the Consolidated Statement of Income as follows:

	2023		2022		2021
Deal-contingent forward contracts	$	(389,992)	$	(1,015,426)	$	—
Forward exchange contracts	(7,259)		55,860		15,879
Costless collar contracts	11,528		(4,364)		(2,092)
Cross-currency swap contracts	(18,739)		—		—

(Losses) gains 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:

	2023		2022
Cross-currency swap contracts	$	451	$	69,992
Foreign currency denominated debt	(22,534)		72,670

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, 2023 and 2022 are as follows:

	June 30, 2023		Quoted Prices In  Active Markets  (Level 1)		Significant Other  Observable Inputs  (Level 2)		Significant  Unobservable  Inputs  (Level 3)
Assets:
Derivatives	$	21,578	$	—	$	21,578	$	—

	June 30, 2022		Quoted Prices In  Active Markets  (Level 1)		Significant Other  Observable Inputs  (Level 2)		Significant  Unobservable  Inputs  (Level 3)
Assets:
Equity securities	$	13,038	$	13,038	$	—	$	—
Derivatives	42,771		—		42,771		—
Liabilities:
Derivatives	1,022,655		—		1,022,655		—