Retirement Benefits (Tables)

12 Months Ended

Jun. 30, 2012

Reconciliation Of Benefit Obligations, Plan Assets And Funded Status Recognized In Consolidated Balance Sheet

The following is a reconciliation of the benefit obligations, plan assets and funded status of the plans as well as the amounts recognized in our Consolidated Balance Sheets as of and for the fiscal years ended June 30, 2012 and 2011:


	Year Ended June 30,
	2012			2011
Change in benefit obligation:
Benefit obligation at beginning of year	$	156,285		$	144,331
Benefit obligation of plans not previously reported⁽¹⁾		3,987			7,330
Service cost		1,635			3,292
Interest cost		8,106			7,702
Actuarial loss/(gain)		31,484			(10,286	)
Effects of settlements and curtailments		(921	)		0
Plan amendments		216			95
Benefits paid		(7,817	)		(7,657	)
Foreign currency translation		(9,726	)		11,478

Benefit obligation at end of year	$	183,249		$	156,285

Change in plan assets:
Fair value of assets at beginning of year	$	5,258		$	0
Fair value of assets for plans not previously reported⁽¹⁾		0			4,507
Actual return on plan assets		1,571			139
Employer contributions		9,049			7,932
Benefits paid		(7,817	)		(7,657	)
Settlement		(921	)		0
Foreign currency translation		(129	)		337

Fair value of assets at end of year	$	7,011		$	5,258

Reconciliation of funded status:
Funded status	$	(176,238	)	$	(151,027	)
Unrecognized prior service cost		8,301			8,672
Unrecognized net loss		49,561			19,790

Accrued pension cost	$	(118,376	)	$	(122,565	)

Non-current assets	$	704		$	0
Accrued liabilities		(8,843	)		(8,913	)
Other non-current liabilities		(168,099	)		(142,114	)
AOCI		57,862			28,462

Accrued pension cost	$	(118,376	)	$	(122,565	)

⁽¹⁾	Certain foreign defined benefit plans were not disclosed in prior years based on the immateriality of amounts involved in these plans. The above disclosures for fiscal years 2012 and 2011 include amounts recorded for these plans as adjustments to the balances in the current year.

Amounts Recognized In AOCI

Amounts recognized in AOCI for the fiscal years ended June 30, 2012 and 2011 are presented below:


	Year Ended June 30,
	2012			2011
Amounts recorded in AOCI:
Prior service cost	$	8,301		$	8,672
Net actuarial loss		49,561			19,790

Total recognized in AOCI, before taxes		57,862			28,462
Income tax benefit		(19,415	)		(10,159	)

Total recognized in AOCI, net of income taxes	$	38,447		$	18,303

Amount To Be Amortized From AOCI Into Net Periodic Benefit Cost

The estimated amount that will be amortized from AOCI into net periodic benefit cost in fiscal year 2013 is as follows:


Amounts expected to be recognized in net periodic benefit cost
Recognized net actuarial loss	$	3,872
Amortization of prior service cost		1,169

Total	$	5,041

Accumulated Benefit Obligations In Excess Of Fair Value Of Plan Assets

A comparison of plans’ assets with plans’ projected benefit and accumulated benefit obligations as of June 30, 2012 and 2011 is presented below:


	Obligations Exceed Plan Assets Year Ended June 30,				Plan Assets Exceed Obligations Year Ended June 30,				Total All Plans Year Ended June 30,
	2012		2011		2012		2011		2012		2011
Plans where:
Projected benefit obligation	$	176,942	$	156,285	$	6,307	$	0	$	183,249	$	156,285
Accumulated benefit obligation		165,283		145,626		6,307		0		171,590		145,626
Fair value of plan assets		0		5,258		7,011		0		7,011		5,258

Components Of Net Periodic Benefit Costs

The components of net periodic benefit costs for the fiscal years ended June 30, 2012, 2011 and 2010 are presented below:


	Year Ended June 30,
	2012			2011			2010
Components of net periodic benefit cost:
Service cost	$	1,635		$	3,292		$	2,165
Interest cost		8,106			7,702			7,585
Expected return on plan assets		(238	)		(221	)		0
Amortization of prior service cost		1,418			1,502			1,407
Amortization of net loss		1,793			1,899			1,122
Effect of settlements and curtailments		83			0			1,452

Net periodic benefit cost	$	12,797		$	14,174		$	13,731

Assumptions Used To Determine Benefit Obligations And Net Periodic Pension And Postretirement Benefit Costs

The assumptions used to determine our benefit obligations and net periodic pension and other postretirement benefit costs are presented below:

Year Ended June 30,

2012

2011

2010

Assumptions:

Weighted average rates used to determine benefit obligations at
June 30:

Range of discount rates for pension plans

0.6% – 5.0%

4.7% – 5.9

4.5% – 5.0%

Range of rates of compensation increase for pension plans

0.0% – 4.0%

2.5% – 4.0

2.5% – 4.0%

Weighted average rates used to determine net periodic benefit cost at June 30:

Range of discount rates for pension plans

4.7% – 5.9%

4.1% – 5.6

4.5% – 6.17%

Range of rates of compensation increase for pension plans

0.0% – 4.0%

2.5% – 4.0

2.5% – 4.0%