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Financial Instruments (Tables)
6 Months Ended
Dec. 31, 2015
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Investments Classified by Contractual Maturity Date
The contractual maturities of available-for-sale investments at December 31, 2015 and June 30, 2015 are as follows:
 
December 31, 2015
 
June 30, 2015
 
Amortized
Cost
 
Fair
Value
 
Amortized
Cost
 
Fair
Value
Less than one year
$
14,141

 
$
14,141

 
$
13,561

 
$
13,555

One to three years
184,281

 
184,115

 
188,539

 
188,057

Above three years
11,696

 
11,598

 
15,673

 
15,587

Schedule of Carrying Values and Estimated Fair Values of Debt Instruments
he carrying value of long-term debt and estimated fair value of long-term debt are as follows:
 
 
December 31,
2015
 
June 30,
2015
Carrying value of long-term debt
 
$
2,724,862

 
$
2,947,102

Estimated fair value of long-term debt
 
2,892,998

 
3,107,735

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value
The following summarizes the location and fair value of significant derivative financial instruments reported in the Consolidated Balance Sheet as of December 31, 2015 and June 30, 2015:

 
 
Balance Sheet Caption
 
December 31,
2015
 
June 30,
2015
Net investment hedges
 
 
 
 
 
 
Cross-currency swap contracts
 
Other assets
 
$
25,695

 
$
17,994

Cash flow hedges
 
 
 
 
 
 
Costless collar contracts
 
Non-trade and notes receivable
 
4,354

 
5,627

Costless collar contracts
 
Other accrued liabilities
 
2,887

 
1,970

Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance

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:
 
 
Three Months Ended
 
Six Months Ended
 
December 31,
 
December 31,
 
2015
 
2014
 
2015
 
2014
Cross-currency swap contracts
$
4,630

 
$
10,233

 
$
7,793

 
$
22,128

Foreign denominated debt
5,407

 
9,255

 
4,273

 
25,145

Schedule of Financial Assets & Liabilities Measured at Fair Value
A summary of financial assets and liabilities that were measured at fair value on a recurring basis at December 31, 2015 and June 30, 2015 are as follows:
 
 
 
 
Quoted Prices

 
Significant Other

 
Significant

 
 
Fair

 
In Active

 
Observable

 
Unobservable

 
 
Value at

 
Markets

 
Inputs

 
Inputs

 
 
December 31, 2015

 
(Level 1)

 
(Level 2)

 
(Level 3)

Assets:
 
 
 
 
 
 
 
 
Equity securities
 
$
1,618

 
$
1,618

 
$

 
$

Government bonds
 
16,667

 
16,667

 

 

Corporate bonds
 
185,837

 
185,837

 

 

Asset-backed and mortgage-backed securities
 
7,350

 

 
7,350

 

Derivatives
 
28,886

 

 
28,886

 

Investments measured at net asset value
 
246,042

 
 
 
 
 
 
Liabilities:
 
 
 
 
 
 
 
 
Derivatives
 
2,887

 

 
2,887

 


 
 
 
 
Quoted Prices

 
Significant Other

 
Significant

 
 
Fair

 
In Active

 
Observable

 
Unobservable

 
 
Value at

 
Markets

 
Inputs

 
Inputs

 
 
June 30, 2015

 
(Level 1)

 
(Level 2)

 
(Level 3)

Assets:
 
 
 
 
 
 
 
 
Government bonds
 
$
60,512

 
$
60,512

 
$

 
$

Corporate bonds
 
145,717

 
145,717

 

 

Asset-backed and mortgage-backed securities
 
10,970

 

 
10,970

 

Derivatives
 
23,598

 

 
23,598

 

Investments measured at net asset value
 
187,534

 
 
 
 
 
 
Liabilities:
 
 
 
 
 
 
 
 
Derivatives
 
1,970

 

 
1,970