Financial Instruments (Tables)
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6 Months Ended |
Dec. 31, 2015 |
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
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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 |
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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 |
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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 |
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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 |
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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 |
| | — |
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| | | | | | | | | | | | | | | | | | | | | | 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 |
| | — |
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