Derivatives (Tables)

12 Months Ended

Jun. 30, 2012

Schedule Of Outstanding Foreign Exchange Contracts, Including Forward And Option Contracts

At June 30, 2012 and 2011, we had outstanding foreign exchange contracts, including forward and option contracts, which are summarized below:

	June 30, 2012					June 30, 2011
	Gross Notional Value		Fair Value Asset/ (Liability)(1)			Gross Notional Value		Fair Value Asset/ (Liability)(1)
Currency Hedged (Buy/Sell):
U.S. Dollar/Euro	$	686,500	$	37,962		$	612,400	$	(33,760	)
Chinese Yuan/U.S. Dollar		36,040		(428	)		6,188		84
Japanese Yen/Euro		31,280		1,695			0		0
Euro/U.S. Dollar		28,750		(1,056	)		8,200		146
U.S. Dollar/Japanese Yen		1,800		2			900		(22	)
Hungarian Forint/Euro		8,816		414			0		0
Swiss Franc/U.S. Dollar		0		0			41,647		516
British Pound/U.S. Dollar		0		0			20,700		(152	)
British Pound/Swiss Franc		0		0			15,408		(574	)
Euro/British Pound		0		0			11,604		163
U.S. Dollar/Brazilian Real		0		0			10,400		(1,249	)
U.S. Dollar/British Pound		0		0			8,500		(76	)
Total	$	793,186	$	38,589		$	735,947	$	(34,924	)

⁽¹⁾  Represents the net receivable/(payable) included in our Consolidated Balance Sheets.

Summary Of Fair Value Amounts Of Derivative Instruments

The following tables provide a summary of the fair value amounts of our derivative instruments as of June 30, 2012 and 2011:

		Fair Value
	Balance Sheet Location	June 30, 2012		June 30, 2011
Derivatives Designated as Cash Flow Hedges, Gross:
Other assets:
Foreign exchange contracts	Other current assets	$	30,761	$	95
Other liabilities:
Foreign exchange contracts	Accrued liabilities		979		25,335
Interest rate swap	Accrued liabilities		712		625
Interest rate swap	Other non-current liabilities		285		554
Total liabilities			1,976		26,514
Net asset/(liability) for derivatives designated as hedging instruments			28,785		(26,419	)
Derivatives Designated as Economic Hedges, Gross:
Other assets:
Foreign exchange contracts	Other current assets		9,864		1,032
Other liabilities:
Foreign exchange contracts	Accrued liabilities		1,057		10,716
Net asset/(liability) for economic hedges:			8,807		(9,684	)
Total net derivative asset/(liability)		$	37,592	$	(36,103	)

Schedule Of Derivative Activity For Derivatives Designated As Cash Flow Hedges

The following tables show derivative activity for derivatives designated as cash flow hedges for the years ended June 30, 2012, 2011 and 2010:

Derivative	Location of Derivative Gain/(Loss) Recognized in Income	Gain/(Loss) Reclassified from AOCI into Income (Effective Portion)									Gain/(Loss) Recognized in Income  on Derivatives (Ineffective Portion)									Gain/(Loss) from Amounts Excluded from Effectiveness Testing
		Years Ended June 30,
		2012			2011			2010			2012			2011			2010			2012			2011			2010
Foreign exchange contracts	Cost of sales	$	10,932		$	(34,063	)	$	(2,028	)	$	0		$	0		$	0		$	2		$	15		$	19
Foreign exchange contracts	SG&A		586			0			2,203			0			0			0			0			0			0
Foreign exchange contracts	Foreign exchange losses, net		0			0			0			0			21			14			(4,258	)		(330	)		(231	)
Interest rate swap	SG&A		(624	)		(758	)		(827	)		(7	)		(9	)		(8	)		0			0			0
Total cash flow hedges		$	10,894		$	(34,821	)	$	(652	)	$	(7	)	$	12		$	6		$	(4,256	)	$	(315	)	$	(212	)

Derivative	Gain/(Loss) Recognized in AOCI (Effective Portion)
	Years Ended June 30,
	2012			2011			2010
Foreign exchange contracts	$	79,819		$	(82,165	)	$	27,967
Interest rate swap		(449	)		(105	)		(983	)
Total cash flow hedges	$	79,370		$	(82,270	)	$	26,984

Summary Of Gains And Losses From Derivative Instruments That Are Not Designated As Hedging Instruments

The following table summarizes gains and losses from our derivative instruments that are not designated as hedging instruments for the years ended June 30, 2012, 2011 and 2010:

Derivative	Location of Derivative Gain/(Loss)	Years Ended June 30,
		2012			2011
Foreign exchange contracts	Foreign exchange losses, net	$	(7,560	)	$	(1,938	)
Foreign exchange contracts	Cost of sales	$	8,499		$	(260	)