Derivatives (Tables)

3 Months Ended

Sep. 30, 2012

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

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

	September 30, 2012					June 30, 2012
	Gross Notional Value		Fair Value Asset/ (Liability)(1)			Gross Notional Value		Fair Value Asset/ (Liability)(1)
Currency Hedged (Buy/Sell):
U.S. Dollar/Euro	$	506,500	$	17,164		$	686,500	$	37,962
Chinese Yuan/U.S. Dollar		42,643		10			36,040		(428	)
Japanese Yen/Euro		32,096		1,670			31,280		1,695
Euro/U.S. Dollar		28,750		658			28,750		(1,056	)
U.S. Dollar/Japanese Yen		1,350		(25	)		1,800		2
Hungarian Forint/Euro		6,734		414			8,816		414
British Pound/U.S. Dollar		7,275		277			0		0
British Pound/Swiss Franc		4,365		54			0		0
Total	$	629,713	$	20,222		$	793,186	$	38,589

⁽¹⁾  Represents the net receivable/(payable) included in our Condensed 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 at September 30, 2012 and June 30, 2012:

		Fair Value
	Balance Sheet Location	September 30, 2012		June 30, 2012
Derivatives Designated as Cash Flow Hedges, Gross:
Other assets:
Foreign exchange contracts	Other current assets	$	13,963	$	30,761
Other liabilities:
Foreign exchange contracts	Accrued liabilities		2,461		979
Interest rate swap	Accrued liabilities		890		712
Interest rate swap	Other non-current liabilities		0		285
Total liabilities			3,351		1,976
Net asset for derivatives designated as hedging instruments			10,612		28,785
Derivatives Designated as Economic Hedges, Gross:
Other assets:
Foreign exchange contracts	Other current assets		8,724		9,864
Other liabilities:
Foreign exchange contracts	Accrued liabilities		4		1,057
Net asset for economic hedges:			8,720		8,807
Total net derivative asset		$	19,332	$	37,592

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 three months ended September 30, 2012 and 2011:

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
		Three Months Ended September 30,
		2012			2011			2012			2011			2012		2011
Foreign exchange contracts	Cost of sales	$	17,834		$	(10,866	)	$	0		$	0		$	0	$	0
Foreign exchange contracts	SG&A		(63	)		0			0			0			0		0
Foreign exchange contracts racts	Foreign exchange losses, net		0			0			0			0			554		(3,648	)
Interest rate swap	SG&A		(173	)		(163	)		(2	)		(1	)		0		0
Total cash flow hedges		$	17,598		$	(11,029	)	$	(2	)	$	(1	)	$	554	$	(3,648	)

Derivative	Gain/(Loss) Recognized in AOCI (Effective Portion)
	Three Months Ended September 30,
	2012			2011
Foreign exchange contracts	$	(1,664	)	$	34,748
Interest rate swap		(62	)		(298	)
Total cash flow hedges	$	(1,726	)	$	34,450

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 three months ended September 30, 2012 and 2011:

		Three Months Ended September 30,
Derivative	Location of Derivative Gain/(Loss)	2012			2011
Foreign exchange contracts—forwards	Cost of sales	$	(1,858	)	$	1,247
Foreign exchange contracts—forwards	Foreign exchange losses, net		389			1,551