Derivatives (Tables)

9 Months Ended

Mar. 31, 2013

Derivative Instruments And Hedging Activities Disclosure [Abstract]

Schedule of Outstanding Foreign Exchange Contracts, Including Forward and Option Contracts

At March 31, 2013 and June 30, 2012, we had outstanding foreign exchange contracts, including forward and option contracts, which are summarized below:

	March 31, 2013					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	$	544,264	$	18,563		$	686,500	$	37,962
Euro/U.S. Dollar		199,837		(2,865	)		28,750		(1,056	)
Swiss Franc/U.S. Dollar		40,032		(689	)		0		0
British Pound/Swiss Franc		16,414		81			0		0
Chinese Yuan/U.S. Dollar		15,780		390			36,040		(428	)
British Pound/U.S. Dollar		12,083		(234	)		0		0
Japanese Yen/Euro		12,036		(1,552	)		31,280		1,695
U.S. Dollar/British Pound		5,319		(5	)		0		0
Hungarian Forint/Euro		2,099		45			8,816		414
U.S. Dollar/Brazilian Real		1,437		23			0		0
U.S. Dollar/Japanese Yen		450		73			1,800		2
Total	$	849,751	$	13,830		$	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 March 31, 2013 and June 30, 2012:

		Fair Value
	Balance Sheet Location	March 31, 2013			June 30, 2012
Derivatives Designated as Cash Flow Hedges, Gross:
Other assets:
Foreign exchange contracts	Other current assets	$	16,930		$	30,761
Other liabilities:
Foreign exchange contracts	Accrued liabilities		964			979
Interest rate swap	Accrued liabilities		513			712
Interest rate swap	Other non-current liabilities		0			285
Total liabilities			1,477			1,976
Net asset for derivatives designated as hedging instruments			15,453			28,785
		Fair Value
		March 31, 2013			June 30, 2012
Derivatives Designated as Economic Hedges, Gross:
Other assets:
Foreign exchange contracts	Other current assets		3,227			9,864
Other liabilities:
Foreign exchange contracts	Accrued liabilities		5,363			1,057
Net (liability)/asset for economic hedges:			(2,136	)		8,807
Total net derivative asset		$	13,317		$	37,592

Schedule of Derivative Activity for Derivatives Designated as Cash Flow Hedges

The following table shows derivative activity for derivatives designated as cash flow hedges for the three months ended March 31, 2013 and 2012:

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 March 31,
		2013			2012			2013			2012			2013		2012
Foreign exchange contracts	Cost of sales	$	(1,918	)	$	12,056		$	0		$	0		$	0	$	0
Foreign exchange contracts	SG&A		248			157			0			0			0		0
Foreign exchange contracts	Foreign exchange losses, net		0			0			0			0			208		1,478
Interest rate swap	SG&A		(205	)		(146	)		(1	)		(2	)		0		0
Total cash flow hedges		$	(1,875	)	$	12,067		$	(1	)	$	(2	)	$	208	$	1,478

Derivative	Gain/(Loss) Recognized in AOCI (Effective Portion)
	Three Months Ended March 31,
	2013		2012
Foreign exchange contracts	$	15,628	$	(9,208	)
Interest rate swap		16		(106	)
Total cash flow hedges	$	15,644	$	(9,314	)

The following table shows derivative activity for derivatives designated as cash flow hedges for the nine months ended March 31, 2013 and 2012:

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
		Nine Months Ended March 31,
		2013			2012			2013			2012			2013		2012
Foreign exchange contracts	Cost of sales	$	25,847		$	371		$	0		$	0		$	0	$	2
Foreign exchange contracts	SG&A		326			459			0			0			0		0
Foreign exchange contracts	Foreign exchange losses, net		0			0			0			0			1,603		(3,984	)
Interest rate swap	SG&A		(570	)		(455	)		(4	)		(6	)		0		0
Total cash flow hedges		$	25,603		$	375		$	(4	)	$	(6	)	$	1,603	$	(3,982	)

Derivative	Gain/(Loss) Recognized in AOCI (Effective Portion)
	Nine Months Ended March 31,
	2013			2012
Foreign exchange contracts	$	4,480		$	51,160
Interest rate swap		(70	)		(444	)
Total cash flow hedges	$	4,410		$	50,716

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 and nine months ended March 31, 2013 and 2012:

		Three Months Ended March 31,						Nine Months Ended March 31,
Derivative	Location of Derivative Gain/(Loss)	2013			2012			2013			2012
Foreign exchange contracts	Cost of sales	$	2,214		$	(3,589	)	$	(2,957	)	$	4,608
Foreign exchange contracts	Foreign exchange losses, net		(4,438	)		1,286			(1,686	)		(5,163	)