Other Comprehensive Income (Loss)

6 Months Ended

Dec. 31, 2013

Equity [Abstract]

Other Comprehensive Income (Loss)

Note 15 – Other Comprehensive Income (Loss)

Other comprehensive income (loss) is comprised of the following:

	Three Months Ended December 31, 2013						Three Months Ended December 31, 2012						Six Months Ended December 31, 2013						Six Months Ended December 31, 2012
	Pre-Tax			Net of Tax			Pre-Tax			Net of Tax			Pre-Tax			Net of Tax			Pre-Tax			Net of Tax
Foreign currency translation gains	$	8,096		$	8,096		$	15,264		$	15,264		$	42,181		$	42,181		$	24,470		$	24,470
Unrealized gains (losses) on hedging derivatives:
Gains (losses) reclassified from AOCI into income (effective portion) (1)		1,483			1,106			(9,931	)		(7,160	)		546			407			(27,765	)		(20,133	)
Gains reclassified from AOCI into income (effective portion) (2)		0			0			51			36			192			143			287			208
Gains (losses) reclassified from AOCI into income (ineffective portion) (1)		905			675			0			0			1,129			842			0			0
Gains reclassified from AOCI into income (ineffective portion) (2)		0			0			1			1			1			1			3			2
Losses recognized in AOCI (effective portion)		(19,904	)		(14,877	)		(9,508	)		(6,890	)		(39,682	)		(29,634	)		(11,234	)		(8,146	)
Other (losses) gains		(905	)		(675	)		20			14			(1,163	)		(866	)		31			23
Unrealized losses on hedging derivatives		(18,421	)		(13,771	)		(19,367	)		(13,999	)		(38,977	)		(29,107	)		(38,678	)		(28,046	)
Pension liability adjustment:
Amortization of prior service cost (3)		250			83			291			221			500			243			584			406
Amortization of net loss (3)		760			237			970			726			1,514			736			1,937			1,348
Expected return on plan assets (3)		(64	)		(13	)		(73	)		(46	)		(126	)		(61	)		(145	)		(101	)
Tax rate change (4)		0			0			0			0			0			0			0			719
Other losses(5)		(288	)		84			(16	)		(16	)		(1,211	)		(589	)		(294	)		(204	)
Pension liability adjustment		658			391			1,172			885			677			329			2,082			2,168
Unrealized gains on available-for-sale securities		165			104			242			32			175			111			351			141
Other comprehensive (loss) income	$	(9,502	)	$	(5,180	)	$	(2,689	)	$	2,182		$	4,056		$	13,514		$	(11,775	)	$	(1,267	)

(1) Reclassified to Cost of sales in our Condensed Consolidated Statements of Income. Refer to Note 13 – Derivatives for more information.

(2) Reclassified to SG&A in our Condensed Consolidated Statements of Income. Refer to Note 13 – Derivatives for more information.

(3) Reclassified to SG&A in our Condensed Consolidated Statements of Income. Refer to Note 17 – Retirement Benefits for more information.

(4) Impact on deferred taxes due to tax rate changes in certain jurisdictions.

(5) Primarily represents currency impact on cumulative amount of benefit plan net actuarial losses and prior service credits included in AOCI.

AOCI: At December 31, 2013 and June 30, 2013 AOCI consisted of the following:

Income/(Loss):	December 31, 2013			June 30, 2013
Cumulative translation adjustment	$	93,454		$	51,273
Pension liability adjustment		(36,390	)		(36,719	)
Unrealized (losses) gains on hedging derivatives		(22,078	)		7,029
Unrealized gains on available-for-sale securities		328			217
Total AOCI	$	35,314		$	21,800

We had approximately $2.3 million and $2.1 million of investments at December 31, 2013 and June 30, 2013, respectively, included in Other current assets in our Condensed Consolidated Balance Sheets that have been classified as available-for-sale securities. These securities are recorded at fair value with realized gains and losses recorded in income and unrealized gains and losses recorded in AOCI, net of taxes.