Derivatives (Tables)

6 Months Ended

Dec. 31, 2013

Derivative Instruments And Hedging Activities Disclosure [Abstract]

Schedule of Outstanding Foreign Exchange Contracts, Primarily Forward Contracts

At December 31, 2013 and June 30, 2013, we had outstanding foreign exchange contracts, primarily forward contracts, which are summarized below:

	December 31, 2013					June 30, 2013
	Gross Notional Value		Fair Value Asset/ (Liability)(1)			Gross Notional Value		Fair Value Asset/ (Liability)(1)
Currency Hedged (Buy/Sell):
U.S. Dollar/Euro	$	1,661,743	$	(31,993	)	$	540,264	$	13,900
Euro/U.S. Dollar		281,832		6,482			191,978		(304	)
Swiss Franc/U.S. Dollar		42,570		604			40,214		(596	)
Euro/Brazilian Real		7,959		524			0		0
Chinese Yuan/Euro		7,631		9			0		0
Japanese Yen/Euro		6,981		(882	)		16,341		(55	)
Euro/Russian Rubles		6,967		43			0		0
British Pound/Swiss Franc		6,954		261			12,778		91
U.S. Dollar/Brazilian Real		6,108		305			0		0
British Pound/U.S. Dollar		4,967		323			9,128		(164	)
U.S. Dollar/Indian Rupee		4,000		(28	)		0		0
Russian Rubles/Euro		1,703		7			0		0
Total	$	2,039,415	$	(24,345	)	$	810,703	$	12,872

⁽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 as of December 31, 2013 and June 30, 2013:

		Fair Value
	Balance Sheet Location	December 31, 2013			June 30, 2013
Derivatives Designated as Cash Flow Hedges, Gross:
Other assets:
Foreign exchange contracts	Other current assets	$	600		$	11,812
Other liabilities:
Foreign exchange contracts	Accrued liabilities		27,956			169
Interest rate swap	Accrued liabilities		0			320
Total liabilities			27,956			489
Net (liability)/asset for derivatives designated as hedging instruments			(27,356	)		11,323
Derivatives Designated as Economic Hedges, Gross:
Other assets:
Foreign exchange contracts	Other current assets		8,083			3,069
Other liabilities:
Foreign exchange contracts	Accrued liabilities		5,072			1,840
Net asset for economic hedges:			3,011			1,229
Total net derivative (liability)/asset		$	(24,345	)	$	12,552

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 December 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 December 31,
		2013			2012			2013			2012			2013		2012
Foreign exchange contracts	Cost of sales	$	(1,483	)	$	9,931		$	(905	)	$	0		$	0	$	0
Foreign exchange contracts	SG&A		0			141			0			0			0		0
Foreign exchange contracts	Foreign exchange losses, net		0			0			0			0			58		841
Interest rate swap	SG&A		0			(192	)		0			(1	)		0		0
Total cash flow hedges		$	(1,483	)	$	9,880		$	(905	)	$	(1	)	$	58	$	841

Derivative	Gain/(Loss) Recognized in AOCI (Effective Portion)
	Three Months Ended December 31,
	2013			2012
Foreign exchange contracts	$	(19,904	)	$	(9,484	)
Interest rate swap		0			(24	)
Total cash flow hedges	$	(19,904	)	$	(9,508	)

The following table shows derivative activity for derivatives designated as cash flow hedges for the six months ended December 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
		Six Months Ended December 31,
		2013			2012			2013			2012			2013		2012
Foreign exchange contracts	Cost of sales	$	(546	)	$	27,765		$	(1,129	)	$	0		$	0	$	0
Foreign exchange contracts	SG&A		0			78			0			0			0		0
Foreign exchange contracts	Foreign exchange losses, net		0			0			0			0			578		1,395
Interest rate swap	SG&A		(192	)		(365	)		(1	)		(3	)		0		0
Total cash flow hedges		$	(738	)	$	27,478		$	(1,130	)	$	(3	)	$	578	$	1,395

Derivative	Gain/(Loss) Recognized in AOCI (Effective Portion)
	Six Months Ended December 31,
	2013			2012
Foreign exchange contracts	$	(39,717	)	$	(11,148	)
Interest rate swap		35			(86	)
Total cash flow hedges	$	(39,682	)	$	(11,234	)

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 six months ended December 31, 2013 and 2012:

		Three Months Ended December 31,						Six Months Ended December 31,
Derivative	Location of Derivative Gain/(Loss)	2013			2012			2013			2012
Foreign exchange contracts – forwards	Cost of sales	$	(1,927	)	$	(3,314	)	$	(5,436	)	$	(5,172	)
Foreign exchange contracts – forwards	Foreign exchange gains, net		4,139			2,363			13,373			2,752