Other Comprehensive Income (Loss)

12 Months Ended

Jun. 30, 2014

Equity [Abstract]

Other Comprehensive Income (Loss)

Note 15—Other Comprehensive Income (Loss)

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

	Year Ended June 30,
	2014						2013						2012
	Pre-Tax			Net of Tax			Pre-Tax			Net of Tax			Pre-Tax			Net of Tax
Foreign currency translation gains (losses)	$	44,881		$	44,881		$	5,379		$	5,379		$	(136,240	)	$	(136,240	)
Unrealized (losses) gains on hedging derivatives:
Gains (losses) reclassified from AOCI into income (effective portion)(1)		8,980			6,726			(25,798	)		(18,412	)		(10,932	)		(7,892	)
Gains (losses) reclassified from AOCI into income (effective portion)(2)		398			298			(67	)		(48	)		38			27
Gains reclassified from AOCI into income (ineffective portion)(1)		2,048			1,534			0			0			0			0
Gains reclassified from AOCI into income (ineffective portion)(2)		1			0			4			0			7			5
(Losses) gains recognized in AOCI (effective portion)		(37,679	)		(28,220	)		(1,165	)		(831	)		79,370			57,297
Other (losses) gains		(2,118	)		(1,586	)		33			25			58			43
Unrealized (losses) gains on hedging derivatives		(28,370	)		(21,248	)		(26,993	)		(19,266	)		68,541			49,480
Pension liability adjustment:
Amortization of prior service cost(3)		1,001			760			1,155			374			1,418			972
Amortization of net loss(3)		3,038			2,305			3,873			1,253			1,793			1,229
Expected return on plan assets(3)		(259	)		(197	)		(284	)		(92	)		(238	)		(163	)
Actuarial loss		(10,876	)		(8,253	)		(2,317	)		(750	)		(31,484	)		(21,573	)
Tax rate change(4)		0			0			0			719			0			0
Other (losses) gains(5)		(570	)		(432	)		692			224			(888	)		(609	)
Pension liability adjustment		(7,666	)		(5,817	)		3,119			1,728			(29,399	)		(20,144	)
Unrealized gains (losses) on available-for-sale securities		287			183			4,376			4,250			(120	)		(120	)
Other comprehensive income (loss)	$	9,132		$	17,999		$	(14,119	)	$	(7,909	)	$	(97,218	)	$	(107,024	)

⁽¹⁾  Reclassified to Cost of sales in our Consolidated Statements of Income. Refer to Note 10—Derivatives for more information.

⁽²⁾  Reclassified to SG&A in our Consolidated Statements of Income. Refer to Note 10—Derivatives for more information.

⁽³⁾  Reclassified to SG&A in our 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 June 30, 2014 and 2013, AOCI consisted of the following:

	June 30,
Income/(Loss):	2014			2013
Cumulative translation adjustment	$	96,154		$	51,273
Pension liability adjustment		(42,536	)		(36,719	)
Unrealized gains on hedging derivatives		(14,219	)		7,029
Unrealized gains (losses) on available-for-sale securities		400			217
Total AOCI	$	39,799		$	21,800

We had approximately $2.5 million and $2.1 million of investments at June 30, 2014 and 2013, respectively, included in Other current assets in our 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.