Derivatives (Tables)

12 Months Ended

Jun. 30, 2014

Derivative Instruments And Hedging Activities Disclosure [Abstract]

Schedule of Outstanding Foreign Exchange Contracts, Primarily Forward Contracts

At June 30, 2014 and 2013, we had outstanding foreign exchange contracts, primarily forward contracts, which are summarized below:

	June 30, 2014					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	$	1,558,950	$	(21,418	)	$	540,264	$	13,900
Euro/U.S. Dollar		214,781		1,077			191,978		(304	)
U.S. Dollar/Indian Rupee		35,000		(583	)		0		0
Euro/Russian Rubles		8,828		(141	)		0		0
Euro/Brazilian Real		8,490		(123	)		0		0
U.S. Dollar/Brazilian Real		5,052		(95	)		0		0
Swiss Franc/U.S. Dollar		0		0			40,214		(596	)
British Pound/Swiss Franc		0		0			12,778		91
Japanese Yen/Euro		0		0			16,341		(55	)
British Pound/U.S. Dollar		0		0			9,128		(164	)
Total	$	1,831,101	$	(21,283	)	$	810,703	$	12,872

⁽¹⁾  Represents the net receivable/(payable) included in our 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 June 30, 2014 and 2013:

		Fair Value
	Balance Sheet Location	June 30, 2014			June 30, 2013
Derivatives Designated as Cash Flow Hedges, Gross:
Other assets:
Foreign exchange contracts	Other current assets	$	1,141		$	11,812
Other liabilities:
Foreign exchange contracts	Accrued liabilities	$	20,997		$	169
Interest rate swap	Accrued liabilities	$	0		$	320
Total liabilities		$	20,997		$	489
Net (liability)/asset for derivatives designated as hedging instruments		$	(19,856	)	$	11,323

Derivatives Designated as Economic Hedges, Gross:
Other assets:
Foreign exchange contracts	Other current assets	$	1,094		$	3,069
Other liabilities:
Foreign exchange contracts	Accrued liabilities	$	2,521		$	1,840
Net (liability)/asset for economic hedges:		$	(1,427	)	$	1,229
Total net derivative (liability)/asset		$	(21,283	)	$	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 years ended June 30, 2014, 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
		Year Ended June 30,
		2014			2013			2012			2014			2013			2012			2014		2013		2012
Foreign exchange contracts	Cost of sales	$	(8,980	)	$	25,798		$	10,932		$	(2,048	)	$	0		$	0		$	0	$	0	$	2
Foreign exchange contracts	SG&A		(206	)		833			586			0			0			0			0		0		0
Foreign exchange contracts	Foreign exchange losses, net		0			0			0			0			0			0			588		2,721		(4,258	)
Interest rate swap	SG&A		(192	)		(766	)		(624	)		(1	)		(4	)		(7	)		0		0		0
Total cash flow hedges		$	(9,378	)	$	25,865		$	10,894		$	(2,049	)	$	(4	)	$	(7	)	$	588	$	2,721	$	(4,256	)

Derivative	Gain/(Loss) Recognized in AOCI (Effective Portion)
	Year Ended June 30,
	2014			2013			2012
Foreign exchange contracts	$	(37,714	)	$	(1,089	)	$	79,819
Interest rate swap		35			(76	)		(449	)
Total cash flow hedges	$	(37,679	)	$	(1,165	)	$	79,370

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 years ended June 30, 2014, 2013 and 2012:

Derivative	Location of Derivative Gain/(Loss)	Year Ended June 30,
		2014			2013			2012
Foreign exchange contracts	Cost of sales	$	(5,536	)	$	(3,927	)	$	8,499
Foreign exchange contracts	Foreign exchange losses, net	$	10,882		$	963		$	(7,560	)