Other Comprehensive Income (Loss)

12 Months Ended

Jun. 30, 2015

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,
	2015						2014						2013
	Pre-Tax			Net of Tax			Pre-Tax			Net of Tax			Pre-Tax			Net of Tax
Foreign currency translation (losses) gains	$	(191,212	)	$	(191,212	)	$	44,881		$	44,881		$	5,379		$	5,379
Changes in hedging derivatives:
Reclassifications from AOCI into income (effective portion)(1)		(51,720	)		(39,016	)		8,980			6,726			(25,798	)		(18,412	)
Reclassifications from AOCI into income (effective portion)(2)		(245	)		(185	)		398			298			(67	)		(48	)
Gains (losses) recognized in AOCI (effective portion)		271,153			204,549			(37,679	)		(28,220	)		(1,165	)		(831	)
Other (losses) gains		(993	)		(749	)		(69	)		(52	)		37			25
Unrealized gains (losses) on hedging derivatives		218,195			164,599			(28,370	)		(21,248	)		(26,993	)		(19,266	)
Pension liability adjustment:
Amortization of prior service cost(4)		975			535			1,001			760			1,155			374
Amortization of net loss(4)		3,767			2,068			3,038			2,305			3,873			1,253
Expected return on plan assets(4)		(255	)		(140	)		(259	)		(197	)		(284	)		(92	)
Actuarial loss(4)		(14,866	)		(8,162	)		(10,876	)		(8,253	)		(2,317	)		(750	)
Tax rate change(5)		0			0			0			0			0			719
Other gains (losses) (6)		6,996			3,841			(570	)		(432	)		692			224
Pension liability adjustment		(3,383	)		(1,858	)		(7,666	)		(5,817	)		3,119			1,728
Unrealized gains on available-for-sale securities		167			106			287			183			4,376			4,250
Other comprehensive income (loss)	$	23,767		$	(28,365	)	$	9,132		$	17,999		$	(14,119	)	$	(7,909	)
Other comprehensive income attributable to Harman International Industries, Incorporated	$	23,767		$	(28,365	)	$	9,132		$	17,999		$	(14,119	)	$	(7,909	)

⁽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 Interest expense, net in our Consolidated Statements of Income. Refer to Note 10—Derivatives for more information.

⁽⁴⁾  Reclassified to SG&A in our Consolidated Statements of Income. Refer to Note 17—Retirement Benefits for more information.

⁽⁵⁾  Impact on deferred taxes due to tax rate changes in certain jurisdictions.

⁽⁶⁾  Primarily represents currency impact on cumulative amount of benefit plan net actuarial losses and prior service credits included in AOCI.

AOCI: At June 30, 2015 and 2014, AOCI consisted of the following:

	June 30,
Income/(Loss):	2015			2014
Cumulative translation adjustment	$	(95,058	)	$	96,154
Pension liability adjustment		(44,394	)		(42,536	)
Unrealized gains (losses) on hedging derivatives		150,380			(14,219	)
Unrealized gains on available-for-sale securities		506			400
Total AOCI	$	11,434		$	39,799

We had approximately $54.9 million of investments included in Other current assets and Non-current assets and $2.5 million of investments included in Other current assets at June 30, 2015 and 2014, respectively, 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.