Derivatives (Tables)

12 Months Ended

Jun. 30, 2016

Derivative Instruments And Hedging Activities Disclosure [Abstract]

Schedule of Outstanding Foreign Exchange Contracts, Primarily Forward Contracts

At June 30, 2016 and June 30, 2015, we had outstanding foreign exchange contracts, primarily forward contracts, which are summarized below:

	June 30, 2016					June 30, 2015
	GrossNotional Value		Fair Value Asset/ (Liability)(1)			GrossNotional Value		Fair Value Asset/ (Liability)(1)
Currency Hedged (Buy/Sell):
U.S. Dollar/Euro	$	1,516,094	$	149,901		$	1,479,685	$	208,532
Indian Rupee/U.S. Dollar		251,355		(721	)		205,150		(935	)
Euro/U.S. Dollar		224,921		(6,280	)		153,549		(15,994	)
U.S. Dollar/Brazilian Real		20,958		(2,459	)		6,148		318
U.S. Dollar/Russian Rubles		9,517		(478	)		1,613		24
Euro/Russian Rubles		3,601		(667	)		5,963		(865	)
U.S. Dollar/Australian Dollar		745		(37	)		-		-
Swiss Franc/Euro		-		-			32,050		4,262
Total	$	2,027,191	$	139,259		$	1,884,158	$	195,342

⁽¹⁾ Represents the net receivable included in our Consolidated Balance Sheets within Other current assets, Other assets, Accrued liabilities and Other non-current liabilities, as applicable.

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, 2016 and 2015:

		Fair Value
	Balance Sheet Location	June 30, 2016		June 30, 2015
Derivatives Designated as Cash Flow Hedges, Gross:
Other assets:
Foreign exchange contracts	Other current assets	$	69,122	$	73,082
Foreign exchange contracts	Other assets		67,232		121,496
Total assets			136,354		194,578
Other liabilities:
Foreign exchange contracts	Accrued liabilities	$	3,482	$	1,034
Foreign exchange contracts	Other non-current    liabilities		993		1,654
Total liabilities			4,475		2,688
Net asset for derivatives designated as hedging instruments			131,879		191,890
Derivatives Designated as Economic Hedges, Gross:
Other assets:
Foreign exchange contracts	Other current assets		14,761		20,226
Foreign exchange contracts	Other assets		345		85
Total assets			15,106		20,311
Other liabilities:
Foreign exchange contracts	Accrued liabilities		5,763		13,288
Foreign exchange contracts	Other non-current    liabilities		1,963		3,571
Total liabilities			7,726		16,859
Net asset for economic hedges:			7,380		3,452
Total net derivative asset		$	139,259	$	195,342

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, 2016, 2015 and 2014:

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,
		2016			2015		2014			2016			2015		2014			2016		2015			2014
Foreign exchange    contracts	Cost of sales	$	90,109		$	51,720	$	(8,980	)	$	(261	)	$	1,943	$	(2,048	)	$	-	$	-		$	-
Foreign exchange    contracts	SG&A		(305	)		245		(206	)		-			-		-			-		-			-
Foreign exchange    contracts	Foreign exchange    losses (gains), net		153			-		-			-			-		-			1		(20	)		588
Interest rate swap	SG&A		-			-		(192	)		-			-		(1	)		-		-			-
Interest rate lock	Interest expense, net		(21	)		-		-			-			-		-			-		-			-
Total cash flow hedges		$	89,936		$	51,965	$	(9,378	)	$	(261	)	$	1,943	$	(2,049	)	$	1	$	(20	)	$	588

Derivative	Gain/(Loss) Recognized in AOCI (Effective Portion)
	Year Ended June 30,
	2016		2015		2014
Foreign exchange contracts	$	28,845	$	271,019	$	(37,714	)
Interest rate lock		127		134		-
Interest rate swap		-		-		35
Total cash flow hedges	$	28,972	$	271,153	$	(37,679	)

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, 2016, 2015 and 2014:

Derivative	Location of Derivative Gain/(Loss)	Year Ended June 30,
		2016			2015			2014
Foreign exchange contracts	Cost of sales	$	2,610		$	20,053		$	(5,536	)
Foreign exchange contracts	Foreign exchange losses (gains), net	$	(1,782	)	$	(35,104	)	$	10,882
Foreign exchange contracts	SG&A	$	(412	)	$	-		$	-