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Other Comprehensive Income (Loss) (Tables)
 12 Months Ended
Jun. 30, 2016
Equity [Abstract]  
Schedule of Other Comprehensive Income (Loss)

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

 

 

 

Year Ended June 30,

 

 

 

2016

 

 

2015

 

 

2014

 

 

 

Pre-Tax

 

 

Net of Tax

 

 

Pre-Tax

 

 

Net of Tax

 

 

Pre-Tax

 

 

Net of Tax

 

Foreign currency translation (losses) gains

 

$

(26,960

)

 

$

(26,960

)

 

$

(191,212

)

 

$

(191,212

)

 

$

44,881

 

 

$

44,881

 

Changes in hedging derivatives:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Reclassifications from AOCI into income

   (effective portion)(1)

 

 

(90,109

)

 

 

(68,259

)

 

 

(51,720

)

 

 

(39,016

)

 

 

8,980

 

 

 

6,726

 

Reclassifications from AOCI into income

   (effective portion)(2)

 

 

305

 

 

 

231

 

 

 

(245

)

 

 

(185

)

 

 

398

 

 

 

298

 

Reclassifications from AOCI into income

   (effective portion)(3)

 

 

(153

)

 

 

(116

)

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Reclassifications from AOCI into income

   (effective portion)(4)

 

 

21

 

 

 

16

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Gains (losses) recognized in AOCI

   (effective portion)

 

 

28,972

 

 

 

21,947

 

 

 

271,153

 

 

 

204,549

 

 

 

(37,679

)

 

 

(28,220

)

Other losses

 

 

(1,785

)

 

 

(1,355

)

 

 

(993

)

 

 

(749

)

 

 

(69

)

 

 

(52

)

Unrealized (losses) gains on hedging derivatives

 

 

(62,749

)

 

 

(47,536

)

 

 

218,195

 

 

 

164,599

 

 

 

(28,370

)

 

 

(21,248

)

Pension liability adjustment:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Amortization of prior service cost(5)

 

 

968

 

 

 

690

 

 

 

975

 

 

 

535

 

 

 

1,001

 

 

 

760

 

Amortization of net loss(5)

 

 

4,874

 

 

 

3,476

 

 

 

3,767

 

 

 

2,068

 

 

 

3,038

 

 

 

2,305

 

Expected return on plan assets(5)

 

 

(122

)

 

 

(87

)

 

 

(255

)

 

 

(140

)

 

 

(259

)

 

 

(197

)

Actuarial loss(5)

 

 

(28,199

)

 

 

(20,111

)

 

 

(14,866

)

 

 

(8,162

)

 

 

(10,876

)

 

 

(8,253

)

Other gains (losses)(6)

 

 

2,775

 

 

 

1,981

 

 

 

6,996

 

 

 

3,841

 

 

 

(570

)

 

 

(432

)

Pension liability adjustment

 

 

(19,704

)

 

 

(14,051

)

 

 

(3,383

)

 

 

(1,858

)

 

 

(7,666

)

 

 

(5,817

)

Unrealized (losses) gains on available-for-sale

   securities

 

 

(200

)

 

 

(128

)

 

 

167

 

 

 

106

 

 

 

287

 

 

 

183

 

Other comprehensive (loss) income

 

$

(109,613

)

 

$

(88,675

)

 

$

23,767

 

 

$

(28,365

)

 

$

9,132

 

 

$

17,999

 

Other comprehensive (loss) income attributable

   to Harman International Industries, Incorporated

 

$

(109,613

)

 

$

(88,675

)

 

$

23,767

 

 

$

(28,365

)

 

$

9,132

 

 

$

17,999

 

 

(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 Foreign exchange (losses) gains, net in our Consolidated Statements of Income. Refer to Note 10—Derivatives for more information.

(4)

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

(5)

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

(6)

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

Schedule of Accumulated Other Comprehensive Income Loss

AOCI: At June 30, 2016 and 2015, AOCI consisted of the following:

 

 

 

June 30,

 

Income/(Loss):

 

2016

 

 

2015

 

Cumulative translation adjustment

 

$

(122,018

)

 

$

(95,058

)

Pension liability adjustment

 

 

(58,445

)

 

 

(44,394

)

Unrealized gains on hedging derivatives

 

 

102,844

 

 

 

150,380

 

Unrealized gains on available-for-sale securities

 

 

378

 

 

 

506

 

Total AOCI

 

$

(77,241

)

 

$

11,434