Debt (Tables)

3 Months Ended

Sep. 30, 2016

Debt Disclosure [Abstract]

Schedule of Debt

At September 30, 2016 and June 30, 2016, total debt consisted of the following:

	Fair Value at September 30, 2016 (1)			Book Value at September 30, 2016			Fair Value at June 30, 2016 (1)			Book Value at June 30, 2016
Short-term debt	$	1,226		$	1,226		$	-		$	-
4.150 Percent Senior Notes		413,640			400,000			417,440			400,000
2.000 Percent Senior Notes		408,797			393,223			390,654			388,710
Borrowings under revolving credit facility		483,000			483,000			523,000			523,000
IS Obligation (2)		56,095			56,095			82,805			82,805
Capital lease obligations		11,523			11,523			12,322			12,322
Unamortized debt discount on 4.150 Percent Senior Notes		(2,349	)		(2,349	)		(2,407	)		(2,407	)
Unamortized debt discount on 2.000 Percent Senior Notes		(1,245	)		(1,245	)		(1,283	)		(1,283	)
Unamortized Senior Note Issuance Costs		(5,964	)		(5,964	)		(6,173	)		(6,173	)
Total debt		1,364,723			1,335,509			1,416,358			1,396,974
Short-term debt		(1,226	)		(1,226	)		-			-
Current portion of long-term debt (2)		(59,715	)		(59,715	)		(86,641	)		(86,641	)
Total long-term debt	$	1,303,782		$	1,274,568		$	1,329,717		$	1,310,333

⁽¹⁾ The estimated fair value of the 2.000 Percent Senior Notes and the 4.150 Percent Senior Notes were based on a broker quotation (Level 2). Under fair value accounting guidance, Level 2 is based on inputs that are observable for the asset or liability, either directly or indirectly through market corroboration, for substantially the full term of the financial instrument.

⁽²⁾ Amounts due under the IS Obligation have been recorded at their present value and will be accreted to the ultimate settlement amount through the effective-interest method (Level 2).  We are required to make payments of €13 million due every July 1^st from 2017 through 2020.  Because the IS Obligation has an option, which if exercised requires us to make selected installment payments on demand, it has been included as Current portion of long-term debt.  Refer to Note 8-Goodwill and Intangible Assets, Net for more information.

Debt, Maturities in Years

At September 30, 2016, total debt maturing in each of the next five fiscal years and thereafter is as follows:

2017	$	60,164
2018		3,008
2019		2,121
2020		484,638
2021		1,481
Thereafter		793,655
Total	$	1,345,067