Debt (Tables)

6 Months Ended

Dec. 31, 2016

Debt Disclosure [Abstract]

Schedule of Debt

At December 31, 2016 and June 30, 2016, total debt consisted of the following:

	Fair Value at December 31, 2016 (1)			Book Value at December 31, 2016			Fair Value at June 30, 2016 (1)			Book Value at June 30, 2016
Short-term debt	$	2,832		$	2,832		$	-		$	-
4.150 Percent Senior Notes		398,480			400,000			417,440			400,000
2.000 Percent Senior Notes		388,046			368,096			390,654			388,710
Borrowings under revolving credit facility		513,000			513,000			523,000			523,000
IS Obligation (2)		52,742			52,742			82,805			82,805
Capital lease obligations		10,470			10,470			12,322			12,322
Unamortized debt discount on 4.150 Percent Senior Notes		(2,293	)		(2,293	)		(2,407	)		(2,407	)
Unamortized debt discount on 2.000 Percent Senior Notes		(1,117	)		(1,117	)		(1,283	)		(1,283	)
Unamortized Senior Note Issuance Costs		(5,754	)		(5,754	)		(6,173	)		(6,173	)
Total debt		1,356,406			1,337,976			1,416,358			1,396,974
Short-term debt		(2,832	)		(2,832	)		-			-
Current portion of long-term debt (2)		(55,543	)		(55,543	)		(86,641	)		(86,641	)
Total long-term debt	$	1,298,031		$	1,279,601		$	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 December 31, 2016, total debt maturing in each of the next five fiscal years and thereafter is as follows:

2017	$	57,362
2018		3,038
2019		2,084
2020		514,652
2021		1,472
Thereafter		768,532
Total	$	1,347,140