Equity and Accumulated Other Comprehensive Income (Loss) (Tables)

9 Months Ended

Mar. 31, 2019

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

Schedule of Comprehensive Income (Loss)

Accumulated Other Comprehensive Income/(loss)

The components of the changes in the cumulative translation adjustment, minimum pension liability, and available for sale investment for the three and nine months ended March 31, 2019 and 2018 are presented below.

	Three Months Ended   March 31,				Nine Months Ended   March 31,
(Dollars in millions)	2019		2018		2019		2018
Foreign currency translation adjustments:
Net investment hedge	$	5.9	$	(22.1)	$	17.3	$	(43.6)
Long-term intercompany loans	17.1		17.5		3.0		28.7
Translation adjustments	0.9		36.6		(20.9)		67.5
Total foreign currency translation adjustment, pretax	23.9		32.0		(0.6)		52.6
Tax expense/(benefit)	2.4		(6.2)		4.3		(10.3)
Total foreign currency translation adjustment, net of tax	$	21.5	$	38.2	$	(4.9)	$	62.9
Net change in minimum pension liability
Net gain recognized during the period	$	0.6	$	0.6	1.9		1.8
Total pension liability, pretax	0.6		0.6		1.9		1.8
Tax expense	0.2		0.2		0.5		0.5
Net change in minimum pension liability, net of tax	$	0.4	$	0.4	$	1.4	$	1.3
Net change in available for sale investment:
Net loss recognized during the period	$	—	$	0.9	—		(7.9)
Total available for sale investment, pretax	—		0.9		—		(7.9)
Tax benefit	—		0.2		—		(2.2)
Net change in available for sale investment, net of tax	$	—	$	0.7	$	—	$	(5.7)

Schedule of Accumulated Other Comprehensive Income (Loss)

For the three months ended March 31, 2019, the changes in accumulated other comprehensive income/(loss), net of tax by component are as follows:

(Dollars in millions)	Foreign Exchange Translation Adjustments		Pension and Liability Adjustments		Available for Sale Investment Adjustments		Total
Balance at December 31, 2018	$	(311.5)	$	(38.6)	$	(1.1)	$	(351.2)
Other comprehensive income/(loss) before reclassifications	21.5		—		—		21.5
Amounts reclassified from accumulated other comprehensive income/(loss)	—		0.4		—		0.4
Net current period other comprehensive income/(loss)	21.5		0.4		—		21.9
Balance at March 31, 2019	$	(290.0)	$	(38.2)	$	(1.1)	$	(329.3)

For the nine months ended March 31, 2019, the changes in accumulated other comprehensive income/(loss), net of tax by component are as follows:

(Dollars in millions)	Foreign Exchange Translation Adjustments		Pension and Liability Adjustments		Available for Sale Investment Adjustments		Total
Balance at June 30, 2018	$	(285.1)	$	(39.6)	$	(1.1)	$	(325.8)
Other comprehensive income/(loss) before reclassifications	(4.9)		—		—		(4.9)
Amounts reclassified from accumulated other comprehensive income/(loss)	—		1.4		—		1.4
Net current period other comprehensive income/(loss)	(4.9)		1.4		—		(3.5)
Balance at March 31, 2019	$	(290.0)	$	(38.2)	$	(1.1)	$	(329.3)