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Reclassifications from Accumulated Other Comprehensive Income (AOCI) (Tables)
 6 Months Ended
Dec. 31, 2014
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Schedule of changes in AOCI by component, net of tax
The changes in AOCI by component, net of tax, for the three months ended December 31, 2014 and 2013 were as follows:
 
Three Months Ended December 31, 2014
($ in millions) (a)
 
Cash flow
hedging items
 
Pension and
other
postretirement
benefit plan
items
 
Unrealized
losses on
available-for-
sale securities
 
Foreign
currency
items
 
Total
Balance at September 30, 2014
 
$
(10.6
)
 
$
(233.7
)
 
$
(0.4
)
 
$
(23.6
)
 
$
(268.3
)
Other comprehensive loss before reclassifications
 
(9.0
)
 
—

 
—

 
(10.1
)
 
(19.1
)
Amounts reclassified from AOCI (b)
 
1.7

 
2.9

 
—

 
—

 
4.6

 
 
 
 
 
 
 
 
 
 
 
Net current-period other comprehensive (loss) income
 
(7.3
)
 
2.9

 
—

 
(10.1
)
 
(14.5
)
 
 
 
 
 
 
 
 
 
 
 
Balance at December 31, 2014
 
$
(17.9
)
 
$
(230.8
)
 
$
(0.4
)
 
$
(33.7
)
 
$
(282.8
)
 
Three Months Ended December 31, 2013
($ in millions) (a)
 
Cash flow
hedging items
 
Pension and
other
postretirement
benefit plan
items
 
Unrealized
losses on
available-for-
sale securities
 
Foreign
currency
items
 
Total
Balance at September 30, 2013
 
$
(37.9
)
 
$
(270.0
)
 
$
(0.5
)
 
$
(16.7
)
 
$
(325.1
)
Other comprehensive (loss) income before reclassifications
 
(2.0
)
 
—

 
0.2

 
1.4

 
(0.4
)
Amounts reclassified from AOCI (b)
 
4.4

 
3.9

 
—

 
—

 
8.3

 
 
 
 
 
 
 
 
 
 
 
Net current-period other comprehensive income
 
2.4

 
3.9

 
0.2

 
1.4

 
7.9

 
 
 
 
 
 
 
 
 
 
 
Balance at December 31, 2013
 
$
(35.5
)
 
$
(266.1
)
 
$
(0.3
)
 
$
(15.3
)
 
$
(317.2
)
 
(a)
All amounts are net of tax. Amounts in parentheses indicate debits.
(b)
See separate table below for further details.

The changes in AOCI by component, net of tax, for the six months ended December 31, 2014 and 2013 were as follows:
 
Six Months Ended December 31, 2014
($ in millions) (a)
 
Cash flow
hedging items
 
Pension and
other
postretirement
benefit plan
items
 
Unrealized
losses on
available-for-
sale securities
 
Foreign
currency
items
 
Total
 
 
 
 
 
 
 
 
 
 
 
Balance at June 30, 2014
 
$
7.6

 
$
(236.7
)
 
$
(0.4
)
 
$
(15.7
)
 
$
(245.2
)
Other comprehensive loss before reclassifications
 
(25.7
)
 
—

 
—

 
(18.0
)
 
(43.7
)
Amounts reclassified from AOCI (b)
 
0.2

 
5.9

 
—

 
—

 
6.1

 
 
 
 
 
 
 
 
 
 
 
Net current-period other comprehensive (loss) income
 
(25.5
)
 
5.9

 
—

 
(18.0
)
 
(37.6
)
 
 
 
 
 
 
 
 
 
 
 
Balance at December 31, 2014
 
$
(17.9
)
 
$
(230.8
)
 
$
(0.4
)
 
$
(33.7
)
 
$
(282.8
)
 
Six Months Ended December 31, 2013
($ in millions) (a)
 
Cash flow
hedging items
 
Pension and
other
postretirement
benefit plan
items
 
Unrealized
losses on
available-for-
sale securities
 
Foreign
currency
items
 
Total
 
 
 
 
 
 
 
 
 
 
 
Balance at June 30, 2013
 
$
(41.5
)
 
$
(273.6
)
 
$
(0.4
)
 
$
(20.2
)
 
$
(335.7
)
Other comprehensive (loss) income before reclassifications
 
(3.2
)
 
—

 
0.1

 
4.9

 
1.8

Amounts reclassified from AOCI (b)
 
9.2

 
7.5

 
—

 
—

 
16.7

 
 
 
 
 
 
 
 
 
 
 
Net current-period other comprehensive income
 
6.0

 
7.5

 
0.1

 
4.9

 
18.5

 
 
 
 
 
 
 
 
 
 
 
Balance at December 31, 2013
 
$
(35.5
)
 
$
(266.1
)
 
$
(0.3
)
 
$
(15.3
)
 
$
(317.2
)
 
(a)
All amounts are net of tax. Amounts in parentheses indicate debits.
(b)
See separate table below for further details.
Schedule of amounts reclassified from AOCI
The following is a summary of amounts reclassified from AOCI for the three and six months ended December 31, 2014 and 2013:
 
($ in millions) (a)
 
Location of
(loss) gain
 
Amount Reclassified from AOCI
Three Months Ended December 31,
 
Amount Reclassified from AOCI
Six Months Ended December 31,
Details about AOCI Components
 
 
2014
 
2013
 
2014
 
2013
Cash flow hedging items:
 
 
 
 

 
 

 
 

 
 

Commodity contracts
 
Cost of sales
 
$
(3.5
)
 
$
(6.8
)
 
$
(1.5
)
 
$
(14.4
)
Foreign exchange contracts
 
Net sales
 
0.7

 
(0.3
)
 
1.0

 
(0.5
)
Forward interest rate swaps
 
Interest expense
 
0.1

 
0.1

 
0.2

 
0.2

 
 
Total before tax
 
(2.7
)
 
(7.0
)
 
(0.3
)
 
(14.7
)
 
 
Tax benefit
 
1.0

 
2.6

 
0.1

 
5.5

 
 
Net of tax
 
$
(1.7
)
 
$
(4.4
)
 
$
(0.2
)
 
$
(9.2
)
 
 
 
 
 
 
 
 
 
 
 
Amortization of pension and other postretirement benefit plan items
 
 
 
 

 
 

 
 

 
 

Net actuarial loss
 
(b)
 
$
(4.7
)
 
$
(5.8
)
 
$
(9.4
)
 
$
(11.6
)
Prior service cost
 
(b)
 
(0.1
)
 
(0.1
)
 
(0.2
)
 
(0.2
)
 
 
Total before tax
 
(4.8
)
 
(5.9
)
 
(9.6
)
 
(11.8
)
 
 
Tax benefit
 
1.9

 
2.0

 
3.7

 
4.3

 
 
Net of tax
 
$
(2.9
)
 
$
(3.9
)
 
$
(5.9
)
 
$
(7.5
)
 
(a)
Amounts in parentheses indicate debits to income/loss.
(b)
These AOCI components are included in the computation of net periodic benefit cost (see Note 6 for additional details).