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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2013
OPERATING ACTIVITIES      
Net income $ 58.7 $ 132.8 $ 146.5
Adjustments to reconcile net income to net cash provided from operating activities:      
Depreciation and amortization 122.3 111.9 104.1
Non-cash restructuring and asset impairment charges 7.6 0.0 0.0
Deferred income taxes 60.4 (9.7) 9.4
Net pension expense 44.5 57.9 68.8
Payments from qualified pension plan associated with restructuring charges 8.3 0.0 0.0
Stock-based compensation expense 10.0 11.4 13.1
Net loss on disposal of property and equipment 1.2 1.5 2.2
Changes in working capital and other:      
Accounts receivable 25.4 5.6 12.6
Inventories 36.0 (37.0) (14.9)
Other current assets (0.3) (5.0) 11.5
Accounts payable (59.9) 16.8 (10.3)
Accrued liabilities (12.1) (21.1) 9.9
Pension plan contributions (7.2) (6.3) (144.9)
Other postretirement plan contributions (13.2) (13.1) (12.8)
Other, net 0.9 (6.1) (6.7)
Net cash provided from operating activities 282.6 239.6 188.5
INVESTING ACTIVITIES      
Purchases of property, equipment and software (170.5) (349.2) (310.2)
Proceeds from disposals of property and equipment 0.2 0.3 1.2
Proceeds received from sale of equity method investment 0.0 0.0 7.9
Proceeds from sales and maturities of marketable securities 0.3 0.3 0.1
Net cash used for investing activities (170.0) (348.6) (301.0)
FINANCING ACTIVITIES      
Proceeds from issuance of long-term debt, net of discounts and offering costs 0.0 0.0 297.0
Payments on long-term debt 0.0 0.0 (101.0)
Dividends paid (37.9) (38.5) (38.3)
Purchases of treasury stock (124.5) 0.0 0.0
Purchase of subsidiary shares from noncontrolling interest 0.0 0.0 (8.4)
Tax benefits on share-based compensation 0.7 2.3 3.9
Proceeds from stock options exercised 2.3 7.1 2.3
Net cash (used for) provided from financing activities (159.4) (29.1) 155.5
Effect of exchange rate changes on cash and cash equivalents (3.2) 0.6 3.5
(DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS (50.0) (137.5) 46.5
Cash and cash equivalents at beginning of year 120.0 257.5 211.0
Cash and cash equivalents at end of year $ 70.0 $ 120.0 $ 257.5