Accrued Liabilities

6 Months Ended

Dec. 31, 2015

Accrued Liabilities, Current [Abstract]

Accrued Liabilities

Checks outstanding in excess of bank balances create net book overdrafts, which are recorded in accounts payable in the consolidated balance sheets and are reflected as an operating activity in the consolidated statements of cash flows. As of December 31, 2015 and June 30, 2015, the Company had net book overdrafts in certain banks of $8.1 million and $0.0 million, respectively.

Accrued Liabilities

Accrued liabilities consisted of the following as of December 31, 2015 and June 30, 2015:

($ in millions)	December 31, 2015		June 30, 2015
Derivative financial instruments	$	49.7	$	32.7
Accrued compensation and benefits	40.3		44.3
Accrued postretirement benefits	14.0		14.0
Accrued interest expense	11.2		11.2
Accrued pension liabilities	3.4		3.3
Accrued income taxes	1.8		8.7
Other	35.2		38.4
Total accrued liabilities	$	155.6	$	152.6