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Fair Value Measurements (Tables)
6 Months Ended
Dec. 31, 2015
Fair Value Disclosures [Abstract]  
Schedule of fair value of assets and liabilities measured on a recurring basis
The following tables present the Company’s assets and liabilities that are measured at fair value on a recurring basis and are categorized using the fair value hierarchy:
 
December 31, 2015
 
Fair Value
Measurements Using
Input Type
($ in millions)
 
Level 2
Assets:
 
 

Marketable securities
 
 

Municipal auction rate securities
 
$
5.0

Derivative financial instruments
 
6.8

Total assets
 
$
11.8

 
 
 

Liabilities:
 
 

Derivative financial instruments
 
$
73.3

 
June 30, 2015
 
Fair Value
Measurements Using
Input Type
($ in millions)
 
Level 2
Assets:
 
 

Marketable securities
 
 

Municipal auction rate securities
 
$
5.0

Derivative financial instruments
 
4.4

Total assets
 
$
9.4

 
 
 

Liabilities:
 
 

Derivative financial instruments
 
$
53.5

Schedule of carrying amounts and estimated fair values of financial instruments not recorded at fair value in the financial statements
The carrying amounts and estimated fair values of the Company’s financial instruments not recorded at fair value in the financial statements were as follows:
 
 
 
December 31, 2015
 
June 30, 2015
($ in millions)
 
Carrying
Value
 
Fair
Value
 
Carrying
Value
 
Fair
Value
Long-term debt
 
$
608.4

 
$
598.4

 
$
607.1

 
$
628.6

Company-owned life insurance
 
$
13.0

 
$
13.0

 
$
13.0

 
$
13.0