Reclassifications from Accumulated Other Comprehensive (Loss) Income

9 Months Ended

Mar. 31, 2016

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

Reclassifications from Accumulated Other Comprehensive (Loss) Income

Reclassifications from Accumulated Other Comprehensive (Loss) Income

The changes in AOCI by component, net of tax, for the three months ended March 31, 2016 and 2015 were as follows:

Three Months Ended March 31, 2016 ($ 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 December 31, 2015	$	(39.7	)	$	(249.4	)	$	(0.3	)	$	(48.2	)	$	(337.6	)
Other comprehensive (loss) income before reclassifications	(1.7		)	—			—			7.7			6.0
Amounts reclassified from AOCI (b)	7.4			3.8			—			—			11.2
Net current-period other comprehensive income	5.7			3.8			—			7.7			17.2
Balance at March 31, 2016	$	(34.0	)	$	(245.6	)	$	(0.3	)	$	(40.5	)	$	(320.4	)

Three Months Ended March 31, 2015 ($ 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 December 31, 2014	$	(17.9	)	$	(230.8	)	$	(0.4	)	$	(33.7	)	$	(282.8	)
Other comprehensive (loss) before reclassifications	(16.9		)	—			—			(9.9		)	(26.8		)
Amounts reclassified from AOCI (b)	3.7			3.0			—			—			6.7
Net current-period other comprehensive (loss) income	(13.2		)	3.0			—			(9.9		)	(20.1		)
Balance at March 31, 2015	$	(31.1	)	$	(227.8	)	$	(0.4	)	$	(43.6	)	$	(302.9	)

(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 nine months ended March 31, 2016 and 2015 were as follows:

Nine Months Ended March 31, 2016 ($ 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, 2015	$	(28.5	)	$	(256.8	)	$	(0.3	)	$	(42.6	)	$	(328.2	)
Other comprehensive (loss) income before reclassifications	(25.5		)	—			—			2.1			(23.4		)
Amounts reclassified from AOCI (b)	20.0			11.2			—			—			31.2
Net current-period other comprehensive (loss) income	(5.5		)	11.2			—			2.1			7.8
Balance at March 31, 2016	$	(34.0	)	$	(245.6	)	$	(0.3	)	$	(40.5	)	$	(320.4	)

Nine Months Ended March 31, 2015 ($ 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	(42.6		)	—			—			(27.9		)	(70.5		)
Amounts reclassified from AOCI (b)	3.9			8.9			—			—			12.8
Net current-period other comprehensive (loss) income	(38.7		)	8.9			—			(27.9		)	(57.7		)
Balance at March 31, 2015	$	(31.1	)	$	(227.8	)	$	(0.4	)	$	(43.6	)	$	(302.9	)

(a) All amounts are net of tax. Amounts in parentheses indicate debits.

(b) See separate table below for further details.

The following is a summary of amounts reclassified from AOCI for the three and nine months ended March 31, 2016 and 2015:

($ in millions) (a)	Location of (loss) gain	Amount Reclassified from AOCI Three Months Ended March 31,						Amount Reclassified from AOCI Nine Months Ended March 31,
Details about AOCI Components		2016			2015			2016			2015
Cash flow hedging items:
Commodity contracts	Cost of sales	$	(12.0	)	$	(6.9	)	$	(32.6	)	$	(8.4	)
Foreign exchange contracts	Net sales	0.1			0.9			0.2			1.9
Forward interest rate swaps	Interest expense	0.1			0.1			0.3			0.3
	Total before tax	(11.8		)	(5.9		)	(32.1		)	(6.2		)
	Tax benefit	4.4			2.2			12.1			2.3
	Net of tax	$	(7.4	)	$	(3.7	)	$	(20.0	)	$	(3.9	)

($ in millions) (a)	Location of (loss) gain	Amount Reclassified from AOCI Three Months Ended March 31,						Amount Reclassified from AOCI Nine Months Ended March 31,
Details about AOCI Components		2016			2015			2016			2015
Amortization of pension and other postretirement benefit plan items:
Net actuarial loss	(b)	$	(7.5	)	$	(4.7	)	$	(22.5	)	$	(14.1	)
Prior service cost (credits)	(b)	1.5			(0.1		)	4.5			(0.3		)
	Total before tax	(6.0		)	(4.8		)	(18.0		)	(14.4		)
	Tax benefit	2.2			1.8			6.8			5.5
	Net of tax	$	(3.8	)	$	(3.0	)	$	(11.2	)	$	(8.9	)

(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 8. Pension and Other Postretirement Benefits for additional details).