Reclassifications from Accumulated Other Comprehensive (Loss) Income The changes in AOCI by component, net of tax, for the three months ended December 31, 2016 and 2015 were as follows: | | | | | | | | | | | | | | | | | | | | | | Three Months Ended December 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 September 30, 2016 | | $ | (11.0 | ) | | $ | (326.9 | ) | | $ | (0.3 | ) | | $ | (44.2 | ) | | $ | (382.4 | ) | Other comprehensive loss before reclassifications | | (0.6 | ) | | — |
| | — |
| | (4.0 | ) | | (4.6 | ) | Amounts reclassified from AOCI (b) | | 4.4 |
| | 5.7 |
| | — |
| | — |
| | 10.1 |
| Net other comprehensive income (loss) | | 3.8 |
| | 5.7 |
| | — |
| | (4.0 | ) | | 5.5 |
| Balance at December 31, 2016 | | $ | (7.2 | ) | | $ | (321.2 | ) | | $ | (0.3 | ) | | $ | (48.2 | ) | | $ | (376.9 | ) |
| | | | | | | | | | | | | | | | | | | | | | Three Months Ended December 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 September 30, 2015 | | $ | (34.0 | ) | | $ | (253.1 | ) | | $ | (0.3 | ) | | $ | (45.9 | ) | | $ | (333.3 | ) | Other comprehensive loss before reclassifications | | (12.4 | ) | | — |
| | — |
| | (2.3 | ) | | (14.7 | ) | Amounts reclassified from AOCI (b) | | 6.7 |
| | 3.7 |
| | — |
| | — |
| | 10.4 |
| Net other comprehensive (loss) income | | (5.7 | ) | | 3.7 |
| | — |
| | (2.3 | ) | | (4.3 | ) | Balance at December 31, 2015 | | $ | (39.7 | ) | | $ | (249.4 | ) | | $ | (0.3 | ) | | $ | (48.2 | ) | | $ | (337.6 | ) |
| | (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, 2016 and 2015 were as follows: | | | | | | | | | | | | | | | | | | | | | | Six Months Ended December 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, 2016 | | $ | (21.8 | ) | | $ | (344.3 | ) | | $ | (0.3 | ) | | $ | (43.5 | ) | | $ | (409.9 | ) | Other comprehensive income (loss) before reclassifications | | 3.9 |
| | 11.4 |
| | — |
| | (4.7 | ) | | 10.6 |
| Amounts reclassified from AOCI (b) | | 10.7 |
| | 11.7 |
| | — |
| | — |
| | 22.4 |
| Net current-period other comprehensive income (loss) | | 14.6 |
| | 23.1 |
| | — |
| | (4.7 | ) | | 33.0 |
| Balance at December 31, 2016 | | $ | (7.2 | ) | | $ | (321.2 | ) | | $ | (0.3 | ) | | $ | (48.2 | ) | | $ | (376.9 | ) |
| | | | | | | | | | | | | | | | | | | | | | Six Months Ended December 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, 2015 | | $ | (28.5 | ) | | $ | (256.8 | ) | | $ | (0.3 | ) | | $ | (42.6 | ) | | $ | (328.2 | ) | Other comprehensive (loss) before reclassifications | | (23.8 | ) | | — |
| | — |
| | (5.6 | ) | | (29.4 | ) | Amounts reclassified from AOCI (b) | | 12.6 |
| | 7.4 |
| | — |
| | — |
| | 20.0 |
| Net current-period other comprehensive (loss) income | | (11.2 | ) | | 7.4 |
| | — |
| | (5.6 | ) | | (9.4 | ) | Balance at December 31, 2015 | | $ | (39.7 | ) | | $ | (249.4 | ) | | $ | (0.3 | ) | | $ | (48.2 | ) | | $ | (337.6 | ) |
The following is a summary of amounts reclassified from AOCI for the three and six months ended December 31, 2016 and 2015: | | | | | | | | | | | | | | | | | | | | ($ 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 | | | 2016 | | 2015 | | 2016 | | 2015 | Cash flow hedging items: | | | | |
| | |
| | |
| | |
| Commodity contracts | | Cost of sales | | $ | (7.9 | ) | | $ | (11.1 | ) | | $ | (18.0 | ) | | $ | (20.5 | ) | Foreign exchange contracts | | Net sales | | 0.5 |
| | 0.2 |
| | 0.6 |
| | 0.1 |
| Forward interest rate swaps | | Interest expense | | 0.1 |
| | 0.1 |
| | 0.2 |
| | 0.2 |
| | | Total before tax | | (7.3 | ) | | (10.8 | ) | | (17.2 | ) | | (20.2 | ) | | | Tax benefit | | 2.9 |
| | 4.1 |
| | 6.5 |
| | 7.6 |
| | | Net of tax | | $ | (4.4 | ) | | $ | (6.7 | ) | | $ | (10.7 | ) | | $ | (12.6 | ) |
| | | | | | | | | | | | | | | | | | | | ($ 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 | | | 2016 | | 2015 | | 2016 | | 2015 | Amortization of pension and other postretirement benefit plan items: | | | | |
| | |
| | | | | Net actuarial loss | | (b) | | $ | (10.3 | ) | | $ | (7.5 | ) | | $ | (20.5 | ) | | $ | (15.1 | ) | Prior service cost | | (b) | | 1.1 |
| | 1.5 |
| | 2.4 |
| | 3.1 |
| Curtailment charge | | (b) | | — |
| | — |
| | (0.5 | ) | | — |
| | | Total before tax | | (9.2 | ) | | (6.0 | ) | | (18.6 | ) | | (12.0 | ) | | | Tax benefit | | 3.5 |
| | 2.3 |
| | 6.9 |
| | 4.6 |
| | | Net of tax | | $ | (5.7 | ) | | $ | (3.7 | ) | | $ | (11.7 | ) | | $ | (7.4 | ) |
| | (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. Pension and Other Postretirement Benefits for additional details). |
|