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Reclassifications from Accumulated Other Comprehensive (Loss) Income
12 Months Ended
Jun. 30, 2018
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 years ended June 30, 2018 and 2017 were as follows:

($ 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, 2017
 
$
(2.3
)
 
$
(299.0
)
 
$
(0.3
)
 
$
(41.5
)
 
$
(343.1
)
Other comprehensive income (loss) before reclassifications
 
26.9

 
69.7

 

 
(1.4
)
 
95.2

Amounts reclassified from AOCI (b)
 
(0.8
)
 
8.9

 

 

 
8.1

 
 
 
 
 
 
 
 
 
 
 
Net current-period other comprehensive income (loss)
 
26.1

 
78.6

 

 
(1.4
)
 
103.3

 
 
 
 
 
 
 
 
 
 
 
Balance at June 30, 2018
 
$
23.8

 
$
(220.4
)
 
$
(0.3
)
 
$
(42.9
)
 
$
(239.8
)
($ 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 before reclassifications
 
5.7

 
22.4

 

 
2.0

 
30.1

Amounts reclassified from AOCI (b)
 
13.8

 
22.9

 

 

 
36.7

 
 
 
 
 
 
 
 
 
 
 
Net current-period other comprehensive income
 
19.5

 
45.3

 

 
2.0

 
66.8

 
 
 
 
 
 
 
 
 
 
 
Balance at June 30, 2017
 
$
(2.3
)
 
$
(299.0
)
 
$
(0.3
)
 
$
(41.5
)
 
$
(343.1
)

(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 years ended June 30, 2018 and 2017:
 
 
 
 
 
Amount Reclassified from AOCI
 
 
 
 
Years Ended June 30,
($ in millions) (a)
 
Location of gain
(loss)
 
2018
 
2017
Details about AOCI Components
 
 
 
 

 
 
Cash flow hedging items
 
 
 
 

 
 
Commodity contracts
 
Cost of sales
 
$
1.8

 
$
(22.8
)
Foreign exchange contracts
 
Net sales
 
(1.0
)
 
0.5

Forward interest rate swaps
 
Interest expense
 
0.4

 
0.4

 
 
Total before tax
 
1.2

 
(21.9
)
 
 
Tax (expense) benefit
 
(0.4
)
 
8.1

 
 
Net of tax
 
$
0.8

 
$
(13.8
)
Amortization of pension and other postretirement benefit plan items
 
 
 
 

 
 

Net actuarial loss
 
(b)
 
$
(16.4
)
 
$
(41.0
)
Prior service cost
 
(b)
 
3.1

 
4.7

 
 
Total before tax
 
(13.3
)
 
(36.3
)
 
 
Tax benefit
 
4.4

 
13.4

 
 
Net of tax
 
$
(8.9
)
 
$
(22.9
)

(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 10 for additional details).