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Reclassifications from Accumulated Other Comprehensive (Loss) Income (AOCI)
 6 Months Ended
Dec. 31, 2018
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Reclassifications from Accumulated Other Comprehensive (Loss) Income (AOCI)
Reclassifications from Accumulated Other Comprehensive (Loss) Income (AOCI)
 
The changes in AOCI by component, net of tax, for the three months ended December 31, 2018 and 2017 were as follows:
 

Three Months Ended December 31, 2018
($ in millions) (a)
 
Cash flow hedging items
 
Pension and other postretirement benefit plan items
 
Unrealized (losses) gains on available-for-sale securities
 
Foreign currency items
 
Total
Balance at September 30, 2018
 
$
(0.2
)
 
$
(218.7
)
 
$
—

 
$
(42.2
)
 
$
(261.1
)
Other comprehensive loss before reclassifications
 
(14.9
)
 
—

 
—

 
(2.7
)
 
(17.6
)
Amounts reclassified from AOCI (b)
 
(0.5
)
 
1.7

 
—

 
—

 
1.2

Net other comprehensive (loss) income
 
(15.4
)
 
1.7

 
—

 
(2.7
)
 
(16.4
)
Balance at December 31, 2018
 
$
(15.6
)
 
$
(217.0
)
 
$
—

 
$
(44.9
)
 
$
(277.5
)
 

Three Months Ended December 31, 2017
($ 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, 2017
 
$
5.8

 
$
(296.9
)
 
$
(0.3
)
 
$
(39.7
)
 
$
(331.1
)
Other comprehensive income (loss) before reclassifications
 
14.9

 
—

 
—

 
(1.5
)
 
13.4

Amounts reclassified from AOCI (b)
 
0.1

 
2.5

 
—

 
—

 
2.6

Net other comprehensive income (loss)
 
15.0

 
2.5

 
—

 
(1.5
)
 
16.0

Balance at December 31, 2017
 
$
20.8

 
$
(294.4
)
 
$
(0.3
)
 
$
(41.2
)
 
$
(315.1
)
 
(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, 2018 and 2017 were as follows:

Six Months Ended December 31, 2018
($ in millions) (a)
 
Cash flow hedging items
 
Pension and other postretirement benefit plan items
 
Unrealized (losses) gains on available-for-sale securities
 
Foreign currency items
 
Total
Balance at June 30, 2018
 
$
23.8

 
$
(220.4
)
 
$
(0.3
)
 
$
(42.9
)
 
$
(239.8
)
Cumulative adjustment upon adoption of ASU 2017-12 reclassified to reinvested earnings
 
(1.0
)
 
—

 
—

 
—

 
(1.0
)
Other comprehensive (loss) income before reclassifications
 
(39.1
)
 
—

 
0.3

 
(2.0
)
 
(40.8
)
Amounts reclassified from AOCI (b)
 
0.7

 
3.4

 
—

 
—

 
4.1

Net other comprehensive (loss) income
 
(39.4
)
 
3.4

 
0.3

 
(2.0
)
 
(37.7
)
Balance at December 31, 2018
 
$
(15.6
)
 
$
(217.0
)
 
$
—

 
$
(44.9
)
 
$
(277.5
)
Six Months Ended December 31, 2017
($ 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 before reclassifications
 
21.0

 
—

 
—

 
0.3

 
21.3

Amounts reclassified from AOCI (b)
 
2.1

 
4.6

 
—

 
—

 
6.7

Net current-period other comprehensive income
 
23.1

 
4.6

 
—

 
0.3

 
28.0

Balance at December 31, 2017
 
$
20.8

 
$
(294.4
)
 
$
(0.3
)
 
$
(41.2
)
 
$
(315.1
)


(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 three and six months ended December 31, 2018 and 2017:
 
Details about AOCI Components
 
Location of
gain (loss)
 
Amount Reclassified from AOCI
Three Months Ended December 31,
 
Amount Reclassified from AOCI
Six Months Ended December 31,
($ in millions) (a)
 
 
2018
 
2017
 
2018
 
2017
Cash flow hedging items:
 
 
 
 

 
 

 
 

 
 

Commodity contracts
 
Cost of sales
 
$
0.2

 
$
(0.2
)
 
$
(1.8
)
 
$
(2.8
)
Foreign exchange contracts
 
Net sales
 
0.3

 
(0.1
)
 
0.6

 
(0.5
)
Forward interest rate swaps
 
Interest expense
 
0.1

 
0.1

 
0.2

 
0.2

Total before tax
 
 
 
0.6

 
(0.2
)
 
(1.0
)
 
(3.1
)
Tax (expense) benefit
 
 
 
(0.1
)
 
0.1

 
0.3

 
1.0

Net of tax
 
 
 
$
0.5

 
$
(0.1
)
 
$
(0.7
)
 
$
(2.1
)

Details about AOCI Components
 
Location of
(loss) gain
 
Amount Reclassified from AOCI
Three Months Ended December 31,
 
Amount Reclassified from AOCI
Six Months Ended December 31,
($ in millions) (a)
 
 
2018
 
2017
 
2018
 
2017
Amortization of pension and other postretirement benefit plan items:
 
 
 
 

 
 

 
 
 
 
Net actuarial loss
 
(b)
 
$
(3.0
)
 
$
(4.1
)
 
$
(6.0
)
 
$
(8.3
)
Prior service benefit
 
(b)
 
0.8

 
0.8

 
1.6

 
1.6

Total before tax
 
 
 
(2.2
)
 
(3.3
)
 
(4.4
)
 
(6.7
)
Tax benefit
 
 
 
0.5

 
0.8

 
1.0

 
2.1

Net of tax
 
 
 
$
(1.7
)
 
$
(2.5
)
 
$
(3.4
)
 
$
(4.6
)

(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).