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Reclassifications from Accumulated Other Comprehensive (Loss) Income (AOCI)
 3 Months Ended
Sep. 30, 2019
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 September 30, 2019 and 2018 were as follows:
 

Three Months Ended September 30, 2019
($ in millions) (a)
 
Cash flow hedging items
 
Pension and other postretirement benefit plan items
 
Unrealized gains (losses) on available-for-sale securities
 
Foreign currency items
 
Total
Balances at June 30, 2019
 
$
(14.8
)
 
$
(293.3
)
 
$
—

 
$
(43.7
)
 
$
(351.8
)
Other comprehensive income (loss) before reclassifications
 
30.7

 
—

 
—

 
(5.5
)
 
25.2

Amounts reclassified from AOCI (b)
 
(4.0
)
 
3.0

 
—

 
—

 
(1.0
)
Net other comprehensive income (loss)
 
26.7

 
3.0

 
—

 
(5.5
)
 
24.2

Balances at September 30, 2019
 
$
11.9

 
$
(290.3
)
 
$
—

 
$
(49.2
)
 
$
(327.6
)
 

Three Months Ended September 30, 2018
($ in millions) (a)
 
Cash flow hedging items
 
Pension and other postretirement benefit plan items
 
Unrealized gains (losses) on available-for-sale securities
 
Foreign currency items
 
Total
Balances 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
 
(24.3
)
 
—

 
0.3

 
0.7

 
(23.3
)
Amounts reclassified from AOCI (b)
 
1.3

 
1.7

 
—

 
—

 
3.0

Net other comprehensive (loss) income
 
(24.0
)
 
1.7

 
0.3

 
0.7

 
(21.3
)
Balances at September 30, 2018
 
$
(0.2
)
 
$
(218.7
)
 
$
—

 
$
(42.2
)
 
$
(261.1
)
 
(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 months ended September 30, 2019 and 2018:
 
Details about AOCI Components
 
Location of
gain (loss)
 
Amount Reclassified from AOCI
Three Months Ended September 30,
($ in millions) (a)
 
 
2019
 
2018
Cash flow hedging items:
 
 
 
 

 
 

Commodity contracts
 
Cost of sales
 
$
4.8

 
$
(2.0
)
Foreign exchange contracts
 
Net sales
 
0.4

 
0.2

Forward interest rate swaps
 
Interest expense
 
0.1

 
0.1

Total before tax
 
 
 
5.3

 
(1.7
)
Tax (expense) benefit
 
 
 
(1.3
)
 
0.4

Net of tax
 
 
 
$
4.0

 
$
(1.3
)

Details about AOCI Components
 
Location of
(loss) gain
 
Amount Reclassified from AOCI
Three Months Ended September 30,
($ in millions) (a)
 
 
2019
 
2018
Amortization of pension and other postretirement benefit plan items:
 
 
 
 

 
 

Net actuarial loss
 
(b)
 
$
(4.5
)
 
$
(3.0
)
Prior service benefit
 
(b)
 
0.5

 
0.8

Total before tax
 
 
 
(4.0
)
 
(2.2
)
Tax benefit
 
 
 
1.0

 
0.5

Net of tax
 
 
 
$
(3.0
)
 
$
(1.7
)

(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).