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Fair Value Measurements (Tables)

6 Months Ended

Dec. 31, 2020

Schedule of fair value of assets and liabilities measured on a recurring basis

The following tables present the Company’s assets and liabilities that are measured at fair value on a recurring basis and are categorized using the fair value hierarchy:


December 31, 2020	Fair Value Measurements Using Input Type
($ in millions)	Level 2
Assets:


Derivative financial instruments	$	16.2


Liabilities:
Derivative financial instruments	$	11.1


June 30, 2020	Fair Value Measurements Using Input Type
($ in millions)	Level 2
Assets:


Derivative financial instruments	$	10.1


Liabilities:
Derivative financial instruments	$	17.9

Schedule of carrying amounts and estimated fair values of financial instruments not recorded at fair value in the financial statements

The carrying amounts and estimated fair values of the Company’s financial instruments not recorded at fair value in the financial statements were as follows:


	December 31, 2020				June 30, 2020
($ in millions)	Carrying Value		Fair Value		Carrying Value		Fair Value
Long-term debt	$	694.0	$	754.9	$	551.8	$	551.1
Company-owned life insurance	$	21.7	$	21.7	$	18.9	$	18.9

- Definition

Tabular disclosure of financial instruments measured at fair value, including those classified in shareholders' equity measured on a recurring or nonrecurring basis. Disclosures include, but are not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2. Nonrecurring fair value measurements are those that are required or permitted in the statement of financial position in particular circumstances.

+ References + Details