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Reclassifications from Accumulated Other Comprehensive Income (Loss) (AOCI)
9 Months Ended
Mar. 31, 2021
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Reclassifications from Accumulated Other Comprehensive Income (Loss) (AOCI) Reclassifications from Accumulated Other Comprehensive Income (Loss) (AOCI)
 
The changes in AOCI by component, net of tax, for the three months ended March 31, 2021 and 2020 were as follows:
 

Three Months Ended March 31, 2021
($ in millions) (a)
Cash flow
hedging items
Pension and
other
postretirement
benefit plan
items
Foreign
currency
items
Total
Balances at December 31, 2020$2.1 $(327.1)$(38.1)$(363.1)
Other comprehensive gain (loss) before reclassifications2.8 86.4 (3.7)85.5 
Amounts reclassified from AOCI (b)(1.1)11.7 — 10.6 
Net other comprehensive income (loss)1.7 98.1 (3.7)96.1 
Balances at March 31, 2021$3.8 $(229.0)$(41.8)$(267.0)
 

Three Months Ended March 31, 2020
($ in millions) (a)
Cash flow
hedging items
Pension and
other
postretirement
benefit plan
items
Foreign
currency
items
Total
Balances at December 31, 2019$(7.2)$(287.3)$(41.8)$(336.3)
Other comprehensive loss before reclassifications(7.1)— (13.2)(20.3)
Amounts reclassified from AOCI (b)(1.8)3.1 — 1.3 
Net other comprehensive (loss) income(8.9)3.1 (13.2)(19.0)
Balances at March 31, 2020$(16.1)$(284.2)$(55.0)$(355.3)

(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 nine months ended March 31, 2021 and 2020 were as follows:
Nine Months Ended March 31, 2021
($ in millions) (a)
Cash flow
hedging items
Pension and
other
postretirement
benefit plan
items
Foreign
currency
items
Total
Balances at June 30, 2020$(11.1)$(334.3)$(52.6)$(398.0)
Other comprehensive gain before reclassifications20.1 86.4 10.8 117.3 
Amounts reclassified from AOCI (b)(5.2)18.9 — 13.7 
Net other comprehensive income14.9 105.3 10.8 131.0 
Balances at March 31, 2021$3.8 $(229.0)$(41.8)$(267.0)

Nine Months Ended March 31, 2020
($ in millions) (a)
Cash flow
hedging items
Pension and
other
postretirement
benefit plan
items
Foreign
currency
items
Total
Balances at June 30, 2019$(14.8)$(293.3)$(43.7)$(351.8)
Other comprehensive income (loss) before reclassifications6.8 — (11.3)(4.5)
Amounts reclassified from AOCI (b)(8.1)9.1 — 1.0 
Net other comprehensive (loss) income(1.3)9.1 (11.3)(3.5)
Balances at March 31, 2020$(16.1)$(284.2)$(55.0)$(355.3)

(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 nine months ended March 31, 2021 and 2020:

Details about AOCI ComponentsLocation of
gain
Amount Reclassified from AOCI
Three Months Ended March 31,
Amount Reclassified from AOCI
Nine Months Ended March 31,
($ in millions) (a)2021202020212020
Cash flow hedging items:   
Commodity contractsCost of sales$1.4 $2.2 $6.6 $9.7 
Foreign exchange contractsNet sales— 0.1 — 0.7 
Forward interest rate swapsInterest expense0.1 0.1 0.3 0.3 
Total before tax1.5 2.4 6.9 10.7 
Tax expense(0.4)(0.6)(1.7)(2.6)
Net of tax$1.1 $1.8 $5.2 $8.1 

Details about AOCI ComponentsLocation of
(loss) gain
Amount Reclassified from AOCI
Three Months Ended March 31,
 Amount Reclassified from AOCI
Nine Months Ended March 31,
($ in millions) (a)2021202020212020
Amortization of pension and other postretirement benefit plan items:   
Net actuarial loss(b)$(4.7)$(4.5)$(15.1)$(13.5)
Prior service benefit(b)0.5 0.5 1.6 1.3 
Settlement charge(b)(8.9)— (8.9)— 
Total before tax(13.1)(4.0)(22.4)(12.2)
Tax benefit1.4 0.9 3.5 3.1 
Net of tax$(11.7)$(3.1)$(18.9)$(9.1)

(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. Pension and Other Postretirement Benefits for additional details).