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Derivatives and Hedging Activities (Tables)
 12 Months Ended
Jun. 30, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Fair Value and Location of Outstanding Derivative Contracts Recorded in Consolidated Balance Sheets
The fair value and location of outstanding derivative contracts recorded in the accompanying consolidated balance sheets were as follows as of June 30, 2021 and 2020:
 
June 30, 2021
($ in millions)		Interest Rate SwapsForeign Currency ContractsCommodity ContractsTotal Derivatives
Asset Derivatives:   
Derivatives designated as hedging instruments:   
Other current assets$— $— $10.0 $10.0 
Other assets— — 5.9 5.9 
Total asset derivatives$— $— $15.9 $15.9 
Liability Derivatives:   
Derivatives designated as hedging instruments:   
Accrued liabilities$— $2.6 $1.6 $4.2 
Other liabilities— — 1.1 1.1 
Total liability derivatives$— $2.6 $2.7 $5.3 
June 30, 2020
($ in millions)		Interest Rate SwapsForeign Currency ContractsCommodity ContractsTotal Derivatives
Asset Derivatives:   
Derivatives designated as hedging instruments:   
Other current assets$1.2 $0.2 $2.2 $3.6 
Other assets2.8 0.6 3.1 6.5 
Total asset derivatives$4.0 $0.8 $5.3 $10.1 
Liability Derivatives:   
Derivatives designated as hedging instruments:   
Accrued liabilities$— $— $11.1 $11.1 
Other liabilities— — 6.8 6.8 
Total liability derivatives$— $— $17.9 $17.9 
Summary of the Gains (Losses) Related to Cash Flow Hedges The following is a summary of the gains (losses) related to cash flow hedges recognized during the years ended June 30, 2021, 2020 and 2019:
 
Amount of Gain (Loss) Recognized in AOCI on Derivatives 
Years Ended June 30,
($ in millions)202120202019
Derivatives in Cash Flow Hedging Relationship:
Commodity contracts$30.7 $(16.9)$45.4 
Foreign exchange contracts— (0.7)(0.9)
Total$30.7 $(17.6)$44.5 
 
Amount of Gain Reclassified from AOCI into Income 
Years Ended June 30,
($ in millions)Location of Gain  
Reclassified from AOCI
 into Income		202120202019
Derivatives in Cash Flow Hedging Relationship:
Commodity contractsCost of sales$6.6 $11.5 $5.1 
Foreign exchange contractsNet sales— 0.8 1.0 
Forward interest rate swapsInterest expense0.4 0.4 0.4 
Total$7.0 $12.7 $6.5 

The following is a summary of total amounts presented in the consolidated statements of operations in which the effects of cash flow and fair value hedges are recorded during the years ended June 30, 2021 and 2020:
Year Ended
June 30, 2021		Year Ended
June 30, 2020
($ in millions)Net SalesCost of SalesInterest Expense*Net SalesCost of SalesInterest Expense
Total amounts presented in the consolidated statements of operations in which the effects of cash flow and fair value hedges are recorded$1,475.6 $1,470.4 $32.7 $2,181.1 $1,822.4 $19.8 
Gain on Derivatives in Cash Flow Hedging Relationship:
   Commodity contracts
Amount of gain reclassified from AOCI to income— 6.6 — — 11.5 — 
   Foreign currency forward contracts
Amount of gain reclassified from AOCI to income— — — 0.8 — — 
   Interest rate swap agreements
Amount of gain reclassified from AOCI to income— — 0.4 — — 0.4 
(Loss) Gain on Derivatives in Fair Value Hedging Relationship:
   Interest rate swap agreements
         Hedged Item— — (2.7)— — (1.4)
Derivatives designated as hedging instruments— — 2.7 — — 1.4 
Total gain$— $6.6 $0.4 $0.8 $11.5 $0.4 
*$2.3 million of gains related to the interest rate swap agreements were recorded as a decrease to debt extinguishment losses.
Summary of Amounts Recorded in Balance Sheet Related to Cumulative Basis Adjustment for Fair Value Interest Rate Risk Hedges
As of June 30, 2021, and June 30, 2020, the following amounts were recorded on the consolidated balance sheets related to cumulative basis adjustments for fair value hedges of interest rate risk:
Carrying amount of the hedged liabilitiesCumulative amount of fair value loss in the carrying amount of the hedged liabilities
June 30,June 30,
($ in millions)2021202020212020
Line item in the consolidated balance sheets in which the hedged item is included:
Long-Term Debt$— $152.8 $— $2.8 
Schedule of Changes in AOCI Associated with Derivative Hedging Activities
The changes in AOCI associated with derivative hedging activities during the years ended June 30, 2021, 2020 and 2019 were as follows:
 
Years Ended June 30,
($ in millions)202120202019
Balance, beginning$(11.1)$(14.8)$23.8 
Cumulative adjustment upon adoption of ASU 2017-12 reclassified to reinvested earnings— — (1.0)
Current period changes in fair value, net of tax23.3 13.3 (32.7)
Reclassification to earnings, net of tax(5.3)(9.6)(4.9)
Balance, ending$6.9 $(11.1)$(14.8)