Reclassifications from Accumulated Other Comprehensive Loss

12 Months Ended

Jun. 30, 2024

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

Reclassifications from Accumulated Other Comprehensive Loss

Reclassifications from Accumulated Other Comprehensive Loss

The changes in AOCI by component, net of tax, for the years ended June 30, 2024 and 2023 were as follows:

($ in millions) (a)	Cash flow hedging items		Pension and other postretirement benefit plan items		Foreign currency items		Total
Balances at June 30, 2023	$	(7.0)	$	(95.5)	$	(40.5)	$	(143.0)
Other comprehensive (loss) income before reclassifications	(7.3)		8.8		(3.2)		(1.7)
Amounts reclassified from AOCI (b)	8.4		42.4		—		50.8
Net other comprehensive income (loss)	1.1		51.2		(3.2)		49.1
Balances at June 30, 2024	$	(5.9)	$	(44.3)	$	(43.7)	$	(93.9)

($ in millions) (a)	Cash flow hedging items		Pension and other postretirement benefit plan items		Foreign currency items		Total
Balances at June 30, 2022	$	5.5	$	(132.9)	$	(46.1)	$	(173.5)
Other comprehensive (loss) income before reclassifications	(6.7)		32.9		5.6		31.8
Amounts reclassified from AOCI (b)	(5.8)		4.5		—		(1.3)
Net other comprehensive (loss) income	(12.5)		37.4		5.6		30.5
Balances at June 30, 2023	$	(7.0)	$	(95.5)	$	(40.5)	$	(143.0)

(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 years ended June 30, 2024 and 2023:

		Amount Reclassified from AOCI
Details about AOCI Components		Years Ended June 30,
($ in millions) (a)	Location of (loss) gain	2024		2023
Cash flow hedging items:
Commodity contracts	Cost of sales	$	(11.0)	$	7.7
Total before tax		(11.0)		7.7
Tax benefit (expense)		2.6		(1.9)
Net of tax		$	(8.4)	$	5.8

		Amount Reclassified from AOCI
Details about AOCI Components		Years Ended June 30,
($ in millions) (a)	Location of (loss) gain	2024		2023
Amortization of pension and other postretirement benefit plan items:
Net actuarial loss		$	(5.5)	$	(7.7)
Prior service benefit		1.8		1.8
Settlement charge		(51.9)		—
Total before tax	(b)	(55.6)		(5.9)
Tax benefit	(b)	13.2		1.4
Net of tax	(b)	$	(42.4)	$	(4.5)

(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 11 for additional details).