Derivatives and Hedging Activities (Tables)

6 Months Ended

Dec. 31, 2012

Derivatives and Hedging Activities

Schedule of fair value of outstanding derivative contracts recorded in balance sheets

December 31, 2012 ($ in millions)	Interest Rate Swaps		Foreign Currency Contracts		Commodity Contracts		Total Derivatives
Asset Derivatives:
Derivatives designated as hedging instruments:
Other current assets	$	(0.6)	$	0.2	$	0.1	$	(0.3)
Other assets	0.5		-		-		0.5
Total asset derivatives	$	(0.1)	$	0.2	$	0.1	$	0.2
Liability Derivatives:
Derivatives designated as hedging instruments:
Accrued liabilities	$	-	$	1.6	$	17.3	$	18.9
Other liabilities	-		-		27.7		27.7
Total liability derivatives	$	-	$	1.6	$	45.0	$	46.6

June 30, 2012 ($ in millions)	Interest Rate Swaps		Foreign Currency Contracts		Commodity Contracts		Total Derivatives
Asset Derivatives:
Derivatives designated as hedging instruments:
Other current assets	$	0.2	$	1.2	$	-	$	1.4
Other assets	1.2		-		-		1.2
Total asset derivatives	$	1.4	$	1.2	$	-	$	2.6
Liability Derivatives:
Derivatives designated as hedging instruments:
Accrued liabilities	$	-	$	1.5	$	25.0	$	26.5
Other liabilities	-		0.4		29.6		30.0
Total liability derivatives	$	-	$	1.9	$	54.6	$	56.5

Summary of the gains (losses) related to cash flow hedges

	Amount of Gain (Loss) Recognized in AOCI on Derivatives (Effective Portion)
	Three Months Ended				Six Months Ended
($ in millions)	December 31,				December 31,
Derivatives in Cash Flow Hedging Relationship:	2012		2011		2012		2011
Commodity contracts	$	(30.6)	$	13.4	$	(6.6)	$	(40.3)
Foreign exchange contracts	0.7		(1.2)		0.6		0.2
Forward interest rate swaps	0.8		-		(0.9)		-
Total	$	(29.1)	$	12.2	$	(6.9)	$	(40.1)

($ in millions)		Amount of (Loss) Gain Reclassified from AOCI into Income (Effective Portion)
Derivatives in Cash Flow Hedging	Location of (Loss) Gain Reclassified from AOCI into	Three Months Ended December 31,				Six Months Ended December 31,
Relationship:	Income (Effective Portion)	2012		2011		2012		2011
Commodity contracts	Cost of sales	$	(6.9)	$	(5.3)	$	(16.1)	$	(6.8)
Foreign exchange contracts	Net sales	(0.3)		0.4		(0.2)		0.4
Total		$	(7.2)	$	(4.9)	$	(16.3)	$	(6.4)

Schedule of changes in other accumulated comprehensive income associated with derivative hedging activities

	Three Months Ended				Six Months Ended
	December 31,				December 31,
($ in millions)	2012		2011		2012		2011
Balance, beginning	$	(13.1)	$	(29.9)	$	(32.8)	$	2.6
Current period changes in fair value, net of tax	(18.3)		3.5		(4.3)		(29.7)
Reclassification to earnings, net of tax	4.5		4.0		10.2		4.7
Balance, ending	$	(26.9)	$	(22.4)	$	(26.9)	$	(22.4)