Derivatives and Hedging Activities (Tables)

12 Months Ended

Jun. 30, 2013

Derivatives and Hedging Activities

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

June 30, 2013 ($ in millions)	Interest Rate Swaps		Foreign Currency Contracts		Commodity Contracts		Total Derivatives
Asset Derivatives:
Derivatives designated as hedging instruments:
Other current assets	$	—	$	0.9	$	—	$	0.9
Other assets	—		—		—		—
Total asset derivatives	$	—	$	0.9	$	—	$	0.9
Liability Derivatives:
Derivatives designated as hedging instruments:
Accrued liabilities	$	—	$	0.4	$	28.7	$	29.1
Other liabilities	—		—		44.0		44.0
Total liability derivatives	$	—	$	0.4	$	72.7	$	73.1

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 (losses) gains related to cash flow hedges

	Amount of (Loss) Gain Recognized in AOCI on Derivatives (Effective Portion)
	Years Ended June 30,
($ in millions)	2013			2012			2011
Derivatives in Cash Flow Hedging Relationship:
Commodity contracts	$	(43.2	)	$	(79.0	)	$	15.2
Foreign exchange contracts	1.9			(0.1		)	(2.4		)
Forward interest rate swaps	2.7			—			1.0
Total	$	(38.6	)	$	(79.1	)	$	13.8

	Location of (Loss) Gain	Amount of (Loss) Gain Reclassified from AOCI into Income (Effective Portion)
	Reclassified from AOCI into	Years Ended June 30,
($ in millions)	Income (Effective Portion)	2013			2012			2011
Derivatives in Cash Flow Hedging Relationship:
Commodity contracts	Cost of sales	$	(24.9	)	$	(23.4	)	$	7.6
Forward interest rate swaps	Interest expense	0.2			—			—
Foreign exchange contracts	Net sales	0.1			1.2			(1.2		)
Total		$	(24.6	)	$	(22.2	)	$	6.4

Schedule of changes in AOCI associated with derivative hedging activities

	2013			2012			2011
Balance at July 1	$	(32.8	)	$	2.6		$	(2.4	)
Current period changes in fair value, net of tax	(24.2		)	(49.1		)	8.5
Reclassification to earnings, net of tax	15.5			13.7			(3.5		)
Balance at June 30	$	(41.5	)	$	(32.8	)	$	2.6