Reclassifications from Accumulated Other Comprehensive Income (AOCI)

3 Months Ended

Sep. 30, 2014

Reclassifications from Accumulated Other Comprehensive Income (AOCI)

Reclassifications from Accumulated Other Comprehensive Income (AOCI)

16.Reclassifications from Accumulated Other Comprehensive Income (AOCI)

The changes in AOCI by component, net of tax, for the three months ended September 30, 2014 and 2013 were as follows:

($ in millions) (a)	Cash flow hedging items			Pension and other postretirement benefit plan items			Unrealized losses on available-for- sale securities			Foreign currency items			Total
Balance at June 30, 2014	$	7.6		$	(236.7	)	$	(0.4	)	$	(15.7	)	$	(245.2	)
Other comprehensive loss before reclassifications	(16.7		)	—			—			(7.9		)	(24.6		)
Amounts reclassified from AOCI (b)	(1.5		)	3.0			—			—			1.5
Net current-period other comprehensive (loss) income	(18.2		)	3.0			—			(7.9		)	(23.1		)
Balance at September 30, 2014	$	(10.6	)	$	(233.7	)	$	(0.4	)	$	(23.6	)	$	(268.3	)

($ in millions) (a)	Cash flow hedging items			Pension and other postretirement benefit plan items			Unrealized losses on available-for- sale securities			Foreign currency items			Total
Balance at June 30, 2013	$	(41.5	)	$	(273.6	)	$	(0.4	)	$	(20.2	)	$	(335.7	)
Other comprehensive (loss) income before reclassifications	(1.2		)	—			(0.1		)	3.5			2.2
Amounts reclassified from AOCI (b)	4.8			3.6			—			—			8.4
Net current-period other comprehensive income (loss)	3.6			3.6			(0.1		)	3.5			10.6
Balance at September 30, 2013	$	(37.9	)	$	(270.0	)	$	(0.5	)	$	(16.7	)	$	(325.1	)

(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 months ended September 30, 2014 and 2013:

		Amount Reclassified from AOCI
($ in millions) (a)	Location of	Three Months Ended September 30,
Details about AOCI Components	gain (loss)	2014			2013
Cash flow hedging items:
Commodity contracts	Cost of sales	$	2.0		$	(7.7	)
Foreign exchange contracts	Net sales	0.3			(0.1		)
Forward interest rate swaps	Interest expense	0.1			0.1
	Total before tax	2.4			(7.7		)
	Tax (expense) benefit	(0.9		)	2.9
	Net of tax	$	1.5		$	(4.8	)
Amortization of pension and other postretirement benefit plan items
Net actuarial loss	(b)	$	(4.7	)	$	(5.8	)
Prior service cost	(b)	(0.1		)	(0.1		)
	Total before tax	(4.8		)	(5.9		)
	Tax benefit	1.8			2.3
	Net of tax	$	(3.0	)	$	(3.6	)

(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 6 for additional details).