Derivatives and Hedging Activities (Tables)

3 Months Ended

Sep. 30, 2014

Derivatives and Hedging Activities

Schedule of fair value and location of outstanding derivative contracts recorded in consolidated balance sheets

September 30, 2014 ($ in millions)	Interest Rate Swaps		Foreign Currency Contracts		Commodity Contracts		Total Derivatives
Asset Derivatives:
Derivatives designated as hedging instruments:
Other current assets	$	0.4	$	1.3	$	1.9	$	3.6
Other assets	—		—		2.5		2.5
Total asset derivatives	$	0.4	$	1.3	$	4.4	$	6.1
Liability Derivatives:
Derivatives designated as hedging instruments:
Accrued liabilities	$	—	$	0.1	$	12.9	$	13.0
Other liabilities	0.2		—		11.9		12.1
Total liability derivatives	$	0.2	$	0.1	$	24.8	$	25.1

June 30, 2014 ($ in millions)	Interest Rate Swaps		Foreign Currency Contracts		Commodity Contracts		Total Derivatives
Asset Derivatives:
Derivatives designated as hedging instruments:
Other current assets	$	—	$	—	$	11.3	$	11.3
Other assets	—		—		9.1		9.1
Total asset derivatives	$	—	$	—	$	20.4	$	20.4
Liability Derivatives:
Derivatives designated as hedging instruments:
Accrued liabilities	$	—	$	0.4	$	4.3	$	4.7
Other liabilities	—		0.2		6.0		6.2
Total liability derivatives	$	—	$	0.6	$	10.3	$	10.9

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

	Amount of (Loss) Gain Recognized in AOCI on Derivatives (Effective Portion)
	Three Months Ended
	September 30,
($ in millions)	2014			2013
Derivatives in Cash Flow Hedging Relationship:
Commodity contracts	$	(28.3	)	$	(1.4	)
Foreign exchange contracts	1.5			(0.5		)
Total	$	(26.8	)	$	(1.9	)

		Amount of Gain (Loss) Reclassified from AOCI into Income (Effective Portion)					Amount of Gain Reclassified from AOCI into Income (Ineffective Portion)
($ in millions)	Location of Gain (Loss)	Three Months Ended					Three Months Ended
Derivatives in Cash Flow	Reclassified from AOCI into	September 30,					September 30,
Hedging Relationship:	Income	2014		2013			2014		2013
Commodity contracts	Cost of sales	$	2.0	$	(7.7	)	$	0.4	$	—
Foreign exchange contracts	Net sales	0.3		(0.1		)	—		—
Forward interest rate swaps	Interest expense	0.1		0.1			—		—
Total		$	2.4	$	(7.7	)	$	0.4	$	—

Schedule of changes in AOCI associated with derivative hedging activities

	Three Months Ended
	September 30,
($ in millions)	2014			2013
Balance, beginning	$	7.6		$	(41.5	)
Current period changes in fair value, net of tax	(16.7		)	(1.2		)
Reclassification to earnings, net of tax	(1.5		)	4.8
Balance, ending	$	(10.6	)	$	(37.9	)