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Reclassification out of Accumulated Other Comprehensive Income (Tables)
 12 Months Ended
Jun. 30, 2019
Reclassification out of Accumulated Other Comprehensive Income [Abstract]  
Reclassification out of Accumulated Other Comprehensive Income
Changes in Accumulated Other Comprehensive (Loss)/Income (“AOCI”) by component are as follows:

 
 
Currency Translation Adjustment
 
Net Gains on Available-for-sale Securities
 
 
Pension Liability
 
 
Accumulated Other Comprehensive (Loss) / Income
 
 
 
 
 
 
 
 
 
 
 
Balance at June 30, 2016
 
$
(253.8
)
 
$
333.8

 
 
$
(295.1
)
 
 
$
(215.1
)
Other comprehensive income/(loss) before
reclassification adjustments
 
19.0

 
(405.7
)
 
 
109.6

 
 
(277.1
)
Tax effect
 
—

 
141.6

 
 
(43.6
)
 
 
98.0

Reclassification adjustments to
net earnings
 
—


(2.2
)
(A)
 
20.6

(B)
 
18.4

Tax effect
 
—

 
0.8

 
 
(8.2
)
 
 
(7.4
)
Balance at June 30, 2017
 
$
(234.8
)
 
$
68.3

 
 
$
(216.7
)
 
 
$
(383.2
)
Other comprehensive income/(loss) before
reclassification adjustments
 
7.8

 
(460.7
)
 
 
87.0

 
 
(365.9
)
Tax effect
 
—

 
123.4

 
 
(18.7
)
 
 
104.7

Reclassification adjustments to net earnings
 
—

 
2.7

(A)
 
9.3

(B)
 
12.0

Tax effect
 
—

 
(0.6
)
 
 
(4.5
)
 
 
(5.1
)
Reclassification to retained earnings (C)
 
—

 
(7.1
)
(C)
 
(35.2
)
(C)
 
(42.3
)
Balance at June 30, 2018
 
$
(227.0
)
 
$
(274.0
)
 
 
$
(178.8
)
 
 
$
(679.8
)
Other comprehensive (loss)/income before
     reclassification adjustments
 
(42.2
)
 
642.4

 
 
(84.7
)
 
 
515.5

Tax effect
 
—

 
(144.4
)
 
 
20.0

 
 
(124.4
)
Reclassification adjustments to
    net earnings
 
—


0.9

(A)
 
40.3

(B)
 
41.2

Tax effect
 
—

 
(0.3
)
 
 
(9.5
)
 
 
(9.8
)
Balance at June 30, 2019
 
$
(269.2
)
 
$
224.6

 
 
$
(212.7
)
 
 
$
(257.3
)


(A) Reclassification adjustments out of AOCI are included within Other (income)/expense, net, on the Statements of Consolidated Earnings.

(B) Reclassification adjustments out of AOCI are included in net pension expense (see Note 12).

(C) During fiscal 2018, the Company adopted ASU 2018-02 and reclassified stranded tax effects attributable to the Act from AOCI to retained earnings. The fiscal 2018 Consolidated Balance Sheets reflect the reclassification out of accumulated other comprehensive (loss)/income into retained earnings (see Note 1).