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Reclassifications out of Accumulated Other Comprehensive Income (AOCI)
3 Months Ended
Sep. 30, 2019
Reclassification out of Accumulated Other Comprehensive Income [Abstract]  
Reclassifications out of Accumulated Other Comprehensive Income (AOCI) Reclassifications out of Accumulated Other Comprehensive Income (“AOCI”)

Changes in AOCI by component are as follows:
 
Three Months Ended
 
September 30, 2019
 
Currency Translation Adjustment
 
Net Gains/Losses on Available-for-sale Securities
 
Pension Liability
 
Accumulated Other Comprehensive Loss
Balance at June 30, 2019
$
(269.2
)
 
$
224.6

 
$
(212.7
)
 
$
(257.3
)
Other comprehensive (loss)/income before reclassification adjustments
(48.9
)
 
96.1

 

 
47.2

Tax effect

 
(20.8
)
 

 
(20.8
)
Reclassification adjustments to
net earnings

 
(2.3
)
(A)
(1.7
)
(B)
(4.0
)
Tax effect

 
0.5

 
0.5

 
1.0

Balance at September 30, 2019
$
(318.1
)
 
$
298.1

 
$
(213.9
)
 
$
(233.9
)

 
Three Months Ended
 
September 30, 2018
 
Currency Translation Adjustment
 
Net Gains/Losses on Available-for-sale Securities
 
Pension Liability
 
Accumulated Other Comprehensive Loss
Balance at June 30, 2018
$
(227.0
)
 
$
(274.0
)
 
$
(178.8
)
 
$
(679.8
)
Other comprehensive loss before reclassification adjustments
(22.9
)
 
(50.4
)
 

 
(73.3
)
Tax effect

 
12.3

 

 
12.3

Reclassification adjustments to net earnings

 
0.9

(A)
0.2

(B)
1.1

Tax effect

 
(0.2
)
 
(0.2
)
 
(0.4
)
Balance at September 30, 2018
$
(249.9
)
 
$
(311.4
)
 
$
(178.8
)
 
$
(740.1
)


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

(B) Reclassification adjustments out of AOCI are included in net pension expense (see Note 11).