Reclassifications out of Accumulated Other Comprehensive Income (AOCI)

3 Months Ended

Sep. 30, 2020

Reclassifications out of Accumulated Other Comprehensive Income (“AOCI”)

Changes in AOCI by component are as follows:


	Three Months Ended
	September 30, 2020
	Currency Translation Adjustment		Net Gains/Losses on Available-for-sale Securities			Cash Flow Hedging Activities			Pension Liability			Accumulated Other Comprehensive (Loss) /Income
Balance at June 30, 2020	$	(322.2)	$	680.4		$	(30.3)		$	(342.7)		$	(14.8)
Other comprehensive (loss)/income before reclassification adjustments	50.4		(24.6)			(3.3)			—			22.5
Tax effect	—		5.5			0.8			—			6.3
Reclassification adjustments to net earnings	—		(0.3)		(A)	0.6		(C)	2.5		(B)	2.8
Tax effect	—		0.1			—			(1.0)			(0.9)

Balance at September 30, 2020	$	(271.8)	$	661.1		$	(32.2)		$	(341.2)		$	15.9


	Three Months Ended
	September 30, 2019
	Currency Translation Adjustment		Net Gains/Losses on Available-for-sale Securities			Pension Liability			Accumulated Other Comprehensive (Loss) /Income
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)

(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 income (see Note 11).