Reclassifications out of Accumulated Other Comprehensive Income (AOCI) (Tables)

9 Months Ended

Mar. 31, 2021

Reclassification out of Accumulated Other Comprehensive Income [Abstract]

Reclassification out of Accumulated Other Comprehensive Income

Changes in AOCI by component are as follows:

	Three Months Ended
	March 31, 2021
	Currency Translation Adjustment		Net Gains/Losses on Available-for-sale Securities			Cash Flow Hedging Activities			Pension Liability			Accumulated Other Comprehensive (Loss) /Income
Balance at December 31, 2020	$	(209.9)	$	621.0		$	(31.5)		$	(339.3)		$	40.3
Other comprehensive (loss)/income before reclassification adjustments	(27.5)		(352.5)			—			—			(380.0)
Tax effect	—		79.2			—			—			79.2
Reclassification adjustments to net earnings	—		0.4		(A)	1.1		(C)	2.8		(B)	4.3
Tax effect	—		(0.1)			(0.3)			(1.1)			(1.5)
Balance at March 31, 2021	$	(237.4)	$	348.0		$	(30.7)		$	(337.6)		$	(257.7)

	Three Months Ended
	March 31, 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 December 31, 2019	$	(283.8)	$	264.6		$	0.5	$	(212.5)		$	(231.2)
Other comprehensive (loss)/income before reclassification adjustments	(68.4)		139.3			(38.2)		—			32.7
Tax effect	—		(32.2)			9.5		—			(22.7)
Reclassification adjustments to net earnings	—		(2.5)		(A)	—		(15.0)		(B)	(17.5)
Tax effect	—		0.6			—		3.7			4.3
Balance at March 31, 2020	$	(352.2)	$	369.8		$	(28.2)	$	(223.8)		$	(234.4)

	Nine Months Ended
	March 31, 2021
	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	84.8		(421.2)			(3.3)			—			(339.7)
Tax effect	—		94.7			0.8			—			95.5
Reclassification adjustments to net earnings	—		(7.6)		(A)	2.7		(C)	7.8		(B)	2.9
Tax effect	—		1.7			(0.6)			(2.7)			(1.6)
Balance at March 31, 2021	$	(237.4)	$	348.0		$	(30.7)		$	(337.6)		$	(257.7)

	Nine Months Ended
	March 31, 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, 2019	$	(269.2)	$	224.6		$	—	$	(212.7)		$	(257.3)
Other comprehensive (loss)/income before reclassification adjustments	(83.0)		199.9			(37.4)		—			79.5
Tax effect	—		(45.4)			9.2		—			(36.2)
Reclassification adjustments to net earnings	—		(11.9)		(A)	—		(14.8)		(B)	(26.7)
Tax effect	—		2.6			—		3.7			6.3
Balance at March 31, 2020	$	(352.2)	$	369.8		$	(28.2)	$	(223.8)		$	(234.4)

(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)/expense (see Note 11). The three and nine months ended March 31, 2020, include $17.0 million of prior service credits which were recognized as a component of net pension expense as a result of the U.S. pension plan freeze.

(C) Reclassification adjustments out of AOCI are included in Interest expense on the Statements of Consolidated Earnings (see Note 10).