Reclassification out of Accumulated Other Comprehensive Income "AOCI" (Tables)

12 Months Ended

Jun. 30, 2021

Reclassification out of Accumulated Other Comprehensive Income [Abstract]

Reclassification out of Accumulated Other Comprehensive Income

Changes in Accumulated Other Comprehensive Income (“AOCI”) by component are as follows:

	Currency Translation Adjustment		Net Gains on Available-for-sale Securities			Cash Flow Hedging Activities			Pension Liability			Accumulated Other Comprehensive (Loss) /Income
Balance at June 30, 2018	$	(227.0)	$	(274.0)		$	—		$	(178.8)		$	(679.8)
Other comprehensive income/(loss) 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)
Other comprehensive income/(loss) before reclassification adjustments	(53.0)		602.2			(40.3)			(160.8)			348.1
Tax effect	—		(136.4)			10.0			39.5			(86.9)
Reclassification adjustments to net earnings	—		(12.9)		(A)	—			(11.8)		(B)	(24.7)
Tax effect	—		2.9			—			3.1			6.0
Balance at June 30, 2020	$	(322.2)	$	680.4		$	(30.3)		$	(342.7)		$	(14.8)
Other comprehensive income/(loss) before reclassification adjustments	95.4		(363.3)			(3.3)			281.5			10.3
Tax effect	—		82.6			0.8			(69.0)			14.4
Reclassification adjustments to net earnings	—		(11.3)		(A)	3.8		(C)	9.3		(B)	1.8
Tax effect	—		2.5			(0.9)			(2.7)			(1.1)
Balance at June 30, 2021	$	(226.8)	$	390.9		$	(29.9)		$	(123.6)		$	10.6

(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 10). In fiscal 2020, reclassification includes $17.0 million of prior service credits which were recognized as a component of net pension (income)/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 9).