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

12 Months Ended

Jun. 30, 2022

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/(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 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
Other comprehensive income/(loss) before reclassification adjustments	(127.4)		(2,228.0)			—			(229.8)			(2,585.2)
Tax effect	—		503.7			—			57.3			561.0
Reclassification adjustments to net earnings	—		4.4		(A)	4.4		(C)	18.1		(B)	26.9
Tax effect	—		(1.0)			(1.1)			(4.9)			(7.0)
Balance at June 30, 2022	$	(354.2)	$	(1,330.0)		$	(26.6)		$	(282.9)		$	(1,993.7)

(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).