Reclassifications out of Accumulated Other Comprehensive Income (AOCI)

3 Months Ended

Sep. 30, 2022

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

Changes in AOCI by component are as follows:


	Three Months Ended
	September 30, 2022
	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, 2022	$	(354.2)	$	(1,330.0)		$	(26.6)		$	(282.9)		$	(1,993.7)
Other comprehensive (loss)/income before reclassification adjustments	(84.7)		(835.1)			—			—			(919.8)
Tax effect	—		185.8			—			—			185.8
Reclassification adjustments to net earnings	—		1.5		(A)	1.1		(C)	2.1		(B)	4.7
Tax effect	—		(0.3)			(0.3)			(0.5)			(1.1)

Balance at September 30, 2022	$	(438.9)	$	(1,978.1)		$	(25.8)		$	(281.3)		$	(2,724.1)


	Three Months Ended
	September 30, 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, 2021	$	(226.8)	$	390.9		$	(29.9)		$	(123.6)		$	10.6
Other comprehensive (loss)/income before reclassification adjustments	(35.1)		(130.3)			—			—			(165.4)
Tax effect	—		29.3			—			—			29.3
Reclassification adjustments to net earnings	—		(0.1)		(A)	1.1		(C)	2.2		(B)	3.2
Tax effect	—		—			(0.3)			(0.3)			(0.6)

Balance at September 30, 2021	$	(261.9)	$	289.8		$	(29.1)		$	(121.7)		$	(122.9)

(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)/expense (see Note 11).

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