Reclassifications out of Accumulated Other Comprehensive Income (AOCI)

6 Months Ended

Dec. 31, 2022

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

Changes in AOCI by component are as follows:


	Three Months Ended
	December 31, 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 September 30, 2022	$	(438.9)	$	(1,978.1)		$	(25.8)		$	(281.3)		$	(2,724.1)
Other comprehensive (loss)/income before reclassification adjustments	71.1		242.2			—			—			313.3
Tax effect	—		(51.2)			—			—			(51.2)
Reclassification adjustments to net earnings	—		11.5		(A)	1.1		(C)	1.5		(B)	14.1
Tax effect	—		(2.7)			(0.2)			(0.1)			(3.0)

Balance at December 31, 2022	$	(367.8)	$	(1,778.3)		$	(24.9)		$	(279.9)		$	(2,450.9)


	Three Months Ended
	December 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 September 30, 2021	$	(261.9)	$	289.8		$	(29.1)		$	(121.7)		$	(122.9)
Other comprehensive (loss)/income before reclassification adjustments	(16.4)		(247.6)			—			—			(264.0)
Tax effect	—		56.4			—			—			56.4
Reclassification adjustments to net earnings	—		(0.4)		(A)	1.1		(C)	1.9		(B)	2.6
Tax effect	—		0.1			(0.3)			(0.3)			(0.5)

Balance at December 31, 2021	$	(278.3)	$	98.3		$	(28.3)		$	(120.1)		$	(328.4)


	Six Months Ended
	December 31, 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	(13.6)		(592.9)			—			—			(606.5)
Tax effect	—		134.5			—			—			134.5
Reclassification adjustments to net earnings	—		13.0		(A)	2.2		(C)	3.6		(B)	18.8
Tax effect	—		(2.9)			(0.5)			(0.6)			(4.0)

Balance at December 31, 2022	$	(367.8)	$	(1,778.3)		$	(24.9)		$	(279.9)		$	(2,450.9)


	Six Months Ended
	December 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, 2021	$	(226.8)	$	390.9		$	(29.9)		$	(123.6)		$	10.6
Other comprehensive (loss)/income before reclassification adjustments	(51.5)		(377.9)			—			—			(429.4)
Tax effect	—		85.7			—			—			85.7
Reclassification adjustments to net earnings	—		(0.5)		(A)	2.2		(C)	4.0		(B)	5.7
Tax effect	—		0.1			(0.6)			(0.5)			(1.0)

Balance at December 31, 2021	$	(278.3)	$	98.3		$	(28.3)		$	(120.1)		$	(328.4)

(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).

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