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

3 Months Ended

Sep. 30, 2023

Changes in AOCI by component are as follows:


	Three Months Ended
	September 30, 2023
	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, 2023	$	(340.8)	$	(1,705.6)		$	(23.3)		$	(236.1)		$	(2,305.8)
Other comprehensive (loss)/income before reclassification adjustments	(44.6)		(150.6)			—			—			(195.2)
Tax effect	—		30.1			—			—			30.1
Reclassification adjustments to net earnings	—		1.9		(A)	1.1		(C)	1.0		(B)	4.0
Tax effect	—		(0.4)			(0.3)			(0.2)			(0.9)

Balance at September 30, 2023	$	(385.4)	$	(1,824.6)		$	(22.5)		$	(235.3)		$	(2,467.8)


	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)

(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).