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Fair Value Measurements (Tables) | 9 Months Ended
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Mar. 31, 2020
Fair Value Disclosures [Abstract] |
Schedule of Carrying Value and Estimated Fair Value of Long-term Debt | The carrying values and estimated fair values of long-term debt with fixed interest rates (excluding capital leases) were as follows:
|  | March 31, 2020 |  |  |  | June 30, 2019 |  |
|  | Carrying Value |  | Fair Value |  | Carrying Value |  | Fair Value
($ in millions) |  |  |  | (Level 2) |  |  |  | (Level 2)
Total long-term debt with fixed interest rates (excluding commercial paper and capital leases) |  |  | $ | 2,539.4 |  |  | $ | 2,640.6 |  |  | $ | 2,955.6 |  |  | $ | 3,041.3 |
Schedule of Fair Value of Instruments Measured on Recurring Basis | The following table summarizes the fair value of these instruments, which are measured at fair value on a recurring basis, by level, within the fair value hierarchy:
|  | March 31, 2020 |  |  |  |  |  |
($ in millions) |  | Level 1 |  | Level 2 |  | Level 3 |  | Total
Assets |  |  |  |  |  |  |  |
Commodity contracts |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Forward exchange contracts |  | — |  |  | 12.2 |  |  | — |  |  | 12.2 |
Interest rate swaps |  | — |  |  | 35.0 |  |  | — |  |  | 35.0 |
Cross currency interest rate swaps |  | — |  |  | 1.5 |  |  | — |  |  | 1.5 |
Total assets measured at fair value |  | $ | — |  |  | $ | 48.7 |  |  | $ | — |  |  | $ | 48.7 |
Liabilities |  |  |  |  |  |  |  |
Contingent purchase consideration liabilities |  | $ | — |  |  | $ | — |  |  | $ | 14.4 |  |  | $ | 14.4 |
Commodity contracts |  | — |  |  | 9.4 |  |  | — |  |  | 9.4 |
Forward exchange contracts |  | — |  |  | 22.6 |  |  | — |  |  | 22.6 |
Treasury locks |  | — |  |  | 19.0 |  |  | — |  |  | 19.0 |
Total liabilities measured at fair value |  | $ | — |  |  | $ | 51.0 |  |  | $ | 14.4 |  |  | $ | 65.4 |
|  | June 30, 2019 |  |  |  |  |  |
($ in millions) |  | Level 1 |  | Level 2 |  | Level 3 |  | Total
Assets |  |  |  |  |  |  |  |
Commodity contracts |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Forward exchange contracts |  | — |  |  | 5.5 |  |  | — |  |  | 5.5 |
Interest rate swaps |  | — |  |  | 32.8 |  |  | — |  |  | 32.8 |
Total assets measured at fair value |  | $ | — |  |  | $ | 38.3 |  |  | $ | — |  |  | $ | 38.3 |
Liabilities |  |  |  |  |  |  |  |
Contingent purchase consideration liabilities |  | $ | — |  |  | $ | — |  |  | $ | 13.6 |  |  | $ | 13.6 |
Commodity contracts |  | — |  |  | 4.6 |  |  | — |  |  | 4.6 |
Forward exchange contracts |  | — |  |  | 9.3 |  |  | — |  |  | 9.3 |
Interest rate swaps |  | — |  |  | — |  |  | — |  |  | — |
Total liabilities measured at fair value |  | $ | — |  |  | $ | 13.9 |  |  | $ | 13.6 |  |  | $ | 27.5 |

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- Definition Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=118260190&loc=d3e13467-108611 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 + Details
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- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 + Details
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