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Earnings Per Share Computations | 9 Months Ended
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Mar. 31, 2020
Earnings Per Share [Abstract] |
Earnings Per Share Computations | Earnings Per Share Computations The Company applies the two-class method when computing its earnings per share ("EPS"), which requires that net income per share for each class of share be calculated assuming all of the Company's net income is distributed as dividends to each class of share based on their contractual rights. Basic EPS is computed by dividing net income available to ordinary shareholders by the weighted-average number of ordinary shares outstanding after excluding the ordinary shares to be repurchased using forward contracts. Diluted EPS includes the effects of share options, restricted shares, performance rights, performance shares and share rights, if dilutive.
|  | Three Months Ended March 31, |  |  |  | Nine Months Ended March 31, |  |  |  |  |  |
(in millions, except per share amounts) |  | 2020 |  | 2019 |  | 2020 |  | 2019 |  |  |  |
Numerator |  |  |  |  |  |  |  |  |  |  |  |
Net income attributable to Amcor plc |  | $ | 181.5 |  |  | $ | 112.6 |  |  | $ | 433.1 |  |  | $ | 349.6 |  |  |  |  |
Distributed and undistributed earnings attributable to shares to be repurchased |  | (0.1) |  |  | (0.2) |  |  | (0.3) |  |  | (0.8) |  |  |  |  |
Net income available to ordinary shareholders of Amcor plc—basic and diluted |  | $ | 181.4 |  |  | $ | 112.4 |  |  | $ | 432.8 |  |  | $ | 348.8 |  |  |  |  |
Net income available to ordinary shareholders of Amcor plc from continuing operations—basic and diluted |  | $ | 181.4 |  |  | $ | 112.4 |  |  | $ | 440.5 |  |  | $ | 348.8 |  |  |  |  |
Net income available to ordinary shareholders of Amcor plc from discontinued operations—basic and diluted |  | $ | — |  |  | $ | — |  |  | $ | (7.7) |  |  | $ | — |  |  |  |  |
Denominator |  |  |  |  |  |  |  |  |  |  |  |
Weighted-average ordinary shares outstanding |  | 1,594.7 |  |  | 1,157.1 |  |  | 1,610.7 |  |  | 1,156.7 |  |  |  |  |
Weighted-average ordinary shares to be repurchased by Amcor plc |  | (1.0) |  |  | (2.5) |  |  | (1.0) |  |  | (2.5) |  |  |  |  |
Weighted-average ordinary shares outstanding for EPS—basic |  | 1,593.7 |  |  | 1,154.6 |  |  | 1,609.7 |  |  | 1,154.2 |  |  |  |  |
Effect of dilutive shares |  | 1.0 |  |  | 3.1 |  |  | 1.5 |  |  | 3.4 |  |  |  |  |
Weighted-average ordinary shares outstanding for EPS—diluted |  | 1,594.7 |  |  | 1,157.7 |  |  | 1,611.2 |  |  | 1,157.6 |  |  |  |  |
Per ordinary share income |  |  |  |  |  |  |  |  |  |  |  |
Income from continuing operations |  | $ | 0.114 |  |  | $ | 0.097 |  |  | $ | 0.274 |  |  | $ | 0.302 |  |  |  |  |
Income from discontinued operations |  | — |  |  | — |  |  | (0.005) |  |  | — |  |  |  |  |
Basic earnings per ordinary share |  | $ | 0.114 |  |  | $ | 0.097 |  |  | $ | 0.269 |  |  | $ | 0.302 |  |  |  |  |
Income from continuing operations |  | $ | 0.114 |  |  | $ | 0.097 |  |  | $ | 0.273 |  |  | $ | 0.301 |  |  |  |  |
Income from discontinued operations |  | — |  |  | — |  |  | (0.005) |  |  | — |  |  |  |  |
Diluted earnings per ordinary share |  | $ | 0.114 |  |  | $ | 0.097 |  |  | $ | 0.269 |  |  | $ | 0.301 |  |  |  |  |
Note: Per share amounts are computed independently for each of the quarters presented. The sum of the quarters may not equal the total year amount due to the impact of changes in average quarterly shares outstanding and all other quarterly amounts may not equal the total year due to rounding. Certain outstanding share options were excluded from the diluted earnings per share calculation because they were anti-dilutive. The excluded share options for the three and nine months ended March 31, 2020 represented an aggregate of 53.6 million and 31.4 million shares, respectively. The excluded share options for the three and nine months ended March 31, 2019 represented an aggregate of 7.2 million and 7.4 million shares, respectively.

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI http://asc.fasb.org/topic&trid=2144383 + Details
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