XML 57 R33.htm IDEA: XBRL DOCUMENT v3.20.1
Fair Value Measurements (Tables)
 9 Months Ended
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, 2020June 30, 2019
 Carrying ValueFair ValueCarrying ValueFair 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 1Level 2Level 3Total
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 1Level 2Level 3Total
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