XML 41 R30.htm IDEA: XBRL DOCUMENT v3.23.3

Derivative Instruments (Tables)

3 Months Ended

Sep. 30, 2023

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Outstanding Commodity Contracts

The Company had the following outstanding commodity contracts to hedge forecasted purchases:

September 30, 2023

June 30, 2023

Commodity

Volume

Volume

Aluminum

15,735 tons

14,325 tons

Schedule of Derivative Liabilities at Fair Value

The following table provides the location of derivative instruments in the unaudited condensed consolidated balance sheets:

($ in millions)						Balance Sheet Location						September 30, 2023						June 30, 2023
Assets
Derivatives in cash flow hedging relationships:
Commodity contracts						Other current assets						$	1					$	—
Forward exchange contracts						Other current assets						1						2
Derivatives not designated as hedging instruments:
Forward exchange contracts						Other current assets						1						1
Interest rate swaps						Other current assets						13						16
Total current derivative contracts												16						19
Total non-current derivative contracts												—						—
Total derivative asset contracts												$	16					$	19
Liabilities
Derivatives in cash flow hedging relationships:
Commodity contracts						Other current liabilities						$	1					$	2
Forward exchange contracts						Other current liabilities						3						3
Derivatives not designated as hedging instruments:
Forward exchange contracts						Other current liabilities						2						1
Total current derivative contracts												6						6
Derivatives in cash flow hedging relationships:
Forward exchange contracts						Other non-current liabilities						—						1
Derivatives in fair value hedging relationships:
Interest rate swaps						Other non-current liabilities						107						96
Total non-current derivative contracts												107						97
Total derivative liability contracts												$	113					$	103

Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss)

The following tables provide the effects of derivative instruments on AOCI and in the unaudited condensed consolidated statements of income:

						Location of Gain / (Loss) Reclassified from AOCI into Income						Gain / (Loss) Reclassified from AOCI into Income (Effective Portion)
												Three Months Ended September 30,
($ in millions)												2023						2022
Derivatives in cash flow hedging relationships
Commodity contracts						Cost of sales						$	(1)					$	2
Forward exchange contracts						Net sales						1						—
Treasury locks						Interest expense						(1)						(1)
Total												$	(1)					$	1

Schedule of Derivatives Not Designated as Hedging Instruments

						Location of Gain / (Loss) Recognized in the Unaudited Condensed Consolidated Statements of Income						Gain / (Loss) Recognized in Income for Derivatives Not Designated as Hedging Instruments
												Three Months Ended September 30,
($ in millions)												2023						2022
Derivatives not designated as hedging instruments
Forward exchange contracts						Other income/(expenses), net						$	2					$	(15)
Interest rate swaps						Other income/(expenses), net						(3)						—
Total												$	(1)					$	(15)

Schedule of Fair Value Hedging Instruments In Condensed Consolidated Statement of Income

						Location of Loss Recognized in the Unaudited Condensed Consolidated Statements of Income						Loss Recognized in Income for Derivatives in Fair Value Hedging Relationships
												Three Months Ended September 30,
($ in millions)												2023						2022
Derivatives in fair value hedging relationships
Interest rate swaps						Interest expense						$	(11)					$	(33)
Total												$	(11)					$	(33)

X

- Definition

[Table Text Block] for Outstanding Commodity Contracts [Table]

+ References

No definition available.

+ Details

Name:	amcr_OutstandingCommodityContractsTableTextBlock
Namespace Prefix:	amcr_
Data Type:	dtr-types1:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of gain (loss) on derivative and nonderivative instruments designated and qualifying as cash flow hedge recorded in accumulated other comprehensive income (AOCI) and reclassified into earnings.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4C
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480434/815-10-50-4C

+ Details

Name:	us-gaap_ScheduleOfCashFlowHedgesIncludedInAccumulatedOtherComprehensiveIncomeLossTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of derivative liabilities at fair value.

+ References

No definition available.

+ Details

Name:	us-gaap_ScheduleOfDerivativeLiabilitiesAtFairValueTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure for fair value hedging instruments of (a) the location and amount of gains and losses reported in the statement of financial performance and (b) the location and fair value amounts of the instruments reported in the statement of financial position.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4C
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480434/815-10-50-4C

+ Details

Name:	us-gaap_ScheduleOfFairValueHedgingInstrumentsStatementsOfFinancialPerformanceAndFinancialPositionLocationTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of derivative instrument not designated or qualifying as hedging instrument.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4C
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480434/815-10-50-4C

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 4CC
-SubTopic 10
-Topic 815
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480434/815-10-50-4CC

+ Details

Name:	us-gaap_ScheduleOfOtherDerivativesNotDesignatedAsHedgingInstrumentsStatementsOfFinancialPerformanceAndFinancialPositionLocationTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration