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Derivatives and Hedging Activities (Tables) | 12 Months Ended
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Jun. 30, 2014
Derivatives and Hedging Activities |
Schedule of fair value and location of outstanding derivative contracts recorded in consolidated balance sheets |
June 30, 2014 ($ in millions) |  | Foreign Currency Contracts |  | Commodity Contracts |  | Total Derivatives |
Asset Derivatives: |  |  |  |  |  |  |
Derivatives designated as hedging instruments: |  |  |  |  |  |  |
Other current assets |  | $ | — |  | $ | 11.3 |  | $ | 11.3 |
Other assets |  | — |  | 9.1 |  | 9.1 |
Total asset derivatives |  | $ | — |  | $ | 20.4 |  | $ | 20.4 |
Liability Derivatives: |  |  |  |  |  |  |
Derivatives designated as hedging instruments: |  |  |  |  |  |  |
Accrued liabilities |  | $ | 0.4 |  | $ | 4.3 |  | $ | 4.7 |
Other liabilities |  | 0.2 |  | 6.0 |  | 6.2 |
Total liability derivatives |  | $ | 0.6 |  | $ | 10.3 |  | $ | 10.9 |
June 30, 2013 ($ in millions) |  | Foreign Currency Contracts |  | Commodity Contracts |  | Total Derivatives |
Asset Derivatives: |  |  |  |  |  |  |
Derivatives designated as hedging instruments: |  |  |  |  |  |  |
Other current assets |  | $ | 0.9 |  | $ | — |  | $ | 0.9 |
Total asset derivatives |  | $ | 0.9 |  | $ | — |  | $ | 0.9 |
Liability Derivatives: |  |  |  |  |  |  |
Derivatives designated as hedging instruments: |  |  |  |  |  |  |
Accrued liabilities |  | $ | 0.4 |  | $ | 28.7 |  | $ | 29.1 |
Other liabilities |  | — |  | 44.0 |  | 44.0 |
Total liability derivatives |  | $ | 0.4 |  | $ | 72.7 |  | $ | 73.1 |
Summary of the gains (losses) related to cash flow hedges |
|  | Amount of Gain (Loss) Recognized in AOCI on Derivatives (Effective Portion) |
|  | Years Ended June 30, |
($ in millions) |  | 2014 |  | 2013 |  | 2012 |
Derivatives in Cash Flow Hedging Relationship: |  |  |  |  |  |  |  |  |  |
Commodity contracts |  | $ | 59.3 |  | $ | (43.2 | ) | $ | (79.0 | )
Foreign exchange contracts |  | (1.6 | ) | 1.9 |  | (0.1 | )
Forward interest rate swaps |  | — |  | 2.7 |  | — |
Total |  | $ | 57.7 |  | $ | (38.6 | ) | $ | (79.1 | )
|  | Location of (Loss) Gain |  | Amount of (Loss) Gain Reclassified from AOCI into Income (Effective Portion) |
|  | Reclassified from AOCI into |  | Years Ended June 30, |
($ in millions) |  | Income (Effective Portion) |  | 2014 |  | 2013 |  | 2012 |
Derivatives in Cash Flow Hedging Relationship: |  |  |  |  |  |  |  |  |  |  |  |
Commodity contracts |  | Cost of sales |  | $ | (20.5 | ) | $ | (24.9 | ) | $ | (23.4 | )
Foreign exchange contracts |  | Net sales |  | (0.8 | ) | 0.1 |  | 1.2 |
Forward interest rate swaps |  | Interest expense |  | 0.4 |  | 0.2 |  | — |
Total |  |  |  | $ | (20.9 | ) | $ | (24.6 | ) | $ | (22.2 | )
|  | Location of Loss Reclassified |  | Amount of Loss Reclassified from AOCI into Income (Ineffective Portion) |
|  | from AOCI into Income |  | Years Ended June 30, |
($ in millions) |  | (Ineffective Portion) |  | 2014 |  | 2013 |  | 2012 |
Derivatives in Cash Flow Hedging Relationship: |  |  |  |  |  |  |  |  |  |  |  |
Commodity contracts |  | Cost of sales |  | $ | (0.3 | ) | $ | — |  | $ | — |
Foreign exchange contracts |  | Net sales |  | — |  | — |  | — |
Forward interest rate swaps |  | Interest expense |  | — |  | — |  | — |
Total |  |  |  | $ | (0.3 | ) | $ | — |  | $ | — |
Schedule of changes in AOCI associated with derivative hedging activities |
|  | 2014 |  | 2013 |  | 2012 |
Balance at July 1 |  | $ | (41.5 | ) | $ | (32.8 | ) | $ | 2.6 |
Current period changes in fair value, net of tax |  | 36.0 |  | (24.2 | ) | (49.1 | )
Reclassification to earnings, net of tax |  | 13.1 |  | 15.5 |  | 13.7 |
Balance at June 30 |  | $ | 7.6 |  | $ | (41.5 | ) | $ | (32.8 | )

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- Definition Tabular disclosure of the effective portion of gains and losses on derivative instruments (and nonderivative instruments) designated and qualifying in cash flow hedges recorded in accumulated other comprehensive income (loss) during the term of the hedging relationship and reclassified into earnings during the current period. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=7476318&loc=SL5624171-113959 + Details
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- Definition Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -URI http://asc.fasb.org/extlink&oid=7476318&loc=SL5624163-113959 + Details
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