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Derivatives and Hedging Activities (Tables) | 9 Months Ended
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Mar. 31, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Schedule of fair value and location of outstanding derivative contracts recorded in consolidated balance sheets | The fair value and location of outstanding derivative contracts recorded in the accompanying consolidated balance sheets were as follows as of March 31, 2016 and June 30, 2015:
March 31, 2016 |  | Interest Rate Swaps |  | Foreign Currency Contracts |  | Commodity Contracts |  | Total Derivatives
($ in millions) |  |  |  |
Asset Derivatives: |  |  |  |  |  |  |  |  |  |  |  |
Derivatives designated as hedging instruments: |  |  |  |  |  |  |  |  |  |  |  |
Other current assets |  | $ | 0.5 |  |  | $ | 0.2 |  |  | $ | — |  |  | $ | 0.7 |
Other assets |  | 8.5 |  |  | — |  |  | — |  |  | 8.5 |
Total asset derivatives |  | $ | 9.0 |  |  | $ | 0.2 |  |  | $ | — |  |  | $ | 9.2 |
Liability Derivatives: |  |  |  |  |  |  |  |  |  |  |  |
Derivatives designated as hedging instruments: |  |  |  |  |  |  |  |  |  |  |  |
Accrued liabilities |  | $ | — |  |  | $ | 0.5 |  |  | $ | 42.7 |  |  | $ | 43.2 |
Other liabilities |  | — |  |  | — |  |  | 19.9 |  |  | 19.9 |
Total liability derivatives |  | $ | — |  |  | $ | 0.5 |  |  | $ | 62.6 |  |  | $ | 63.1 |
June 30, 2015 |  | Interest Rate Swaps |  | Foreign Currency Contracts |  | Commodity Contracts |  | Total Derivatives
($ in millions) |  |  |  |
Asset Derivatives: |  |  |  |  |  |  |  |  |  |  |  |
Derivatives designated as hedging instruments: |  |  |  |  |  |  |  |  |  |  |  |
Other current assets |  | $ | 1.5 |  |  | $ | 0.2 |  |  | $ | — |  |  | $ | 1.7 |
Other assets |  | 2.7 |  |  | — |  |  | — |  |  | 2.7 |
Total asset derivatives |  | $ | 4.2 |  |  | $ | 0.2 |  |  | $ | — |  |  | $ | 4.4 |
Liability Derivatives: |  |  |  |  |  |  |  |  |  |  |  |
Derivatives designated as hedging instruments: |  |  |  |  |  |  |  |  |  |  |  |
Accrued liabilities |  | $ | — |  |  | $ | — |  |  | $ | 32.7 |  |  | $ | 32.7 |
Other liabilities |  | — |  |  | — |  |  | 20.8 |  |  | 20.8 |
Total liability derivatives |  | $ | — |  |  | $ | — |  |  | $ | 53.5 |  |  | $ | 53.5 |
Summary of the (losses) gains related to cash flow hedges | The following is a summary of the (losses) gains related to cash flow hedges recognized during the three and nine months ended March 31, 2016 and 2015:
|  | Amount of (Loss) Gain Recognized in AOCI on Derivatives (Effective Portion)
|  | Three Months Ended March 31, |  | Nine Months Ended March 31,
($ in millions) |  | 2016 |  | 2015 |  | 2016 |  | 2015
Derivatives in Cash Flow Hedging Relationship: |  |  |  |  |  |  |  |  |  |  |  |
Commodity contracts |  | $ | (2.5 | ) |  | $ | (28.6 | ) |  | $ | (41.3 | ) |  | $ | (71.8 | )
Foreign exchange contracts |  | (0.2 | ) |  | 1.3 |  |  | 0.4 |  |  | 3.4 |
Total |  | $ | (2.7 | ) |  | $ | (27.3 | ) |  | $ | (40.9 | ) |  | $ | (68.4 | )
($ in millions) |  | Location of (Loss) Gain Reclassified from AOCI into Income |  | Amount of (Loss) Gain Reclassified from AOCI into Income (Effective Portion) |  | Amount of Gain (Loss) Reclassified from AOCI into Income (Ineffective Portion)
|  | Three Months Ended March 31, |  | Three Months Ended March 31,
|  | 2016 |  | 2015 |  | 2016 |  | 2015
Derivatives in Cash Flow Hedging Relationship: |  |  |  |  |  |  |  |
Commodity contracts |  | Cost of sales |  | $ | (12.0 | ) |  | $ | (6.9 | ) |  | $ | 0.5 |  |  | $ | (2.0 | )
Foreign exchange contracts |  | Net sales |  | 0.1 |  |  | 0.9 |  |  | — |  |  | — |
Forward interest rate swaps |  | Interest expense |  | 0.1 |  |  | 0.1 |  |  | — |  |  | — |
Total |  |  |  | $ | (11.8 | ) |  | $ | (5.9 | ) |  | $ | 0.5 |  |  | $ | (2.0 | )
($ in millions) |  | Location of (Loss) Gain Reclassified from AOCI into Income |  | Amount of (Loss) Gain Reclassified from AOCI into Income (Effective Portion) |  | Amount of Gain (Loss) Reclassified from AOCI into Income (Ineffective Portion)
|  | Nine Months Ended March 31, |  | Nine Months Ended March 31,
|  | 2016 |  | 2015 |  | 2016 |  | 2015
Derivatives in Cash Flow Hedging Relationship: |  |  |  |  |  |  |  |
Commodity contracts |  | Cost of sales |  | $ | (32.6 | ) |  | $ | (8.4 | ) |  | $ | 1.5 |  |  | $ | (2.2 | )
Foreign exchange contracts |  | Net sales |  | 0.2 |  |  | 1.9 |  |  | — |  |  | — |
Forward interest rate swaps |  | Interest expense |  | 0.3 |  |  | 0.3 |  |  | — |  |  | — |
Total |  |  |  | $ | (32.1 | ) |  | $ | (6.2 | ) |  | $ | 1.5 |  |  | $ | (2.2 | )

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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=64837297&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=64837297&loc=SL5624163-113959 + Details
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