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CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - USD ($) $ in Millions | Total | Common Stock | Capital in Excess of Par Value | Reinvested Earnings | Common Stock in Treasury | Accumulated Other Comprehensive (Loss) Income
--- | --- | --- | --- | --- | --- | ---
Balances, beginning of period at Jun. 30, 2016 | $ 1,104.9 | $ 276.3 | $ 273.5 | $ 1,308.9 | $ (343.9) | $ (409.9)
Increase (Decrease) in Stockholders' Equity |  |  |  |  |  |
Net income | 47.0 |  |  | 47.0 |  |
Pension and postretirement benefits gain (loss), net of tax | 45.3 |  |  |  |  | 45.3
Marketable securities gain, net of tax | 0.0 |  |  |  |  |
Net gain (loss) on derivative instruments, net of tax | 19.5 |  |  |  |  | 19.5
Foreign currency translation | 2.0 |  |  |  |  | 2.0
Cash Dividends: |  |  |  |  |  |
Common @ $0.72 per share | (34.1) |  |  | (34.1) |  |
Share-based compensation plans | 12.7 |  | 10.4 |  | 2.3 |
Stock options exercised | 2.2 | 0.4 | 1.8 |  |  |
Tax shortfall on share-based compensation | (0.9) |  | (0.9) |  |  |
Balances, end of period at Jun. 30, 2017 | $ 1,198.6 | $ 276.7 | 284.8 | 1,321.8 | $ (341.6) | (343.1)
Balances, beginning of period (in shares) at Jun. 30, 2016 | 46,600,125 | 55,254,569 |  |  | 8,654,444 |
Common Shares |  |  |  |  |  |
Stock options exercised (in shares) | 95,089 | 95,089 |  |  |  |
Share-based compensation plans (in shares) | 57,966 |  |  |  | 57,966 |
Balances, end of period (in shares) at Jun. 30, 2017 | 46,753,180 | 55,349,658 |  |  | 8,596,478 |
Increase (Decrease) in Stockholders' Equity |  |  |  |  |  |
Net income | $ 188.5 |  |  | 188.5 |  |
Pension and postretirement benefits gain (loss), net of tax | 78.6 |  |  |  |  | 78.6
Marketable securities gain, net of tax | 0.0 |  |  |  |  |
Net gain (loss) on derivative instruments, net of tax | 26.1 |  |  |  |  | 26.1
Foreign currency translation | (1.4) |  |  |  |  | (1.4)
Cash Dividends: |  |  |  |  |  |
Common @ $0.72 per share | (34.4) |  |  | (34.4) |  |
Share-based compensation plans | 17.0 |  | 14.2 |  | $ 2.8 |
Stock options exercised | 12.9 | $ 1.9 | 11.0 |  |  |
Balances, end of period at Jun. 30, 2018 | $ 1,485.9 | $ 278.6 | 310.0 | 1,475.9 | $ (338.8) | (239.8)
Common Shares |  |  |  |  |  |
Stock options exercised (in shares) | 362,571 | 362,571 |  |  |  |
Share-based compensation plans (in shares) | 75,993 |  |  |  | 75,993 |
Balances, end of period (in shares) at Jun. 30, 2018 | 47,191,744 | 55,712,229 |  |  | 8,520,485 |
Increase (Decrease) in Stockholders' Equity |  |  |  |  |  |
Net income | $ 167.0 |  |  | 167.0 |  |
Pension and postretirement benefits gain (loss), net of tax | (72.9) |  |  |  |  | (72.9)
Marketable securities gain, net of tax | 0.3 |  |  |  |  | 0.3
Net gain (loss) on derivative instruments, net of tax | (37.6) |  |  |  |  | (37.6)
Foreign currency translation | (0.8) |  |  |  |  | (0.8)
Cash Dividends: |  |  |  |  |  |
Common @ $0.72 per share | (38.6) |  |  | (38.6) |  |
Share-based compensation plans | 12.9 |  | 6.9 |  | $ 6.0 |
Stock options exercised | 3.9 | $ 0.4 | 3.5 |  |  |
Balances, end of period at Jun. 30, 2019 | $ 1,520.1 | $ 279.0 | $ 320.4 | $ 1,605.3 | $ (332.8) | $ (351.8)
Common Shares |  |  |  |  |  |
Stock options exercised (in shares) | 96,514 | 96,514 |  |  |  |
Share-based compensation plans (in shares) | 182,105 |  |  |  | 182,105 |
Balances, end of period (in shares) at Jun. 30, 2019 | 47,470,363 | 55,808,743 |  |  | 8,338,380 |

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