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Reclassifications from Accumulated Other Comprehensive Income (Loss) (AOCI) (Tables) | 9 Months Ended
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Mar. 31, 2021
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract] |
Schedule of changes in AOCI by component, net of tax | The changes in AOCI by component, net of tax, for the three months ended March 31, 2021 and 2020 were as follows:
Three Months Ended March 31, 2021 ($ in millions) (a) |  | Cash flow hedging items |  | Pension and other postretirement benefit plan items |  |  |  | Foreign currency items |  | Total
Balances at December 31, 2020 |  | $ | 2.1 |  |  | $ | (327.1) |  |  |  |  | $ | (38.1) |  |  | $ | (363.1) |
Other comprehensive gain (loss) before reclassifications |  | 2.8 |  |  | 86.4 |  |  |  |  | (3.7) |  |  | 85.5 |
Amounts reclassified from AOCI (b) |  | (1.1) |  |  | 11.7 |  |  |  |  | — |  |  | 10.6 |
Net other comprehensive income (loss) |  | 1.7 |  |  | 98.1 |  |  |  |  | (3.7) |  |  | 96.1 |
Balances at March 31, 2021 |  | $ | 3.8 |  |  | $ | (229.0) |  |  |  |  | $ | (41.8) |  |  | $ | (267.0) |
Three Months Ended March 31, 2020 ($ in millions) (a) |  | Cash flow hedging items |  | Pension and other postretirement benefit plan items |  |  |  | Foreign currency items |  | Total
Balances at December 31, 2019 |  | $ | (7.2) |  |  | $ | (287.3) |  |  |  |  | $ | (41.8) |  |  | $ | (336.3) |
Other comprehensive loss before reclassifications |  | (7.1) |  |  | — |  |  |  |  | (13.2) |  |  | (20.3) |
Amounts reclassified from AOCI (b) |  | (1.8) |  |  | 3.1 |  |  |  |  | — |  |  | 1.3 |
Net other comprehensive (loss) income |  | (8.9) |  |  | 3.1 |  |  |  |  | (13.2) |  |  | (19.0) |
Balances at March 31, 2020 |  | $ | (16.1) |  |  | $ | (284.2) |  |  |  |  | $ | (55.0) |  |  | $ | (355.3) |
(a) All amounts are net of tax. Amounts in parentheses indicate debits. (b) See separate table below for further details. The changes in AOCI by component, net of tax, for the nine months ended March 31, 2021 and 2020 were as follows:
Nine Months Ended March 31, 2021 ($ in millions) (a) |  | Cash flow hedging items |  | Pension and other postretirement benefit plan items |  |  |  | Foreign currency items |  | Total
Balances at June 30, 2020 |  | $ | (11.1) |  |  | $ | (334.3) |  |  |  |  | $ | (52.6) |  |  | $ | (398.0) |
Other comprehensive gain before reclassifications |  | 20.1 |  |  | 86.4 |  |  |  |  | 10.8 |  |  | 117.3 |
Amounts reclassified from AOCI (b) |  | (5.2) |  |  | 18.9 |  |  |  |  | — |  |  | 13.7 |
Net other comprehensive income |  | 14.9 |  |  | 105.3 |  |  |  |  | 10.8 |  |  | 131.0 |
Balances at March 31, 2021 |  | $ | 3.8 |  |  | $ | (229.0) |  |  |  |  | $ | (41.8) |  |  | $ | (267.0) |
Nine Months Ended March 31, 2020 ($ in millions) (a) |  | Cash flow hedging items |  | Pension and other postretirement benefit plan items |  |  |  | Foreign currency items |  | Total
Balances at June 30, 2019 |  | $ | (14.8) |  |  | $ | (293.3) |  |  |  |  | $ | (43.7) |  |  | $ | (351.8) |
Other comprehensive income (loss) before reclassifications |  | 6.8 |  |  | — |  |  |  |  | (11.3) |  |  | (4.5) |
Amounts reclassified from AOCI (b) |  | (8.1) |  |  | 9.1 |  |  |  |  | — |  |  | 1.0 |
Net other comprehensive (loss) income |  | (1.3) |  |  | 9.1 |  |  |  |  | (11.3) |  |  | (3.5) |
Balances at March 31, 2020 |  | $ | (16.1) |  |  | $ | (284.2) |  |  |  |  | $ | (55.0) |  |  | $ | (355.3) |
(a) All amounts are net of tax. Amounts in parentheses indicate debits. (b) See separate table below for further details.
Schedule of amounts reclassified from AOCI | The following is a summary of amounts reclassified from AOCI for the three and nine months ended March 31, 2021 and 2020:
Details about AOCI Components |  | Location of gain |  | Amount Reclassified from AOCI Three Months Ended March 31, |  | Amount Reclassified from AOCI Nine Months Ended March 31, |  |
($ in millions) (a) |  |  | 2021 |  | 2020 |  | 2021 |  | 2020 |  |  |  |
Cash flow hedging items: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commodity contracts |  | Cost of sales |  | $ | 1.4 |  |  | $ | 2.2 |  |  | $ | 6.6 |  |  | $ | 9.7 |  |  |  |  |
Foreign exchange contracts |  | Net sales |  | — |  |  | 0.1 |  |  | — |  |  | 0.7 |  |  |  |  |
Forward interest rate swaps |  | Interest expense |  | 0.1 |  |  | 0.1 |  |  | 0.3 |  |  | 0.3 |  |  |  |  |
Total before tax |  |  |  | 1.5 |  |  | 2.4 |  |  | 6.9 |  |  | 10.7 |  |  |  |  |
Tax expense |  |  |  | (0.4) |  |  | (0.6) |  |  | (1.7) |  |  | (2.6) |  |  |  |  |
Net of tax |  |  |  | $ | 1.1 |  |  | $ | 1.8 |  |  | $ | 5.2 |  |  | $ | 8.1 |  |  |  |  |
Details about AOCI Components |  | Location of (loss) gain |  | Amount Reclassified from AOCI Three Months Ended March 31, |  | Amount Reclassified from AOCI Nine Months Ended March 31, |  |
($ in millions) (a) |  |  | 2021 |  | 2020 |  | 2021 |  | 2020 |  |  |  |
Amortization of pension and other postretirement benefit plan items: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net actuarial loss |  | (b) |  | $ | (4.7) |  |  | $ | (4.5) |  |  | $ | (15.1) |  |  | $ | (13.5) |  |  |  |  |
Prior service benefit |  | (b) |  | 0.5 |  |  | 0.5 |  |  | 1.6 |  |  | 1.3 |  |  |  |  |
Settlement charge |  | (b) |  | (8.9) |  |  | — |  |  | (8.9) |  |  | — |  |  |  |  |
Total before tax |  |  |  | (13.1) |  |  | (4.0) |  |  | (22.4) |  |  | (12.2) |  |  |  |  |
Tax benefit |  |  |  | 1.4 |  |  | 0.9 |  |  | 3.5 |  |  | 3.1 |  |  |  |  |
Net of tax |  |  |  | $ | (11.7) |  |  | $ | (3.1) |  |  | $ | (18.9) |  |  | $ | (9.1) |  |  |  |  |
(a) Amounts in parentheses indicate debits to income/loss. (b) These AOCI components are included in the computation of net periodic benefit cost (see Note 10. Pension and Other Postretirement Benefits for additional details).

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