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Reclassifications from Accumulated Other Comprehensive Loss | 9 Months Ended
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Mar. 31, 2024
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract] |
Reclassifications from Accumulated Other Comprehensive Loss | Reclassifications from Accumulated Other Comprehensive Loss The changes in AOCI by component, net of tax, for the three months ended March 31, 2024 and 2023 were as follows:
Three Months Ended March 31, 2024 ($ in millions) (a) |  | Cash flow hedging items |  | Pension and other postretirement benefit plan items |  |  |  | Foreign currency items |  | Total
Balances at December 31, 2023 |  | $ | (10.7) |  |  | $ | (93.9) |  |  |  |  | $ | (37.8) |  |  | $ | (142.4) |
Other comprehensive (loss) income before reclassifications |  | (0.9) |  |  | (13.2) |  |  |  |  | (2.2) |  |  | (16.3) |
Amounts reclassified from AOCI (b) |  | 3.2 |  |  | 40.2 |  |  |  |  | — |  |  | 43.4 |
Net other comprehensive income (loss) |  | 2.3 |  |  | 27.0 |  |  |  |  | (2.2) |  |  | 27.1 |
Balances at March 31, 2024 |  | $ | (8.4) |  |  | $ | (66.9) |  |  |  |  | $ | (40.0) |  |  | $ | (115.3) |
Three Months Ended March 31, 2023 ($ in millions) (a) |  | Cash flow hedging items |  | Pension and other postretirement benefit plan items |  |  |  | Foreign currency items |  | Total
Balances at December 31, 2022 |  | $ | 6.7 |  |  | $ | (130.8) |  |  |  |  | $ | (42.5) |  |  | $ | (166.6) |
Other comprehensive (loss) income before reclassifications |  | (10.1) |  |  | — |  |  |  |  | 2.3 |  |  | (7.8) |
Amounts reclassified from AOCI (b) |  | (0.8) |  |  | 1.1 |  |  |  |  | — |  |  | 0.3 |
Net other comprehensive (loss) income |  | (10.9) |  |  | 1.1 |  |  |  |  | 2.3 |  |  | (7.5) |
Balances at March 31, 2023 |  | $ | (4.2) |  |  | $ | (129.7) |  |  |  |  | $ | (40.2) |  |  | $ | (174.1) |
(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, 2024 and 2023 were as follows:
Nine Months Ended March 31, 2024 ($ in millions) (a) |  | Cash flow hedging items |  | Pension and other postretirement benefit plan items |  |  | Foreign currency items |  | Total
Balances at June 30, 2023 |  | $ | (7.0) |  |  | $ | (95.5) |  |  |  | $ | (40.5) |  |  | $ | (143.0) |
Other comprehensive (loss) income before reclassifications |  | (7.1) |  |  | (13.2) |  |  |  | 0.5 |  |  | (19.8) |
Amounts reclassified from AOCI (b) |  | 5.7 |  |  | 41.8 |  |  |  | — |  |  | 47.5 |
Net other comprehensive (loss) income |  | (1.4) |  |  | 28.6 |  |  |  | 0.5 |  |  | 27.7 |
Balances at March 31, 2024 |  | $ | (8.4) |  |  | $ | (66.9) |  |  |  | $ | (40.0) |  |  | $ | (115.3) |
Nine Months Ended March 31, 2023 ($ in millions) (a) |  | Cash flow hedging items |  | Pension and other postretirement benefit plan items |  |  |  | Foreign currency items |  | Total
Balances at June 30, 2022 |  | $ | 5.5 |  |  | $ | (132.9) |  |  |  |  | $ | (46.1) |  |  | $ | (173.5) |
Other comprehensive (loss) income before reclassifications |  | (3.0) |  |  | — |  |  |  |  | 5.9 |  |  | 2.9 |
Amounts reclassified from AOCI (b) |  | (6.7) |  |  | 3.2 |  |  |  |  | — |  |  | (3.5) |
Net other comprehensive (loss) income |  | (9.7) |  |  | 3.2 |  |  |  |  | 5.9 |  |  | (0.6) |
Balances at March 31, 2023 |  | $ | (4.2) |  |  | $ | (129.7) |  |  |  |  | $ | (40.2) |  |  | $ | (174.1) |
(a) All amounts are net of tax. Amounts in parentheses indicate debits. (b) See separate table below for further details. The following is a summary of amounts reclassified from AOCI for the three and nine months ended March 31, 2024 and 2023:
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) |  |  | 2024 |  | 2023 |  | 2024 |  | 2023
Cash flow hedging items: |  |  |  |  |  |  |  |  |  |
Commodity contracts |  | Cost of sales |  | $ | (4.2) |  |  | $ | 1.0 |  |  | $ | (7.4) |  |  | $ | 8.9 |
Total before tax |  |  |  | (4.2) |  |  | 1.0 |  |  | (7.4) |  |  | 8.9 |
Tax benefit (expense) |  |  |  | 1.0 |  |  | (0.2) |  |  | 1.7 |  |  | (2.2) |
Net of tax |  |  |  | $ | (3.2) |  |  | $ | 0.8 |  |  | $ | (5.7) |  |  | $ | 6.7 |
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) |  |  | 2024 |  | 2023 |  | 2024 |  | 2023
Amortization of pension and other postretirement benefit plan items: |  |  |  |  |  |  |  |  |  |
Net actuarial loss |  | (b) |  | $ | (1.3) |  |  | $ | (2.0) |  |  | $ | (4.3) |  |  | $ | (6.0) |
Prior service benefit |  | (b) |  | 0.5 |  |  | 0.5 |  |  | 1.3 |  |  | 1.5 |
Settlement charge |  | (b) |  | (51.9) |  |  | — |  |  | (51.9) |  |  | — |
Total before tax |  |  |  | (52.7) |  |  | (1.5) |  |  | (54.9) |  |  | (4.5) |
Tax benefit |  |  |  | 12.5 |  |  | 0.4 |  |  | 13.1 |  |  | 1.3 |
Net of tax |  |  |  | $ | (40.2) |  |  | $ | (1.1) |  |  | $ | (41.8) |  |  | $ | (3.2) |
(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 8. Pension and Other Postretirement Benefits for additional details).

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- Definition The entire disclosure for comprehensive income, which includes, but is not limited to, 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04(19)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483586/944-220-S99-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(21)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483621/220-10-S99-2 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 942 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04(23)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483589/942-220-S99-1 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//220/tableOfContent + Details
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