XML 54 R40.htm IDEA: XBRL DOCUMENT
v3.24.1.u1

Reclassifications from Accumulated Other Comprehensive Loss (Tables) | 9 Months Ended
--- | ---
Mar. 31, 2024
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, 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.
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, 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).

X
- References No definition available. + Details
Name: | us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTaxAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of information about items reclassified out of accumulated other comprehensive income (loss). + References No definition available. + Details
Name: | us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of accumulated other comprehensive income (loss). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 14A -Publisher FASB -URI https://asc.fasb.org//1943274/2147482790/220-10-45-14A Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 830 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481674/830-30-50-1 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 830 -SubTopic 30 -Name Accounting Standards Codification -Section 45 -Paragraph 20 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481694/830-30-45-20 + Details
Name: | us-gaap_ScheduleOfAccumulatedOtherComprehensiveIncomeLossTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration