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Accumulated Other Comprehensive Income (Loss) (Tables)
 9 Months Ended
Mar. 31, 2017
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Schedule of Comprehensive Income (Loss)
The components of the changes in the cumulative translation adjustment, minimum pension liability and available for sale investment for the three and nine months ended March 31, 2017 and March 31, 2016 are presented below.
 
Three Months Ended  
 March 31,
 
Nine Months Ended  
 March 31,
(Dollars in millions)
2017
 
2016
 
2017
 
2016
Foreign currency translation adjustments:
 
 
 
 
 
 
 
Net investment hedge
$
(13.9
)
 
$
(4.1
)
 
$
(3.9
)
 
$
(1.6
)
Long-term intercompany loans
3.0

 
(18.3
)
 
(17.9
)
 
(38.1
)
Translation adjustments
30.6

 
5.0

 
(18.6
)
 
(43.2
)
Total foreign currency translation adjustment, pretax
19.7

 
(17.4
)
 
(40.4
)
 
(82.9
)
Tax expense/(benefit)
(4.9
)
 
(1.5
)
 
(1.2
)
 
(0.6
)
Total foreign currency translation adjustment, net of tax
$
24.6

 
$
(15.9
)
 
$
(39.2
)
 
$
(82.3
)
 
 
 
 
 
 
 
 
Net change in minimum pension liability
 
 
 
 
 
 
 
Net gain/(loss) recognized during the period
1.1

 
0.8

 
3.2

 
2.2

Total pension, pretax
1.1

 
0.8

 
3.2

 
2.2

Tax expense/(benefit)
0.3

 
0.2

 
0.9

 
0.6

Net change in minimum pension liability, net of tax
$
0.8

 
$
0.6

 
$
2.3

 
$
1.6

 
 
 
 
 
 
 
 
Net change in available for sale investment:
 
 
 
 
 
 
 
Net gain/(loss) recognized during the period
0.8

 
—

 
25.3

 
—

Total available for sale investment, pretax
0.8

 
—

 
25.3

 
—

Tax expense/(benefit)
(0.2
)
 
—

 
9.0

 
—

Net change in available for sale investment, net of tax
$
1.0

 
$
—

 
$
16.3

 
$
—

 
 
 
 
 
 
 
 
Schedule of Accumulated Other Comprehensive Income (Loss)
For the three months ended March 31, 2017, the changes in accumulated other comprehensive income, net of tax by component are as follows:
(Dollars in millions)
Foreign Exchange Translation Adjustments
 
Pension and Other Post-Retirement Adjustments
 
Available for Sale investment Adjustments
 
Total
Balance at December 31,2016
$
(312.6
)
 
$
(55.4
)
 
$
15.3

 
$
(352.7
)
Other comprehensive income/(loss) before reclassifications
24.6

 
—

 
1.0

 
25.6

Amounts reclassified from accumulated other comprehensive income
—

 
0.8

 
—

 
0.8

Net current period other comprehensive income (loss)
24.6

 
0.8

 
1.0

 
26.4

Balance at March 31, 2017
$
(288.0
)
 
$
(54.6
)
 
$
16.3

 
$
(326.3
)

For the nine months ended March 31, 2017, the changes in accumulated other comprehensive income, net of tax by component are as follows:
(Dollars in millions)
Foreign Exchange Translation Adjustments
 
Pension and Other Post-Retirement Adjustments
 
Available for Sale investment Adjustments
 
Total
Balance at June 30, 2016
$
(248.8
)
 
$
(56.9
)
 
$
—

 
$
(305.7
)
Other comprehensive income/(loss) before reclassifications
(39.2
)
 
—

 
16.3

 
(22.9
)
Amounts reclassified from accumulated other comprehensive income
—

 
2.3

 
—

 
2.3

Net current period other comprehensive income (loss)
(39.2
)
 
2.3

 
16.3

 
(20.6
)
Balance at March 31, 2017
$
(288.0
)
 
$
(54.6
)
 
$
16.3

 
$
(326.3
)


The Company held an investment in a specialty pharmaceutical company, which was treated as a cost method investment prior to the second quarter of fiscal 2017. In the second quarter of fiscal 2017, the specialty pharmaceutical company became publicly traded after an initial public offering and as a result the Company recognized an unrealized gain on the investment of $15.3 million, net of tax. This amount is reflected in accumulated other comprehensive income.