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Income Taxes (Tables)
 12 Months Ended
Jun. 30, 2017
Income Tax Disclosure [Abstract]  
Earnings/(loss) from continuing operations before income taxes and discontinued operations
Earnings/(loss) from continuing operations before income taxes are as follows for the fiscal years ended 2017, 2016, and 2015:
 
Fiscal Year Ended  
 June 30,
(Dollars in millions)
2017
 
2016
 
2015
U.S. Operations
$
5.0

 
$
60.0

 
$
25.8

Non-U.S. Operations
$
130.6

 
$
84.9

 
$
86.7

 
$
135.6

 
$
144.9

 
$
112.5
Provision/ (benefit) for income taxes

The provision /(benefit) for income taxes consists of the following for the fiscal years ended 2017, 2016, and 2015: 
 
Fiscal Year Ended  
 June 30,
(Dollars in millions)
2017
 
2016
 
2015
Current:
 
 
 
 
 
Federal
$
2.1

 
$
(0.6
)
 
$
—

State and local
(0.4
)
 
(0.2
)
 
(0.8
)
Non-U.S.
22.7

 
26.3

 
31.9

Total
$
24.4

 
$
25.5

 
$
31.1

Deferred:
 
 
 
 
 
Federal
$
1.9

 
$
19.6

 
$
(125.3
)
State and local
1.4

 
(4.8
)
 
(1.1
)
Non-U.S.
(1.9
)
 
(6.6
)
 
(2.4
)
Total
1.4

 
8.2

 
(128.8
)
 
 
 
 
 
 
Total provision/(benefit)
$
25.8

 
$
33.7

 
$
(97.7
)
Reconciliation of the provision/(benefit) based on the federal statutory income tax rate
A reconciliation of the provision/(benefit) based on the federal statutory income tax rate to the Company’s effective income tax rate is as follows for the fiscal years ended 2017, 2016, and 2015:  
 
Fiscal Year Ended  
 June 30,
(Dollars in millions)
2017
 
2016
 
2015
Provision at U.S. federal statutory tax rate
$
47.4

 
$
50.7

 
$
39.4

State and local income taxes
(1.5
)
 
(3.0
)
 
(2.4
)
Foreign tax rate differential
(25.7
)
 
(21.7
)
 
(23.9
)
Permanent items
2.9

 
(2.3
)
 
1.7

Unrecognized tax positions
(0.3
)
 
5.6

 
14.7

Tax valuation allowance
3.1

 
7.2

 
(133.2
)
Withholding tax and other foreign taxes
(0.2
)
 
0.6

 
1.4

Change in tax rate
2.0

 
(3.2
)
 
1.3

Foreign currency impact on permanently reinvested loans
—

 
—

 
2.7

R&D Tax Credit
(1.2
)
 
(1.4
)
 
(1.3
)
Other
(0.7
)
 
1.2

 
1.9

 
$
25.8

 
$
33.7

 
$
(97.7
)
Components of the deferred income tax assets and liabilities
Deferred income taxes arise from temporary differences between financial reporting and tax reporting bases of assets and liabilities, and operating loss and tax credit carryforwards for tax purposes. The components of the deferred income tax assets and liabilities are as follows at June 30, 2017 and 2016:
 
 
Fiscal Year Ended  
 June 30,
(Dollars in millions)
2017
 
2016
Deferred income tax assets:
 
 
 

Accrued liabilities
$
27.4

 
$
21.6

Equity compensation
16.4

 
10.7

Loss and tax credit carryforwards
141.0

 
155.0

Foreign currency
11.5

 
18.8

Pension
39.4

 
45.9

Property-related
9.4

 
9.3

Intangibles
26.3

 
8.0

Other
25.7

 
17.1

Euro Denominated Debt
22.8

 
—

Total deferred income tax assets
319.9

 
286.4

Valuation allowance
(78.8
)
 
(69.9
)
Net deferred income tax assets
$
241.1

 
$
216.5

 
 
 
 
 
 
 
 
 
Fiscal Year Ended  
 June 30,
(Dollars in millions)
2017
 
2016
Deferred income tax liabilities:
 
 
 
Accrued liabilities
(0.8
)
 
(0.6
)
Foreign currency
(1.3
)
 
(0.9
)
Property-related
(57.6
)
 
(48.1
)
Goodwill and other intangibles
(151.1
)
 
(142.2
)
Other
(8.1
)
 
(1.0
)
Euro Denominated Debt
—

 
(27.6
)
Total deferred income tax liabilities
$
(218.9
)
 
(220.4
)
 
 
 
 
Net deferred tax asset/(liability)
$
22.2

 
$
(3.9
)
Deferred tax assets and liabilities
Deferred tax assets and liabilities in the preceding table are in the following captions in the balance sheet at June 30, 2017 and 2016:
 
Fiscal Year Ended  
 June 30,
(Dollars in millions)
2017
 
2016
Non-current deferred tax asset
53.9

 
37.5

Non-current deferred tax liability
31.7

 
41.4

Net deferred tax asset/(liability)
$
22.2

 
$
(3.9
)
Reconciliation of Unrecognized tax benefit, excluding accrued interest
A reconciliation of unrecognized tax benefits, excluding accrued interest, for June 30, 2017, June 30, 2016 and June 30, 2015 is as follows:
(Dollars in millions)
Balance at June 30, 2014
$
60.6

Additions based on tax positions related to the current year
7.3

Additions for tax positions of prior years
5.5

Reductions for tax positions of prior years
(5.4
)
Settlements
(0.5
)
Lapse of the applicable statute of limitations
(0.6
)
Balance at June 30, 2015
$
66.9

Additions based on tax positions related to the current year
6.2

Additions for tax positions of prior years
—

Reductions for tax positions of prior years
(11.0
)
Settlements
—

Lapse of the applicable statute of limitations
(0.6
)
Balance at June 30, 2016
$
61.5

Additions based on tax positions related to the current year
3.3

Additions for tax positions of prior years
0.1

Reductions for tax positions of prior years
(6.8
)
Settlements
(5.4
)
Lapse of the applicable statute of limitations
(0.2
)
Balance at June 30, 2017
$
52.5