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Equity and Accumulated Other Comprehensive Income (Loss) (Tables)
 12 Months Ended
Jun. 30, 2017
Equity [Abstract]  
Accumulated other comprehensive earnings/(loss)
Accumulated other comprehensive income/(loss) by component and changes for the fiscal years June 30, 2017, June 30, 2016 and June 30, 2015 consists of:
(Dollars in millions)
Foreign  Currency Translation Adjustments
 
Available for Sale Investment Adjustments
 
Deferred Compensation
 
Pension Liability Adjustments
 
Other Comprehensive Income/(Loss)
Balance at June 30, 2014
$
14.0

 
$
—

 
$
3.2

 
$
(41.4
)
 
$
(24.2
)
Activity, net of tax
(144.0
)
 
—

 
0.6

 
(6.4
)
 
(149.8
)
Balance at June 30, 2015
(130.0
)
 
—

 
3.8

 
(47.8
)
 
(174.0
)
Activity, net of tax
(118.8
)
 
—

 
(3.8
)
 
(9.1
)
 
(131.7
)
Balance at June 30, 2016
(248.8
)
 
—

 
—

 
(56.9
)
 
(305.7
)
Activity, net of tax
(31.9
)
 
10.5

 
—

 
13.0

 
(8.4
)
Balance at June 30, 2017
$
(280.7
)
 
$
10.5

 
$
—

 
$
(43.9
)
 
$
(314.1
)
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 fiscal years ended June 30, 2017, June 30, 2016 and June 30, 2015 consists of:
 
Year Ended June 30,
 
2017
 
2016
 
2015
Foreign currency translation adjustments:
 
 
 
 
 
Net investment hedge
$
(21.3
)
 
$
1.8

 
$
30.0

Long term inter-company loans
(14.3
)
 
(65.0
)
 
(9.0
)
Translation adjustments
(3.8
)
 
(54.9
)
 
(152.7
)
Total foreign currency translation adjustments, pretax
(39.4
)
 
(118.1
)
 
(131.7
)
   Tax expense / (benefit) (1)
(7.5
)
 
0.7

 
12.3

Total foreign currency translation adjustments, net of tax
$
(31.9
)
 
$
(118.8
)
 
$
(144.0
)
 
 
 
 
 
 
Net change in minimum pension liability
 
 
 
 
 
Net gain/(loss) arising during the year
$
13.9

 
$
(16.4
)
 
$
(12.3
)
Net (gain)/loss recognized during the year
4.3

 
3.4

 
3.1

Foreign Exchange Translation and Other
0.5

 
(0.2
)
 
0.6

Total minimum pension liability, pretax
18.7

 
(13.2
)
 
(8.6
)
Tax expense / (benefit)
5.7

 
(4.1
)
 
(2.2
)
Net change in minimum pension liability, net of tax
$
13.0

 
$
(9.1
)
 
$
(6.4
)
 
 
 
 
 
 
Net change in available for sale investment:
 
 
 
 
 
Net gain/(loss) arising during the year
$
16.2

 
$
—

 
$
—

Net (gain)/loss recognized during the year
—

 
—

 
—

Foreign Exchange Translation and Other
—

 
—

 
—

Total available for sale investment, pretax
16.2

 
—

 
—

Tax expense / (benefit)
5.7

 
—

 
—

Net change in available for sale investment, net of tax
$
10.5

 
$
—

 
$
—



(1)
Tax related to foreign currency translation adjustments relates to the net investment hedge activity.