Equity and Accumulated Other Comprehensive Income (Loss) (Tables)

9 Months Ended

Mar. 31, 2020

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

Schedule of Comprehensive Income (Loss)

Accumulated Other 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, 2020 and 2019 are presented below.

	Three Months Ended   March 31,				Nine Months Ended   March 31,
(Dollars in millions)	2020		2019		2020		2019
Foreign currency translation adjustments:
Net investment hedge	$	3.7	$	5.9	$	17.5	$	17.3
Long-term intercompany loans	(26.9)		17.1		(15.3)		3.0
Translation adjustments	(20.5)		0.9		(42.5)		(20.9)
Total foreign currency translation adjustment, pretax	(43.7)		23.9		(40.3)		(0.6)
Tax expense/(benefit)	(0.6)		2.4		2.5		4.3
Total foreign currency translation adjustment, net of tax	$	(43.1)	$	21.5	$	(42.8)	$	(4.9)
Net change in minimum pension liability
Net loss recognized during the period	$	1.2	$	0.6	$	4.1	$	1.9
Total pension liability, pretax	1.2		0.6		4.1		1.9
Tax expense/(benefit)	1.1		0.2		1.0		0.5
Net change in minimum pension liability, net of tax	$	0.1	$	0.4	$	3.1	$	1.4

Schedule of Accumulated Other Comprehensive Income (Loss)

For the three months ended March 31, 2020, the changes in accumulated other comprehensive income/(loss), net of tax by component are as follows:

(Dollars in millions)	Foreign Exchange Translation Adjustments		Pension and Liability Adjustments		Other		Total
Balance at December 31, 2019	$	(303.4)	$	(46.1)	$	(1.1)	$	(350.6)
Other comprehensive income before reclassifications	(43.1)		—		—		(43.1)
Amounts reclassified from accumulated other comprehensive income	—		0.1		—		0.1
Net current period other comprehensive income	(43.1)		0.1		—		(43.0)
Balance at March 31, 2020	$	(346.5)	$	(46.0)	$	(1.1)	$	(393.6)

For the nine months ended March 31, 2020, the changes in accumulated other comprehensive income/(loss), net of tax by component are as follows:

(Dollars in millions)	Foreign Exchange Translation Adjustments		Pension and Liability Adjustments		Other		Total
Balance at June 30, 2019	$	(303.7)	$	(49.1)	$	(1.1)	$	(353.9)
Other comprehensive income before reclassifications	(42.8)		—		—		(42.8)
Amounts reclassified from accumulated other comprehensive income	—		3.1		—		3.1
Net current period other comprehensive income	(42.8)		3.1		—		(39.7)
Balance at March 31, 2020	$	(346.5)	$	(46.0)	$	(1.1)	$	(393.6)