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Restructuring and Asset Impairment Charges
 6 Months Ended
Dec. 31, 2016
Restructuring and Related Activities [Abstract]  
Restructuring and Asset Impairment Charges
Restructuring and Asset Impairment Charges

During fiscal year 2016, the Company approved restructuring actions consisting of an early retirement incentive to be funded by the Company's qualified pension plan and other severance related costs paid by the Company. In addition, as a result of the prolonged weakness in oil and gas drilling and exploration activities, the Company recorded non-cash asset impairment charges. At this time, the Company does not expect any additional charges related to these restructuring actions in the future.

Activity and reserve balances for restructuring charges were as follows:

($ in millions)
 
 
Reserve balance at June 30, 2015
 
$
2.3

Restructuring and asset impairment charges
 
18.0

Payments from qualified pension plan associated with restructuring charges
 
(9.4
)
Cash payments
 
(3.0
)
Non-cash asset impairment charges and other
 
(7.6
)
Reserve balance at June 30, 2016
 
0.3

Cash payments
 
(0.3
)
Reserve balance at December 31, 2016
 
$
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