Reclassifications from Accumulated Other Comprehensive Loss

3 Months Ended

Sep. 30, 2024

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

Reclassifications from Accumulated Other Comprehensive Loss

Reclassifications from Accumulated Other Comprehensive Loss

The changes in AOCI by component, net of tax, for the three months ended September 30, 2024 and 2023 were as follows:

Three Months Ended September 30, 2024 ($ in millions) (a)	Cash flow hedging items		Pension and other postretirement benefit plan items		Foreign currency items		Total
Balances at June 30, 2024	$	(5.9)	$	(44.3)	$	(43.7)	$	(93.9)
Other comprehensive (loss) income before reclassifications	(0.8)		—		1.2		0.4
Amounts reclassified from AOCI (b)	1.4		1.0		—		2.4
Total other comprehensive income, net of tax	0.6		1.0		1.2		2.8
Balances at September 30, 2024	$	(5.3)	$	(43.3)	$	(42.5)	$	(91.1)

Three Months Ended September 30, 2023 ($ in millions) (a)	Cash flow hedging items		Pension and other postretirement benefit plan items		Foreign currency items		Total
Balances at June 30, 2023	$	(7.0)	$	(95.5)	$	(40.5)	$	(143.0)
Other comprehensive loss before reclassifications	(0.2)		—		(2.1)		(2.3)
Amounts reclassified from AOCI (b)	(1.0)		0.8		—		(0.2)
Total other comprehensive (loss) income, net of tax	(1.2)		0.8		(2.1)		(2.5)
Balances at September 30, 2023	$	(8.2)	$	(94.7)	$	(42.6)	$	(145.5)

(a)    All amounts are net of tax. Amounts in parentheses indicate debits.

(b)    See separate table below for further details.

The following is a summary of amounts reclassified from AOCI for the three months ended September 30, 2024 and 2023:

Details about AOCI Components	Location of (loss) gain	Amount Reclassified from AOCI Three Months Ended September 30,
($ in millions) (a)		2024		2023
Cash flow hedging items:
Commodity contracts	Cost of sales	$	(1.8)	$	1.4
Total before tax		(1.8)		1.4
Tax benefit (expense)		0.4		(0.4)
Net of tax		$	(1.4)	$	1.0

Details about AOCI Components	Location of (loss) gain	Amount Reclassified from AOCI Three Months Ended September 30,
($ in millions) (a)		2024		2023
Amortization of pension and other postretirement benefit plan items:
Net actuarial loss	(b)	$	(0.5)	$	(1.6)
Prior service (cost) benefit	(b)	(0.8)		0.5
Total before tax		(1.3)		(1.1)
Tax benefit		0.3		0.3
Net of tax		$	(1.0)	$	(0.8)

(a)    Amounts in parentheses indicate debits to income/loss.

(b)    These AOCI components are included in the computation of net periodic pension expense (income) (see Note 8. Pension and Other Postretirement Benefits for additional details).