Fair Value Measurements (Tables)

9 Months Ended

Mar. 31, 2014

Schedule of fair value of assets and liabilities measured on a recurring basis

March 31, 2014	Fair Value Measurements Using Input Type
($ in millions)	Level 2
Assets:
Marketable securities
Municipal auction rate securities	$	5.5
Derivative financial instruments	4.1
Total assets	$	9.6

Liabilities:
Derivative financial instruments	$	34.4

June 30, 2013	Fair Value Measurements Using Input Type
($ in millions)	Level 2
Assets:
Marketable securities
Municipal auction rate securities	$	5.4
Derivative financial instruments	0.9
Total assets	$	6.3

Liabilities:
Derivative financial instruments	$	73.1

Schedule of carrying amounts and estimated fair values of financial instruments not recorded at fair value in the financial statements

	March 31, 2014				June 30, 2013
	Carrying		Fair		Carrying		Fair
($ in millions)	Value		Value		Value		Value
Long-term debt, including current portion	$	604.3	$	626.6	$	604.2	$	602.8
Company-owned life insurance	$	15.3	$	15.3	$	13.6	$	13.6

- Definition

Tabular disclosure of financial instruments measured at fair value, including those classified in shareholders' equity measured on a recurring or nonrecurring basis. Disclosures include, but are not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2. Nonrecurring fair value measurements are those that are required or permitted in the statement of financial position in particular circumstances.

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- Definition

Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities.

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