Derivatives and Hedging Activities (Tables)

12 Months Ended

Jun. 30, 2014

Derivatives and Hedging Activities

Schedule of fair value and location of outstanding derivative contracts recorded in consolidated balance sheets

June 30, 2014 ($ in millions)	Foreign Currency Contracts		Commodity Contracts		Total Derivatives
Asset Derivatives:
Derivatives designated as hedging instruments:
Other current assets	$	—	$	11.3	$	11.3
Other assets	—		9.1		9.1
Total asset derivatives	$	—	$	20.4	$	20.4
Liability Derivatives:
Derivatives designated as hedging instruments:
Accrued liabilities	$	0.4	$	4.3	$	4.7
Other liabilities	0.2		6.0		6.2
Total liability derivatives	$	0.6	$	10.3	$	10.9

June 30, 2013 ($ in millions)	Foreign Currency Contracts		Commodity Contracts		Total Derivatives
Asset Derivatives:
Derivatives designated as hedging instruments:
Other current assets	$	0.9	$	—	$	0.9
Total asset derivatives	$	0.9	$	—	$	0.9
Liability Derivatives:
Derivatives designated as hedging instruments:
Accrued liabilities	$	0.4	$	28.7	$	29.1
Other liabilities	—		44.0		44.0
Total liability derivatives	$	0.4	$	72.7	$	73.1

Summary of the gains (losses) related to cash flow hedges

	Amount of Gain (Loss) Recognized in AOCI on Derivatives (Effective Portion)
	Years Ended June 30,
($ in millions)	2014			2013			2012
Derivatives in Cash Flow Hedging Relationship:
Commodity contracts	$	59.3		$	(43.2	)	$	(79.0	)
Foreign exchange contracts	(1.6		)	1.9			(0.1		)
Forward interest rate swaps	—			2.7			—
Total	$	57.7		$	(38.6	)	$	(79.1	)

	Location of (Loss) Gain	Amount of (Loss) Gain Reclassified from AOCI into Income (Effective Portion)
	Reclassified from AOCI into	Years Ended June 30,
($ in millions)	Income (Effective Portion)	2014			2013			2012
Derivatives in Cash Flow Hedging Relationship:
Commodity contracts	Cost of sales	$	(20.5	)	$	(24.9	)	$	(23.4	)
Foreign exchange contracts	Net sales	(0.8		)	0.1			1.2
Forward interest rate swaps	Interest expense	0.4			0.2			—
Total		$	(20.9	)	$	(24.6	)	$	(22.2	)

	Location of Loss Reclassified	Amount of Loss Reclassified from AOCI into Income (Ineffective Portion)
	from AOCI into Income	Years Ended June 30,
($ in millions)	(Ineffective Portion)	2014			2013		2012
Derivatives in Cash Flow Hedging Relationship:
Commodity contracts	Cost of sales	$	(0.3	)	$	—	$	—
Foreign exchange contracts	Net sales	—			—		—
Forward interest rate swaps	Interest expense	—			—		—
Total		$	(0.3	)	$	—	$	—

Schedule of changes in AOCI associated with derivative hedging activities

	2014			2013			2012
Balance at July 1	$	(41.5	)	$	(32.8	)	$	2.6
Current period changes in fair value, net of tax	36.0			(24.2		)	(49.1		)
Reclassification to earnings, net of tax	13.1			15.5			13.7
Balance at June 30	$	7.6		$	(41.5	)	$	(32.8	)