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Accumulated Other Comprehensive Income (Loss)
 12 Months Ended
Jun. 30, 2017
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Accumulated Other Comprehensive Income (Loss)
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)
The following table reflects the activity for the components of accumulated other comprehensive income (loss), net of tax, for the Fiscal Years ended 2017, 2016 and 2015:
(dollars in millions)
 
Foreign Currency
 
Unrealized Gain/Loss on Derivatives
 
Total
Balance at June 30, 2014
 
$
(2.1
)
 
$
4.2

 
$
2.1

Other comprehensive income before reclassifications
 
(94.1
)
 
(14.3
)
 
(108.4
)
Loss reclassified from accumulated other comprehensive income (loss)
 
—

 
10.4

 
10.4

Net current-period other comprehensive income
 
$
(94.1
)
 
$
(3.9
)
 
$
(98.0
)
Balance at June 30, 2015
 
$
(96.2
)
 
$
0.3

 
$
(95.9
)
Other comprehensive loss before reclassifications
 
(34.3
)
 
(10.6
)
 
(44.9
)
Gain reclassified from accumulated other comprehensive income (loss)
 
—

 
4.8

 
4.8

Net current-period other comprehensive loss
 
$
(34.3
)
 
$
(5.8
)
 
$
(40.1
)
Balance at June 30, 2016
 
$
(130.5
)
 
$
(5.5
)
 
$
(136.0
)
Other comprehensive loss before reclassifications
 
7.2

 
15.2

 
22.4

Loss reclassified from accumulated other comprehensive income (loss)
 
—

 
(6.6
)
 
(6.6
)
Net current-period other comprehensive loss
 
$
7.2

 
$
8.6

 
$
15.8

Balance at June 30, 2017
 
$
(123.3
)
 
$
3.1

 
$
(120.2
)

The change in our translation adjustment was due primarily to the movements in the Euro (EUR), Indian Rupee (INR), Taiwan Dollar (TWD), South African Rand (ZAR) Great British Pound (GBP) and Japanese Yen (JPY) exchange rates against the United States Dollar (USD). For Fiscal Year 2017, the USD weakened by 2.9%, 4.8%, 6.3%and 15.8% as compared to the EUR, INR, TWD and ZAR, respectively; and the USD appreciated by 8.7% and 3.2% against JPY and GBP during the same period. The movement in the EUR, INR, TWD and ZAR represents $5.0 million, $4.5 million, $2.3 million and $1.7 million, respectively, out of the $7.2 million foreign currency translation adjustment during Fiscal Year 2017. The overall change in our translation adjustment was partially offset by the movement in JPY and GBP, representing $2.1 million and $1.4 million, respectively. Also decreased by tax related CTA adjustment amounting to $3.5 million. This represents the Fiscal Year 2017 foreign exchange related movement in the non-US deferred tax, tax receivable/payable and tax exposure balances.
The details regarding pre-tax gain (loss) on derivative instruments reclassified to net income from accumulated other comprehensive income are presented below:
 
 
Fiscal Year
 
Affected Line in the Consolidated Statements of Income
(dollars in millions)
 
2017
 
2016
 
2015
 
Interest rate contracts
 
$
(0.4
)
 
$
(0.5
)
 
$
(1.5
)
 
Interest expense, net
Foreign exchange contracts
 
(2.6
)
 
(4.9
)
 
(12.3
)
 
Direct Costs
Foreign exchange contracts
 
(5.4
)
 
(2.3
)
 
(2.7
)
 
Service revenue
Cross-currency swap contracts
 
—

 
—

 
0.2

 
Miscellaneous (expense) income, net
Total
 
$
(8.4
)
 
$
(7.7
)
 
$
(16.3
)
 
 

The amounts of gain (loss) reclassified from accumulated other comprehensive loss into net income are net of taxes of $1.8 million, $2.9 million, and $5.9 million and for Fiscal Year 2017, 2016 and 2015, respectively.