Reclassifications out of Accumulated Other Comprehensive Income (“AOCI”)

9 Months Ended

Mar. 31, 2023

Reclassifications out of Accumulated Other Comprehensive Income (“AOCI”)

Changes in AOCI by component are as follows:


	Three Months Ended
	March 31, 2023
	Currency Translation Adjustment		Net Gains/Losses on Available-for-sale Securities			Cash Flow Hedging Activities			Pension Liability			Accumulated Other Comprehensive (Loss) /Income
Balance at December 31, 2022	$	(367.8)	$	(1,778.3)		$	(24.9)		$	(279.9)		$	(2,450.9)
Other comprehensive income/(loss) before reclassification adjustments	15.6		392.0			—			—			407.6
Tax effect	—		(86.6)			—			—			(86.6)
Reclassification adjustments to net earnings	—		0.9		(A)	1.1		(C)	0.6		(B)	2.6
Tax effect	—		(0.2)			(0.3)			—			(0.5)

Balance at March 31, 2023	$	(352.2)	$	(1,472.2)		$	(24.1)		$	(279.3)		$	(2,127.8)


	Three Months Ended
	March 31, 2022
	Currency Translation Adjustment		Net Gains/Losses on Available-for-sale Securities			Cash Flow Hedging Activities			Pension Liability			Accumulated Other Comprehensive (Loss) /Income
Balance at December 31, 2021	$	(278.3)	$	98.3		$	(28.3)		$	(120.1)		$	(328.4)
Other comprehensive (loss)/income before reclassification adjustments	(14.2)		(1,192.5)			—			—			(1,206.7)
Tax effect	—		270.3			—			—			270.3
Reclassification adjustments to net earnings	—		0.3		(A)	1.1		(C)	1.9		(B)	3.3
Tax effect	—		(0.1)			(0.3)			(0.4)			(0.8)

Balance at March 31, 2022	$	(292.5)	$	(823.7)		$	(27.5)		$	(118.6)		$	(1,262.3)


	Nine Months Ended
	March 31, 2023
	Currency Translation Adjustment		Net Gains/Losses on Available-for-sale Securities			Cash Flow Hedging Activities			Pension Liability			Accumulated Other Comprehensive (Loss) /Income
Balance at June 30, 2022	$	(354.2)	$	(1,330.0)		$	(26.6)		$	(282.9)		$	(1,993.7)
Other comprehensive (loss)/income before reclassification adjustments	2.0		(200.9)			—			—			(198.9)
Tax effect	—		47.9			—			—			47.9
Reclassification adjustments to net earnings	—		13.9		(A)	3.3		(C)	4.2		(B)	21.4
Tax effect	—		(3.1)			(0.8)			(0.6)			(4.5)

Balance at March 31, 2023	$	(352.2)	$	(1,472.2)		$	(24.1)		$	(279.3)		$	(2,127.8)


	Nine Months Ended
	March 31, 2022
	Currency Translation Adjustment		Net Gains/Losses on Available-for-sale Securities			Cash Flow Hedging Activities			Pension Liability			Accumulated Other Comprehensive (Loss) /Income
Balance at June 30, 2021	$	(226.8)	$	390.9		$	(29.9)		$	(123.6)		$	10.6
Other comprehensive (loss)/income before reclassification adjustments	(65.7)		(1,570.4)			—			—			(1,636.1)
Tax effect	—		356.0			—			—			356.0
Reclassification adjustments to net earnings	—		(0.2)		(A)	3.3		(C)	5.9		(B)	9.0
Tax effect	—		—			(0.9)			(0.9)			(1.8)

Balance at March 31, 2022	$	(292.5)	$	(823.7)		$	(27.5)		$	(118.6)		$	(1,262.3)

(A) Reclassification adjustments out of AOCI are included within Other (income)/expense, net, on the Statements of Consolidated Earnings.

(B) Reclassification adjustments out of AOCI are included in net pension (income)/expense (see Note 11).

(C) Reclassification adjustments out of AOCI are included in Interest expense on the Statements of Consolidated Earnings (see Note 10).