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

9 Months Ended

Mar. 31, 2024

Changes in AOCI by component are as follows:


	Three Months Ended
	March 31, 2024
	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, 2023	$	(331.5)	$	(1,157.5)		$	(21.6)		$	(234.6)		$	(1,745.2)
Other comprehensive income/(loss) before reclassification adjustments	(37.4)		(91.0)			—			—			(128.4)
Tax effect	—		19.1			—			—			19.1
Reclassification adjustments to net earnings	—		1.2		(A)	1.1		(C)	1.0		(B)	3.3
Tax effect	—		(0.2)			(0.3)			(0.2)			(0.7)

Balance at March 31, 2024	$	(368.9)	$	(1,228.4)		$	(20.8)		$	(233.8)		$	(1,851.9)


	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)


	Nine Months Ended
	March 31, 2024
	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, 2023	$	(340.8)	$	(1,705.6)		$	(23.3)		$	(236.1)		$	(2,305.8)
Other comprehensive income/(loss) before reclassification adjustments	(28.1)		618.8			—			—			590.7
Tax effect	—		(145.7)			—			—			(145.7)
Reclassification adjustments to net earnings	—		5.2		(A)	3.3		(C)	2.9		(B)	11.4
Tax effect	—		(1.1)			(0.8)			(0.6)			(2.5)

Balance at March 31, 2024	$	(368.9)	$	(1,228.4)		$	(20.8)		$	(233.8)		$	(1,851.9)


	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 income/(loss) 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)

(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).