v3.26.3
Derivatives and Hedging Activities (Tables)
3 Months Ended
Sep. 30, 2026
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Fair Value and Location of Outstanding Derivative Contracts Recorded in Consolidated Balance Sheets
The fair value and location of outstanding derivative contracts recorded in the accompanying consolidated balance sheets were as follows as of September 30, 2026 and June 30, 2026:
 
September 30, 2026Foreign
Currency
Contracts
Commodity
Contracts
Total
Derivatives
($ in millions)
Asset Derivatives:
Other current assets$— $— $— 
Other assets— 0.1 0.1 
Total asset derivatives$— $0.1 $0.1 
Liability Derivatives:
Accrued liabilities$0.4 $5.0 $5.4 
Other liabilities— 0.2 0.2 
Total liability derivatives$0.4 $5.2 $5.6 
 
June 30, 2026Foreign
Currency
Contracts
Commodity
Contracts
Total
Derivatives
($ in millions)
Asset Derivatives:
Other current assets$0.1 $0.2 $0.3 
Other assets— — — 
Total asset derivatives$0.1 $0.2 $0.3 
Liability Derivatives:
Accrued liabilities$— $1.2 $1.2 
Other liabilities— — — 
Total liability derivatives$— $1.2 $1.2 
Schedule of Losses Related to Cash Flow Hedges The following is a summary of the losses related to cash flow hedges recognized during the three months ended September 30, 2026 and 2025:
Amount of Loss Recognized in AOCI on Derivatives
Three Months Ended
September 30,
($ in millions)20262025
Derivatives in Cash Flow Hedging Relationship:
  Commodity contracts$(4.8)$(1.1)
  Foreign exchange contracts— (0.1)
Total$(4.8)$(1.2)
Location of Loss Reclassified from AOCI into IncomeAmount of Loss Reclassified from AOCI into Income
Three Months Ended
September 30,
($ in millions)20262025
Derivatives in Cash Flow Hedging Relationship:
  Commodity contractsCost of Sales$(0.7)$(1.5)
Total$(0.7)$(1.5)
Schedule of Effect of Derivative Instruments on Income
The following is a summary of total amounts presented in the consolidated statements of operations in which the effects of cash flow hedges are recorded during the three months ended September 30, 2026 and 2025:
Three Months Ended
September 30, 2026
Three Months Ended
September 30, 2025
($ in millions)Cost of SalesCost of Sales
Total amounts presented in the consolidated statements of operations in which the effects of cash flow hedges are recorded$541.9 $517.3 
Loss on Derivatives in Cash Flow Hedging Relationship:
   Commodity contracts
Amount of loss reclassified from AOCI to income$(0.7)$(1.5)
Total loss$(0.7)$(1.5)