Amcor (AMCR) 10-Q 11 Feb 20 2020 Q2 Quarterly report Financial data

Cover Page

Cover Page - shares	6 Months Ended
	Dec. 31, 2019	Feb. 07, 2020
Cover page.
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Dec. 31, 2019
Document Transition Report	false
Entity File Number	001-36786
Entity Registrant Name	AMCOR PLC
Entity Incorporation, State or Country Code	Y9
Entity Tax Identification Number	98-1455367
Entity Address, Address Line One	83 Tower Road North
Entity Address, City or Town	Warmley, Bristol
Entity Address, Postal Zip Code	BS30 8XP
Entity Address, Country	GB
Country Region	44
City Area Code	117
Local Phone Number	9753200
Title of 12(b) Security	Ordinary Shares, Par Value $0.01 Per Share
Trading Symbol	AMCR
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Emerging Growth Company	false
Entity Small Business	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		1,604,047,277
Entity Central Index Key	0001748790
Current Fiscal Year End Date	--06-30
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q2
Amendment Flag	false

Condensed Consolidated Statemen

Condensed Consolidated Statement of Income - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2019	Dec. 31, 2018
Income Statement [Abstract]
Net sales	$ 3,043.1	$ 2,285.4	$ 6,183.8	$ 4,545.6
Cost of sales	(2,425.8)	(1,832.4)	(5,019.8)	(3,701)
Gross profit	617.3	453	1,164	844.6
Operating expenses:
Selling, general, and administrative expenses	(308.3)	(205.3)	(680.2)	(403.6)
Research and development expenses	(23.5)	(17.3)	(49.4)	(31.5)
Restructuring and related expenses	(24.1)	(39.9)	(41.7)	(52.4)
Other income, net	10.9	31	20.2	41.9
Operating income	272.3	221.5	412.9	399
Interest income	6.3	5.2	13	8.1
Interest expense	(52.3)	(52.1)	(112)	(108.4)
Other non-operating income (loss), net	4.4	5.7	12	3.1
Income from continuing operations before income taxes and equity in income (loss) of affiliated companies	230.7	180.3	325.9	301.8
Income tax expense	(45.1)	(31.1)	(66.9)	(52.8)
Equity in income (loss) of affiliated companies, net of tax	2.2	(8.6)	4.5	(6.9)
Income from continuing operations	187.8	140.6	263.5	242.1
Income (loss) from discontinued operations, net of tax	0	0	(7.7)	0
Net income	187.8	140.6	255.8	242.1
Net (income) loss attributable to non-controlling interests	(2.2)	(2)	(4.2)	(5.1)
Net income attributable to Amcor plc	$ 185.6	$ 138.6	$ 251.6	$ 237
Basic earnings per share:
Income from continuing operations	$ 0.115	$ 0.120	$ 0.160	$ 0.205
Income from discontinued operations	0	0	(0.005)	0
Net income	0.115	0.120	0.155	0.205
Diluted earnings per share:
Income from continuing operations	0.115	0.120	0.160	0.204
Income from discontinued operations	0	0	(0.005)	0
Net income	$ 0.115	$ 0.120	$ 0.155	$ 0.204

Condensed Consolidated Statem_2

Condensed Consolidated Statement of Comprehensive Income - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2019	Dec. 31, 2018
Statement of Comprehensive Income [Abstract]
Net income	$ 187.8	$ 140.6	$ 255.8	$ 242.1
Other comprehensive income (loss):
Net gains (losses) on cash flow hedges, net of tax (a)	2.5	(2.3)	3.1	(4.5)
Foreign currency translation adjustments, net of tax (b)	67.9	(20.8)	17.2	12.7
Net investment hedge of foreign operations, net of tax (c)	(0.1)	10.8	(2)	(14.1)
Pension, net of tax (d)	0.6	(30.3)	1.5	(30)
Other comprehensive income (loss)	70.9	(42.6)	19.8	(35.9)
Total comprehensive income	258.7	98	275.6	206.2
Comprehensive (income) loss attributable to non-controlling interest	(2.2)	(1.1)	(4.2)	(4.2)
Comprehensive income attributable to Amcor plc	256.5	96.9	271.4	202
(a) Tax (expense) benefit related to cash flow hedges	(0.8)	0.9	(0.8)	1.2
(b) Tax (expense) benefit related to foreign currency translation adjustments	1.7	2.6	(0.4)	(2.2)
(c) Tax (expense) benefit related to net investment hedge of foreign operations	(0.1)	(6.1)	0.8	1.4
(d) Tax (expense) benefit related to pension adjustments	$ (0.2)	$ (6.2)	$ (0.4)	$ (6.3)

Condensed Consolidated Balance

Condensed Consolidated Balance Sheet - USD ($) $ in Millions	Dec. 31, 2019	Jun. 30, 2019
Current assets:
Cash and cash equivalents	$ 673.8	$ 601.6
Trade receivables, net	1,669.1	1,864.3
Inventories, net	1,891.8	1,953.8
Prepaid expenses and other current assets	452.9	374.3
Assets held for sale	0	416.1
Total current assets	4,687.6	5,210.1
Non-current assets:
Investments in affiliated companies	96.8	98.9
Property, plant and equipment, net	3,757.5	3,975
Operating lease assets	553.3	0
Deferred tax assets	159.4	190.9
Other intangible assets, net	2,094.1	2,306.8
Goodwill	5,246.3	5,156
Employee benefit assets	40.6	40.2
Other non-current assets	197	187.1
Total non-current assets	12,145	11,954.9
Total assets	16,832.6	17,165
Current liabilities:
Current portion of long-term debt	4.2	5.4
Short-term debt	353	788.8
Trade payables	2,075.8	2,303.4
Accrued employee costs	314.4	378.4
Other current liabilities	1,020	1,044.9
Liabilities held for sale	0	20.9
Total current liabilities	3,767.4	4,541.8
Non-current liabilities:
Long-term debt, less current portion	5,853.5	5,309
Operating lease liabilities	491.3	0
Deferred tax liabilities	726.5	1,011.7
Employee benefit obligations	371	386.8
Other non-current liabilities	220	241
Total non-current liabilities	7,662.3	6,948.5
Total liabilities	11,429.7	11,490.3
Commitments and contingencies (See Note 16)
Amcor plc shareholders’ equity:
Issued (1,604.0 and 1,625.9 shares, respectively)	16.1	16.3
Additional paid-in capital	5,783.2	6,007.5
Retained earnings	254.4	323.7
Accumulated other comprehensive income (loss)	(702.6)	(722.4)
Treasury shares (1.1 and 1.4 shares, respectively)	(11.4)	(16.1)
Total Amcor plc shareholders' equity	5,339.7	5,609
Non-controlling interest	63.2	65.7
Total shareholders' equity	5,402.9	5,674.7
Total liabilities and shareholders' equity	$ 16,832.6	$ 17,165

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheet (Parenthetical) - $ / shares shares in Millions	Dec. 31, 2019	Jun. 30, 2019
Statement of Financial Position [Abstract]
Ordinary shares, par value per share	$ 0.01	$ 0.01
Ordinary shares, authorized shares	9,000	9,000
Ordinary shares, issued shares	1,604	1,625.9
Treasury shares	1.1	1.4

Condensed Consolidated Statem_3

Condensed Consolidated Statement of Cash Flows - USD ($) $ in Millions	6 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Cash flows from operating activities:
Net income (loss)	$ 255.8	$ 242.1
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation, amortization and impairment	331.8	187
Net periodic benefit cost	3.2	5.3
Amortization of debt discount and deferred financing costs	2.9	2.6
Amortization of deferred gain on sale and leasebacks	0	(3.1)
Net gain on disposal of property, plant and equipment	(0.5)	(9.5)
Equity in (income) loss of affiliated companies	(4.5)	6.9
Net foreign exchange (gain) loss	15	(5.4)
Share-based compensation	13.1	8.3
Other, net	0.7	(1)
Loss on transition to hyperinflationary accounting for Argentine subsidiaries	27	19
Deferred income taxes, net	(116.9)	1.1
Dividends received from affiliated companies	6.8	4.7
Changes in operating assets and liabilities, excluding effect of acquisitions, divestitures, and currency	(192.4)	(223.3)
Net cash provided by operating activities	342	234.7
Net cash provided by operating activities
(Issuance) of loans to affiliated companies	0.6	(0.6)
Investments in affiliated companies	0	(0.8)
Purchase of property, plant and equipment and other intangible assets	(206.6)	(172)
Proceeds from divestiture	397.1	0.2
Proceeds from sales of property, plant and equipment and other intangible assets	2.9	60.3
Net cash (used in) provided by investing activities	194	(112.9)
Net cash (used in) provided by investing activities
Proceeds from issuance of shares	0.9	12
Settlement of forward contracts	0	(28.5)
Purchase of treasury shares	(11.3)	(21.2)
Proceeds from issuance of treasury shares under dividend reinvestment plan	0	13
Proceeds from (purchase of) non-controlling interest	4.7	3.5
Proceeds from issuance of long-term debt	44.9	1,294.9
Repayment of long-term debt	(2,112.5)	(1,192.8)
Net borrowing/(repayment) of commercial paper	2,662.5	(17.2)
Net borrowing/(repayment) of short-term debt	(417.5)	(2.3)
Repayment of lease liabilities	(0.6)	(0.7)
Share buyback/cancellations	(222.6)	0
Dividends paid	(390.6)	(290.6)
Net cash used in financing activities	(442.1)	(229.9)
Effect of exchange rates on cash and cash equivalents	(21.7)	(22)
Net increase (decrease) in cash and cash equivalents	72.2	(130.1)
Cash and cash equivalents balance at beginning of year	601.6	620.8
Cash and cash equivalents balance at end of period	673.8	490.7
Interest paid, net of amounts capitalized	91.9	97.9
Income taxes paid	$ 184.2	$ 62.3

Condensed Consolidated Statem_4

Condensed Consolidated Statement of Equity - USD ($) $ in Millions		Total	Ordinary Shares	Additional Paid-In Capital	Retained Earnings	Accumulated Other Comprehensive Income (Loss)	Treasury Shares	Non-controlling Interest
Beginning Balance at Jun. 30, 2018		$ 695.4	$ 0	$ 784.4	$ 561.4	$ (708.5)	$ (10.7)	$ 68.8
Net income (loss)		242.1			237			5.1
Other comprehensive income (loss)		(35.9)				(35)		(0.9)
Dividends declared		(290.6)			(278)
Distributions to non-controlling interest								(12.6)
Options exercised and shares vested		12.2		(19.6)			31.8
Settlement of forward contracts to purchase own equity to meet share based incentive plans, net of tax		0		25.1			(25.1)
Purchase of treasury shares		(21.2)					(21.2)
Issuance of treasury shares under dividend reinvestment plan		13					13
Share-based compensation expense		8.3		8.3
Change in non-controlling interest		3.5		(0.1)				3.6
Ending Balance at Dec. 31, 2018		626.8	0	798.1	520.4	(743.5)	(12.2)	64
Beginning Balance at Sep. 30, 2018		516.1	0	796.6	381.8	(701.8)	(30.3)	69.8
Net income (loss)		140.6			138.6			2
Other comprehensive income (loss)		(42.6)				(41.7)		(0.9)
Dividends declared		(10.5)
Distributions to non-controlling interest								(10.5)
Options exercised and shares vested		2.8		(2.3)			5.1
Issuance of treasury shares under dividend reinvestment plan		13					13
Share-based compensation expense		3.8		3.8
Change in non-controlling interest		3.6						3.6
Ending Balance at Dec. 31, 2018		626.8	0	798.1	520.4	(743.5)	(12.2)	64
Beginning Balance at Jun. 30, 2019		5,674.7	16.3	6,007.5	323.7	(722.4)	(16.1)	65.7
Net income (loss)		255.8			251.6			4.2
Other comprehensive income (loss)		19.8				19.8
Share buyback/cancellations		(222.6)	(0.2)	(222.4)
Dividends declared		(390.5)			(379.1)
Distributions to non-controlling interest								(11.4)
Options exercised and shares vested		1		(15)			16
Purchase of treasury shares		(11.3)					(11.3)
Share-based compensation expense		13.1		13.1
Change in non-controlling interest		4.7						4.7
Cumulative adjustment related to the adoption of ASC 842 (1) | Accounting Standards Update 2016-02	[1]	58.2			58.2
Ending Balance at Dec. 31, 2019		5,402.9	16.1	5,783.2	254.4	(702.6)	(11.4)	63.2
Beginning Balance at Sep. 30, 2019		5,491.4	16.2	5,940.7	252.3	(773.5)	(11.5)	67.2
Net income (loss)		187.8			185.6			2.2
Other comprehensive income (loss)		70.9				70.9
Share buyback/cancellations		(164.3)	(0.1)	(164.2)
Dividends declared		(194.4)			(183.5)
Distributions to non-controlling interest								(10.9)
Options exercised and shares vested		0.8		(0.4)			1.2
Purchase of treasury shares		(1.1)					(1.1)
Share-based compensation expense		7.1		7.1
Change in non-controlling interest		4.7						4.7
Ending Balance at Dec. 31, 2019		$ 5,402.9	$ 16.1	$ 5,783.2	$ 254.4	$ (702.6)	$ (11.4)	$ 63.2
[1]	Refer to Note 2 , " New Accounting Guidance " for more information.

Condensed Consolidated Statem_5

Condensed Consolidated Statement of Equity (Parenthetical) - $ / shares	3 Months Ended	6 Months Ended
	Dec. 31, 2019	Dec. 31, 2019	Dec. 31, 2018
Statement of Stockholders' Equity [Abstract]
Dividends declared, per share	$ 0.115	$ 0.235	$ 0.240

Nature of Operations and Basis

Nature of Operations and Basis of Presentation	6 Months Ended
	Dec. 31, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Nature of Operations and Basis of Presentation	Nature of Operations and Basis of Presentation Amcor plc ("Amcor" or the "Company") is a global packaging company that employs approximately 50,000 people across approximately 250 sites in more than 40 countries. The Company develops and produces a broad range of packaging products including flexible packaging and rigid packaging containers. The accompanying unaudited consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States (“U.S. GAAP”) for interim financial information. Consistent with these requirements, this Form 10-Q does not include all the information required by U.S. GAAP for complete financial statements. It is management's opinion, however, that all material adjustments (consisting of normal recurring accruals) have been made which are necessary for a fair statement of its financial position, results of operations and cash flows. For further information, this Form 10-Q should be read in conjunction with the Consolidated Financial Statements and accompanying Notes in the Company's Annual Report on Form 10-K for the fiscal year ended June 30, 2019. The Company reclassified prior year comparative figures in the condensed consolidated statement of cash flows to conform to the current year's presentation. In addition, the Company reclassified certain prior year comparative figures from interest expense to net sales to conform to the current year’s presentation. This change in presentation did not have an impact on the Company’s financial condition or operating results.

New Accounting Guidance

New Accounting Guidance	6 Months Ended
	Dec. 31, 2019
Accounting Policies [Abstract]
New Accounting Guidance	New Accounting Guidance Recently Adopted Accounting Standards In February 2018, the Financial Accounting Standards Board ("FASB") issued guidance that requires the Company to disclose a description of the Company’s accounting policy for releasing income tax effects from accumulated other comprehensive income and whether the Company elects to reclassify the stranded income tax effects from the Tax Cuts and Jobs Act (‘‘The Act’’), along with information about other income tax effects that are reclassified. For all entities, the guidance was effective for fiscal years beginning after December 15, 2018 and interim periods within those fiscal years. Entities can choose whether to apply the amendments retrospectively to each period in which the effect of the Act is recognized or to apply the amendments in the period of adoption. This guidance was effective for the Company on July 1, 2019. The Company adopted the new guidance effective July 1, 2019 and did not elect the optional reclassification. In August 2017, the FASB issued guidance which simplifies existing guidance in order to allow companies to more accurately present the economic effects of risk management activities in the financial statements. For public business entities, the amendments in Accounting Standards Update ("ASU") 2017-12 were effective for financial statements issued for fiscal years beginning after December 15, 2018 and interim periods within those fiscal years. This guidance was effective for the Company on July 1, 2019 using the modified respective approach, with the exception of presentation and disclosure guidance which is adopted prospectively. Implementation of the standard did not have a material impact on the the Company's condensed consolidated financial statements. In February 2016, the FASB issued guidance that required lessees to put most leases on their balance sheets but recognize expenses on their income statements in a manner similar to past accounting guidance. The guidance also eliminates the previous real estate-specific provisions and changes the guidance on sale-leaseback transactions, initial direct costs and lease executory costs for all entities. Lease classification will determine how to recognize lease-related revenue and expense. The Company adopted the new lease standard at July 1, 2019 using a simplified transition option that allows for a cumulative-effect adjustment in the period of adoption and therefore did not restate prior periods. The Company also elected to adopt the package of practical expedients which allows for existing operating leases to continue to be classified as operating leases under the new guidance without reassessing whether the contracts contain a lease under the new guidance or whether classification of the operating lease would be different under the new standard. The Company did not elect the use-of-hindsight practical expedient but did adopt the practical expedient pertaining to land easements which provides the option not to reassess whether land easements not previously accounted for as leases under prior leasing guidance would be leases under the new guidance. Adoption of the new leasing standard resulted in the following impacts to the Company's unaudited condensed consolidated financial statements as of the adoption date: the establishment of a lease liability of $590.5 million , including current portion, a corresponding right-of-use asset of $569.8 million , and the reclassification of approximately $58.2 million (net of tax) of deferred gains on sale leaseback transactions. The complete impact of the changes made to the Company's unaudited condensed consolidated balance sheet due to the adoption of the new leasing guidance were as follows: ($ in millions) June 30, 2019 Adjustments due to Adoption At July 1, 2019 Operating lease assets — 569.8 569.8 Other current liabilities 1,044.9 54.3 1,099.2 Operating lease liabilities — 506.8 506.8 Deferred tax liabilities 1,011.7 18.7 1,030.4 Other non-current liabilities 241.0 (68.2 ) 172.8 Retained earnings 323.7 58.2 381.9 Due to the adoption of the guidance using the simplified transition option, there are no changes to the Company's previously reported results prior to July 1, 2019. Lease expense is not expected to change materially as a result of adoption of the new guidance. The Company changed its disclosures related to leasing beginning in fiscal year 2020. Refer to Note 10 , " Leases ". Accounting Standards Not Yet Adopted In June 2016, the FASB issued guidance which requires financial assets or a group of financial assets measured at amortized cost basis to be presented at the net amount expected to be collected when finalized. The allowance for credit losses is a valuation account that will be deducted from the amortized cost basis of the financial asset to present the net carrying value at the amount expected to be collected on the financial asset. This guidance affects loans, debt securities, trade receivables, net investments in leases, off-balance-sheet credit exposures, reinsurance receivables and any other financial assets not excluded from the scope that have the contractual right to receive cash. For public business entities, the amendments in this update are effective for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years. The guidance will be effective for the Company on July 1, 2020 and will be adopted using the modified retrospective approach. The Company is currently assessing the impact that the adoption of this new guidance will have on its condensed consolidated financial statements. In December 2019, the FASB issued updated guidance to simplify the accounting for income taxes by removing certain exceptions and improving the consistent application of U.S. GAAP in other tax accounting areas. This guidance is effective for annual reporting periods, and any interim periods within those annual periods, that begin after December 15, 2020 with early adoption permitted. Accordingly, the guidance will be effective for the Company on July 1, 2021. The Company is currently evaluating the impact that this guidance will have on its financial statements and related disclosures. The Company considers the applicability and impact of all ASUs issued by the FASB. The Company determined that all other ASUs not yet adopted to be either not applicable or are expected to have minimal impact on the Company's consolidated financial statements at this time.

Acquisitions

Acquisitions	6 Months Ended
	Dec. 31, 2019
Business Combinations [Abstract]
Acquisitions	Acquisitions Bemis Company, Inc. On June 11, 2019, the Company completed the acquisition of 100% of the outstanding shares of Bemis Company, Inc ("Bemis"), a global manufacturer of flexible packaging products based in the United States. Pursuant to the Transaction Agreement, dated as of August 6, 2018, each outstanding share of Bemis common stock that was issued and outstanding upon completion of the transaction was converted into the right to receive 5.1 ordinary shares of the Company traded on the New York Stock Exchange ("NYSE"). The following table summarizes the fair value of consideration exchanged: Bemis shares outstanding at June 11, 2019 (in millions) 91.7 Share exchange ratio 5.1 Price per share (based on Amcor’s closing share price on June 11, 2019) $ 11.18 Total equity consideration ($ in millions) $ 5,229.6 The acquisition of Bemis positions the Company as a global leader in consumer packaging with a comprehensive global footprint in flexible packaging and greater scale in key regions of North America, Latin America, Asia Pacific and Europe, along with industry-leading research and development capabilities. The acquisition of Bemis was accounted for as a business combination in accordance with ASC 805, "Business Combinations," which required allocation of the purchase price to the estimated fair values of assets acquired and liabilities assumed in the transaction. The Company has made measurement period adjustments at December 31, 2019 resulting in a $99.8 million increase to goodwill, which includes a $162.9 million decrease to property, plant and equipment, a $98.8 million decrease to finite lived intangible assets, a $154.3 million decrease to deferred tax liabilities, along with other adjustments to assets held for sale and working capital. The Company estimated the preliminary fair value of acquired assets and liabilities as of the acquisition date based on information currently available and has adjusted those estimates primarily upon further evaluation of property and equipment acquired, and related adjustment to finite lived intangibles acquired and deferred taxes. The allocation of fair value for the assets and liabilities acquired remains preliminary given the number of global locations acquired and may continue to be adjusted up to one year after the acquisition. Accordingly, final determination of the fair values may result in further adjustments to the values presented in the following table. ($ in millions) Cash and cash equivalents $ 3.3 Trade receivables 436.0 Inventories 679.6 Prepaid expenses and other current assets 83.3 Assets held for sale 464.2 Property, plant and equipment 1,227.8 Deferred tax assets 35.5 Other intangible assets 1,931.4 Other non-current assets 34.5 Total identifiable assets acquired 4,895.6 Current portion of long-term debt 1.7 Short-term debt 8.6 Trade payables 287.7 Accrued employee costs 161.1 Other current liabilities 283.0 Liabilities held for sale 21.9 Long-term debt, less current portion 1,365.3 Deferred tax liabilities 628.3 Employee benefit obligation 62.6 Other non-current liabilities 83.3 Total liabilities assumed 2,903.5 Net identifiable assets acquired 1,992.1 Goodwill 3,237.5 Net assets acquired $ 5,229.6 The following table details the preliminary identifiable intangible assets acquired from Bemis, their fair values and estimated useful lives: Fair Value Weighted-average Estimated Useful Life ($ in millions) (Years) Customer relationships $ 1,650.0 15 Technology 110.0 7 Other 171.4 7 Total other intangible assets $ 1,931.4 The purchase price allocation is preliminary in nature and subject to adjustments, which could be material. Any necessary adjustments will be finalized within one year from the date of acquisition. The preliminary allocation of the purchase price as of December 31, 2019 has resulted in $3,237.5 million of goodwill for the Flexibles segment, which is not tax deductible. The goodwill on acquisition represents the future economic benefit expected to arise from other intangible assets acquired that do not qualify for separate recognition, including assembled workforce and non-contractual relationships, as well as expected future synergies. As the Company finalizes the valuation of assets acquired and liabilities assumed, it will determine to which reporting units within the Company's segments any changes in goodwill should be recorded. The fair value measurement of tangible and intangible assets and liabilities was based on significant inputs not observable in the market and thus represent Level 3 measurements within the fair value measurement hierarchy. Level 3 fair market values were determined using a variety of information, including estimated future cash flows, appraisals and market comparables. Closing of the Bemis acquisition was conditional upon the receipt of regulatory approvals, approval by both Amcor and Bemis shareholders, and satisfaction of other customary conditions. In order to satisfy certain regulatory approvals, the Company was required to divest three of Bemis' medical packaging facilities located in the United Kingdom and Ireland ("EC Remedy") and three Amcor medical packaging facilities in the United States ("U.S. Remedy"). The U.S. Remedy was completed during the fourth quarter of fiscal 2019 and the Company received $214.2 million resulting in a gain of $159.1 million . The EC Remedy was completed during the first quarter of fiscal 2020 and the Company received $397.1 million and recorded a loss on the sale of $8.8 million which is the result of the reclassification of accumulated foreign currency translation amounts from accumulated other comprehensive income to earnings from discontinued operations upon sale of the EC Remedy.

Discontinued Operations

Discontinued Operations	6 Months Ended
	Dec. 31, 2019
Discontinued Operations and Disposal Groups [Abstract]
Discontinued Operations	Discontinued Operations On February 11, 2019, the Company received approval from the European Commission ("EC") for the acquisition of Bemis. A condition of the approval was an agreement to divest three Bemis medical packaging facilities located in the United Kingdom and Ireland ("EC Remedy"). Upon completion of the Bemis acquisition on June 11, 2019, the Company determined that the EC Remedy met the criteria to be classified as a discontinued operation, in accordance with ASC 205-20, "Discontinued Operations." The sale of the EC Remedy closed on August 8, 2019. The Company recorded a loss on the sale of $8.8 million , which is the result of the reclassification of accumulated foreign currency translation amounts from accumulated other comprehensive income to earnings from discontinued operations upon sale of the EC Remedy. The following table summarizes the results of the EC Remedy, classified as discontinued operations, from July 1, 2019 until the sale of the EC Remedy on August 8, 2019: Three Months Ended December 31, Six Months Ended December 31, ($ in millions) 2019 Net sales $ — $ 15.8 Income (loss) from discontinued operations — (7.1 ) Tax expense on discontinued operations — 0.6 Income (loss) from discontinued operations, net of tax $ — $ (7.7 )

Restructuring Plans

Restructuring Plans	6 Months Ended
	Dec. 31, 2019
Restructuring and Related Activities [Abstract]
Restructuring Plans	Restructuring Plans 2019 Bemis Integration Plan In connection with the acquisition of Bemis, the Company initiated restructuring activities in the fourth quarter of 2019 aimed at integrating and optimizing the combined organization. As previously announced, the Company continues to target realizing approximately $180 million of pre-tax synergies driven by procurement, supply chain, and general and administrative savings by the end of fiscal year 2022. The Company's total Plan pre-tax integration costs are expected to be approximately $200 million . The total Plan costs include $165 million of restructuring and related expenses and $35 million of general integration expenses. The restructuring and related expenses are comprised of approximately $100 million in employee related expenses, $30 million in fixed asset related expenses, $15 million in other restructuring and $20 million in restructuring related expenses. The Company estimates that approximately $150 million of the $200 million total integration costs will result in cash expenditures, of which $115 million relate to restructuring and related expenditures. Cash payments for the six months ended December 31, 2019 were $44.7 million , of which $23.6 million were payments related to restructuring and related expenditures. Cash payments of approximately $50 million to $60 million are expected for the balance of the fiscal year with $40 million to $50 million representing payments for restructuring and related expenses. The 2019 Bemis Integration Plan relates to the Flexibles segment and Corporate and is expected to be completed by the end of fiscal year 2022. Restructuring related costs are directly attributable to restructuring activities; however, they do not qualify for special accounting treatment as exit or disposal activities. General integration costs are not linked to restructuring. The Company believes the disclosure of restructuring related costs provides more information on the total cost of our 2019 Bemis Integration Plan. The restructuring related costs relate primarily to the closure of facilities and include costs to replace graphics, train new employees on relocated equipment and anticipated loss on sale of closed facilities. 2018 Rigid Packaging Restructuring Plan On August 21, 2018, the Company announced a restructuring plan in Amcor Rigid Packaging ("2018 Rigid Packaging Restructuring Plan") aimed at reducing structural costs and optimizing the footprint. The Plan includes the closures of manufacturing facilities and headcount reductions to achieve manufacturing footprint optimization and productivity improvements as well as overhead cost reductions. The Company's total Plan pre-tax restructuring costs are expected to be approximately $95 million with the main component being the cost to exit manufacturing facilities and employee related costs. The Company estimates that approximately $65 million of the $95 million total costs will result in cash expenditures. Cash payments for the six months ended December 31, 2019 were $6.5 million , with approximately $10 million to $15 million expected during the remainder of the fiscal year. The Plan is expected to be materially completed during this fiscal year. Other Restructuring Plans The Company entered into other individually immaterial restructuring plans ("Other Restructuring Plans"). The Company's restructuring charge related to these Plans was approximately $0.7 million and $12.3 million for the three months ended December 31, 2019 and 2018 , respectively, and $1.0 million and $14.7 million for the six months ended December 31, 2019 and 2018 , respectively. Consolidated Amcor Restructuring Plans The total costs incurred from the beginning of the Company's material restructuring plans are as follows: ($ in millions) 2018 Rigid Packaging Restructuring Plan 2019 Bemis Integration Plan Other Restructuring Plans Total Restructuring and Related Expenses (1) Fiscal year 2019 net charges to earnings 64.1 47.9 18.8 130.8 Fiscal year 2020 first quarter net charges to earnings 3.4 13.9 0.3 17.6 Fiscal year 2020 second quarter net charges to earnings 2.6 20.8 0.7 24.1 Expense incurred to date $ 70.1 $ 82.6 $ 19.8 $ 172.5 (1) Total restructuring and related expenses includes $1.8 million , $3.6 million and $1.5 million for the fiscal year 2019, fiscal year 2020 first quarter and fiscal year 2020 second quarter, respectively, of restructuring related costs from the 2019 Bemis Integration Plan. An analysis of the Company's restructuring plan liability is as follows: ($ in millions) Employee Costs Fixed Asset Related Costs Other Costs Total Restructuring Costs Liability balance at June 30, 2019 72.5 6.7 8.4 87.6 Net charges to earnings 23.6 5.4 7.7 36.7 Cash paid (27.9 ) (0.2 ) (8.8 ) (36.9 ) Non-cash and other — (5.2 ) — (5.2 ) Foreign currency translation (0.4 ) (0.1 ) (0.1 ) (0.6 ) Liability balance at December 31, 2019 $ 67.8 $ 6.6 $ 7.2 81.6 The costs related to restructuring activities have been presented on the consolidated statement of income as restructuring and related expenses. The accruals related to restructuring activities have been recorded on the unaudited condensed consolidated balance sheet under other current liabilities.

Inventories, Net

Inventories, Net	6 Months Ended
	Dec. 31, 2019
Inventory Disclosure [Abstract]
Inventories, Net	Inventories, Net Inventories, net are summarized as follows: ($ in millions) December 31, 2019 June 30, 2019 Raw materials and supplies $ 850.4 $ 864.6 Work in process and finished goods 1,137.6 1,180.9 Less: inventory reserves (96.2 ) (91.7 ) Total inventories, net $ 1,891.8 $ 1,953.8

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets	6 Months Ended
	Dec. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Other Intangible Assets	Goodwill and Other Intangible Assets Changes in the carrying amount of goodwill attributable to each reportable segment follow: ($ in millions) Flexibles Segment Rigid Packaging Segment Total Balance as of June 30, 2019 $ 4,180.8 $ 975.2 $ 5,156.0 Acquisition and acquisition adjustments 99.8 — 99.8 Currency translation (9.6 ) 0.1 (9.5 ) Balance as of December 31, 2019 $ 4,271.0 $ 975.3 $ 5,246.3 There is a $4.0 million accumulated goodwill impairment loss in the Rigid Packaging reportable segment as of December 31, 2019 and June 30, 2019 . Other Intangible Assets The components of intangible assets follows: December 31, 2019 ($ in millions) Gross Carrying Amount Accumulated Amortization and Impairment Net Carrying Amount Customer relationships $ 1,970.0 $ (207.6 ) $ 1,762.4 Computer software 220.0 (129.1 ) 90.9 Other (1) 332.2 (91.4 ) 240.8 Reported balance $ 2,522.2 $ (428.1 ) $ 2,094.1 June 30, 2019 ($ in millions) Gross Carrying Amount Accumulated Amortization and Impairment Net Carrying Amount Customer relationships $ 2,053.7 $ (144.0 ) $ 1,909.7 Computer software 221.3 (127.0 ) 94.3 Other (1) 350.6 (47.8 ) 302.8 Reported balance $ 2,625.6 $ (318.8 ) $ 2,306.8 (1) Other includes $14.8 million and $14.2 million for December 31, 2019 and June 30, 2019 , respectively, of acquired intellectual property assets not yet being amortized as the related R&D projects have not yet been completed. Amortization expense for intangible assets during the three and six months ended December 31, 2019 were $45.6 million and $119.1 million , respectively, and $7.3 million and $15.4 million , respectively, for the three and six months ended December 31, 2018 .

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Dec. 31, 2019
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements The fair values of the Company’s financial assets and financial liabilities listed below reflect the amounts that would be received to sell the assets or paid to transfer the liabilities in an orderly transaction between market participants at the measurement date (exit price). The Company’s non-derivative financial instruments primarily include cash and cash equivalents, trade receivables, trade payables, short-term debt and long-term debt. At December 31, 2019 and June 30, 2019 , the carrying value of these financial instruments, excluding long-term debt, approximates fair value because of the short-term maturities of these instruments. The fair value of long-term debt with variable interest rates approximates its carrying value. The fair value of the Company’s long-term debt with fixed interest rates is based on market prices, if available, or expected future cash flows discounted at the current interest rate for financial liabilities with similar risk profiles. The carrying values and estimated fair values of long-term debt with fixed interest rates (excluding capital leases) were as follows: December 31, 2019 June 30, 2019 Carrying Value Fair Value Carrying Value Fair Value ($ in millions) (Level 2) (Level 2) Total long-term debt with fixed interest rates (excluding commercial paper and capital leases) $ 2,537.0 $ 2,633.2 $ 2,955.6 $ 3,041.3 Assets and Liabilities Measured and Recorded at Fair Value on a Recurring Basis Additionally, the Company measures and records certain assets and liabilities, including derivative instruments and contingent purchase consideration liabilities, at fair value. The following table summarizes the fair value of these instruments, which are measured at fair value on a recurring basis, by level, within the fair value hierarchy: December 31, 2019 ($ in millions) Level 1 Level 2 Level 3 Total Assets Commodity contracts $ — $ 0.2 $ — $ 0.2 Forward exchange contracts — 5.0 — 5.0 Interest rate swaps — 27.1 — 27.1 Cross currency interest rate swaps — 0.1 — 0.1 Total assets measured at fair value $ — $ 32.4 $ — $ 32.4 Liabilities Contingent purchase consideration liabilities $ — $ — $ 14.2 $ 14.2 Commodity contracts — 1.9 — 1.9 Forward exchange contracts — 13.7 — 13.7 Interest rate swaps — — — — Total liabilities measured at fair value $ — $ 15.6 $ 14.2 $ 29.8 June 30, 2019 ($ in millions) Level 1 Level 2 Level 3 Total Assets Commodity contracts $ — $ — $ — $ — Forward exchange contracts — 5.5 — 5.5 Interest rate swaps — 32.8 — 32.8 Total assets measured at fair value $ — $ 38.3 $ — $ 38.3 Liabilities Contingent purchase consideration liabilities $ — $ — $ 13.6 $ 13.6 Commodity contracts — 4.6 — 4.6 Forward exchange contracts — 9.3 — 9.3 Interest rate swaps — — — — Total liabilities measured at fair value $ — $ 13.9 $ 13.6 $ 27.5 The fair value of the commodity contracts was determined using a discounted cash flow analysis based on the terms of the contracts and observed market forward prices discounted at a currency-specific rate. Forward exchange contract fair values were determined based on quoted prices for similar assets and liabilities in active markets using inputs such as currency rates and forward points. The fair value of the interest rate swaps was determined using a discounted cash flow method based on market-based swap yield curves, taking into account current interest rates. The fair value of the contingent purchase consideration liabilities was determined for each arrangement individually. The fair value was determined using the income approach with significant inputs that are not observable in the market. Key assumptions include the discount rates consistent with the level of risk of achievement and probability adjusted financial projections. The expected outcomes are recorded at net present value, which requires adjustment over the life for changes in risks and probabilities. The fair value of contingent purchase consideration liabilities is included in other current liabilities and other non-current liabilities in the unaudited condensed consolidated balance sheet.

Derivative Instruments

Derivative Instruments	6 Months Ended
	Dec. 31, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments	Derivative Instruments Amcor periodically uses derivatives and other financial instruments to hedge exposures to interest rate, commodity and currency risks. The Company does not hold or issue financial instruments for speculative or trading purposes. For hedges that meet the hedge accounting criteria, the Company, at inception, formally designates and documents the instrument as a fair value hedge or a cash flow hedge of a specific underlying exposure. On an ongoing basis, the Company assesses and documents that its hedges have been and are expected to continue to be highly effective. Interest Rate Risk The Company’s policy is to manage exposure to interest rate risk by maintaining a mixture of fixed-rate and variable-rate debt, monitoring global interest rates and, where appropriate, hedging floating interest rate exposure or debt at fixed interest rates through the use of interest rate swaps. For interest rate swaps that are accounted for as fair value hedges, changes in the fair value of both the hedging instruments and the underlying debt obligations are immediately recognized in interest expense. Changes in the fair value of interest rate swaps that have not been designated as hedging instruments are reported in the accompanying unaudited condensed consolidated statement of income under other non-operating income (loss), net. At December 31, 2019 , the Company had a notional amount of $100.0 million cross-currency interest rate swaps outstanding. The Company did not designate it as a hedging instrument and thus changes in fair value were immediately recognized in earnings. As of December 31, 2019 and June 30, 2019 , the total notional amount of the Company’s receive-fixed/pay-variable interest rate swaps accounted for as fair value hedges was $836.0 million and $841.1 million , respectively. Foreign Currency Risk The Company manufactures and sells its products and finances operations in a number of countries throughout the world and, as a result, is exposed to movements in foreign currency exchange rates. The purpose of the Company’s foreign currency hedging program is to manage the volatility associated with the changes in exchange rates. To manage this exchange rate risk, the Company utilizes forward contracts. Contracts that qualify for hedge accounting are designated as cash flow hedges of certain forecasted transactions denominated in foreign currencies. The effective portion of the changes in fair value of these instruments is reported in AOCI and reclassified into earnings in the same financial statement line item and in the same period or periods during which the related hedged transactions affect earnings. The ineffective portion is immediately recognized in the unaudited condensed consolidated statement of income. Changes in the fair value of forward contracts that have not been designated as hedging instruments are reported in the accompanying unaudited condensed consolidated statement of income. As of December 31, 2019 and June 30, 2019 , the notional amount of the outstanding forward contracts was $1.2 billion and $1.0 billion , respectively. The Company manages its currency exposure related to the net assets of its foreign operations primarily through borrowings denominated in the relevant currency. Foreign currency gains and losses from the remeasurement of external borrowings designated as net investment hedges of a foreign operation are recognized in AOCI, to the extent that the hedge is effective. The ineffective portion is immediately recognized in other non-operating income (loss), net in the unaudited condensed consolidated statement of income. When a hedged net investment is disposed of, a percentage of the cumulative amount recognized in AOCI in relation to the hedged net investment is recognized in the unaudited condensed consolidated statement of income as part of the profit or loss on disposal. Commodity Risk Certain raw materials used in the Company's production processes are subject to price volatility caused by weather, supply conditions, political and economic variables and other unpredictable factors. The Company's policy is to minimize exposure to price volatility by passing through the commodity price risk to customers, including the use of fixed price swaps. The Company purchases on behalf of customers fixed price aluminum swaps to offset the exposure of price volatility on the underlying sales contracts, these instruments are cash closed out on maturity and the related cost or benefit is passed through to customers. Information about commodity price exposure is derived from supply forecasts submitted by customers and these exposures are hedged by a central treasury unit. Changes in the fair value of commodity hedges are recognized in AOCI. The cumulative amount of the hedge is recognized in the unaudited condensed consolidated statement of income when the forecast transaction is realized. At December 31, 2019 and June 30, 2019 , the Company had the following outstanding commodity contracts that were entered into to hedge forecasted purchases: December 31, 2019 June 30, 2019 Commodity Volume Volume Aluminum 31,857 tons 29,342 tons The following tables provide the location of derivative instruments in the unaudited condensed consolidated balance sheet: ($ in millions) Balance Sheet Location December 31, 2019 June 30, 2019 Assets Derivatives in cash flow hedging relationships: Commodity contracts Other current assets $ 0.2 $ — Forward exchange contracts Other current assets $ 3.0 $ 2.4 Derivatives not designated as hedging instruments: Forward exchange contracts Other current assets 1.9 2.7 Cross currency interest rate swaps Other current assets 0.1 — Total current derivative contracts 5.2 5.1 Derivatives in fair value hedging relationships: Interest rate swaps Other non-current assets 27.1 32.8 Derivatives not designated as hedging instruments: Forward exchange contracts Other non-current assets 0.1 0.4 Total non-current derivative contracts 27.2 33.2 Total derivative asset contracts $ 32.4 $ 38.3 Liabilities Derivatives in cash flow hedging relationships: Commodity contracts Other current liabilities $ 1.9 $ 4.6 Forward exchange contracts Other current liabilities 2.6 1.5 Derivatives not designated as hedging instruments: Forward exchange contracts Other current liabilities 11.0 7.1 Total current derivative contracts 15.5 13.2 Derivatives in cash flow hedging relationships: Forward exchange contracts Other non-current liabilities 0.1 0.3 Derivatives not designated as hedging instruments: Forward exchange contracts Other non-current liabilities — 0.4 Total non-current derivative contracts 0.1 0.7 Total derivative liability contracts $ 15.6 $ 13.9 In addition to the fair value associated with derivative instruments noted in the table above, the Company had a carrying value of $67.0 million associated with non-derivative instruments designated as foreign currency net investment hedges as of June 30, 2019 and no foreign currency net investment hedges as of December 31, 2019 . Certain derivative financial instruments are subject to master netting arrangements and are eligible for offset. The Company has made an accounting policy election not to offset the fair values of these instruments within the unaudited condensed consolidated balance sheet. The following tables provide the effects of derivative instruments on AOCI and in the unaudited condensed consolidated statement of income: Location of Gain (Loss) Reclassified from AOCI into Income (Effective Portion) Gain (Loss) Reclassified from AOCI into Income (Effective Portion) Three Months Ended December 31, Six Months Ended December 31, ($ in millions) 2019 2018 2019 2018 Derivatives in cash flow hedging relationships Commodity contracts Cost of sales $ (1.6 ) $ (0.3 ) $ (3.1 ) $ 0.2 Forward exchange contracts Net sales (0.4 ) (0.4 ) (0.8 ) (0.3 ) Forward exchange contracts Cost of sales (0.1 ) (0.5 ) — (0.3 ) Total $ (2.1 ) $ (1.2 ) $ (3.9 ) $ (0.4 ) Location of Gain (Loss) Recognized in the Unaudited Condensed Consolidated Statement of Income Gain (Loss) Recognized in Income for Derivatives Not Designated as Hedging Instruments Three Months Ended December 31, Six Months Ended December 31, ($ in millions) 2019 2018 2019 2018 Derivatives not designated as hedging instruments Forward exchange contracts Other income, net $ 4.8 $ 1.1 $ (0.3 ) $ 0.5 Cross currency interest rate swaps Other income, net (2.3 ) — 0.1 (0.1 ) Total $ 2.5 $ 1.1 (0.2 ) 0.4 Location of Gain (Loss) Recognized in the Unaudited Condensed Consolidated Statement of Income Gain (Loss) Recognized in Income for Derivatives in Fair Value Hedging Relationships Three Months Ended December 31, Six Months Ended December 31, ($ in millions) 2019 2018 2019 2018 Derivatives in fair value hedging relationships Interest rate swaps Interest expense $ (5.7 ) $ 3.9 $ (5.8 ) $ 0.2 Total $ (5.7 ) $ 3.9 $ (5.8 ) $ 0.2

Leases

Leases	6 Months Ended
	Dec. 31, 2019
Leases [Abstract]
Leases	Leases The Company has operating leases for certain manufacturing sites, office space, warehouses, land, vehicles and equipment. Most leases include the option to renew, with renewal terms that can extend the lease term from one to five years or more. Right-of-use lease assets and lease liabilities are recognized at the commencement date based on the present value of the remaining lease payments over the lease term, which includes renewal periods the Company is reasonably certain to exercise. Short term leases with a term of twelve months or less, including reasonably certain holding periods, are not recorded on the balance sheet. The Company's leases do not contain any material residual value guarantees or material restrictive covenants. At December 31, 2019 , the Company does not have material lease commitments that have not commenced. The components of lease expense were as follows: (in millions) Three Months Ended December 31, Six Months Ended December 31, Statement of Income Location 2019 Operating leases Cost of products sold $ 22.8 $ 45.5 Selling, general and administrative expenses 5.7 11.4 Total lease cost (1) $ 28.5 $ 56.9 (1) Includes short-term leases and variable lease costs, which are immaterial. Lease costs for finance leases were immaterial for the three and six months ended December 31, 2019 . Supplemental balance sheet information related to leases was as follows: (in millions) Balance Sheet Location December 31, 2019 Assets Operating lease assets Operating lease assets $ 553.3 Finance lease assets (1) Property, plant and equipment, net 2.1 Total lease assets $ 555.4 Liabilities Operating leases: Current operating lease liabilities Other current liabilities $ 84.4 Non-current operating lease liabilities Operating lease liabilities 491.3 Finance leases: Current finance lease liabilities Current portion of long-term debt 1.2 Non-current finance lease liabilities Long-term debt, less current portion 2.8 Total lease liabilities $ 579.7 (1) Finance lease assets are recorded net of accumulated amortization of $8.3 million at December 31, 2019 . As the Company's leases do not provide an implicit rate, the Company uses its incremental borrowing rate as of the commencement date to determine the present value of lease payments. Supplemental cash flow information related to leases was as follows: Six Months Ended December 31, (in millions) 2019 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 54.4 Lease assets obtained in exchange for new lease obligations: Operating leases $ 47.1 Finance leases $ 0.8 Maturities of lease liabilities were as follows: (in millions) Operating Leases Finance Leases Remainder of fiscal 2020 $ 52.9 $ 0.9 Fiscal 2021 96.7 1.1 Fiscal 2022 84.8 1.0 Fiscal 2023 72.8 0.8 Fiscal 2024 62.4 0.8 Thereafter 330.7 0.4 Total lease payments 700.3 5.0 Less: imputed interest 124.6 1.0 Present value of lease liabilities $ 575.7 $ 4.0 The Company’s future minimum lease commitments as of June 30, 2019, under Accounting Standard Codification Topic 840, the predecessor to Topic 842, are as follows: (in millions) Operating Leases Fiscal 2020 $ 97.6 Fiscal 2021 90.4 Fiscal 2022 77.7 Fiscal 2023 67.3 Fiscal 2024 55.9 Thereafter 301.8 Total minimum obligations $ 690.7 The weighted average remaining lease term and discount rate are as follows: December 31, 2019 Weighted average remaining lease term (in years): Operating leases 10.0 Finance leases 4.0 Weighted average discount rate: Operating Leases 3.9 % Finance leases 10.3 %

Components of Net Periodic Bene

Components of Net Periodic Benefit Cost	6 Months Ended
	Dec. 31, 2019
Retirement Benefits [Abstract]
Components of Net Periodic Benefit Cost	Components of Net Periodic Benefit Cost Net periodic benefit cost for benefit plans include the following components: Three Months Ended December 31, Six Months Ended December 31, ($ in millions) 2019 2018 2019 2018 Service cost $ 6.2 $ 3.9 $ 12.4 $ 7.8 Interest cost 12.3 6.7 24.6 13.4 Expected return on plan assets (18.0 ) (8.2 ) (36.0 ) (16.6 ) Amortization of net loss 1.5 1.0 3.0 2.0 Amortization of prior service credit (0.4 ) (0.5 ) (0.8 ) (1.0 ) Curtailment credit — (0.3 ) — (0.3 ) Net periodic benefit cost $ 1.6 $ 2.6 $ 3.2 $ 5.3 Service cost is included in operating income. All other components of net periodic benefit cost other than service cost are recorded within other non-operating income (loss), net.

Income Taxes

Income Taxes	6 Months Ended
	Dec. 31, 2019
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The Company computes its provision for income taxes by applying the estimated annual effective tax rate to year to date income before income taxes and equity in income of affiliated companies and adjusts for discrete tax items recorded in the period. The provision for income taxes for the three and six months ended December 31, 2019 and 2018 is based on our projected annual effective tax rate for fiscal year 2020, adjusted for specific items that are required to be recognized in the period in which they are incurred. Income tax expense for the three and six months ended December 31, 2019 is $45.1 million and $66.9 million , respectively, compared to $31.1 million and $52.8 million for the three and six months ended December 31, 2018 , respectively. The effective tax rate for the six months ended December 31, 2019 increased by 3 percentage points compared to the six months ended December 31, 2018 , from 17.5% to 20.5% . The increase in income tax provision and the increase in the effective tax rate was primarily related to non-deductible restructuring and transaction costs and the increase of operating income earned in higher tax jurisdictions as a result of the Bemis acquisition.

Shareholders' Equity

Shareholders' Equity	6 Months Ended
	Dec. 31, 2019
Equity [Abstract]
Stockholders' Equity	Shareholders' Equity The changes in ordinary and treasury shares during the six months ended December 31, 2019 and 2018 were as follows: Ordinary Shares Treasury Shares (shares and $ in millions) Number of Shares Amount Number of Shares Amount Balance as of June 30, 2018 1,158.1 $ — 0.9 $ (10.7 ) Options exercised and shares vested (3.1 ) 31.8 Settlement of forward contracts to purchase own equity to meet share base incentive plans, net of tax 2.5 (25.1 ) Purchase of treasury shares 2.1 (21.2 ) Issuance of treasury shares under dividend reinvestment plan (1.3 ) 13.0 Balance as of December 31, 2018 1,158.1 $ — 1.1 $ (12.2 ) Balance as of June 30, 2019 1,625.9 $ 16.3 1.4 $ (16.1 ) Share buy-back/cancellations (21.9 ) (0.2 ) Options exercised and shares vested (1.4 ) 16.0 Purchase of treasury shares 1.1 (11.3 ) Balance as of December 31, 2019 1,604.0 $ 16.1 1.1 $ (11.4 ) The changes in the components of accumulated other comprehensive income (loss) during the six months ended December 31, 2019 and 2018 were as follows: Foreign Currency Translation Net Investment Hedge Pension Effective Derivatives Total Accumulated Other Comprehensive Income (Loss) ($ in millions) (Net of Tax) (Net of Tax) (Net of Tax) (Net of Tax) Balance as of June 30, 2018 $ (669.3 ) $ — $ (30.6 ) $ (8.6 ) $ (708.5 ) Other comprehensive income (loss) before reclassifications 13.6 (14.1 ) (30.7 ) (4.9 ) (36.1 ) Amounts reclassified from accumulated other comprehensive income (loss) — — 0.7 0.4 1.1 Net current period other comprehensive income (loss) 13.6 (14.1 ) (30.0 ) (4.5 ) (35.0 ) Balance as of December 31, 2018 $ (655.7 ) $ (14.1 ) $ (60.6 ) $ (13.1 ) $ (743.5 ) Balance as of June 30, 2019 $ (609.4 ) $ (11.2 ) $ (89.6 ) $ (12.2 ) $ (722.4 ) Other comprehensive income (loss) before reclassifications 8.4 (2.0 ) (0.4 ) (0.1 ) 5.9 Amounts reclassified from accumulated other comprehensive income (loss) 8.8 — 1.9 3.2 13.9 Net current period other comprehensive income (loss) 17.2 (2.0 ) 1.5 3.1 19.8 Balance as of December 31, 2019 $ (592.2 ) $ (13.2 ) $ (88.1 ) $ (9.1 ) $ (702.6 ) The following tables provide details of amounts reclassified from accumulated other comprehensive income (loss): Three Months Ended December 31, Six Months Ended December 31, ($ in millions) 2019 2018 2019 2018 Amortization of pension: Amortization of prior service credit $ (0.4 ) $ (0.5 ) $ (0.8 ) $ (1.0 ) Amortization of actuarial loss 1.5 1.0 3.0 2.0 Effect of pension settlement/curtailment — (0.3 ) — (0.3 ) Total before tax effect 1.1 0.2 2.2 0.7 Tax benefit on amounts reclassified into earnings (0.1 ) — (0.3 ) — Total net of tax $ 1.0 $ 0.2 $ 1.9 $ 0.7 (Gains) losses on cash flow hedges: Commodity contracts $ 1.6 $ 0.3 $ 3.1 $ (0.2 ) Forward exchange contracts 0.5 0.9 0.8 0.6 Total before tax effect 2.1 1.2 3.9 0.4 Tax benefit on amounts reclassified into earnings (0.3 ) — (0.7 ) — Total net of tax $ 1.8 $ 1.2 $ 3.2 $ 0.4 (Gains) losses on foreign currency translation: Foreign currency translation adjustment (1) $ — $ — $ 8.8 $ — Total before tax effect — — 8.8 — Tax benefit on amounts reclassified into earnings — — — — Total net of tax $ — $ — $ 8.8 $ — (1) During the first fiscal quarter of 2020, the Company recorded a loss on the sale of the EC Remedy of $8.8 million , which is the result of the reclassification of accumulated foreign currency translation amounts from accumulated other comprehensive income to earnings. Refer to Note 4 , " Discontinued Operations " for more information.

Segments

Segments	6 Months Ended
	Dec. 31, 2019
Segment Reporting [Abstract]
Segments	Note 14 - Segments The Company's business is organized and presented in the two reportable segments outlined below: Flexibles: Consists of operations that manufacture flexible and film packaging in the food and beverage, medical and pharmaceutical, fresh produce, snack food, personal care, and other industries. Rigid Packaging: Consists of operations that manufacture rigid containers for a broad range of predominantly beverage and food products, including carbonated soft drinks, water, juices, sports drinks, milk-based beverages, spirits and beer, sauces, dressings, spreads and personal care items and plastic caps for a wide variety of applications. Other consists of the Company's equity method investments, including AMVIG, undistributed corporate expenses, intercompany eliminations and other business activities. Operating segments are organized along the Company's product lines and geographical areas. In conjunction with the acquisition of Bemis, the Company reassessed its segment reporting structure in the first fiscal quarter of 2020 and elected to disaggregate the Flexibles Americas operating segment into Flexibles North America and Flexibles Latin America. The five Flexibles operating segments (Flexibles Europe, Middle East and Africa; Flexibles North America, Flexibles Latin America; Flexibles Asia Pacific and Specialty Cartons) have been aggregated in the Flexibles reporting segment as they exhibit similarity in long-term forecasted economic characteristics, similarity in the products they offer, their production technologies, the customers they serve, the nature of their service delivery models, and their regulatory environments. In the fourth quarter of fiscal year 2019, in connection with the acquisition of Bemis, the Company changed its measure of segment performance from adjusted operating income to adjusted earnings before interest and tax ("EBIT") from continuing operations. The Company's chief operating decision maker, the Global Management Team ("GMT"), evaluates performance and allocates resources based on adjusted EBIT from continuing operations. The Company defines adjusted EBIT as operating income adjusted to eliminate the impact of certain items that the Company does not consider indicative of its ongoing operating performance and to include equity in income (loss) of affiliated companies. The GMT consists of the Managing Director and Chief Executive Officer and his direct reports and provides strategic direction and management oversight of the day to day activities of the Company. The accounting policies of the reportable segments are the same as those in the consolidated financial statements. The Company also has investments in operations in AMVIG that are accounted for under the equity method of accounting and, accordingly, those results are not included in segment net sales. The following table presents information about reportable segments: Three Months Ended December 31, Six Months Ended December 31, ($ in millions) 2019 2018 2019 2018 Sales including intersegment sales Flexibles $ 2,414.7 $ 1,608.2 $ 4,845.5 $ 3,142.0 Rigid Packaging 629.2 677.6 1,339.8 1,404.3 Other — — — — Total sales including intersegment sales 3,043.9 2,285.8 6,185.3 4,546.3 Intersegment sales Flexibles 0.8 0.4 1.5 0.7 Rigid Packaging — — — — Other — — — — Total intersegment sales 0.8 0.4 1.5 0.7 Net sales $ 3,043.1 $ 2,285.4 $ 6,183.8 $ 4,545.6 Adjusted EBIT from continuing operations Flexibles $ 329.4 $ 211.4 $ 619.9 $ 368.9 Rigid Packaging 59.5 80.2 130.0 148.5 Other (24.9 ) (9.6 ) (50.9 ) (24.0 ) Adjusted EBIT from continuing operations 364.0 282.0 699.0 493.4 Less: Material restructuring programs (1) (23.4 ) (27.6 ) (40.7 ) (37.7 ) Less: Impairments in equity method investments (2) — (11.4 ) — (13.9 ) Less: Material acquisition costs and other (3) (17.7 ) (29.8 ) (101.2 ) (35.1 ) Less: Amortization of acquired intangible assets from business combinations (4) (40.9 ) (4.7 ) (109.2 ) (9.5 ) Add/(Less): Economic net investment hedging activities not qualifying for hedge accounting (5) — 4.2 — 1.5 Less: Impact of hyperinflation (6) (3.1 ) (9.6 ) (18.5 ) (19.0 ) Add: Net legal settlements (7) — 15.5 — 15.5 EBIT from continuing operations 278.9 218.6 429.4 395.2 Interest income 6.3 5.2 13.0 8.1 Interest expense (52.3 ) (52.1 ) (112.0 ) (108.4 ) Equity in (income) loss of affiliated companies, net of tax (2.2 ) 8.6 (4.5 ) 6.9 Income from continuing operations before income taxes and equity in income (loss) of affiliated companies $ 230.7 $ 180.3 $ 325.9 $ 301.8 (1) Material restructuring programs includes the 2018 Rigid Packaging Restructuring Plan and the 2019 Bemis Integration Plan for the three and six months ended December 31, 2019 . For the three and six months ended December 31, 2018 , material restructuring plans include the 2018 Rigid Packaging Restructuring Plan. Refer to Note 5 , " Restructuring Plans ," for more information about the Company's restructuring plans. (2) Impairments in equity method investments includes the impairment charges related to other-than-temporary impairments related to the investment in AMVIG. (3) Material acquisition costs and other includes $58.0 million amortization of Bemis acquisition related inventory fair value step-up and $43.2 million of Bemis transaction related costs and integration costs not qualifying as exit costs for the six months ended December 31, 2019. (4) Amortization of acquired intangible assets from business combinations includes amortization expenses related to all acquired intangible assets from acquisitions impacting the periods presented, including $26.4 million of sales backlog amortization for the six months ended December 31, 2019 from the Bemis acquisition. (5) Economic net investment hedging activities not qualifying for hedge accounting includes the exchange rate movements on external loans not deemed to be effective net investment hedging instruments resulting from the our conversion to U.S. GAAP from Australian Accounting Standards ("AAS") recognized in other non-operating income (loss), net. (6) Impact of hyperinflation includes the adverse impact of highly inflationary accounting for subsidiaries in Argentina where the functional currency was the Argentine Peso. (7) Net legal settlements includes the impact of significant legal settlements after associated costs. The Company does not have sales to a single customer that exceeded 10% of consolidated net sales for the three and six months ended December 31, 2019 . Sales to PepsiCo, and its subsidiaries, accounted for approximately 10.2% of net sales under multiple separate contractual agreements for the six months ended December 31, 2018 . The Company sells to this customer in both the Rigid Packaging and the Flexibles reportable segments. For the three months ended December 31, 2018 no single customer exceeded 10% of consolidated net sales. The following tables disaggregate net sales information by geography in which the Company operates based on manufacturing or selling operation: Three Months Ended December 31, Six Months Ended December 31, ($ in millions) 2019 2018 2019 2018 North America $ 1,361.9 $ 710.6 $ 2,854.8 $ 1,480.6 Latin America 394.9 296.0 783.6 559.3 Europe 904.1 933.0 1,789.6 1,818.2 Asia Pacific 382.2 345.8 755.8 687.5 Net sales $ 3,043.1 $ 2,285.4 $ 6,183.8 $ 4,545.6

Earnings Per Share Computations

Earnings Per Share Computations	6 Months Ended
	Dec. 31, 2019
Earnings Per Share [Abstract]
Earnings Per Share Computations	Earnings Per Share Computations The Company applies the two-class method when computing its earnings per share ("EPS"), which requires that net income per share for each class of share be calculated assuming all of the Company's net income is distributed as dividends to each class of share based on their contractual rights. Basic EPS is computed by dividing net income available to ordinary shareholders by the weighted-average number of ordinary shares outstanding after excluding the ordinary shares to be repurchased using forward contracts. Diluted EPS includes the effects of share options, restricted shares, performance rights, performance shares and share rights, if dilutive. Three Months Ended December 31, Six Months Ended December 31, (in millions, except per share amounts) 2019 2018 2019 2018 Numerator Net income attributable to Amcor plc $ 185.6 $ 138.6 $ 251.6 $ 237.0 Distributed and undistributed earnings attributable to shares to be repurchased — (0.3 ) (0.1 ) (0.5 ) Net income available to ordinary shareholders of Amcor plc—basic and diluted $ 185.6 $ 138.3 $ 251.5 $ 236.5 Net income available to ordinary shareholders of Amcor plc from continuing operations—basic and diluted $ 185.6 $ 138.3 $ 259.2 $ 236.5 Net income available to ordinary shareholders of Amcor plc from discontinued operations—basic and diluted $ — $ — $ (7.7 ) $ — Denominator Weighted-average ordinary shares outstanding 1,613.7 1,156.6 1,618.6 1,156.5 Weighted-average ordinary shares to be repurchased by Amcor plc (0.3 ) (2.5 ) (0.5 ) (2.5 ) Weighted-average ordinary shares outstanding for EPS—basic 1,613.4 1,154.1 1,618.1 1,154.0 Effect of dilutive shares 2.0 2.5 1.7 3.6 Weighted-average ordinary shares outstanding for EPS—diluted 1,615.4 1,156.6 1,619.8 1,157.6 Per ordinary share income Income from continuing operations $ 0.115 $ 0.120 $ 0.160 $ 0.205 Income from discontinued operations — — (0.005 ) — Basic earnings per ordinary share $ 0.115 $ 0.120 $ 0.155 $ 0.205 Income from continuing operations $ 0.115 $ 0.120 $ 0.160 $ 0.204 Income from discontinued operations — — (0.005 ) — Diluted earnings per ordinary share $ 0.115 $ 0.120 $ 0.155 $ 0.204 Certain outstanding share options were excluded from the diluted earnings per share calculation because they were anti-dilutive. The excluded share options for the three and six months ended December 31, 2019 represented an aggregate of 23.4 million and 20.4 million shares, respectively. The excluded share options for the three and six months ended December 31, 2018 represented an aggregate of 7.5 million and 7.5 million shares, respectively.

Contingencies and Legal Proceed

Contingencies and Legal Proceedings	6 Months Ended
	Dec. 31, 2019
Commitments and Contingencies Disclosure [Abstract]
Contingencies and Legal Proceedings	Contingencies and Legal Proceedings Contingencies The Company's operations in Brazil are involved in various governmental assessments, principally related to claims for excise and income taxes. The Company does not believe that the ultimate resolution of these matters will materially impact the Company's consolidated results of operations, financial position or cash flows. Under customary local regulations, the Company's Brazilian subsidiaries may need to post cash or other collateral if a challenge to any administrative assessment proceeds to the Brazilian court system; however, the level of cash or collateral already pledged or potentially required to be pledged would not significantly impact the liquidity of Amcor. At December 31, 2019 and June 30, 2019 , the Company has recorded an accrual of $15.9 million and $16.4 million , respectively, included in other non-current liabilities in the unaudited condensed consolidated balance sheet and has estimated a reasonably possible loss exposure in excess of the accrual of $26.4 million and $23.7 million , respectively. The litigation process is subject to many uncertainties and the outcome of individual matters cannot be accurately predicted. The Company's assessments are based on its knowledge and experience, but the ultimate outcome of any of these matters may differ from the Company's estimates. As of December 31, 2019 , Amcor provided letters of credit of $43.6 million and deposited cash of $13.5 million with the courts to continue to defend the cases. Legal Proceedings On April 18, 2019, prior to the closure of the Amcor and Bemis transaction, litigation funding firm, Burford Capital, notified Bemis on behalf of two shareholder funds (BCIM Strategic Value Master Fund LP and BCIM SV SMA I LLC) that the funds would not accept the fixed exchange ratio for Amcor shares and instead intended to file a case asking a Missouri state court to appraise the value of their Bemis shares and compensate them accordingly. On June 24, 2019, the Burford funds sent a formal written demand for payment of the fair value of the funds’ shares. On September 6, 2019, the Burford funds filed a Petition for Appraisal of Stock in the Missouri court. On November 4, 2019, Bemis filed an Answer to the Petition for Appraisal of Stock. The matter has entered into the discovery stage. As the Company is in the early stages of this proceeding, it is difficult to predict the potential outcome. Two lawsuits brought by purported holders of Bemis stock against Bemis and Bemis directors and officers are pending in federal court in the U.S. District Court for the Southern District of New York, in which plaintiffs are seeking damages for alleged violations of the Exchange Act of 1934 and U.S. Securities and Exchange Commission rules and regulations. Plaintiffs allege a failure to disclose adequately information in the proxy statement issued in connection with the Amcor-Bemis merger. The cases are: Dixon, et al. v. Bemis Company, Inc. et al. and Stein v. Bemis Company, Inc. et al ., which were instituted on April 15, 2019 and April 17, 2019, respectively. In addition, a purported holder of Bemis stock filed a putative derivative suit in the Cole County Circuit Court, Nineteenth Judicial District of Missouri, against Bemis directors and Amcor, alleging that the directors breached fiduciary duties in connection with the Amcor-Bemis merger and that Amcor aided and abetted breaches of fiduciary duty. The case is Scarantino, et al. v. Amcor Limited, et al. , which was instituted on April 19, 2019. Amcor intends to defend the claims made in the pending actions. It is too early for Amcor to provide any reliable assessment of the likely quantum of any damages that may become payable if its defense is unsuccessful in whole or in part. Although it is not possible at present to establish a reliable assessment of damages, there can be no assurance that any damages that may be awarded will not be material to the results of operations or financial condition of Amcor.

Subsequent Events

Subsequent Events	6 Months Ended
	Dec. 31, 2019
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events On February 11, 2020, the Company's Board of Directors declared a quarterly cash dividend of $0.115 per share to be paid on March 24, 2020 to shareholders of record as of March 4, 2020. Amcor has received a waiver from the Australian Securities Exchange ("ASX") settlement operating rules, which will allow Amcor to defer processing conversions between its ordinary share and CHESS Depositary Instrument ("CDI") registers from March 3, 2020 to March 4, 2020, inclusive.

New Accounting Guidance (Polici

New Accounting Guidance (Policies)	6 Months Ended
	Dec. 31, 2019
Accounting Policies [Abstract]
Recently Adopted Accounting Standards and Accounting Standards Not Yet Adopted	Recently Adopted Accounting Standards In February 2018, the Financial Accounting Standards Board ("FASB") issued guidance that requires the Company to disclose a description of the Company’s accounting policy for releasing income tax effects from accumulated other comprehensive income and whether the Company elects to reclassify the stranded income tax effects from the Tax Cuts and Jobs Act (‘‘The Act’’), along with information about other income tax effects that are reclassified. For all entities, the guidance was effective for fiscal years beginning after December 15, 2018 and interim periods within those fiscal years. Entities can choose whether to apply the amendments retrospectively to each period in which the effect of the Act is recognized or to apply the amendments in the period of adoption. This guidance was effective for the Company on July 1, 2019. The Company adopted the new guidance effective July 1, 2019 and did not elect the optional reclassification. In August 2017, the FASB issued guidance which simplifies existing guidance in order to allow companies to more accurately present the economic effects of risk management activities in the financial statements. For public business entities, the amendments in Accounting Standards Update ("ASU") 2017-12 were effective for financial statements issued for fiscal years beginning after December 15, 2018 and interim periods within those fiscal years. This guidance was effective for the Company on July 1, 2019 using the modified respective approach, with the exception of presentation and disclosure guidance which is adopted prospectively. Implementation of the standard did not have a material impact on the the Company's condensed consolidated financial statements. In February 2016, the FASB issued guidance that required lessees to put most leases on their balance sheets but recognize expenses on their income statements in a manner similar to past accounting guidance. The guidance also eliminates the previous real estate-specific provisions and changes the guidance on sale-leaseback transactions, initial direct costs and lease executory costs for all entities. Lease classification will determine how to recognize lease-related revenue and expense. The Company adopted the new lease standard at July 1, 2019 using a simplified transition option that allows for a cumulative-effect adjustment in the period of adoption and therefore did not restate prior periods. The Company also elected to adopt the package of practical expedients which allows for existing operating leases to continue to be classified as operating leases under the new guidance without reassessing whether the contracts contain a lease under the new guidance or whether classification of the operating lease would be different under the new standard. The Company did not elect the use-of-hindsight practical expedient but did adopt the practical expedient pertaining to land easements which provides the option not to reassess whether land easements not previously accounted for as leases under prior leasing guidance would be leases under the new guidance. Accounting Standards Not Yet Adopted In June 2016, the FASB issued guidance which requires financial assets or a group of financial assets measured at amortized cost basis to be presented at the net amount expected to be collected when finalized. The allowance for credit losses is a valuation account that will be deducted from the amortized cost basis of the financial asset to present the net carrying value at the amount expected to be collected on the financial asset. This guidance affects loans, debt securities, trade receivables, net investments in leases, off-balance-sheet credit exposures, reinsurance receivables and any other financial assets not excluded from the scope that have the contractual right to receive cash. For public business entities, the amendments in this update are effective for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years. The guidance will be effective for the Company on July 1, 2020 and will be adopted using the modified retrospective approach. The Company is currently assessing the impact that the adoption of this new guidance will have on its condensed consolidated financial statements. In December 2019, the FASB issued updated guidance to simplify the accounting for income taxes by removing certain exceptions and improving the consistent application of U.S. GAAP in other tax accounting areas. This guidance is effective for annual reporting periods, and any interim periods within those annual periods, that begin after December 15, 2020 with early adoption permitted. Accordingly, the guidance will be effective for the Company on July 1, 2021. The Company is currently evaluating the impact that this guidance will have on its financial statements and related disclosures. The Company considers the applicability and impact of all ASUs issued by the FASB. The Company determined that all other ASUs not yet adopted to be either not applicable or are expected to have minimal impact on the Company's consolidated financial statements at this time.
Leases	The Company has operating leases for certain manufacturing sites, office space, warehouses, land, vehicles and equipment. Most leases include the option to renew, with renewal terms that can extend the lease term from one to five years or more. Right-of-use lease assets and lease liabilities are recognized at the commencement date based on the present value of the remaining lease payments over the lease term, which includes renewal periods the Company is reasonably certain to exercise. Short term leases with a term of twelve months or less, including reasonably certain holding periods, are not recorded on the balance sheet. The Company's leases do not contain any material residual value guarantees or material restrictive covenants. At December 31, 2019 , the Company does not have material lease commitments that have not commenced.

New Accounting Guidance (Tables

New Accounting Guidance (Tables)	6 Months Ended
	Dec. 31, 2019
Accounting Policies [Abstract]
Schedule of Impact of Adoption of New Leasing Standard in Company's Unaudited Condensed Consolidated Balance Sheet	The complete impact of the changes made to the Company's unaudited condensed consolidated balance sheet due to the adoption of the new leasing guidance were as follows: ($ in millions) June 30, 2019 Adjustments due to Adoption At July 1, 2019 Operating lease assets — 569.8 569.8 Other current liabilities 1,044.9 54.3 1,099.2 Operating lease liabilities — 506.8 506.8 Deferred tax liabilities 1,011.7 18.7 1,030.4 Other non-current liabilities 241.0 (68.2 ) 172.8 Retained earnings 323.7 58.2 381.9

Acquisitions (Tables)

Acquisitions (Tables)	6 Months Ended
	Dec. 31, 2019
Business Combinations [Abstract]
Schedule of Fair Value of Consideration Exchanged	The following table summarizes the fair value of consideration exchanged: Bemis shares outstanding at June 11, 2019 (in millions) 91.7 Share exchange ratio 5.1 Price per share (based on Amcor’s closing share price on June 11, 2019) $ 11.18 Total equity consideration ($ in millions) $ 5,229.6
Schedule of Allocation of Fair Value of Net Assets Acquired	The allocation of fair value for the assets and liabilities acquired remains preliminary given the number of global locations acquired and may continue to be adjusted up to one year after the acquisition. Accordingly, final determination of the fair values may result in further adjustments to the values presented in the following table. ($ in millions) Cash and cash equivalents $ 3.3 Trade receivables 436.0 Inventories 679.6 Prepaid expenses and other current assets 83.3 Assets held for sale 464.2 Property, plant and equipment 1,227.8 Deferred tax assets 35.5 Other intangible assets 1,931.4 Other non-current assets 34.5 Total identifiable assets acquired 4,895.6 Current portion of long-term debt 1.7 Short-term debt 8.6 Trade payables 287.7 Accrued employee costs 161.1 Other current liabilities 283.0 Liabilities held for sale 21.9 Long-term debt, less current portion 1,365.3 Deferred tax liabilities 628.3 Employee benefit obligation 62.6 Other non-current liabilities 83.3 Total liabilities assumed 2,903.5 Net identifiable assets acquired 1,992.1 Goodwill 3,237.5 Net assets acquired $ 5,229.6
Schedule of Identifiable Intangible Assets Acquired	The following table details the preliminary identifiable intangible assets acquired from Bemis, their fair values and estimated useful lives: Fair Value Weighted-average Estimated Useful Life ($ in millions) (Years) Customer relationships $ 1,650.0 15 Technology 110.0 7 Other 171.4 7 Total other intangible assets $ 1,931.4

Discontinued Operations (Tables

Discontinued Operations (Tables)	6 Months Ended
	Dec. 31, 2019
Discontinued Operations and Disposal Groups [Abstract]
Schedule of Results of EC Remedy Classified as Discontinued Operations	The following table summarizes the results of the EC Remedy, classified as discontinued operations, from July 1, 2019 until the sale of the EC Remedy on August 8, 2019: Three Months Ended December 31, Six Months Ended December 31, ($ in millions) 2019 Net sales $ — $ 15.8 Income (loss) from discontinued operations — (7.1 ) Tax expense on discontinued operations — 0.6 Income (loss) from discontinued operations, net of tax $ — $ (7.7 )

Restructuring Plans (Tables)

Restructuring Plans (Tables)	6 Months Ended
	Dec. 31, 2019
Restructuring and Related Activities [Abstract]
Schedule of Restructuring Related Costs	The total costs incurred from the beginning of the Company's material restructuring plans are as follows: ($ in millions) 2018 Rigid Packaging Restructuring Plan 2019 Bemis Integration Plan Other Restructuring Plans Total Restructuring and Related Expenses (1) Fiscal year 2019 net charges to earnings 64.1 47.9 18.8 130.8 Fiscal year 2020 first quarter net charges to earnings 3.4 13.9 0.3 17.6 Fiscal year 2020 second quarter net charges to earnings 2.6 20.8 0.7 24.1 Expense incurred to date $ 70.1 $ 82.6 $ 19.8 $ 172.5 (1) Total restructuring and related expenses includes $1.8 million , $3.6 million and $1.5 million for the fiscal year 2019, fiscal year 2020 first quarter and fiscal year 2020 second quarter, respectively, of restructuring related costs from the 2019 Bemis Integration Plan.
Schedule of Restructuring Reserve	An analysis of the Company's restructuring plan liability is as follows: ($ in millions) Employee Costs Fixed Asset Related Costs Other Costs Total Restructuring Costs Liability balance at June 30, 2019 72.5 6.7 8.4 87.6 Net charges to earnings 23.6 5.4 7.7 36.7 Cash paid (27.9 ) (0.2 ) (8.8 ) (36.9 ) Non-cash and other — (5.2 ) — (5.2 ) Foreign currency translation (0.4 ) (0.1 ) (0.1 ) (0.6 ) Liability balance at December 31, 2019 $ 67.8 $ 6.6 $ 7.2 81.6

Inventories, Net (Tables)

Inventories, Net (Tables)	6 Months Ended
	Dec. 31, 2019
Inventory Disclosure [Abstract]
Schedule of Inventories, Net	Inventories, net are summarized as follows: ($ in millions) December 31, 2019 June 30, 2019 Raw materials and supplies $ 850.4 $ 864.6 Work in process and finished goods 1,137.6 1,180.9 Less: inventory reserves (96.2 ) (91.7 ) Total inventories, net $ 1,891.8 $ 1,953.8

Goodwill and Other Intangible_2

Goodwill and Other Intangible Assets (Tables)	6 Months Ended
	Dec. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Changes in Carrying Amount of Goodwill	Changes in the carrying amount of goodwill attributable to each reportable segment follow: ($ in millions) Flexibles Segment Rigid Packaging Segment Total Balance as of June 30, 2019 $ 4,180.8 $ 975.2 $ 5,156.0 Acquisition and acquisition adjustments 99.8 — 99.8 Currency translation (9.6 ) 0.1 (9.5 ) Balance as of December 31, 2019 $ 4,271.0 $ 975.3 $ 5,246.3
Schedule of Components of Intangible Assets	The components of intangible assets follows: December 31, 2019 ($ in millions) Gross Carrying Amount Accumulated Amortization and Impairment Net Carrying Amount Customer relationships $ 1,970.0 $ (207.6 ) $ 1,762.4 Computer software 220.0 (129.1 ) 90.9 Other (1) 332.2 (91.4 ) 240.8 Reported balance $ 2,522.2 $ (428.1 ) $ 2,094.1 June 30, 2019 ($ in millions) Gross Carrying Amount Accumulated Amortization and Impairment Net Carrying Amount Customer relationships $ 2,053.7 $ (144.0 ) $ 1,909.7 Computer software 221.3 (127.0 ) 94.3 Other (1) 350.6 (47.8 ) 302.8 Reported balance $ 2,625.6 $ (318.8 ) $ 2,306.8 (1) Other includes $14.8 million and $14.2 million for December 31, 2019 and June 30, 2019 , respectively, of acquired intellectual property assets not yet being amortized as the related R&D projects have not yet been completed.

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Dec. 31, 2019
Fair Value Disclosures [Abstract]
Schedule of Carrying Value and Estimated Fair Value of Long-term Debt	The carrying values and estimated fair values of long-term debt with fixed interest rates (excluding capital leases) were as follows: December 31, 2019 June 30, 2019 Carrying Value Fair Value Carrying Value Fair Value ($ in millions) (Level 2) (Level 2) Total long-term debt with fixed interest rates (excluding commercial paper and capital leases) $ 2,537.0 $ 2,633.2 $ 2,955.6 $ 3,041.3
Schedule of Fair Value of Instruments Measured on Recurring Basis	The following table summarizes the fair value of these instruments, which are measured at fair value on a recurring basis, by level, within the fair value hierarchy: December 31, 2019 ($ in millions) Level 1 Level 2 Level 3 Total Assets Commodity contracts $ — $ 0.2 $ — $ 0.2 Forward exchange contracts — 5.0 — 5.0 Interest rate swaps — 27.1 — 27.1 Cross currency interest rate swaps — 0.1 — 0.1 Total assets measured at fair value $ — $ 32.4 $ — $ 32.4 Liabilities Contingent purchase consideration liabilities $ — $ — $ 14.2 $ 14.2 Commodity contracts — 1.9 — 1.9 Forward exchange contracts — 13.7 — 13.7 Interest rate swaps — — — — Total liabilities measured at fair value $ — $ 15.6 $ 14.2 $ 29.8 June 30, 2019 ($ in millions) Level 1 Level 2 Level 3 Total Assets Commodity contracts $ — $ — $ — $ — Forward exchange contracts — 5.5 — 5.5 Interest rate swaps — 32.8 — 32.8 Total assets measured at fair value $ — $ 38.3 $ — $ 38.3 Liabilities Contingent purchase consideration liabilities $ — $ — $ 13.6 $ 13.6 Commodity contracts — 4.6 — 4.6 Forward exchange contracts — 9.3 — 9.3 Interest rate swaps — — — — Total liabilities measured at fair value $ — $ 13.9 $ 13.6 $ 27.5

Derivative Instruments (Tables)

Derivative Instruments (Tables)	6 Months Ended
	Dec. 31, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Outstanding Commodity Contracts	At December 31, 2019 and June 30, 2019 , the Company had the following outstanding commodity contracts that were entered into to hedge forecasted purchases: December 31, 2019 June 30, 2019 Commodity Volume Volume Aluminum 31,857 tons 29,342 tons
Schedule of Derivative Liabilities at Fair Value	The following tables provide the location of derivative instruments in the unaudited condensed consolidated balance sheet: ($ in millions) Balance Sheet Location December 31, 2019 June 30, 2019 Assets Derivatives in cash flow hedging relationships: Commodity contracts Other current assets $ 0.2 $ — Forward exchange contracts Other current assets $ 3.0 $ 2.4 Derivatives not designated as hedging instruments: Forward exchange contracts Other current assets 1.9 2.7 Cross currency interest rate swaps Other current assets 0.1 — Total current derivative contracts 5.2 5.1 Derivatives in fair value hedging relationships: Interest rate swaps Other non-current assets 27.1 32.8 Derivatives not designated as hedging instruments: Forward exchange contracts Other non-current assets 0.1 0.4 Total non-current derivative contracts 27.2 33.2 Total derivative asset contracts $ 32.4 $ 38.3 Liabilities Derivatives in cash flow hedging relationships: Commodity contracts Other current liabilities $ 1.9 $ 4.6 Forward exchange contracts Other current liabilities 2.6 1.5 Derivatives not designated as hedging instruments: Forward exchange contracts Other current liabilities 11.0 7.1 Total current derivative contracts 15.5 13.2 Derivatives in cash flow hedging relationships: Forward exchange contracts Other non-current liabilities 0.1 0.3 Derivatives not designated as hedging instruments: Forward exchange contracts Other non-current liabilities — 0.4 Total non-current derivative contracts 0.1 0.7 Total derivative liability contracts $ 15.6 $ 13.9
Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss)	The following tables provide the effects of derivative instruments on AOCI and in the unaudited condensed consolidated statement of income: Location of Gain (Loss) Reclassified from AOCI into Income (Effective Portion) Gain (Loss) Reclassified from AOCI into Income (Effective Portion) Three Months Ended December 31, Six Months Ended December 31, ($ in millions) 2019 2018 2019 2018 Derivatives in cash flow hedging relationships Commodity contracts Cost of sales $ (1.6 ) $ (0.3 ) $ (3.1 ) $ 0.2 Forward exchange contracts Net sales (0.4 ) (0.4 ) (0.8 ) (0.3 ) Forward exchange contracts Cost of sales (0.1 ) (0.5 ) — (0.3 ) Total $ (2.1 ) $ (1.2 ) $ (3.9 ) $ (0.4 )
Schedule of Derivatives Not Designated as Hedging Instruments	Location of Gain (Loss) Recognized in the Unaudited Condensed Consolidated Statement of Income Gain (Loss) Recognized in Income for Derivatives Not Designated as Hedging Instruments Three Months Ended December 31, Six Months Ended December 31, ($ in millions) 2019 2018 2019 2018 Derivatives not designated as hedging instruments Forward exchange contracts Other income, net $ 4.8 $ 1.1 $ (0.3 ) $ 0.5 Cross currency interest rate swaps Other income, net (2.3 ) — 0.1 (0.1 ) Total $ 2.5 $ 1.1 (0.2 ) 0.4
Schedule of Fair Value Hedging Instruments In Condensed Consolidated Statement of Income	Location of Gain (Loss) Recognized in the Unaudited Condensed Consolidated Statement of Income Gain (Loss) Recognized in Income for Derivatives in Fair Value Hedging Relationships Three Months Ended December 31, Six Months Ended December 31, ($ in millions) 2019 2018 2019 2018 Derivatives in fair value hedging relationships Interest rate swaps Interest expense $ (5.7 ) $ 3.9 $ (5.8 ) $ 0.2 Total $ (5.7 ) $ 3.9 $ (5.8 ) $ 0.2

Leases (Tables)

Leases (Tables)	6 Months Ended
	Dec. 31, 2019
Leases [Abstract]
Schedule of Components of Lease Expense, Supplemental Cash Flow Information, Weighted Average Discount Rate and Remaining Lease Term	Supplemental cash flow information related to leases was as follows: Six Months Ended December 31, (in millions) 2019 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 54.4 Lease assets obtained in exchange for new lease obligations: Operating leases $ 47.1 Finance leases $ 0.8 The weighted average remaining lease term and discount rate are as follows: December 31, 2019 Weighted average remaining lease term (in years): Operating leases 10.0 Finance leases 4.0 Weighted average discount rate: Operating Leases 3.9 % Finance leases 10.3 % The components of lease expense were as follows: (in millions) Three Months Ended December 31, Six Months Ended December 31, Statement of Income Location 2019 Operating leases Cost of products sold $ 22.8 $ 45.5 Selling, general and administrative expenses 5.7 11.4 Total lease cost (1) $ 28.5 $ 56.9 (1) Includes short-term leases and variable lease costs, which are immaterial.
Schedule of Supplemental Balance Sheet Information Related to Leases	Supplemental balance sheet information related to leases was as follows: (in millions) Balance Sheet Location December 31, 2019 Assets Operating lease assets Operating lease assets $ 553.3 Finance lease assets (1) Property, plant and equipment, net 2.1 Total lease assets $ 555.4 Liabilities Operating leases: Current operating lease liabilities Other current liabilities $ 84.4 Non-current operating lease liabilities Operating lease liabilities 491.3 Finance leases: Current finance lease liabilities Current portion of long-term debt 1.2 Non-current finance lease liabilities Long-term debt, less current portion 2.8 Total lease liabilities $ 579.7 (1) Finance lease assets are recorded net of accumulated amortization of $8.3 million at December 31, 2019 .
Schedule of Operating and Finance Lease Liabilities Maturity Under New Guidance Topic 842	Maturities of lease liabilities were as follows: (in millions) Operating Leases Finance Leases Remainder of fiscal 2020 $ 52.9 $ 0.9 Fiscal 2021 96.7 1.1 Fiscal 2022 84.8 1.0 Fiscal 2023 72.8 0.8 Fiscal 2024 62.4 0.8 Thereafter 330.7 0.4 Total lease payments 700.3 5.0 Less: imputed interest 124.6 1.0 Present value of lease liabilities $ 575.7 $ 4.0
Schedule of Company's Future Minimum Lease Commitments Under Previous Accounting Guidance Topic 840	The Company’s future minimum lease commitments as of June 30, 2019, under Accounting Standard Codification Topic 840, the predecessor to Topic 842, are as follows: (in millions) Operating Leases Fiscal 2020 $ 97.6 Fiscal 2021 90.4 Fiscal 2022 77.7 Fiscal 2023 67.3 Fiscal 2024 55.9 Thereafter 301.8 Total minimum obligations $ 690.7

Components of Net Periodic Be_2

Components of Net Periodic Benefit Cost (Tables)	6 Months Ended
	Dec. 31, 2019
Retirement Benefits [Abstract]
Schedule of Components of Net Benefit Costs	Net periodic benefit cost for benefit plans include the following components: Three Months Ended December 31, Six Months Ended December 31, ($ in millions) 2019 2018 2019 2018 Service cost $ 6.2 $ 3.9 $ 12.4 $ 7.8 Interest cost 12.3 6.7 24.6 13.4 Expected return on plan assets (18.0 ) (8.2 ) (36.0 ) (16.6 ) Amortization of net loss 1.5 1.0 3.0 2.0 Amortization of prior service credit (0.4 ) (0.5 ) (0.8 ) (1.0 ) Curtailment credit — (0.3 ) — (0.3 ) Net periodic benefit cost $ 1.6 $ 2.6 $ 3.2 $ 5.3

Shareholders' Equity (Tables)

Shareholders' Equity (Tables)	6 Months Ended
	Dec. 31, 2019
Equity [Abstract]
Schedule of Changes in Ordinary and Treasury Shares	The changes in ordinary and treasury shares during the six months ended December 31, 2019 and 2018 were as follows: Ordinary Shares Treasury Shares (shares and $ in millions) Number of Shares Amount Number of Shares Amount Balance as of June 30, 2018 1,158.1 $ — 0.9 $ (10.7 ) Options exercised and shares vested (3.1 ) 31.8 Settlement of forward contracts to purchase own equity to meet share base incentive plans, net of tax 2.5 (25.1 ) Purchase of treasury shares 2.1 (21.2 ) Issuance of treasury shares under dividend reinvestment plan (1.3 ) 13.0 Balance as of December 31, 2018 1,158.1 $ — 1.1 $ (12.2 ) Balance as of June 30, 2019 1,625.9 $ 16.3 1.4 $ (16.1 ) Share buy-back/cancellations (21.9 ) (0.2 ) Options exercised and shares vested (1.4 ) 16.0 Purchase of treasury shares 1.1 (11.3 ) Balance as of December 31, 2019 1,604.0 $ 16.1 1.1 $ (11.4 )
Schedule of Accumulated Other Comprehensive Income (Loss)	The changes in the components of accumulated other comprehensive income (loss) during the six months ended December 31, 2019 and 2018 were as follows: Foreign Currency Translation Net Investment Hedge Pension Effective Derivatives Total Accumulated Other Comprehensive Income (Loss) ($ in millions) (Net of Tax) (Net of Tax) (Net of Tax) (Net of Tax) Balance as of June 30, 2018 $ (669.3 ) $ — $ (30.6 ) $ (8.6 ) $ (708.5 ) Other comprehensive income (loss) before reclassifications 13.6 (14.1 ) (30.7 ) (4.9 ) (36.1 ) Amounts reclassified from accumulated other comprehensive income (loss) — — 0.7 0.4 1.1 Net current period other comprehensive income (loss) 13.6 (14.1 ) (30.0 ) (4.5 ) (35.0 ) Balance as of December 31, 2018 $ (655.7 ) $ (14.1 ) $ (60.6 ) $ (13.1 ) $ (743.5 ) Balance as of June 30, 2019 $ (609.4 ) $ (11.2 ) $ (89.6 ) $ (12.2 ) $ (722.4 ) Other comprehensive income (loss) before reclassifications 8.4 (2.0 ) (0.4 ) (0.1 ) 5.9 Amounts reclassified from accumulated other comprehensive income (loss) 8.8 — 1.9 3.2 13.9 Net current period other comprehensive income (loss) 17.2 (2.0 ) 1.5 3.1 19.8 Balance as of December 31, 2019 $ (592.2 ) $ (13.2 ) $ (88.1 ) $ (9.1 ) $ (702.6 )
Schedule of Reclassifications Out of Accumulated Other Comprehensive Income (Loss)	The following tables provide details of amounts reclassified from accumulated other comprehensive income (loss): Three Months Ended December 31, Six Months Ended December 31, ($ in millions) 2019 2018 2019 2018 Amortization of pension: Amortization of prior service credit $ (0.4 ) $ (0.5 ) $ (0.8 ) $ (1.0 ) Amortization of actuarial loss 1.5 1.0 3.0 2.0 Effect of pension settlement/curtailment — (0.3 ) — (0.3 ) Total before tax effect 1.1 0.2 2.2 0.7 Tax benefit on amounts reclassified into earnings (0.1 ) — (0.3 ) — Total net of tax $ 1.0 $ 0.2 $ 1.9 $ 0.7 (Gains) losses on cash flow hedges: Commodity contracts $ 1.6 $ 0.3 $ 3.1 $ (0.2 ) Forward exchange contracts 0.5 0.9 0.8 0.6 Total before tax effect 2.1 1.2 3.9 0.4 Tax benefit on amounts reclassified into earnings (0.3 ) — (0.7 ) — Total net of tax $ 1.8 $ 1.2 $ 3.2 $ 0.4 (Gains) losses on foreign currency translation: Foreign currency translation adjustment (1) $ — $ — $ 8.8 $ — Total before tax effect — — 8.8 — Tax benefit on amounts reclassified into earnings — — — — Total net of tax $ — $ — $ 8.8 $ — (1) During the first fiscal quarter of 2020, the Company recorded a loss on the sale of the EC Remedy of $8.8 million , which is the result of the reclassification of accumulated foreign currency translation amounts from accumulated other comprehensive income to earnings. Refer to Note 4 , " Discontinued Operations " for more information.

Segments (Tables)

Segments (Tables)	6 Months Ended
	Dec. 31, 2019
Segment Reporting [Abstract]
Schedule of Information About Reportable Segments	The following table presents information about reportable segments: Three Months Ended December 31, Six Months Ended December 31, ($ in millions) 2019 2018 2019 2018 Sales including intersegment sales Flexibles $ 2,414.7 $ 1,608.2 $ 4,845.5 $ 3,142.0 Rigid Packaging 629.2 677.6 1,339.8 1,404.3 Other — — — — Total sales including intersegment sales 3,043.9 2,285.8 6,185.3 4,546.3 Intersegment sales Flexibles 0.8 0.4 1.5 0.7 Rigid Packaging — — — — Other — — — — Total intersegment sales 0.8 0.4 1.5 0.7 Net sales $ 3,043.1 $ 2,285.4 $ 6,183.8 $ 4,545.6 Adjusted EBIT from continuing operations Flexibles $ 329.4 $ 211.4 $ 619.9 $ 368.9 Rigid Packaging 59.5 80.2 130.0 148.5 Other (24.9 ) (9.6 ) (50.9 ) (24.0 ) Adjusted EBIT from continuing operations 364.0 282.0 699.0 493.4 Less: Material restructuring programs (1) (23.4 ) (27.6 ) (40.7 ) (37.7 ) Less: Impairments in equity method investments (2) — (11.4 ) — (13.9 ) Less: Material acquisition costs and other (3) (17.7 ) (29.8 ) (101.2 ) (35.1 ) Less: Amortization of acquired intangible assets from business combinations (4) (40.9 ) (4.7 ) (109.2 ) (9.5 ) Add/(Less): Economic net investment hedging activities not qualifying for hedge accounting (5) — 4.2 — 1.5 Less: Impact of hyperinflation (6) (3.1 ) (9.6 ) (18.5 ) (19.0 ) Add: Net legal settlements (7) — 15.5 — 15.5 EBIT from continuing operations 278.9 218.6 429.4 395.2 Interest income 6.3 5.2 13.0 8.1 Interest expense (52.3 ) (52.1 ) (112.0 ) (108.4 ) Equity in (income) loss of affiliated companies, net of tax (2.2 ) 8.6 (4.5 ) 6.9 Income from continuing operations before income taxes and equity in income (loss) of affiliated companies $ 230.7 $ 180.3 $ 325.9 $ 301.8 (1) Material restructuring programs includes the 2018 Rigid Packaging Restructuring Plan and the 2019 Bemis Integration Plan for the three and six months ended December 31, 2019 . For the three and six months ended December 31, 2018 , material restructuring plans include the 2018 Rigid Packaging Restructuring Plan. Refer to Note 5 , " Restructuring Plans ," for more information about the Company's restructuring plans. (2) Impairments in equity method investments includes the impairment charges related to other-than-temporary impairments related to the investment in AMVIG. (3) Material acquisition costs and other includes $58.0 million amortization of Bemis acquisition related inventory fair value step-up and $43.2 million of Bemis transaction related costs and integration costs not qualifying as exit costs for the six months ended December 31, 2019. (4) Amortization of acquired intangible assets from business combinations includes amortization expenses related to all acquired intangible assets from acquisitions impacting the periods presented, including $26.4 million of sales backlog amortization for the six months ended December 31, 2019 from the Bemis acquisition. (5) Economic net investment hedging activities not qualifying for hedge accounting includes the exchange rate movements on external loans not deemed to be effective net investment hedging instruments resulting from the our conversion to U.S. GAAP from Australian Accounting Standards ("AAS") recognized in other non-operating income (loss), net. (6) Impact of hyperinflation includes the adverse impact of highly inflationary accounting for subsidiaries in Argentina where the functional currency was the Argentine Peso. (7) Net legal settlements includes the impact of significant legal settlements after associated costs.
Schedule of Disaggregation of Revenue by Segments	The following tables disaggregate net sales information by geography in which the Company operates based on manufacturing or selling operation: Three Months Ended December 31, Six Months Ended December 31, ($ in millions) 2019 2018 2019 2018 North America $ 1,361.9 $ 710.6 $ 2,854.8 $ 1,480.6 Latin America 394.9 296.0 783.6 559.3 Europe 904.1 933.0 1,789.6 1,818.2 Asia Pacific 382.2 345.8 755.8 687.5 Net sales $ 3,043.1 $ 2,285.4 $ 6,183.8 $ 4,545.6

Earnings Per Share Computatio_2

Earnings Per Share Computations (Tables)	6 Months Ended
	Dec. 31, 2019
Earnings Per Share [Abstract]
Schedule of Earnings Per Share Computations	Basic EPS is computed by dividing net income available to ordinary shareholders by the weighted-average number of ordinary shares outstanding after excluding the ordinary shares to be repurchased using forward contracts. Diluted EPS includes the effects of share options, restricted shares, performance rights, performance shares and share rights, if dilutive. Three Months Ended December 31, Six Months Ended December 31, (in millions, except per share amounts) 2019 2018 2019 2018 Numerator Net income attributable to Amcor plc $ 185.6 $ 138.6 $ 251.6 $ 237.0 Distributed and undistributed earnings attributable to shares to be repurchased — (0.3 ) (0.1 ) (0.5 ) Net income available to ordinary shareholders of Amcor plc—basic and diluted $ 185.6 $ 138.3 $ 251.5 $ 236.5 Net income available to ordinary shareholders of Amcor plc from continuing operations—basic and diluted $ 185.6 $ 138.3 $ 259.2 $ 236.5 Net income available to ordinary shareholders of Amcor plc from discontinued operations—basic and diluted $ — $ — $ (7.7 ) $ — Denominator Weighted-average ordinary shares outstanding 1,613.7 1,156.6 1,618.6 1,156.5 Weighted-average ordinary shares to be repurchased by Amcor plc (0.3 ) (2.5 ) (0.5 ) (2.5 ) Weighted-average ordinary shares outstanding for EPS—basic 1,613.4 1,154.1 1,618.1 1,154.0 Effect of dilutive shares 2.0 2.5 1.7 3.6 Weighted-average ordinary shares outstanding for EPS—diluted 1,615.4 1,156.6 1,619.8 1,157.6 Per ordinary share income Income from continuing operations $ 0.115 $ 0.120 $ 0.160 $ 0.205 Income from discontinued operations — — (0.005 ) — Basic earnings per ordinary share $ 0.115 $ 0.120 $ 0.155 $ 0.205 Income from continuing operations $ 0.115 $ 0.120 $ 0.160 $ 0.204 Income from discontinued operations — — (0.005 ) — Diluted earnings per ordinary share $ 0.115 $ 0.120 $ 0.155 $ 0.204

Nature of Operations and Basi_2

Nature of Operations and Basis of Presentation (Details)	Dec. 31, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Entity Number of Employees	50,000
Number of Facilities in which Entity Operates	250
Number of Countries in which Entity Operates	40

New Accounting Guidance - Narra

New Accounting Guidance - Narrative (Details) - USD ($) $ in Millions	Dec. 31, 2019	Jul. 01, 2019	Jun. 30, 2019
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Present value of lease liabilities	$ 575.7
Operating lease assets	553.3	$ 569.8	$ 0
Retained earnings	$ 254.4	381.9	$ 323.7
Accounting Standards Update 2016-02
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Present value of lease liabilities		590.5
Operating lease assets		569.8
Retained earnings		$ 58.2

New Accounting Guidance - Leasi

New Accounting Guidance - Leasing Guidance Balance Sheet Impact (Details) - USD ($) $ in Millions	Dec. 31, 2019	Jul. 01, 2019	Jun. 30, 2019
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Operating lease assets	$ 553.3	$ 569.8	$ 0
Other current liabilities	1,020	1,099.2	1,044.9
Operating lease liabilities	491.3	506.8	0
Deferred tax liabilities	726.5	1,030.4	1,011.7
Other non-current liabilities	220	172.8	241
Retained earnings	$ 254.4	381.9	$ 323.7
Accounting Standards Update 2016-02
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Operating lease assets		569.8
Other current liabilities		54.3
Operating lease liabilities		506.8
Deferred tax liabilities		18.7
Other non-current liabilities		(68.2)
Retained earnings		$ 58.2

Acquisitions - Narrative (Detai

Acquisitions - Narrative (Details) $ in Millions	3 Months Ended		6 Months Ended
	Sep. 30, 2019USD ($)	Jun. 30, 2019USD ($)	Dec. 31, 2019USD ($)	Dec. 31, 2018USD ($)
Business Acquisition [Line Items]
Goodwill		$ 5,156	$ 5,246.3
Acquisition and acquisition adjustments			99.8
Proceeds from divestiture			$ 397.1	$ 0.2
Number of Facilities in which Entity Operates			250
Bemis Acquisition
Business Acquisition [Line Items]
Goodwill			$ 3,237.5
Acquisition and acquisition adjustments			99.8
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Property, Plant, and Equipment			162.9
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Intangibles			98.8
Business Acquisition, Percentage of Voting Interests Acquired		100.00%
Share exchange ratio		5.1
U.S. Remedy
Business Acquisition [Line Items]
Proceeds from divestiture		$ 214.2
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal		$ 159.1
Number of Facilities in which Entity Operates		3
EC Remedy
Business Acquisition [Line Items]
Proceeds from divestiture	$ 397.1
Discontinued Operation, Gain (Loss) on Disposal of Discontinued Operation, Net of Tax	$ (8.8)
Deferred tax liabilities | Bemis Acquisition
Business Acquisition [Line Items]
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Financial Liabilities			$ 154.3

Acquisitions - Bemis Fair Value

Acquisitions - Bemis Fair Value Consideration (Details) - Bemis Acquisition $ / shares in Units, shares in Millions, $ in Millions	12 Months Ended
	Jun. 30, 2019USD ($)$ / sharesshares
Business Acquisition [Line Items]
Bemis shares outstanding at June 11, 2019 (in millions) | shares	91.7
Share exchange ratio	5.1
Price per share (based on Amcor’s closing share price on June 11, 2019) | $ / shares	$ 11.18
Total equity consideration ($ in millions) | $	$ 5,229.6

Acquisitions - Bemis Identifiab

Acquisitions - Bemis Identifiable Net Assets Acquired (Details) - USD ($) $ in Millions	Dec. 31, 2019	Jul. 01, 2019	Jun. 30, 2019	Dec. 31, 2018	Jun. 30, 2018
Business Acquisition [Line Items]
Cash and cash equivalents	$ 673.8		$ 601.6	$ 490.7	$ 620.8
Trade receivables, net	1,669.1		1,864.3
Prepaid expenses and other current assets	452.9		374.3
Assets held for sale	0		416.1
Deferred tax assets	159.4		190.9
Other non-current assets	197		187.1
Assets	16,832.6		17,165
Current portion of long-term debt	4.2		5.4
Short-term debt	353		788.8
Trade payables	2,075.8		2,303.4
Accrued employee costs	314.4		378.4
Other current liabilities	1,020	$ 1,099.2	1,044.9
Liabilities held for sale	0		20.9
Long-term debt, less current portion	5,853.5		5,309
Deferred tax liabilities	726.5	1,030.4	1,011.7
Employee benefit obligations	371		386.8
Other non-current liabilities	220	$ 172.8	241
Liabilities	11,429.7		11,490.3
Goodwill	5,246.3		$ 5,156
Bemis Acquisition
Business Acquisition [Line Items]
Cash and cash equivalents	3.3
Trade receivables, net	436
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Inventory	679.6
Prepaid expenses and other current assets	83.3
Assets held for sale	464.2
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment	1,227.8
Deferred tax assets	35.5
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles	1,931.4
Other non-current assets	34.5
Assets	4,895.6
Current portion of long-term debt	1.7
Short-term debt	8.6
Trade payables	287.7
Accrued employee costs	161.1
Other current liabilities	283
Liabilities held for sale	21.9
Long-term debt, less current portion	1,365.3
Deferred tax liabilities	628.3
Employee benefit obligations	62.6
Other non-current liabilities	83.3
Liabilities	2,903.5
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net	1,992.1
Goodwill	3,237.5
Business Combination, Consideration Transferred	$ 5,229.6

Acquisitions - Bemis Intangible

Acquisitions - Bemis Intangible Assets Acquired (Details) - Bemis Acquisition $ in Millions	3 Months Ended
	Dec. 31, 2019USD ($)
Acquired Finite-Lived Intangible Assets [Line Items]
Finite-lived Intangible Assets Acquired	$ 1,931.4
Customer relationships
Acquired Finite-Lived Intangible Assets [Line Items]
Finite-lived Intangible Assets Acquired	$ 1,650
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	15 years
Technology
Acquired Finite-Lived Intangible Assets [Line Items]
Finite-lived Intangible Assets Acquired	$ 110
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	7 years
Other
Acquired Finite-Lived Intangible Assets [Line Items]
Finite-lived Intangible Assets Acquired	$ 171.4
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	7 years

Discontinued Operations - Narra

Discontinued Operations - Narrative (Details) $ in Millions	3 Months Ended
	Sep. 30, 2019USD ($)
EC Remedy
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Discontinued Operation, Gain (Loss) on Disposal of Discontinued Operation, Net of Tax	$ (8.8)

Discontinued Operations Summary

Discontinued Operations Summary of Discontinued Operations (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2019	Dec. 31, 2018
Income (loss) from discontinued operations	$ 0		$ (7.1)
Tax expense on discontinued operations	0		0.6
Income (loss) from discontinued operations, net of tax	0	$ 0	(7.7)	$ 0
Discontinued Operations
Net sales	$ 0		$ 15.8

Restructuring Plans - Narrative

Restructuring Plans - Narrative (Details) - USD ($) $ in Millions	3 Months Ended			6 Months Ended			7 Months Ended	12 Months Ended	16 Months Ended
	Dec. 31, 2019	Sep. 30, 2019	Dec. 31, 2018	Jun. 30, 2020	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2019	Jun. 30, 2019	Dec. 31, 2019
Restructuring Cost and Reserve [Line Items]
Cash paid					$ 36.9
Restructuring Charges	$ 24.1	$ 17.6						$ 130.8	$ 172.5
2019 Bemis Integration Plan
Restructuring Cost and Reserve [Line Items]
Restructuring Related Costs	1.5	3.6						1.8
Anticipated Business Combination Savings	180
Restructuring Costs							$ 200
Cash paid					44.7		150
Restructuring Charges	20.8	13.9						47.9	82.6
2018 Rigid Packaging Restructuring Plan
Restructuring Cost and Reserve [Line Items]
Restructuring Costs									95
Cash paid					6.5				65
Restructuring Charges	2.6	3.4						64.1	70.1
Other Restructuring Plans
Restructuring Cost and Reserve [Line Items]
Restructuring Charges	$ 0.7	$ 0.3	$ 12.3		1	$ 14.7		$ 18.8	$ 19.8
Subsequent Event | Minimum | 2019 Bemis Integration Plan
Restructuring Cost and Reserve [Line Items]
Cash paid				$ 50
Subsequent Event | Minimum | 2018 Rigid Packaging Restructuring Plan
Restructuring Cost and Reserve [Line Items]
Cash paid				10
Subsequent Event | Maximum | 2019 Bemis Integration Plan
Restructuring Cost and Reserve [Line Items]
Cash paid				60
Subsequent Event | Maximum | 2018 Rigid Packaging Restructuring Plan
Restructuring Cost and Reserve [Line Items]
Cash paid				15
Restructuring and Related Costs | 2019 Bemis Integration Plan
Restructuring Cost and Reserve [Line Items]
Restructuring Costs							165
Cash paid					23.6		115
Restructuring and Related Costs | Subsequent Event | Minimum | 2019 Bemis Integration Plan
Restructuring Cost and Reserve [Line Items]
Cash paid				40
Restructuring and Related Costs | Subsequent Event | Maximum | 2019 Bemis Integration Plan
Restructuring Cost and Reserve [Line Items]
Cash paid				$ 50
Integration Costs | 2019 Bemis Integration Plan
Restructuring Cost and Reserve [Line Items]
Restructuring Costs							35
Employee Costs
Restructuring Cost and Reserve [Line Items]
Cash paid					27.9
Employee Costs | 2019 Bemis Integration Plan
Restructuring Cost and Reserve [Line Items]
Restructuring Costs							100
Fixed Asset Related Costs
Restructuring Cost and Reserve [Line Items]
Cash paid					0.2
Fixed Asset Related Costs | 2019 Bemis Integration Plan
Restructuring Cost and Reserve [Line Items]
Restructuring Costs							30
Other Costs
Restructuring Cost and Reserve [Line Items]
Cash paid					$ 8.8
Other Costs | 2019 Bemis Integration Plan
Restructuring Cost and Reserve [Line Items]
Restructuring Costs							15
Restructuring Related | 2019 Bemis Integration Plan
Restructuring Cost and Reserve [Line Items]
Restructuring Costs							$ 20

Restructuring Plans - Restructu

Restructuring Plans - Restructuring Plan Costs (Details) - USD ($) $ in Millions	3 Months Ended			6 Months Ended		12 Months Ended	16 Months Ended
	Dec. 31, 2019	Sep. 30, 2019	Dec. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Jun. 30, 2019	Dec. 31, 2019
Restructuring Cost and Reserve [Line Items]
Restructuring Charges	$ 24.1	$ 17.6				$ 130.8	$ 172.5
2018 Rigid Packaging Restructuring Plan
Restructuring Cost and Reserve [Line Items]
Restructuring Charges	2.6	3.4				64.1	70.1
2019 Bemis Integration Plan
Restructuring Cost and Reserve [Line Items]
Restructuring Charges	20.8	13.9				47.9	82.6
Other Restructuring Plans
Restructuring Cost and Reserve [Line Items]
Restructuring Charges	$ 0.7	$ 0.3	$ 12.3	$ 1	$ 14.7	$ 18.8	$ 19.8

Restructuring Plans - Restruc_2

Restructuring Plans - Restructuring Plan Liability (Details) $ in Millions	6 Months Ended
	Dec. 31, 2019USD ($)
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve	$ 87.6
Net charges to earnings	36.7
Cash paid	36.9
Non-cash and other	(5.2)
Foreign currency translation	(0.6)
Restructuring Reserve	81.6
Fixed Asset Related Costs
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve	6.7
Net charges to earnings	5.4
Cash paid	0.2
Non-cash and other	(5.2)
Foreign currency translation	(0.1)
Restructuring Reserve	6.6
Other Costs
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve	8.4
Net charges to earnings	7.7
Cash paid	8.8
Non-cash and other	0
Foreign currency translation	(0.1)
Restructuring Reserve	7.2
Employee Costs
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve	72.5
Net charges to earnings	23.6
Cash paid	27.9
Non-cash and other	0
Foreign currency translation	(0.4)
Restructuring Reserve	$ 67.8

Inventories, Net (Details)

Inventories, Net (Details) - USD ($) $ in Millions	Dec. 31, 2019	Jun. 30, 2019
Inventory Disclosure [Abstract]
Raw materials and supplies	$ 850.4	$ 864.6
Work in process and finished goods	1,137.6	1,180.9
Less: inventory reserves	(96.2)	(91.7)
Total inventories, net	$ 1,891.8	$ 1,953.8

Goodwill and Other Intangible_3

Goodwill and Other Intangible Assets - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Jun. 30, 2019
Acquired Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 2,522.2		$ 2,522.2		$ 2,625.6
Goodwill, Impaired, Accumulated Impairment Loss					4
Amortization of Intangible Assets	45.6	$ 7.3	119.1	$ 15.4
Intellectual Property
Acquired Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 14.8		$ 14.8		$ 14.2

Goodwill and Other Intangible_4

Goodwill and Other Intangible Assets - Changes in Carrying Amount of Goodwill (Details) $ in Millions	6 Months Ended
	Dec. 31, 2019USD ($)
Goodwill [Line Items]
Goodwill	$ 5,156
Acquisition and acquisition adjustments	99.8
Currency translation	(9.5)
Goodwill	5,246.3
Flexibles Segment
Goodwill [Line Items]
Goodwill	4,180.8
Acquisition and acquisition adjustments	99.8
Currency translation	(9.6)
Goodwill	4,271
Rigid Packaging Segment
Goodwill [Line Items]
Goodwill	975.2
Acquisition and acquisition adjustments	0
Currency translation	0.1
Goodwill	$ 975.3

Goodwill and Other Intangible_5

Goodwill and Other Intangible Assets - Components of Intangible Assets (Details) - USD ($) $ in Millions	Dec. 31, 2019	Jun. 30, 2019
Acquired Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 2,522.2	$ 2,625.6
Accumulated Amortization and Impairment	(428.1)	(318.8)
Net Carrying Amount	2,094.1	2,306.8
Customer relationships
Acquired Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	1,970	2,053.7
Accumulated Amortization and Impairment	(207.6)	(144)
Net Carrying Amount	1,762.4	1,909.7
Computer software
Acquired Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	220	221.3
Accumulated Amortization and Impairment	(129.1)	(127)
Net Carrying Amount	90.9	94.3
Other
Acquired Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	332.2	350.6
Accumulated Amortization and Impairment	(91.4)	(47.8)
Net Carrying Amount	$ 240.8	$ 302.8

Fair Value Measurements - Carry

Fair Value Measurements - Carrying Value and Fair Value of Long-Term Debt (Details) - USD ($) $ in Millions	Dec. 31, 2019	Jun. 30, 2019
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total long-term debt with fixed interest rates (excluding commercial paper and capital leases)	$ 2,537	$ 2,955.6
Level 2
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total long-term debt with fixed interest rates (excluding commercial paper and capital leases)	$ 2,633.2	$ 3,041.3

Fair Value Measurements - Asset

Fair Value Measurements - Assets and Liabilities Measured at Fair Value on a Recurring Basis (Details) - USD ($) $ in Millions	Dec. 31, 2019	Jun. 30, 2019
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset	$ 32.4	$ 38.3
Derivative liabilities	15.6	13.9
Level 1 | Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset	0	0
Contingent purchase consideration liabilities	0	0
Derivative liabilities	0	0
Level 2 | Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset	32.4	38.3
Contingent purchase consideration liabilities	0	0
Derivative liabilities	15.6	13.9
Level 3 | Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset	0	0
Contingent purchase consideration liabilities	14.2	13.6
Derivative liabilities	14.2	13.6
Total | Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset	32.4	38.3
Contingent purchase consideration liabilities	14.2	13.6
Derivative liabilities	29.8	27.5
Commodity contracts | Level 1 | Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset	0	0
Derivative liabilities	0	0
Commodity contracts | Level 2 | Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset	0.2	0
Derivative liabilities	1.9	4.6
Commodity contracts | Level 3 | Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset	0	0
Derivative liabilities	0	0
Commodity contracts | Total | Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset	0.2	0
Derivative liabilities	1.9	4.6
Forward exchange contracts | Level 1 | Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset	0	0
Derivative liabilities	0	0
Forward exchange contracts | Level 2 | Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset	5	5.5
Derivative liabilities	13.7	9.3
Forward exchange contracts | Level 3 | Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset	0	0
Derivative liabilities	0	0
Forward exchange contracts | Total | Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset	5	5.5
Derivative liabilities	13.7	9.3
Interest rate swaps | Level 1 | Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset	0	0
Derivative liabilities	0	0
Interest rate swaps | Level 2 | Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset	27.1	32.8
Derivative liabilities	0	0
Interest rate swaps | Level 3 | Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset	0	0
Derivative liabilities	0	0
Interest rate swaps | Total | Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset	27.1	32.8
Derivative liabilities	0	$ 0
Cross currency interest rate swaps | Level 1 | Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset	0
Cross currency interest rate swaps | Level 2 | Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset	0.1
Cross currency interest rate swaps | Level 3 | Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset	0
Cross currency interest rate swaps | Total | Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset	$ 0.1

Derivative Instruments - Narrat

Derivative Instruments - Narrative (Details) - USD ($) $ in Millions	Dec. 31, 2019	Jun. 30, 2019
Cross currency interest rate swaps
Derivative [Line Items]
Derivative, Notional Amount	$ 100
Interest rate swaps
Derivative [Line Items]
Derivative, Notional Amount	836	$ 841.1
Forward exchange contracts
Derivative [Line Items]
Derivative, Notional Amount	$ 1,200	1,000
Net investment hedge
Derivative [Line Items]
Commercial Paper		$ 67

Derivative Instruments - Outsta

Derivative Instruments - Outstanding Commodity Contracts (Details)	Dec. 31, 2019	Jun. 30, 2019
Commodity contracts
Derivative [Line Items]
Aluminum commodity contracts	31,857	29,342

Derivative Instruments - Financ

Derivative Instruments - Financial Statement Location (Details) - USD ($) $ in Millions	Dec. 31, 2019	Jun. 30, 2019
Derivatives, Fair Value [Line Items]
Derivative asset	$ 32.4	$ 38.3
Derivative liabilities	15.6	13.9
Other current assets
Derivatives, Fair Value [Line Items]
Derivative asset	5.2	5.1
Other non-current assets
Derivatives, Fair Value [Line Items]
Derivative asset	27.2	33.2
Other current liabilities
Derivatives, Fair Value [Line Items]
Derivative liabilities	15.5	13.2
Other non-current liabilities
Derivatives, Fair Value [Line Items]
Derivative liabilities	0.1	0.7
Forward exchange contracts | Not designated as hedging instrument | Other current assets
Derivatives, Fair Value [Line Items]
Derivative asset	1.9	2.7
Forward exchange contracts | Not designated as hedging instrument | Other non-current assets
Derivatives, Fair Value [Line Items]
Derivative asset	0.1	0.4
Forward exchange contracts | Not designated as hedging instrument | Other current liabilities
Derivatives, Fair Value [Line Items]
Derivative liabilities	11	7.1
Forward exchange contracts | Not designated as hedging instrument | Other non-current liabilities
Derivatives, Fair Value [Line Items]
Derivative liabilities	0	0.4
Cross currency interest rate swaps | Not designated as hedging instrument | Other current assets
Derivatives, Fair Value [Line Items]
Derivative asset	0.1	0
Cash flow hedging | Commodity contracts | Other current assets
Derivatives, Fair Value [Line Items]
Derivative asset	0.2	0
Cash flow hedging | Commodity contracts | Other current liabilities
Derivatives, Fair Value [Line Items]
Derivative liabilities	1.9	4.6
Cash flow hedging | Forward exchange contracts | Other current assets
Derivatives, Fair Value [Line Items]
Derivative asset	3	2.4
Cash flow hedging | Forward exchange contracts | Other current liabilities
Derivatives, Fair Value [Line Items]
Derivative liabilities	2.6	1.5
Cash flow hedging | Forward exchange contracts | Other non-current liabilities
Derivatives, Fair Value [Line Items]
Derivative liabilities	0.1	0.3
Fair value hedging | Interest rate swaps | Other non-current assets
Derivatives, Fair Value [Line Items]
Derivative asset	$ 27.1	$ 32.8

Derivative Instruments - Effect

Derivative Instruments - Effects of Derivatives on AOCI and Statement of Income (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2019	Dec. 31, 2018
Fair value hedging
Derivative [Line Items]
Gain (Loss) Recognized in Income for Derivatives in Fair Value Hedging Relationships	$ (5.7)	$ 3.9	$ (5.8)	$ 0.2
Fair value hedging | Interest expense | Interest rate swaps
Derivative [Line Items]
Gain (Loss) Recognized in Income for Derivatives in Fair Value Hedging Relationships	(5.7)	3.9	(5.8)	0.2
Cash flow hedging
Derivative [Line Items]
Gain (Loss) Reclassified from AOCI into Income (Effective Portion)	(2.1)	(1.2)	(3.9)	(0.4)
Cash flow hedging | Cost of sales | Commodity contracts
Derivative [Line Items]
Gain (Loss) Reclassified from AOCI into Income (Effective Portion)	(1.6)	(0.3)	(3.1)	0.2
Cash flow hedging | Cost of sales | Forward exchange contracts
Derivative [Line Items]
Gain (Loss) Reclassified from AOCI into Income (Effective Portion)	(0.1)	(0.5)	0	(0.3)
Cash flow hedging | Net sales | Forward exchange contracts
Derivative [Line Items]
Gain (Loss) Reclassified from AOCI into Income (Effective Portion)	(0.4)	(0.4)	(0.8)	(0.3)
Not designated as hedging instrument
Derivative [Line Items]
Gain (Loss) Recognized in Income for Derivatives Not Designated as Hedging Instruments	2.5	1.1	0.2	0.4
Not designated as hedging instrument | Other income, net | Forward exchange contracts
Derivative [Line Items]
Gain (Loss) Recognized in Income for Derivatives Not Designated as Hedging Instruments	4.8	1.1	0.3	0.5
Not designated as hedging instrument | Other income, net | Cross currency interest rate swaps
Derivative [Line Items]
Gain (Loss) Recognized in Income for Derivatives Not Designated as Hedging Instruments	$ 2.3	$ 0	$ 0.1	$ 0.1

Leases - Components of Lease Ex

Leases - Components of Lease Expense (Details) - USD ($) $ in Millions	3 Months Ended	6 Months Ended
	Dec. 31, 2019	Dec. 31, 2019
Lessee, Lease, Description [Line Items]
Operating Lease, Cost	$ 28.5	$ 56.9
Cost of sales
Lessee, Lease, Description [Line Items]
Operating Lease, Cost	22.8	45.5
Selling, General and Administrative Expenses [Member]
Lessee, Lease, Description [Line Items]
Operating Lease, Cost	$ 5.7	$ 11.4

Leases - Supplemental Balance S

Leases - Supplemental Balance Sheet Information (Details) - USD ($) $ in Millions	Dec. 31, 2019	Jul. 01, 2019	Jun. 30, 2019
Leases [Abstract]
Operating lease assets	$ 553.3	$ 569.8	$ 0
Finance lease assets (1)	2.1
Total lease assets	555.4
Current operating lease liabilities	84.4
Operating lease liabilities	491.3	$ 506.8	$ 0
Current finance lease liabilities	1.2
Non-current finance lease liabilities	2.8
Lease Liabilities, Total	579.7
Finance Lease, Right of Use Asset, Accumulated Amortization	$ 8.3

Leases - Supplemental Cash Flow

Leases - Supplemental Cash Flow Information (Details) $ in Millions	6 Months Ended
	Dec. 31, 2019USD ($)
Leases [Abstract]
Operating cash flows from operating leases	$ 54.4
Operating lease assets obtained in exchange for lease obligations	47.1
Finance lease assets obtained in exchange for lease obligations	$ 0.8

Leases - ASC 842 Lease Maturity

Leases - ASC 842 Lease Maturity (Details) $ in Millions	Dec. 31, 2019USD ($)
Operating Leases
Remainder of fiscal 2020	$ 52.9
Fiscal 2021	96.7
Fiscal 2022	84.8
Fiscal 2023	72.8
Fiscal 2024	62.4
Thereafter	330.7
Total lease payments	700.3
Less: imputed interest	124.6
Present value of lease liabilities	575.7
Finance Leases
Remainder of fiscal 2020	0.9
Fiscal 2021	1.1
Fiscal 2022	1
Fiscal 2023	0.8
Fiscal 2024	0.8
Thereafter	0.4
Total lease payments	5
Less: imputed interest	1
Present value of lease liabilities	$ 4

Leases - ASC 840 Lease Maturity

Leases - ASC 840 Lease Maturity (Details) $ in Millions	Jun. 30, 2019USD ($)
Leases [Abstract]
Fiscal 2020	$ 97.6
Fiscal 2021	90.4
Fiscal 2022	77.7
Fiscal 2023	67.3
Fiscal 2024	55.9
Thereafter	301.8
Total minimum obligations	$ 690.7

Leases - Weighted Average Disco

Leases - Weighted Average Discount Rate and Remaining Lease Term (Details)	Dec. 31, 2019
Leases [Abstract]
Operating Lease, Weighted Average Remaining Lease Term	10 years
Finance Lease, Weighted Average Remaining Lease Term	4 years
Operating Lease, Weighted Average Discount Rate, Percent	3.90%
Finance Lease, Weighted Average Discount Rate, Percent	10.30%

Components of Net Periodic Be_3

Components of Net Periodic Benefit Cost (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2019	Dec. 31, 2018
Retirement Benefits [Abstract]
Service cost	$ 6.2	$ 3.9	$ 12.4	$ 7.8
Interest cost	12.3	6.7	24.6	13.4
Expected return on plan assets	(18)	(8.2)	(36)	(16.6)
Amortization of net loss	1.5	1	3	2
Amortization of prior service credit	(0.4)	(0.5)	(0.8)	(1)
Curtailment credit	0	(0.3)	0	(0.3)
Net periodic benefit cost	$ 1.6	$ 2.6	$ 3.2	$ 5.3

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2019	Dec. 31, 2018
Income Tax Disclosure [Abstract]
Income tax expense	$ 45.1	$ 31.1	$ 66.9	$ 52.8
Effective Tax Rate Change, Percent			3.00%
Effective Income Tax Rate Reconciliation, Percent			20.50%	17.50%

Shareholders' Equity - Narrativ

Shareholders' Equity - Narrative (Details) $ in Millions	3 Months Ended
	Sep. 30, 2019USD ($)
EC Remedy
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Discontinued Operation, Gain (Loss) on Disposal of Discontinued Operation, Net of Tax	$ 8.8

Shareholders' Equity - Changes

Shareholders' Equity - Changes in Ordinary and Treasury Shares (Details) - USD ($) shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2019	Dec. 31, 2018
Beginning Balance	$ 5,491.4	$ 516.1	$ 5,674.7	$ 695.4
Settlement of forward contracts to purchase own equity to meet share based incentive plans, net of tax				0
Purchase of treasury shares	(1.1)		(11.3)	(21.2)
Share buy-back/cancellations	(164.3)		(222.6)
Issuance of treasury shares under dividend reinvestment plan		13		13
Ending Balance	5,402.9	626.8	$ 5,402.9	$ 626.8
Ordinary Shares
Beginning Balance			1,625.9	1,158.1
Beginning Balance	16.2	$ 0	$ 16.3	$ 0
Share buy-back/cancellations			(21.9)
Share buy-back/cancellations	$ (0.1)		$ (0.2)
Ending Balance	1,604	1,158.1	1,604	1,158.1
Ending Balance	$ 16.1	$ 0	$ 16.1	$ 0
Treasury Shares
Beginning Balance			1.4	0.9
Beginning Balance	(11.5)	(30.3)	$ (16.1)	$ (10.7)
Options exercised and shares vested			(1.4)	(3.1)
Options exercised and shares vested			$ 16	$ 31.8
Settlement of forward contracts to purchase own equity to meet share base incentive plans, net of tax				2.5
Settlement of forward contracts to purchase own equity to meet share based incentive plans, net of tax				$ (25.1)
Purchase of treasury shares			1.1	2.1
Purchase of treasury shares	$ (1.1)		$ (11.3)	$ (21.2)
Issuance of treasury shares under dividend reinvestment plan				(1.3)
Issuance of treasury shares under dividend reinvestment plan		$ 13		$ 13
Ending Balance	1.1	1.1	1.1	1.1
Ending Balance	$ (11.4)	$ (12.2)	$ (11.4)	$ (12.2)

Shareholders' Equity - Componen

Shareholders' Equity - Components of Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Millions	6 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive income (loss), beginning balance	$ (722.4)
Accumulated other comprehensive income (loss), ending balance	(702.6)
Foreign Currency Translation
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive income (loss), beginning balance	(609.4)	$ (669.3)
Other comprehensive income (loss) before reclassifications	8.4	13.6
Amounts reclassified from accumulated other comprehensive income (loss)	8.8	0
Net current period other comprehensive income (loss)	17.2	13.6
Accumulated other comprehensive income (loss), ending balance	(592.2)	(655.7)
Net Investment Hedge
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive income (loss), beginning balance	(11.2)	0
Other comprehensive income (loss) before reclassifications	(2)	(14.1)
Amounts reclassified from accumulated other comprehensive income (loss)	0	0
Net current period other comprehensive income (loss)	(2)	(14.1)
Accumulated other comprehensive income (loss), ending balance	(13.2)	(14.1)
Pension
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive income (loss), beginning balance	(89.6)	(30.6)
Other comprehensive income (loss) before reclassifications	(0.4)	(30.7)
Amounts reclassified from accumulated other comprehensive income (loss)	1.9	0.7
Net current period other comprehensive income (loss)	1.5	(30)
Accumulated other comprehensive income (loss), ending balance	(88.1)	(60.6)
Effective Derivatives
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive income (loss), beginning balance	(12.2)	(8.6)
Other comprehensive income (loss) before reclassifications	(0.1)	(4.9)
Amounts reclassified from accumulated other comprehensive income (loss)	3.2	0.4
Net current period other comprehensive income (loss)	3.1	(4.5)
Accumulated other comprehensive income (loss), ending balance	(9.1)	(13.1)
Accumulated Other Comprehensive Income (Loss)
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive income (loss), beginning balance	(722.4)	(708.5)
Other comprehensive income (loss) before reclassifications	5.9	(36.1)
Amounts reclassified from accumulated other comprehensive income (loss)	13.9	1.1
Net current period other comprehensive income (loss)	19.8	(35)
Accumulated other comprehensive income (loss), ending balance	$ (702.6)	$ (743.5)

Shareholders' Equity - Amounts

Shareholders' Equity - Amounts Reclassified from Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2019	Dec. 31, 2018
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Cost of Goods and Services Sold	$ 2,425.8	$ 1,832.4	$ 5,019.8	$ 3,701
Total before tax effect	230.7	180.3	325.9	301.8
Tax benefit on amounts reclassified into earnings	(45.1)	(31.1)	(66.9)	(52.8)
Net income attributable to Amcor plc	185.6	138.6	251.6	237
Reclassification out of Accumulated Other Comprehensive Income [Member] | Amortization of prior service credit
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Cost of Goods and Services Sold	(0.4)	(0.5)	(0.8)	(1)
Reclassification out of Accumulated Other Comprehensive Income [Member] | Amortization of actuarial loss
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Cost of Goods and Services Sold	1.5	1	3	2
Reclassification out of Accumulated Other Comprehensive Income [Member] | Effect of pension settlement/curtailment
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Cost of Goods and Services Sold	0	(0.3)	0	(0.3)
Reclassification out of Accumulated Other Comprehensive Income [Member] | Accumulated Defined Benefit Plans Adjustments
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Total before tax effect	1.1	0.2	2.2	0.7
Tax benefit on amounts reclassified into earnings	(0.1)	0	(0.3)	0
Net income attributable to Amcor plc	1	0.2	1.9	0.7
Reclassification out of Accumulated Other Comprehensive Income [Member] | (Gains) losses on cash flow hedges
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Total before tax effect	2.1	1.2	3.9	0.4
Tax benefit on amounts reclassified into earnings	(0.3)	0	(0.7)	0
Net income attributable to Amcor plc	1.8	1.2	3.2	0.4
Reclassification out of Accumulated Other Comprehensive Income [Member] | (Gains) losses on foreign currency translation
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Cost of Goods and Services Sold	0	0	8.8	0
Total before tax effect	0	0	8.8	0
Tax benefit on amounts reclassified into earnings	0	0	0	0
Net income attributable to Amcor plc	0	0	8.8	0
Reclassification out of Accumulated Other Comprehensive Income [Member] | Commodity contracts | (Gains) losses on cash flow hedges
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Cost of Goods and Services Sold	1.6	0.3	3.1	(0.2)
Reclassification out of Accumulated Other Comprehensive Income [Member] | Forward exchange contracts | (Gains) losses on cash flow hedges
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Cost of Goods and Services Sold	$ 0.5	$ 0.9	$ 0.8	$ 0.6

Segments - Narrative (Details)

Segments - Narrative (Details) $ in Millions	6 Months Ended
	Dec. 31, 2019USD ($)segment	Dec. 31, 2018
Segment Reporting Information [Line Items]
Number of Reportable Segments | segment	2
Number of Operating Segments | segment	5
Bemis Acquisition
Segment Reporting Information [Line Items]
Inventory Fair Value Step-Up, Business Combinations	$ 58
Business Combination Transaction Related Costs Not Qualifying as Exit Costs	43.2
Sales Backlog Amortization, Business Combinations	$ 26.4
Revenue Benchmark
Segment Reporting Information [Line Items]
Concentration Risk, Percentage		10.20%

Segments - Reportable Segment S

Segments - Reportable Segment Summary Information (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2019	Dec. 31, 2018
Segment Reporting Information [Line Items]
Net sales	$ 3,043.1	$ 2,285.4	$ 6,183.8	$ 4,545.6
Adjusted EBIT from continuing operations	(364)	(282)	(699)	(493.4)
Material Restructuring Programs	(23.4)	(27.6)	(40.7)	(37.7)
Equity Method Investment, Other than Temporary Impairment	0	(11.4)	0	(13.9)
Material Acquisition Costs and Other	(17.7)	(29.8)	(101.2)	(35.1)
Amortization of Acquired Intangible Assets in Business Combinations	(40.9)	(4.7)	(109.2)	(9.5)
Economic Net Investment Hedging Activities Not Qualifying For Hedge Accounting	0	4.2	0	1.5
Impact of Hyperinflation	(3.1)	(9.6)	(18.5)	(19)
Net Legal Settlements	0	15.5	0	15.5
EBIT From Continuing Operations	278.9	218.6	429.4	395.2
Interest income	6.3	5.2	13	8.1
Interest expense	(52.3)	(52.1)	(112)	(108.4)
Equity in (income) loss of affiliated companies	(2.2)	8.6	(4.5)	6.9
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest	230.7	180.3	325.9	301.8
Flexibles Segment
Segment Reporting Information [Line Items]
Adjusted EBIT from continuing operations	(329.4)	(211.4)	(619.9)	(368.9)
Rigid Packaging Segment
Segment Reporting Information [Line Items]
Adjusted EBIT from continuing operations	(59.5)	(80.2)	(130)	(148.5)
Other Segment
Segment Reporting Information [Line Items]
Adjusted EBIT from continuing operations	(24.9)	(9.6)	(50.9)	(24)
Reportable segments
Segment Reporting Information [Line Items]
Net sales	3,043.9	2,285.8	6,185.3	4,546.3
Reportable segments | Flexibles Segment
Segment Reporting Information [Line Items]
Net sales	2,414.7	1,608.2	4,845.5	3,142
Reportable segments | Rigid Packaging Segment
Segment Reporting Information [Line Items]
Net sales	629.2	677.6	1,339.8	1,404.3
Reportable segments | Other Segment
Segment Reporting Information [Line Items]
Net sales	0	0	0	0
Intersegment eliminations
Segment Reporting Information [Line Items]
Net sales	0.8	0.4	1.5	0.7
Intersegment eliminations | Flexibles Segment
Segment Reporting Information [Line Items]
Net sales	0.8	0.4	1.5	0.7
Intersegment eliminations | Rigid Packaging Segment
Segment Reporting Information [Line Items]
Net sales	0	0	0	0
Intersegment eliminations | Other Segment
Segment Reporting Information [Line Items]
Net sales	$ 0	$ 0	$ 0	$ 0

Segments - Segment Disaggregati

Segments - Segment Disaggregation of Sales (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2019	Dec. 31, 2018
Disaggregation of Revenue [Line Items]
Net sales	$ 3,043.1	$ 2,285.4	$ 6,183.8	$ 4,545.6
North America
Disaggregation of Revenue [Line Items]
Net sales	1,361.9	710.6	2,854.8	1,480.6
Latin America
Disaggregation of Revenue [Line Items]
Net sales	394.9	296	783.6	559.3
Europe
Disaggregation of Revenue [Line Items]
Net sales	904.1	933	1,789.6	1,818.2
Asia Pacific
Disaggregation of Revenue [Line Items]
Net sales	$ 382.2	$ 345.8	$ 755.8	$ 687.5

Earnings Per Share Computatio_3

Earnings Per Share Computations (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2019	Dec. 31, 2018
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Net income attributable to Amcor plc	$ 185.6	$ 138.6	$ 251.6	$ 237
Distributed and undistributed earnings attributable to shares to be repurchased	0	(0.3)	(0.1)	(0.5)
Net income available to ordinary shareholders of Amcor plc—basic and diluted	185.6	138.3	251.5	236.5
Net income available to ordinary shareholders of Amcor plc from continuing operations—basic and diluted	185.6	138.3	259.2	236.5
Net income available to ordinary shareholders of Amcor plc from discontinued operations—basic and diluted	$ 0	$ 0	$ (7.7)	$ 0
Weighted-average ordinary shares outstanding for EPS—basic	1,613.7	1,156.6	1,618.6	1,156.5
Weighted-average ordinary shares to be repurchased by Amcor plc	(0.3)	(2.5)	(0.5)	(2.5)
Effect of dilutive shares	2	2.5	1.7	3.6
Weighted-average ordinary shares outstanding for EPS—diluted	1,615.4	1,156.6	1,619.8	1,157.6
Income from continuing operations	$ 0.115	$ 0.120	$ 0.160	$ 0.205
Income from discontinued operations	0	0	(0.005)	0
Basic earnings per ordinary share	0.115	0.120	0.155	0.205
Income from continuing operations	0.115	0.120	0.160	0.204
Income from discontinued operations	0	0	(0.005)	0
Diluted earnings per ordinary share	$ 0.115	$ 0.120	$ 0.155	$ 0.204
Excluding forward contracts to purchase own shares
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Weighted-average ordinary shares outstanding for EPS—basic	1,613.4	1,154.1	1,618.1	1,154

Earnings Per Share Computatio_4

Earnings Per Share Computations - Narrative (Details) - shares shares in Millions	3 Months Ended		6 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2019	Dec. 31, 2018
Earnings Per Share [Abstract]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	23.4	7.5	20.4	7.5

Contingencies and Legal Proce_2

Contingencies and Legal Proceedings (Details) $ in Millions	3 Months Ended
	Dec. 31, 2019USD ($)	Jun. 30, 2019USD ($)
Commitments and Contingencies Disclosure [Abstract]
Loss Contingency Accrual, Provision	$ 15.9	$ 16.4
Loss Contingency, Estimate of Possible Loss	26.4	$ 23.7
Loss Contingency, Letters of Credit	43.6
Loss Contingency, Cash Deposited	$ 13.5
Number of Shareholders In Lawsuit Notification	2
Number of Lawsuits	2

Subsequent Events (Details)

Subsequent Events (Details) - $ / shares	Feb. 11, 2020	Dec. 31, 2019	Dec. 31, 2019	Dec. 31, 2018
Subsequent Event [Line Items]
Dividends declared, per share		$ 0.115	$ 0.235	$ 0.240
Subsequent Event
Subsequent Event [Line Items]
Dividends declared, per share	$ 0.115