Carpenter Technology (CRS) 10-K 26 Aug 14 2014 FY Annual report Financial data

Document_and_Entity_Informatio

Document and Entity Information (USD $)	12 Months Ended
	Jun. 30, 2014	Aug. 14, 2014	Dec. 31, 2013
Document and Entity Information	'	'	'
Entity Registrant Name	'CARPENTER TECHNOLOGY CORP	'	'
Entity Central Index Key	'0000017843	'	'
Document Type	'10-K	'	'
Document Period End Date	30-Jun-14	'	'
Amendment Flag	'false	'	'
Current Fiscal Year End Date	'--06-30	'	'
Entity Well-known Seasoned Issuer	'Yes	'	'
Entity Voluntary Filers	'No	'	'
Entity Current Reporting Status	'Yes	'	'
Entity Filer Category	'Large Accelerated Filer	'	'
Entity Public Float	'	'	$3,235,541,992
Entity Common Stock, Shares Outstanding	'	53,201,803	'
Document Fiscal Year Focus	'2014	'	'
Document Fiscal Period Focus	'FY	'	'

CONSOLIDATED_STATEMENTS_OF_INC

CONSOLIDATED STATEMENTS OF INCOME (USD $)	12 Months Ended
In Millions, except Per Share data, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2012
CONSOLIDATED STATEMENTS OF INCOME	'	'	'
NET SALES	$2,173	$2,271.70	$2,028.70
Cost of sales	1,774.10	1,838.20	1,637.70
Gross profit	398.9	433.5	391
Selling, general and administrative expenses	186.9	200.8	169.2
Acquisition-related costs	'	'	11.7
Operating income	212	232.7	210.1
Interest expense, net	-17	-21	-23.8
Other income, net	1.4	5.1	2.3
Income before income taxes	196.4	216.8	188.6
Income tax expense	63.6	70.3	67
Net income	132.8	146.5	121.6
Less: net income attributable to noncontrolling interest	'	-0.4	-0.4
NET INCOME ATTRIBUTABLE TO CARPENTER	$132.80	$146.10	$121.20
EARNINGS PER COMMON SHARE:	'	'	'
Basic (in dollars per share)	$2.48	$2.75	$2.55
Diluted (in dollars per share)	$2.47	$2.73	$2.53
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING:	'	'	'
Basic (in shares)	53.3	52.9	47.1
Diluted (in shares)	53.6	53.2	47.5

CONSOLIDATED_STATEMENTS_OF_COM

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (USD $)	12 Months Ended
In Millions, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2012
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)	'	'	'
Net income	$132.80	$146.50	$121.60
Other comprehensive income (loss), net of tax	'	'	'
Pension and post-retirement benefits gain (loss), net of tax of $(22.1), $(48.3), and $78.5, respectively	36.9	80.5	-126.4
Net gain (loss) on derivative instruments, net of tax of $(29.5), $5.3, and $21.6, respectively	49.1	-8.7	-35.4
Unrealized gain (loss) on marketable securities, net of tax of $0.0, $(0.2), and $0.1, respectively	'	0.3	-0.2
Foreign currency translation	4.5	5	-18.6
Other comprehensive income (loss), net of tax	90.5	77.1	-180.6
Comprehensive income (loss), net of tax	223.3	223.6	-59
Less: Comprehensive income (loss) attributable to the noncontrolling interest	'	0.7	-1
Comprehensive income (loss) attributable to Carpenter	$223.30	$222.90	($58)

CONSOLIDATED_STATEMENTS_OF_COM1

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (Parenthetical) (USD $)	12 Months Ended
In Millions, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2012
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)	'	'	'
Pension and post-retirement benefits, tax	($22.10)	($48.30)	$78.50
Net gain (loss) on derivative instruments, tax	-29.5	5.3	21.6
Unrealized gain (loss) on marketable securities, tax	$0	($0.20)	$0.10

CONSOLIDATED_STATEMENTS_OF_CAS

CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	12 Months Ended
In Millions, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2012
OPERATING ACTIVITIES	'	'	'
Net income	$132.80	$146.50	$121.60
Adjustments to reconcile net income to net cash provided from operating activities:	'	'	'
Depreciation and amortization	111.9	104.1	83.8
Deferred income taxes	-9.7	9.4	36.8
Net pension expense	57.9	68.8	42.1
Stock-based compensation expense	11.4	13.1	13.3
Net loss on disposal of property and equipment	1.5	2.2	2
Changes in working capital and other:	'	'	'
Accounts receivable	5.6	12.6	-31.1
Inventories	-37	-14.9	-77.3
Other current assets	-5	11.5	1.6
Accounts payable	16.8	-10.3	-3.9
Accrued liabilities	-21.1	9.9	20.1
Boarhead settlement	'	'	-21.8
Pension contributions	-6.3	-144.9	-30
Other post retirement plan contributions	-13.1	-12.8	-10.8
Other, net	-6.1	-6.7	-0.2
Net cash provided from operating activities	239.6	188.5	146.2
INVESTING ACTIVITIES	'	'	'
Purchases of property, equipment and software	-349.2	-310.2	-157.8
Proceeds from disposals of property and equipment	0.3	1.2	1.2
Acquisition of businesses, net of cash acquired	'	'	-12.9
Capital contributions to equity method investment	'	'	-1.8
Proceeds received from sale of equity method investment	'	7.9	'
Proceeds from sales and maturities of marketable securities	0.3	0.1	30.5
Net cash used for investing activities	-348.6	-301	-140.8
FINANCING ACTIVITIES	'	'	'
Proceeds from issuance of long-term debt, net of discounts and offering costs	'	297	'
Payments on long-term debt assumed in acquisition of business	'	'	-153.7
Payments on long-term debt	'	-101	-100
Dividends paid	-38.5	-38.3	-33.7
Purchase of subsidiary shares from noncontrolling interest	'	-8.4	'
Tax benefits on share-based compensation	2.3	3.9	2.2
Proceeds from stock options exercised	7.1	2.3	1.8
Net cash (used for) provided from financing activities	-29.1	155.5	-283.4
Effect of exchange rate changes on cash and cash equivalents	0.6	3.5	-3.5
DECREASE (INCREASE) IN CASH AND CASH EQUIVALENTS	-137.5	46.5	-281.5
Cash and cash equivalents at beginning of year	257.5	211	492.5
Cash and cash equivalents at end of year	$120	$257.50	$211

CONSOLIDATED_BALANCE_SHEETS

CONSOLIDATED BALANCE SHEETS (USD $)	Jun. 30, 2014	Jun. 30, 2013
In Millions, unless otherwise specified
Current assets:	'	'
Cash and cash equivalents	$120	$257.50
Accounts receivable, net of allowance for doubtful accounts of $3.4 and $4.1 at June 30, 2014 and 2013, respectively	339.6	342
Inventories	699.2	659.2
Deferred income taxes	'	2.7
Other current assets	35.7	20.1
Total current assets	1,194.50	1,281.50
Property, plant and equipment, net	1,407	1,168.40
Goodwill	257.7	257.7
Other intangibles, net	80.6	95
Other assets	117.7	80.3
Total assets	3,057.50	2,882.90
Current liabilities:	'	'
Accounts payable	278.1	252.7
Accrued liabilities	148	168.5
Deferred income taxes	4.5	'
Total current liabilities	430.6	421.2
Long-term debt, net of current portion	604.3	604.2
Accrued pension liabilities	203.4	246.9
Accrued postretirement benefits	163.2	151.2
Deferred income taxes	110.7	73.3
Other liabilities	41	83
Total liabilities	1,553.20	1,579.80
Contingencies and commitments (see Note 11)	'	'
STOCKHOLDERS' EQUITY	'	'
Common stock - authorized 100,000,000 shares; issued 55,161,875 shares at June 30, 2014 and 54,925,335 shares at June 30, 2013; outstanding 53,137,144 shares at June 30, 2014 and 52,773,060 shares at June 30, 2013	275.8	274.6
Capital in excess of par value	263.5	254.4
Reinvested earnings	1,311.60	1,217.30
Common stock in treasury (2,024,731 shares and 2,152,275 shares at June 30, 2014 and 2013, respectively), at cost	-101.4	-107.5
Accumulated other comprehensive loss	-245.2	-335.7
Total equity	1,504.30	1,303.10
Total liabilities and equity	$3,057.50	$2,882.90

CONSOLIDATED_BALANCE_SHEETS_Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) (USD $)	Jun. 30, 2014	Jun. 30, 2013
In Millions, except Share data, unless otherwise specified
CONSOLIDATED BALANCE SHEETS	'	'
Allowance for doubtful accounts (in dollars)	$3.40	$4.10
Common stock, authorized shares	100,000,000	100,000,000
Common stock, issued shares	55,161,875	54,925,335
Common stock, outstanding shares	53,137,144	52,773,060
Common stock in treasury, shares	2,024,731	2,152,275

CONSOLIDATED_STATEMENT_OF_CHAN

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY (USD $)	Total	Common Stock	Capital in Excess of Par Value	Reinvested Earnings	Common Stock in Treasury	Accumulated Other Comprehensive (Loss) Gain	Noncontrolling Interest
In Millions, except Share data, unless otherwise specified
Balances at Jun. 30, 2011	$776	$273.70	$235.40	$1,022.10	($532.20)	($233.30)	$10.30
Balances (in shares) at Jun. 30, 2011	44,107,380	54,730,291	'	'	-10,622,911	'	'
Increase (Decrease) in Stockholders' Equity	'	'	'	'	'	'	'
Net income	121.6	'	'	121.2	'	'	0.4
Pension and post-retirement benefits gain (loss), net of tax	-126.4	'	'	'	'	-126.4	'
Net gain loss on derivative instruments, net of tax	-35.4	'	'	'	'	-35.4	'
Unrealized gain (loss) on marketable securities, net of tax	-0.2	'	'	'	'	-0.2	'
Foreign currency translation	-18.6	'	'	'	'	-17.2	-1.4
Cash Dividends: Common @ $0.72 per share	-33.7	'	'	-33.7	'	'	'
Share-based compensation plans	9.9	'	3.7	'	6.2	'	'
Share-based compensation plans (in shares)	126,143	'	'	'	126,143	'	'
Uncertain tax positions adjustments	0.4	'	0.4	'	'	'	'
Treasury shares issued in connection with acquisition of business	415.6	'	9.6	'	406	'	'
Treasury shares issued in connection with acquisition of business (in shares)	8,100,000	'	'	'	8,100,000	'	'
Stock options exercised	1.8	0.3	1.5	'	'	'	'
Stock options exercised (in shares)	79,444	79,444	'	'	'	'	'
Tax windfall on share-based compensation	2.1	'	2.1	'	'	'	'
Balances at Jun. 30, 2012	1,113.10	274	252.7	1,109.60	-120	-412.5	9.3
Balances (in shares) at Jun. 30, 2012	52,412,967	54,809,735	'	'	-2,396,768	'	'
Increase (Decrease) in Stockholders' Equity	'	'	'	'	'	'	'
Net income	146.5	'	'	146.1	'	'	0.4
Pension and post-retirement benefits gain (loss), net of tax	80.5	'	'	'	'	80.5	'
Net gain loss on derivative instruments, net of tax	-8.7	'	'	'	'	-8.7	'
Purchase of subsidiary shares from noncontrolling interest	-8.4	'	1.6	'	'	'	-10
Unrealized gain (loss) on marketable securities, net of tax	0.3	'	'	'	'	0.3	'
Foreign currency translation	5	'	'	'	'	4.7	0.3
Cash Dividends: Common @ $0.72 per share	-38.3	'	'	-38.3	'	'	'
Share-based compensation plans	7	'	-5.5	'	12.5	'	'
Share-based compensation plans (in shares)	244,493	'	'	'	244,493	'	'
Stock options exercised	2.3	0.6	1.7	'	'	'	'
Stock options exercised (in shares)	115,600	115,600	'	'	'	'	'
Tax windfall on share-based compensation	3.9	'	3.9	'	'	'	'
Other	-0.1	'	'	-0.1	'	'	'
Balances at Jun. 30, 2013	1,303.10	274.6	254.4	1,217.30	-107.5	-335.7	'
Balances (in shares) at Jun. 30, 2013	52,773,060	54,925,335	'	'	-2,152,275	'	'
Increase (Decrease) in Stockholders' Equity	'	'	'	'	'	'	'
Net income	132.8	'	'	132.8	'	'	'
Pension and post-retirement benefits gain (loss), net of tax	36.9	'	'	'	'	36.9	'
Net gain loss on derivative instruments, net of tax	49.1	'	'	'	'	49.1	'
Foreign currency translation	4.5	'	'	'	'	4.5	'
Cash Dividends: Common @ $0.72 per share	-38.5	'	'	-38.5	'	'	'
Share-based compensation plans	7	'	0.9	'	6.1	'	'
Share-based compensation plans (in shares)	127,544	'	'	'	127,544	'	'
Stock options exercised	7.1	1.2	5.9	'	'	'	'
Stock options exercised (in shares)	236,540	236,540	'	'	'	'	'
Tax windfall on share-based compensation	2.3	'	2.3	'	'	'	'
Balances at Jun. 30, 2014	$1,504.30	$275.80	$263.50	$1,311.60	($101.40)	($245.20)	'
Balances (in shares) at Jun. 30, 2014	53,137,144	55,161,875	'	'	-2,024,731	'	'

CONSOLIDATED_STATEMENT_OF_CHAN1

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY (Parenthetical) (USD $)	12 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2012
CONSOLIDATED STATEMENT OF CHANGES IN EQUITY	'	'	'
Cash dividends per common share (in dollars per share)	$0.72	$0.72	$0.72
Common stock, par value (in dollars per share)	$5	$5	$5

Summary_of_Significant_Account

Summary of Significant Accounting Policies	12 Months Ended
	Jun. 30, 2014
Summary of Significant Accounting Policies	'
Summary of Significant Accounting Policies	'
	1.                                      Summary of Significant Accounting Policies
	Basis of Consolidation
	The consolidated financial statements include the accounts of Carpenter and all majority-owned subsidiaries.  All significant intercompany accounts and transactions are eliminated.  Investments in companies in which Carpenter exercises significant influence, but which it does not control (generally a 20 to 50 percent ownership interest), are accounted for on the equity method of accounting and Carpenter’s share of their income or loss is included in other income, net in the consolidated statements of income. In November 2012, the Company dissolved its strategic partnership with Sandvik Materials Technology (“Sandvik”). Prior to the dissolution of the strategic partnership, the Company owned a 40 percent interest in Sandvik Powdermet AB, which the Company accounted for as an equity method investment. In addition, Sandvik owned a 40 percent interest in Carpenter Powder Products AB which has historically been reported as a noncontrolling interest.  Prior to November 2012, the financial results of Carpenter Powder Products AB were consolidated into the Company’s operating results and financial position, with the 40 percent interest of the noncontrolling partner recognized in the consolidated statement of income as net income attributable to noncontrolling interest and as equity attributable to the noncontrolling interest within total equity.
	Revenue Recognition
	Revenue, net of related discounts, rebates, returns and allowances of $28.3 million, $26.4 million and $18.7 million for the years ended June 30, 2014, 2013 and 2012 respectively, is recognized when title and risk of loss has transferred to the customer, collectability is reasonably assured and pricing is fixed and determinable. This generally occurs when products are shipped.
	Freight and Handling Fees and Costs
	Freight and handling costs billed separately to customers are included as part of net sales, and freight and handling costs expensed are included as part of cost of sales on the consolidated statements of income.
	Research and Development
	Research and development expenditures, which amounted to $18.5 million, $19.4 million and $20.5 million in fiscal years 2014, 2013 and 2012, respectively, are expensed as incurred and are generally reported in cost of sales in the consolidated statement of income.  The research and development expenditures consist principally of salaries and benefits, building costs, utilities and administrative expenses.  Substantially all development costs are related to developing new products or designing significant improvements to existing products.
	Cash Equivalents
	Cash equivalents consist of highly liquid instruments with original maturities of three months or less.  Cash equivalents are stated at cost, which approximates market.
	Accounts Receivable
	Trade receivables are carried at original invoice amount less an estimate made for doubtful receivables based on a review of outstanding amounts. Trade credit is extended based upon periodic evaluation of each customer’s ability to perform its obligations. The Company determines accounts receivable allowances based on an aging of accounts and a review of specific accounts identified as collection risks. The Company does not require collateral to secure accounts receivable.
	Inventories
	Inventories are valued at the lower of cost or market.  Cost for inventories is principally determined by the Last-In, First-Out (“LIFO”) method.  Carpenter also uses the First-In, First-Out (“FIFO”) and average cost methods.  As of June 30, 2014 and 2013, $161.2 million and $173.3 million of inventory, respectively, was accounted for using a method other than the LIFO method.
	Property, Plant and Equipment and Depreciation
	Fixed assets are stated at historical cost less accumulated depreciation.  Depreciation for financial reporting purposes is computed by the straight-line method over the estimated useful lives of the assets.  Depreciation for income tax purposes is computed using accelerated methods.  Upon disposal, assets and related depreciation are removed from the accounts and the differences between the net amounts and proceeds from disposal are included in cost of goods sold in the consolidated statement of income.
	Computer Software and Amortization
	Computer software is included in other assets on the consolidated balance sheet, and is amortized for financial reporting purposes on a straight-line basis over the respective estimated useful lives ranging principally from 3 to 7 years. Amortization expense charged to operations related to capitalized software amounted to $6.4 million, $6.8 million and $6.1 million for the years ended June 30, 2014, 2013 and 2012, respectively.
	Goodwill
	Goodwill, representing the excess of the cost over the net tangible and identifiable intangible assets of acquired businesses, is stated at cost. Goodwill is not amortized but instead is annually tested for impairment, or more frequently if events or circumstances indicate that the carrying amount of goodwill may be impaired.  Potential impairment is identified by comparing the fair value of a reporting unit to its carrying value, including goodwill.  The fair value is estimated using discounted cash flow and the use of market multiples valuation techniques. These valuation techniques require the use of estimates and assumptions related to projected operating results, capital expenditures and working capital levels as well as the cost of capital. If the carrying value of the reporting unit exceeds its fair value, any impairment loss is measured by comparing the carrying value of the reporting unit’s goodwill to its implied fair value.
	Intangible assets
	The costs of intangible assets, consisting principally of trademarks, trade names, non-compete arrangements, contracts and customer relationships are amortized on a straight-line basis over the estimated useful lives ranging from 2.5 to 30 years.
	Impairment of Long-Lived Assets
	Long-lived assets, including property, plant and equipment and intangible assets subject to amortization are reviewed for impairment and written down to fair value whenever events or changes in circumstances indicate that the carrying value may not be recoverable through future undiscounted cash flows.  The amount of the impairment loss is the excess of the carrying amount of the impaired assets over the fair value of the assets based upon discounted future cash flows.
	Environmental Expenditures
	Environmental expenditures that pertain to current operations or to future revenues are expensed or capitalized consistent with Carpenter’s capitalization policy for property, plant and equipment.  Expenditures that result from the remediation of an existing condition caused by past operations and that do not contribute to current or future revenues are expensed.  Liabilities are recognized for remedial activities when the remediation is probable and the cost can be reasonably estimated.  Recoveries of expenditures for environmental remediation are recognized as assets only when recovery is deemed probable.  Most estimated liabilities are not discounted to present value, but estimated assets are measured on a discounted basis.  For one former operating facility site, due to the routine nature of the expected costs, the liability for future costs is discounted to present value over 20 years.
	Derivative Financial Instruments
	All derivative financial instruments are recorded on the balance sheet at their fair value and changes in fair value are recorded each period in current earnings or other comprehensive income.  Carpenter enters into derivative financial instruments to hedge certain anticipated transactions, firm commitments or assets and liabilities denominated in foreign currencies.  The Company has utilized interest rate swaps to convert fixed rate debt to floating rate.
	Foreign Currency Translation
	Assets and liabilities of most international operations are translated into U.S. dollars at exchange rates in effect at year-end, and their income statements are translated at the average monthly exchange rates prevailing during the year.  The resulting translation gains and losses are recorded each period as a component of accumulated other comprehensive income until the international entity is sold or liquidated. Gains and losses from transactions denominated in foreign currencies are reported in other income, net in the consolidated statement of income.
	Income Taxes
	Deferred income taxes are recognized by applying enacted statutory tax rates, applicable to future years, to temporary differences between the tax bases and financial statement carrying values of Carpenter’s assets and liabilities.  Valuation allowances are recorded to reduce deferred tax assets to amounts that are more likely than not to be realized.
	Significant judgments, estimates and assumptions are required in determining tax return reporting positions and in calculating provisions for income tax, which are based on interpretations of tax regulations and accounting pronouncements. Liabilities are established for uncertain tax positions when it is more likely than not that such positions, if challenged would not be sustained upon review by taxing authorities. These liabilities are re-evaluated as tax regulations and facts and circumstances change, such as the closing of a tax audit or the expiration of the statute of limitations for a specific exposure.
	Earnings per Share
	The Company calculates basic and diluted earnings per share using the two class method.  Under the two class method, earnings are allocated to common stock and participating securities (restricted stock units that receive non-forfeitable dividends) according to their participation rights in dividends and undistributed earnings.  The earnings available to each class of stock are divided by the weighted average number of shares for the period in each class.  Diluted earnings per share assume the issuance of common stock for all potentially dilutive share equivalents outstanding.
	Concentration of Credit Risk
	Financial instruments that are potentially subject to concentrations of credit risk consist primarily of cash and cash equivalents, investments in marketable securities and trade receivables. Investment and cash management policies have been implemented that limit deposit concentrations and limit investments to investment grade securities. The risk with respect to trade receivables is mitigated by monitoring payment terms and periodic credit evaluations we perform on our customers, the short duration of our payment terms and by the diversification of our customer base. During fiscal years 2014, 2013 and 2012, no customer accounted for 10 percent or more of total net sales.
	Use of Estimates
	The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period.  Actual results could differ from those estimates.
	Reclassifications
	Certain amounts in the consolidated financial statements and notes to consolidated financial statements for prior years have been reclassified to conform to the fiscal year 2014 presentation.

Revision_to_Statements_of_Cash

Revision to Statements of Cash Flows	12 Months Ended
	Jun. 30, 2014
Revision to Statements of Cash Flows	'
Revision to Statements of Cash Flows	'
	2.                                      Revision to Statements of Cash Flows
	During fiscal year 2014, the Company identified an error in the classification of amounts in previously reported statements of cash flows. The classification error is related to the reporting of purchases of property, equipment and software that should be adjusted for amounts not yet paid in cash as of the balance sheet date, which were previously incorrectly reflected as cash used in investing activities and cash provided from operating activities. The Company assessed the materiality of this classification error and determined that the classification error is not material to any previously reported financial statements. The revision of prior reported amounts has no impact on the reported change in cash and cash equivalents or amounts reported in the consolidated balance sheets, statements of income, statements of comprehensive income or statements of changes in equity.  The effects of the revisions to the statements of cash flows for the years ended June 30, 2013 and 2012 are presented in the following table:
	June 30, 2013
	($ in millions)	As Reported			Revision Impact			As Revised
	Net cash provided from (used for) operating activities	$	215.2		$	(26.7	)	$	188.5
	Net cash (used for) provided from investing activities	(327.7		)	26.7			(301.0		)
	Net cash provided from financing activities	155.5			—			155.5
	Effect of exchange rate changes on cash and cash equivalents	3.5			—			3.5
	Increase in cash and cash equivalents	$	46.5		$	—		$	46.5
	June 30, 2012
	($ in millions)	As Reported			Revision Impact			As Revised
	Net cash provided from (used for) operating activities	$	160.3		$	(14.1	)	$	146.2
	Net cash (used for) provided from investing activities	(154.9		)	14.1			(140.8		)
	Net cash used for financing activities	(283.4		)	—			(283.4		)
	Effect of exchange rate changes on cash and cash equivalents	(3.5		)	—			(3.5		)
	Decrease in cash and cash equivalents	$	(281.5	)	$	—		$	(281.5	)

Acquisition

Acquisition	12 Months Ended
	Jun. 30, 2014
Acquisition	'
Acquisition	'
	3.                                      Acquisition
	Latrobe Specialty Metals, Inc.
	On February 29, 2012, the Company completed its acquisition of Latrobe Specialty Metals, Inc. (“Latrobe”) for a total purchase price of $427.0 million, net of cash acquired (the “Latrobe Acquisition”). The purchase price included the issuance of 8.1 million shares of the Company’s common stock to former Latrobe stockholders in exchange for their Latrobe capital stock and $11.5 million of cash paid at closing, net of cash acquired of $2.5 million, to satisfy certain costs of the sellers. The fair value of the shares issued as part of the consideration paid for Latrobe was determined based on the closing market price of the Company’s shares on the acquisition date. The Company also assumed $153.7 million of indebtedness which was paid off in cash concurrently with the closing of the acquisition.
	Latrobe manufactures and distributes high-performance specialty metals serving customers across end-use markets including the aerospace and defense, energy and industrial markets. The manufacturing operations of Latrobe are based principally in Latrobe, Pennsylvania.
	The following is a summary of the purchase price allocation in connection with the Latrobe Acquisition.
	($ in millions)	Purchase
		Price
		Allocation
	Accounts receivable	$	67
	Inventory	242.6
	Property, plant and equipment	172.4
	Intangible assets	87.1
	Other	9.8
	Accounts Payable and accrued liabilities	(64.1		)
	Long-term debt	(153.7		)
	Pension and other postretirement liabilities	(100.8		)
	Deferred income taxes	(45.0		)
	Total identifiable net assets	215.3
	Goodwill	211.7
	Total purchase price, net of cash acquired	$	427
	The goodwill recognized in connection with the Latrobe Acquisition consists of the value associated with the immediate increase in the Company’s premium melt capacity to meet strong customer demand, improvements in the Company’s position in attractive end-use markets such as aerospace and defense and energy, the complementary asset capabilities which the Company expects will lead to enriched, higher margin product mix and operating cost synergies as well as the capabilities for commercialization of new Carpenter products under development. None of the goodwill recognized is deductible for income tax purposes.
	In connection with the Latrobe Acquisition, the Company incurred approximately $11.7 million of acquisition-related costs during the fiscal year ended June 30, 2012. These costs are included in the consolidated statements of income and represent incremental legal, accounting and investment banking fees incurred in connection with the transaction as well as approximately $5.2 million of liability for costs associated with the sale of certain Latrobe assets necessary to obtain approval for the transaction from the Federal Trade Commission (“FTC”). As part of the FTC approval, the Company entered into a consent decree to transfer assets and technical knowledge to Eramet S.A. and its subsidiaries, Aubert & Duval and Brown Europe, which will allow them to become a second manufacturer of two specific alloys in order to provide customers with a supply alternative in the marketplace.
	The consolidated net sales for the fiscal year ended June 30, 2012 includes approximately $163.2 million of net sales related to the Latrobe business since the Latrobe Acquisition.  The Company’s operating income for the fiscal year ended June 30, 2012 includes approximately $10.5 million related to the operations of the Latrobe business since the Latrobe Acquisition, net of approximately $11.6 million recorded in connection with the fair value cost inventory adjustments.
	The unaudited pro forma results presented below include the effects of the Latrobe Acquisition as if it had occurred as of July 1, 2010. The unaudited pro forma results reflect certain adjustments related to the acquisition, such as the depreciation and amortization associated with estimates for the fair value of the property and equipment and acquired intangible assets and the impacts of the elimination of Latrobe debt that was repaid at closing. The supplemental proforma earnings were adjusted to exclude acquisition related costs in the fiscal year 2012 period.
	($ in millions, except per share data)			Year Ended
				June 30,
				2012
	Revenue			$	2,339.60
	Earnings			$	160.1
	Earnings per Common Share
	Basic			$	3.04
	Diluted			$	3.01
	The pro forma results do not include any anticipated synergies or other expected benefits of the acquisition.  Accordingly, the unaudited pro forma financial information above is not necessarily indicative of either future results of operations or results that might have been achieved had the acquisition been completed on the dates indicated.
	Arwin Machining Plus, Ltd.
	On December 15, 2011, the Company acquired substantially all of the assets of Arwin Machining Plus, Ltd. (“Arwin”) for a cash purchase price of $1.4 million.  The Arwin assets, consisting principally of machinery and equipment, have been integrated into the Canadian operations of Amega West Services (“Amega West”), a wholly owned subsidiary of the Company.  The Company believes the acquisition enhances Amega West’s machining capabilities by adding the expertise and positions necessary to increase responsiveness to customers and to assist with the development of new directional drilling applications. The purchase price was allocated $0.7 million to machinery and equipment and $0.7 million to goodwill, most of which is deductible for tax purposes.

Earnings_per_Common_Share

Earnings per Common Share	12 Months Ended
	Jun. 30, 2014
Earnings per Common Share	'
Earnings per Common Share	'
	4.                                      Earnings per Common Share
	The calculations of basic and diluted earnings from continuing operations per common share for the years ended June 30, 2014, 2013 and 2012 were as follows:
		Years Ended June 30,
	($ in millions, except per share data)	2014			2013			2012
	Net income attributable to Carpenter	$	132.8		$	146.1		$	121.2
	Less: earnings and dividends allocated to participating securities	(0.4		)	(0.8		)	(1.1		)
	Earnings available for Carpenter common shareholders used in calculation of basic earnings per share	$	132.4		$	145.3		$	120.1
	Weighted average number of common shares outstanding, basic	53.3			52.9			47.1
	Basic earnings per common share	$	2.48		$	2.75		$	2.55
	Net income attributable to Carpenter	$	132.8		$	146.1		$	121.2
	Less: earnings and dividends allocated to participating securities	(0.4		)	(0.8		)	(1.1		)
	Earnings available for Carpenter common shareholders used in calculation of diluted earnings per share	$	132.4		$	145.3		$	120.1
	Weighted average number of common shares outstanding, basic	53.3			52.9			47.1
	Effect of shares issuable under share-based compensation plans	0.3			0.3			0.4
	Weighted average number of common shares outstanding, diluted	53.6			53.2			47.5
	Diluted earnings per common share	$	2.47		$	2.73		$	2.53
	The following awards issued under share-based compensation plans were excluded from the calculations of diluted earnings per share above because their effects were anti-dilutive:
		Years Ended June 30,
	(in millions)	2014		2013		2012
	Stock options	0.1		0.4		—

Inventories

Inventories	12 Months Ended
	Jun. 30, 2014
Inventories	'
Inventories	'
	5.                                      Inventories
		June 30,
	($ in millions)	2014		2013
	Raw materials and supplies	$	122.3	$	111.6
	Work in process	393.9		325.9
	Finished and purchased products	183		221.7
	Total inventory	$	699.2	$	659.2
	If the first-in, first-out method of inventory had been used instead of the LIFO method, inventories would have been $195.7 million and $222.4 million higher as of June 30, 2014 and 2013, respectively.  Current cost of LIFO-valued inventories was $733.7 million at June 30, 2014 and $708.3 million at June 30, 2013.  The reductions in LIFO-valued inventories decreased cost of sales by $0.0 million during fiscal year 2014, $2.1 million during fiscal year 2013, and $0.0 million during fiscal year 2012.

Property_Plant_and_Equipment

Property, Plant and Equipment	12 Months Ended
	Jun. 30, 2014
Property, Plant and Equipment	'
Property, Plant and Equipment	'
	6.                                      Property, Plant and Equipment
		June 30,
	($ in millions)	2014		2013
	Land	$	27.1	$	20.9
	Buildings and building equipment	451.3		326.4
	Machinery and equipment	1,956.10		1,555.70
	Construction in progress	79.1		292.1
	Total at cost	2,513.60		2,195.10
	Less: accumulated depreciation and amortization	1,106.60		1,026.70
	Total property, plant, and equipment	$	1,407.00	$	1,168.40
	The estimated useful lives of depreciable assets are as follows:
	Asset Category	Useful Life
		(in Years)
	Buildings and building equipment	10 – 45
	Machinery and equipment	3 – 30
	Depreciation for the years ended June 30, 2014, 2013 and 2012 was $93.3 million, $85.1 million and $71.5 million, respectively.

Goodwill_and_Other_Intangible_

Goodwill and Other Intangible Assets, Net	12 Months Ended
	Jun. 30, 2014
Goodwill and Other Intangible Assets, Net	'
Goodwill and Other Intangible Assets, Net	'
	7.                                      Goodwill and Other Intangible Assets, Net
	Goodwill
	Historically, the Company has conducted its annual goodwill impairment test as of June 30 for its reporting units, other than the reporting units acquired in connection with the Latrobe Acquisition (Latrobe Manufacturing, Latrobe Distribution and Specialty Steel Supply (“SSS”), which were tested for impairment annually as of February 28. In the fourth quarter of fiscal year 2014, the Company changed the annual impairment testing date for the Latrobe Distribution and SSS reporting units to June 30, which was considered a change in accounting principle. The change to the goodwill impairment testing date is preferable. The change in accounting principle did not accelerate, delay or cause a goodwill impairment charge. In addition, to reflect the continued integration of the Latrobe Manufacturing operations into the Company’s SAO segment the discrete financial information at the Latrobe Manufacturing level ceased to be available during the fourth quarter of fiscal year 2014; therefore, effective April 1, 2014, the SAO segment is the reporting unit for goodwill impairment testing purposes. The Company performed a goodwill impairment test for the SAO segment at June 30, 2014. As a result of the change in the annual impairment testing date, goodwill was also tested for impairment at the Latrobe Distribution and SSS reporting units at June 30, 2014. As a result of the impairment testing completed as of June 30, 2014 and February 28, 2014, the Company has determined that there was no goodwill impairment.
	The changes in the carrying amount of goodwill by reportable segment for fiscal years 2014 and 2013 were as follows:
	($ in millions)	June 30,			Other			June 30,			Other			June 30,
		2012						2013						2014
	Goodwill	$	295.2		$	(2.8	)	$	292.4		$	—		$	292.4
	Accumulated impairment losses	(34.7		)	—			(34.7		)	—			(34.7		)
	Total goodwill	$	260.5		$	(2.8	)	$	257.7		$	—		$	257.7
	Specialty Alloys Operations	$	202.9		$	(7.4	)	$	195.5		$	—		$	195.5
	Performance Engineered Products	57.6			4.6			62.2			—			62.2
	Total goodwill	$	260.5		$	(2.8	)	$	257.7		$	—		$	257.7
	The amounts included in “other” in the above table represent adjustments to amounts recorded in goodwill associated with the fiscal year 2012 Latrobe acquisition to reflect the final purchase price allocation that was completed during fiscal year 2013.
	Other Intangible Assets, Net
				June 30, 2014									June 30, 2013
	($ in millions)	Useful Life		Gross			Accumulated			Net Carrying			Gross			Accumulated			Net Carrying
		(in Years)		Carrying			Amortization			Amount			Carrying			Amortization			Amount
				Amount									Amount
	Trademarks and trade names	2.5 - 30		$	42		$	(27.2	)	$	14.8		$	42		$	(22.1	)	$	19.9
	Customer relationships	15-May		78.2			(15.2		)	63			78.2			(9.4		)	68.8
	Non-compete agreements	6.5		5.4			(2.9		)	2.5			5.4			(2.1		)	3.3
	Contracts	2.9		1.5			(1.2		)	0.3			3.7			(0.7		)	3
	Total			$	127.1		$	(46.5	)	$	80.6		$	129.3		$	(34.3	)	$	95
	Carpenter recorded $12.2 million of amortization expense related to intangible assets during fiscal year 2014, $12.2 million during fiscal year 2013 and $6.2 million during fiscal year 2012. The estimated annual amortization expense related to intangible assets for each of the succeeding five fiscal years is $8.8 million in fiscal year 2015, $7.4 million in fiscal year 2016, $6.8 million in fiscal year 2017, $6.0 million in fiscal year 2018 and $6.0 million in fiscal year 2019.

Debt

Debt	12 Months Ended
	Jun. 30, 2014
Debt	'
Debt	'
	8.                                      Debt
	On February 26, 2013, the Company completed an offering and sale of $300 million in aggregate principal amount of its 4.45% Senior Notes due 2023 (the “Notes”). The Notes accrue interest at the rate of 4.45% per annum, with interest payable in cash semi-annually in arrears on each March 1 and September 1, commencing September 1, 2013. The Notes will mature on March 1, 2023. The Notes will be senior unsecured indebtedness of the Company, ranking equally in right of payment with all its existing and future senior unsecured indebtedness and senior to its future subordinated indebtedness. We used the net proceeds from the issuance of the Notes to repay in full $100 million in aggregate principal amount of our senior unsecured notes due May 2013. We used the remaining net proceeds from the issuance of the Notes for general corporate purposes, which included discretionary pension contributions, additions to working capital and capital expenditures.
	On June 28, 2013, the Company entered into $500 million syndicated credit facility (“Credit Agreement”) that extends to June 28, 2018. The Credit Agreement replaced the Company’s previous revolving credit facility, dated as of June 21, 2011, which had been set to expire in June 2016. During the fiscal year ended June 30, 2013, the Company capitalized $0.8 million of debt issue costs paid in connection with the Credit Agreement.
	Interest on the borrowings under the Credit Agreement accrue at variable rates, based upon LIBOR or a defined “Base Rate,” that are determined based upon the rating of the Company’s senior unsecured long-term debt (the “Debt Rating”). The applicable margin to be added to LIBOR ranges from 0.75% to 1.90% (1.25% as of June 30, 2014), and for Base Rate-determined loans, from 0.0% to 0.90% (0.25% as of June 30, 2014). The Company also pays a quarterly commitment fee ranging from 0.075% to 0.375% (0.15% as of June 30, 2014), determined based upon the Company’s Debt Rating, of the $500 million commitment under the Credit Agreement. In addition, the Company must pay certain letter of credit fees, ranging from 0.75% to 1.90% (1.25% as of June 30, 2014), with respect to letters of credit issued under the Credit Agreement. The Company has the right to voluntarily prepay and reborrow loans and to terminate or reduce the commitments under the facility. As of June 30, 2014, the Company had $8.2 million of issued letters of credit under the Credit Agreement, with the balance of $491.8 million available for future borrowings.
	The Company is subject to certain financial and restrictive covenants under the Credit Agreement, which, among other things, require the maintenance of a minimum interest coverage ratio (of 3.50 to 1.00 for any period of four consecutive fiscal quarters of the Company). The interest coverage ratio is defined in the Credit Agreement as, for any period, the ratio of consolidated earnings before interest, taxes, depreciation and amortization (“EBITDA”) to consolidated interest expense for such period. The Credit Agreement also requires the Company to maintain a debt to capital ratio of less than 55%. The debt to capital ratio is defined in the Credit Agreement as the ratio of consolidated indebtedness, as defined, to consolidated capitalization, as defined. As of June 30, 2014, the Company was in compliance with all of the covenants of the Credit Agreement.
	Long-term debt outstanding as of June 30, 2014 and 2013 consisted of the following:
		June 30,
	($ in millions)	2014		2013
	Medium-term notes, Series B at 6.97% to 7.10% due from April 2018 to May 2018 (face value of $55.0 million at June 30, 2014 and 2013)	$	55	$	55
	Senior unsecured notes, 5.20% due July 2021 (face value of $250.0 million at June 30, 2014 and 2013)	249.7		249.7
	Senior unsecured notes, 4.45% due March 2023 (face value of $300.0 million at June 30, 2014 and 2013)	299.6		299.5
	Total	604.3		604.2
	Less amounts due within one year	—		—
	Long-term debt, net of current portion	$	604.3	$	604.2
	Aggregate maturities of long-term debt for the five years subsequent to June 30, 2014, are $0.0 million in fiscal year 2015, 2016, 2017, $55.0 million in 2018, $0.0 in 2019 and $550.0 million thereafter.
	For the years ended June 30, 2014, 2013 and 2012, interest costs totaled $32.1 million, $27.8 million and $25.0 million, respectively, of which $15.1 million, $6.8 million and $1.2 million, respectively, were capitalized as part of the cost of property, plant, equipment and software.

Accrued_Liabilities

Accrued Liabilities	12 Months Ended
	Jun. 30, 2014
Accrued Liabilities	'
Accrued Liabilities	'
	9.                                      Accrued Liabilities
	Accrued liabilities consisted of the following as of June 30, 2014 and 2013:
		June 30,
	($ in millions)	2014		2013
	Accrued compensation and benefits	$	49.8	$	62
	Accrued pension liabilities	19.3		9.7
	Accrued postretirement benefits	15.5		15.4
	Accrued interest expense	11.2		11.2
	Deferred revenue	7.5		5.2
	Derivative financial instruments	4.7		29.1
	Accrued income taxes	8.4		8.1
	Other	31.6		27.8
	Total accrued liabilities	$	148	$	168.5

Pension_and_Other_Postretireme

Pension and Other Postretirement Benefits	12 Months Ended
	Jun. 30, 2014
Pension and Other Postretirement Benefits	'
Pension and Other Postretirement Benefits	'
	10.                               Pension and Other Postretirement Benefits
	Carpenter provides several noncontributory defined benefit pension plans to certain employees. The plans provide defined benefits based on years of service and final average salary. Effective January 1, 2012, new employees are not eligible to participate in the Company’s largest defined benefit pension plan.
	Carpenter also provides other postretirement benefit plans to certain of its employees. The postretirement benefit plans consist of health care and life insurance plans. Benefit payments are currently paid from corporate assets.  Plan assets are maintained in a Voluntary Employee Benefit Association Trust (“VEBA”).
	The following provides a reconciliation of benefit obligations, plan assets and funded status of the plans:
								Other
		Pension Plans						Postretirement Plans
	($ in millions)	2014			2013			2014			2013
	Change in projected benefit obligation:
	Projected benefit obligation at beginning of year	$	1,186.70		$	1,218.10		$	259.8		$	282.2
	Service cost	32.1			32.5			4			4.4
	Interest cost	57.5			53			12.5			12.2
	Benefits paid	(81.0		)	(70.6		)	(13.5		)	(13.1		)
	Actuarial loss (gain)	53.2			(45.7		)	22.4			(25.9		)
	Plan settlements	(0.2		)	(0.6		)	—			—
	Plan amendments	(1.3		)	—			—			—
	Projected benefit obligation at end of year	$	1,247.00		$	1,186.70		$	285.2		$	259.8
	Change in plan assets:
	Fair value of plan assets at beginning of year	$	930.2		$	770.9		$	93.2		$	85.3
	Actual return	165.7			82.3			13.7			8.2
	Benefits paid	(81.0		)	(70.6		)	(13.5		)	(13.1		)
	Contributions	9.8			148.2			13.1			12.8
	Plan settlements	(0.3		)	(0.6		)	—			—
	Fair value of plan assets at end of year	$	1,024.40		$	930.2		$	106.5		$	93.2
	Funded status of the plans	$	(222.6	)	$	(256.5	)	$	(178.7	)	$	(166.6	)
	Amounts recognized in the consolidated balance sheets:
	Other assets - noncurrent	$	0.1		$	0.1		$	—		$	—
	Accrued liabilities - current	(19.3		)	(9.7		)	(15.5		)	(15.4		)
	Accrued pension liabilities - noncurrent	(203.4		)	(246.9		)	—			—
	Accrued postretirement benefits	—			—			(163.2		)	(151.2		)
		$	(222.6	)	$	(256.5	)	$	(178.7	)	$	(166.6	)
								Other
		Pension Plans						Postretirement Plans
	($ in millions)	2014			2013			2014			2013
	Amounts recognized in accumulated other comprehensive loss:
	Net actuarial loss	$	341.2		$	412.4		$	50.8		$	36.9
	Prior service cost (credit)	1			2.9			—			(0.1		)
	Total	$	342.2		$	415.3		$	50.8		$	36.8
	Additional information:
	Accumulated benefit obligation for all pension plans	$	1,154.00		$	1,072.30		N/A			N/A
	The following is additional information related to plans with projected benefit obligations in excess of plan assets as of June 30, 2014 and 2013:
		Pension Plans						Other Postretirement Plans
	($ in millions)	2014			2013			2014			2013
	Projected benefit obligation	$	1,246.90		$	1,186.60		$	285.2		$	259.8
	Fair value of plan assets	$	1,024.20		$	930		$	106.5		$	93.2
	The following additional information is for plans with accumulated benefit obligations in excess of plan assets as of June 30, 2014 and 2013:
		Pension Plans						Other Postretirement Plans
	($ in millions)	2014			2013			2014			2013
	Accumulated benefit obligation	$	1,153.90		$	1,072.20		$	285.2		$	259.8
	Fair value of plan assets	$	1,024.20		$	930		$	106.5		$	93.2
	The components of the net periodic benefit cost related to the Company’s pension and other postretirement benefits for the years ended June 30, 2014, 2013 and 2012 are as follows:
		Pension Plans									Other Postretirement Plans
	($ in millions)	2014			2013			2012			2014			2013			2012
	Service cost	$	32.1		$	32.5		$	23		$	4		$	4.4		$	3.7
	Interest cost	57.5			53			51.3			12.5			12.2			11.8
	Expected return on plan assets	(62.9		)	(54.8		)	(54.2		)	(6.5		)	(6.4		)	(6.4		)
	Amortization of net loss	21.8			28.1			17.5			1.2			3.2			2.6
	Amortization of prior service cost (benefit)	0.5			0.7			0.7			(0.1		)	(4.1		)	(7.9		)
	Net periodic benefit costs	$	49		$	59.5		$	38.3		$	11.1		$	9.3		$	3.8
	The service cost component of Carpenter’s net pension expense, which represents the estimated cost of future pension liabilities earned associated with active employees, is included in the operating income of the business segments.  The residual net pension expense, which is comprised of the expected return on plan assets, interest costs on the projected benefit obligations of the plans, and amortization of actuarial gains and losses and prior service costs, is included under the heading “Pension earnings, interest & deferrals” in the segment data presented in Note 19.
	Historically, the Company capitalized in inventory only the service cost portion of periodic benefit costs associated with manufacturing employees. During the quarter ended December 31, 2013, the Company began to capitalize the portion of periodic benefit costs related to the interest cost, expected return on assets and amortization of actuarial net loss and prior service cost (benefit), which the Company refers to as pension earnings, interest and deferrals (“pension EID”) expense, related to current manufacturing employees in inventory. The impact of this change resulted in an increase in the amount of capitalized periodic benefit costs of $2.2 million during year ended June 30, 2014. This change did not have a material impact on any previously reported amounts.
		Pension Plans						Other Postretirement Plans
		2014		2013		2012		2014		2013		2012
	Weighted-average assumptions used to determine benefit obligations at fiscal year end
Discount rate	4.47	%	5	%	4.5	%	4.27	%	5	%	4.5	%
Rate of compensation increase	3.57	%	3.66	%	3.67	%	N/A		N/A		N/A
	Pension Plans						Other Postretirement Plans
	2014		2013		2012		2014		2013		2012
Weighted-average assumptions used to determine net periodic benefit cost for the fiscal year
Discount rate	5	%	4.5	%	5.5	%	4.95	%	4.5	%	5.5	%
Expected long-term rate of return on plan assets	7	%	7	%	7.5	%	7	%	7.5	%	8	%
Long-term rate of compensation increase	3.57	%	3.67	%	3.66	%	N/A		N/A		N/A
The following table shows the expected health care rate increase and the future rate and time at which it is expected to remain constant.
	June 30,
	2014		2013
Assumed health care cost trend rate	7.5	%	7.5	%
Rate to which the cost trend rate is assumed to decline and remain (the ultimate trend rate)	5	%	5	%
Year that the rate reaches the ultimate trend rate	2020		2020
Assumed health care cost trend rates have an effect on the amounts reported for other postretirement benefits. A one percentage point increase in the assumed health care cost trend rate would increase service and interest cost by $0.6 million and increase the postretirement benefit obligation by $10.7 million. A one percentage point decrease in the assumed health care cost trend rate would decrease service and interest cost by $0.5 million and decrease the postretirement benefit obligation by $9.3 million.
Net pension expense, which we define to include the net periodic benefit costs of both the pension and other postretirement plans, is estimated to be $45.9 million for the year ended June 30, 2015, comprised of $34.3 million of net periodic benefit costs for pension plans and $11.6 million of net periodic benefit costs for other postretirement benefit plans. The discount rate and expected long-term rate of return on plan assets used to calculate the net periodic benefit costs for pension plans for the year ended June 30, 2015 were 4.25 - 4.50 percent and 6.25 - 7.00 percent, respectively.  The discount rate and expected long-term rate of return on plan assets used to calculate the net periodic benefits costs for other postretirement benefit plans for the year ended June 30, 2015 were 4.25 - 4.50  percent and 6.25 percent, respectively.
Amounts in other comprehensive loss that are expected to be recognized as components of net periodic benefit cost in the year ended June 30, 2015 are:
				Other
	Pension			Postretirement
($ in millions)	Plans			Plans			Total
Amortization of prior service cost	$	0.3		$	—		$	0.3
Amortization of net actuarial loss	16.7			2			18.7
Amortization of accumulated other comprehensive loss	$	17		$	2		$	19
Carpenter’s U.S. pension plans’ weighted-average asset allocations at June 30, 2014 and 2013, by asset category are as follows:
	2014		2013
Equity securities	55.1	%	63.5	%
Fixed income securities	44.2		34.3
Cash and cash equivalents	0.7		2.2
Total	100	%	100	%
Carpenter’s policy for developing a pension plan investment strategy includes the periodic development of an asset and liability study by an independent investment consultant. Management considers this study in establishing an asset allocation that is presented to and approved by the Company’s Plan Committee.
Based on the current funding level, the allocation policy for pension plan assets is to have approximately 60 percent in return seeking assets and 40 percent in liability matching assets.  Return seeking assets include domestic and international equities and high yield bond funds.  Liability matching assets include long duration bond funds.  As the funding level of the plans improves in increments of 5 percent, assets will be shifted from return seeking to liability matching in increments of 4 percent as a de-risking strategy.  The assets related to Carpenter’s other postretirement benefit plans were invested approximately 60 percent U.S. and equities and 40 percent fixed income securities of June 30, 2014.  Management establishes the expected long-term rate of return assumption by reviewing historical trends and analyzing the current and projected market conditions in relation to the plan’s asset allocation and risk management objectives. In determining the expected long-term rate of return, the Company considered historical returns for individual asset classes and the impact of active portfolio management.
The fair values of the Company’s pension plan assets as of June 30, 2014 and 2013, by asset category and by the levels of inputs used to determine fair value were as follows:
	June 30, 2014									June 30, 2013
	Fair Value									Fair Value
	Measurements Using									Measurements Using
	Input Type									Input Type
($ in millions)	Level 1			Level 2			Total			Level 1			Level 2			Total
Short-term investments	$	—		$	15.3		$	15.3		$	—		$	13.7		$	13.7
Domestic and international equities	142.1			—			142.1			281.8			—			281.8
Commingled funds	64.7			341.4			406.1			52.1			164.4			216.5
Limited partnerships	—			52			52			—			137.9			137.9
Government agency bonds	4.8			129.8			134.6			7.9			101.9			109.8
Corporate bonds	—			248.1			248.1			—			149.8			149.8
Mutual funds	2.9			—			2.9			2.5			—			2.5
Mortgage/asset backed securities and other	—			23.3			23.3			—			18.2			18.2
	$	214.5		$	809.9		$	1,024.40		$	344.3		$	585.9		$	930.2
The fair values of the Company’s other postretirement benefit plans as of June 30, 2014 and 2013, by asset category and by the level of inputs used to determine fair value, were as follows:
	June 30, 2014									June 30, 2013
	Fair Value									Fair Value
	Measurements Using									Measurements Using
	Input Type									Input Type
($ in millions)	Level 1			Level 2			Total			Level 1			Level 2			Total
Commingled fund	$	—		$	61.2		$	61.2		$	—		$	51.4		$	51.4
Short-term investments	—			17.2			17.2			—			14.2			14.2
Government agency bonds	—			18.6			18.6			—			15.9			15.9
Corporate bonds and other	—			6.8			6.8			—			7.5			7.5
Mortgage backed securities	—			2.7			2.7			—			4.2			4.2
	$	—		$	106.5		$	106.5		$	—		$	93.2		$	93.2
A financial instrument’s categorization within the valuation hierarchy is based upon the lowest level of input that is significant to the fair value measurement. Investments in domestic and international equities are generally valued at the closing price reported on the active market on which they are traded. Commingled funds are valued based on the net asset value (“NAV”) established for the fund at each valuation date. The NAV is based on the value of the underlying assets owned by the fund, minus its liabilities, and then divided by the number of shares outstanding. Corporate and government agency bonds and other fixed income securities are valued using closing bid prices on an active market when possible, otherwise using evaluated bid prices.
Cash Flows — Employer Contributions
The Company made contributions to the qualified US pension plans of $6.3 million, $144.9 million and $30.0 million during fiscal years 2014, 2013 and 2012, respectively. The Company currently expects to make approximately $15.5 million in required contributions to the Company’s pension plans during fiscal year 2015.  During the years ended June 30, 2014, 2013 and 2012, the Company made contributions of $3.2 million, $3.3 million and $3.2 million to other non-qualified pension plans, respectively.
Estimated Future Benefit Payments
The following benefit payments, which reflect expected future service, as appropriate, are expected to be paid.  Pension benefits are currently paid from plan assets and other benefits are currently paid from corporate assets:
	Pension			Other
($ in millions)	Benefits			Benefits
2015	$	77		$	15.4
2016	$	77.6		$	16.4
2017	$	78.6		$	17.2
2018	$	80.7		$	17.9
2019	$	82.3		$	18.4
2020-2024	$	439.5		$	95.9
Other Benefit Plans
Carpenter also maintains defined contribution retirement and savings plans for substantially all domestic employees.  Company contributions to the plan were $10.6 million in fiscal year 2014, $8.9 million in fiscal year 2013 and $6.8 million in fiscal year 2012.

Contingencies_and_Commitments

Contingencies and Commitments	12 Months Ended
	Jun. 30, 2014
Contingencies and Commitments	'
Contingencies and Commitments	'
	11.                               Contingencies and Commitments
	Environmental
	Carpenter is subject to various federal, state, local and international environmental laws and regulations relating to pollution, protection of public health and the environment, natural resource damages and occupational safety and health.  Although compliance with these laws and regulations may affect the costs of Carpenter’s operations, compliance costs to date have not been material.  Carpenter has environmental remediation liabilities at some of its owned operating facilities and has been designated as a potentially responsible party (“PRP”) with respect to certain third party Superfund waste disposal sites and other third party owned sites.  Additionally, Carpenter has been notified that it may be a PRP with respect to other Superfund sites as to which no proceedings have been instituted against Carpenter. Neither the exact amount of remediation costs nor the final method of their allocation among all designated PRP’s at these Superfund sites has been determined.  The liability for future environmental remediation costs is evaluated by management on a quarterly basis.  Carpenter accrues amounts for environmental remediation costs that represent management’s best estimate of the probable and reasonably estimable costs related to environmental remediation. During fiscal years 2014, 2013 and 2012, the Company increased the liabilities recorded for environmental remediation costs by $0.7 million, $0.3 million and $0.7 million, respectively. The liabilities recorded for environmental remediation costs at Superfund sites, at other third party-owned sites and at Carpenter-owned current or former operating facilities remaining at June 30, 2014 and 2013 was $15.5 million and $14.8 million, respectively.
	Estimates of the amount and timing of future costs of environmental remediation requirements are inherently imprecise because of the continuing evolution of environmental laws and regulatory requirements, the availability and application of technology, the identification of currently unknown remediation sites and the allocation of costs among the PRP’s.  Based upon information currently available, such future costs are not expected to have a material effect on Carpenter’s financial position, results of operations or cash flows over the long-term. However, such costs could be material to Carpenter’s financial position, results of operations or cash flows in a particular future quarter or year.
	Boarhead Farms
	In June 2002, the Company was named as a defendant in a lawsuit filed by a group of plaintiffs in the District Court for the Eastern District of Pennsylvania titled Boarhead Farm Agreement Group v. Advanced Environmental Technology Corporation et al. (since amended to include the individual members). The suit alleges that the Company and the other named defendants contributed to damages caused at Boarhead Farms, a Superfund site located in Bridgeton, Pennsylvania. The Boarhead Farms site was the home of a now defunct chemical and waste hauling company that the Company and many others engaged to dispose of certain wastes during the 1970’s. The plaintiff group was individually named as PRP’s for the Boarhead site in the EPA’s “Record of Decision” in November 1998. Their June 2002 lawsuit against various defendants, including Carpenter, sought contributions for a portion of costs incurred for various site cleanup activities as well as contributions to future cleanup efforts. The suit went to trial in June 2008. Prior to trial, all of the named co-defendants, except for Carpenter, reached an out of court settlement with the plaintiffs. Carpenter denied the claims made by the plaintiff group. On August 18, 2008, the Court awarded the plaintiffs judgment against the Company for 80 percent of the plaintiffs’ past costs of remediating the site, including prejudgment interest from June 18, 2002 to January 1, 2008, and held the Company liable for 80 percent of future costs of the cleanup activities at the site. The Company appealed the Court’s decision and oral arguments took place before the United States Court of Appeals for the Third Circuit on December 17, 2009. On April 12, 2010, the Court of Appeals for the Third Circuit vacated the previous judgment by the District Court and remanded the case for further proceedings. As of June 30, 2011, the Company recorded a liability related to this case of $21.8 million.  On July 19, 2011, the Company entered into a settlement agreement providing for a dismissal of the lawsuit and a complete release, in the Company’s favor, by all parties to the litigation in exchange for a payment of $21.8 million, which the Company paid in September 2011. The Company expects that no additional liabilities will be incurred related to this matter.
	Other
	The Company is defending various routine claims and legal actions that are incidental to its business, and the Company is subject to contingencies that are common to its operations, including those pertaining to product claims, commercial disputes, employment actions, employee benefits, compliance with domestic and foreign laws, personal injury claims, patent infringement and tax issues.  The Company provides for costs relating to these matters when a loss is probable and the amount of the loss is reasonably estimable.  The effect of the outcome of these matters on the Company’s future results of operations and liquidity cannot be predicted because any such effect depends on future results of operations and the amount and timing (both as to recording future charges to operations and cash expenditures) of the resolution of such matters. While it is not feasible to determine the outcome of these matters, management believes that the total liability from these matters will not have a material effect on the Company’s financial position, results of operations or cash flows over the long-term. However, there can be no assurance that an increase in the scope of pending matters or that any future lawsuits, claims, proceedings or investigations will not be material to the Company’s financial position, results of operations or cash flows in a particular future quarter or year.
	The Company has entered into purchase agreements primarily for various key raw materials at market related prices, all made in the normal course of business.  The commitments include both fixed and variable price provisions.  Raw material prices as of June 30, 2014 were used for commitments with variable pricing.  The purchase commitments covered by these agreements aggregate to approximately $231.2 million as of June 30, 2014 all of which relates to fiscal year 2015.

Operating_Leases

Operating Leases	12 Months Ended
	Jun. 30, 2014
Operating Leases	'
Operating Leases	'
	12.                               Operating Leases
	The Company leases certain facilities and equipment under operating leases.  Total rent expense was $12.8 million, $12.3 million and $9.8 million for the fiscal years ended June 30, 2014, 2013 and 2012, respectively.
	Future minimum payments for non-cancellable operating leases in effect at June 30, 2014 are:  $9.6 million in fiscal year 2015, $7.2 million in fiscal year 2016, $4.2 million in fiscal year 2017, $2.7 million in fiscal year 2018, $2.4 million in fiscal year 2019 and $8.1 million thereafter.

Fair_Value_Measurements

Fair Value Measurements	12 Months Ended
	Jun. 30, 2014
Fair Value Measurements	'
Fair Value Measurements	'
	13.                               Fair Value Measurements
	The fair value hierarchy has three levels based on the inputs used to determine fair value. Level 1 refers to quoted prices in active markets for identical assets or liabilities. Level 2 refers to observable inputs other than quoted prices included in Level 1, such as quoted prices for similar assets and liabilities in active markets; quoted prices for identical or similar assets and liabilities in markets that are not active; or other inputs that are observable or can be corroborated by observable market data. Level 3, which the Company does not currently use, refers to unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets and liabilities. This includes certain pricing models, discounted cash flow methodologies and similar techniques that use significant unobservable inputs.
	The following tables present the Company’s assets and liabilities that are measured at fair value on a recurring basis and are categorized using the fair value hierarchy.
	June 30, 2014	Fair Value Measurements
		Using Input Type
	($ in millions)	Level 2		Total
	Assets:
	Marketable securities
	Municipal auction rate securities	$	5.2	$	5.2
	Derivative financial instruments	20.4		20.4
	Total assets	$	25.6	$	25.6
	Liabilities:
	Derivative financial instruments	$	10.9	$	10.9
	June 30, 2013	Fair Value Measurements
		Using Input Type
	($ in millions)	Level 2		Total
	Assets:
	Marketable securities
	Municipal auction rate securities	$	5.4	$	5.4
	Derivative financial instruments	0.9		0.9
	Total assets	$	6.3	$	6.3
	Liabilities:
	Derivative financial instruments	$	73.1	$	73.1
	The Company’s derivative financial instruments consist of commodity forward contracts, foreign exchange forward contracts and interest rate swaps. These instruments are measured at fair value using the market method valuation technique.  The inputs to this technique utilize information related to foreign exchange rates, commodity prices and interest rates published by third party leading financial news and data providers.  This is observable data; however, the valuation of these instruments is not based on actual transactions for the same instruments so they are classified as Level 2. The Company’s use of derivatives and hedging policies are more fully discussed in Note 15.
	The Company has currently chosen not to elect the fair value option for any items that are not already required to be measured at fair value in accordance with accounting principles generally accepted in the United States.
	The carrying amounts of other financial instruments not listed in the table below approximate fair value due to the short-term nature of these items.
	The carrying amounts and estimated fair values of Carpenter’s financial instruments not recorded at fair value in the financial statements were as follows:
		June 30, 2014				June 30, 2013
	($ in millions)	Carrying		Fair		Carrying		Fair
		Value		Value		Value		Value
	Long-term debt, including current portion	$	604.3	$	638.7	$	604.2	$	602.8
	Company-owned life insurance	$	16.2	$	16.2	$	13.6	$	13.6
	The carrying amount for company-owned life insurance reflects cash surrender values based upon the market values of underlying securities, net of any outstanding policy loans. The carrying value associated with the cash surrender value of these policies is recorded in other assets in the accompanying consolidated balance sheets.
	The fair values of long-term debt as of June 30, 2014 and June 30, 2013 were determined by using current interest rates for debt with terms and maturities similar to the Company’s existing debt arrangements and accordingly would be classified as using Level 2 inputs in the fair value hierarchy.

ShareBased_Compensation

Share-Based Compensation	12 Months Ended
	Jun. 30, 2014
Share-Based Compensation	'
Share-Based Compensation	'
	14.                               Share-Based Compensation
	Carpenter has two share-based compensation plans: the 1993 Plan covering officers and key employees and the Director’s Plan covering non-employee directors.  The Company recognizes compensation cost based on the fair value of the awards on the date of grant. The compensation cost is recognized over the requisite service period of the award, which is generally the shorter of the vesting period that the holder is required to provide service, or the period from the grant date to the date on which the employee is eligible to retire. Upon retirement, as defined in the Company’s share-based compensation plans, outstanding awards are subject to certain accelerated vesting terms.
	Awards granted under the share-based compensation plans are paid from shares held in treasury and newly issued shares. The total compensation cost that has been charged against income related to these share-based compensation plans was $11.4 million, $13.1 million, and $13.3 million for the years ended June 30, 2014, 2013 and 2012, respectively.
	1993 Plan
	The 1993 plan provides that the Board of Directors or a designated committee may grant stock options, restricted stock and restricted stock units, and determine the terms and conditions of each grant.  The 1993 plan provides the Chief Executive Officer with limited authority to grant awards.  As of June 30, 2014, 2,030,020 shares were available for awards which may be granted under this plan.
	Director’s Plan
	The Director’s plan provides for the granting of stock options and stock units to non-employee Directors. As of June 30, 2014, 752,532 shares were reserved for awards which may be granted under this plan.
	Stock Options (all plans)
	Stock options granted under the plans above are granted with an exercise price equal to at least the fair market value of the Company’s common stock on the date of grant. The options are typically exercisable after one to three years of service and expire no longer than ten years from the grant date.
	The fair value of stock options awarded in fiscal years 2014, 2013 and 2012 were estimated on the date of each grant using a Black-Scholes option pricing model with the following weighted-average assumptions:
		Years Ended June 30,
		2014		2013		2012
	Expected volatility	49	%	55	%	54	%
	Dividend yield	1.3	%	1.5	%	1.3	%
	Risk-free interest rate	1.4	%	0.7	%	1.4	%
	Expected term (in years)	5		5		5
	The assumptions are based on multiple factors, including historical exercise patterns of employees in relatively homogeneous groups with respect to exercise and post-vesting employment termination behaviors, expected future exercising patterns for these same homogeneous groups and the implied volatility of our stock price based on historical performance for the same expected term of the options granted. The risk-free interest rate is based on the U.S. Treasury yield curve in effect at the time of each grant.
		Number of		Weighted			Weighted	Aggregate
		Awards		Average			Average	Intrinsic
				Exercise			Remaining	Value (In
				Price			Contractual	Millions)
							Term
	Outstanding at June 30, 2011	956,807		$	29.23
	Granted	152,450		55.04
	Exercised	(79,444	)	23.57
	Cancelled	(7,207	)	27.11
	Outstanding at June 30, 2012	1,022,606		33.54
	Granted	198,904		48.6
	Exercised	(115,600	)	19.82
	Cancelled	(17,182	)	48.42
	Outstanding at June 30, 2013	1,088,728		37.51
	Granted	243,292		54.65
	Exercised	(236,540	)	30.19
	Cancelled	(31,585	)	49.83
	Outstanding at June 30, 2014	1,063,895		$	42.69		6.5 Years	$	21.9
	Exercisable at June 30, 2014	694,469		$	37.15		5.5 Years	$	18.1
	Outstanding and Exercisable Options
	Exercise Price	Number		Weighted		Weighted		Number		Weighted
	Range	Outstanding		Average		Average		Exercisable		Average
		at June 30,		Remaining		Exercise		at June 30,		Exercise
		2014		Contractual		Price		2014		Price
				Term (in Years)
	$5.00 - $20.00	73,412		5.1		$	17.29	73,412		$	17.29
	$20.01 - $30.00	185,293		5		22.67		185,293		22.67
	$30.01 - $40.00	139,350		6.1		34.66		139,350		34.66
	$40.01 - $50.00	214,858		7		46.75		118,199		45.68
	$50.01 - $63.54	450,982		7.2		55.6		178,215		56.7
		1,063,895				$	42.69	694,469		$	37.15
	The weighted average grant date fair value of options awarded during fiscal years 2014, 2013 and 2012 was $21.31, $20.37 and $23.46, respectively. Share-based compensation charged against income related to stock options for the years ended June 30, 2014, 2013 and 2012 was $3.5 million, $3.4 million and $3.1 million, respectively. As of June 30, 2014, $3.2 million of compensation cost related to nonvested stock options remains to be recognized over a weighted average remaining life of 1.8 years.
	Of the options outstanding at June 30, 2014, 848,921 relate to the 1993 plan and 214,974 relate to the Directors’ Plan.
	Restricted Stock Unit Awards (1993 Plan)
	Restricted stock unit awards are granted to employees with performance and/or service conditions. Earned restricted stock unit awards receive non-forfeitable cash dividends during the restriction period. The fair value of the restricted stock unit awards is determined based on the close price of the Company’s stock on the grant date.
	Performance-based restricted stock unit awards are earned depended upon how certain performance goals are achieved during a specified performance period according to the terms determined at the date of the grant. These shares typically vest zero to two years from the date of the attainment of the specified performance goals. Compensation cost is determined and charged to expense beginning in the performance period through the vesting period.
	Time-based restricted stock unit awards typically vest three years from the date of grant. Compensation cost related to time-based stock unit awards is recognized over the vesting period of the award.
	Amounts charged to compensation expense for restricted stock unit awards was $2.8 million, $4.8 million and $6.1 million for the years end June 30, 2014, 2013 and 2012, respectively. As of June 30, 2014, $1.6 million of compensation cost related to restricted stock unit awards remains to be recognized over a weighted average remaining life of 1.3 years.
		Number of		Weighted-
		Awards		Average
				Grant Date
				Fair Value
	Restricted Balance at June 30, 2011	480,741		$	28.17
	Time-based granted	43,408		49.75
	Performance-based granted	77,423		55.69
	Vested	(171,140	)	28
Forfeited	(11,101	)	21.75
Restricted Balance at June 30, 2012	419,331		35.71
Time-based granted	22,838		50.15
Performance-based granted	41,816		47.85
Vested	(254,967	)	31.39
Forfeited	(13,603	)	51.85
Restricted Balance at June 30, 2013	215,415		43.75
Time-based granted	14,086		52.58
Performance-based granted	20,794		48.85
Vested	(120,117	)	43.96
Forfeited	(16,615	)	48.02
Restricted Balance at June 30, 2014	113,563		$	44.99
Total Stockholder Return Awards
The Company granted Total Stockholder Return (“TSR”) awards in fiscal years 2014, 2013 and 2012. The TSR awards are granted at a target number of shares.  The fiscal 2013 and 2012 TSR awards are earned based on the Company’s total stockholder return compared to the total stockholder returns of a group of peer companies at the end of a three-year period. Beginning with fiscal year 2014, TSR awards are earned based on the Company’s total stockholder return compared to the total stockholder returns of the Russell Materials and Processing Growth Index at the end of a three-year period. The actual number of shares awarded may range from a minimum of 50 percent of the target shares to a maximum of 200 percent of the target shares. Participants do not have any rights to dividends (or equivalents) during the performance period. The fair value of the TSR awards was estimated using Monte Carlo valuation models. Compensation cost recognized in fiscal years 2014, 2013 and 2012 related to TSR awards was $3.9 million, $3.7 million and $3.0 million, respectively.
Director Stock Units
According to the provisions of the Director’s plan, on the date of each annual stockholders’ meeting or on such other regularly scheduled date as the Board of Directors may determine from time to time in light of the Company’s prevailing practices for the grant of equity awards to employees, each Director shall be granted, in place of cash compensation, a number of stock units determined by dividing 50 percent of the Director’s annual retainer by the fair market value of the Company’s common stock on that date. These stock units vest as to one-quarter of the units for every three months of service following the grant date and are fully vested on the first anniversary of the grant date.  At the Director’s election, the remaining 50 percent of the annual retainer and 100 percent of committee chair fees may be paid in stock units in lieu of cash. These units are immediately vested.
In addition to the grant of retainer stock units described above, each Director may be granted annually an additional award of stock units as the Board may determine by resolution.  These stock units vest as to one-quarter of the units for every three months of service following the grant date and are fully vested on the first anniversary of the grant date.
Additional units are credited to each Director on a quarterly basis to reflect dividend equivalents on the Company’s common stock.
In the case of separation from service due to death or disability, all stock units shall immediately vest.
Following a Director’s separation from service, or such other elected distribution date or event, the number of stock units credited to the Director’s account will be converted to an equivalent number of the Company’s common stock.
	Number of		Weighted-
	Units		Average
			Grant Date
			Fair Value
Outstanding at June 30, 2011	195,701		$	25.81
Granted	22,660		47.89
Dividend equivalents	3,049		—
Outstanding at June 30, 2012	221,410		27.1
Granted	21,710		53.53
Dividend equivalents	3,399		—
Outstanding at June 30, 2013	246,519			30.06
Granted	19,770		59.47
Dividend equivalents	3,026		—
Outstanding at June 30, 2014	269,315		$	32.25
Compensation cost is determined using the grant date fair value and charged to expense over the vesting period of one year and amounted to $1.2 million, $1.2 million and $1.1 million for the years ended June 30, 2014, 2013 and 2012, respectively. As of June 30, 2014, $0.3 million of compensation cost related to director stock units remains to be recognized over a weighted average remaining life of 0.3 years.

Derivatives_and_Hedging_Activi

Derivatives and Hedging Activities	12 Months Ended
	Jun. 30, 2014
Derivatives and Hedging Activities	'
Derivatives and Hedging Activities	'
	15.                               Derivatives and Hedging Activities
	The Company uses commodity forwards, interest rate swaps and foreign currency forwards to manage risks generally associated with commodity price, interest rate and foreign currency rate fluctuations. The following explains the various types of derivatives and includes a recap about the impact the derivative instruments have had on the Company’s financial position, results of operations and cash flows.
	Cash Flow Hedging — Commodity forward contracts: The Company enters into commodity forward contracts to fix the price of a portion of anticipated future purchases of certain critical raw materials and energy to manage the risk of cash flow variability associated with volatile commodity prices. The commodity forward contracts have been designated as cash flow hedges. The qualifying hedge contracts are marked-to-market at each reporting date and any unrealized gains or losses are included in other comprehensive income to the extent effective, and reclassified to costs of sales in the period during which the hedged transaction affects earnings or it becomes probable that the forecasted transaction will not occur. As of June 30, 2014, the Company had forward contracts to purchase 30.1 million pounds of certain raw materials with settlement dates through June 2019.
	Cash Flow Hedging — Forward interest rate swaps: Historically, the Company has entered into forward swap contracts to manage the risk of cash flow variability associated with fixed interest debt expected to be issued. The forward interest rate swaps have been designated as cash flow hedges. The qualifying hedge contracts are marked-to-market at each reporting date and any unrealized gains or losses are included in accumulated other comprehensive income to the extent effective, and reclassified to interest expense in the period during which the hedged transaction affects earnings or it becomes probable that the forecasted transaction will not occur.
	Cash Flow Hedging — Foreign currency forward contracts: The Company uses foreign currency forward contracts to hedge a portion of anticipated future sales denominated in foreign currencies, principally the Euro and Pound Sterling, in order to offset the effect of changes in exchange rates. The qualifying hedge contracts are marked-to-market at each reporting date and any unrealized gains or losses are included in other comprehensive income to the extent effective, and reclassified to net sales in the period during which the transaction affects earnings or it becomes probable that the forecasted transaction will not occur.
	The Company also uses foreign currency forward contracts to protect certain short-term asset positions denominated in foreign currency against the effect of changes in exchange rates. These positions do not qualify for hedge accounting and accordingly are marked-to-market at each reporting date through charges to other income and expense. As of June 30, 2014, the fair value of the outstanding foreign currency forwards not designated as hedging instruments and the charges to income for changes in fair value for these contracts was not material.
	Fair Value Hedging - Interest rate swaps: The Company has used interest rate swaps to achieve a level of floating rate debt relative to fixed rate debt where appropriate. The Company has designated fixed to floating interest rate swaps as fair value hedges.  Accordingly, the changes in the fair value of these instruments are immediately recorded in earnings.  The mark-to-market values of both the fair value hedging instruments and the underlying debt obligations are recorded as equal and offsetting gains and losses in interest expense in the consolidated statements of income. As of June 30, 2014, the Company has no outstanding interest rate swaps, as all previous interest rate swaps have been settled and terminated.  For the years ended June 30, 2014, 2013 and 2012, net gains of $0.0 million, $1.4 million and $1.4 million, respectively, were recorded as a reduction to interest expense. These amounts include the impact of previously terminated swaps which are being amortized over the remaining term of the underlying debt.
	The fair value and location of outstanding derivative contracts recorded in the accompanying consolidated balance sheets were as follows as of June 30, 2014 and 2013:
	June 30, 2014	Foreign			Commodity			Total
	($ in millions)	Currency			Contracts			Derivatives
		Contracts
	Asset Derivatives:
	Derivatives designated as hedging instruments:
	Other current assets	$	—		$	11.3		$	11.3
	Other assets	—			9.1			9.1
	Total asset derivatives	$	—		$	20.4		$	20.4
	Liability Derivatives:
	Derivatives designated as hedging instruments:
	Accrued liabilities	$	0.4		$	4.3		$	4.7
	Other liabilities	0.2			6			6.2
	Total liability derivatives	$	0.6		$	10.3		$	10.9
	June 30, 2013	Foreign			Commodity			Total
	($ in millions)	Currency			Contracts			Derivatives
		Contracts
	Asset Derivatives:
	Derivatives designated as hedging instruments:
	Other current assets	$	0.9		$	—		$	0.9
	Total asset derivatives	$	0.9		$	—		$	0.9
	Liability Derivatives:
	Derivatives designated as hedging instruments:
	Accrued liabilities	$	0.4		$	28.7		$	29.1
	Other liabilities	—			44			44
	Total liability derivatives	$	0.4		$	72.7		$	73.1
	Cash Flow Hedges
	For derivative instruments that are designated and qualify as cash flow hedges, the effective portion of the gain or loss on the derivative is reported as a component of accumulated other comprehensive income (“AOCI”) and reclassified into earnings in the same period or periods during which the hedged transactions affects earnings or it becomes probable that the forecasted transaction will not occur.  The following is a summary of the gains (losses) related to cash flow hedges recognized during the years ended June 30, 2014, 2013 and 2012:
		Amount of Gain (Loss) Recognized in
		AOCI on Derivatives (Effective
		Portion)
		Years Ended June 30,
	($ in millions)	2014			2013			2012
	Derivatives in Cash Flow Hedging Relationship:
	Commodity contracts	$	59.3		$	(43.2	)	$	(79.0	)
	Foreign exchange contracts	(1.6		)	1.9			(0.1		)
	Forward interest rate swaps	—			2.7			—
	Total	$	57.7		$	(38.6	)	$	(79.1	)
		Location of (Loss) Gain		Amount of (Loss) Gain Reclassified
				from AOCI into Income (Effective
				Portion)
		Reclassified from AOCI into		Years Ended June 30,
	($ in millions)	Income (Effective Portion)		2014			2013			2012
	Derivatives in Cash Flow Hedging Relationship:
	Commodity contracts	Cost of sales		$	(20.5	)	$	(24.9	)	$	(23.4	)
	Foreign exchange contracts	Net sales		(0.8		)	0.1			1.2
	Forward interest rate swaps	Interest expense		0.4			0.2			—
	Total			$	(20.9	)	$	(24.6	)	$	(22.2	)
		Location of Loss Reclassified		Amount of Loss Reclassified from AOCI
				into Income (Ineffective Portion)
		from AOCI into Income		Years Ended June 30,
	($ in millions)	(Ineffective Portion)		2014			2013			2012
	Derivatives in Cash Flow Hedging Relationship:
	Commodity contracts	Cost of sales		$	(0.3	)	$	—		$	—
	Foreign exchange contracts	Net sales		—			—			—
	Forward interest rate swaps	Interest expense		—			—			—
Total			$	(0.3	)	$	—		$	—
The Company estimates that $6.0 million of net derivative gains included in AOCI as of June 30, 2014 will be reclassified into earnings within the next twelve months. No significant cash flow hedges were discontinued during the year ended June 30, 2014.
The changes in AOCI associated with derivative hedging activities during the years ended June 30, 2014, 2013 and 2012 were as follows:
	2014			2013			2012
Balance at July 1	$	(41.5	)	$	(32.8	)	$	2.6
Current period changes in fair value, net of tax	36			(24.2		)	(49.1		)
Reclassification to earnings, net of tax	13.1			15.5			13.7
Balance at June 30	$	7.6		$	(41.5	)	$	(32.8	)
According to the provisions of the Company’s derivative arrangements, in the event that the fair value of outstanding derivative positions with certain counterparties exceeds certain thresholds, the Company may be required to issue cash collateral to the counterparties. The Company’s contracts with these counterparties allow for netting of derivative instrument positions executed under each contract. As of June 30, 2014 the Company had no cash collateral held by counterparties.
The Company is exposed to credit loss in the event of nonperformance by counterparties on its derivative instruments as well as credit or performance risk with respect to its customer commitments to perform. Although nonperformance is possible, the Company does not anticipate nonperformance by any of the parties. In addition various master netting arrangements are in place with counterparties to facilitate settlement of gains and losses on these contracts.

Income_Taxes

Income Taxes	12 Months Ended
	Jun. 30, 2014
Income Taxes	'
Income Taxes	'
	16.                               Income Taxes
	Income before income taxes for the Company’s domestic and foreign operations was as follows:
		Years Ended June 30,
	($ in millions)	2014			2013			2012
	Domestic	$	178.6		$	198		$	168.4
	Foreign	17.8			18.8			20.2
	Income before income taxes	$	196.4		$	216.8		$	188.6
	The provision (benefit) for income taxes from continuing operations consisted of the following:
		Years Ended June 30,
	($ in millions)	2014			2013			2012
	Current:
	Federal	$	61.3		$	49.7		$	21.5
	State	6.5			5.9			2.9
	Foreign	5.5			5.3			5.8
	Total current	73.3			60.9			30.2
	Deferred:
	Federal	(8.0		)	7.8			32.5
	State	(1.4		)	2.5			4.1
	Foreign	(0.3		)	(0.9		)	0.2
	Total deferred	(9.7		)	9.4			36.8
	Total income tax expense	$	63.6		$	70.3		$	67
	The following is a reconciliation of income taxes computed at the U.S. Federal income tax rate to the Company’s effective income tax rate:
		Years Ended June 30,
	(% of pre-tax income)	2014		2013		2012
	Statutory federal income tax rate	35	%	35	%	35	%
	State income taxes, net of federal tax benefit	2.5		2		2.2
	Domestic manufacturing deduction	(3.5	)	(2.7	)	(2.3	)
	Other, net	(1.6	)	(1.9	)	0.6
	Effective income tax rate	32.4	%	32.4	%	35.5	%
	Deferred taxes are recorded for temporary differences between the carrying amounts of assets and liabilities and their tax bases.  The significant components of deferred tax assets and liabilities that are recorded in the consolidated balance sheet are summarized in the table below. A valuation allowance is required when it is more likely than not that all or a portion of a deferred tax asset will not be realized. As of June 30, 2014, the Company had state net operating loss carryforwards of $319.6 million expiring between 2015 and 2033. Based on current year and forecasted taxable state income, we determined that it was appropriate to reverse a portion of the valuation allowance in fiscal year 2014. A tax benefit was recognized through the reduction of the valuation allowance in the amount of $1.5 million in fiscal year 2014.  A significant portion of the state net operating loss carryforwards are subject to an annual limitation that under current law is likely to limit future tax benefits to approximately $5 million.
		June 30,
	($ in millions)	2014			2013
	Deferred tax assets:
	Pensions	$	82.7		$	96.5
	Postretirement provisions	66.9			64.6
	Net operating loss carryforwards	20.6			21.3
	Derivatives and hedging activities	—			25.2
	Other	35			32.6
	Gross deferred tax assets	205.2			240.2
	Valuation allowances	(17.8		)	(19.2		)
	Net deferred tax assets	187.4			221
	Deferred tax liabilities:
	Depreciation	(232.3		)	(227.4		)
	Intangible assets	(37.5		)	(43.0		)
	Inventories	(28.8		)	(21.1		)
	Other	(4.0		)	—
	Total deferred tax liabilities	(302.6		)	(291.5		)
	Deferred tax liabilities	$	(115.2	)	$	(70.5	)
	At June 30, 2014, the Company had undistributed earnings of foreign subsidiaries, amounting to $128.4 million on which deferred income taxes have not been provided because earnings are expected to be reinvested indefinitely outside of the U.S.  Upon distribution of those earnings in the form of dividends or otherwise, the Company would be subject to U.S. income taxes and withholding taxes in various foreign tax jurisdictions. It is not practical to calculate these taxes due to the complex and hypothetical nature of the calculations.
	A reconciliation of the beginning and ending amount of gross unrecognized tax benefits for uncertain tax positions is as follows:
		Years Ended June 30,
	($ in millions)	2014			2013			2012
	Balance, beginning	$	1.4		$	2.3		$	1.9
	Additions based on tax positions of prior years	—			0.6			—
	Additions based on tax positions of current years	—			—			0.4
	Reductions as a result of a lapse of statute of limitations	(1.1		)	(1.3		)	—
	Reductions based on tax positions of prior year	(0.1		)	(0.2		)	—
	Reductions as a result of settlements with taxing authorities	(0.2		)	—			—
	Balance, ending	$	—		$	1.4		$	2.3
	The liability for unrecognized tax benefits as of June 30, 2014 is $0.0 million. The net amounts at June 30, 2013 and 2012 were $1.4 million and $0.8 million, respectively. It is reasonably possible that the amount of the unrecognized tax benefits will change within the next twelve months; however, any such changes should not have a significant impact on the Company’s consolidated financial statements.
	It is the Company’s policy to classify interest and penalties recognized on uncertain tax positions as a component of income tax expense. The Company’s income tax expense included a benefit of $0.6 million, a benefit of $0.3 million and a charge of $0.4 million related to interest and penalties for the years ended June 30, 2014, 2013 and 2012, respectively.  In addition, $0.0 million and $0.6 million were included in accrued income taxes in the consolidated balance sheet as of June 30, 2014 and 2013, respectively.
	All years prior to June 30, 2010 have been settled with the Internal Revenue Service and with most significant state tax jurisdictions. The Company has not extended any statute of limitations period for any significant location in which it operates. Generally, tax years are open to examination for a period of four to six years following the filing of the tax returns.

Other_Income_Net

Other Income, Net	12 Months Ended
	Jun. 30, 2014
Other Income, Net	'
Other Income, Net	'
	17.                               Other Income, Net
	Other income, net consists of the following:
		Years Ended June 30,
	($ in millions)	2014			2013		2012
	Interest income	$	0.2		$	0.3	$	0.9
	Equity in earnings of unconsolidated subsidiaries	0.6			1.3		0.6
	Unrealized gains (losses) on company owned life insurance contracts and investments held in rabbi trusts	2.1			3.4		(0.4		)
	Foreign Exchange	(1.5		)	—		1
	Other	—			0.1		0.2
	Total other income, net	$	1.4		$	5.1	$	2.3

Superalloy_Powders_Technical_A

Superalloy Powders Technical Assistance and Powder Supply Agreements	12 Months Ended
	Jun. 30, 2014
Superalloy Powders Technical Assistance and Powder Supply Agreements	'
Superalloy Powders Technical Assistance and Powder Supply Agreements	'
	18.                               Superalloy Powders Technical Assistance and Powder Supply Agreements
	On September 30, 2013, the Company entered into a multi-level agreement with United Technologies Corporation (“UTC”) through its Pratt & Whitney Division, which includes a technical assistance agreement and a long-term powder supply agreement. The technical assistance agreement provides for the licensing of technology associated with the production of superalloy powders. As a result of the agreements, the Company started construction of a superalloy powder facility which is expected to take approximately 18 months to build at an estimated cost of $20 million. Once the facility is qualified by UTC, the Company will supply UTC with superalloy powder for up to 20 years. The powder supply agreement provides for minimum guaranteed purchase quantities of specified materials for a period of 12 years.
	According to the terms of the technology licensing agreement, the Company agreed to pay a $13.0 million up-front license fee, which is payable in equal quarterly installments beginning on December 15, 2013.  This amount has been capitalized and will be amortized as reduction to revenue over the term of the minimum guarantee period of 12 years.  During fiscal year 2014 the Company paid $9.8 million related to the up-front license fee. As of June 30, 2014, $13.0 million and $3.2 million of the upfront license fee are included in other assets and accrued liabilities, respectively.

Segment_Information_Geographic

Segment Information, Geographic and Product Data	12 Months Ended
	Jun. 30, 2014
Segment Information, Geographic and Product Data	'
Segment Information, Geographic and Product Data	'
	19.                               Segment Information, Geographic and Product Data
	The Company changed its reportable segments beginning with fiscal year 2014 first quarter results.  The change reflects the completion of the integration of the Latrobe Specialty Metals, Inc. (“Latrobe”) businesses acquired by the Company in February 2012.  Prior to this change, the Latrobe businesses were reported as a separate segment to provide management with the focus and visibility into the business of the acquired operations. The previously reported Latrobe segment also included the results of the Company’s distribution business in Mexico.  Since the Latrobe businesses are now fully integrated, the previously reported Latrobe segment has been merged into the Company’s operating model, in which the Company’s integrated steel mill operations are managed distinctly from the collection of other differentiated operations. Beginning the first quarter of fiscal year 2014, the Company has two reportable segments, Specialty Alloys Operations (“SAO”) and Performance Engineered Products (“PEP”).
	The SAO segment is comprised of the Company’s major premium alloy and stainless steel manufacturing operations. This includes operations performed at mills primarily in Reading and Latrobe and surrounding areas in Pennsylvania, South Carolina and the new premium products manufacturing facility in Limestone County, Alabama. The combined assets of the SAO operations are being managed in an integrated manner to optimize efficiency and profitability across the total system.
	The PEP segment is comprised of the Company’s differentiated operations. This segment includes the Dynamet titanium business, the Carpenter Powder Products business, the Amega West business, the Specialty Steel Supply business and the Latrobe and Mexico distribution businesses. The businesses in the PEP segment are managed with an entrepreneurial structure to promote speed and flexibility, and drive overall revenue and profit growth.
	Our executive management evaluates the performance of these operating segments based on sales, operating income and cash flow generation. Segment operating profit excludes general corporate costs, which include executive and director compensation, and other corporate facilities and administrative expenses not allocated to the segments. Also excluded are items that management considers not representative of ongoing operations, such as restructuring related charges, transaction costs associated with acquisitions, and other specifically-identified income or expense items.  The accounting policies of our reportable segments are the same as those described in the Summary of Significant Accounting Policies.
	The service cost component of the Company’s net pension expense, which represents the estimated cost of future pension liabilities earned associated with active employees, is included in the operating income of the business segments.  The residual net pension expense, which is comprised of the expected return on plan assets, interest costs on the projected benefit obligations of the plans, and amortization of actuarial gains and losses and prior service costs, is included under the heading “Pension earnings, interest & deferrals.”
	On a consolidated basis, no single customer accounted for 10 percent or more of the Company’s sales for the years ended June 30, 2014, June 30, 2013 and June 30, 2012.
	Segment Data		Years Ended June 30,
	($ in millions)		2014			2013			2012
	Net Sales:
	Specialty Alloys Operations		$	1,741.60		$	1,823.50		$	1,672.00
	Performance Engineered Products		498.6			520.1			444.9
	Intersegment		(67.2		)	(71.9		)	(88.2		)
	Consolidated net sales		$	2,173.00		$	2,271.70		$	2,028.70
			Years Ended June 30,
	($ in millions)		2014			2013			2012
	Operating Income:
	Specialty Alloys Operations		$	232.7		$	268.5		$	236.3
	Performance Engineered Products		45.5			45.2			48.2
	Corporate costs		(43.8		)	(47.7		)	(53.2		)
	Pension earnings, interest & deferrals		(21.8		)	(31.9		)	(15.3		)
	Intersegment		(0.6		)	(1.4		)	(5.9		)
	Consolidated operating income		$	212		$	232.7		$	210.1
			Years Ended June 30,
	($ in millions)		2014			2013			2012
	Depreciation and Amortization:
	Specialty Alloys Operations		$	83.4		$	76.7		$	59.7
	Performance Engineered Products		23.8			22.1			18.8
	Corporate		5.5			5.9			5.6
	Intersegment		(0.8		)	(0.6		)	(0.3		)
	Consolidated depreciation and amortization		$	111.9		$	104.1		$	83.8
			Years Ended June 30,
	($ in millions)		2014			2013			2012
	Capital Expenditures:
	Specialty Alloys Operations		$	319.9		$	283.5		$	114.3
	Performance Engineered Products		24.7			24.1			40.2
	Corporate		5.4			4.1			5.4
	Intersegment		(0.8		)	(1.5		)	(2.1		)
	Consolidated capital expenditures		$	349.2		$	310.2		$	157.8
			June 30,
		($ in millions)	2014			2013
		Total Assets:
		Specialty Alloys Operations	$	2,454.80		$	2,192.70
		Performance Engineered Products	491.7			498.5
		Corporate	144.9			233.7
		Intersegment	(33.9		)	(42.0		)
		Consolidated total assets	$	3,057.50		$	2,882.90
	Geographic Data		Years Ended June 30,
	($ in millions)		2014			2013			2012
	Net Sales:(a)
	United States		$	1,537.90		$	1,575.30		$	1,364.20
	Europe		349.5			382.1			375.9
	Asia Pacific		137.1			153.6			142.1
	Canada		65.3			59.8			52.1
	Mexico		59.2			66.6			68.8
	Other		24			34.3			25.6
	Consolidated net sales		$	2,173.00		$	2,271.70		$	2,028.70
	(a) Net sales were attributed to countries based on the location of the customer.
			June 30,
		($ in millions)	2014			2013
		Long-lived assets:
		United States	$	1,379.50		$	1,142.50
		Asia Pacific	11.6			9.1
	Canada	8.4			9.1
	Europe	6.1			6.1
	Mexico	1.4			1.6
	Consolidated long-lived assets	$	1,407.00		$	1,168.40
		Years Ended June 30,
($ in millions)		2014			2013			2012
Product Data
Special alloys		$	917		$	989.9		$	931.4
Stainless steel		643.6			638.8			637.3
Alloy and tool steel		240.4			255.7			108.6
Titanium products		157.7			155			156.6
Powder metals		48.6			60.4			64.3
Distribution and other		165.7			171.9			130.5
Total net sales		$	2,173.00		$	2,271.70		$	2,028.70

Recent_Accounting_Pronouncemen

Recent Accounting Pronouncements	12 Months Ended
	Jun. 30, 2014
Recent Accounting Pronouncements	'
Recent Accounting Pronouncements	'
	20.                               Recent Accounting Pronouncements
	In March 2013, the FASB issued Accounting Standards Update No. 2013-05, Parent Entity’s Accounting for the Cumulative Translation Adjustment Upon Derecognition of Certain Subsidiaries or Groups of Assets within a Foreign Entity or of an Investment in a Foreign Entity. The guidance in ASU 2013-05 requires that a cumulative translation adjustment (CTA) should be released into earnings when an entity ceases to have a controlling financial interest in a subsidiary or group of assets within a consolidated foreign entity and the sale or transfer results in the complete or substantially complete liquidation of the foreign entity. For sales of an equity method investment that is a foreign entity, a pro rata portion of CTA attributable to the investment would be recognized in earnings when the investment is sold. When an entity sells either a part or all of its investment in a consolidated foreign entity, CTA would be recognized in earnings only if the sale results in the parent no longer having a controlling financial interest in the foreign entity. In addition, CTA should be recognized in earnings in a business combination achieved in stages (i.e., a step acquisition). The guidance in ASU 2013-05 is required to be applied for annual reporting periods beginning after December 15, 2013, and interim periods within those annual periods. The Company is evaluating the impact of the adoption of ASU 2013-05 and does not expect the adoption to have a significant impact on the Company’s Consolidated Financial Statements.
	In April 2014, the FASB issued Accounting Standards Update No. 2014-08, Presentation of Financial Statements (Topic 205) and Property, Plant, and Equipment (Topic 360): Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity.  The guidance in ASU 2014-08 changes the criteria for reporting discontinued operations while enhancing disclosures in this area.  Under the new guidance, only disposals representing a strategic shift in operations should be presented as discontinued operations.  The guidance is ASU 2014-08 is required for annual periods beginning on or after December 15, 2014, and interim periods within those years.  The Company is evaluating the impact of the adoption of ASU 2014-08 and does not expect the adoption to have a significant impact on the Company’s Consolidated Financial Statements.
	In May 2014, the FASB issued Accounting Standards Update No. 2014-09, Revenue from Contracts with Customers (Topic 606).  The guidance in ASU 2014-09 requires that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services.  The guidance in ASU 2014-09 is required effective for annual reporting periods beginning after December 15, 2016, including interim periods within that reporting period. Early application is not permitted.  The Company is evaluating the impact of the adoption of ASU 2014-09 and does not expect the adoption to have a significant impact on the Company’s Consolidated Financial Statements.

Reclassifications_from_Accumul

Reclassifications from Accumulated Other Comprehensive Income (AOCI)	12 Months Ended
	Jun. 30, 2014
Reclassifications from Accumulated Other Comprehensive Income (AOCI)	'
Reclassifications from Accumulated Other Comprehensive Income (AOCI)	'
	21.                               Reclassifications from Accumulated Other Comprehensive Income (AOCI)
	The changes in AOCI by component, net of tax, for the year ended June 30, 2014 were as follows:
	($ in millions) (a)	Cash flow			Pension and			Unrealized			Foreign			Total
		hedging items			other			losses on			currency
					postretirement			available-for-			items
					benefit plan			sale securities
					items
	Balance at June 30, 2013	$	(41.5	)	$	(273.6	)	$	(0.4	)	$	(20.2	)	$	(335.7	)
	Other comprehensive income before reclassifications	36			22.2			—			4.5			62.7
	Amounts reclassified from AOCI (b)	13.1			14.7			—			—			27.8
	Net current-period other comprehensive income	49.1			36.9			—			4.5			90.5
	Balance at June 30, 2014	$	7.6		$	(236.7	)	$	(0.4	)	$	(15.7	)	$	(245.2	)
	(a)         All amounts are net of tax. Amounts in parentheses indicate debits.
	(b)         See separate table below for further details.
	The following is a summary of amounts reclassified from AOCI for the year ended June 30, 2014:
				Amount
				Reclassified
				from AOCI
	($ in millions) (a)	Location of		Year Ended
		(loss) gain		30-Jun-14
	Details about AOCI Components
	Cash flow hedging items
	Commodity contracts	Cost of sales		$	(20.5	)
	Foreign exchange contracts	Net sales		(0.8		)
	Forward interest rate swaps	Interest expense		0.4
		Total before tax		(20.9		)
		Tax benefit		7.8
		Net of tax		$	(13.1	)
	Amortization of pension and other postretirement benefit plan items
	Net actuarial loss	(b)		$	(23.0	)
	Prior service cost	(b)		(0.4		)
		Total before tax		(23.4		)
		Tax benefit		8.7
		Net of tax		$	(14.7	)
	(a)            Amounts in parentheses indicate debits to income/loss.
	(b)            These AOCI components are included in the computation of net periodic benefit cost (see Note 10 for additional details).

Supplemental_Data

Supplemental Data	12 Months Ended
	Jun. 30, 2014
Supplemental Data	'
Supplemental Data	'
	22.                               Supplemental Data
	The following are additional required disclosures and other material items:
		Years Ended June 30,
	($ in millions)	2014			2013			2012
	Cost Data:
	Repairs and maintenance costs	$	108.9		$	101.9		$	90.3
	Cash Flow Data:
	Noncash investing and financing activities:
	Treasury shares issued in connection with acquisition of business	$	—		$	—		$	415.5
	Noncash purchases of property, equipment and software	$	8.5		$	26.7		$	14.1
	Cash paid during the year for:
	Interest payments	$	15.1		$	16.8		$	20.2
	Income tax payments, net	$	70.8		$	51.2		$	18.5
		June 30,
	($ in millions)	2014			2013			2012
	Accumulated Other Comprehensive (Loss) Gain:
	Foreign currency translation adjustment	$	(15.7	)	$	(20.2	)	$	(24.9	)
	Pension and post-retirement benefits, net of tax	(236.7		)	(273.6		)	(354.1		)
	Net unrealized gains (losses) on derivatives, net of tax	7.6			(41.5		)	(32.8		)
	Unrealized losses on marketable securities, net of tax	(0.4		)	(0.4		)	(0.7		)
	Total Accumulated Other Comprehensive Loss	$	(245.2	)	$	(335.7	)	$	(412.5	)

Quarterly_Financial_Data_Unaud

Quarterly Financial Data (Unaudited)	12 Months Ended
	Jun. 30, 2014
Quarterly Financial Data (Unaudited)	'
Quarterly Financial Data (Unaudited)	'
	Quarterly Financial Data (Unaudited)
	Quarterly sales and earnings results are normally influenced by seasonal factors.  Historically, the first two fiscal quarters (three months ending September 30 and December 31) are typically the lowest principally because of annual plant vacation and maintenance shutdowns by Carpenter and by many of its customers.  However, the timing of major changes in the general economy or the markets for certain products can alter this pattern.
	(dollars and shares in millions, except per share	First		Second		Third		Fourth
	amounts)	Quarter		Quarter		Quarter		Quarter
	Results of Operations
	Fiscal Year 2014
	Net sales	$	498.6	$	503.5	$	566.3	$	604.6
	Gross profit	$	103.3	$	95.4	$	94.5	$	105.6
	Operating income	$	55.8	$	47.5	$	49.5	$	59.2
	Net income	$	34.6	$	29.5	$	30.6	$	38.1
	Net income attributable to Carpenter	$	34.6	$	29.5	$	30.6	$	38.1
	Fiscal Year 2013
	Net sales	$	544.9	$	533.5	$	581.4	$	611.8
	Gross profit	$	109.3	$	102.6	$	101	$	120.5
	Operating income	$	61.6	$	52.7	$	53	$	65.4
	Net income	$	39.5	$	33.2	$	32.9	$	40.9
	Net income attributable to Carpenter	$	39.2	$	33	$	32.9	$	40.9
	Earnings per common share
	Fiscal Year 2014	First		Second		Third		Fourth
		Quarter		Quarter		Quarter		Quarter
	Basic earnings	$	0.65	$	0.55	$	0.57	$	0.71
	Diluted earnings	$	0.65	$	0.55	$	0.57	$	0.71
	Fiscal Year 2013	First		Second		Third		Fourth
		Quarter		Quarter		Quarter		Quarter
	Basic earnings	$	0.74	$	0.62	$	0.62	$	0.77
	Diluted earnings	$	0.74	$	0.62	$	0.62	$	0.77
	Weighted average common shares outstanding	First		Second		Third		Fourth
	(in millions)	Quarter		Quarter		Quarter		Quarter
	Fiscal Year 2014
	Basic	53.1		53.2		53.3		53.4
	Diluted	53.4		53.6		53.7		53.8
	Fiscal Year 2013
	Basic	52.8		52.9		52.9		52.9
	Diluted	53.2		53.3		53.2		53.3

SCHEDULE_II_VALUATION_AND_QUAL

SCHEDULE II. VALUATION AND QUALIFYING ACCOUNTS	12 Months Ended
	Jun. 30, 2014
SCHEDULE II. VALUATION AND QUALIFYING ACCOUNTS	'
SCHEDULE II. VALUATION AND QUALIFYING ACCOUNTS	'
	CARPENTER TECHNOLOGY CORPORATION AND SUBSIDIARIES
	SCHEDULE II. VALUATION AND QUALIFYING ACCOUNTS
	($ in millions)
	Column A	Column B		Column C						Column D			Column E
				Additions
	Description	Balance at		Charged to			Charged to			Deductions			Balance at
		Beginning		Costs &			Other						End of
		of Period		Expenses			Accounts						Period
	Year ended June 30, 2014
	Allowance for doubtful accounts receivable	$	4.1	$	0.1		$	—		$	(0.8	)	$	3.4
	Deferred tax valuation allowance	$	19.2	$	(1.4	)	$	—		$	—		$	17.8
	Inventory reserves	$	23.1	$	(1.6	)	$	—		$	(0.5	)	$	21
	Year ended June 30, 2013
	Allowance for doubtful accounts receivable	$	4.9	$	0.6		$	—		$	(1.4	)	$	4.1
	Deferred tax valuation allowance	$	18.1	$	1.1		$	—		$	—		$	19.2
	Inventory reserves	$	18.2	$	2.9		$	2		$	—		$	23.1
	Year ended June 30, 2012
	Allowance for doubtful accounts receivable	$	2.7	$	0.7		$	1.7	*	$	(0.2	)	$	4.9
	Deferred tax valuation allowance	$	17.5	$	0.6		$	—		$	—		$	18.1
	Inventory reserves	$	12	$	1.2		$	5.2	*	$	(0.2	)	$	18.2
	*Amount represents balance acquired through the Latrobe acquisition

Summary_of_Significant_Account1

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Jun. 30, 2014
Summary of Significant Accounting Policies	'
Basis of Consolidation	'
	Basis of Consolidation
	The consolidated financial statements include the accounts of Carpenter and all majority-owned subsidiaries.  All significant intercompany accounts and transactions are eliminated.  Investments in companies in which Carpenter exercises significant influence, but which it does not control (generally a 20 to 50 percent ownership interest), are accounted for on the equity method of accounting and Carpenter’s share of their income or loss is included in other income, net in the consolidated statements of income. In November 2012, the Company dissolved its strategic partnership with Sandvik Materials Technology (“Sandvik”). Prior to the dissolution of the strategic partnership, the Company owned a 40 percent interest in Sandvik Powdermet AB, which the Company accounted for as an equity method investment. In addition, Sandvik owned a 40 percent interest in Carpenter Powder Products AB which has historically been reported as a noncontrolling interest.  Prior to November 2012, the financial results of Carpenter Powder Products AB were consolidated into the Company’s operating results and financial position, with the 40 percent interest of the noncontrolling partner recognized in the consolidated statement of income as net income attributable to noncontrolling interest and as equity attributable to the noncontrolling interest within total equity.
Revenue Recognition	'
	Revenue Recognition
	Revenue, net of related discounts, rebates, returns and allowances of $28.3 million, $26.4 million and $18.7 million for the years ended June 30, 2014, 2013 and 2012 respectively, is recognized when title and risk of loss has transferred to the customer, collectability is reasonably assured and pricing is fixed and determinable. This generally occurs when products are shipped.
Freight and Handling Fees and Costs	'
	Freight and Handling Fees and Costs
	Freight and handling costs billed separately to customers are included as part of net sales, and freight and handling costs expensed are included as part of cost of sales on the consolidated statements of income.
Research and Development	'
	Research and Development
	Research and development expenditures, which amounted to $18.5 million, $19.4 million and $20.5 million in fiscal years 2014, 2013 and 2012, respectively, are expensed as incurred and are generally reported in cost of sales in the consolidated statement of income.  The research and development expenditures consist principally of salaries and benefits, building costs, utilities and administrative expenses.  Substantially all development costs are related to developing new products or designing significant improvements to existing products.
Cash Equivalents	'
	Cash Equivalents
	Cash equivalents consist of highly liquid instruments with original maturities of three months or less.  Cash equivalents are stated at cost, which approximates market.
Accounts Receivable	'
	Accounts Receivable
	Trade receivables are carried at original invoice amount less an estimate made for doubtful receivables based on a review of outstanding amounts. Trade credit is extended based upon periodic evaluation of each customer’s ability to perform its obligations. The Company determines accounts receivable allowances based on an aging of accounts and a review of specific accounts identified as collection risks. The Company does not require collateral to secure accounts receivable.
Inventories	'
	Inventories
	Inventories are valued at the lower of cost or market.  Cost for inventories is principally determined by the Last-In, First-Out (“LIFO”) method.  Carpenter also uses the First-In, First-Out (“FIFO”) and average cost methods.  As of June 30, 2014 and 2013, $161.2 million and $173.3 million of inventory, respectively, was accounted for using a method other than the LIFO method.
Property, Plant and Equipment and Depreciation	'
	Property, Plant and Equipment and Depreciation
	Fixed assets are stated at historical cost less accumulated depreciation.  Depreciation for financial reporting purposes is computed by the straight-line method over the estimated useful lives of the assets.  Depreciation for income tax purposes is computed using accelerated methods.  Upon disposal, assets and related depreciation are removed from the accounts and the differences between the net amounts and proceeds from disposal are included in cost of goods sold in the consolidated statement of income.
Computer Software and Amortization	'
	Computer Software and Amortization
	Computer software is included in other assets on the consolidated balance sheet, and is amortized for financial reporting purposes on a straight-line basis over the respective estimated useful lives ranging principally from 3 to 7 years. Amortization expense charged to operations related to capitalized software amounted to $6.4 million, $6.8 million and $6.1 million for the years ended June 30, 2014, 2013 and 2012, respectively.
Goodwill	'
	Goodwill
	Goodwill, representing the excess of the cost over the net tangible and identifiable intangible assets of acquired businesses, is stated at cost. Goodwill is not amortized but instead is annually tested for impairment, or more frequently if events or circumstances indicate that the carrying amount of goodwill may be impaired.  Potential impairment is identified by comparing the fair value of a reporting unit to its carrying value, including goodwill.  The fair value is estimated using discounted cash flow and the use of market multiples valuation techniques. These valuation techniques require the use of estimates and assumptions related to projected operating results, capital expenditures and working capital levels as well as the cost of capital. If the carrying value of the reporting unit exceeds its fair value, any impairment loss is measured by comparing the carrying value of the reporting unit’s goodwill to its implied fair value.
Intangible assets	'
	Intangible assets
	The costs of intangible assets, consisting principally of trademarks, trade names, non-compete arrangements, contracts and customer relationships are amortized on a straight-line basis over the estimated useful lives ranging from 2.5 to 30 years.
Impairment of Long-Lived Assets	'
	Impairment of Long-Lived Assets
	Long-lived assets, including property, plant and equipment and intangible assets subject to amortization are reviewed for impairment and written down to fair value whenever events or changes in circumstances indicate that the carrying value may not be recoverable through future undiscounted cash flows.  The amount of the impairment loss is the excess of the carrying amount of the impaired assets over the fair value of the assets based upon discounted future cash flows.
Environmental Expenditures	'
	Environmental Expenditures
	Environmental expenditures that pertain to current operations or to future revenues are expensed or capitalized consistent with Carpenter’s capitalization policy for property, plant and equipment.  Expenditures that result from the remediation of an existing condition caused by past operations and that do not contribute to current or future revenues are expensed.  Liabilities are recognized for remedial activities when the remediation is probable and the cost can be reasonably estimated.  Recoveries of expenditures for environmental remediation are recognized as assets only when recovery is deemed probable.  Most estimated liabilities are not discounted to present value, but estimated assets are measured on a discounted basis.  For one former operating facility site, due to the routine nature of the expected costs, the liability for future costs is discounted to present value over 20 years.
Derivative Financial Instruments	'
	Derivative Financial Instruments
	All derivative financial instruments are recorded on the balance sheet at their fair value and changes in fair value are recorded each period in current earnings or other comprehensive income.  Carpenter enters into derivative financial instruments to hedge certain anticipated transactions, firm commitments or assets and liabilities denominated in foreign currencies.  The Company has utilized interest rate swaps to convert fixed rate debt to floating rate.
Foreign Currency Translation	'
	Foreign Currency Translation
	Assets and liabilities of most international operations are translated into U.S. dollars at exchange rates in effect at year-end, and their income statements are translated at the average monthly exchange rates prevailing during the year.  The resulting translation gains and losses are recorded each period as a component of accumulated other comprehensive income until the international entity is sold or liquidated. Gains and losses from transactions denominated in foreign currencies are reported in other income, net in the consolidated statement of income.
Income Taxes	'
	Income Taxes
	Deferred income taxes are recognized by applying enacted statutory tax rates, applicable to future years, to temporary differences between the tax bases and financial statement carrying values of Carpenter’s assets and liabilities.  Valuation allowances are recorded to reduce deferred tax assets to amounts that are more likely than not to be realized.
	Significant judgments, estimates and assumptions are required in determining tax return reporting positions and in calculating provisions for income tax, which are based on interpretations of tax regulations and accounting pronouncements. Liabilities are established for uncertain tax positions when it is more likely than not that such positions, if challenged would not be sustained upon review by taxing authorities. These liabilities are re-evaluated as tax regulations and facts and circumstances change, such as the closing of a tax audit or the expiration of the statute of limitations for a specific exposure.
Earnings per Share	'
	Earnings per Share
	The Company calculates basic and diluted earnings per share using the two class method.  Under the two class method, earnings are allocated to common stock and participating securities (restricted stock units that receive non-forfeitable dividends) according to their participation rights in dividends and undistributed earnings.  The earnings available to each class of stock are divided by the weighted average number of shares for the period in each class.  Diluted earnings per share assume the issuance of common stock for all potentially dilutive share equivalents outstanding.
Concentration of Credit Risk	'
	Concentration of Credit Risk
	Financial instruments that are potentially subject to concentrations of credit risk consist primarily of cash and cash equivalents, investments in marketable securities and trade receivables. Investment and cash management policies have been implemented that limit deposit concentrations and limit investments to investment grade securities. The risk with respect to trade receivables is mitigated by monitoring payment terms and periodic credit evaluations we perform on our customers, the short duration of our payment terms and by the diversification of our customer base. During fiscal years 2014, 2013 and 2012, no customer accounted for 10 percent or more of total net sales.
Use of Estimates	'
	Use of Estimates
	The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period.  Actual results could differ from those estimates.
Reclassifications	'
	Reclassifications
	Certain amounts in the consolidated financial statements and notes to consolidated financial statements for prior years have been reclassified to conform to the fiscal year 2014 presentation.

Revision_to_Statements_of_Cash1

Revision to Statements of Cash Flows (Tables)	12 Months Ended
	Jun. 30, 2014
Revision to Statements of Cash Flows	'
Summary of effects of the revisions to the statement of cash flows	'
	June 30, 2013
	($ in millions)	As Reported			Revision Impact			As Revised
	Net cash provided from (used for) operating activities	$	215.2		$	(26.7	)	$	188.5
	Net cash (used for) provided from investing activities	(327.7		)	26.7			(301.0		)
	Net cash provided from financing activities	155.5			—			155.5
	Effect of exchange rate changes on cash and cash equivalents	3.5			—			3.5
	Increase in cash and cash equivalents	$	46.5		$	—		$	46.5
	June 30, 2012
	($ in millions)	As Reported			Revision Impact			As Revised
	Net cash provided from (used for) operating activities	$	160.3		$	(14.1	)	$	146.2
	Net cash (used for) provided from investing activities	(154.9		)	14.1			(140.8		)
	Net cash used for financing activities	(283.4		)	—			(283.4		)
	Effect of exchange rate changes on cash and cash equivalents	(3.5		)	—			(3.5		)
	Decrease in cash and cash equivalents	$	(281.5	)	$	—		$	(281.5	)

Acquisition_Tables

Acquisition (Tables) (Latrobe Acquisition)	12 Months Ended
	Jun. 30, 2014
Latrobe Acquisition	'
Acquisition and strategic partnership disclosures	'
Summary of purchase price allocation	'
	($ in millions)	Purchase
		Price
		Allocation
	Accounts receivable	$	67
	Inventory	242.6
	Property, plant and equipment	172.4
	Intangible assets	87.1
	Other	9.8
	Accounts Payable and accrued liabilities	(64.1		)
	Long-term debt	(153.7		)
	Pension and other postretirement liabilities	(100.8		)
	Deferred income taxes	(45.0		)
	Total identifiable net assets	215.3
	Goodwill	211.7
	Total purchase price, net of cash acquired	$	427
Schedule of proforma results	'
	($ in millions, except per share data)			Year Ended
				June 30,
				2012
	Revenue			$	2,339.60
	Earnings			$	160.1
	Earnings per Common Share
	Basic			$	3.04
	Diluted			$	3.01

Earnings_per_Common_Share_Tabl

Earnings per Common Share (Tables)	12 Months Ended
	Jun. 30, 2014
Earnings per Common Share	'
Schedule of calculations of basic and diluted earnings from continuing operations per common share	'
		Years Ended June 30,
	($ in millions, except per share data)	2014			2013			2012
	Net income attributable to Carpenter	$	132.8		$	146.1		$	121.2
	Less: earnings and dividends allocated to participating securities	(0.4		)	(0.8		)	(1.1		)
	Earnings available for Carpenter common shareholders used in calculation of basic earnings per share	$	132.4		$	145.3		$	120.1
	Weighted average number of common shares outstanding, basic	53.3			52.9			47.1
	Basic earnings per common share	$	2.48		$	2.75		$	2.55
	Net income attributable to Carpenter	$	132.8		$	146.1		$	121.2
	Less: earnings and dividends allocated to participating securities	(0.4		)	(0.8		)	(1.1		)
	Earnings available for Carpenter common shareholders used in calculation of diluted earnings per share	$	132.4		$	145.3		$	120.1
	Weighted average number of common shares outstanding, basic	53.3			52.9			47.1
	Effect of shares issuable under share-based compensation plans	0.3			0.3			0.4
	Weighted average number of common shares outstanding, diluted	53.6			53.2			47.5
	Diluted earnings per common share	$	2.47		$	2.73		$	2.53
Schedule of awards issued under share-based compensation plans excluded from the calculations of diluted earnings per share	'
		Years Ended June 30,
	(in millions)	2014		2013		2012
	Stock options	0.1		0.4		—

Inventories_Tables

Inventories (Tables)	12 Months Ended
	Jun. 30, 2014
Inventories	'
Schedule of inventories	'
		June 30,
	($ in millions)	2014		2013
	Raw materials and supplies	$	122.3	$	111.6
	Work in process	393.9		325.9
	Finished and purchased products	183		221.7
	Total inventory	$	699.2	$	659.2

Property_Plant_and_Equipment_T

Property, Plant and Equipment (Tables)	12 Months Ended
	Jun. 30, 2014
Property, Plant and Equipment	'
Summary of property, plant and equipment	'
		June 30,
	($ in millions)	2014		2013
	Land	$	27.1	$	20.9
	Buildings and building equipment	451.3		326.4
	Machinery and equipment	1,956.10		1,555.70
	Construction in progress	79.1		292.1
	Total at cost	2,513.60		2,195.10
	Less: accumulated depreciation and amortization	1,106.60		1,026.70
	Total property, plant, and equipment	$	1,407.00	$	1,168.40
Schedule of estimated useful lives of depreciable assets	'
	Asset Category	Useful Life
		(in Years)
	Buildings and building equipment	10 – 45
	Machinery and equipment	3 – 30

Goodwill_and_Other_Intangible_1

Goodwill and Other Intangible Assets, Net (Tables)	12 Months Ended
	Jun. 30, 2014
Goodwill and Other Intangible Assets, Net	'
Schedule of changes in carrying amount of goodwill by reportable segment	'
	($ in millions)	June 30,			Other			June 30,			Other			June 30,
		2012						2013						2014
	Goodwill	$	295.2		$	(2.8	)	$	292.4		$	—		$	292.4
	Accumulated impairment losses	(34.7		)	—			(34.7		)	—			(34.7		)
	Total goodwill	$	260.5		$	(2.8	)	$	257.7		$	—		$	257.7
	Specialty Alloys Operations	$	202.9		$	(7.4	)	$	195.5		$	—		$	195.5
	Performance Engineered Products	57.6			4.6			62.2			—			62.2
	Total goodwill	$	260.5		$	(2.8	)	$	257.7		$	—		$	257.7
Schedule of other intangible assets, net	'
				June 30, 2014									June 30, 2013
	($ in millions)	Useful Life		Gross			Accumulated			Net Carrying			Gross			Accumulated			Net Carrying
		(in Years)		Carrying			Amortization			Amount			Carrying			Amortization			Amount
				Amount									Amount
	Trademarks and trade names	2.5 - 30		$	42		$	(27.2	)	$	14.8		$	42		$	(22.1	)	$	19.9
	Customer relationships	15-May		78.2			(15.2		)	63			78.2			(9.4		)	68.8
	Non-compete agreements	6.5		5.4			(2.9		)	2.5			5.4			(2.1		)	3.3
	Contracts	2.9		1.5			(1.2		)	0.3			3.7			(0.7		)	3
	Total			$	127.1		$	(46.5	)	$	80.6		$	129.3		$	(34.3	)	$	95

Debt_Tables

Debt (Tables)	12 Months Ended
	Jun. 30, 2014
Debt	'
Schedule of long-term debt outstanding	'
		June 30,
	($ in millions)	2014		2013
	Medium-term notes, Series B at 6.97% to 7.10% due from April 2018 to May 2018 (face value of $55.0 million at June 30, 2014 and 2013)	$	55	$	55
	Senior unsecured notes, 5.20% due July 2021 (face value of $250.0 million at June 30, 2014 and 2013)	249.7		249.7
	Senior unsecured notes, 4.45% due March 2023 (face value of $300.0 million at June 30, 2014 and 2013)	299.6		299.5
	Total	604.3		604.2
	Less amounts due within one year	—		—
	Long-term debt, net of current portion	$	604.3	$	604.2

Accrued_Liabilities_Tables

Accrued Liabilities (Tables)	12 Months Ended
	Jun. 30, 2014
Accrued Liabilities	'
Schedule of accrued liabilities	'
		June 30,
	($ in millions)	2014		2013
	Accrued compensation and benefits	$	49.8	$	62
	Accrued pension liabilities	19.3		9.7
	Accrued postretirement benefits	15.5		15.4
	Accrued interest expense	11.2		11.2
	Deferred revenue	7.5		5.2
	Derivative financial instruments	4.7		29.1
	Accrued income taxes	8.4		8.1
	Other	31.6		27.8
	Total accrued liabilities	$	148	$	168.5

Pension_and_Other_Postretireme1

Pension and Other Postretirement Benefits (Tables)	12 Months Ended
	Jun. 30, 2014
Pension and Other Postretirement Benefits	'
Schedule of reconciliation of benefit obligations, plan assets and funded status of the plans	'
								Other
		Pension Plans						Postretirement Plans
	($ in millions)	2014			2013			2014			2013
	Change in projected benefit obligation:
	Projected benefit obligation at beginning of year	$	1,186.70		$	1,218.10		$	259.8		$	282.2
	Service cost	32.1			32.5			4			4.4
	Interest cost	57.5			53			12.5			12.2
	Benefits paid	(81.0		)	(70.6		)	(13.5		)	(13.1		)
	Actuarial loss (gain)	53.2			(45.7		)	22.4			(25.9		)
	Plan settlements	(0.2		)	(0.6		)	—			—
	Plan amendments	(1.3		)	—			—			—
	Projected benefit obligation at end of year	$	1,247.00		$	1,186.70		$	285.2		$	259.8
	Change in plan assets:
	Fair value of plan assets at beginning of year	$	930.2		$	770.9		$	93.2		$	85.3
	Actual return	165.7			82.3			13.7			8.2
	Benefits paid	(81.0		)	(70.6		)	(13.5		)	(13.1		)
	Contributions	9.8			148.2			13.1			12.8
	Plan settlements	(0.3		)	(0.6		)	—			—
	Fair value of plan assets at end of year	$	1,024.40		$	930.2		$	106.5		$	93.2
	Funded status of the plans	$	(222.6	)	$	(256.5	)	$	(178.7	)	$	(166.6	)
Schedule of amounts recognized in the consolidated balance sheets	'
	Amounts recognized in the consolidated balance sheets:
	Other assets - noncurrent	$	0.1		$	0.1		$	—		$	—
	Accrued liabilities - current	(19.3		)	(9.7		)	(15.5		)	(15.4		)
	Accrued pension liabilities - noncurrent	(203.4		)	(246.9		)	—			—
	Accrued postretirement benefits	—			—			(163.2		)	(151.2		)
		$	(222.6	)	$	(256.5	)	$	(178.7	)	$	(166.6	)
Schedule of amounts recognized in the accumulated other comprehensive loss	'
								Other
		Pension Plans						Postretirement Plans
	($ in millions)	2014			2013			2014			2013
	Amounts recognized in accumulated other comprehensive loss:
	Net actuarial loss	$	341.2		$	412.4		$	50.8		$	36.9
	Prior service cost (credit)	1			2.9			—			(0.1		)
	Total	$	342.2		$	415.3		$	50.8		$	36.8
	Additional information:
	Accumulated benefit obligation for all pension plans	$	1,154.00		$	1,072.30		N/A			N/A
Schedule of projected benefit obligations in excess of plan assets	'
		Pension Plans						Other Postretirement Plans
	($ in millions)	2014			2013			2014			2013
	Projected benefit obligation	$	1,246.90		$	1,186.60		$	285.2		$	259.8
	Fair value of plan assets	$	1,024.20		$	930		$	106.5		$	93.2
Schedule of accumulated benefit obligations in excess of plan assets	'
		Pension Plans						Other Postretirement Plans
	($ in millions)	2014			2013			2014			2013
	Accumulated benefit obligation	$	1,153.90		$	1,072.20		$	285.2		$	259.8
	Fair value of plan assets	$	1,024.20		$	930		$	106.5		$	93.2
Schedule of components of the net periodic benefit cost	'
		Pension Plans									Other Postretirement Plans
	($ in millions)	2014			2013			2012			2014			2013			2012
	Service cost	$	32.1		$	32.5		$	23		$	4		$	4.4		$	3.7
	Interest cost	57.5			53			51.3			12.5			12.2			11.8
	Expected return on plan assets	(62.9		)	(54.8		)	(54.2		)	(6.5		)	(6.4		)	(6.4		)
	Amortization of net loss	21.8			28.1			17.5			1.2			3.2			2.6
	Amortization of prior service cost (benefit)	0.5			0.7			0.7			(0.1		)	(4.1		)	(7.9		)
	Net periodic benefit costs	$	49		$	59.5		$	38.3		$	11.1		$	9.3		$	3.8
Schedule of weighted-average assumptions used to determine benefit obligations and net periodic benefit cost	'
		Pension Plans						Other Postretirement Plans
		2014		2013		2012		2014		2013		2012
	Weighted-average assumptions used to determine benefit obligations at fiscal year end
	Discount rate	4.47	%	5	%	4.5	%	4.27	%	5	%	4.5	%
	Rate of compensation increase	3.57	%	3.66	%	3.67	%	N/A		N/A		N/A
		Pension Plans						Other Postretirement Plans
		2014		2013		2012		2014		2013		2012
	Weighted-average assumptions used to determine net periodic benefit cost for the fiscal year
	Discount rate	5	%	4.5	%	5.5	%	4.95	%	4.5	%	5.5	%
	Expected long-term rate of return on plan assets	7	%	7	%	7.5	%	7	%	7.5	%	8	%
	Long-term rate of compensation increase	3.57	%	3.67	%	3.66	%	N/A		N/A		N/A
Schedule of expected health care cost trend rates	'
		June 30,
		2014		2013
	Assumed health care cost trend rate	7.5	%	7.5	%
	Rate to which the cost trend rate is assumed to decline and remain (the ultimate trend rate)	5	%	5	%
	Year that the rate reaches the ultimate trend rate	2020		2020
Schedule of amounts in other comprehensive loss that are expected to be recognized as components of net periodic benefit cost	'
					Other
		Pension			Postretirement
	($ in millions)	Plans			Plans			Total
	Amortization of prior service cost	$	0.3		$	—		$	0.3
	Amortization of net actuarial loss	16.7			2			18.7
	Amortization of accumulated other comprehensive loss	$	17		$	2		$	19
Schedule of weighted-average asset allocations by asset category	'
		2014		2013
	Equity securities	55.1	%	63.5	%
	Fixed income securities	44.2		34.3
	Cash and cash equivalents	0.7		2.2
	Total	100	%	100	%
Schedule of fair values of pension plan by assets category	'
		June 30, 2014									June 30, 2013
		Fair Value									Fair Value
		Measurements Using									Measurements Using
		Input Type									Input Type
	($ in millions)	Level 1			Level 2			Total			Level 1			Level 2			Total
	Short-term investments	$	—		$	15.3		$	15.3		$	—		$	13.7		$	13.7
	Domestic and international equities	142.1			—			142.1			281.8			—			281.8
	Commingled funds	64.7			341.4			406.1			52.1			164.4			216.5
	Limited partnerships	—			52			52			—			137.9			137.9
	Government agency bonds	4.8			129.8			134.6			7.9			101.9			109.8
	Corporate bonds	—			248.1			248.1			—			149.8			149.8
	Mutual funds	2.9			—			2.9			2.5			—			2.5
	Mortgage/asset backed securities and other	—			23.3			23.3			—			18.2			18.2
		$	214.5		$	809.9		$	1,024.40		$	344.3		$	585.9		$	930.2
Schedule of fair values of other postretirement benefit plans by asset category	'
		June 30, 2014									June 30, 2013
		Fair Value									Fair Value
		Measurements Using									Measurements Using
		Input Type									Input Type
	($ in millions)	Level 1			Level 2			Total			Level 1			Level 2			Total
	Commingled fund	$	—		$	61.2		$	61.2		$	—		$	51.4		$	51.4
	Short-term investments	—			17.2			17.2			—			14.2			14.2
	Government agency bonds	—			18.6			18.6			—			15.9			15.9
	Corporate bonds and other	—			6.8			6.8			—			7.5			7.5
	Mortgage backed securities	—			2.7			2.7			—			4.2			4.2
		$	—		$	106.5		$	106.5		$	—		$	93.2		$	93.2
Schedule of estimated future benefit payments	'
		Pension			Other
	($ in millions)	Benefits			Benefits
	2015	$	77		$	15.4
	2016	$	77.6		$	16.4
	2017	$	78.6		$	17.2
	2018	$	80.7		$	17.9
	2019	$	82.3		$	18.4
	2020-2024	$	439.5		$	95.9

Fair_Value_Measurements_Tables

Fair Value Measurements (Tables)	12 Months Ended
	Jun. 30, 2014
Fair Value Measurements	'
Schedule of fair value of assets and liabilities measured on a recurring basis	'
	June 30, 2014	Fair Value Measurements
		Using Input Type
	($ in millions)	Level 2		Total
	Assets:
	Marketable securities
	Municipal auction rate securities	$	5.2	$	5.2
	Derivative financial instruments	20.4		20.4
	Total assets	$	25.6	$	25.6
	Liabilities:
	Derivative financial instruments	$	10.9	$	10.9
	June 30, 2013	Fair Value Measurements
		Using Input Type
	($ in millions)	Level 2		Total
	Assets:
	Marketable securities
	Municipal auction rate securities	$	5.4	$	5.4
	Derivative financial instruments	0.9		0.9
	Total assets	$	6.3	$	6.3
	Liabilities:
	Derivative financial instruments	$	73.1	$	73.1
Schedule of carrying amounts and estimated fair values of financial instruments not recorded at fair value in the financial statements	'
		June 30, 2014				June 30, 2013
	($ in millions)	Carrying		Fair		Carrying		Fair
		Value		Value		Value		Value
	Long-term debt, including current portion	$	604.3	$	638.7	$	604.2	$	602.8
	Company-owned life insurance	$	16.2	$	16.2	$	13.6	$	13.6

ShareBased_Compensation_Tables

Share-Based Compensation (Tables)	12 Months Ended
	Jun. 30, 2014
Share-Based Compensation	'
Summary of weighted-average assumptions of fair value of stock options	'
		Years Ended June 30,
		2014		2013		2012
	Expected volatility	49	%	55	%	54	%
	Dividend yield	1.3	%	1.5	%	1.3	%
	Risk-free interest rate	1.4	%	0.7	%	1.4	%
	Expected term (in years)	5		5		5
Summary of stock option activity	'
		Number of		Weighted			Weighted	Aggregate
		Awards		Average			Average	Intrinsic
				Exercise			Remaining	Value (In
				Price			Contractual	Millions)
							Term
	Outstanding at June 30, 2011	956,807		$	29.23
	Granted	152,450		55.04
	Exercised	(79,444	)	23.57
	Cancelled	(7,207	)	27.11
	Outstanding at June 30, 2012	1,022,606		33.54
	Granted	198,904		48.6
	Exercised	(115,600	)	19.82
	Cancelled	(17,182	)	48.42
	Outstanding at June 30, 2013	1,088,728		37.51
	Granted	243,292		54.65
	Exercised	(236,540	)	30.19
	Cancelled	(31,585	)	49.83
	Outstanding at June 30, 2014	1,063,895		$	42.69		6.5 Years	$	21.9
	Exercisable at June 30, 2014	694,469		$	37.15		5.5 Years	$	18.1
Summary of outstanding and exercisable options by exercise price range	'
	Exercise Price	Number		Weighted		Weighted		Number		Weighted
	Range	Outstanding		Average		Average		Exercisable		Average
		at June 30,		Remaining		Exercise		at June 30,		Exercise
		2014		Contractual		Price		2014		Price
				Term (in Years)
	$5.00 - $20.00	73,412		5.1		$	17.29	73,412		$	17.29
	$20.01 - $30.00	185,293		5		22.67		185,293		22.67
	$30.01 - $40.00	139,350		6.1		34.66		139,350		34.66
	$40.01 - $50.00	214,858		7		46.75		118,199		45.68
	$50.01 - $63.54	450,982		7.2		55.6		178,215		56.7
		1,063,895				$	42.69	694,469		$	37.15
Summary of nonvested stock awards activity	'
		Number of		Weighted-
		Awards		Average
				Grant Date
				Fair Value
	Restricted Balance at June 30, 2011	480,741		$	28.17
	Time-based granted	43,408		49.75
	Performance-based granted	77,423		55.69
	Vested	(171,140	)	28
	Forfeited	(11,101	)	21.75
	Restricted Balance at June 30, 2012	419,331		35.71
	Time-based granted	22,838		50.15
	Performance-based granted	41,816		47.85
	Vested	(254,967	)	31.39
	Forfeited	(13,603	)	51.85
	Restricted Balance at June 30, 2013	215,415		43.75
	Time-based granted	14,086		52.58
	Performance-based granted	20,794		48.85
	Vested	(120,117	)	43.96
	Forfeited	(16,615	)	48.02
	Restricted Balance at June 30, 2014	113,563		$	44.99
Summary Of Director stock units activity	'
		Number of		Weighted-
		Units		Average
				Grant Date
				Fair Value
	Outstanding at June 30, 2011	195,701		$	25.81
	Granted	22,660		47.89
	Dividend equivalents	3,049		—
	Outstanding at June 30, 2012	221,410		27.1
	Granted	21,710		53.53
	Dividend equivalents	3,399		—
	Outstanding at June 30, 2013	246,519			30.06
	Granted	19,770		59.47
	Dividend equivalents	3,026		—
	Outstanding at June 30, 2014	269,315		$	32.25

Derivatives_and_Hedging_Activi1

Derivatives and Hedging Activities (Tables)	12 Months Ended
	Jun. 30, 2014
Derivatives and Hedging Activities	'
Schedule of fair value and location of outstanding derivative contracts recorded in consolidated balance sheets	'
	June 30, 2014	Foreign			Commodity			Total
	($ in millions)	Currency			Contracts			Derivatives
		Contracts
	Asset Derivatives:
	Derivatives designated as hedging instruments:
	Other current assets	$	—		$	11.3		$	11.3
	Other assets	—			9.1			9.1
	Total asset derivatives	$	—		$	20.4		$	20.4
	Liability Derivatives:
	Derivatives designated as hedging instruments:
	Accrued liabilities	$	0.4		$	4.3		$	4.7
	Other liabilities	0.2			6			6.2
	Total liability derivatives	$	0.6		$	10.3		$	10.9
	June 30, 2013	Foreign			Commodity			Total
	($ in millions)	Currency			Contracts			Derivatives
		Contracts
	Asset Derivatives:
	Derivatives designated as hedging instruments:
	Other current assets	$	0.9		$	—		$	0.9
	Total asset derivatives	$	0.9		$	—		$	0.9
	Liability Derivatives:
	Derivatives designated as hedging instruments:
	Accrued liabilities	$	0.4		$	28.7		$	29.1
	Other liabilities	—			44			44
	Total liability derivatives	$	0.4		$	72.7		$	73.1
Summary of the gains (losses) related to cash flow hedges	'
		Amount of Gain (Loss) Recognized in
		AOCI on Derivatives (Effective
		Portion)
		Years Ended June 30,
	($ in millions)	2014			2013			2012
	Derivatives in Cash Flow Hedging Relationship:
	Commodity contracts	$	59.3		$	(43.2	)	$	(79.0	)
	Foreign exchange contracts	(1.6		)	1.9			(0.1		)
	Forward interest rate swaps	—			2.7			—
	Total	$	57.7		$	(38.6	)	$	(79.1	)
		Location of (Loss) Gain		Amount of (Loss) Gain Reclassified
				from AOCI into Income (Effective
				Portion)
		Reclassified from AOCI into		Years Ended June 30,
	($ in millions)	Income (Effective Portion)		2014			2013			2012
	Derivatives in Cash Flow Hedging Relationship:
	Commodity contracts	Cost of sales		$	(20.5	)	$	(24.9	)	$	(23.4	)
	Foreign exchange contracts	Net sales		(0.8		)	0.1			1.2
	Forward interest rate swaps	Interest expense		0.4			0.2			—
	Total			$	(20.9	)	$	(24.6	)	$	(22.2	)
		Location of Loss Reclassified		Amount of Loss Reclassified from AOCI
				into Income (Ineffective Portion)
		from AOCI into Income		Years Ended June 30,
	($ in millions)	(Ineffective Portion)		2014			2013			2012
	Derivatives in Cash Flow Hedging Relationship:
	Commodity contracts	Cost of sales		$	(0.3	)	$	—		$	—
	Foreign exchange contracts	Net sales		—			—			—
	Forward interest rate swaps	Interest expense		—			—			—
	Total			$	(0.3	)	$	—		$	—
Schedule of changes in AOCI associated with derivative hedging activities	'
		2014			2013			2012
	Balance at July 1	$	(41.5	)	$	(32.8	)	$	2.6
	Current period changes in fair value, net of tax	36			(24.2		)	(49.1		)
	Reclassification to earnings, net of tax	13.1			15.5			13.7
	Balance at June 30	$	7.6		$	(41.5	)	$	(32.8	)

Income_Taxes_Tables

Income Taxes (Tables)	12 Months Ended
	Jun. 30, 2014
Income Taxes	'
Schedule of income before income taxes for the Company's domestic and foreign operations	'
		Years Ended June 30,
	($ in millions)	2014			2013			2012
	Domestic	$	178.6		$	198		$	168.4
	Foreign	17.8			18.8			20.2
	Income before income taxes	$	196.4		$	216.8		$	188.6
Schedule of provision (benefit) for income taxes from continuing operations	'
		Years Ended June 30,
	($ in millions)	2014			2013			2012
	Current:
	Federal	$	61.3		$	49.7		$	21.5
	State	6.5			5.9			2.9
	Foreign	5.5			5.3			5.8
	Total current	73.3			60.9			30.2
	Deferred:
	Federal	(8.0		)	7.8			32.5
	State	(1.4		)	2.5			4.1
	Foreign	(0.3		)	(0.9		)	0.2
	Total deferred	(9.7		)	9.4			36.8
	Total income tax expense	$	63.6		$	70.3		$	67
Schedule of reconciliation of income taxes computed at the U.S. Federal income tax rate to the Company's effective income tax rate	'
		Years Ended June 30,
	(% of pre-tax income)	2014		2013		2012
	Statutory federal income tax rate	35	%	35	%	35	%
	State income taxes, net of federal tax benefit	2.5		2		2.2
	Domestic manufacturing deduction	(3.5	)	(2.7	)	(2.3	)
	Other, net	(1.6	)	(1.9	)	0.6
	Effective income tax rate	32.4	%	32.4	%	35.5	%
Summary of components of deferred tax assets and liabilities	'
		June 30,
	($ in millions)	2014			2013
	Deferred tax assets:
	Pensions	$	82.7		$	96.5
	Postretirement provisions	66.9			64.6
	Net operating loss carryforwards	20.6			21.3
	Derivatives and hedging activities	—			25.2
	Other	35			32.6
	Gross deferred tax assets	205.2			240.2
	Valuation allowances	(17.8		)	(19.2		)
	Net deferred tax assets	187.4			221
	Deferred tax liabilities:
	Depreciation	(232.3		)	(227.4		)
	Intangible assets	(37.5		)	(43.0		)
	Inventories	(28.8		)	(21.1		)
	Other	(4.0		)	—
	Total deferred tax liabilities	(302.6		)	(291.5		)
	Deferred tax liabilities	$	(115.2	)	$	(70.5	)
Schedule of reconciliation of the beginning and ending amount of gross unrecognized tax benefits for uncertain tax positions	'
		Years Ended June 30,
	($ in millions)	2014			2013			2012
	Balance, beginning	$	1.4		$	2.3		$	1.9
	Additions based on tax positions of prior years	—			0.6			—
	Additions based on tax positions of current years	—			—			0.4
	Reductions as a result of a lapse of statute of limitations	(1.1		)	(1.3		)	—
	Reductions based on tax positions of prior year	(0.1		)	(0.2		)	—
	Reductions as a result of settlements with taxing authorities	(0.2		)	—			—
	Balance, ending	$	—		$	1.4		$	2.3

Other_Income_Net_Tables

Other Income, Net (Tables)	12 Months Ended
	Jun. 30, 2014
Other Income, Net	'
Schedule of other income, net	'
		Years Ended June 30,
	($ in millions)	2014			2013		2012
	Interest income	$	0.2		$	0.3	$	0.9
	Equity in earnings of unconsolidated subsidiaries	0.6			1.3		0.6
	Unrealized gains (losses) on company owned life insurance contracts and investments held in rabbi trusts	2.1			3.4		(0.4		)
	Foreign Exchange	(1.5		)	—		1
	Other	—			0.1		0.2
	Total other income, net	$	1.4		$	5.1	$	2.3

Segment_Information_Geographic1

Segment Information, Geographic and Product Data (Tables)	12 Months Ended
	Jun. 30, 2014
Segment Information, Geographic and Product Data	'
Schedule of results of operation, depreciation and amortization, capital expenditures and total assets by reportable segments	'
	Segment Data		Years Ended June 30,
	($ in millions)		2014			2013			2012
	Net Sales:
	Specialty Alloys Operations		$	1,741.60		$	1,823.50		$	1,672.00
	Performance Engineered Products		498.6			520.1			444.9
	Intersegment		(67.2		)	(71.9		)	(88.2		)
	Consolidated net sales		$	2,173.00		$	2,271.70		$	2,028.70
			Years Ended June 30,
	($ in millions)		2014			2013			2012
	Operating Income:
	Specialty Alloys Operations		$	232.7		$	268.5		$	236.3
	Performance Engineered Products		45.5			45.2			48.2
	Corporate costs		(43.8		)	(47.7		)	(53.2		)
	Pension earnings, interest & deferrals		(21.8		)	(31.9		)	(15.3		)
	Intersegment		(0.6		)	(1.4		)	(5.9		)
	Consolidated operating income		$	212		$	232.7		$	210.1
			Years Ended June 30,
	($ in millions)		2014			2013			2012
	Depreciation and Amortization:
	Specialty Alloys Operations		$	83.4		$	76.7		$	59.7
	Performance Engineered Products		23.8			22.1			18.8
	Corporate		5.5			5.9			5.6
	Intersegment		(0.8		)	(0.6		)	(0.3		)
	Consolidated depreciation and amortization		$	111.9		$	104.1		$	83.8
			Years Ended June 30,
	($ in millions)		2014			2013			2012
	Capital Expenditures:
	Specialty Alloys Operations		$	319.9		$	283.5		$	114.3
	Performance Engineered Products		24.7			24.1			40.2
	Corporate		5.4			4.1			5.4
	Intersegment		(0.8		)	(1.5		)	(2.1		)
	Consolidated capital expenditures		$	349.2		$	310.2		$	157.8
			June 30,
		($ in millions)	2014			2013
		Total Assets:
		Specialty Alloys Operations	$	2,454.80		$	2,192.70
		Performance Engineered Products	491.7			498.5
		Corporate	144.9			233.7
		Intersegment	(33.9		)	(42.0		)
		Consolidated total assets	$	3,057.50		$	2,882.90
Schedule of net sales by geographic segment	'
	Geographic Data		Years Ended June 30,
	($ in millions)		2014			2013			2012
	Net Sales:(a)
	United States		$	1,537.90		$	1,575.30		$	1,364.20
	Europe		349.5			382.1			375.9
	Asia Pacific		137.1			153.6			142.1
	Canada		65.3			59.8			52.1
	Mexico		59.2			66.6			68.8
	Other		24			34.3			25.6
	Consolidated net sales		$	2,173.00		$	2,271.70		$	2,028.70
	(a) Net sales were attributed to countries based on the location of the customer.
Schedule of long-lived assets by geographic segment	'
			June 30,
		($ in millions)	2014			2013
		Long-lived assets:
		United States	$	1,379.50		$	1,142.50
		Asia Pacific	11.6			9.1
		Canada	8.4			9.1
		Europe	6.1			6.1
		Mexico	1.4			1.6
		Consolidated long-lived assets	$	1,407.00		$	1,168.40
Schedule of net sales by product segment	'
			Years Ended June 30,
	($ in millions)		2014			2013			2012
	Product Data
	Special alloys		$	917		$	989.9		$	931.4
	Stainless steel		643.6			638.8			637.3
	Alloy and tool steel		240.4			255.7			108.6
	Titanium products		157.7			155			156.6
	Powder metals		48.6			60.4			64.3
	Distribution and other		165.7			171.9			130.5
	Total net sales		$	2,173.00		$	2,271.70		$	2,028.70

Reclassifications_from_Accumul1

Reclassifications from Accumulated Other Comprehensive Income (AOCI) (Tables)	12 Months Ended
	Jun. 30, 2014
Reclassifications from Accumulated Other Comprehensive Income (AOCI)	'
Schedule of changes in AOCI by component, net of tax	'
	($ in millions) (a)	Cash flow			Pension and			Unrealized			Foreign			Total
		hedging items			other			losses on			currency
					postretirement			available-for-			items
					benefit plan			sale securities
					items
	Balance at June 30, 2013	$	(41.5	)	$	(273.6	)	$	(0.4	)	$	(20.2	)	$	(335.7	)
	Other comprehensive income before reclassifications	36			22.2			—			4.5			62.7
	Amounts reclassified from AOCI (b)	13.1			14.7			—			—			27.8
	Net current-period other comprehensive income	49.1			36.9			—			4.5			90.5
	Balance at June 30, 2014	$	7.6		$	(236.7	)	$	(0.4	)	$	(15.7	)	$	(245.2	)
	(a)         All amounts are net of tax. Amounts in parentheses indicate debits.
	(b)         See separate table below for further details.
Schedule of amounts reclassified from AOCI	'
				Amount
				Reclassified
				from AOCI
	($ in millions) (a)	Location of		Year Ended
		(loss) gain		30-Jun-14
	Details about AOCI Components
	Cash flow hedging items
	Commodity contracts	Cost of sales		$	(20.5	)
	Foreign exchange contracts	Net sales		(0.8		)
	Forward interest rate swaps	Interest expense		0.4
		Total before tax		(20.9		)
		Tax benefit		7.8
		Net of tax		$	(13.1	)
	Amortization of pension and other postretirement benefit plan items
	Net actuarial loss	(b)		$	(23.0	)
	Prior service cost	(b)		(0.4		)
		Total before tax		(23.4		)
		Tax benefit		8.7
		Net of tax		$	(14.7	)
	(a)            Amounts in parentheses indicate debits to income/loss.
	(b)            These AOCI components are included in the computation of net periodic benefit cost (see Note 10 for additional details).

Supplemental_Data_Tables

Supplemental Data (Tables)	12 Months Ended
	Jun. 30, 2014
Supplemental Data	'
Additional supplemental disclosures	'
		Years Ended June 30,
	($ in millions)	2014			2013			2012
	Cost Data:
	Repairs and maintenance costs	$	108.9		$	101.9		$	90.3
	Cash Flow Data:
	Noncash investing and financing activities:
	Treasury shares issued in connection with acquisition of business	$	—		$	—		$	415.5
	Noncash purchases of property, equipment and software	$	8.5		$	26.7		$	14.1
	Cash paid during the year for:
	Interest payments	$	15.1		$	16.8		$	20.2
	Income tax payments, net	$	70.8		$	51.2		$	18.5
		June 30,
	($ in millions)	2014			2013			2012
	Accumulated Other Comprehensive (Loss) Gain:
	Foreign currency translation adjustment	$	(15.7	)	$	(20.2	)	$	(24.9	)
	Pension and post-retirement benefits, net of tax	(236.7		)	(273.6		)	(354.1		)
	Net unrealized gains (losses) on derivatives, net of tax	7.6			(41.5		)	(32.8		)
	Unrealized losses on marketable securities, net of tax	(0.4		)	(0.4		)	(0.7		)
	Total Accumulated Other Comprehensive Loss	$	(245.2	)	$	(335.7	)	$	(412.5	)

Quarterly_Financial_Data_Unaud1

Quarterly Financial Data (Unaudited) (Tables)	12 Months Ended
	Jun. 30, 2014
Quarterly Financial Data (Unaudited)	'
Quarterly financial data by results of operations	'
	(dollars and shares in millions, except per share	First		Second		Third		Fourth
	amounts)	Quarter		Quarter		Quarter		Quarter
	Results of Operations
	Fiscal Year 2014
	Net sales	$	498.6	$	503.5	$	566.3	$	604.6
	Gross profit	$	103.3	$	95.4	$	94.5	$	105.6
	Operating income	$	55.8	$	47.5	$	49.5	$	59.2
	Net income	$	34.6	$	29.5	$	30.6	$	38.1
	Net income attributable to Carpenter	$	34.6	$	29.5	$	30.6	$	38.1
	Fiscal Year 2013
	Net sales	$	544.9	$	533.5	$	581.4	$	611.8
	Gross profit	$	109.3	$	102.6	$	101	$	120.5
	Operating income	$	61.6	$	52.7	$	53	$	65.4
	Net income	$	39.5	$	33.2	$	32.9	$	40.9
	Net income attributable to Carpenter	$	39.2	$	33	$	32.9	$	40.9
	Earnings per common share
	Fiscal Year 2014	First		Second		Third		Fourth
		Quarter		Quarter		Quarter		Quarter
	Basic earnings	$	0.65	$	0.55	$	0.57	$	0.71
	Diluted earnings	$	0.65	$	0.55	$	0.57	$	0.71
	Fiscal Year 2013	First		Second		Third		Fourth
		Quarter		Quarter		Quarter		Quarter
	Basic earnings	$	0.74	$	0.62	$	0.62	$	0.77
	Diluted earnings	$	0.74	$	0.62	$	0.62	$	0.77
	Weighted average common shares outstanding	First		Second		Third		Fourth
	(in millions)	Quarter		Quarter		Quarter		Quarter
	Fiscal Year 2014
	Basic	53.1		53.2		53.3		53.4
	Diluted	53.4		53.6		53.7		53.8
	Fiscal Year 2013
	Basic	52.8		52.9		52.9		52.9
	Diluted	53.2		53.3		53.2		53.3

Summary_of_Significant_Account2

Summary of Significant Accounting Policies (Details) (USD $)	12 Months Ended				12 Months Ended
In Millions, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2012	Nov. 30, 2012	Jun. 30, 2014	Jun. 30, 2014	Jun. 30, 2014	Jun. 30, 2014	Jun. 30, 2014	Nov. 30, 2012
	item	item	item	Sandvik Powdermet AB	Computer software	Computer software	Intangible Assets	Intangible Assets	Carpenter Powder Products AB	Carpenter Powder Products AB
					Minimum	Maximum	Minimum	Maximum
Revenue Recognition	'	'	'	'	'	'	'	'	'	'
Discounts, rebates, returns and allowances	$28.30	$26.40	$18.70	'	'	'	'	'	'	'
Summary of significant accounting policies	'	'	'	'	'	'	'	'	'	'
Ownership interest (as a percent)	'	'	'	40.00%	'	'	'	'	'	40.00%
Ownership interest of noncontrolling partner (as a percent)	'	'	'	'	'	'	'	'	40.00%	'
Research and development expenditures	18.5	19.4	20.5	'	'	'	'	'	'	'
Inventory under FIFO method or average cost methods	161.2	173.3	'	'	'	'	'	'	'	'
Estimated useful life	'	'	'	'	'3 years	'7 years	'2 years 6 months	'30 years	'	'
Capitalized software amortization expense	$6.40	$6.80	$6.10	'	'	'	'	'	'	'
Number of former operating facility site that the liability for future costs is discounted to present value	1	'	'	'	'	'	'	'	'	'
Liability for future costs discount amortization period	'20 years	'	'	'	'	'	'	'	'	'
Number of share-based employee compensation plans	2	'	'	'	'	'	'	'	'	'
Number of customers accounted for 10% or more of the sales	0	0	0	'	'	'	'	'	'	'

Revision_to_Statements_of_Cash2

Revision to Statements of Cash Flows (Details) (USD $)	12 Months Ended
In Millions, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2012
Net cash provided from (used for) operating activities	$239.60	$188.50	$146.20
Net cash (used for) provided from investing activities	-348.6	-301	-140.8
Net cash provided from (used for) financing activities	-29.1	155.5	-283.4
Effect of exchange rate changes on cash and cash equivalents	0.6	3.5	-3.5
Increase (decrease) in cash and cash equivalents	-137.5	46.5	-281.5
As reported	'	'	'
Net cash provided from (used for) operating activities	'	215.2	160.3
Net cash (used for) provided from investing activities	'	-327.7	-154.9
Net cash provided from (used for) financing activities	'	155.5	-283.4
Effect of exchange rate changes on cash and cash equivalents	'	3.5	-3.5
Increase (decrease) in cash and cash equivalents	'	46.5	-281.5
Revision Impact | Adjustments	'	'	'
Net cash provided from (used for) operating activities	'	-26.7	-14.1
Net cash (used for) provided from investing activities	'	$26.70	$14.10

Acquisition_Details

Acquisition (Details) (USD $)	12 Months Ended			1 Months Ended	12 Months Ended	0 Months Ended
In Millions, except Per Share data, unless otherwise specified	Jun. 30, 2012	Jun. 30, 2014	Jun. 30, 2013	Feb. 29, 2012	Jun. 30, 2012	Dec. 15, 2011
				Latrobe Acquisition	Latrobe Acquisition	Arwin
Acquisition and strategic partnership disclosures	'	'	'	'	'	'
Shares issued through business acquisition	'	'	'	8.1	'	'
Cash paid, net of cash acquired	$12.90	'	'	$11.50	'	'
Cash acquired	'	'	'	2.5	'	'
Summary of preliminary purchase price allocation	'	'	'	'	'	'
Accounts receivable	'	'	'	67	'	'
Inventory	'	'	'	242.6	'	'
Property, plant and equipment	'	'	'	172.4	'	0.7
Intangible assets	'	'	'	87.1	'	'
Other	'	'	'	9.8	'	'
Accounts Payable and accrued liabilities	'	'	'	-64.1	'	'
Long-term debt	'	'	'	-153.7	'	'
Pension and other postretirement liabilities	'	'	'	-100.8	'	'
Deferred income taxes	'	'	'	-45	'	'
Total identifiable net assets	'	'	'	215.3	'	'
Goodwill	260.5	257.7	257.7	211.7	'	0.7
Total purchase price, net of cash acquired	'	'	'	427	'	1.4
Additional disclosure	'	'	'	'	'	'
Goodwill recognized deductible for income tax purposes	'	'	'	0	'	'
Acquisition-related costs	11.7	'	'	'	11.7	'
Transaction costs	'	'	'	'	5.2	'
Net sales	'	'	'	'	163.2	'
Operating income since acquisition	'	'	'	'	10.5	'
Fair value cost inventory adjustments	'	'	'	'	11.6	'
Proforma results	'	'	'	'	'	'
Revenue	'	'	'	'	2,339.60	'
Earnings	'	'	'	'	$160.10	'
Earnings per Common Share, Basic (in dollars per share)	'	'	'	'	$3.04	'
Earnings per Common Share, Diluted (in dollars per share)	'	'	'	'	$3.01	'

Earnings_per_Common_Share_Deta

Earnings per Common Share (Details) (USD $)	3 Months Ended								12 Months Ended
In Millions, except Per Share data, unless otherwise specified	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2012	Sep. 30, 2012	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2012
Earnings per Common Share	'	'	'	'	'	'	'	'	'	'	'
Net income attributable to Carpenter	$38.10	$30.60	$29.50	$34.60	$40.90	$32.90	$33	$39.20	$132.80	$146.10	$121.20
Less: earnings and dividends allocated to participating securities	'	'	'	'	'	'	'	'	-0.4	-0.8	-1.1
Earnings available to Carpenter common stockholders used in calculation of basic earnings per share (in dollars per share)	'	'	'	'	'	'	'	'	132.4	145.3	120.1
Weighted average number of common shares outstanding, basic	53.4	53.3	53.2	53.1	52.9	52.9	52.9	52.8	53.3	52.9	47.1
Basic earnings per common share (in dollars per share)	$0.71	$0.57	$0.55	$0.65	$0.77	$0.62	$0.62	$0.74	$2.48	$2.75	$2.55
Earnings available to Carpenter common stockholders used in calculation of diluted earnings per share (in dollars per share)	'	'	'	'	'	'	'	'	$132.40	$145.30	$120.10
Effect of shares issuable under share-based compensation plans	'	'	'	'	'	'	'	'	0.3	0.3	0.4
Weighted average number of common shares outstanding, diluted	53.8	53.7	53.6	53.4	53.3	53.2	53.3	53.2	53.6	53.2	47.5
Diluted earnings per common share (in dollars per share)	$0.71	$0.57	$0.55	$0.65	$0.77	$0.62	$0.62	$0.74	$2.47	$2.73	$2.53

Earnings_per_Common_Share_Deta1

Earnings per Common Share (Details 2) (Stock options)	12 Months Ended
In Millions, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013
Stock options	'	'
Awards issued under share-based compensation plans that were excluded from calculations of diluted earnings per share because their effects were anti-dilutive	'	'
Anti-dilutive securities excluded from computation of earnings per share	0.1	0.4

Inventories_Details

Inventories (Details) (USD $)	12 Months Ended
In Millions, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2012
Inventories	'	'	'
Raw materials and supplies	$122.30	$111.60	'
Work in process	393.9	325.9	'
Finished and purchased products	183	221.7	'
Total inventory	699.2	659.2	'
Inventory LIFO reserve	195.7	222.4	'
Current cost of LIFO inventory	733.7	708.3	'
Decrease in cost of sales	$0	$2.10	$0

Property_Plant_and_Equipment_D

Property, Plant and Equipment (Details) (USD $)	12 Months Ended
In Millions, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2012
Property, plant and equipment	'	'	'
Total at cost	$2,513.60	$2,195.10	'
Less: accumulated depreciation and amortization	1,106.60	1,026.70	'
Total property, plant, and equipment	1,407	1,168.40	'
Depreciation	93.3	85.1	71.5
Land	'	'	'
Property, plant and equipment	'	'	'
Total at cost	27.1	20.9	'
Buildings and building equipment	'	'	'
Property, plant and equipment	'	'	'
Total at cost	451.3	326.4	'
Buildings and building equipment | Minimum	'	'	'
Property, plant and equipment	'	'	'
Useful Life	'10 years	'	'
Buildings and building equipment | Maximum	'	'	'
Property, plant and equipment	'	'	'
Useful Life	'45 years	'	'
Machinery and equipment	'	'	'
Property, plant and equipment	'	'	'
Total at cost	1,956.10	1,555.70	'
Machinery and equipment | Minimum	'	'	'
Property, plant and equipment	'	'	'
Useful Life	'3 years	'	'
Machinery and equipment | Maximum	'	'	'
Property, plant and equipment	'	'	'
Useful Life	'30 years	'	'
Construction in progress	'	'	'
Property, plant and equipment	'	'	'
Total at cost	$79.10	$292.10	'

Goodwill_and_Other_Intangible_2

Goodwill and Other Intangible Assets, Net (Details) (USD $)	0 Months Ended	12 Months Ended
In Millions, unless otherwise specified	Feb. 28, 2014	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2012
Goodwill disclosures	'	'	'	'
Impairment of goodwill	$0	$0	'	'
Changes in the carrying amount of goodwill by reportable segment	'	'	'	'
Goodwill	'	292.4	292.4	295.2
Accumulated impairment losses	'	-34.7	-34.7	-34.7
Total goodwill	'	257.7	257.7	260.5
Other	'	'	-2.8	'
Specialty Alloys Operations	'	'	'	'
Changes in the carrying amount of goodwill by reportable segment	'	'	'	'
Total goodwill	'	195.5	195.5	202.9
Other	'	'	-7.4	'
Carpenter Powder Products	'	'	'	'
Changes in the carrying amount of goodwill by reportable segment	'	'	'	'
Total goodwill	'	'	3.4	'
Performance Engineered Products	'	'	'	'
Changes in the carrying amount of goodwill by reportable segment	'	'	'	'
Total goodwill	'	62.2	62.2	57.6
Other	'	'	$4.60	'

Goodwill_and_Other_Intangible_3

Goodwill and Other Intangible Assets, Net (Details 2) (USD $)	12 Months Ended
In Millions, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2012
Other intangible assets	'	'	'
Gross Carrying Amount	$127.10	$129.30	'
Accumulated Amortization	-46.5	-34.3	'
Total intangible assets, net carrying amount	80.6	95	'
Amortization expense	12.2	12.2	6.2
Estimated annual amortization expense for 2015	8.8	'	'
Estimated annual amortization expense for 2016	7.4	'	'
Estimated annual amortization expense for 2017	6.8	'	'
Estimated annual amortization expense for 2018	6	'	'
Estimated annual amortization expense for 2019	6	'	'
Trademarks and trade names	'	'	'
Other intangible assets	'	'	'
Gross Carrying Amount	42	42	'
Accumulated Amortization	-27.2	-22.1	'
Net Carrying Amount	14.8	19.9	'
Trademarks and trade names | Minimum	'	'	'
Other intangible assets	'	'	'
Useful Life	'2 years 6 months	'	'
Trademarks and trade names | Maximum	'	'	'
Other intangible assets	'	'	'
Useful Life	'30 years	'	'
Customer relationships	'	'	'
Other intangible assets	'	'	'
Gross Carrying Amount	78.2	78.2	'
Accumulated Amortization	-15.2	-9.4	'
Net Carrying Amount	63	68.8	'
Customer relationships | Minimum	'	'	'
Other intangible assets	'	'	'
Useful Life	'5 years	'	'
Customer relationships | Maximum	'	'	'
Other intangible assets	'	'	'
Useful Life	'15 years	'	'
Non-compete agreements	'	'	'
Other intangible assets	'	'	'
Useful Life	'6 years 6 months	'	'
Gross Carrying Amount	5.4	5.4	'
Accumulated Amortization	-2.9	-2.1	'
Net Carrying Amount	2.5	3.3	'
Contracts	'	'	'
Other intangible assets	'	'	'
Useful Life	'2 years 10 months 24 days	'	'
Gross Carrying Amount	1.5	3.7	'
Accumulated Amortization	-1.2	-0.7	'
Net Carrying Amount	$0.30	$3	'

Debt_Details

Debt (Details) (USD $)

Jun. 30, 2014

Jun. 30, 2013

Mar. 31, 2013

Feb. 26, 2013

31-May-13

Jun. 28, 2013

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

In Millions, unless otherwise specified

4.45% Senior Unsecured Notes due 2023

4.45% Senior Unsecured Notes due 2023

4.45% Senior Unsecured Notes due 2023

4.45% Senior Unsecured Notes due 2023

Senior unsecured notes due May 2013

Credit Agreement

Credit Agreement

Credit Agreement

Credit Agreement

Credit Agreement

Credit Agreement

Credit Agreement

Credit Agreement

Credit Agreement

Letters of credit

Letters of credit

Letters of credit

LIBOR

LIBOR

LIBOR

Base Rate

Base Rate

Base Rate

Minimum

Maximum

Minimum

Maximum

Minimum

Maximum

Revolving Credit Agreement

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Face amount

$300

$300

$300

$300

'

'

'

'

'

'

'

'

'

'

'

'

'

Interest rate (as a percent)

4.45%

4.45%

'

4.45%

'

'

'

'

'

'

'

'

'

'

'

'

'

Expected repayment of principal amount

'

'

'

'

100

'

'

'

'

'

'

'

'

'

'

'

'

Maximum borrowing capacity

'

'

'

'

'

500

'

'

'

'

'

'

'

'

'

'

'

Maturity term of debt instrument

'

'

'

'

'

'5 years

'

'

'

'

'

'

'

'

'

'

'

Debt issuance costs

'

'

'

'

'

'

'

0.8

'

'

'

'

'

'

'

'

'

Variable rate basis

'

'

'

'

'

'

'

'

'LIBOR

'

'

'Base Rate

'

'

'

'

'

Interest rate margin (as a percent)

'

'

'

'

'

'

'

'

1.25%

0.75%

1.90%

0.25%

0.00%

0.90%

'

'

'

Commitment fee rate (as a percent)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

0.15%

0.08%

0.38%

Letter of credit fees (as a percent)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

1.25%

0.75%

1.90%

Letters of credit issued

'

'

'

'

'

'

8.2

'

'

'

'

'

'

'

'

'

'

Credit Agreement available for future borrowings

'

'

'

'

'

'

$491.80

'

'

'

'

'

'

'

'

'

'

Required interest coverage ratio

'

'

'

'

'

'

'

'

'

'

'

'

'

'

3.5

'

'

Required debt to capital ratio

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

0.55

Debt_Details_2

Debt (Details 2) (USD $)

12 Months Ended

In Millions, unless otherwise specified

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2012

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2013

Mar. 31, 2013

Feb. 26, 2013

Medium-term notes, Series B at 6.74% to 7.10% due from April 2018 to May 2018

Medium-term notes, Series B at 6.74% to 7.10% due from April 2018 to May 2018

Medium-term notes, Series B at 6.74% to 7.10% due from April 2018 to May 2018

Medium-term notes, Series B at 6.74% to 7.10% due from April 2018 to May 2018

Medium-term notes, Series B at 6.74% to 7.10% due from April 2018 to May 2018

Medium-term notes, Series B at 6.74% to 7.10% due from April 2018 to May 2018

Senior unsecured notes, 5.20% due July 2021

Senior unsecured notes, 5.20% due July 2021

4.45% Senior Unsecured Notes due 2023

4.45% Senior Unsecured Notes due 2023

4.45% Senior Unsecured Notes due 2023

4.45% Senior Unsecured Notes due 2023

Minimum

Minimum

Maximum

Maximum

Long-term debt outstanding

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Face amount

'

'

'

$55

$55

'

'

'

'

$250

$250

$300

$300

$300

$300

Interest rate (as a percent)

'

'

'

'

'

6.97%

6.97%

7.10%

7.10%

5.20%

5.20%

4.45%

4.45%

'

4.45%

Total

604.3

604.2

'

55

55

'

'

'

'

249.7

249.7

299.6

299.5

'

'

Long-term debt, net of current portion

604.3

604.2

'

'

'

'

'

'

'

'

'

'

'

'

'

Aggregate maturities of long-term debt, 2015

0

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Aggregate maturities of long-term debt, 2016

0

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Aggregate maturities of long-term debt, 2017

0

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Aggregate maturities of long-term debt, 2018

55

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Aggregate maturities of long-term debt, 2019

0

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Aggregate maturities of long-term debt, thereafter

550

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Interest costs

32.1

27.8

25

'

'

'

'

'

'

'

'

'

'

'

'

Interest costs, capitalized

$15.10

$6.80

$1.20

'

'

'

'

'

'

'

'

'

'

'

'

Accrued_Liabilities_Details

Accrued Liabilities (Details) (USD $)	Jun. 30, 2014	Jun. 30, 2013
In Millions, unless otherwise specified
Accrued Liabilities	'	'
Accrued compensation and benefits	$49.80	$62
Accrued pension liabilities	19.3	9.7
Accrued postretirement benefits	15.5	15.4
Accrued interest expense	11.2	11.2
Deferred revenue	7.5	5.2
Derivative financial instruments	4.7	29.1
Accrued income taxes	8.4	8.1
Other	31.6	27.8
Total accrued liabilities	$148	$168.50

Pension_and_Other_Postretireme2

Pension and Other Postretirement Benefits (Details) (USD $)	12 Months Ended
In Millions, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2012
Pension Plans	'	'	'
Change in projected benefit obligation:	'	'	'
Projected benefit obligation at beginning of year	$1,186.70	$1,218.10	'
Service cost	32.1	32.5	23
Interest cost	57.5	53	51.3
Benefits paid	-81	-70.6	'
Actuarial loss (gain)	53.2	-45.7	'
Plan settlements	-0.2	-0.6	'
Plan amendments	-1.3	'	'
Projected benefit obligation at end of year	1,247	1,186.70	1,218.10
Change in plan assets:	'	'	'
Fair value of plan assets at beginning of year	930.2	770.9	'
Actual return	165.7	82.3	'
Benefits paid	-81	-70.6	'
Contributions	9.8	148.2	'
Plan settlements	-0.3	-0.6	'
Fair value of plan assets at end of year	1,024.40	930.2	770.9
Funded status of the plans	'	'	'
Funded status of the plans	-222.6	-256.5	'
Other Postretirement Plans	'	'	'
Change in projected benefit obligation:	'	'	'
Projected benefit obligation at beginning of year	259.8	282.2	'
Service cost	4	4.4	3.7
Interest cost	12.5	12.2	11.8
Benefits paid	-13.5	-13.1	'
Actuarial loss (gain)	22.4	-25.9	'
Projected benefit obligation at end of year	285.2	259.8	282.2
Change in plan assets:	'	'	'
Fair value of plan assets at beginning of year	93.2	85.3	'
Actual return	13.7	8.2	'
Benefits paid	-13.5	-13.1	'
Contributions	13.1	12.8	'
Fair value of plan assets at end of year	106.5	93.2	85.3
Funded status of the plans	'	'	'
Funded status of the plans	($178.70)	($166.60)	'

Pension_and_Other_Postretireme3

Pension and Other Postretirement Benefits (Details 2) (USD $)	Jun. 30, 2014	Jun. 30, 2013
In Millions, unless otherwise specified
Amounts recognized in the consolidated balance sheets:	'	'
Accrued liabilities - current	($19.30)	($9.70)
Accrued liabilities - current	-15.5	-15.4
Accrued pension liabilities - noncurrent	-203.4	-246.9
Accrued postretirement benefits	-163.2	-151.2
Pension Plans	'	'
Amounts recognized in the consolidated balance sheets:	'	'
Other assets - noncurrent	0.1	0.1
Accrued liabilities - current	-19.3	-9.7
Accrued pension liabilities - noncurrent	-203.4	-246.9
Amounts recognized in the Consolidated Balance Sheets	-222.6	-256.5
Amounts recognized in accumulated other comprehensive loss:	'	'
Net actuarial loss	341.2	412.4
Prior service cost (credit)	1	2.9
Total	342.2	415.3
Additional information:	'	'
Accumulated benefit obligation for all pension plans	1,154	1,072.30
Other Postretirement Plans	'	'
Amounts recognized in the consolidated balance sheets:	'	'
Accrued liabilities - current	-15.5	-15.4
Accrued postretirement benefits	-163.2	-151.2
Amounts recognized in the Consolidated Balance Sheets	-178.7	-166.6
Amounts recognized in accumulated other comprehensive loss:	'	'
Net actuarial loss	50.8	36.9
Prior service cost (credit)	'	-0.1
Total	$50.80	$36.80

Pension_and_Other_Postretireme4

Pension and Other Postretirement Benefits (Details 3) (USD $)	Jun. 30, 2014	Jun. 30, 2013
In Millions, unless otherwise specified
Pension Plans	'	'
Plans with projected benefit obligation in excess of plan assets	'	'
Projected benefit obligation	$1,246.90	$1,186.60
Fair value of plan assets	1,024.20	930
Plans with accumulated benefit obligations in excess of plan assets	'	'
Accumulated benefit obligation	1,153.90	1,072.20
Fair value of plan assets	1,024.20	930
Other Postretirement Plans	'	'
Plans with projected benefit obligation in excess of plan assets	'	'
Projected benefit obligation	285.2	259.8
Fair value of plan assets	106.5	93.2
Plans with accumulated benefit obligations in excess of plan assets	'	'
Accumulated benefit obligation	285.2	259.8
Fair value of plan assets	$106.50	$93.20

Pension_and_Other_Postretireme5

Pension and Other Postretirement Benefits (Details 4) (USD $)	12 Months Ended
In Millions, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2012
Pension Plans	'	'	'
Pension and Other Postretirement Benefit Disclosures	'	'	'
Service cost	$32.10	$32.50	$23
Interest cost	57.5	53	51.3
Expected return on plan assets	-62.9	-54.8	-54.2
Amortization of net loss	21.8	28.1	17.5
Amortization of prior service cost (benefit)	0.5	0.7	0.7
Net periodic benefit costs	49	59.5	38.3
Increase in capitalized periodic benefit costs	2.2	'	'
Other Postretirement Plans	'	'	'
Pension and Other Postretirement Benefit Disclosures	'	'	'
Service cost	4	4.4	3.7
Interest cost	12.5	12.2	11.8
Expected return on plan assets	-6.5	-6.4	-6.4
Amortization of net loss	1.2	3.2	2.6
Amortization of prior service cost (benefit)	-0.1	-4.1	-7.9
Net periodic benefit costs	$11.10	$9.30	$3.80

Pension_and_Other_Postretireme6

Pension and Other Postretirement Benefits (Details 5)	12 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2012
Pension Plans	'	'	'
Weighted-average assumptions used to determine benefit obligations at fiscal year-end	'	'	'
Discount rate (as a percent)	4.47%	5.00%	4.50%
Rate of compensation increase (as a percent)	3.57%	3.66%	3.67%
Weighted-average assumptions used to determine net periodic benefit cost for the fiscal year	'	'	'
Discount rate (as a percent)	5.00%	4.50%	5.50%
Expected long-term rate of return on plan assets (as a percent)	7.00%	7.00%	7.50%
Long-term rate of compensation increase (as a percent)	3.57%	3.67%	3.66%
Other Postretirement Plans	'	'	'
Weighted-average assumptions used to determine benefit obligations at fiscal year-end	'	'	'
Discount rate (as a percent)	4.27%	5.00%	4.50%
Weighted-average assumptions used to determine net periodic benefit cost for the fiscal year	'	'	'
Discount rate (as a percent)	4.95%	4.50%	5.50%
Expected long-term rate of return on plan assets (as a percent)	7.00%	7.50%	8.00%
Expected health care rate increase and the future rate and time at which it is expected to remain constant	'	'	'
Assumed health care cost trend rate (as a percent)	7.50%	7.50%	'
Rate to which the cost trend rate is assumed to decline and remain (the ultimate trend rate) (as a percent)	5.00%	5.00%	'
Year that the rate reaches the ultimate trend rate	'2020	'2020	'

Pension_and_Other_Postretireme7

Pension and Other Postretirement Benefits (Details 6) (Other Postretirement Plans, USD $)	12 Months Ended
In Millions, unless otherwise specified	Jun. 30, 2014
Other Postretirement Plans	'
Expected health care cost trend rate	'
Effect of one percentage point increase in the assumed health care cost trend rate on service and interest cost components	$0.60
Effect of one percentage point increase in the assumed health care cost trend rate on postretirement benefit obligation	10.7
Effect of one percentage point decrease in the assumed health care cost trend rate on service and interest cost components	0.5
Effect of one percentage point decrease in the assumed health care cost trend rate on postretirement benefit obligation	$9.30

Pension_and_Other_Postretireme8

Pension and Other Postretirement Benefits (Details 7) (USD $)	12 Months Ended
In Millions, unless otherwise specified	Jun. 30, 2014
Pension and Other Postretirement Benefit Disclosures	'
Estimated net pension expense	$45.90
Amounts in other comprehensive loss that are expected to recognized as components of net periodic benefit cost in the next fiscal year	'
Amortization of prior service cost	0.3
Amortization of net actuarial loss	18.7
Amortization of accumulated other comprehensive loss	19
Pension Plans	'
Pension and Other Postretirement Benefit Disclosures	'
Estimated net pension expense	34.3
Amounts in other comprehensive loss that are expected to recognized as components of net periodic benefit cost in the next fiscal year	'
Amortization of prior service cost	0.3
Amortization of net actuarial loss	16.7
Amortization of accumulated other comprehensive loss	17
Pension Plans | Minimum	'
Pension and Other Postretirement Benefit Disclosures	'
Discount rate used to calculate the net periodic benefit costs for June 30, 2014 (as a percent)	4.25%
Expected long-term rate of return on plan assets used to calculate the net periodic benefit costs (as a percent)	6.25%
Pension Plans | Maximum	'
Pension and Other Postretirement Benefit Disclosures	'
Discount rate used to calculate the net periodic benefit costs for June 30, 2014 (as a percent)	4.50%
Expected long-term rate of return on plan assets used to calculate the net periodic benefit costs (as a percent)	7.00%
Other Postretirement Plans	'
Pension and Other Postretirement Benefit Disclosures	'
Estimated net pension expense	11.6
Discount rate used to calculate the net periodic benefit costs for June 30, 2014 (as a percent)	6.25%
Amounts in other comprehensive loss that are expected to recognized as components of net periodic benefit cost in the next fiscal year	'
Amortization of net actuarial loss	2
Amortization of accumulated other comprehensive loss	$2
Other Postretirement Plans | Minimum	'
Pension and Other Postretirement Benefit Disclosures	'
Expected long-term rate of return on plan assets used to calculate the net periodic benefit costs (as a percent)	4.25%
Other Postretirement Plans | Maximum	'
Pension and Other Postretirement Benefit Disclosures	'
Expected long-term rate of return on plan assets used to calculate the net periodic benefit costs (as a percent)	4.50%

Pension_and_Other_Postretireme9

Pension and Other Postretirement Benefits (Details 8)	12 Months Ended
	Jun. 30, 2014	Jun. 30, 2013
Pension and Other Postretirement Benefit Disclosures	'	'
Weighted-average asset allocation (as a percent)	100.00%	100.00%
Percentage increase in funding level to shift assets from return seeking to liability hedging	5.00%	'
Percentage change in assets allocation from assets seeking to liability hedging due to increase in funding level	4.00%	'
Equity securities	'	'
Pension and Other Postretirement Benefit Disclosures	'	'
Weighted-average asset allocation (as a percent)	55.10%	63.50%
Fixed income securities	'	'
Pension and Other Postretirement Benefit Disclosures	'	'
Weighted-average asset allocation (as a percent)	44.20%	34.30%
Cash and cash equivalents	'	'
Pension and Other Postretirement Benefit Disclosures	'	'
Weighted-average asset allocation (as a percent)	0.70%	2.20%
U.S. Pension Plans | Return seeking asset	'	'
Pension and Other Postretirement Benefit Disclosures	'	'
Plan's current allocation policy (as a percent)	60.00%	'
U.S. Pension Plans | Liability hedging assets	'	'
Pension and Other Postretirement Benefit Disclosures	'	'
Plan's current allocation policy (as a percent)	40.00%	'
Other Postretirement Plans | Equity securities	'	'
Pension and Other Postretirement Benefit Disclosures	'	'
Plan's current allocation policy (as a percent)	60.00%	'
Other Postretirement Plans | Fixed income securities	'	'
Pension and Other Postretirement Benefit Disclosures	'	'
Plan's current allocation policy (as a percent)	40.00%	'

Recovered_Sheet1

Pension and Other Postretirement Benefits (Details 9) (USD $)	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2012
In Millions, unless otherwise specified
Pension Plans	'	'	'
Pension and Other Postretirement Benefit Disclosures	'	'	'
Fair value of pension plan assets	$1,024.40	$930.20	$770.90
Pension Plans | Short-term investments	'	'	'
Pension and Other Postretirement Benefit Disclosures	'	'	'
Fair value of pension plan assets	15.3	13.7	'
Pension Plans | Domestic and international equities	'	'	'
Pension and Other Postretirement Benefit Disclosures	'	'	'
Fair value of pension plan assets	142.1	281.8	'
Pension Plans | Commingled funds	'	'	'
Pension and Other Postretirement Benefit Disclosures	'	'	'
Fair value of pension plan assets	406.1	216.5	'
Pension Plans | Limited partnerships	'	'	'
Pension and Other Postretirement Benefit Disclosures	'	'	'
Fair value of pension plan assets	52	137.9	'
Pension Plans | Government agency bonds	'	'	'
Pension and Other Postretirement Benefit Disclosures	'	'	'
Fair value of pension plan assets	134.6	109.8	'
Pension Plans | Corporate bonds	'	'	'
Pension and Other Postretirement Benefit Disclosures	'	'	'
Fair value of pension plan assets	248.1	149.8	'
Pension Plans | Mutual funds	'	'	'
Pension and Other Postretirement Benefit Disclosures	'	'	'
Fair value of pension plan assets	2.9	2.5	'
Pension Plans | Mortgage/ asset backed securities and other	'	'	'
Pension and Other Postretirement Benefit Disclosures	'	'	'
Fair value of pension plan assets	23.3	18.2	'
Pension Plans | Level 1	'	'	'
Pension and Other Postretirement Benefit Disclosures	'	'	'
Fair value of pension plan assets	214.5	344.3	'
Pension Plans | Level 1 | Domestic and international equities	'	'	'
Pension and Other Postretirement Benefit Disclosures	'	'	'
Fair value of pension plan assets	142.1	281.8	'
Pension Plans | Level 1 | Commingled funds	'	'	'
Pension and Other Postretirement Benefit Disclosures	'	'	'
Fair value of pension plan assets	64.7	52.1	'
Pension Plans | Level 1 | Government agency bonds	'	'	'
Pension and Other Postretirement Benefit Disclosures	'	'	'
Fair value of pension plan assets	4.8	7.9	'
Pension Plans | Level 1 | Mutual funds	'	'	'
Pension and Other Postretirement Benefit Disclosures	'	'	'
Fair value of pension plan assets	2.9	2.5	'
Pension Plans | Level 2	'	'	'
Pension and Other Postretirement Benefit Disclosures	'	'	'
Fair value of pension plan assets	809.9	585.9	'
Pension Plans | Level 2 | Short-term investments	'	'	'
Pension and Other Postretirement Benefit Disclosures	'	'	'
Fair value of pension plan assets	15.3	13.7	'
Pension Plans | Level 2 | Commingled funds	'	'	'
Pension and Other Postretirement Benefit Disclosures	'	'	'
Fair value of pension plan assets	341.4	164.4	'
Pension Plans | Level 2 | Limited partnerships	'	'	'
Pension and Other Postretirement Benefit Disclosures	'	'	'
Fair value of pension plan assets	52	137.9	'
Pension Plans | Level 2 | Government agency bonds	'	'	'
Pension and Other Postretirement Benefit Disclosures	'	'	'
Fair value of pension plan assets	129.8	101.9	'
Pension Plans | Level 2 | Corporate bonds	'	'	'
Pension and Other Postretirement Benefit Disclosures	'	'	'
Fair value of pension plan assets	248.1	149.8	'
Pension Plans | Level 2 | Mortgage/ asset backed securities and other	'	'	'
Pension and Other Postretirement Benefit Disclosures	'	'	'
Fair value of pension plan assets	23.3	18.2	'
Other Postretirement Plans	'	'	'
Pension and Other Postretirement Benefit Disclosures	'	'	'
Fair value of pension plan assets	106.5	93.2	85.3
Other Postretirement Plans | Short-term investments	'	'	'
Pension and Other Postretirement Benefit Disclosures	'	'	'
Fair value of pension plan assets	17.2	14.2	'
Other Postretirement Plans | Commingled funds	'	'	'
Pension and Other Postretirement Benefit Disclosures	'	'	'
Fair value of pension plan assets	61.2	51.4	'
Other Postretirement Plans | Government agency bonds	'	'	'
Pension and Other Postretirement Benefit Disclosures	'	'	'
Fair value of pension plan assets	18.6	15.9	'
Other Postretirement Plans | Corporate bonds	'	'	'
Pension and Other Postretirement Benefit Disclosures	'	'	'
Fair value of pension plan assets	6.8	7.5	'
Other Postretirement Plans | Mortgage/ asset backed securities and other	'	'	'
Pension and Other Postretirement Benefit Disclosures	'	'	'
Fair value of pension plan assets	2.7	4.2	'
Other Postretirement Plans | Level 2	'	'	'
Pension and Other Postretirement Benefit Disclosures	'	'	'
Fair value of pension plan assets	106.5	93.2	'
Other Postretirement Plans | Level 2 | Short-term investments	'	'	'
Pension and Other Postretirement Benefit Disclosures	'	'	'
Fair value of pension plan assets	17.2	14.2	'
Other Postretirement Plans | Level 2 | Commingled funds	'	'	'
Pension and Other Postretirement Benefit Disclosures	'	'	'
Fair value of pension plan assets	61.2	51.4	'
Other Postretirement Plans | Level 2 | Government agency bonds	'	'	'
Pension and Other Postretirement Benefit Disclosures	'	'	'
Fair value of pension plan assets	18.6	15.9	'
Other Postretirement Plans | Level 2 | Corporate bonds	'	'	'
Pension and Other Postretirement Benefit Disclosures	'	'	'
Fair value of pension plan assets	6.8	7.5	'
Other Postretirement Plans | Level 2 | Mortgage/ asset backed securities and other	'	'	'
Pension and Other Postretirement Benefit Disclosures	'	'	'
Fair value of pension plan assets	$2.70	$4.20	'

Recovered_Sheet2

Pension and Other Postretirement Benefits (Details 10) (USD $)	12 Months Ended
In Millions, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2012
Pension and Other Postretirement Benefit Disclosures	'	'	'
Pension contributions	$6.30	$144.90	$30
Pension Plans	'	'	'
Pension and Other Postretirement Benefit Disclosures	'	'	'
Expected contributions for next fiscal year	15.5	'	'
Estimated future benefit payments	'	'	'
2015	77	'	'
2016	77.6	'	'
2017	78.6	'	'
2018	80.7	'	'
2019	82.3	'	'
2020-2024	439.5	'	'
U.S. Pension Plans	'	'	'
Pension and Other Postretirement Benefit Disclosures	'	'	'
Pension contributions	6.3	144.9	30
Other non-qualified pension plans	'	'	'
Pension and Other Postretirement Benefit Disclosures	'	'	'
Pension contributions	3.2	3.3	3.2
Other Postretirement Plans	'	'	'
Estimated future benefit payments	'	'	'
2015	15.4	'	'
2016	16.4	'	'
2017	17.2	'	'
2018	17.9	'	'
2019	18.4	'	'
2020-2024	95.9	'	'
Other Benefit Plans	'	'	'
Contributions to defined contribution retirement and savings plans	$10.60	$8.90	$6.80

Contingencies_and_Commitments_

Contingencies and Commitments (Details) (USD $)	12 Months Ended			1 Months Ended
In Millions, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2012	Sep. 30, 2011	Jun. 30, 2011	Aug. 18, 2008
				Boarhead Farms	Boarhead Farms	Boarhead Farms
Loss contingencies	'	'	'	'	'	'
Increase made by the company in the liabilities of environmental remediation costs	$0.70	$0.30	$0.70	'	'	'
Environmental remediation liability	15.5	14.8	'	'	'	'
Percentage of past remediating costs including prejudgment interest	'	'	'	'	'	80.00%
Percentage of future remediating costs	'	'	'	'	'	80.00%
Contingent liability	'	'	'	'	21.8	'
Payment for settlement	'	'	$21.80	$21.80	'	'

Contingencies_and_Commitments_1

Contingencies and Commitments (Details 2) (Raw materials, USD $)	12 Months Ended
In Millions, unless otherwise specified	Jun. 30, 2014
Raw materials	'
Purchase agreements	'
Aggregate purchase commitments relating to fiscal year 2015	$231.20

Operating_Leases_Details

Operating Leases (Details) (USD $)	12 Months Ended
In Millions, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2012
Operating Leases	'	'	'
Rent expense total	$12.80	$12.30	$9.80
Future minimum payments for non-cancellable operating leases, 2015	9.6	'	'
Future minimum payments for non-cancellable operating leases, 2016	7.2	'	'
Future minimum payments for non-cancellable operating leases, 2017	4.2	'	'
Future minimum payments for non-cancellable operating leases, 2018	2.7	'	'
Future minimum payments for non-cancellable operating leases, 2019	2.4	'	'
Future minimum payments for non-cancellable operating leases, thereafter	$8.10	'	'

Fair_Value_Measurements_Detail

Fair Value Measurements (Details) (Measured on a recurring basis, USD $)	Jun. 30, 2014	Jun. 30, 2013
In Millions, unless otherwise specified
Assets and liabilities measured at fair value on a recurring basis	'	'
Derivative financial instruments, Assets	$20.40	$0.90
Total assets	25.6	6.3
Derivative financial instruments, Liabilities	10.9	73.1
Level 2	'	'
Assets and liabilities measured at fair value on a recurring basis	'	'
Derivative financial instruments, Assets	20.4	0.9
Total assets	25.6	6.3
Derivative financial instruments, Liabilities	10.9	73.1
Municipal auction rate securities	'	'
Assets and liabilities measured at fair value on a recurring basis	'	'
Marketable securities	5.2	5.4
Municipal auction rate securities | Level 2	'	'
Assets and liabilities measured at fair value on a recurring basis	'	'
Marketable securities	$5.20	$5.40

Fair_Value_Measurements_Detail1

Fair Value Measurements (Details 2) (USD $)	Jun. 30, 2014	Jun. 30, 2013
In Millions, unless otherwise specified
Carrying Value	'	'
Carrying amounts and estimated fair values of financial instruments not recorded at fair value	'	'
Long-term debt, including current portion	$604.30	$604.20
Carrying Value | Level 2	'	'
Carrying amounts and estimated fair values of financial instruments not recorded at fair value	'	'
Company-owned life insurance	16.2	13.6
Fair Value	'	'
Carrying amounts and estimated fair values of financial instruments not recorded at fair value	'	'
Company-owned life insurance	16.2	13.6
Fair Value | Level 2	'	'
Carrying amounts and estimated fair values of financial instruments not recorded at fair value	'	'
Long-term debt, including current portion	$638.70	$602.80

ShareBased_Compensation_Detail

Share-Based Compensation (Details) (USD $)	12 Months Ended
In Millions, except Share data, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2012
	item
Share-Based Compensation	'	'	'
Number of share-based compensation plans	2	'	'
Compensation cost	$11.40	$13.10	$13.30
Stock options	'	'	'
Share-Based Compensation	'	'	'
Compensation cost	3.5	3.4	3.1
Fair value assumptions	'	'	'
Expected volatility (as a percent)	49.00%	55.00%	54.00%
Dividend yield (as a percent)	1.30%	1.50%	1.30%
Risk-free interest rate (as a percent)	1.40%	0.70%	1.40%
Expected term	'5 years	'5 years	'5 years
Stock options | Minimum	'	'	'
Share-based compensation disclosures	'	'	'
Options exercisable service period	'1 year	'	'
Stock options | Maximum	'	'	'
Share-based compensation disclosures	'	'	'
Options exercisable service period	'3 years	'	'
Expiration term	'10 years	'	'
1993 Plan	'	'	'
Share-based compensation disclosures	'	'	'
Shares available for grant	2,030,020	'	'
Director's Plan	'	'	'
Share-Based Compensation	'	'	'
Compensation cost	$1.20	$1.20	$1.10
Share-based compensation disclosures	'	'	'
Shares available for grant	752,532	'	'
Options exercisable service period	'1 year	'	'

ShareBased_Compensation_Detail1

Share-Based Compensation (Details 2) (USD $)	12 Months Ended
In Millions, except Share data, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2012
Number of Awards	'	'	'
Exercised (in shares)	-236,540	-115,600	-79,444
Stock options	'	'	'
Number of Awards	'	'	'
Balance at the beginning of the period (in shares)	1,088,728	1,022,606	956,807
Granted (in shares)	243,292	198,904	152,450
Exercised (in shares)	-236,540	-115,600	-79,444
Cancelled (in shares)	-31,585	-17,182	-7,207
Balance at the end of the period (in shares)	1,063,895	1,088,728	1,022,606
Weighted Average Exercise Price	'	'	'
Balance at the beginning of the period (in dollars per share)	37.51	33.54	29.23
Granted (in dollars per share)	54.65	48.6	55.04
Exercised (in dollars per share)	30.19	19.82	23.57
Cancelled (in dollars per share)	49.83	48.42	27.11
Balance at the end of the period (in dollars per share)	42.69	37.51	33.54
Additional disclosures	'	'	'
Weighted Average Remaining Contractual Term	'6 years 6 months	'	'
Aggregate Intrinsic Value	21.9	'	'
Number of Awards, Exercisable (in shares)	694,469	'	'
Weighted Average Exercise Price, Exercisable (in dollars per share)	37.15	'	'
Weighted Average Remaining Contractual Term, Exercisable	'5 years 6 months	'	'
Aggregate Intrinsic Value, Exercisable	18.1	'	'

ShareBased_Compensation_Detail2

Share-Based Compensation (Details 3) (Stock options, USD $)	12 Months Ended
	Jun. 30, 2014
Exercise price range disclosures	'
Number of Awards, Outstanding (in shares)	1,063,895
Weighted Average Exercise Price (in dollars per share)	$42.69
Number Exercisable (in shares)	694,469
Weighted Average Exercise Price (in dollars per share)	$37.15
$5.00 - $20.00	'
Exercise price range disclosures	'
Minimum Exercise Price Range (in dollars per share)	$5
Maximum Exercise Price Range (in dollars per share)	$20
Number of Awards, Outstanding (in shares)	73,412
Weighted Average Remaining Contractual Term	'5 years 1 month 6 days
Weighted Average Exercise Price (in dollars per share)	$17.29
Number Exercisable (in shares)	73,412
Weighted Average Exercise Price (in dollars per share)	$17.29
$20.01 - $30.00	'
Exercise price range disclosures	'
Minimum Exercise Price Range (in dollars per share)	$20.01
Maximum Exercise Price Range (in dollars per share)	$30
Number of Awards, Outstanding (in shares)	185,293
Weighted Average Remaining Contractual Term	'5 years
Weighted Average Exercise Price (in dollars per share)	$22.67
Number Exercisable (in shares)	185,293
Weighted Average Exercise Price (in dollars per share)	$22.67
$30.01- - $40.00	'
Exercise price range disclosures	'
Minimum Exercise Price Range (in dollars per share)	$30.01
Maximum Exercise Price Range (in dollars per share)	$40
Number of Awards, Outstanding (in shares)	139,350
Weighted Average Remaining Contractual Term	'6 years 1 month 6 days
Weighted Average Exercise Price (in dollars per share)	$34.66
Number Exercisable (in shares)	139,350
Weighted Average Exercise Price (in dollars per share)	$34.66
$40.01 - $50.00	'
Exercise price range disclosures	'
Minimum Exercise Price Range (in dollars per share)	$40.01
Maximum Exercise Price Range (in dollars per share)	$50
Number of Awards, Outstanding (in shares)	214,858
Weighted Average Remaining Contractual Term	'7 years
Weighted Average Exercise Price (in dollars per share)	$46.75
Number Exercisable (in shares)	118,199
Weighted Average Exercise Price (in dollars per share)	$45.68
$50.01 - $63.54	'
Exercise price range disclosures	'
Minimum Exercise Price Range (in dollars per share)	$50.01
Maximum Exercise Price Range (in dollars per share)	$63.54
Number of Awards, Outstanding (in shares)	450,982
Weighted Average Remaining Contractual Term	'7 years 2 months 12 days
Weighted Average Exercise Price (in dollars per share)	$55.60
Number Exercisable (in shares)	178,215
Weighted Average Exercise Price (in dollars per share)	$56.70

ShareBased_Compensation_Detail3

Share-Based Compensation (Details 4) (USD $)	12 Months Ended
In Millions, except Share data, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2011
Share-based compensation disclosures	'	'	'	'
Compensation cost	$11.40	$13.10	$13.30	'
Non-employee Board of Director's Plan	'	'	'	'
Share-based compensation disclosures	'	'	'	'
Compensation cost	1.2	1.2	1.1	'
Unvested stock option cost	0.3	'	'	'
Unvested stock option weighted average remaining life	'3 months 18 days	'	'	'
Stock options	'	'	'	'
Share-based compensation disclosures	'	'	'	'
Weighted average grant date fair value (in dollars per share)	$21.31	$20.37	$23.46	'
Compensation cost	3.5	3.4	3.1	'
Unvested stock option cost	$3.20	'	'	'
Unvested stock option weighted average remaining life	'1 year 9 months 18 days	'	'	'
Options outstanding (in shares)	1,063,895	1,088,728	1,022,606	956,807
Stock options | 1993 Plan	'	'	'	'
Share-based compensation disclosures	'	'	'	'
Options outstanding (in shares)	848,921	'	'	'
Stock options | Non-employee Board of Director's Plan	'	'	'	'
Share-based compensation disclosures	'	'	'	'
Options outstanding (in shares)	214,974	'	'	'

ShareBased_Compensation_Detail4

Share-Based Compensation (Details 5) (USD $)	12 Months Ended
In Millions, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2012
Share-based compensation disclosures	'	'	'
Compensation cost	$11.40	$13.10	$13.30
Restricted stock unit awards | 1993 Plan	'	'	'
Share-based compensation disclosures	'	'	'
Compensation cost	2.8	4.8	6.1
Restricted stock option cost	$1.60	'	'
Restricted stock option weighted average remaining life	'1 year 3 months 18 days	'	'
Performance-based restricted stock unit awards | 1993 Plan | Minimum	'	'	'
Share-based compensation disclosures	'	'	'
Shares vesting period	'0 years	'	'
Performance-based restricted stock unit awards | 1993 Plan | Maximum	'	'	'
Share-based compensation disclosures	'	'	'
Shares vesting period	'2 years	'	'
Time-based restricted stock unit awards | 1993 Plan	'	'	'
Share-based compensation disclosures	'	'	'
Shares vesting period	'3 years	'	'

ShareBased_Compensation_Detail5

Share-Based Compensation (Details 6) (Restricted stock unit awards, 1993 Plan, USD $)	12 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2012
Restricted stock unit awards | 1993 Plan	'	'	'
Number of Awards	'	'	'
Balance at the beginning of the period (in shares)	215,415	419,331	480,741
Time-based granted (in shares)	14,086	22,838	43,408
Performance-based granted (in shares)	20,794	41,816	77,423
Vested (in shares)	-120,117	-254,967	-171,140
Forfeited (in shares)	-16,615	-13,603	-11,101
Balance at the end of the period (in shares)	113,563	215,415	419,331
Weighted-Average Grant Date Fair Value	'	'	'
Balance at the beginning of the period (in dollars per share)	$43.75	$35.71	$28.17
Time-based granted (in dollars per share)	$52.58	$50.15	$49.75
Performance-based granted (in dollars per share)	$48.85	$47.85	$55.69
Vested (in dollars per share)	$43.96	$31.39	$28
Forfeited (in dollars per share)	$48.02	$51.85	$21.75
Balance at the end of the period (in dollars per share)	$44.99	$43.75	$35.71

ShareBased_Compensation_Detail6

Share-Based Compensation (Details 7) (USD $)	12 Months Ended
In Millions, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2012
Share-based compensation disclosures	'	'	'
Compensation cost	$11.40	$13.10	$13.30
Total Stockholder Return Awards	'	'	'
Share-based compensation disclosures	'	'	'
Shares vesting period	'3 years	'	'
Compensation cost	$3.90	$3.70	$3
Total Stockholder Return Awards | Minimum	'	'	'
Share-based compensation disclosures	'	'	'
Target shares awarded percentage	50.00%	'	'
Total Stockholder Return Awards | Maximum	'	'	'
Share-based compensation disclosures	'	'	'
Target shares awarded percentage	200.00%	'	'

ShareBased_Compensation_Detail7

Share-Based Compensation (Details 8) (USD $)	12 Months Ended
In Millions, except Share data, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2012
Additional disclosures	'	'	'
Compensation cost	$11.40	$13.10	$13.30
Non-employee Board of Director's Plan	'	'	'
Share-based compensation disclosures	'	'	'
Percentage of Director's annual retainer paid in stock instead of cash	50.00%	'	'
Percentage of units vests following the grant date	25.00%	'	'
Stock vesting period with reference to service term	'3 months	'	'
Percentage of Director's committee chair fees paid in stock instead of cash	100.00%	'	'
Number of Units	'	'	'
Balance at the beginning of the period (in shares)	246,519	221,410	195,701
Granted (in shares)	19,770	21,710	22,660
Dividend equivalents (in shares)	3,026	3,399	3,049
Balance at the end of the period (in shares)	269,315	246,519	221,410
Weighted Average Grant Date Fair Value	'	'	'
Balance at the beginning of the period (in dollars per share)	$30.06	$27.10	$25.81
Granted (in dollars per share)	$59.47	$53.53	$47.89
Balance at the end of the period (in dollars per share)	$32.25	$30.06	$27.10
Additional disclosures	'	'	'
Shares vesting period	'1 year	'	'
Compensation cost	1.2	1.2	1.1
Unvested stock option cost	$0.30	'	'
Unvested stock option weighted average remaining life	'3 months 18 days	'	'
Non-employee Board of Director's Plan | Minimum	'	'	'
Share-based compensation disclosures	'	'	'
Percentage of Director's annual retainer paid in stock instead of cash	50.00%	'	'

Derivatives_and_Hedging_Activi2

Derivatives and Hedging Activities (Details) (USD $)	12 Months Ended
In Millions, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2012
Fair value of derivatives	'	'	'
Derivatives designated as hedging instruments, Asset	$20.40	$0.90	'
Derivatives designated as hedging instruments, Liability	10.9	73.1	'
Foreign Currency Contracts	'	'	'
Fair value of derivatives	'	'	'
Derivatives designated as hedging instruments, Asset	'	0.9	'
Derivatives designated as hedging instruments, Liability	0.6	0.4	'
Commodity Contracts	'	'	'
Fair value of derivatives	'	'	'
Derivatives designated as hedging instruments, Asset	20.4	'	'
Derivatives designated as hedging instruments, Liability	10.3	72.7	'
Other current assets	'	'	'
Fair value of derivatives	'	'	'
Derivatives designated as hedging instruments, Asset	11.3	0.9	'
Other current assets | Foreign Currency Contracts	'	'	'
Fair value of derivatives	'	'	'
Derivatives designated as hedging instruments, Asset	'	0.9	'
Other current assets | Commodity Contracts	'	'	'
Fair value of derivatives	'	'	'
Derivatives designated as hedging instruments, Asset	11.3	'	'
Other assets	'	'	'
Fair value of derivatives	'	'	'
Derivatives designated as hedging instruments, Asset	9.1	'	'
Other assets | Commodity Contracts	'	'	'
Fair value of derivatives	'	'	'
Derivatives designated as hedging instruments, Asset	9.1	'	'
Accrued liabilities	'	'	'
Fair value of derivatives	'	'	'
Derivatives designated as hedging instruments, Liability	4.7	29.1	'
Accrued liabilities | Foreign Currency Contracts	'	'	'
Fair value of derivatives	'	'	'
Derivatives designated as hedging instruments, Liability	0.4	0.4	'
Accrued liabilities | Commodity Contracts	'	'	'
Fair value of derivatives	'	'	'
Derivatives designated as hedging instruments, Liability	4.3	28.7	'
Other liabilities	'	'	'
Fair value of derivatives	'	'	'
Derivatives designated as hedging instruments, Liability	6.2	44	'
Other liabilities | Foreign Currency Contracts	'	'	'
Fair value of derivatives	'	'	'
Derivatives designated as hedging instruments, Liability	0.2	'	'
Other liabilities | Commodity Contracts	'	'	'
Fair value of derivatives	'	'	'
Derivatives designated as hedging instruments, Liability	6	44	'
Fair Value Hedging | Interest Rate Swaps	'	'	'
Fair value of derivatives	'	'	'
Outstanding derivative contracts	0	'	'
Net gains recorded as a reduction to interest expense	0	1.4	1.4
Cash flow hedges	'	'	'
Fair value of derivatives	'	'	'
Amount of Gain (Loss) Recognized in AOCI on Derivatives (Effective Portion)	57.7	-38.6	-79.1
Cash flow hedges | Interest Rate Swaps	'	'	'
Fair value of derivatives	'	'	'
Amount of Gain (Loss) Recognized in AOCI on Derivatives (Effective Portion)	'	2.7	'
Cash flow hedges | Foreign Currency Contracts	'	'	'
Fair value of derivatives	'	'	'
Amount of Gain (Loss) Recognized in AOCI on Derivatives (Effective Portion)	-1.6	1.9	-0.1
Cash flow hedges | Commodity Contracts	'	'	'
Fair value of derivatives	'	'	'
Amounts of raw materials to be purchased from forward contracts	30,100,000	'	'
Amount of Gain (Loss) Recognized in AOCI on Derivatives (Effective Portion)	$59.30	($43.20)	($79)

Derivatives_and_Hedging_Activi3

Derivatives and Hedging Activities (Details 2) (USD $)	12 Months Ended
In Millions, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2012
(Losses) gains related to cash flow hedges	'	'	'
Net derivative gains included in AOCI expected to be reclassified into earnings	$6	'	'
Changes in AOCI associated with derivative hedging activities	'	'	'
Balance, beginning	-41.5	'	'
Balance, ending	7.6	'	-32.8
Cash collateral held by counterparties	0	'	'
Cash flow hedges	'	'	'
(Losses) gains related to cash flow hedges	'	'	'
Amount of (Loss) Gain Reclassified from AOCI into Income (Effective Portion)	-20.9	-24.6	-22.2
Amount of Loss Reclassified from AOCI into Income (Ineffective Portion)	-0.3	'	'
Changes in AOCI associated with derivative hedging activities	'	'	'
Balance, beginning	-41.5	-32.8	2.6
Current period changes in fair value, net of tax	36	-24.2	-49.1
Reclassification to earnings, net of tax	13.1	15.5	13.7
Balance, ending	7.6	-41.5	-32.8
Cash flow hedges | Commodity contracts | Cost of Sales	'	'	'
(Losses) gains related to cash flow hedges	'	'	'
Amount of (Loss) Gain Reclassified from AOCI into Income (Effective Portion)	-20.5	-24.9	-23.4
Amount of Loss Reclassified from AOCI into Income (Ineffective Portion)	-0.3	'	'
Cash flow hedges | Foreign exchange contracts | Net Sales	'	'	'
(Losses) gains related to cash flow hedges	'	'	'
Amount of (Loss) Gain Reclassified from AOCI into Income (Effective Portion)	-0.8	0.1	1.2
Cash flow hedges | Forward interest rate swaps | Interest expense	'	'	'
(Losses) gains related to cash flow hedges	'	'	'
Amount of (Loss) Gain Reclassified from AOCI into Income (Effective Portion)	$0.40	$0.20	'

Income_Taxes_Details

Income Taxes (Details) (USD $)	12 Months Ended
In Millions, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2012
Income from continuing operations before income taxes for the Company's domestic and foreign operations	'	'	'
Domestic	$178.60	$198	$168.40
Foreign	17.8	18.8	20.2
Income before income taxes	196.4	216.8	188.6
Provision (benefit) for income taxes from continuing operations	'	'	'
Federal, current	61.3	49.7	21.5
State, current	6.5	5.9	2.9
Foreign, current	5.5	5.3	5.8
Total current	73.3	60.9	30.2
Federal, deferred	-8	7.8	32.5
State, deferred	-1.4	2.5	4.1
Foreign, deferred	-0.3	-0.9	0.2
Total deferred	-9.7	9.4	36.8
Total income tax expense	$63.60	$70.30	$67

Income_Taxes_Details_2

Income Taxes (Details 2)	12 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2012
Reconciliation of income taxes computed at the U.S. Federal income tax rate to the Company's effective income tax rate	'	'	'
Statutory federal income tax rate (as a percent)	35.00%	35.00%	35.00%
State income taxes, net of federal tax benefit (as a percent)	2.50%	2.00%	2.20%
Domestic manufacturing deduction (as a percent)	-3.50%	-2.70%	-2.30%
Other, net (as a percent)	-1.60%	-1.90%	0.60%
Effective income tax rate (as a percent)	32.40%	32.40%	35.50%

Income_Taxes_Details_3

Income Taxes (Details 3) (USD $)	12 Months Ended
In Millions, unless otherwise specified	Jun. 30, 2014
Operating loss carryforwards disclosures	'
Reduction valuation allowance amount	$1.50
Amount of future tax benefits	5
State	'
Operating loss carryforwards disclosures	'
Net operating loss carryforwards expiring between 2015 and 2033	$319.60

Income_Taxes_Details_4

Income Taxes (Details 4) (USD $)	Jun. 30, 2014	Jun. 30, 2013
In Millions, unless otherwise specified
Income Taxes	'	'
Deferred tax assets, pensions	$82.70	$96.50
Deferred tax assets, postretirement provisions	66.9	64.6
Deferred tax assets, net operating loss carryforwards	20.6	21.3
Deferred tax assets, Derivatives and hedging activities	'	25.2
Deferred tax assets, other	35	32.6
Gross deferred tax assets	205.2	240.2
Deferred tax assets, valuation allowances	-17.8	-19.2
Net deferred tax assets	187.4	221
Deferred tax liabilities, depreciation	-232.3	-227.4
Deferred tax liabilities, intangible assets	-37.5	-43
Deferred tax liabilities, inventories	-28.8	-21.1
Deferred tax liabilities, Other	-4	'
Total deferred tax liabilities	-302.6	-291.5
Deferred tax liabilities	-115.2	-70.5
Undistributed earnings of foreign subsidiaries	$128.40	'

Income_Taxes_Details_5

Income Taxes (Details 5) (USD $)	12 Months Ended
In Millions, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2012
Income Taxes	'	'	'
Balance, beginning	$1.40	$2.30	$1.90
Additions based on tax positions of prior years	'	0.6	'
Additions based on tax positions of current years	'	'	0.4
Reductions as a result of a lapse of statute of limitations	-1.1	-1.3	'
Reductions based on tax positions of prior year	-0.1	-0.2	'
Reductions as a result of settlements with taxing authorities	-0.2	'	'
Balance, ending	0	1.4	2.3
Unrecognized tax benefits that, if recognized would affect the entity's effective tax rate	'	1.4	0.8
Income tax expense (benefits) related to interest and benefit	-0.6	-0.3	0.4
Amount of interest and penalties accrued	$0	$0.60	'
Statute of limitations period for state tax audits, low end of range	'4 years	'	'
Statute of limitations period for state tax audits, high end of range	'6 years	'	'

Other_Income_Net_Details

Other Income, Net (Details) (USD $)	12 Months Ended
In Millions, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2012
Other Income, Net	'	'	'
Interest income	$0.20	$0.30	$0.90
Equity in earnings of unconsolidated subsidiaries	0.6	1.3	0.6
Unrealized gains (losses) on company owned life insurance contracts and investments held in rabbi trusts	2.1	3.4	-0.4
Foreign exchange	-1.5	'	1
Other	'	0.1	0.2
Total other income, net	$1.40	$5.10	$2.30

Superalloy_Powders_Technical_A1

Superalloy Powders Technical Assistance and Powder Supply Agreements (Details) (USD $)	12 Months Ended
In Millions, unless otherwise specified	Jun. 30, 2014
Superalloy powders technical assistance and powder supply agreements	'
Up-front license fee asset	$13
Up-front license fee paid	9.8
Term for minimum guarantee up-front license fee amortization	'12 years
Other assets	'
Superalloy powders technical assistance and powder supply agreements	'
Up-front license fee asset	13
Accrued liabilities	'
Superalloy powders technical assistance and powder supply agreements	'
Up-front license fee payable	3.2
Technical assistance agreement and a long-term powder supply agreement | UTC	'
Superalloy powders technical assistance and powder supply agreements	'
Term for minimum guaranteed purchase quantities of specified materials	'12 years
Technical assistance agreement and a long-term powder supply agreement | UTC | Maximum	'
Superalloy powders technical assistance and powder supply agreements	'
Superalloy powder supply term	'20 years
Technical assistance agreement and a long-term powder supply agreement | UTC | Estimated	'
Superalloy powders technical assistance and powder supply agreements	'
Superalloy powder facility construction period	'18 months
Superalloy powder facility construction costs	$20

Segment_Information_Geographic2

Segment Information, Geographic and Product Data (Details)	12 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2012
	item	item	item
Major customer disclosure	'	'	'
Number of reportable segments	2	'	'
Number of customers accounted for 10% or more of the sales	0	0	0

Segment_Information_Geographic3

Segment Information, Geographic and Product Data (Details 2) (USD $)	3 Months Ended								12 Months Ended
In Millions, unless otherwise specified	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2012	Sep. 30, 2012	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2012
Segment Data	'	'	'	'	'	'	'	'	'	'	'
Net sales	$604.60	$566.30	$503.50	$498.60	$611.80	$581.40	$533.50	$544.90	$2,173	$2,271.70	$2,028.70
Operating income	59.2	49.5	47.5	55.8	65.4	53	52.7	61.6	212	232.7	210.1
Depreciation and Amortization	'	'	'	'	'	'	'	'	111.9	104.1	83.8
Capital Expenditures	'	'	'	'	'	'	'	'	349.2	310.2	157.8
Assets	3,057.50	'	'	'	2,882.90	'	'	'	3,057.50	2,882.90	'
Operating	'	'	'	'	'	'	'	'	'	'	'
Segment Data	'	'	'	'	'	'	'	'	'	'	'
Pension earnings, interest & deferrals	'	'	'	'	'	'	'	'	-21.8	-31.9	-15.3
Corporate	'	'	'	'	'	'	'	'	'	'	'
Segment Data	'	'	'	'	'	'	'	'	'	'	'
Operating income	'	'	'	'	'	'	'	'	-43.8	-47.7	-53.2
Depreciation and Amortization	'	'	'	'	'	'	'	'	5.5	5.9	5.6
Capital Expenditures	'	'	'	'	'	'	'	'	5.4	4.1	5.4
Assets	144.9	'	'	'	233.7	'	'	'	144.9	233.7	'
Intersegment	'	'	'	'	'	'	'	'	'	'	'
Segment Data	'	'	'	'	'	'	'	'	'	'	'
Net sales	'	'	'	'	'	'	'	'	-67.2	-71.9	-88.2
Operating income	'	'	'	'	'	'	'	'	-0.6	-1.4	-5.9
Depreciation and Amortization	'	'	'	'	'	'	'	'	-0.8	-0.6	-0.3
Capital Expenditures	'	'	'	'	'	'	'	'	-0.8	-1.5	-2.1
Assets	-33.9	'	'	'	-42	'	'	'	-33.9	-42	'
Specialty Alloys Operations | Operating	'	'	'	'	'	'	'	'	'	'	'
Segment Data	'	'	'	'	'	'	'	'	'	'	'
Net sales	'	'	'	'	'	'	'	'	1,741.60	1,823.50	1,672
Operating income	'	'	'	'	'	'	'	'	232.7	268.5	236.3
Depreciation and Amortization	'	'	'	'	'	'	'	'	83.4	76.7	59.7
Capital Expenditures	'	'	'	'	'	'	'	'	319.9	283.5	114.3
Assets	2,454.80	'	'	'	2,192.70	'	'	'	2,454.80	2,192.70	'
Performance Engineered Products | Operating	'	'	'	'	'	'	'	'	'	'	'
Segment Data	'	'	'	'	'	'	'	'	'	'	'
Net sales	'	'	'	'	'	'	'	'	498.6	520.1	444.9
Operating income	'	'	'	'	'	'	'	'	45.5	45.2	48.2
Depreciation and Amortization	'	'	'	'	'	'	'	'	23.8	22.1	18.8
Capital Expenditures	'	'	'	'	'	'	'	'	24.7	24.1	40.2
Assets	$491.70	'	'	'	$498.50	'	'	'	$491.70	$498.50	'

Segment_Information_Geographic4

Segment Information, Geographic and Product Data (Details 3) (USD $)	3 Months Ended								12 Months Ended
In Millions, unless otherwise specified	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2012	Sep. 30, 2012	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2012
Geographic Data	'	'	'	'	'	'	'	'	'	'	'
Net sales	$604.60	$566.30	$503.50	$498.60	$611.80	$581.40	$533.50	$544.90	$2,173	$2,271.70	$2,028.70
Long-lived assets	1,407	'	'	'	1,168.40	'	'	'	1,407	1,168.40	'
United States	'	'	'	'	'	'	'	'	'	'	'
Geographic Data	'	'	'	'	'	'	'	'	'	'	'
Net sales	'	'	'	'	'	'	'	'	1,537.90	1,575.30	1,364.20
Long-lived assets	1,379.50	'	'	'	1,142.50	'	'	'	1,379.50	1,142.50	'
Asia Pacific	'	'	'	'	'	'	'	'	'	'	'
Geographic Data	'	'	'	'	'	'	'	'	'	'	'
Net sales	'	'	'	'	'	'	'	'	137.1	153.6	142.1
Long-lived assets	11.6	'	'	'	9.1	'	'	'	11.6	9.1	'
Europe	'	'	'	'	'	'	'	'	'	'	'
Geographic Data	'	'	'	'	'	'	'	'	'	'	'
Net sales	'	'	'	'	'	'	'	'	349.5	382.1	375.9
Long-lived assets	6.1	'	'	'	6.1	'	'	'	6.1	6.1	'
Mexico	'	'	'	'	'	'	'	'	'	'	'
Geographic Data	'	'	'	'	'	'	'	'	'	'	'
Net sales	'	'	'	'	'	'	'	'	59.2	66.6	68.8
Long-lived assets	1.4	'	'	'	1.6	'	'	'	1.4	1.6	'
Canada	'	'	'	'	'	'	'	'	'	'	'
Geographic Data	'	'	'	'	'	'	'	'	'	'	'
Net sales	'	'	'	'	'	'	'	'	65.3	59.8	52.1
Long-lived assets	8.4	'	'	'	9.1	'	'	'	8.4	9.1	'
Other	'	'	'	'	'	'	'	'	'	'	'
Geographic Data	'	'	'	'	'	'	'	'	'	'	'
Net sales	'	'	'	'	'	'	'	'	$24	$34.30	$25.60

Segment_Information_Geographic5

Segment Information, Geographic and Product Data (Details 4) (USD $)	3 Months Ended								12 Months Ended
In Millions, unless otherwise specified	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2012	Sep. 30, 2012	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2012
Product Data	'	'	'	'	'	'	'	'	'	'	'
Net sales	$604.60	$566.30	$503.50	$498.60	$611.80	$581.40	$533.50	$544.90	$2,173	$2,271.70	$2,028.70
Special alloys	'	'	'	'	'	'	'	'	'	'	'
Product Data	'	'	'	'	'	'	'	'	'	'	'
Net sales	'	'	'	'	'	'	'	'	917	989.9	931.4
Stainless steel	'	'	'	'	'	'	'	'	'	'	'
Product Data	'	'	'	'	'	'	'	'	'	'	'
Net sales	'	'	'	'	'	'	'	'	643.6	638.8	637.3
Alloy and tool steel	'	'	'	'	'	'	'	'	'	'	'
Product Data	'	'	'	'	'	'	'	'	'	'	'
Net sales	'	'	'	'	'	'	'	'	240.4	255.7	108.6
Titanium products	'	'	'	'	'	'	'	'	'	'	'
Product Data	'	'	'	'	'	'	'	'	'	'	'
Net sales	'	'	'	'	'	'	'	'	157.7	155	156.6
Powder metals	'	'	'	'	'	'	'	'	'	'	'
Product Data	'	'	'	'	'	'	'	'	'	'	'
Net sales	'	'	'	'	'	'	'	'	48.6	60.4	64.3
Distribution and other	'	'	'	'	'	'	'	'	'	'	'
Product Data	'	'	'	'	'	'	'	'	'	'	'
Net sales	'	'	'	'	'	'	'	'	$165.70	$171.90	$130.50

Reclassifications_from_Accumul2

Reclassifications from Accumulated Other Comprehensive Income (AOCI) (Details) (USD $)	12 Months Ended
In Millions, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2012
Changes in the balance of Accumulated Other Comprehensive Income	'	'	'
Balance at the beginning of the period	($335.70)	($412.50)	'
Other comprehensive income before reclassifications	62.7	'	'
Amounts reclassified from AOCI	27.8	'	'
Other comprehensive income (loss), net of tax	90.5	77.1	-180.6
Balance at the end of the period	-245.2	-335.7	-412.5
Cash flow hedging items	'	'	'
Changes in the balance of Accumulated Other Comprehensive Income	'	'	'
Balance at the beginning of the period	-41.5	'	'
Other comprehensive income before reclassifications	36	'	'
Amounts reclassified from AOCI	13.1	'	'
Other comprehensive income (loss), net of tax	49.1	'	'
Balance at the end of the period	7.6	'	'
Pension and other postretirement benefit plan items	'	'	'
Changes in the balance of Accumulated Other Comprehensive Income	'	'	'
Balance at the beginning of the period	-273.6	'	'
Other comprehensive income before reclassifications	22.2	'	'
Amounts reclassified from AOCI	14.7	'	'
Other comprehensive income (loss), net of tax	36.9	'	'
Balance at the end of the period	-236.7	'	'
Unrealized losses on available-for-sale securities	'	'	'
Changes in the balance of Accumulated Other Comprehensive Income	'	'	'
Balance at the end of the period	-0.4	-0.4	'
Foreign currency items	'	'	'
Changes in the balance of Accumulated Other Comprehensive Income	'	'	'
Balance at the beginning of the period	-20.2	'	'
Other comprehensive income before reclassifications	4.5	'	'
Other comprehensive income (loss), net of tax	4.5	'	'
Balance at the end of the period	($15.70)	'	'

Reclassifications_from_Accumul3

Reclassifications from Accumulated Other Comprehensive Income (AOCI) (Details 2) (USD $)	3 Months Ended								12 Months Ended
In Millions, unless otherwise specified	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2012	Sep. 30, 2012	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2012
Amount reclassified from AOCI	'	'	'	'	'	'	'	'	'	'	'
Cost of sales	'	'	'	'	'	'	'	'	($1,774.10)	($1,838.20)	($1,637.70)
Net sales	604.6	566.3	503.5	498.6	611.8	581.4	533.5	544.9	2,173	2,271.70	2,028.70
Interest expense, net	'	'	'	'	'	'	'	'	-17	-21	-23.8
Income before income taxes	'	'	'	'	'	'	'	'	196.4	216.8	188.6
Tax benefit	'	'	'	'	'	'	'	'	-63.6	-70.3	-67
Net income	38.1	30.6	29.5	34.6	40.9	32.9	33.2	39.5	132.8	146.5	121.6
Cash flow hedging items | Amount Reclassified from AOCI	'	'	'	'	'	'	'	'	'	'	'
Amount reclassified from AOCI	'	'	'	'	'	'	'	'	'	'	'
Income before income taxes	'	'	'	'	'	'	'	'	-20.9	'	'
Tax benefit	'	'	'	'	'	'	'	'	7.8	'	'
Net income	'	'	'	'	'	'	'	'	-13.1	'	'
Cash flow hedging items | Amount Reclassified from AOCI | Commodity contracts	'	'	'	'	'	'	'	'	'	'	'
Amount reclassified from AOCI	'	'	'	'	'	'	'	'	'	'	'
Cost of sales	'	'	'	'	'	'	'	'	-20.5	'	'
Cash flow hedging items | Amount Reclassified from AOCI | Foreign exchange contracts	'	'	'	'	'	'	'	'	'	'	'
Amount reclassified from AOCI	'	'	'	'	'	'	'	'	'	'	'
Net sales	'	'	'	'	'	'	'	'	-0.8	'	'
Cash flow hedging items | Amount Reclassified from AOCI | Forward interest rate swaps	'	'	'	'	'	'	'	'	'	'	'
Amount reclassified from AOCI	'	'	'	'	'	'	'	'	'	'	'
Interest expense, net	'	'	'	'	'	'	'	'	0.4	'	'
Amortization of pension and other postretirement benefit plan items | Amount Reclassified from AOCI	'	'	'	'	'	'	'	'	'	'	'
Amount reclassified from AOCI	'	'	'	'	'	'	'	'	'	'	'
Net actuarial loss	'	'	'	'	'	'	'	'	-23	'	'
Prior service cost	'	'	'	'	'	'	'	'	-0.4	'	'
Income before income taxes	'	'	'	'	'	'	'	'	-23.4	'	'
Tax benefit	'	'	'	'	'	'	'	'	8.7	'	'
Net income	'	'	'	'	'	'	'	'	($14.70)	'	'

Supplemental_Data_Details

Supplemental Data (Details) (USD $)	12 Months Ended
In Millions, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2012
Supplemental Data	'	'	'
Repairs and maintenance costs	$108.90	$101.90	$90.30
Noncash investing and financing activities:	'	'	'
Treasury shares issued in connection with acquisition of business	'	'	415.5
Noncash purchases of property, equipment and software	8.5	26.7	14.1
Interest payments	15.1	16.8	20.2
Income tax payments, net	70.8	51.2	18.5
Foreign currency translation adjustment	-15.7	-20.2	-24.9
Pension and post-retirement benefits, net of tax	-236.7	-273.6	-354.1
Net unrealized gains (losses) on derivatives, net of tax	7.6	-41.5	-32.8
Unrealized losses on marketable securities, net of tax	-0.4	-0.4	-0.7
Total Accumulated Other Comprehensive Loss	($245.20)	($335.70)	($412.50)

Quarterly_Financial_Data_Unaud2

Quarterly Financial Data (Unaudited) (Details) (USD $)	3 Months Ended								12 Months Ended
In Millions, except Per Share data, unless otherwise specified	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2012	Sep. 30, 2012	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2012
Quarterly Financial Data (Unaudited)	'	'	'	'	'	'	'	'	'	'	'
Net sales	$604.60	$566.30	$503.50	$498.60	$611.80	$581.40	$533.50	$544.90	$2,173	$2,271.70	$2,028.70
Gross profit	105.6	94.5	95.4	103.3	120.5	101	102.6	109.3	398.9	433.5	391
Operating income	59.2	49.5	47.5	55.8	65.4	53	52.7	61.6	212	232.7	210.1
Net income	38.1	30.6	29.5	34.6	40.9	32.9	33.2	39.5	132.8	146.5	121.6
Net income attributable to Carpenter	$38.10	$30.60	$29.50	$34.60	$40.90	$32.90	$33	$39.20	$132.80	$146.10	$121.20
Basic (in dollars per share)	$0.71	$0.57	$0.55	$0.65	$0.77	$0.62	$0.62	$0.74	$2.48	$2.75	$2.55
Diluted (in dollars per share)	$0.71	$0.57	$0.55	$0.65	$0.77	$0.62	$0.62	$0.74	$2.47	$2.73	$2.53
Weighted average common shares outstanding, basic	53.4	53.3	53.2	53.1	52.9	52.9	52.9	52.8	53.3	52.9	47.1
Weighted average common shares outstanding, diluted	53.8	53.7	53.6	53.4	53.3	53.2	53.3	53.2	53.6	53.2	47.5

SCHEDULE_II_VALUATION_AND_QUAL1

SCHEDULE II. VALUATION AND QUALIFYING ACCOUNTS (Details) (USD $)	12 Months Ended
In Millions, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2012
Allowance for doubtful accounts receivable	'	'	'
Valuation accounts activity	'	'	'
Balance at Beginning of Period	$4.10	$4.90	$2.70
Charged to Costs and Expenses	0.1	0.6	0.7
Charged to Other Accounts	'	'	1.7
Deductions	-0.8	-1.4	-0.2
Balance at End of Period	3.4	4.1	4.9
Deferred tax valuation allowance	'	'	'
Valuation accounts activity	'	'	'
Balance at Beginning of Period	19.2	18.1	17.5
Charged to Costs and Expenses	-1.4	1.1	0.6
Balance at End of Period	17.8	19.2	18.1
Inventory reserves	'	'	'
Valuation accounts activity	'	'	'
Balance at Beginning of Period	23.1	18.2	12
Charged to Costs and Expenses	-1.6	2.9	1.2
Charged to Other Accounts	'	2	5.2
Deductions	-0.5	'	-0.2
Balance at End of Period	$21	$23.10	$18.20