SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

3 Months Ended

Dec. 31, 2015

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Inventory and Promotional Merchandise

	December 31		June 30
(In millions)	2015		2015
Raw materials	$	247.3	$	306.9
Work in process	122.7		168.7
Finished goods	551.5		581.3
Promotional merchandise	155.9		158.9
	$	1,077.4	$	1,215.8

Property, Plant and Equipment

	December 31		June 30
(In millions)	2015		2015
Assets (Useful Life)
Land	$	15.2	$	15.4
Buildings and improvements (10 to 40 years)	181.6		184.9
Machinery and equipment (3 to 10 years)	672.9		671.3
Computer hardware and software (4 to 15 years)	1,051.4		1,012.4
Furniture and fixtures (5 to 10 years)	83.7		73.7
Leasehold improvements	1,697.5		1,621.9
	3,702.3		3,579.6
Less accumulated depreciation and amortization	2,205.5		2,089.4
	$	1,496.8	$	1,490.2

Other Accrued Liabilities

	December 31		June 30
(In millions)	2015		2015
Advertising, merchandising and sampling	$	311.7	$	293.8
Employee compensation	354.0		463.3
Payroll and other taxes	196.0		142.0
Accrued income taxes	188.2		96.9
Other	527.7		474.4
	$	1,577.6	$	1,470.4