SHARE-BASED COMPENSATION PLANS (Tables)

12 Months Ended

Jun. 30, 2016

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Fair value of outstanding stock option liability using Black-Scholes valuation model

The fair value of the Company’s outstanding Series A Preferred Stock liability on June 30, 2016 and June 30, 2015 were estimated using the Black-Scholes valuation model with the following assumptions:

	2016		2015
Expected life	4.79 years		5.79 years
Risk-free interest rate	1.01	%	1.96	%
Expected volatility	36.74	%	26.14	%
Expected dividend yield	0.96	%	0.63	%

During fiscal 2015, the share-based compensation expense recognized on nonqualified stock options is based upon the fair value on April 15, 2015 estimated using the Black-Scholes valuation model with the following assumptions:

	2015
Expected life	7.50 years
Risk-free interest rate	1.79%
Expected volatility	31.73%
Expected dividend yield	0.80%

Outstanding nonqualified stock option activity

The Company’s outstanding nonqualified stock options as of June 30, 2016 and activity during the fiscal year then ended are presented below:

	Shares (in millions)		Weighted Average Exercise Price		Aggregate Intrinsic Value		Weighted Average Remaining Contractual Term
Outstanding at July 1, 2015	14.0		$	11.32
Granted	—		—
Exercised	(4.5	)	8.86
Forfeited	(2.2	)	16.69
Outstanding at June 30, 2016	7.3		$	11.25
Vested and expected to vest at June 30, 2016	6.4		$	10.43	$	99.2	4.34
Exercisable at June 30, 2016	2.9		$	8.82	$	48.8	3.06

A summary of the total intrinsic value of stock options exercised and payments to settle nonqualified stock options

A summary of the aggregated weighted-average grant date fair value of stock options granted, total intrinsic value of stock options exercised and payment to settle nonqualified stock options for fiscal 2016, 2015 and 2014 is presented below:

	2016		2015		2014
Weighted-average grant date fair value of stock options	$	—	$	8.75	$	—
Intrinsic value of options exercised	87.6		77.2		28.3
Payment to settle nonqualified stock options of former CEOs	—		12.0		—

Schedule of non-vested nonqualified share activity

The Company’s non-vested shares of Series A Preferred Stock as of June 30, 2016 and activity during the fiscal year then ended are presented below:

	Shares (in millions)		Weighted Average Grant Date Fair Value
Non-vested at July 1, 2015	1.9		$	5.24
Granted	—		—
Vested	—		—
Forfeited	(0.2	)	5.24
Non-vested at June 30, 2016	1.7		$	5.24

The Company’s non-vested nonqualified stock options as of June 30, 2016 and activity during the fiscal year then ended are presented below:

	Shares (in millions)		Weighted Average Grant Date Fair Value
Non-vested at July 1, 2015	10.3		$	4.70
Granted	—		—
Vested	(3.7	)	3.56
Forfeited	(2.2	)	6.18
Non-vested at June 30, 2016	4.4		$	4.81

Outstanding RSU activity

The Company’s outstanding RSUs as of June 30, 2016 and activity during the fiscal year then ended are presented below:

	Shares (in millions)		Aggregate Intrinsic Value		Weighted Average Remaining Contractual Term
Outstanding at July 1, 2015	4.3
Granted	1.3
Settled	(0.2	)
Cancelled	(1.2	)
Outstanding at June 30, 2016	4.2
Vested and expected to vest at June 30, 2016	3.4		$	87.3	2.69

Outstanding and non-vested RSU activity

The Company’s outstanding and non-vested RSUs as of June 30, 2016 and activity during the fiscal year then ended are presented below:

	Shares (in millions)		Weighted Average Grant Date Fair Value
Outstanding and nonvested at July 1, 2015	3.9		$	16.23
Granted	1.3		33.82
Vested	(0.1	)	13.52
Cancelled	(1.2	)	17.57
Outstanding and nonvested at June 30, 2016	3.9		$	19.75