DERIVATIVE INSTRUMENTS (Tables)

3 Months Ended

Sep. 30, 2016

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Fair value of derivative instruments

Derivatives are recognized on the balance sheet at their fair values. The following table presents the fair value of derivative instruments outstanding at September 30, 2016 and June 30, 2016:

	Asset					Liability
	Balance Sheet Classification	Fair Value				Balance Sheet Classification	Fair Value
		September 30, 2016		June 30, 2016			September 30, 2016		June 30, 2016
Derivatives designated as hedges:
Foreign exchange forward contracts	Prepaid expenses and other current assets	$	1.4	$	2.8	Accrued expenses and other current liabilities	$	2.4	$	3.1
Interest rate swap contracts	Prepaid expenses and other current assets	—		—		Accrued expenses and other current liabilities	10.5		13.6
Interest rate swap contracts	Other noncurrent assets	0.1		—		Other noncurrent liabilities	10.8		16.4
Total derivatives designated as hedges		$	1.5	$	2.8		$	23.7	$	33.1
Derivatives not designated as hedges:
Foreign exchange forward contracts	Prepaid expenses and other current assets	$	0.4	$	6.4	Accrued expenses and other current liabilities	$	1.9	$	4.2
Total derivatives not designated as hedges		$	0.4	$	6.4		$	1.9	$	4.2
Total derivatives		$	1.9	$	9.2		$	25.6	$	37.3

Gross amount of hedges recorded as assets

The table below presents the gross amount of foreign exchange contract hedges and interest rate swap contract hedges recorded as assets and liabilities in Prepaid expenses and other current assets and Accrued expenses and other current liabilities in the Condensed Consolidated Balance Sheet, respectively, as of September 30, 2016:

								Gross Amounts Not Offset in the Condensed Consolidated Balance Sheets
	Gross Amounts Recognized			Gross Amounts Offset in the Condensed Consolidated Balance Sheets		Net Amount Presented in the Condensed Consolidated Balance Sheets		Financial Instruments	Cash Collateral Received	Net Amount
Foreign exchange forward contracts:
Prepaid expenses and other current assets	$	1.9		(0.1	)	1.8		—	—	$	1.8
Accrued expenses and other current liabilities	$	(4.5	)	0.2		(4.3	)	—	—	$	(4.3	)
Interest rate swap contracts:
Other noncurrent assets	$	0.1		—		0.1		—	—	$	0.1
Accrued expenses and other current liabilities	$	(10.5	)	—		(10.5	)	—	—	$	(10.5	)
Other noncurrent liabilities	$	(10.8	)	—		(10.8	)	—	—	$	(10.8	)

The table below presents the gross amount of foreign exchange contract hedges and interest rate swap contracts recorded as assets and liabilities in Prepaid expenses and other current assets and Accrued expenses and other current liabilities in the Condensed Consolidated Balance Sheet, respectively, as of June 30, 2016:

								Gross Amounts Not Offset in the Condensed Consolidated Balance Sheets
	Gross Amounts Recognized			Gross Amounts Offset in the Condensed Consolidated Balance Sheets		Net Amount Presented in the Condensed Consolidated Balance Sheets		Financial Instruments	Cash Collateral Received	Net Amount
Foreign exchange forward contracts:
Prepaid expenses and other current assets	$	10.1		(0.9	)	9.2		—	—	$	9.2
Accrued expenses and other current liabilities	$	(8.9	)	1.6		(7.3	)	—	—	$	(7.3	)
Interest rate swap contracts:
Accrued expenses and other current liabilities	$	(13.6	)	—		(13.6	)	—	—	$	(13.6	)
Other noncurrent liabilities	$	(16.4	)	—		(16.4	)	—	—	$	(16.4	)

Gross amount of hedges recorded as liabilities

The table below presents the gross amount of foreign exchange contract hedges and interest rate swap contract hedges recorded as assets and liabilities in Prepaid expenses and other current assets and Accrued expenses and other current liabilities in the Condensed Consolidated Balance Sheet, respectively, as of September 30, 2016:

								Gross Amounts Not Offset in the Condensed Consolidated Balance Sheets
	Gross Amounts Recognized			Gross Amounts Offset in the Condensed Consolidated Balance Sheets		Net Amount Presented in the Condensed Consolidated Balance Sheets		Financial Instruments	Cash Collateral Received	Net Amount
Foreign exchange forward contracts:
Prepaid expenses and other current assets	$	1.9		(0.1	)	1.8		—	—	$	1.8
Accrued expenses and other current liabilities	$	(4.5	)	0.2		(4.3	)	—	—	$	(4.3	)
Interest rate swap contracts:
Other noncurrent assets	$	0.1		—		0.1		—	—	$	0.1
Accrued expenses and other current liabilities	$	(10.5	)	—		(10.5	)	—	—	$	(10.5	)
Other noncurrent liabilities	$	(10.8	)	—		(10.8	)	—	—	$	(10.8	)

The table below presents the gross amount of foreign exchange contract hedges and interest rate swap contracts recorded as assets and liabilities in Prepaid expenses and other current assets and Accrued expenses and other current liabilities in the Condensed Consolidated Balance Sheet, respectively, as of June 30, 2016:

								Gross Amounts Not Offset in the Condensed Consolidated Balance Sheets
	Gross Amounts Recognized			Gross Amounts Offset in the Condensed Consolidated Balance Sheets		Net Amount Presented in the Condensed Consolidated Balance Sheets		Financial Instruments	Cash Collateral Received	Net Amount
Foreign exchange forward contracts:
Prepaid expenses and other current assets	$	10.1		(0.9	)	9.2		—	—	$	9.2
Accrued expenses and other current liabilities	$	(8.9	)	1.6		(7.3	)	—	—	$	(7.3	)
Interest rate swap contracts:
Accrued expenses and other current liabilities	$	(13.6	)	—		(13.6	)	—	—	$	(13.6	)
Other noncurrent liabilities	$	(16.4	)	—		(16.4	)	—	—	$	(16.4	)

Amount of gains and losses recognized in OCI

The amount of gains and losses recognized in OCI in the Condensed Consolidated Balance Sheets related to the Company’s derivative and non-derivative financial instruments which are designated as hedging instruments for the three months ended September 30, 2016 and 2015 is presented below:

Gain (Loss) Recognized in OCI	Three Months Ended September 30,
	2016			2015
Foreign exchange forward contracts	$	0.5		$	6.7
Interest rate swap contracts	5.1			—
Net investment hedge	(7.8		)	—

Amount of gains and losses reclassified from AOCI

The amount of gains and losses reclassified from AOCI/(L) to the Condensed Consolidated Statements of Operations related to the Company’s derivative financial instruments which are designated as hedging instruments during the three months ended September 30, 2016 and 2015 is presented below:

Condensed Consolidated Statements of Operations Classification of Gain (Loss) Reclassified from AOCI/(L)	Three Months Ended September 30,
	2016			2015
Foreign exchange forward contracts:
Net revenue	$	0.7		$	1.4
Interest rate swap contracts:
Interest expense	$	(3.5	)	$	—

Amount of gains and losses related to derivative financial instruments not designated as hedging instruments

The amount of gains and losses related to the Company’s derivative financial instruments not designated as hedging instruments during the three months ended September 30, 2016 and 2015 is presented below:

Condensed Consolidated Statements of Operations Classification of Gain (Loss) Recognized in Operations	Three Months Ended September 30,
	2016			2015
Selling, general and administrative expenses	$	0.2		$	1.3
Interest expense, net	(2.1		)	(2.8		)