EQUITY AND CONVERTIBLE PREFERRED STOCK (Tables)

12 Months Ended

Jun. 30, 2021

Equity [Abstract]

Schedule of Series A preferred stock

The following table summarizes the key terms of each outstanding issuance of Series A Preferred Stock:

Issuance Date	Type	Number of Shares Awarded at Grant Date (millions of shares)	Number of Shares Outstanding (millions of shares)	Hurdle Price per Share
February 16, 2017 (a)	Series A	0.5	0.3	$22.66
March 27, 2017 (a) (b)	Series A	1.0	1.0	$22.39
November 16, 2017 (a)	Series A	1.0	0.2	$19.85

(a)If the holder does not exchange the vested Series A Preferred Stock by a specified expiration date, the Company must automatically exchange the Series A Preferred Stock into cash or shares, at election of the Company.

(b)This grant was sold to Lambertus J.H. Becht (“Mr. Becht”), the Company’s former Chairman of the Board. Under the terms provided in the subscription agreement, the Series A Preferred Stock immediately vested on the grant date and the holder may exchange the vested shares after the fifth anniversary of the date of issuance. The Company requires shareholder approval in order to settle the exchange in shares of Class A Common Stock. Therefore, the award is classified as a liability as of June 30, 2021. An expense (income) of $0.8, $(1.9) and $(0.1) was recorded during fiscal 2021, 2020 and 2019, respectively, and has been included in Selling, general and administrative expenses on the Consolidated Statements of Operations.

Schedule of dividends declared

The following dividends were declared during fiscal years 2020 and 2019:

Declaration Date	Dividend Type	Dividend Per Share		Holders of Record Date	Dividend Value		Dividend Payment Date	Dividends Settled in Cash		Dividends Settled in Stock (a)		Dividends Payable (b)
Fiscal 2020
August 28,  2019	Quarterly	$	0.125	September 9, 2019	$	95.3	September 30, 2019	$	63.3	$	30.9	$	1.1
November 6, 2019	Quarterly	0.125		November 18, 2019	96.1		December 27, 2019	65.5		29.3		1.3
February 5, 2020	Quarterly	0.125		February 18, 2020	96.3		March 27, 2020	66.4		28.7		1.2
Fiscal 2020		$	0.375		$	287.7		$	195.2	$	88.9	$	3.6
Fiscal 2019
August 21, 2018	Quarterly	$	0.125	August 31, 2018	$	94.6	September 14, 2018	$	93.8	N/A		$	0.8
November 7, 2018	Quarterly	0.125		November 30, 2018	95.1		December 14, 2018	93.9		N/A		1.2
February 8, 2019	Quarterly	0.125		February 28, 2019	95.1		March 15, 2019	93.9		N/A		1.2
May 8. 2019	Quarterly	0.125		June 6, 2019	95.1		June 28, 2019	63.4		30.6		1.1
Fiscal 2019		$	0.500		$	379.9		$	345.0	$	30.6	$	4.3

(a)The June 28, 2019, September 30, 2019, December 27, 2019 and March 27, 2020 stock dividend payments of $30.6, $30.9, $29.3 and $28.7 resulted in the issuances of 2.4 million, 3.2 million, 2.4 million and 2.4 million shares of Class A Common Stock, respectively.

(b)The dividend payable is the value of the remaining dividends payable upon settlement of the RSUs and phantom units outstanding as of the Holders of Record Date. Dividends payable are recorded as Accrued expense and other current liabilities and Other noncurrent liabilities in the Consolidated Balance Sheet.

Schedule of accumulated other comprehensive (loss)

Accumulated Other Comprehensive (Loss) Income

			Foreign Currency Translation Adjustments
	(Losses) Gains on Cash Flow Hedges		(Losses) Gains on Net Investment Hedge		Foreign Currency Translation Adjustments		Pension and Other Post-Employment Benefit Plans		Total
Beginning balance at July 1, 2019	$	(13.3)	$	214.8	$	(257.4)	$	(2.9)	$	(58.8)
Other comprehensive income before reclassifications	(37.5)		47.1		(426.4)		18.9		(397.9)
Net amounts reclassified from AOCI/(L) (a)	7.8		—		—		(7.3)		0.5
Net current-period other comprehensive income	(29.7)		47.1		(426.4)		11.6		(397.4)
Ending balance at June 30, 2020	$	(43.0)	$	261.9	$	(683.8)	$	8.7	$	(456.2)
Other comprehensive income before reclassifications	0.6		(294.1)		424.5		(24.2)		106.8
Net amounts reclassified from AOCI/(L) (a)	26.9		—		—		0.6		27.5
Net current-period other comprehensive income	27.5		(294.1)		424.5		(23.6)		134.3
Ending balance at June 30, 2021	$	(15.5)	$	(32.2)	$	(259.3)	$	(14.9)	$	(321.9)

(a) Amortization of actuarial gains of $0.9 and $10.5, net of taxes of $0.3 and $3.2, were reclassified out of AOCI/(L) and included in the computation of net period pension costs for the fiscal years ended June 30, 2021 and 2020, respectively (see Note 19—Employee Benefit Plans).