Fair Value (Tables)

9 Months Ended

Mar. 31, 2017

Financial assets measured at fair value on a recurring basis by level within the fair value hierarchy, consisted of the following (in millions):

	March 31,						June 30,
	2017						2016
	Level 1		Level 2		Level 3		Level 1		Level 2		Level 3
Assets:
Money market funds	$	311.0	$	-	$	-	$	319.1	$	-	$	-
Auction rate securities		-		-		1.5		-		-		8.6
Total available-for-sale securities	$	311.0	$	-	$	1.5	$	319.1	$	-	$	8.6

The changes in fair value of our Level 3 financial assets as of March 31, 2017 were as follows:

Balance as of June 30, 2016	$	8.6
Net unrealized loss		(1.5	)
Impairment recovery on redeemed investments		1.9
Redemptions		(7.5	)
Balance as of March 31, 2017	$	1.5