FAIR VALUE MEASUREMENTS (Tables)

3 Months Ended

Sep. 30, 2012

FAIR VALUE MEASUREMENTS

Financial assets and liabilities measured at fair value on a recurring basis

The following table presents the Company’s hierarchy for its financial assets and liabilities measured at fair value on a recurring basis as of September 30, 2012:

(In millions)	Level 1		Level 2		Level 3		Total
Assets:
Foreign currency forward contracts	$	—	$	12.4	$	—	$	12.4
Available-for-sale securities	6.3		—		—		6.3
Total	$	6.3	$	12.4	$	—	$	18.7
Liabilities:
Foreign currency forward contracts	$	—	$	16.0	$	—	$	16.0

The following table presents the Company’s hierarchy for its financial assets and liabilities measured at fair value on a recurring basis as of June 30, 2012:

(In millions)	Level 1		Level 2		Level 3		Total
Assets:
Foreign currency forward contracts	$	—	$	17.7	$	—	$	17.7
Available-for-sale securities	5.9		—		—		5.9
Total	$	5.9	$	17.7	$	—	$	23.6
Liabilities:
Foreign currency forward contracts	$	—	$	6.2	$	—	$	6.2

Estimated fair values of financial instruments

	September 30						June 30
	2012						2012
(In millions)	Carrying Amount			Fair Value			Carrying Amount		Fair Value
Nonderivatives
Cash and cash equivalents	$	1,053.7		$	1,053.7		$	1,347.7	$	1,347.7
Available-for-sale securities	6.3			6.3			5.9		5.9
Current and long-term debt	1,354.7			1,544.3			1,288.1		1,478.9
Derivatives
Foreign currency forward contracts — asset (liability)	(3.6		)	(3.6		)	11.5		11.5