DERIVATIVE FINANCIAL INSTRUMENTS (Tables)

12 Months Ended

Jun. 30, 2015

Schedule of fair values of the derivative financial instruments included in the consolidated balance sheets

	Asset Derivatives					Liability Derivatives
	Balance Sheet					Balance Sheet
(In millions)	Location	Fair Value (1)				Location	Fair Value (1)
		June 30					June 30
		2015		2014			2015		2014
Derivatives Designated as Hedging Instruments:
Foreign currency forward contracts	Prepaid expenses and other current assets	$	41.1	$	3.4	Other accrued liabilities	$	4.2	$	18.2

Interest rate swap contracts	Not applicable	—		—		Other accrued liabilities	0.2		—


Total Derivatives Designated as Hedging Instruments		41.1		3.4			4.4		18.2


Derivatives Not Designated as Hedging Instruments:
Foreign currency forward contracts	Prepaid expenses and other current assets	2.0		0.8		Other accrued liabilities	4.1		0.9


Total Derivatives		$	43.1	$	4.2		$	8.5	$	19.1

(1) See Note 12 — Fair Value Measurements for further information about how the fair value of derivative assets and liabilities are determined.

Schedule of gains and losses related to derivative financial instruments designated as hedging instruments

(In millions)	Amount of Gain or (Loss) Recognized in OCI on Derivatives (Effective Portion)					Location of Gain or (Loss) Reclassified from AOCI into Earnings (Effective Portion)	Amount of Gain or (Loss) Reclassified from AOCI into Earnings (Effective Portion) (1)
	June 30						June 30
	2015		2014				2015		2014
Derivatives in Cash Flow Hedging Relationships:

Foreign currency forward contracts	$	90.3	$	(22.2	)	Cost of sales	$	9.1	$	4.5
						Selling, general and administrative	28.7		2.7
Settled interest rate-related derivatives	17.5		—			Interest expense	0.4		0.3

Total derivatives	$	107.8	$	(22.2	)		$	38.2	$	7.5

(1) The amount of gain (loss) recognized in earnings related to the amount excluded from effectiveness testing was $(1.5) million and $0.4 million for fiscal 2015 and 2014, respectively. The gain (loss) recognized in earnings related to the ineffective portion of the hedging relationships was $1.8 million and $(0.5) million for fiscal 2015 and 2014, respectively.

(In millions)	Location of Gain or (Loss) Recognized in Earnings on Derivatives	Amount of Gain or (Loss) Recognized in Earnings on Derivatives (1)
		June 30
		2015			2014
Derivatives in Fair Value Hedging Relationships:

Interest rate swap contracts	Interest expense	$	(0.2	)	$	—

(1) Changes in the fair value of the interest rate swap agreements are exactly offset by the change in the fair value of the underlying long-term debt.

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

(In millions)	Location of Gain or (Loss) Recognized in Earnings on Derivatives	Amount of Gain or (Loss) Recognized in Earnings on Derivatives
		June 30
		2015			2014
Derivatives Not Designated as Hedging Instruments:

Foreign currency forward contracts	Selling, general and administrative	$	(2.0	)	$	1.9