SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 3) - USD ($) $ in Millions	3 Months Ended	6 Months Ended
Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2015	Dec. 31, 2014	Jun. 30, 2015
Other Accrued Liabilities
Advertising, merchandising and sampling	$ 311.7		$ 311.7		$ 293.8
Employee compensation	354.0		354.0		463.3
Payroll and other taxes	196.0		196.0		142.0
Accrued income taxes	188.2		188.2		96.9
Other	527.7		527.7		474.4
Total	$ 1,577.6		$ 1,577.6		1,470.4
Income Taxes
Effective tax rate (as a percent)	27.20%	29.60%	28.00%	30.30%
Gross unrecognized tax benefits	$ 73.8		$ 73.8		77.8
Total amount of unrecognized tax benefits that, if recognized, would affect the effective tax rate	48.8		48.8
Total gross interest and penalty expense (benefit) related to unrecognized tax benefits	(0.3)		0.7
Gross accrued interest and penalties related to unrecognized tax benefits	16.3		16.3		16.5
Current net deferred tax assets	275.1		275.1		279.0
Debt
Commercial paper, outstanding amount	340.2		340.2
Other assets
Income Taxes
Noncurrent deferred tax assets, net of valuation allowances recorded to reflect the tax benefits of the carryforwards not utilized to date	$ 64.3		$ 64.3		$ 72.1

Carrying amount as of the balance sheet date of the unpaid sum of the known and estimated amounts payable to satisfy all currently due domestic and foreign income tax obligations.

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- Definition

Carrying value as of the balance sheet date of obligations incurred and payable, pertaining to costs that are statutory in nature, are incurred on contractual obligations, or accumulate over time and for which invoices have not yet been received or will not be rendered. Examples include taxes, interest, rent and utilities. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).