DERIVATIVE INSTRUMENTS (Tables)

9 Months Ended

Mar. 31, 2014

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Fair value of derivative instruments

The following table presents the fair value of derivative instruments outstanding at March 31, 2014 and June 30, 2013:

	Asset					Liability
	Balance Sheet Classification	Fair Value				Balance Sheet Classification	Fair Value
		March 31, 2014		June 30, 2013			March 31, 2014		June 30, 2013
Derivatives designated as hedges:
Foreign exchange forward contracts	Prepaid expenses and other current assets	$	0.7	$	—	Accrued expenses and other current liabilities	$	2.9	$	—
Total derivatives designated as hedges		$	0.7	$	—		$	2.9	$	—
Derivatives not designated as hedges:
Foreign exchange forward contracts	Prepaid expenses and other current assets	$	2.7	$	0.6	Accrued expenses and other current liabilities	$	1.1	$	0.8
Total derivatives not designated as hedges		$	2.7	$	0.6		$	1.1	$	0.8
Total derivatives		$	3.4	$	0.6		$	4.0	$	0.8

Gross amount of foreign exchange hedges recorded in Condensed Consolidated Balance Sheet

The table below presents the gross amount of foreign exchange contract hedges recorded as assets and liabilities in Prepaid expenses and other current assets and Accrued expenses and other current liabilities in the Condensed Consolidated Balance Sheet, respectively, as of March 31, 2014:

										Gross Amounts Not Offset in the Condensed Consolidated Balance Sheets
	Gross Amounts Recognized			Gross Amounts Offset in the Condensed Consolidated Statement of Operations			Net Amount Presented in the Condensed Consolidated Balance Sheets			Financial Instruments		Cash Collateral Received		Net Amount
Assets	$	4.2		$	(0.8	)	$	3.4		$	—	$	—	$	3.4
Liabilities	$	(5.0	)	$	1.0		$	(4.0	)	$	—	$	—	$	(4.0	)

The table below presents the gross amount of foreign exchange contract hedges recorded as assets and liabilities in Prepaid expenses and other current assets and Accrued expenses and other current liabilities in the Consolidated Balance Sheet, respectively, as of June 30, 2013:

										Gross Amounts Not Offset in the Consolidated Balance Sheets
	Gross Amounts Recognized			Gross Amounts Offset in the Consolidated Statement of Operations			Net Amount Presented in the Consolidated Balance Sheets			Financial Instruments		Cash Collateral Received		Net Amount
Assets	$	0.9		$	(0.3	)	$	0.6		$	—	$	—	$	0.6
Liabilities	$	(1.2	)	$	0.4		$	(0.8	)	$	—	$	—	$	(0.8	)

Gross amount of foreign exchange hedges recorded as liabilities in Condensed Consolidated Balance Sheet

The table below presents the gross amount of foreign exchange contract hedges recorded as assets and liabilities in Prepaid expenses and other current assets and Accrued expenses and other current liabilities in the Condensed Consolidated Balance Sheet, respectively, as of March 31, 2014:

										Gross Amounts Not Offset in the Condensed Consolidated Balance Sheets
	Gross Amounts Recognized			Gross Amounts Offset in the Condensed Consolidated Statement of Operations			Net Amount Presented in the Condensed Consolidated Balance Sheets			Financial Instruments		Cash Collateral Received		Net Amount
Assets	$	4.2		$	(0.8	)	$	3.4		$	—	$	—	$	3.4
Liabilities	$	(5.0	)	$	1.0		$	(4.0	)	$	—	$	—	$	(4.0	)

The table below presents the gross amount of foreign exchange contract hedges recorded as assets and liabilities in Prepaid expenses and other current assets and Accrued expenses and other current liabilities in the Consolidated Balance Sheet, respectively, as of June 30, 2013:

										Gross Amounts Not Offset in the Consolidated Balance Sheets
	Gross Amounts Recognized			Gross Amounts Offset in the Consolidated Statement of Operations			Net Amount Presented in the Consolidated Balance Sheets			Financial Instruments		Cash Collateral Received		Net Amount
Assets	$	0.9		$	(0.3	)	$	0.6		$	—	$	—	$	0.6
Liabilities	$	(1.2	)	$	0.4		$	(0.8	)	$	—	$	—	$	(0.8	)

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

The amount of gains and losses related to the Company’s derivative financial instruments not designated as hedging instruments during the three and nine months ended March 31, 2014 and 2013 is presented below:

	Gain (Loss) Recognized in Operations Three Months Ended March 31,					Condensed Consolidated Statements of Operations Classification of Gain (Loss) Recognized in Operations	Gain (Loss) Recognized in Operations Nine Months Ended March 31,					Condensed Consolidated Statements of Operations Classification of Gain (Loss) Recognized in Operations
	2014		2013				2014		2013
Foreign exchange forward contracts	$	2.7	$	(2.1	)	Interest expense, net	$	4.1	$	(1.5	)	Interest expense, net
Foreign exchange forward contracts	$	2.9	$	1.4		Cost of Sales	$	0.7	$	0.4		Cost of Sales