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TRADE RECEIVABLES - FACTORING
12 Months Ended
Jun. 30, 2014
Receivables [Abstract]  
TRADE RECEIVABLES—FACTORING
TRADE RECEIVABLES—FACTORING
The Company factors a portion of its trade receivables with unrelated third-party factoring companies on a non-recourse basis. Trade receivables factored throughout the year with the factoring companies amounted to $401.7 and $389.3 in fiscal 2014 and 2013, respectively. Remaining balances due from factors amounted to $5.6 and $17.6 as of June 30, 2014 and 2013, respectively, and are included in Trade receivables, net in the Consolidated Balance Sheets. Factoring fees paid under these arrangements were $0.8, $0.9 and $1.4 in fiscal 2014, 2013 and 2012, respectively, which were recorded in Selling, general and administrative expenses in the Consolidated Statements of Operations.