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SHARE-BASED COMPENSATION PLANS (Tables)
12 Months Ended
Jun. 30, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Fair value of outstanding stock option liability using Black-Scholes valuation model
The fair value of the Company’s outstanding stock option liability on June 12, 2013 and June 30, 2012 were estimated using the Black-Scholes valuation model with the following assumptions:
 
2013
 
2012
Expected life of option
4.03 years

 
4.32 years

Risk-free interest rate
0.84
%
 
0.72
%
Expected volatility
32.53
%
 
32.80
%
Expected dividend yield
0.86
%
 
0.00
%
Outstanding nonqualified stock option activity
The Company’s outstanding nonqualified stock options as of June 30, 2014 and activity during the fiscal year then ended are presented below:
 
Shares
(in millions)
 
Weighted
Average
Exercise
Price
 
Aggregate
Intrinsic
Value
 
Weighted
Average
Remaining
Contractual
Term
Outstanding at July 1, 2013
28.2

 
$
9.05

 
 
 
 
Exercised
(3.1
)
 
6.81

 
 
 
 
Forfeited or expired
(1.9
)
 
9.54

 
 
 
 
Outstanding at June 30, 2014
23.2

 
$
9.32

 
 
 
 
Vested and expected to vest at June 30, 2014
20.8

 
$
9.25

 
$
163.8

 
5.59
Exercisable at June 30, 2014
7.0

 
$
8.47

 
$
60.6

 
3.69
A summary of the total intrinsic value of stock options exercised and payments to settle nonqualified stock options
A summary of the aggregated weighted-average grant date fair value of stock options granted, total intrinsic value of stock options exercised and payment to settle nonqualified stock options for fiscal 2014, 2013 and 2012 is presented below:
 
2014
 
2013
 
2012
Weighted-average grant date fair value of stock options
$

 
$

 
$
4.1

Intrinsic value of options exercised
28.3

 
160.6

 
5.2

Payment to settle nonqualified stock options

 
154.4

 
3.6

Schedule of non-vested nonqualified stock options activity
The Company’s non-vested nonqualified stock options as of June 30, 2014 and activity during the fiscal year then ended are presented below:
 
Shares
(in millions)
 
Weighted
Average
Grant Date
Fair Value
Non-vested at July 1, 2013
22.7

 
$
3.57

Vested
(4.6
)
 
2.69

Forfeited
(1.9
)
 
3.74

Non-vested at June 30, 2014
16.2

 
$
3.81

Outstanding RSU activity
The Company’s outstanding RSUs as of June 30, 2014 and activity during the fiscal year then ended are presented below:
 
Shares
(in millions)
 
Aggregate
Intrinsic
Value
 
Weighted
Average
Remaining
Contractual
Term
Outstanding at July 1, 2013
2.7

 
 
 
 
Granted
2.2

 
 
 
 
Settled
(0.2
)
 
 
 
 
Cancelled
(0.3
)
 
 
 
 
Outstanding at June 30, 2014
4.4

 
 
 
 
Vested and expected to vest at June 30, 2014
3.6

 
$
60.9

 
3.51
Outstanding and non-vested RSU activity
The Company’s outstanding and non-vested RSUs as of June 30, 2014 and activity during the fiscal year then ended are presented below:
 
Shares
(in millions)
 
Weighted
Average
Grant Date
Fair Value
Outstanding and nonvested at July 1, 2013
2.3

 
$
15.49

Granted
2.2

 
16.05

Vested
(0.2
)
 
14.54

Cancelled
(0.3
)
 
15.76

Outstanding and nonvested at June 30, 2014
4.0

 
$
15.77