FAIR VALUE MEASUREMENTS (Tables)

3 Months Ended

Sep. 30, 2014

Fair Value Disclosures [Abstract]

Financial assets and liabilities measured at fair value on recurring basis

The financial assets and liabilities that the Company measures at fair value on a recurring basis based on the fair value hierarchy, as of September 30, 2014 and June 30, 2014 are presented below:

	Level 1				Level 2						Level 3
	September 30, 2014		June 30, 2014		September 30, 2014			June 30, 2014			September 30, 2014			June 30, 2014
Financial assets and liabilities
Recurring fair value measurements
Assets:
Foreign exchange contracts	$	—	$	—	$	3.0		$	2.1		$	—		$	—
Liabilities:
Foreign exchange contracts	$	—	$	—	$	3.5		$	11.5		$	—		$	—
Contingent consideration - business combination	—		—		—			—			1.1			1.1
Total Liabilities	$	—	$	—	$	3.5		$	11.5		$	1.1		$	1.1
Total recurring fair value measurements	$	—	$	—	$	(0.5	)	$	(9.4	)	$	(1.1	)	$	(1.1	)

Reconciliation of Level 3 liabilities recorded at fair value

The reconciliation of Level 3 liabilities recorded at fair value for the three months ended September 30, 2014 is presented below.

	September 30, 2014
Contingent consideration - business combination:
Fair Value - July 1, 2014	$	1.1
Additions	—
Realized gains	—
Effect of exchange rates	—
Transfers out of Level 3	—
Fair value - September 30, 2014	$	1.1

Fair value of financial instruments

The fair values of the Company’s financial instruments estimated as of September 30, 2014 and June 30, 2014 are presented below:

	September 30, 2014				June 30, 2014
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
Coty Inc. Credit Facility	$	2,553.8	$	2,541.3	$	2,774.5	$	2,763.2
Dividends payable	1.7		1.3		0.9		0.7
Senior Notes - Series A	—		—		100.0		109.7
Senior Notes - Series B	—		—		225.0		256.3
Senior Notes - Series C	—		—		175.0		199.9