TRADE RECEIVABLES - FACTORING

12 Months Ended

Jun. 30, 2015

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 $379.8 and $401.7 in fiscal 2015 and 2014, respectively. Remaining balances due from factors amounted to $16.6 and $5.6 as of June 30, 2015 and 2014, respectively, and are included in Trade receivables, net in the Consolidated Balance Sheets. Factoring fees paid under these arrangements were $0.6, $0.8 and $0.9 in fiscal 2015, 2014 and 2013, respectively, which were recorded in Selling, general and administrative expenses in the Consolidated Statements of Operations.