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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2013
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income (loss) $ 259.4 $ (64.2) $ 201.9
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Depreciation and amortization [1] 230.9 250.7 259.6
Asset impairment charges 0.0 316.9 1.5
Deferred income taxes (87.2) (38.4) 29.9
Provision for bad debts 4.5 3.2 3.2
Provision for pension and other post-employment benefits 16.2 17.9 16.1
Share-based compensation 30.6 46.8 144.4
Gain on sale of asset (7.2) 0.0 (19.3)
Loss on early extinguishment of debt 88.8 0.0 0.0
Other 20.5 15.0 (5.3)
Change in operating assets and liabilities, net of effects from purchase of acquired companies:      
Trade receivables (43.5) (31.1) (36.7)
Inventories 29.4 2.2 48.8
Prepaid expenses and other current assets 6.0 (2.3) 27.9
Accounts payable 7.0 72.4 2.4
Accrued expenses and other current liabilities 16.1 20.3 (215.5)
Tax accruals 127.7 (31.9) (6.7)
Other noncurrent assets (136.7) (34.4) 11.5
Other noncurrent liabilities (36.2) (6.6) 0.2
Net cash provided by operating activities 526.3 536.5 463.9
CASH FLOWS FROM INVESTING ACTIVITIES:      
Capital expenditures (170.9) (201.5) (193.9)
Payments for business combinations, net of cash acquired (0.6) (29.5) (31.0)
Additions of goodwill (30.0) (30.0) (30.0)
Proceeds from sale of assets 14.8 3.4 25.0
Cash acquired from business combination 12.3 0.0 0.0
Other 3.2 0.0 0.0
Net cash used in investing activities (171.2) (257.6) (229.9)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Proceeds from short-term debt, original maturity more than three months 652.2 39.4 43.1
Repayments of short-term debt, original maturity more than three months (655.0) (48.1) (55.5)
Net proceeds from (repayments of) short-term debt, original maturity less than three months 11.6 (8.4) (10.7)
Proceeds from revolving loan facilities 853.0 750.0 1,148.5
Repayments of revolving loan facilities (1,616.0) (695.5) (957.0)
Proceeds from term loans 800.0 625.0 1,250.0
Repayments of term loans (200.0) 0.0 (1,250.0)
Proceeds from issuance of long term debt 0.9 0.0 0.0
Repayment of Senior Notes (584.6) 0.0 0.0
Dividend payment (71.0) (76.9) (57.4)
Net proceeds from issuance of Common Stock 48.5 21.9 6.2
Payments for purchases of Common Stock held as Treasury Stock (263.1) (100.3) (7.5)
Payments for purchases of related party Common Stock held as Treasury Stock 0.0 (469.0) 0.0
Net (payments for) proceeds from foreign currency contracts (37.9) (2.1) 1.5
Payment for business combinations – contingent consideration (0.8) (1.1) 0.0
Proceeds from mandatorily redeemable noncontrolling interests 0.0 3.8 0.0
Proceeds from noncontrolling interests 1.8 0.0 1.7
Distributions to noncontrolling interests (12.2) (23.0) (13.5)
Purchase of additional noncontrolling interests 0.0 (4.4) 0.0
Distributions to redeemable noncontrolling interests (9.1) (14.3) (20.5)
Purchase of additional redeemable noncontrolling interests (15.8) 0.0 0.0
Payment of deferred financing fees (11.2) (2.7) (9.9)
Net cash (used in) provided by financing activities (1,138.2) (5.7) 69.0
EFFECT OF EXCHANGE RATES ON CASH AND CASH EQUIVALENTS (113.6) 44.4 8.0
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS (896.7) 317.6 311.0
CASH AND CASH EQUIVALENTS—Beginning of period 1,238.0 920.4 609.4
CASH AND CASH EQUIVALENTS—End of period 341.3 1,238.0 920.4
SUPPLEMENTAL DISCLOSURE OF CASH FLOWS INFORMATION:      
Cash paid during the year for interest 64.7 63.7 71.0
Cash paid during the year for income taxes, net of refunds received 104.8 84.1 84.0
SUPPLEMENTAL DISCLOSURE OF NONCASH FINANCING AND INVESTING ACTIVITIES:      
Accrued capital expenditure additions 41.2 59.2 56.7
Issuance of Treasury stock for Bourjois Acquisition      
SUPPLEMENTAL DISCLOSURE OF NONCASH FINANCING AND INVESTING ACTIVITIES:      
Issuance of Treasury stock for Bourjois acquisition 376.8 0.0 0.0
CEO      
CASH FLOWS FROM FINANCING ACTIVITIES:      
Net proceeds from issuance of Common Stock 12.5 0.0 0.0
Payments for purchases of Common Stock held as Treasury Stock $ (42.0) $ 0.0 $ 0.0
[1] Subsequent to the issuance of the Company’s fiscal 2014 financial statements, the Company determined that amounts presented under depreciation and amortization by operating segment for 2014 and 2013 did not include allocations for corporate depreciation and amortization. The depreciation and amortization for the operating segments was restated by allocating total Corporate depreciation and amortization of $34.5 and $31.9 in fiscal 2014 and 2013, respectively, from Corporate to the three operating segments, consistent with the allocation method used in fiscal 2015. There was no effect on total depreciation and amortization or segment operating income as previously presented.