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FAIR VALUE MEASUREMENTS (Tables)
 6 Months Ended
Dec. 31, 2015
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 December 31, 2015 and June 30, 2015 are presented below:
 
Level 1
 
Level 2
 
Level 3
 
December 31, 2015
 
June 30, 2015
 
December 31, 2015
 
June 30, 2015
 
December 31, 2015
 
June 30, 2015
Financial assets and liabilities
 
 
 
 
 
 
 
 
 
 
 
Recurring fair value measurements
 
 
 
 
 
 
 
 
 
 
 
Assets:
 
 
 
 
 
 
 
 
 
 
 
Foreign exchange forward contracts
$
—

 
$
—

 
$
6.5

 
$
12.4

 
$
—

 
$
—

Interest rate swap contracts
—

 
—

 
7.2

 
—

 
—

 
—

Total Assets
$
—

 
$
—

 
$
13.7

 
$
12.4

 
$
—

 
$
—

Liabilities:
 
 
 
 
 
 
 
 
 
 
 
Foreign exchange forward contracts
$
—

 
$
—

 
$
12.1

 
$
6.3

 
$
—

 
$
—

Interest rate swap contracts
—

 
—

 
4.4

 
—

 
—

 
—

Contingent consideration - business combination
—

 
—

 
—

 
—

 
0.8

 
0.9

Total Liabilities
$
—

 
$
—

 
$
16.5

 
$
6.3

 
$
0.8

 
$
0.9

Total recurring fair value measurements
$
—

 
$
—

 
$
(2.8
)
 
$
6.1

 
$
(0.8
)
 
$
(0.9
)
Fair value of financial instruments
The fair values of the Company’s financial instruments estimated as of December 31, 2015 and June 30, 2015 are presented below:
 
December 31, 2015
 
June 30, 2015
 
Carrying
Amount
 
Fair
Value
 
Carrying
Amount
 
Fair
Value
Coty Credit Agreement
$
3,651.6

 
$
3,599.4

 
$
—

 
$
—

Prior Coty Inc. Credit Facilities
—

 
—

 
2,611.5

 
2,614.2

Dividends payable
2.0

 
1.5

 
1.4

 
1.1