FAIR VALUE MEASUREMENT (Tables)

9 Months Ended

Mar. 31, 2016

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 March 31, 2016 and June 30, 2015 are presented below:

	Level 1				Level 2					Level 3
	March 31, 2016		June 30, 2015		March 31, 2016			June 30, 2015		March 31, 2016			June 30, 2015
Financial assets and liabilities
Recurring fair value measurements
Assets:
Foreign exchange forward contracts	$	—	$	—	$	2.3		$	12.4	$	—		$	—
Interest rate swap contracts	—		—		2.9			—		—			—
Total Assets	$	—	$	—	$	5.2		$	12.4	$	—		$	—
Liabilities:
Foreign exchange forward contracts	$	—	$	—	$	22.6		$	6.3	$	—		$	—
Interest rate swap contracts	—		—		19.6			—		—			—
Contingent consideration - business combination	—		—		—			—		0.8			0.9
Total Liabilities	$	—	$	—	$	42.2		$	6.3	$	0.8		$	0.9
Total recurring fair value measurements	$	—	$	—	$	(37.0	)	$	6.1	$	(0.8	)	$	(0.9	)

Fair value of financial instruments

The fair values of the Company’s financial instruments estimated as of March 31, 2016 and June 30, 2015 are presented below:

	March 31, 2016				June 30, 2015
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
Coty Credit Agreement	$	4,112.7	$	4,030.5	$	—	$	—
Prior Coty Inc. Credit Facilities	—		—		2,611.5		2,614.2
Dividends payable	1.9		1.6		1.4		1.1