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FAIR VALUE MEASUREMENTS (Tables)
 12 Months Ended
Jun. 30, 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 June 30, 2016 and 2015 are presented below:
 
Level 1
 
Level 2
 
Level 3
 
June 30, 2016
 
June 30, 2015
 
June 30, 2016
 
June 30, 2015
 
June 30, 2016
 
June 30, 2015
Financial assets and liabilities
 
 
 
 
 
 
 
 
 
 
 
Recurring fair value measurements
 
 
 
 
 
 
 
 
 
 
 
Assets:
 
 
 
 
 
 
 
 
 
 
 
Foreign exchange forward contracts
$
—

 
$
—

 
$
9.2

 
$
12.4

 
$
—

 
$
—

Total Assets
—

 
—

 
9.2

 
12.4

 
—

 
—

Liabilities:
 
 
 
 
 
 
 
 
 
 
 
Foreign exchange forward contracts
$
—

 
$
—

 
$
7.3

 
$
6.3

 
$
—

 
$
—

Interest rate swap contracts
—

 
—

 
30.0

 
—

 
—

 
—

Contingent consideration - business combinations
—

 
—

 
—

 
—

 
0.7

 
0.9

Total Liabilities
$
—

 
$
—

 
$
37.3

 
$
6.3

 
$
0.7

 
$
0.9

Total recurring fair value measurements
$
—

 
$
—

 
$
(28.1
)
 
$
6.1

 
$
(0.7
)
 
$
(0.9
)
Fair value of financial instruments
The fair values of the Company’s financial instruments estimated as of June 30, 2016 and 2015 are presented below:
 
June 30, 2016
 
June 30, 2015
 
Carrying
Amount
 
Fair
Value
 
Carrying
Amount
 
Fair
Value
Coty Credit Agreements
$
4,149.6

 
$
4,106.9

 
$
—

 
$
—

Prior Coty Inc. Credit Facility
—

 
—

 
2,611.5

 
2,614.2

Dividends payable
1.8

 
1.5

 
1.4

 
1.1