FAIR VALUE MEASUREMENT (Tables)

3 Months Ended

Sep. 30, 2016

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 September 30, 2016 and June 30, 2016 are presented below:



	Level 1				Level 2						Level 3
	September 30, 2016		June 30, 2016		September 30, 2016			June 30, 2016			September 30, 2016			June 30, 2016
Financial assets and liabilities
Recurring fair value measurements
Assets:
Foreign exchange forward contracts	$	—	$	—	$	1.8		$	9.2		$	—		$	—
Interest rate swap contracts	—		—		0.1			—			—			—
Total Assets	$	—	$	—	$	1.9		$	9.2		$	—		$	—
Liabilities:
Foreign exchange forward contracts	$	—	$	—	$	4.3		$	7.3		$	—		$	—
Interest rate swap contracts	—		—		21.3			30.0			—			—
Contingent consideration - business combination	—		—		—			—			0.7			0.7
Total Liabilities	$	—	$	—	$	25.6		$	37.3		$	0.7		$	0.7
Total net recurring fair value measurements	$	—	$	—	$	(23.7	)	$	(28.1	)	$	(0.7	)	$	(0.7	)

Fair value of financial instruments

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



	September 30, 2016				June 30, 2016
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
Coty Credit Agreement	$	4,415.0	$	4,409.2	$	4,149.6	$	4,106.9
Dividends payable	2.7		2.2		1.8		1.5