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DERIVATIVE INSTRUMENTS (Tables)
 6 Months Ended
Dec. 31, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Amount of gains and losses recognized in OCI
The amount of gains and losses recognized in OCI in the Condensed Consolidated Balance Sheets related to the Company’s derivative and non-derivative financial instruments which are designated as hedging instruments for the three months ended December 31, 2016 and 2015 is presented below:
Gain (Loss) Recognized in OCI
Three Months Ended
December 31,
 
Six Months Ended
December 31,
 
2016
 
2015
 
2016
 
2015
Foreign exchange forward contracts
$
0.1

 
$
0.9

 
$
0.6

 
$
7.6

Interest rate swap contracts
40.2

 
2.5

 
45.3

 
2.5

Net investment hedge
45.9

 
9.1

 
38.1

 
9.1
Amount of gains and losses reclassified from AOCI
The amount of gains and losses reclassified from AOCI/(L) to the Condensed Consolidated Statements of Operations related to the Company’s derivative financial instruments which are designated as hedging instruments during the three and six months ended December 31, 2016 and 2015 is presented below:
Condensed Consolidated Statements of Operations Classification of Gain (Loss) Reclassified from AOCI/(L)
Three Months Ended
December 31,
 
Six Months Ended
December 31,
 
2016
 
2015
 
2016
 
2015
Foreign exchange forward contracts:
 
 
 
 
 
 
 
Net revenue
$
0.9

 
$
1.4

 
$
1.6

 
$
2.8

Cost of Sales
0.3

 
0.1

 
0.3

 
0.1

Interest rate swap contracts:
 
 
 
 
 
 
 
Interest expense
$
(3.1
)
 
$
(0.8
)
 
$
(6.6
)
 
$
(0.8
)
Amount of gains and losses related to derivative financial instruments not designated as hedging instruments
The amount of gains and losses related to the Company’s derivative financial instruments not designated as hedging instruments during the three and six months ended December 31, 2016 and 2015 is presented below:
Condensed Consolidated Statements of Operations
Classification of Gain (Loss) Recognized in Operations
Three Months Ended
December 31,
 
Six Months Ended
December 31,
 
2016
 
2015
 
2016
 
2015
Selling, general and administrative expenses
$
0.2

 
$
—

 
0.4

 
1.3

Interest expense, net
12.1

 
26.5

 
10.0

 
23.7

Other (expense) income, net (a)
(0.4
)
 
(24.2
)
 
(0.4
)
 
(24.2
)
 
 
(a) During the three and six months ended December 31, 2015, the Company recognized $18.1 and $6.1 of realized and unrealized losses, respectively, on foreign currency forward contracts related to an advance payment for the Brazil Acquisition.