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INTEREST EXPENSE, NET (Tables)
 9 Months Ended
Mar. 31, 2017
Interest Income (Expense), Net [Abstract]  
Interest expense, net
Interest expense, net for the three and nine months ended March 31, 2017 and 2016 is presented below:
 
Three Months Ended
March 31,
 
Nine Months Ended
March 31,
 
2017
 
2016
 
2017
 
2016
Interest expense
$
59.0

 
$
33.1

 
$
157.9

 
$
73.4

Foreign exchange (gains) losses, net of derivative contracts(a)
2.6

 
(6.2
)
 
3.8

 
(14.9
)
Interest income
(0.8
)
 
(1.8
)
 
(2.6
)
 
(2.8
)
Total interest expense, net
$
60.8

 
$
25.1

 
$
159.1

 
$
55.7


 
 
(a) During the nine months ended March 31, 2016 the Company recorded a gain of $11.1 related to short-term forward contracts to exchange Euros for U.S. Dollars related to the Euro tranche of the Coty Term Loan B Facility debt issued during the quarter. These short-term forward contracts were entered into to facilitate the repayment of the Company’s then existing U.S. Dollar denominated term loans as part of the Company’s fiscal 2016 debt refinancing. Fluctuations in exchange rates between the dates the short-term forward contracts were entered into and the settlement date resulted in a gain upon settlement of $11.1 included within Foreign exchange (gains) losses, net of derivative contracts for the nine months ended March 31, 2016.