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EMPLOYEE BENEFIT PLANS (Tables)
 9 Months Ended
Mar. 31, 2017
Compensation and Retirement Disclosure [Abstract]  
Components of net periodic benefit cost for pension plans and other post-employment plans
The components of net periodic benefit cost for pension plans and other post-employment benefit plans recognized in the Condensed Consolidated Statements of Operations are presented below for the three and nine months ended March 31, 2017 and 2016:
 
Three Months Ended March 31,
 
Pension Plans
 
Other Post-
Employment Benefits
 
 
 
U.S.
 
International
 
U.S.
 
International
 
Total
 
2017
 
2016
 
2017
 
2016
 
2017
 
2016
 
2017
 
2016
 
2017
 
2016
Service cost
$
—

 
$
—

 
$
15.4

 
$
1.7

 
$
0.3

 
$
0.3

 
$
0.3

 
$
—

 
$
16.0

 
$
2.0

Interest cost
0.2

 
0.8

 
2.0

 
0.9

 
0.4

 
0.5

 
0.1

 
—

 
2.7

 
2.2

Expected return on plan assets
—

 
(0.6
)
 
(2.6
)
 
(0.3
)
 
—

 
—

 
—

 
—

 
(2.6
)
 
(0.9
)
Amortization of prior service cost (credit)
—

 
—

 
0.1

 
0.1

 
(1.5
)
 
(1.4
)
 
—

 
—

 
(1.4
)
 
(1.3
)
Amortization of net loss
0.4

 
0.3

 
1.1

 
0.8

 
—

 
—

 
—

 
—

 
1.5

 
1.1

Settlement loss recognized
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

Net periodic benefit cost (credit)
$
0.6

 
$
0.5

 
$
16.0

 
$
3.2

 
$
(0.8
)
 
$
(0.6
)
 
$
0.4

 
$
—

 
$
16.2

 
$
3.1

 
Nine Months Ended March 31,
 
Pension Plans
 
Other Post-
Employment Benefits
 
 
 
U.S.
 
International
 
U.S.
 
International
 
Total
 
2017
 
2016
 
2017
 
2016
 
2017
 
2016
 
2017
 
2016
 
2017
 
2016
Service cost
$
—

 
$
—

 
$
24.5

 
$
5.1

 
$
0.9

 
$
0.9

 
$
0.6

 
$
—

 
$
26.0

 
$
6.0

Interest cost
1.5

 
2.4

 
4.7

 
2.7

 
1.2

 
1.5

 
0.2

 
—

 
7.6

 
6.6

Expected return on plan assets
(0.9
)
 
(1.8
)
 
(4.4
)
 
(0.9
)
 
—

 
—

 
—

 
—

 
(5.3
)
 
(2.7
)
Amortization of prior service cost (credit)
—

 
—

 
0.3

 
0.3

 
(4.5
)
 
(4.2
)
 
—

 
—

 
(4.2
)
 
(3.9
)
Amortization of net loss
1.4

 
0.9

 
3.3

 
2.4

 
—

 
—

 
—

 
—

 
4.7

 
3.3

Settlement loss recognized
15.9

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
15.9

 
—

Net periodic benefit cost (credit)
$
17.9

 
$
1.5

 
$
28.4

 
$
9.6

 
$
(2.4
)
 
$
(1.8
)
 
$
0.8

 
$
—

 
$
44.7

 
$
9.3
Schedule of funded status
The following is a summary of the preliminary fair value of the acquired pension and other post-employment plan obligations and assets as of the October 1, 2016 acquisition date:
 
Pension Plans
 
Other Post-Employment Benefits
 
Total
Benefit obligation
$
545.9

 
$
15.4

 
$
561.3

Fair value of plan assets
156.2

 
0.4

 
156.6

Funded status
$
(389.7
)
 
$
(15.0
)
 
$
(404.7
)
Schedule of amounts recognized in balance sheet
With respect to the acquired pension and other post-employment benefit plans, amounts recognized in the Company’s Condensed Consolidated Balance Sheet as of October 1, 2016 are presented below:

 
Pension Plans
 
Other Post-Employment Benefits
 
Total
Noncurrent assets
$
—

 
$
—

 
$
—

Current liabilities
(0.9
)
 
—

 
(0.9
)
Noncurrent liabilities
(388.8
)
 
(15.0
)
 
(403.8
)
Funded Status
(389.7
)
 
(15.0
)
 
(404.7
)
Net amount recognized
$
(389.7
)
 
$
(15.0
)
 
$
(404.7
)
Schedule of benefit obligations in excess of fair value of plan assets
Pension plans acquired with accumulated benefit obligations in excess of plan assets and projected benefit obligations in excess of plan assets as of October 1, 2016 are presented below:    

 
Pension plans with accumulated benefit obligations in excess of plan assets
 
Pension plans with projected benefit obligations in excess of plan assets
Projected benefit obligation
$
545.9

 
$
545.9

Accumulated benefit obligation
479.1

 
479.1

Fair value of plan assets
156.2

 
156.2
Schedule of accumulated benefit obligation in excess of fair value of plan assets
Pension plans acquired with accumulated benefit obligations in excess of plan assets and projected benefit obligations in excess of plan assets as of October 1, 2016 are presented below:    

 
Pension plans with accumulated benefit obligations in excess of plan assets
 
Pension plans with projected benefit obligations in excess of plan assets
Projected benefit obligation
$
545.9

 
$
545.9

Accumulated benefit obligation
479.1

 
479.1

Fair value of plan assets
156.2

 
156.2
Schedule of assumptions used
The weighted-average assumptions used to determine the Company’s projected benefit obligation above are presented below:
 
Pension Plans
 
Other Post-Employment Benefits
Discount rates
1.1
%
 
1.6
%
Future compensation growth rates
2.5
%
 
4.2
%
The weighted-average assumptions used to determine the Company’s net periodic benefit cost for the three months ended March 31, 2017 are presented below:
 
Pension Plans
 
Other Post-Employment Benefits
Discount rates
1.1
%
 
1.6
%
Future compensation growth rates
2.5
%
 
4.2
%
Expected long-term rates of return on plan assets
4.4
%
 
6.0
%
Schedule of allocation of plan assets
The target asset allocations for the acquired P&G Beauty Business pension plans as of March 31, 2017 and by asset category are presented below:
 
Target
 
% of Plan Assets
 
 
 
October 1, 2016
Equity securities
56.3
%
 
32.9
%
Fixed income securities
35.7
%
 
20.8
%
Cash and other investments
8.1
%
 
46.3
%