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DERIVATIVE INSTRUMENTS (Tables)
 9 Months Ended
Mar. 31, 2017
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Amount of gains and losses recognized in OCI
The amount of gains and losses recognized in Other comprehensive income (loss) (“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 and nine months ended March 31, 2017 and 2016 is presented below:
Gain (Loss) Recognized in OCI
Three Months Ended
March 31,
 
Nine Months Ended
March 31,
 
2017
 
2016
 
2017
 
2016
Foreign exchange forward contracts
$
(0.9
)
 
$
(2.1
)
 
$
(0.3
)
 
$
5.5

Interest rate swap contracts
2.8

 
(22.1
)
 
48.1

 
(19.6
)
Net investment hedge
(9.0
)
 
(26.1
)
 
29.1

 
(17.0
)
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 nine months ended March 31, 2017 and 2016 is presented below:
Condensed Consolidated Statements of Operations Classification of Gain (Loss) Reclassified from AOCI/(L)
Three Months Ended
March 31,
 
Nine Months Ended
March 31,
 
2017
 
2016
 
2017
 
2016
Foreign exchange forward contracts:
 
 
 
 
 
 
 
Net revenue
$
0.5

 
$
1.7

 
$
2.1

 
$
4.5

Cost of sales
(1.5
)
 
0.3

 
(1.2
)
 
0.4

Interest rate swap contracts:
 
 
 
 
 
 
 
Interest expense
$
(1.9
)
 
$
(3.3
)
 
$
(8.5
)
 
$
(4.1
)
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 nine months ended March 31, 2017 and 2016 is presented below:
Condensed Consolidated Statements of Operations
Classification of Gain (Loss) Recognized in Operations
Three Months Ended
March 31,
 
Nine Months Ended
March 31,
 
2017
 
2016
 
2017
 
2016
Selling, general and administrative expenses
$
(2.3
)
 
$
(0.1
)
 
(1.9
)
 
1.2

Interest expense, net
(5.9
)
 
(39.3
)
 
4.1

 
(15.6
)
Other (expense) income, net (a)
(0.1
)
 
(5.4
)
 
(0.5
)
 
(29.6
)
 
 
(a) During the three and nine months ended March 31, 2016, the Company recognized $5.4 and $29.6 of realized losses, respectively, on foreign currency forward contracts related to an advance payment for the Brazil Acquisition.