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DERIVATIVE INSTRUMENTS (Tables)
 12 Months Ended
Jun. 30, 2017
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 Consolidated Balance Sheets related to the Company’s derivative and non-derivative financial instruments which are designated as hedging instruments is presented below:
Gain (Loss) Recognized in OCI
Fiscal Year Ended June 30,
 
2017
 
2016
 
2015
Foreign exchange forward contracts
$
(0.8
)
 
$
6.0

 
$
21.6

Interest rate swap contracts
40.8

 
(36.6
)
 
—

Net investment hedge
(21.2
)
 
(2.5
)
 
—
Amount of gains and losses reclassified from OCI
The amount of gains and losses reclassified from AOCI/(L) to the Consolidated Statements of Operations related to the Company’s derivative financial instruments which are designated as hedging instruments is presented below:
Consolidated Statements of Operations
Classification of Gain (Loss) Reclassified from AOCI/(L)

Fiscal Year Ended June 30,
 
2017
 
2016
 
2015
Foreign exchange forward contract:
 
 
 
 
 
Net revenues
$
2.4

 
$
5.5

 
$
8.1

Cost of sales
(2.2
)
 
0.7

 
0.3

Interest rate swap contracts:
 
 
 
 
 
Interest expense
(9.3
)
 
(7.7
)
 
—
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 is presented below:
Consolidated Statements of Operations
Classification of Gain (Loss) Recognized in Operations
Fiscal Year Ended June 30,
 
2017
 
2016
 
2015
Net revenues
$
—

 
$
—

 
$
(0.1
)
Cost of sales
—

 
—

 
(0.3
)
Selling, general and administrative
(0.1
)
 
1.8

 
(0.2
)
Interest expense, net (a)
(6.5
)
 
(11.3
)
 
(37.2
)
Other expense, net (b)
(1.1
)
 
(29.3
)
 
—

 
 
(a) 
The impact on interest expense, net for fiscal 2015 related to derivative contracts entered into to offset fluctuations in the underlying non-functional currency cash balances and intercompany loans at June 30, 2015 is due to increased foreign exchange exposure and higher volatility in currencies during the year, which is more than offset by the revaluation of underlying non-functional currency cash balances. 
(b) 
During fiscal 2016, the Company recognized $29.6 of realized losses on foreign currency forward contracts related to an advanced payment for the Hypermarcas Brands.