EQUITY (Tables)

12 Months Ended

Jun. 30, 2017

Equity [Abstract]

Schedule of Series A Preferred Stock

The following table summarizes the key terms of each issuance of Series A Preferred Stock:

Issuance Date	Number of Shares Awarded at Grant Date (millions of shares)	Number of Shares Outstanding (millions of shares)	Hurdle Price per Share
April 2015(a)(e)	7.4	1.7	$	27.97
November 25, 2016(b)(f)	1.0	1.0	$	22.34
February 16, 2017(c)(f)	0.5	0.5	$	22.66
March 27, 2017(d)(f)	1.0	1.0	$	22.39

^(a) Two of the holders subsequently forfeited 5.7 million shares, which was repurchased by the Company at $0.01 per share. Additionally, one of the holders is entitled to a cash bonus of $3.00 per share upon the vesting of 0.6 million shares of Series A Preferred Stock if the market value of Class A Common Stock on the date of conversion exceeds the hurdle price on the vest date.

^(b) This grant was sold to Camillo Pane (“Mr. Pane”), the Company’s Chief Executive Officer. Mr. Pane is entitled to a cash bonus of $2.60 per share upon exchanging shares of Series A Preferred stock if the market value of Class A Common Stock on the date of conversion exceeds the hurdle price.

^(c) Holder is entitled to a cash bonus of $2.62 per share upon exchanging shares of Series A Preferred Stock if the market value of Class A Common Stock on the date of conversion exceeds the hurdle price.

^(d) This grant was sold to Lambertus J.H. Becht (“Mr. Becht”), the Company’s Chairman of the Board. Under the terms provided in the subscription agreement, the Series A Preferred Stock immediately vested on the grant date and the holder may exchange the vested shares after the fifth anniversary of the date of issuance. The Company requires shareholder approval in order to settle the exchange in shares of Class A Common Stock. Therefore, the award is classified as a liability as of June 30, 2017. An expense of $3.8 was recorded during fiscal 2017 and has been included in Selling, general and administrative expense on the Consolidated Statements of Operations.

^(e) If the holder does not exchange the vested Series A Preferred Stock by a certain expiration date, the Company must automatically exchange the Series A Preferred Stock into cash for the pro-rata portion of the grants attributable to services rendered by the holder within the United States. The portion related to service outside the United States, may be settled in cash or shares, at election of the Company. Therefore, these grants were accounted for using the liability plan accounting at issuance. As a holder provides service outside the U.S., a pro-rata portion of the grants are converted to equity awards to the extent the Company is not required to settle the award in cash, which are measured and fixed at the quarter end date that such services are provided, based on the estimated fair value of the award and recognized on a straight-line basis, net of estimated forfeitures, over the employee’s requisite service period.

^(f) If the holder does not exchange the vested Series A Preferred Stock by a certain expiration date, the Company must automatically exchange the Series A Preferred Stock into cash or shares, at election of the Company.

Schedule of Dividends Declared

The following dividends were declared during fiscal years 2017, 2016 and 2015:

Declaration Date	Dividend Type	Dividend Per Share		Holders of Record Date	Dividend Value		Dividend Payment Date	Dividends Paid		Dividends Payable (a)
Fiscal 2017
August 1, 2016	Annual	$	0.275	August 11, 2016	$	93.4	August 19, 2016	$	92.4	$	1.0
December 9, 2016	Quarterly	$	0.125	December 19, 2016	$	94.0	December 28, 2016	$	93.4	$	0.6
February 9, 2017	Quarterly	$	0.125	February 28, 2017	$	94.0	March 10, 2017	$	93.4	$	0.6
May 10, 2017	Quarterly	$	0.125	May 31, 2017	$	94.0	June 13, 2017	$	93.4	$	0.6
Fiscal 2017		$	0.650		$	375.4		$	372.6	$	2.8
Fiscal 2016
September 11, 2015	Annual	$	0.250	October 1, 2015	$	90.1	October 15, 2015	$	89.0	$	1.1
Fiscal 2015
September 16, 2014	Annual	$	0.200	October 1, 2014	$	71.9	October 15, 2014	$	71.0	$	0.9

^(a) The dividend payable is the value of the remaining dividends payable upon settlement of the RSUs and phantom units outstanding as of the Holders of Record Date. Dividends payable are recorded as Accrued expense and other current liabilities and Other noncurrent liabilities in the Consolidated Balance Sheet.

Schedule of Accumulated Other Comprehensive (Loss)

Accumulated Other Comprehensive Income (Loss)

				Foreign Currency Translation Adjustments
	(Losses) Gains on Cash Flow Hedges			Loss on Net Investment Hedge			Foreign Currency Translation Adjustments			Pension and Other Post-Employment Benefit Plans			Total
Beginning balance at July 1, 2015	$	(0.1	)	$	—		$	(249.3	)	$	(24.6	)	$	(274.0	)
Other comprehensive income before reclassifications	(31.2		)	(2.5		)	85.3			(19.1		)	32.5
Net amounts reclassified from AOCI/(L) (a)	2.4			—			—			(0.6		)	1.8
Net current-period other comprehensive income	(28.8		)	(2.5		)	85.3			(19.7		)	34.3
Ending balance at June 30, 2016	$	(28.9	)	$	(2.5	)	$	(164.0	)	$	(44.3	)	$	(239.7	)
Other comprehensive income before reclassifications	35.9			(21.2		)	143.2			80.5			238.4
Net amounts reclassified from AOCI/(L) (a)	5.6			—			—			0.1			5.7
Net current-period other comprehensive income	41.5			(21.2		)	143.2			80.6			244.1
Ending balance at June 30, 2017	$	12.6		$	(23.7	)	$	(20.8	)	$	36.3		$	4.4

^(a) Amortization of actuarial gains (losses) of $0.4 and $1.7, net of taxes of $0.3 and $1.1, were reclassified out of AOCI/(L) and included in the computation of net period pension costs for the fiscal years ended June 30, 2017 and 2016, respectively (see Note 17—Employee Benefit Plans).

Schedule of Share Repurchase Activities

The following table summarizes the share repurchase activities during the years ended June 30, 2017, 2016 and 2015:

Period	Number of shares repurchased (in millions)	Cost of shares repurchased (in millions)		Lowest fair value of shares repurchased per share		Highest fair value of shares repurchased per share
Fiscal Year Ended June 30, 2017	1.4	$	36.3	$	25.35	$	27.40
Fiscal Year Ended June 30, 2016	27.4	$	767.0	$	25.10	$	30.35
Fiscal Year Ended June 30, 2015	13.4	263.1		18.64		21.99