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INTEREST EXPENSE, NET
 12 Months Ended
Jun. 30, 2018
Interest Income (Expense), Net [Abstract]  
INTEREST EXPENSE, NET
INTEREST EXPENSE, NET
Interest expense, net for the years ended June 30, 2018, 2017 and 2016 is presented below:
 
Year Ended June 30,
 
2018
 
2017
 
2016
Interest expense
$
287.1

 
$
219.6

 
$
112.9

Foreign exchange (gain) losses, net of derivative contracts (a)
(8.5
)
 
3.4

 
(26.9
)
Interest income
(13.6
)
 
(4.4
)
 
(4.1
)
Total interest expense, net
$
265.0

 
$
218.6

 
$
81.9

 
 
(a) In the years ended June 30, 2018 and 2016, the Company recorded gains of $1.4 and $11.1, respectively, related to short-term forward contracts to exchange euros for U.S. dollars to facilitate the repayment of U.S. dollar denominated debt. 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 $1.4 and $11.1 included within total Interest expense, net for the fiscal years end June 30, 2018 and 2016, respectively in the Company’s Consolidated Statements of Operations.