EQUITY (Tables)

12 Months Ended

Jun. 30, 2018

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)	6.8	1.1	$	27.97
April 2015 (a)	0.6	0.6	$	26.87
November 25, 2016 (b)	1.0	1.0	$	22.34
February 16, 2017 (b)	0.5	0.3	$	22.66
March 27, 2017 (b) (c)	1.0	1.0	$	22.39
November 16, 2017 (b)	1.0	1.0	$	19.85

^(a) If the holder does not exchange the vested Series A Preferred Stock by a specified 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.

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

^(c) 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, 2018. An expense (income) of $(1.7) and $3.8 was recorded during fiscal 2018 and 2017, respectively, and has been included in Selling, general and administrative expense on the Consolidated Statements of Operations.

Schedule of Dividends Declared

The following dividends were declared during fiscal years 2018, 2017 and 2016:

Declaration Date	Dividend Type	Dividend Per Share		Holders of Record Date	Dividend Value		Dividend Payment Date	Dividends Paid		Dividends Payable (a)
Fiscal 2018
August 22, 2017	Quarterly	$	0.125	September 1, 2017	$	94.4	September 14, 2017	$	93.6	$	0.8
November 9, 2017	Quarterly	$	0.125	November 30, 2017	$	94.6	December 14, 2017	$	93.7	$	0.9
February 8, 2018	Quarterly	$	0.125	February 28, 2018	$	94.6	March 15, 2018	$	93.8	$	0.8
May 9, 2018	Quarterly	$	0.125	May 31, 2018	$	94.6	June 14, 2018	$	93.8	$	0.8
Fiscal 2018		$	0.500		$	378.2		$	374.9	$	3.3
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

^(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			(Losses) Gains on Net Investment Hedge			Foreign Currency Translation Adjustments			Pension and Other Post-Employment Benefit Plans			Total
Beginning balance at July 1, 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
Other comprehensive income before reclassifications	19.2			138.7			(23.5		)	20.8			155.2
Net amounts reclassified from AOCI/(L) (a)	(4.0		)	—			—			(3.3		)	(7.3		)
Net current-period other comprehensive income	15.2			138.7			(23.5		)	17.5			147.9
Adjustment due to the adoption of ASU 2018-02 (Note 2)	3.9			—			—			2.6			6.5
Ending balance at June 30, 2018	$	31.7		$	115.0		$	(44.3	)	$	56.4		$	158.8

^(a) Amortization of actuarial gains (losses) of $5.2 and $0.4, net of taxes of $1.9 and $0.3, were reclassified out of AOCI/(L) and included in the computation of net period pension costs for the fiscal years ended June 30, 2018 and 2017, 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, 2018, 2017 and 2016:

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, 2018	—	$	—	$	—	$	—
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