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BUSINESS COMBINATIONS, ASSET ACQUISITIONS AND DIVESTITURES (Tables)
9 Months Ended
Mar. 31, 2020
Business Combinations [Abstract]  
Schedule of estimated allocation of purchase price to net assets
The following table summarizes the estimated allocation of the purchase price to the net assets as of the January 6, 2020 acquisition date:
Estimated fair value Estimated useful life
(in years)
Cash and cash equivalents$7.8  
Receivables2.2  
Inventories2.5  
Property, plant and equipment3.6  
Collaboration agreement369.0  20
License agreement280.0  20
Customer relationships27.0  1.5
Goodwill127.4  Indefinite
Net other liabilities(6.6) 
Total value$812.9  
Noncontrolling interest212.9  
Total purchase price$600.0