EQUITY AND CONVERTIBLE PREFERRED STOCK (Tables)

12 Months Ended

Jun. 30, 2023

Equity [Abstract]

Schedule of Series A preferred stock

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

Issuance Date	Type	Number of Shares Awarded at Grant Date (millions of shares)	Number of Shares Outstanding (millions of shares)	Hurdle Price per Share
March 27, 2017 (a) (b)	Series A	1.0	1.0	$22.39

(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 or shares, at election of the Company.

(b)This grant was sold to Lambertus J.H. Becht (“Mr. Becht”), the Company’s former 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, 2023. An expense (income) of $0.2, $(0.2) and $0.8 was recorded during fiscal 2023, 2022 and 2021, respectively, and has been included in Selling, general and administrative expenses on the Consolidated Statements of Operations.

Schedule of accumulated other comprehensive (loss)

Accumulated Other Comprehensive (Loss) Income

			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, 2021	$	(15.5)	$	(32.2)	$	(259.3)	$	(14.9)	$	(321.9)
Other comprehensive income (loss) before reclassifications	11.0		36.3		(511.5)		58.0		(406.2)
Net amounts reclassified from AOCI/(L) (a)	8.8		—		—		1.4		10.2
Net current-period other comprehensive income (loss)	19.8		36.3		(511.5)		59.4		(396.0)
Ending balance at June 30, 2022	$	4.3	$	4.1	$	(770.8)	$	44.5	$	(717.9)
Other comprehensive income (loss) before reclassifications	1.7		(53.9)		102.9		14.7		65.4
Net amounts reclassified from AOCI/(L) (a)	(5.3)		—		—		(4.6)		(9.9)
Net current-period other comprehensive income (loss)	(3.6)		(53.9)		102.9		10.1		55.5
Ending balance at June 30, 2023	$	0.7	$	(49.8)	$	(667.9)	$	54.6	$	(662.4)

(a) Amortization of actuarial gains of $6.1 and $1.6, net of taxes of $1.5 and $0.2, were reclassified out of AOCI/(L) and included in the computation of net period pension costs for the fiscal years ended June 30, 2023 and 2022, respectively (see Note 19—Employee Benefit Plans).