DERIVATIVE INSTRUMENTS (Tables)

6 Months Ended

Dec. 31, 2024

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of amount of gains and losses recognized in other comprehensive income (loss)

The amount of gains and losses recognized in Other comprehensive income (loss) (“OCI”) in the Condensed Consolidated Balance Sheets related to the Company’s derivative and non-derivative financial instruments which are designated as hedging instruments is presented below:

Gain (Loss) Recognized in OCI	Three Months Ended December 31,				Six Months Ended December 31,
	2024		2023		2024		2023
Foreign exchange forward contracts	$	1.7	$	(1.1)	$	1.1	$	—
Interest rate swap contracts	—		(1.1)		—		(0.1)
Net investment hedges	105.8		(27.6)		45.6		(9.9)

Schedule of amount of gains and losses recognized in other comprehensive income (loss)

The amount of gains and losses recognized in Other comprehensive income (loss) (“OCI”) in the Condensed Consolidated Balance Sheets related to the Company’s derivative and non-derivative financial instruments which are designated as hedging instruments is presented below:

Gain (Loss) Recognized in OCI	Three Months Ended December 31,				Six Months Ended December 31,
	2024		2023		2024		2023
Foreign exchange forward contracts	$	1.7	$	(1.1)	$	1.1	$	—
Interest rate swap contracts	—		(1.1)		—		(0.1)
Net investment hedges	105.8		(27.6)		45.6		(9.9)

Schedule of amount of gains and losses reclassified from AOCI(L)

The amount of gains and losses reclassified from AOCI/(L) to the Condensed Consolidated Statements of Operations related to the Company’s derivative financial instruments which are designated as hedging instruments is presented below:

Location and Amount of Gain (Loss) Recognized in Income on Cash Flow Hedging Relationships	Three Months Ended December 31,
	2024				2023
	Cost of sales		Interest expense, net		Cost of sales		Interest expense, net
Foreign exchange forward contracts:
Amount of gain (loss) reclassified from AOCI into income	$	0.7	$	—	$	(1.4)	$	—
Interest rate swap contracts:
Amount of gain (loss) reclassified from AOCI into income	—		0.4		—		0.6
Location and Amount of Gain (Loss) Recognized in Income on Cash Flow Hedging Relationships	Six Months Ended December 31,
	2024				2023
	Cost of sales		Interest expense, net		Cost of sales		Interest expense, net
Foreign exchange forward contracts:
Amount of gain (loss) reclassified from AOCI into income	$	0.9	$	—	$	(2.1)	$	—
Interest rate swap contracts:
Amount of gain (loss) reclassified from AOCI into income	—		0.8		—		1.2

Schedule of derivatives not designated as hedging

The amount of gains and losses related to the Company’s derivative financial instruments not designated as hedging instruments is presented below:

Condensed Consolidated Statements of Operations Classification of Gain (Loss) Recognized in Operations		Three Months Ended December 31,				Six Months Ended December 31,
		2024		2023		2024		2023
Foreign exchange contracts	Selling, general and administrative expenses	$	0.3	$	(0.2)	$	0.4	$	(0.1)
Foreign exchange contracts(a)	Interest expense, net	(50.4)		32.1		(22.8)		2.7
Foreign exchange and forward repurchase contracts	Other income (expense), net	(126.0)		72.1		(168.1)		(3.6)

(a) The losses and gains for these foreign exchange contracts were offset against the gains and losses from revaluation of debt denominated in foreign currency included in Interest expense, net.