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INCOME TAXES (Tables)
 12 Months Ended
Jun. 30, 2025
Income Tax Disclosure [Abstract]  
Schedule of (loss) income before income tax
(Loss) income before income taxes in fiscal 2025, 2024 and 2023 is presented below:
Year Ended June 30,
202520242023
United States$(696.0)$(591.1)$(253.6)
Foreign351.2 795.6 958.4 
Total$(344.8)$204.5 $704.8 
Schedule of components of income tax expense (benefit)
The components of the Company’s total provision (benefit) for income taxes during fiscal 2025, 2024 and 2023 are presented below:
Year Ended June 30,
202520242023
Provision for income taxes:   
Current:   
Federal$(7.8)$1.2 $2.6 
State and local3.4 (3.5)2.6 
Foreign97.3 107.2 120.1 
Total92.9 104.9 125.3 
Deferred:   
Federal(20.2)(36.7)(61.1)
State and local(16.9)(16.7)1.0 
Foreign(50.4)43.6 116.4 
Total(87.5)(9.8)56.3 
Provision for income taxes$5.4 $95.1 $181.6 
Schedule of effective income tax rate reconciliation
The reconciliation of the U.S. Federal statutory tax rate to the Company’s effective income tax rate during fiscal 2025, 2024 and 2023 is presented below:
Year Ended June 30,
202520242023
Income (loss) before income taxes$(344.8)$204.5 $704.8 
Provision for income taxes at statutory rate$(72.4)$42.9 $148.0 
State and local taxes—net of federal benefit(10.6)(15.9)2.8 
Foreign tax differentials(0.1)20.9 (10.1)
Change in valuation allowances97.8 38.9 10.2 
Change in unrecognized tax benefit34.3 (15.5)32.5 
Permanent differences—net43.9 7.6 (4.9)
Non-deductible executive stock compensation11.0 19.7 27.7 
Currency Loss8.3 (22.5)(13.6)
Russia exit uncertain tax position release(10.0)— (7.0)
Principal relocation revaluation— 27.6 — 
Nondeductible Interest Expense6.8 12.1 — 
Swiss Tax Credits-net of valuation allowance(2.4)(37.8)— 
Tax Rate Change Deferred Tax Liability Revaluation— 24.2 — 
Brazil tax recovery benefit(78.5)— — 
Swiss Impairment(31.2)— — 
Other8.5 (7.1)(4.0)
Provision for income taxes$5.4 $95.1 $181.6 
Effective income tax rate(1.6)%46.5 %25.8 %
Schedule of deferred tax assets and liabilities
Significant components of deferred income tax assets and liabilities as of June 30, 2025 and 2024 are presented below:
June 30,
2025		June 30,
2024
Deferred income tax assets:  
Inventories$4.4 $7.0 
Accruals and allowances64.1 62.1 
Sales returns16.3 15.2 
Share-based compensation4.0 5.3 
Employee benefits46.5 55.7 
Net operating loss carry forwards and tax credits376.3 308.6 
Capital loss carry forwards29.8 0.2 
Interest expense limitation carry forward173.5 102.8 
Lease liability16.1 26.0 
Principal relocation lease 347.6 337.7 
Property, plant and equipment42.0 21.1 
Derivative Instruments70.5 0.3 
Other63.0 58.2 
Less: valuation allowances(274.1)(151.4)
Net deferred income tax assets980.0 848.8 
Deferred income tax liabilities:  
Intangible assets753.6 772.4 
Licensing rights29.9 30.2 
Right of use asset22.8 26.3 
Investment in partnerships48.3 61.1 
Other31.7 17.9 
Deferred income tax liabilities886.3 907.9 
Net deferred income tax (liability) asset$93.7 $(59.1)
Schedule of expirations of tax loss carryforwards
The expirations of tax loss carry forwards, amounting to $623.1 as of June 30, 2025, in each of the fiscal years ending June 30, are presented below:
Fiscal Year Ending June 30,United StatesWestern EuropeRest of WorldTotal
2026$— $— $8.2 $8.2 
2027— 0.2 20.5 20.7 
2028— 52.0 16.6 68.6 
2029— — 21.9 21.9 
2030 and thereafter— 156.6 347.1 503.7 
Total$— $208.8 $414.3 $623.1 
Schedule of reconciliation of unrecognized tax benefits
A reconciliation of the beginning and ending amount of UTBs is presented below:
Year Ended June 30,
202520242023
UTBs—July 1$215.3 $235.5 $251.6 
Additions based on tax positions related to the current year1.2 1.3 6.7 
Additions for tax positions of prior years50.8 15.8 0.7 
Reductions for tax positions of prior years(6.0)(19.0)(1.4)
Settlements(0.3)(1.2)(4.6)
Lapses in statutes of limitations(33.1)(17.8)(13.8)
Foreign currency translation12.9 0.7 (3.7)
UTBs—June 30$240.8 $215.3 $235.5