Borrowings (Tables)

6 Months Ended

Dec. 31, 2016

Debt Disclosure [Abstract]

Schedule of Outstanding Borrowings

Outstanding borrowings and available capacity under the Company’s borrowing arrangements were as follows:

	Expiration Date	Par value at December 31, 2016		Carrying value at December 31, 2016		Carrying value at June 30, 2016 (a)		Unused Available Capacity		Fair Value at December 31, 2016
				(in millions)
Current portion of long-term debt
Fiscal 2007 Senior Notes	June 2017	$	125.0	$	124.9	$	124.8	$	—	$	126.9
		$	125.0	$	124.9	$	124.8	$	—	$	126.9
Long-term debt, excluding current portion
Fiscal 2015 Revolving Credit Facility	August 2019	$	—	$	190.0	$	—	$	560.0	$	190.0
Fiscal 2014 Senior Notes	September 2020	400.0		397.4		397.2		—		417.5
Fiscal 2016 Senior Notes	June 2026	500.0		493.7		493.5		—		481.8
		$	900.0	$	1,081.1	$	890.7	$	560.0	$	1,089.3
Total debt		$	1,025.0	$	1,206.0	$	1,015.5	$	560.0	$	1,216.2

(a) On July 1, 2016, the Company has adopted ASU 2015-03 on a retrospective basis and accordingly, the Condensed Consolidated Balance Sheets as of June 30, 2016 has been updated to reflect this new classification, which resulted in a decrease in Other non-current assets of $7.1 million, a decrease in Long-term debt, excluding current portion of $7.0 million and a decrease of $0.1 million in Current portion of long-term debt at June 30, 2016.