INCOME TAXES (Tables)

9 Months Ended

Mar. 31, 2018


	Three months ended March 31,				Nine months ended March 31,
	2018		2017		2018			2017
	(in millions)
Expected provision at the statutory rate	$	12.4	$	9.6	$	30.0	$	24.4
Increase/(decrease) due to:
State income tax expense, net of federal benefit		1.3		0.6		2.8		2.1
Stock-based compensation		1.6		(13.1)		4.1		(12.7)
Transactions costs not deductible for tax purposes		0.4		1.5		0.6		1.8
Change in statutory tax rate, non-U.S.		—		—		0.8		(1.7)
Foreign tax rate differential		(1.0)		(1.8)		(2.7)		(2.1)
Change in valuation allowance		(0.2)		(2.0)		(31.6)		(8.7)
U.S. Tax Reform		4.6		—		48.7		—
Other, net		1.8		5.8		(3.5)		4.3
Provision for income taxes	$	20.9	$	0.6	$	49.2	$	7.4

Provisional amounts recognized due to the U.S. Tax Reform for the three months ended March 31, 2018:


	Tax Expense		Net Deferred Tax Liability		Tax Receivable
	(in millions)
Change in statutory tax rate, U.S. only (net of refundable AMT credit)	$	0.2	$	0.8	$	0.6
Changes to indefinite reinvestment assertion		(0.4)		(0.4)
Repatriation Tax (offset against net operating loss carryforwards, non-cash)		4.8		4.8
Net discrete impacts of the enactment of U.S. Tax Reform	$	4.6	$	5.2	$	0.6

Provisional amounts recognized due to the U.S. Tax Reform for the nine months ended March 31, 2018:


	Tax Expense		Net Deferred Tax Liability		Tax Receivable
	(in millions)
Change in statutory tax rate, U.S. only (net of refundable AMT credit)	$	1.6	$	12.2	$	10.6
Changes to indefinite reinvestment assertion		7.5		7.5
Repatriation Tax (offset against net operating loss carryforwards, non-cash)		39.6		39.6
Net discrete impacts of the enactment of U.S. Tax Reform	$	48.7	$	59.3	$	10.6