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DERIVATIVE INSTRUMENTS (Tables) | 9 Months Ended
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Mar. 31, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
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 March 31, |  | Nine Months Ended March 31,
| 2021 |  | 2020 |  | 2021 |  | 2020
Foreign exchange forward contracts | $ | — |  |  | $ | 1.5 |  |  | $ | (0.4) |  |  | $ | 0.9 |
Interest rate swap contracts | 3.9 |  |  | (27.9) |  |  | 4.3 |  |  | (24.3) |
Cross-currency swap contracts | — |  |  | 14.9 |  |  | (25.1) |  |  | (3.8) |
Net investment hedge | 156.4 |  |  | 67.5 |  |  | (191.1) |  |  | 125.5 |
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 March 31, |  | Nine Months Ended March 31,
| 2021 |  | 2020 |  | 2021 |  | 2020
Foreign exchange forward contracts | $ | — |  |  | $ | 1.5 |  |  | $ | (0.4) |  |  | $ | 0.9 |
Interest rate swap contracts | 3.9 |  |  | (27.9) |  |  | 4.3 |  |  | (24.3) |
Cross-currency swap contracts | — |  |  | 14.9 |  |  | (25.1) |  |  | (3.8) |
Net investment hedge | 156.4 |  |  | 67.5 |  |  | (191.1) |  |  | 125.5 |
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 March 31, |  | Nine Months Ended March 31,
| 2021 |  | 2020 |  | 2021 |  | 2020
| Net revenues |  |  |  | Interest expense, net |  | Net revenues |  |  |  | Interest expense, net |  | Net revenues |  |  |  | Interest expense, net |  | Net revenues |  |  |  | Interest expense, net
Foreign exchange forward contracts: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Amount of gain (loss) reclassified from AOCI into income | $ | — |  |  |  |  | $ | — |  |  | $ | — |  |  |  |  | $ | — |  |  | $ | 1.0 |  |  |  |  | $ | — |  |  | $ | — |  |  |  |  | $ | — |
Interest rate swap contracts: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Amount of gain (loss) reclassified from AOCI into income | — |  |  |  |  | (6.3) |  |  | — |  |  |  |  | (2.8) |  |  | — |  |  |  |  | (27.6) |  |  | — |  |  |  |  | (3.1) |
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 March 31, |  | Nine Months Ended March 31,
|  | 2021 |  | 2020 |  | 2021 |  | 2020
Foreign exchange contracts | Selling, general and administrative expenses | $ | — |  |  | $ | (1.1) |  |  | $ | 0.1 |  |  | $ | (1.6) |
Foreign exchange contracts | Interest expense, net | 7.5 |  |  | (14.5) |  |  | 23.7 |  |  | (3.2) |
Foreign exchange contracts | Other expense, net | (0.1) |  |  | 1.0 |  |  | (0.5) |  |  | 0.7 |

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