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DERIVATIVE INSTRUMENTS (Tables) | 12 Months Ended
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Jun. 30, 2022
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 OCI in the 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 | Fiscal Year Ended June 30,
| 2022 |  | 2021 |  | 2020
Foreign exchange forward contracts | $ | (1.0) |  |  | $ | (0.3) |  |  | $ | 1.3 |
Interest rate swap contracts | 13.9 |  |  | 1.0 |  |  | (50.3) |
Cross-currency swap contracts | — |  |  | (25.1) |  |  | (12.5) |
Net investment hedges | 36.3 |  |  | (256.5) |  |  | 47.1 |
Schedule of amount of gains and losses recognized in Other comprehensive income (loss) | The amount of gains and losses recognized in OCI in the 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 | Fiscal Year Ended June 30,
| 2022 |  | 2021 |  | 2020
Foreign exchange forward contracts | $ | (1.0) |  |  | $ | (0.3) |  |  | $ | 1.3 |
Interest rate swap contracts | 13.9 |  |  | 1.0 |  |  | (50.3) |
Cross-currency swap contracts | — |  |  | (25.1) |  |  | (12.5) |
Net investment hedges | 36.3 |  |  | (256.5) |  |  | 47.1 |
Amount of gains and losses reclassified from OCI | The amount of gains and losses reclassified from AOCI/(L) to the 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 | Fiscal Year Ended June 30,
| 2022 |  | 2021 |  | 2020
| Net Revenues |  | Cost of sales |  | Interest expense, net |  | Net Revenues |  | Cost of sales |  | Interest expense, net |  | Net Revenues |  | Cost of sales |  | Interest expense, net
Foreign exchange forward contracts: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Amount of gain reclassified from AOCI into income | $ | — |  |  | $ | 1.7 |  |  | $ | — |  |  | $ | 1.0 |  |  | $ | — |  |  | $ | — |  |  | $ | 0.6 |  |  | $ | — |  |  | $ | — |
Interest rate swap contracts: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Amount of loss reclassified from AOCI into income | — |  |  | — |  |  | (13.0) |  |  | — |  |  | — |  |  | (36.1) |  |  | — |  |  | — |  |  | (10.8) |
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:
Consolidated Statements of Operations Classification of Gain (Loss) Recognized in Operations | Fiscal Year Ended June 30,
|  | 2022 |  | 2021 |  | 2020
Foreign exchange contracts | Selling, general and administrative expenses | $ | (0.1) |  |  | $ | 0.1 |  |  | $ | (0.8) |
Foreign exchange contracts | Interest income (expense), net | 2.7 |  |  | 26.3 |  |  | (3.1) |
Foreign exchange and forward repurchase contracts | Other income (expense), net | 18.4 |  |  | (0.6) |  |  | 0.4 |

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