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v3.23.1

DERIVATIVE INSTRUMENTS (Tables) | 9 Months Ended
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Mar. 31, 2023
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 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,
| 2023 |  | 2022 |  | 2023 |  | 2022
Foreign exchange forward contracts | $ | (3.1) |  |  | $ | (4.7) |  |  | $ | (1.8) |  |  | $ | (3.0) |
Interest rate swap contracts | (0.1) |  |  | 7.9 |  |  | 1.7 |  |  | 9.8 |
Net investment hedges | (16.2) |  |  | 5.3 |  |  | (52.9) |  |  | 24.2 |
Schedule of 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,
| 2023 |  | 2022 |  | 2023 |  | 2022
Foreign exchange forward contracts | $ | (3.1) |  |  | $ | (4.7) |  |  | $ | (1.8) |  |  | $ | (3.0) |
Interest rate swap contracts | (0.1) |  |  | 7.9 |  |  | 1.7 |  |  | 9.8 |
Net investment hedges | (16.2) |  |  | 5.3 |  |  | (52.9) |  |  | 24.2 |
Schedule of 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,
| 2023 |  | 2022
| Net revenues |  | Cost of sales |  | Interest expense, net |  | Net revenues |  | Cost of sales |  | Interest expense, net
Foreign exchange forward contracts: |  |  |  |  |  |  |  |  |  |  |
Amount of gain (loss) reclassified from AOCI into income | $ | — |  |  | $ | 0.3 |  |  | $ | — |  |  | $ | — |  |  | $ | 1.2 |  |  | $ | — |
Interest rate swap contracts: |  |  |  |  |  |  |  |  |  |  |
Amount of gain (loss) reclassified from AOCI into income | — |  |  | — |  |  | 1.2 |  |  | — |  |  | — |  |  | (2.2) |
Location and Amount of Gain (Loss) Recognized in Income on Cash Flow Hedging Relationships | Nine Months Ended March 31,
| 2023 |  | 2022
| Net revenues |  | Cost of sales |  | Interest expense, net |  | Net revenues |  | Cost of sales |  | Interest expense, net
Foreign exchange forward contracts: |  |  |  |  |  |  |  |  |  |  |
Amount of gain (loss) reclassified from AOCI into income | $ | — |  |  | $ | (1.3) |  |  | $ | — |  |  | $ | — |  |  | $ | 1.4 |  |  | $ | — |
Interest rate swap contracts: |  |  |  |  |  |  |  |  |  |  |
Amount of gain (loss) reclassified from AOCI into income | — |  |  | — |  |  | 7.9 |  |  | — |  |  | — |  |  | (12.0) |
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:
Condensed Consolidated Statements of Operations Classification of Gain (Loss) Recognized in Operations | Three Months Ended March 31, |  | Nine Months Ended March 31,
|  | 2023 |  | 2022 |  | 2023 |  | 2022
Foreign exchange contracts | Selling, general and administrative expenses | $ | (4.6) |  |  | $ | (0.4) |  |  | $ | (4.7) |  |  | $ | (0.3) |
Foreign exchange contracts | Interest expense, net | 14.7 |  |  | (1.5) |  |  | (64.6) |  |  | 18.7 |
Foreign exchange and forward repurchase contracts | Other (expense) income, net | 161.4 |  |  | 2.8 |  |  | 167.1 |  |  | 2.3 |

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