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DERIVATIVE INSTRUMENTS (Tables) | 9 Months Ended
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Mar. 31, 2024
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,
| 2024 |  | 2023 |  | 2024 |  | 2023
Foreign exchange forward contracts | $ | 0.4 |  |  | $ | (3.1) |  |  | $ | 0.4 |  |  | $ | (1.8) |
Interest rate swap contracts | — |  |  | (0.1) |  |  | (0.1) |  |  | 1.7 |
Net investment hedges | 22.1 |  |  | (16.2) |  |  | 12.2 |  |  | (52.9) |
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,
| 2024 |  | 2023 |  | 2024 |  | 2023
Foreign exchange forward contracts | $ | 0.4 |  |  | $ | (3.1) |  |  | $ | 0.4 |  |  | $ | (1.8) |
Interest rate swap contracts | — |  |  | (0.1) |  |  | (0.1) |  |  | 1.7 |
Net investment hedges | 22.1 |  |  | (16.2) |  |  | 12.2 |  |  | (52.9) |
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,
|  |  | 2024 |  |  |  | 2023
|  |  | Cost of sales |  | Interest expense, net |  |  |  | Cost of sales |  | Interest expense, net
Foreign exchange forward contracts: |  |  |  |  |  |  |  |  |  |  |
Amount of gain (loss) reclassified from AOCI into income |  |  | $ | (0.3) |  |  | $ | — |  |  |  |  | $ | 0.3 |  |  | $ | — |
Interest rate swap contracts: |  |  |  |  |  |  |  |  |  |  |
Amount of gain (loss) reclassified from AOCI into income |  |  | — |  |  | 0.4 |  |  |  |  | — |  |  | 1.2 |
Location and Amount of Gain (Loss) Recognized in Income on Cash Flow Hedging Relationships |  |  | Nine Months Ended March 31,
|  |  | 2024 |  |  |  | 2023
|  |  | Cost of sales |  | Interest expense, net |  |  |  | Cost of sales |  | Interest expense, net
Foreign exchange forward contracts: |  |  |  |  |  |  |  |  |  |  |
Amount of gain (loss) reclassified from AOCI into income |  |  | $ | (2.4) |  |  | $ | — |  |  |  |  | $ | (1.3) |  |  | $ | — |
Interest rate swap contracts: |  |  |  |  |  |  |  |  |  |  |
Amount of gain (loss) reclassified from AOCI into income |  |  | — |  |  | 1.6 |  |  |  |  | — |  |  | 7.9 |
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,
|  | 2024 |  | 2023 |  | 2024 |  | 2023
Foreign exchange contracts | Selling, general and administrative expenses | $ | — |  |  | $ | (4.6) |  |  | $ | (0.1) |  |  | $ | (4.7) |
Foreign exchange contracts | Interest expense, net | (23.1) |  |  | 14.7 |  |  | (20.4) |  |  | (64.6) |
Foreign exchange and forward repurchase contracts | Other income, net | (17.0) |  |  | 161.4 |  |  | (20.6) |  |  | 167.1 |

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