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RESTRUCTURING COSTS

3 Months Ended

Sep. 30, 2013

Restructuring and Related Activities [Abstract]

Restructuring and Related Activities Disclosure [Text Block]

5. RESTRUCTURING COSTS

Productivity Program

During the fourth quarter of fiscal 2013, the Company’s Board of Directors approved a number of business integration and productivity initiatives aimed at enhancing long-term operating margins (the “Productivity Program”). Such activities primarily relate to integration of supply chain and selling activities within the Skin & Body Care segment, as well as certain commercial organization re-design activities, primarily in Europe, and optimization of selected administrative support functions.

The Company anticipates completing the implementation of all project activities by fiscal 2016. The total charge associated with the Productivity Program is expected to be approximately $70.0 to $75.0, of which $26.9 has been incurred through September 30, 2013.

The related liability balance and activity for the restructuring costs are presented below:

	Severance and Employee Benefits			Third-Party Contract Terminations			Other Exit Costs		Total Program Costs
Balance—July 1, 2013	$	21.7		$	0.4		$	0.1	$	22.2
Restructuring charges		1.5			0.1			—		1.6
Payments		(5.2	)		(0.1	)		—		(5.3	)
Foreign currency translation		0.2			—			—		0.2
Balance—September 30, 2013		18.2			0.4			0.1		18.7

The Company currently estimates that the total remaining accrual of $18.7 will result in cash expenditures of approximately $13.7, $2.0 and $3.0 in fiscal 2014, 2015 and 2016, respectively.

Service Agreement Termination

During fiscal 2013, a service agreement in which the Company provided selected selling, distribution, and administrative services throughout North America in return for a commission based fee expired and was not renewed. The fees from the agreement comprised an insignificant portion of revenue. As a result of the service agreement termination, the Company eliminated several positions and reduced certain other support activities.

The related liability balance and activity for the restructuring charges are presented below:

	Severance and Employee Benefits
Balance—July 1, 2013	$	3.7
Payments		(0.9	)
Balance—September 30, 2013		2.8

The Company expects to pay the remaining accrual of $2.8 primarily during fiscal 2014.

- Definition

The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled.

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