FAIR VALUE MEASUREMENTS (Tables)

9 Months Ended

Mar. 31, 2014

Fair Value Disclosures [Abstract]

Financial assets and liabilities measured at fair value on recurring basis

The financial assets and liabilities that the Company measures at fair value on a recurring basis based on the fair value hierarchy, as of March 31, 2014 and June 30, 2013 are presented below:

	Level 1				Level 2						Level 3
	March 31, 2014		June 30, 2013		March 31, 2014			June 30, 2013			March 31, 2014			June 30, 2013
Financial assets and liabilities
Recurring fair value measurements
Assets:
Foreign exchange contracts	$	—	$	—	$	3.4		$	0.6		$	—		$	—
Liabilities:
Foreign exchange contracts	$	—	$	—	$	4.0		$	0.8		$	—		$	—
Contingent consideration - business combination	—		—		—			—			1.1			—
Total Liabilities	$	—	$	—	$	4.0		$	0.8		$	1.1		$	—
Total recurring fair value measurements	$	—	$	—	$	(0.6	)	$	(0.2	)	$	(1.1	)	$	—

Reconciliation of Level 3 liabilities recorded at fair value

The reconciliation of Level 3 liabilities recorded at fair value for the nine months ended March 31, 2014 is presented below. There were no Level 3 assets or liabilities recorded at fair value for the nine months ended March 31, 2013.

	2014
Contingent consideration - business combination:
Fair Value - July 1	$	—
Additions	1.1
Realized gains	—
Effect of exchange rates	—
Transfers out of Level 3	—
Fair value - March 31	$	1.1

Fair value of financial instruments

The fair values of the Company’s financial instruments estimated as of March 31, 2014 and June 30, 2013 are presented below:

	March 31, 2014				June 30, 2013
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
Coty Inc. Credit Facility	$	2,241.0	$	2,235.6	$	2,095.0	$	2,086.1
Senior Notes - Series A	100.0		110.2		100.0		108.3
Senior Notes - Series B	225.0		251.9		225.0		244.4
Senior Notes - Series C	175.0		194.1		175.0		190.0
Dividends payable	0.9		0.7		0.4		0.3