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NONCONTROLLING INTERESTS (Tables)
 12 Months Ended
Jun. 30, 2014
Noncontrolling Interest [Abstract]  
The effect of the change in the ownership percentage of the NCI on net income attributable to Coty Inc.
The effect of the change in the ownership percentage of the NCI on Net income attributable to Coty Inc. is presented below:
 
Year Ended June 30,
 
2014
 
2013
 
2012
 
 
 
 
 
 
 Net (loss) income attributable to Coty Inc.
$
(97.4
)
 
$
168.0

 
$
(324.4
)
 
 
 
 
 
 
Decrease in APIC for purchase of Greece NCI
—

 
—

 
(6.6
)
 
 
 
 
 
 
Decrease in APIC for purchase of Hong Kong NCI
(4.2
)
 
—

 
—

 
 
 
 
 
 
Net (loss) income attributable to Coty Inc. and transfers from NCI
$
(101.6
)
 
$
168.0

 
$
(331.0
)
Redeemable noncontrolling interest redemption adjustments
The Company adjusts the redeemable noncontrolling interests to the redemption values at the end of each reporting period with changes recognized as adjustments to APIC.
 
Middle East
 
Hong Kong
Percentage of redeemable noncontrolling interest
40%
 
45%
Earliest exercise date(s)
7.0% in July 2014(a);
 
June 2016
 
remaining 33.0% or
 
 
 
entire 40.0% in July 2029
 
 
Formula of redemption value(b)
3-year average
 
3-year average
 
of EBIT(c) * 6
 
of EBIT(c) * 8 plus
 
 
 
retained earnings less
 
 
 
liabilities(d)
 
 
(a)  
The Company exercised its Call right on September 20, 2013 to purchase 7% of the Middle East subsidiary. The Company and the NCI holder amended the Shareholders' Agreement so that effective July 1, 2014, the Company will record its purchase of the additional 7% interest in the Coty M.E. subsidiary as of July 1, 2014. The Company expects to consummate the purchase during the first quarter of fiscal 2015 for a purchase price of $16.2. The Company also has the ability to exercise the Call right for the remaining noncontrolling interest of 33% on July 1, 2028, with such transaction to close on July 1, 2029.
(b) 
The redemption value formula related to Hong Kong is subject to a 110% of three year’s averaged net sales cap and net asset value minimum.
(c) 
EBIT is defined in the respective stockholder agreements as earnings before interest and income taxes.
(d) 
Liabilities are defined in the stockholder agreement as all financial indebtedness except bank overdraft required for normalized trading working capital.