SEGMENT REPORTING

9 Months Ended

Mar. 31, 2015

Segment Reporting [Abstract]

Segment Reporting

SEGMENT REPORTING

Operating segments include components of the enterprise for which separate financial information is available and evaluated regularly by the chief operating decision maker (“CODM”) in deciding how to allocate resources and assess performance. The Company has designated its Chief Executive Officer as the CODM.

During the first quarter of fiscal 2015, the Company evaluated the impact of the Organizational Redesign restructuring program (see Note 4) on the determination of its operating segments and reporting units. The Company concluded that its operating and reportable segments continue to be Fragrances, Color Cosmetics and Skin & Body Care (also referred to as “segments”). However, based on the organizational changes that result from the Organizational Redesign and the impact on the information used by the CODM, the Company reclassified the revenues and costs associated with one brand from the Fragrances to the Skin & Body Care operating segment. Revenue and cost relating to a brand that generates revenues from more than one of the Company’s product categories are allocated in their entirety to one of the operating segments based on the information used by the CODM, its organizational structure, and the product category that is deemed to be the strategic priority for the brand.

	Three Months Ended March 31,						Nine Months Ended March 31,
SEGMENT DATA	2015			2014			2015			2014
Net revenues:
Fragrances	$	431.3		$	476.1		$	1,763.9		$	1,863.5
Color Cosmetics	336.6			344.9			1,021.2			990.6
Skin & Body Care	165.9			187.7			590.6			656.0
Total	$	933.8		$	1,008.7		$	3,375.7		$	3,510.1
Operating income (loss):
Fragrances	$	59.0		$	54.5		$	325.0		$	333.7
Color Cosmetics	39.3			36.7			121.8			107.2
Skin & Body Care	21.8			(326.7		)	40.6			(307.0		)
Corporate	(5.4		)	(36.5		)	(68.9		)	(96.8		)
Total	$	114.7		$	(272.0	)	$	418.5		$	37.1
Reconciliation:
Operating income (loss)	$	114.7		$	(272.0	)	$	418.5		$	37.1
Interest expense, net	17.6			17.3			56.3			51.4
Loss on early extinguishment of debt	—			—			88.8			—
Other income, net	(0.5		)	(2.1		)	(0.2		)	(2.3		)
Income (loss) before income taxes	$	97.6		$	(287.2	)	$	273.6		$	(12.0	)

Within the Company’s reportable segments, product categories exceeding 5% of consolidated net revenues are presented below:

	Three Months Ended March 31,				Nine Months Ended March 31,
PRODUCT CATEGORY	2015		2014		2015		2014
Fragrances:
Designer	34.9	%	35.4	%	38.6	%	38.9	%
Lifestyle	6.4		7.2		7.6		7.7
Celebrity	4.9		4.6		6.0		6.5
Total	46.2	%	47.2	%	52.2	%	53.1	%
Color Cosmetics:
Nail Care	16.8	%	15.8	%	13.8	%	12.9	%
Other Color Cosmetics	19.2		18.4		16.5		15.3
Total	36.0	%	34.2	%	30.3	%	28.2	%
Skin & Body Care:
Body Care	8.9	%	10.6	%	11.2	%	12.6	%
Skin Care	8.9		8.0		6.3		6.1
Total	17.8	%	18.6	%	17.5	%	18.7	%
Total	100.0	%	100.0	%	100.0	%	100.0	%