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NONCONTROLLING INTERESTS AND REDEEMABLE NONCONTROLLING INTERESTS (Tables)
 12 Months Ended
Jun. 30, 2015
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,
 
2015
 
2014
 
2013
 Net (loss) income attributable to Coty Inc.
$
232.5

 
$
(97.4
)
 
$
168.0

Decrease in APIC for purchase of Hong Kong NCI
—

 
(4.2
)
 
—

Net (loss) income attributable to Coty Inc. and transfers from NCI
$
232.5

 
$
(101.6
)
 
$
168.0
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.
On September 20, 2013, the Company gave notice to purchase 7% of a certain Middle East (M.E.) subsidiary. The Company and the RNCI holder amended the M.E. subsidiary’s Shareholders’ Agreement resulting in the Company recording an additional 7% interest in the M.E. subsidiary as of July 1, 2014 and consummated the purchase during the three months ended September 30, 2014 for a purchase price of $15.8 . The $15.8 is recorded as a reduction to Redeemable Noncontrolling Interest in the Company’s Consolidated Statements of Equity and Redeemable Noncontrolling Interests as of June 30, 2015. The purchase price of $15.8 was paid in full as of June 30, 2015. 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.
 
Middle East
 
Hong Kong
Percentage of redeemable noncontrolling interest
33%
 
45%
Earliest exercise date(s)
33.0% in July 2028
 
June 2016
Formula of redemption value(a)
3-year average
 
3-year average
 
of EBIT(b) * 6
 
of EBIT(b) * 8 plus
 
 
 
retained earnings less
 
 
 
liabilities(c)
 
 
(a)  
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.
(b) 
EBIT is defined in the respective stockholder agreements as earnings before interest and income taxes.
(c) 
Liabilities are defined in the stockholder agreement as all financial indebtedness except bank overdraft required for normalized trading working capital.