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BUSINESS COMBINATIONS (Tables)
 12 Months Ended
Jun. 30, 2016
Business Acquisition [Line Items]  
Schedule of consideration and purchase price allocation
The Company completed one acquisition during fiscal 2015:
Acquired entity
Date acquired
 
Purchase Price
 
Segment
Bourjois cosmetics brand ("Bourjois")
April 1, 2015
 
$
376.8

 
Color Cosmetics
The Company completed one material acquisition during fiscal 2016:
Acquired entity
Date acquired
 
Purchase Price
 
Segment
Beauty Business acquired from Hypermarcas S.A. (“Brazil Acquisition”)
February 1, 2016
 
$901.9
 
Brazil Acquisition
Brazilian Acquisition  
Business Acquisition [Line Items]  
Schedule of consideration and purchase price allocation
The following table summarizes the allocation of the purchase price to the net assets of the Brazil Acquisition as of February 1, 2016 (the acquisition date) including the impact of measurement period adjustments through the end of fiscal 2016:

 
Estimated
fair value as previously reported (a)
 
Measurement period adjustments (b)
 
Estimated
fair value as adjusted
 
Estimated
useful life
(in years)
Cash and cash equivalents
$
7.3

 
$
3.8

 
$
11.1

 
 
Inventories
50.2

 
(4.6
)
 
45.6

 
 
Property, plant and equipment
96.7

 
(1.3
)
 
95.4

 
2 - 40
Goodwill
496.8

 
56.9

 
553.7

 
Indefinite
Trademarks - indefinite
157.1

 
(10.0
)
 
147.1

 
Indefinite
Trademarks - finite
10.0

 
0.3

 
10.3

 
5 - 15
Customer relationships
108.2

 
(63.6
)
 
44.6

 
13 - 28
Product formulations
11.8

 
1.0

 
12.8

 
3
Other net working capital
4.7

 
(4.0
)
 
0.7

 
 
Net other assets
2.3

 
(0.2
)
 
2.1

 
 
Deferred tax liability, net
(46.1
)
 
24.6

 
(21.5
)
 
 
Total purchase price
$
899.0

 
$
2.9

 
$
901.9

 
 
 
 
(a)As previously reported in the Company’s Form 10-Q for the quarter ended March 31, 2016.
(b)The  measurement period adjustments principally relate to the final net working capital adjustments and  changes in the estimated fair values of certain assets and liabilities, primarily related to intangible assets and deferred income taxes as a result of new information on facts and circumstances that existed at the time of acquisition.
Business acquisition, pro forma information
The pro forma information for the fiscal years ended 2016 and 2015 are as follows:
 
Year Ended June 30,
 
2016
 
2015
Pro forma Net revenues
$
4,531.8

 
$
4,748.1

Pro forma Net income
207.7

 
278.8

Pro forma Net income attributable to Coty Inc.
185.4

 
251.9

Pro forma Net income attributable to Coty Inc. per common share
 
 
 
          Basic
$
0.54

 
$
0.71

          Diluted
$
0.52

 
$
0.69
Bourjois  
Business Acquisition [Line Items]  
Schedule of consideration and purchase price allocation
The following table summarizes the consideration and the allocation of the purchase price to the net assets acquired in the Bourjois acquisition:
Consideration:
 
Fair Value of Coty Inc. Class A Stock
$
376.8

Purchase price
$
376.8

Recognized amounts of identifiable assets and liabilities assumed:
 
Estimated
fair value
 
Estimated
useful life
(in years)
Cash
$
12.3

 
 
Inventories
31.5

 
 
Property and equipment
9.0

 
 
Goodwill
194.8

 
 
Trademark
112.0

 
Indefinite
Customer relationships
66.0

 
13-14
Product formulations
1.1

 
3
Net working capital
10.7

 
 
Net other assets/(liabilities)
(3.9)

 
 
Deferred tax liability, net
(56.7)

 
 
Total identifiable net assets:
$
376.8

 
 
Business acquisition, pro forma information
The unaudited pro forma financial information in the table below summarizes the combined results of operations of the Company and Bourjois, as though the companies had been combined on July 1, 2013, and gives effect to pro forma events that are: (1) directly attributable to the transaction, (2) factually supportable, and (3) expected to have a continuing impact on the combined results. The unaudited pro forma results include adjustments for non-recurring transaction costs (including distributor termination fees, transaction specific costs, and the amortization of the inventory step-up) and incremental intangible asset amortization to be incurred on a recurring basis, based on values of each identifiable intangible asset. Pro forma adjustments were tax-effected at the Company’s statutory rates. The pro forma Consolidated Statements of Operations is presented for informational purposes only and may not be indicative of the results of operations that would have been achieved if the acquisition had taken place on July 1, 2013 or that may occur in the future, and does not reflect future synergies, integration costs, or other such costs or savings. The pro forma financial information for fiscal 2015 and 2014 are as follows:
 
Year Ended June 30,
 
2015
 
2014
Pro forma Net revenues
$
4,553.2

 
$
4,788.7

Pro forma Net income (loss)
275.3

 
(77.0)
Pro forma Net income (loss) attributable to Coty Inc.
248.4

 
(110.2)
Pro forma Net income (loss) attributable to Coty Inc. per common share


 

          Basic
$
0.68

 
$
(0.28
)
          Diluted
$
0.66

 
$
(0.28
)