SEGMENT REPORTING

3 Months Ended

Sep. 30, 2016

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.

The Company’s operating and reportable segments are Fragrances, Color Cosmetics, Skin & Body Care and Brazil Acquisition (also referred to as “segments”). The reportable segments represent the Company’s product groupings other than the Brazil Acquisition segment. The Brazil Acquisition reportable segment represents revenues and expenses generated from multiple product groupings such as skin care, nail care, deodorants, and hair care products which are principally sold within Brazil. The items within Corporate relate to corporate-based responsibilities and decisions and are not used by the CODM to measure the underlying performance of the segments. Corporate primarily includes a component of share-based compensation expense, restructuring costs, costs related to acquisition activities and certain other expense items not attributable to ongoing operating activities of the segments.

	Three Months Ended September 30,
SEGMENT DATA	2016			2015
Net revenues:
Fragrances	$	492.6		$	548.1
Color Cosmetics	352.7			390.9
Skin & Body Care	161.9			173.3
Brazil Acquisition	73.0			—
Total	$	1,080.2		$	1,112.3
Operating income:
Fragrances	$	94.2		$	108.9
Color Cosmetics	35.3			57.7
Skin & Body Care	11.5			6.8
Brazil Acquisition	4.2			—
Corporate	(98.8		)	(91.7		)
Total	$	46.4		$	81.7
Reconciliation:
Operating income	$	46.4		$	81.7
Interest expense, net	40.4			16.0
Other expense (income), net	1.3			(0.3		)
Income before income taxes	$	4.7		$	66.0

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

	Three Months Ended September 30,
PRODUCT CATEGORY	2016		2015
Fragrances:
Designer	35.8	%	38.0	%
Lifestyle	5.8		6.0
Celebrity	4.0		5.3
Total	45.6	%	49.3	%
Color Cosmetics:
Nail Care	13.9	%	15.1	%
Other Color Cosmetics	18.7		20.0
Total	32.6	%	35.1	%
Skin & Body Care:
Body Care	9.6	%	10.6	%
Skin Care	5.4		5.0
Total	15.0	%	15.6	%
Brazil Acquisition:
Total	6.8	%	—	%
Total	100.0	%	100.0	%