DEBT (Tables)

9 Months Ended

Mar. 31, 2017

Debt Disclosure [Abstract]

Schedule of debt

The Company’s debt balances consisted of the following as of March 31, 2017 and June 30, 2016, respectively:

	March 31, 2017			June 30, 2016
Short-term debt	$	3.4		$	19.8
Galleria Credit Agreement
Galleria Revolving Credit Facility due September 2021	—			—
Galleria Term Loan A Facility due September 2021	944.3			—
Galleria Term Loan B Facility due September 2023	1,000.0			—
Coty Credit Agreement
Coty Revolving Credit Facility due October 2020	825.0			670.0
Coty Term Loan A Facility due October 2020	1,806.3			1,883.6
Coty Term Loan A Facility due October 2021	962.8			—
Coty Term Loan B Facility due October 2022	1,641.6			1,596.0
Other long-term debt and capital lease obligations	1.4			0.7
Total debt	7,184.8			4,170.1
Less: Short-term debt and current portion of long-term debt	(193.0		)	(161.8		)
Total Long-term debt	6,991.8			4,008.3
Less: Unamortized debt issuance costs (a) (b)	(71.7		)	(64.6		)
Less: Discount on Long-term debt	(10.8		)	(7.3		)
Total Long-term debt, net	$	6,909.3		$	3,936.4

^(a) Consists of unamortized debt issuance costs of $18.8 and $22.7 for the Coty Revolving Credit Facility, $34.9 and $30.3 for the Coty Term Loan A Facility and $11.6 and $11.6 for the Coty Term Loan B Facility as of March 31, 2017 and June 30, 2016, respectively.

^(b) Consists of unamortized debt issuance costs of $3.1 and $0.0 for the Galleria Term Loan A Facility and $3.3 and $0.0 for the Galleria Term Loan B Facility as of March 31, 2017 and June 30, 2016, respectively. Unamortized debt issuance costs of $4.9 for the Galleria Revolving Credit Facility were classified as Other noncurrent assets in the Condensed Consolidated Balance Sheets as of March 31, 2017.

Schedule of line of credit facilities

In the case of the Galleria Term Loan A Facility and Galleria Revolving Facility, the applicable margin means a percentage per annum to be determined in accordance with a leverage-based pricing grid below:

Pricing Tier	Total Net Leverage Ratio:	LIBOR plus:	Alternative Base Rate Margin:
1.0	Greater than or equal to 5.00:1	2.000%	1.000%
2.0	Less than 5.00:1 but greater than or equal to 4.00:1	1.750%	0.750%
3.0	Less than 4.00:1 but greater than or equal to 2.75:1	1.500%	0.500%
4.0	Less than 2.75:1 but greater than or equal to 2.00:1	1.250%	0.250%
5.0	Less than 2.00:1 but greater than or equal to 1.50:1	1.125%	0.125%
6.0	Less than 1.50:1	1.000%	—%

Fair value of long-term debt

Fair Value of Debt

	March 31, 2017				June 30, 2016
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
Galleria Credit Agreement	$	1,944.3	$	1,949.0	$	—	$	—
Coty Credit Agreement	5,235.7		5,244.9		4,149.6		4,106.9

Schedule of maturities of long-term debt

Aggregate maturities of the Company’s long-term debt, including current portion of long-term debt and excluding capital lease obligations as of March 31, 2017, are presented below:

Fiscal Year Ending June 30
2017, remaining	$	40.0
2018	203.2
2019	217.5
2020	217.5
2021	2,445.2
Thereafter	4,056.6
Total	$	7,180.0