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BUSINESS COMBINATIONS (Tables)
 12 Months Ended
Jun. 30, 2017
Business Combinations [Abstract]  
Schedule of the allocation of the purchase price to net assets acquired
The following table summarizes the estimated allocation of the purchase price to the net assets of the P&G Beauty Business as of the October 1, 2016 acquisition date:
 
Estimated
fair value as previously reported(a)
 
Measurement period adjustments(b)
 
Estimated fair value adjusted
 
Estimated
useful life
(in years)
Cash and cash equivalents
$
387.6

 
$
—

 
$
387.6

 
 
Inventories
506.7

 
(41.2
)
 
465.5

 
 
Property, plant and equipment
770.4

 
(27.5
)
 
742.9

 
3 - 40
Goodwill
5,081.8

 
446.6

 
5,528.4

 
Indefinite
Trademarks — indefinite
1,890.0

 
(315.0
)
 
1,575.0

 
Indefinite
Trademarks — finite
879.1

 
(131.4
)
 
747.7

 
10 - 30
Customer relationships
1,795.8

 
(721.6
)
 
1,074.2

 
2 - 17
License agreements
1,836.0

 
463.0

 
2,299.0

 
10 - 30
Product formulations
183.8

 
—

 
183.8

 
5 - 29
Other net working capital
10.8

 
(34.0
)
 
(23.2
)
 
 
Net other assets
54.9

 
9.7

 
64.6

 
 
Unfavorable contract liabilities
(130.0
)
 
—

 
(130.0
)
 
 
Pension liabilities
(394.9
)
 
(9.2
)
 
(404.1
)
 
 
Deferred tax liability, net
(1,301.6
)
 
360.6

 
(941.0
)
 
 
Total purchase price
$
11,570.4

 
$
—

 
$
11,570.4

 
 
 
 
(a) As previously reported in the Company’s Quarterly Report on Form 10-Q for the quarter ended December 31, 2016. This was the quarter in which the business combination was completed.
(b) The measurement period adjustments related to indefinite- and finite-lived trademarks, Customer relationships and License agreements of $(705.0) were a result of changes in assumptions used for valuation purposes such as projected growth rates, profitability and discount rates. The decrease to net deferred tax liabilities was primarily a result of the decrease to intangible values. Additional measurement period adjustments were recorded as a result of further validating tangible assets, such as inventory and property, plant and equipment, based on obtaining new facts and circumstances about acquired assets and liabilities that existed at the acquisition date. All measurement period adjustments were offset against goodwill.
The following table summarizes the estimated allocation of the purchase price to the net assets of Younique as of the February 1, 2017 acquisition date:
 
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
$
17.5

 
$
—

 
$
17.5

 
 
Inventories
106.5

 
(18.4
)
 
88.1

 
 
Property, plant and equipment
64.1

 
3.0

 
67.1

 
3 - 7
Goodwill
559.5

 
15.8

 
575.3

 
Indefinite
Trademark — finite
121.0

 
2.0

 
123.0

 
20
Product formulations
0.6

 
—

 
0.6

 
5
Customer relationships
184.0

 
13.0

 
197.0

 
7 - 10
Other net working capital
(24.8
)
 
(2.9
)
 
(27.7
)
 
 
Short-term and long-term debt
(1.2
)
 
—

 
(1.2
)
 
 
Total equity value
1,027.2

 
12.5

 
1,039.7

 
 
 
 
 
 
 
 
 
 
Redeemable noncontrolling interest
410.9

 
5.0

 
415.9

 
 
Net cash and debt acquired
16.3

 
—

 
16.3

 
 
Total purchase price
$
600.0

 
$
7.5

 
$
607.5

 
 
 
 
(a)As previously reported in the Company’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2017. This was the quarter in which the business combination was completed.
(b) The Company recorded measurement period adjustments in the fourth quarter of fiscal 2017 due to obtaining new facts and circumstances about acquired assets and liabilities that existed at the acquisition date. The adjustments included a decrease in inventories of $18.4 and an increase in trademark — finite of $2.0 and customer relationships of $13.0. These adjustments were offset against goodwill.
The following table summarizes the estimated allocation of the purchase price to the net assets of ghd as of the November 21, 2016 acquisition date:
 
Estimated
fair value as previously reported(a)
 
Measurement period adjustments(b)
 
Estimated fair value adjusted
 
Estimated
useful life
(in years)
Cash and cash equivalents
$
7.1

 
$
—

 
$
7.1

 
 
Inventories
79.8

 
(0.2
)
 
79.6

 
 
Property, plant and equipment
11.3

 
(1.3
)
 
10.0

 
3 - 10
Goodwill
175.5

 
(1.1
)
 
174.4

 
Indefinite
Indefinite-lived other intangibles assets
163.8

 
—

 
163.8

 
Indefinite
Customer relationships
44.2

 
(7.6
)
 
36.6

 
11 - 24
Technology
138.6

 
8.0

 
146.6

 
11 - 16
Other net working capital
(7.4
)
 
(9.2
)
 
(16.6
)
 
 
Net other assets
0.9

 
—

 
0.9

 
 
Deferred tax liability, net
(75.3
)
 
11.4

 
(63.9
)
 
 
Total purchase price
$
538.5

 
$
—

 
$
538.5

 
 
 
 
(a) As previously reported in the Company’s Quarterly Report on Form 10-Q for the quarter ended December 31, 2016. This was the quarter in which the business combination was completed.
(b) The Company recorded measurement period adjustments in the third and fourth quarters of fiscal 2017 due to obtaining new facts and circumstances about acquired assets and liabilities that existed at the acquisition date. The adjustments included a decrease to customer relationships and deferred tax liability, net of $7.6 and $11.4, respectively and an increase to technology of $8.0 and a decrease in the estimated other net working capital of $(9.2) primarily related to accrued expenses as of the November 21, 2016 acquisition date. These adjustments were offset against goodwill.
The following table summarizes the allocation of the purchase price to the net assets acquired as of the February 1, 2016 acquisition date:
 
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
$
11.1

 
$
—

 
$
11.1

 
 
Inventories
45.6

 
—

 
45.6

 
 
Property, plant and equipment
95.4

 
—

 
95.4

 
2 - 40
Goodwill
553.7

 
(16.6
)
 
537.1

 
Indefinite
Trademarks — indefinite
147.1

 
—

 
147.1

 
Indefinite
Trademarks — finite
10.3

 
—

 
10.3

 
5 - 15
Customer relationships
44.6

 
—

 
44.6

 
13 - 28
Product formulations
12.8

 
—

 
12.8

 
3
Other net working capital
0.7

 
—

 
0.7

 
 
Net other assets
2.1

 
(0.7
)
 
1.4

 
 
Deferred tax liability, net
(21.5
)
 
17.3

 
(4.2
)
 
 
Total purchase price
$
901.9

 
$
—

 
$
901.9

 
 
 
 
(a)As previously reported in the Company’s Annual Report on Form 10-K for the fiscal year ended June 30, 2016. This was the fiscal year in which the business combination was completed.
(b) The Company recorded measurement period adjustments in the first quarter of fiscal 2017 to account for a $0.7 asset retirement obligation, as well as a net decrease in net deferred tax liability of $17.3 as of the February 1, 2016 acquisition date. These adjustments were offset against Goodwill.
Schedule of unaudited pro forma information
The pro forma information for the fiscal years ended 2017 and 2016, respectively, are as follows:
 
Year Ended June 30,
 
2017(a)
 
2016(b)
Pro forma Net revenues
$
8,889.2

 
$
8,219.6

Pro forma Net income
(111.9
)
 
159.1

Pro forma Net income attributable to Coty Inc.
(148.0
)
 
125.2

Pro forma Net income attributable to Coty Inc. per common share
 
 
 
          Basic
$
(0.20
)
 
$
0.17

          Diluted
$
(0.20
)
 
$
0.16

 
 
(a) For the twelve months ended June 30, 2017, the pro forma information excluded $465.4 of non-recurring acquisition-related costs and $89.6 of amortization of inventory step up, respectively.
(b) For the twelve months ended June 30, 2016, the pro forma information included $45.8 of non-recurring acquisition-related costs and $80.1 of amortization of inventory step up, respectively.