EQUITY

Common Stock

As of September 30, 2017, the Company’s common stock consisted of Class A Common Stock with a par value of $0.01 per share. The holders of Class A Common Stock are entitled to one vote per share. As of September 30, 2017, total authorized shares of Class A Common Stock was 1,000.0 million and total outstanding shares of Class A Common Stock was 749.4 million.

The Company’s largest stockholder is JAB Cosmetics B.V. (“JABC”), which owns approximately 37% of Coty’s Class A shares as of September 30, 2017. Both JABC and the shares of the Company held by JABC are indirectly controlled by Lucresca SE, Agnaten SE and JAB Holdings B.V. (“JAB”). During the quarter ended September 30, 2017, JABC acquired 2.6 million shares of Class A Common Stock in open market purchases on the New York Stock Exchange. The Company did not receive any proceeds from these stock purchases conducted by JABC.

Preferred Stock

As of September 30, 2017, total authorized shares of preferred stock are 20.0 million. The only class of Preferred Stock that is outstanding as of September 30, 2017 is the Series A Preferred Stock. As of September 30, 2017, total authorized shares of Series A Preferred Stock are 6.5 million and total outstanding shares of Series A Preferred Stock are 4.2 million. As of September 30, 2017, the Company’s preferred stock consisted of Series A Preferred Stock with a par value of $0.01 per share. The Series A Preferred Stock is not entitled to receive any dividends and has no voting rights except as required by law. Series A Preferred Stock were accounted for partially as a liability and partially as equity as of September 30, 2017.

Of the 4.2 million outstanding shares of Series A Preferred Stock, 1.0 million shares vested on March 27, 2017, 1.7 million shares vest on April 15, 2020, 1.0 million shares vest on November 25, 2021 and 0.5 million shares vest on February 16, 2022. As of September 30, 2017, the Company classified $1.6 Series A Preferred Stock as equity, and $4.1 as a liability recorded in Other noncurrent liabilities in the Condensed Consolidated Balance Sheet.

Treasury Stock - Share Repurchase Program

On February 3, 2016, the Board authorized the Company to repurchase up to $500.0 of its Class A Common Stock (the “Incremental Repurchase Program”). Subject to certain restrictions on repurchases of shares through September 30, 2018 imposed by the tax matters agreement, dated October 1, 2016, as amended, between the Company and P&G entered into in connection with the P&G Beauty Business acquisition, repurchases may be made from time to time at the Company’s discretion, based on ongoing assessments of the capital needs of the business, the market price of its Class A Common Stock, and general market conditions. For the three months ended September 30, 2017, the Company did not repurchase any shares of its Class A Common Stock. As of September 30, 2017, the Company had $396.8 remaining under the Incremental Repurchase Program.

Dividends

On August 22, 2017, the Company declared a quarterly cash dividend of $0.125 per share, or $94.4 on its Class A Common Stock, restricted stock units (the “RSUs”) and phantom units. Of the $94.4, $93.6 was paid on September 14, 2017 to holders of record of Class A Common Stock on September 1, 2017. The remaining $0.8 is payable upon settlement of the RSUs and phantom units outstanding as of September 1, 2017.

The Company decreased the dividend accrual recorded in a prior period by $0.7 to adjust for the payment of previously accrued dividends on RSUs that vested during the quarter. Additionally, the Company decreased the dividend accrual recorded in a prior period by $0.1 to adjust for accrued dividends on RSUs no longer expected to vest, which was recorded as an increase to APIC in the Condensed Consolidated Balance Sheet as of September 30, 2017. Total accrued dividends on unvested RSUs and phantom units of $1.0 and $3.2 are included in Accrued expense and other current liabilities and Other noncurrent liabilities, respectively, in the Condensed Consolidated Balance Sheet as of September 30, 2017.

Accumulated Other Comprehensive Income (Loss)



				Foreign Currency Translation Adjustments
	Gain (Loss) on Cash Flow Hedges			Loss on Net Investment Hedges			Other Foreign Currency Translation Adjustments			Pension and Other Post-Employment Benefit Plans		Total
Balance—July 1, 2017	$	12.6		$	(23.7	)	$	(20.8	)	$	36.3	$	4.4
Other comprehensive (loss) income before reclassifications	—			(22.1		)	260.6			0.7		239.2
Net amounts reclassified from AOCI/(L)	(0.1		)	—			—			—		(0.1		)
Net current-period other comprehensive (loss) income	(0.1		)	(22.1		)	260.6			0.7		239.1
Balance—September 30, 2017	$	12.5		$	(45.8	)	$	239.8		$	37.0	$	243.5



				Foreign Currency Translation Adjustments
	Gain (Loss) on Cash Flow Hedges			Loss on Net Investment Hedges			Other Foreign Currency Translation Adjustments			Pension and Other Post-Employment Benefit Plans			Total
Balance—July 1, 2016	$	(28.9	)	$	(2.5	)	$	(164.0	)	$	(44.3	)	$	(239.7	)
Other comprehensive (loss) income before reclassifications	5.7			(7.8		)	1.9			2.1			1.9
Net amounts reclassified from AOCI/(L)	2.8			—			—			3.1			5.9
Net current-period other comprehensive (loss) income	8.5			(7.8		)	1.9			5.2			7.8
Balance—September 30, 2016	$	(20.4	)	$	(10.3	)	$	(162.1	)	$	(39.1	)	$	(231.9	)