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BUSINESS COMBINATIONS (Tables)
 3 Months Ended
Sep. 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 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
79.6

 
—

 
79.6

 
 
Property, plant and equipment
10.0

 
—

 
10.0

 
3 - 10
Goodwill
174.4

 
(4.1
)
 
170.3

 
Indefinite
Indefinite-lived other intangibles assets
163.8

 
—

 
163.8

 
Indefinite
Customer relationships
36.6

 
—

 
36.6

 
11 - 24
Technology
146.6

 
—

 
146.6

 
11 - 16
Other net working capital
(16.6
)
 
4.1

 
(12.5
)
 
 
Net other assets
0.9

 
—

 
0.9

 
 
Deferred tax liability, net
(63.9
)
 
—

 
(63.9
)
 
 
Total purchase price
$
538.5

 
$
—

 
$
538.5

 
 
 
 
(a) As previously reported in the Company’s Annual Report on Form 10-K for the fiscal year ended June 30, 2017. The business combination was completed in fiscal 2017.
(b) The Company recorded measurement period adjustments in the first quarter of fiscal 2018 to account for an increase in the estimated other net working capital of $4.1 as of the November 21, 2016 acquisition date. This adjustment is offset against Goodwill.
The following table summarizes the 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)
 
Final fair value as adjusted
 
Estimated
useful life
(in years)
Cash and cash equivalents
$
387.6

 
$
—

 
$
387.6

 
 
Inventories
465.5

 
—

 
465.5

 
 
Property, plant and equipment
742.9

 
(16.9
)
 
726.0

 
3 - 40
Goodwill
5,528.4

 
35.5

 
5,563.9

 
Indefinite
Trademarks — indefinite
1,575.0

 
—

 
1,575.0

 
Indefinite
Trademarks — finite
747.7

 
—

 
747.7

 
10 - 30
Customer relationships
1,074.2

 
18.8

 
1,093.0

 
2 - 26
License agreements
2,299.0

 
12.0

 
2,311.0

 
4 - 30
Product formulations
183.8

 
(10.0
)
 
173.8

 
5 - 28
Other net working capital
(23.2
)
 
—

 
(23.2
)
 
 
Net other assets (liabilities)
64.6

 
(33.7
)
 
30.9

 
 
Unfavorable contract liabilities
(130.0
)
 
—

 
(130.0
)
 
 
Pension liabilities
(404.1
)
 
—

 
(404.1
)
 
 
Deferred tax liability, net
(941.0
)
 
(5.7
)
 
(946.7
)
 
 
Total purchase price
$
11,570.4

 
$
—

 
$
11,570.4

 
 
 
 
(a) As previously reported in the Company’s Annual Report on Form 10-K for the fiscal year ended June 30, 2017. The business combination was completed in fiscal 2017.
(b) The Company recorded measurement period adjustments in the first quarter of fiscal 2018. The measurement period adjustments related to Customer relationships, License agreements and Product formulations, collectively, of $20.8, were a result of changes in assumptions that were used at the date of acquisition for valuation purposes including allocation of costs and synergies. The measurement period adjustments related to Property, plant and equipment and Net other assets of ($16.9) and ($33.7), respectively, primarily relate to obtaining new facts and circumstances about acquired assets and liabilities that existed at the acquisition date. The decrease to Deferred tax liability, net was primarily a result of the change of the jurisdictional allocation of the tangible and intangible assets. 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 adjusted
 
Estimated useful life (in years)
Cash and cash equivalents
$
17.5

 
$
—

 
$
17.5

 
 
Inventories
88.1

 
—

 
88.1

 
 
Property, plant and equipment
67.1

 
—

 
67.1

 
3 - 7
Goodwill
575.3

 
0.8

 
576.1

 
Indefinite
Trademark — finite
123.0

 
—

 
123.0

 
20
Product formulations
0.6

 
—

 
0.6

 
5
Customer relationships
197.0

 
—

 
197.0

 
7 - 10
Other net working capital
(27.7
)
 
(0.8
)
 
(28.5
)
 
 
Short-term and long-term debt
(1.2
)
 
—

 
(1.2
)
 
 
Total equity value
1,039.7

 
—

 
1,039.7

 
 
 
 
 
 
 
 
 
 
Redeemable noncontrolling interest
415.9

 
—

 
415.9

 
 
Net cash and debt acquired
16.3

 
—

 
16.3

 
 
Total purchase price
$
607.5

 
$
—

 
$
607.5

 
 
 
 
(a) As previously reported in the Company’s Annual Report on Form 10-K for the fiscal year ended June 30, 2017. The business combination was completed in fiscal 2017.
(b) The Company recorded measurement period adjustments in the first quarter of fiscal 2018 to account for a decrease in the estimated other net working capital of $0.8 as of the February 1, 2017 acquisition date. This adjustment is offset against Goodwill.
Schedule of unaudited pro forma information
The pro forma information for the three months ended September 30, 2016 is as follows:
 
Three Months Ended
September 30,


2016 (a)
Pro forma Net revenues
$
2,189.6

Pro forma Net income (loss)
(47.1
)
Pro forma Net income (loss) attributable to Coty Inc.
(55.7
)
Pro forma Net income (loss) attributable to Coty Inc. per common share:
 
          Basic
$
(0.07
)
          Diluted
$
(0.07
)
 
 
(a) For the three months ended September 30, 2016, the pro forma information excluded $181.1 of non-recurring acquisition-related costs.