RESTRUCTURING COSTS

Restructuring costs for the three and six months ended December 31, 2017 and 2016 are presented below:



	Three Months Ended December 31,					Six Months Ended December 31,
	2017			2016		2017			2016
Global Integration Activities	$	27.1		$	13.6	$	36.9		$	13.6
Acquisition Integration Program	(3.3		)	1.4		(3.3		)	4.6
Other Restructuring	(2.1		)	0.8		(0.7		)	5.0
Total	$	21.7		$	15.8	$	32.9		$	23.2

Global Integration Activities

In connection with the acquisition of the P&G Beauty Business, the Company has incurred and anticipates that it will continue to incur restructuring and related costs aimed at integrating and optimizing the combined organization (“Global Integration Activities”).

Of the expected costs, the Company has incurred cumulative restructuring charges of $401.1 related to approved initiatives through December 31, 2017, which have been recorded in Corporate. The following table presents aggregate restructuring charges for the program:



	Severance and Employee Benefits		Third-Party Contract Terminations		Fixed Asset Write-offs		Other Exit Costs		Total
Fiscal 2017	$	333.9	$	22.4	$	4.6	$	3.3	$	364.2
Fiscal 2018	24.2		9.4		0.2		3.1		36.9
Cumulative through December 31, 2017	$	358.1	$	31.8	$	4.8	$	6.4	$	401.1

Over the next two fiscal years, the Company expects to incur approximately $130.0 of additional restructuring charges pertaining to the approved actions. Of the $130.0 of additional restructuring charges, the Company currently anticipates spending equal amounts related to employee termination benefits, fixed asset write-offs, third-party contract terminations and other costs to exit facilities and relocate employees.

The related liability balance and activity for the Global Integration Activities restructuring costs are presented below:



	Severance and Employee Benefits			Third-Party Contract Terminations			Fixed Asset Write-offs			Other Exit Costs			Total Program Costs
Balance—July 1, 2017	$	310.8		$	14.9		$	—		$	2.8		$	328.5
Restructuring charges	30.4			9.4			0.2			3.1			43.1
Payments	(68.0		)	(5.4		)	—			(2.4		)	(75.8		)
Changes in estimates	(6.2		)	—			—			—			(6.2		)
Non-cash utilization	—			—			(0.2		)	—			(0.2		)
Effect of exchange rates	17.4			(0.1		)	—			—			17.3
Balance—December 31, 2017	$	284.4		$	18.8		$	—		$	3.5		$	306.7

The Company currently estimates that the total remaining accrual of $306.7 will result in cash expenditures of approximately $161.8, $135.5, $8.2 and $1.2 in fiscal 2018, 2019, 2020 and 2021, respectively.

Acquisition Integration Program

In the first quarter of fiscal 2016, the Company’s Board of Directors (the “Board”) approved an expansion to a restructuring program in connection with the acquisition of Bourjois (the “Acquisition Integration Program”). Actions associated with the program were initiated after the acquisition of Bourjois and were substantially completed during fiscal 2017 with cash payments continuing through fiscal 2020. The Company incurred $56.6 of restructuring costs life-to-date as of December 31, 2017, which have been recorded in Corporate.

The related liability balance and activity for the Acquisition Integration Program costs are presented below:



	Severance and Employee Benefits			Third-Party Contract Terminations		Other Exit Costs			Total Program Costs
Balance—July 1, 2017	$	24.8		$	1.5	$	4.1		$	30.4
Restructuring charges	—			—		2.1			2.1
Payments	(16.5		)	—		(1.2		)	(17.7		)
Changes in estimates^(a)	(5.4		)	—		—			(5.4		)
Effect of exchange rates	0.8			—		0.2			1.0
Balance—December 31, 2017	$	3.7		$	1.5	$	5.2		$	10.4

^(a)The decrease in severance and employee benefits is primarily attributable to favorable settlements with restructured employees.

The Company currently estimates that the total remaining accrual of $10.4 will result in cash expenditures of approximately $6.2, $2.6 and $1.6 in fiscal 2018, 2019 and 2020, respectively.

Other Restructuring

The Company executed a number of other restructuring activities during 2013 and 2014, which focused primarily on work-force reductions around a new organizational structure, and other productivity initiatives related to the integration of supply chain and selling activities. These programs are substantially completed. The Company incurred expenses of $(0.7) and $5.0 during the six months ended December 31, 2017 and 2016, respectively. The related liability balances were $4.7 and $10.1 at December 31, 2017 and June 30, 2017, respectively. The Company currently estimates that the total remaining accrual of $4.7 will result in cash expenditures in fiscal 2018.

In connection with the acquisition of the P&G Beauty Business, the Company assumed restructuring liabilities of approximately $21.7 at October 1, 2016. The Company estimates that the remaining accrual of $12.0 at December 31, 2017 will result in cash expenditures of $6.2, $4.6 and $1.2 in fiscal 2018, 2019 and 2020, respectively.