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BUSINESS COMBINATIONS (Tables)
 12 Months Ended
Jun. 30, 2018
Business Combinations [Abstract]  
Schedule of the allocation of the purchase price to net assets acquired
The following table summarizes the 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)
 
Final fair value
as 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

 
24.6

 
199.0

 
Indefinite
Indefinite-lived other intangible assets
163.8

 
(14.8
)
 
149.0

 
Indefinite
Customer relationships
36.6

 
(2.3
)
 
34.3

 
11 - 25
Technology
146.6

 
(17.2
)
 
129.4

 
11 - 17
Other net working capital
(16.6
)
 
4.7

 
(11.9
)
 
 
Net other assets
0.9

 
(0.9
)
 
—

 
 
Deferred tax liability, net
(63.9
)
 
5.9

 
(58.0
)
 
 
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 half of fiscal 2018. The measurement period adjustments related to decreases to Technology, Indefinite-lived other intangible assets and Customer relationships of $17.2, $14.8 and $2.3, respectively, and a decrease to the deferred tax liability of $5.9 were a result of changes in assumptions that were used at the date of acquisition for valuation purposes. The measurement period adjustments related to Other net working capital of $4.7 were a result of obtaining new facts and circumstances about acquired accrued expenses that existed as of the acquisition date. All measurement period adjustments were offset against Goodwill.
The following table summarizes the 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)
 
Final fair value
as 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 - 8
Goodwill
575.3

 
(0.3
)
 
575.0

 
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
)
 
0.3

 
(27.4
)
 
 
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 nine months ended March 31, 2018 to account for an increase in the estimated other net working capital of $0.3 as of the February 1, 2017 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
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 related to obtaining new facts and circumstances about acquired assets and liabilities that existed at the acquisition date. The increase 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 allocation of the purchase price to the net assets acquired as of the February 1, 2016 acquisition date:
 
Final
fair value
 
Estimated
useful life
(in years)
Cash and cash equivalents
$
11.1

 
 
Inventories
45.6

 
 
Property, plant and equipment
95.4

 
2 - 40
Goodwill
537.1

 
Indefinite
Trademarks — indefinite
147.1

 
Indefinite
Trademarks — finite
10.3

 
5 - 15
Customer relationships
44.6

 
13 - 28
Product formulations
12.8

 
3
Other net working capital
0.7

 
 
Net other assets
1.4

 
 
Deferred tax liability, net
(4.2
)
 
 
Total purchase price
$
901.9

 
 
The following table summarizes the estimated allocation of the purchase price to the net assets of the Burberry Beauty Business as of the October 2, 2017 acquisition date:
 
Estimated
fair value as
previously
reported (a)
 
Measurement
period
adjustments (b)
 
Estimated fair
value as
adjusted
 
Estimated
useful life
(in years)
Inventories
$
55.1

 
$
(7.2
)
 
$
47.9

 
 
Property, plant and equipment
5.8

 
—

 
$
5.8

 
1 - 3
License and distribution rights
129.7

 
48.1

 
$
177.8

 
3 - 15
Goodwill
68.2

 
(33.3
)
 
$
34.9

 
 Indefinite
Net other liabilities
(8.7
)
 
(1.4
)
 
$
(10.1
)
 
 
Total purchase price
$
250.1

 
$
6.2

 
$
256.3

 
 
 
 
(a) As previously reported in the Company’s Quarterly Report on Form 10-Q for the quarter ended December 31, 2018.
(b) The Company recorded measurement period adjustments in the third and fourth quarters of fiscal 2018. The measurement period adjustments related to an increase in the value of the License and distribution rights and a decrease in the Inventory value were due to changes in assumptions that were used at the date of acquisition for valuation purposes. The measurement period adjustment related to an increase in net other liabilities acquired was a result of obtaining new facts and circumstances about acquired accrued expenses that existed as of the acquisition date. In addition, the Company adjusted the estimate of contingent consideration payments due to the seller based on gathering additional information about facts and circumstances that existed at the acquisition date regarding the acquired inventory for which the contingent payments are based. All measurement period 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 (loss) income
(101.2
)
 
171.2

Pro forma Net (loss) income attributable to Coty Inc.
(142.7
)
 
135.5

Pro forma Net (loss) income attributable to Coty Inc. per common share
 
 
 
          Basic
$
(0.19
)
 
$
0.18

          Diluted
$
(0.19
)
 
$
0.18

 
 
(a) For the twelve months ended June 30, 2017, the pro forma information excluded $476.3 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.