RESTRUCTURING COSTS

Restructuring costs for the three months ended September 30, 2018 and 2017 are presented below:



	Three Months Ended September 30,
	2018			2017
Global Integration Activities	$	6.5		$	9.8
2018 Restructuring Actions	9.1			1.1
Other Restructuring	(0.1		)	0.3
Total	$	15.5		$	11.2

Global Integration Activities

In connection with the acquisition of the P&G Beauty Business, the Company has and expects to 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 $477.2 related to approved initiatives through September 30, 2018, 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	67.5		19.3		14.3		5.4		106.5
Fiscal 2019	4.1		1.0		—		1.4		6.5
Cumulative through September 30, 2018	$	405.5	$	42.7	$	18.9	$	10.1	$	477.2

Over the next two fiscal years, the Company expects to incur approximately $60.0 of additional restructuring charges pertaining to the approved actions, primarily related to fixed asset write-offs, contract terminations and employee termination benefits.

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



	Severance and Employee Benefits			Third-Party Contract Terminations			Other Exit Costs			Total Program Costs
Balance—July 1, 2018	$	203.0		$	17.0		$	3.1		$	223.1
Restructuring charges	5.9			1.0			1.4			8.3
Payments	(55.1		)	(2.0		)	(1.6		)	(58.7		)
Changes in estimates	(1.8		)	—			—			(1.8		)
Effect of exchange rates	(0.4		)	—			—			(0.4		)
Balance—September 30, 2018	$	151.6		$	16.0		$	2.9		$	170.5

The Company currently estimates that the total remaining accrual of $170.5 will result in cash expenditures of approximately $144.5, $23.0 and $3.0 in fiscal 2019, 2020 and thereafter, respectively.

2018 Restructuring Actions

During fiscal 2018, the Company began evaluating initiatives to reduce fixed costs and enable further investment in the business (the “2018 Restructuring Actions”).

Of the expected costs, the Company incurred cumulative restructuring charges of $77.5 related to approved initiatives through September 30, 2018, primarily related to role eliminations in Europe and North America, 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 2018	63.5		0.2		1.3		3.4		68.4
Fiscal 2019	8.4		—		—		0.7		9.1
Cumulative through September 30, 2018	$	71.9	$	0.2	$	1.3	$	4.1	$	77.5

Over the next three fiscal years, the Company expects to incur approximately $4.0 of additional restructuring charges pertaining to the approved actions, primarily related to employee termination benefits.

The related liability balance and activity of restructuring costs for the 2018 Restructuring Actions are presented below:



	Severance and Employee Benefits			Third-Party Contract Terminations		Other Exit Costs			Total Program Costs
Balance—July 1, 2018	$	48.0		$	0.2	$	3.3		$	51.5
Restructuring charges	8.8			—		0.7			9.5
Payments	(17.0		)	—		(0.8		)	(17.8		)
Changes in estimates	(0.4		)	—		—			(0.4		)
Non-cash utilization	—			—		(0.1		)	(0.1		)
Effect of exchange rates	(0.2		)	—		—			(0.2		)
Balance—September 30, 2018	$	39.2		$	0.2	$	3.1		$	42.5

The Company currently estimates that the total remaining accrual of $42.5 will result in cash expenditures of approximately $38.6, $3.0 and $0.9 in fiscal 2019, 2020 and thereafter, respectively.

Other Restructuring

In connection with the acquisition of the Burberry Beauty Business, the Company recorded the reversal of $(0.1) of restructuring costs relating to third party contract terminations during the three months ended September 30, 2018. The related liability balances were $1.5 and $3.9 at September 30, 2018 and June 30, 2018, respectively. The Company currently estimates that the total remaining accrual of $1.5 will result in cash expenditure in fiscal 2019.

The Company executed a number of other legacy restructuring activities in prior years, which are substantially completed. The Company incurred (income) expenses of $(0.1) and $0.4 during the three months ended September 30, 2018 and 2017, respectively. The related liability balances were $8.2 and $9.4 at September 30, 2018 and June 30, 2018, respectively. The Company currently estimates that the total remaining accrual of $8.2 will result in cash expenditures of $3.3, $2.5 and $2.4 in fiscal 2019, 2020 and 2021, respectively.

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 incurred expenses (income) of $0.1 and $(0.1) during the three months ended September 30, 2018 and 2017, respectively. The related liability balances were $6.6 and $7.0 at September 30, 2018 and June 30, 2018, respectively. The Company estimates that the remaining accrual of $6.6 at September 30, 2018 will result in cash expenditures of $3.6, $2.4 and $0.6 in fiscal 2019, 2020 and thereafter, respectively.