REVENUE RECOGNITION (Tables)

3 Months Ended

Sep. 30, 2018

Revenue from Contract with Customer [Abstract]

Schedule of new accounting pronouncements

The following table presents our results under our historical method of accounting and as adjusted to reflect our adoption of ASU No. 2017-07:

	Three Months Ended September 30, 2017
	As Previously Reported			Effect of Adoption of ASU No. 2017-07			As Adjusted
Cost of sales	$	874.3		$	(0.1	)	$	874.2
Selling, general and administrative expenses	1,191.8			(0.7		)	1,191.1
Operating income	28.7			0.8			29.5
Other expense, net	3.7			0.8			4.5
Net (loss) income	(16.1		)	—			(16.1		)

The cumulative effects of the revenue accounting changes on the Company's Condensed Consolidated Balance Sheet as of July 1, 2018 were as follows:

	June 30, 2018			Adjustments			July 1, 2018
ASSETS
Property and equipment, net	$	1,680.8		$	(6.2	)	$	1,674.6
Deferred income taxes	107.4			0.6			108.0
Other noncurrent assets	299.5			6.9			306.4
LIABILITIES AND EQUITY
Current liabilities:
Accrued expenses and other current liabilities	$	1,844.4		$	20.7		$	1,865.1
Deferred income taxes	842.5			(1.2		)	841.3
Accumulated deficit	(626.2		)	(18.2		)	(644.4		)

The following table summarizes the impacts of adopting the New Revenue Standard on the Condensed Consolidated Statements of Operations for the Three Months Ended September 30, 2018:

	As reported (New Revenue Standard)			Current period adjustments		As adjusted (previous revenue standard)
Net revenues	$	2,031.3		$	7.2	$	2,038.5
Selling, general and administrative expenses	1,122.3			1.1		1,123.4
Net loss	(10.1		)	4.9		(5.2		)
Net loss attributable to Coty Inc.	(12.1		)	4.5		(7.6		)
Net loss attributable to Coty Inc. per common share:
Basic	$	(0.02	)	$	0.01	$	(0.01	)
Diluted	(0.02		)	0.01		(0.01		)