EQUITY

Common Stock

As of December 31, 2018, the Company’s common stock consisted of Class A Common Stock with a par value of $0.01 per share. The holders of Class A Common Stock are entitled to one vote per share. As of December 31, 2018, total authorized shares of Class A Common Stock was 1,000.0 million and total outstanding shares of Class A Common Stock was 751.2 million.

The Company’s largest stockholder is JAB Cosmetics B.V. (“JABC”), which owns approximately 40% of Coty’s Class A shares as of December 31, 2018. Both JABC and the shares of the Company held by JABC are indirectly controlled by Lucresca SE, Agnaten SE and JAB Holdings B.V. (“JAB”). During the three and six months ended December 31, 2018, JABC acquired 8.2 million and 10.8 million shares of Class A Common Stock, respectively, in open market purchases on the New York Stock Exchange. The Company did not receive any proceeds from these stock purchases conducted by JABC.

Preferred Stock

As of December 31, 2018, total authorized shares of preferred stock are 20.0 million. The only class of Preferred Stock that is outstanding as of December 31, 2018 is the Series A Preferred Stock with a par value of $0.01 per share. As of December 31, 2018, total authorized shares of Series A Preferred Stock are 6.3 million, total issued shares of Series A Preferred Stock are 5.0 million and total outstanding shares of Series A Preferred Stock are 1.9 million. The Series A Preferred Stock is not entitled to receive any dividends and has no voting rights except as required by law.

Of the 1.9 million outstanding shares of Series A Preferred Stock, 1.0 million shares vested on March 27, 2017, 0.4 million shares vest on April 15, 2020, 0.3 million shares vest on February 16, 2022 and 0.2 million vest on November 16, 2022. As of December 31, 2018, the Company classified $1.1 of Series A Preferred Stock as equity, and $1.8 as a liability recorded in Other noncurrent liabilities in the Condensed Consolidated Balance Sheet.

Treasury Stock - Share Repurchase Program

On February 3, 2016, the Board authorized the Company to repurchase up to $500.0 of its Class A Common Stock (the “Incremental Repurchase Program”). Until October 1, 2018, repurchases were subject to certain restrictions imposed by the tax matters agreement, dated October 1, 2016, as amended, between the Company and P&G entered into in connection with the P&G Beauty Business acquisition. Following October 1, 2018, repurchases may be made from time to time at the Company’s discretion, based on ongoing assessments of the capital needs of the business, the market price of its Class A Common Stock, available cash, the Company’s deleveraging strategy and general market conditions. For the three and six months ended December 31, 2018, the Company did not repurchase any shares of its Class A Common Stock. As of December 31, 2018, the Company had authority for $396.8 remaining under the Incremental Repurchase Program.

Dividends

The following dividends were declared during the six months ended December 31, 2018:



Declaration Date	Dividend Type	Dividend Per Share		Holders of Record Date	Dividend Value		Dividend Payment Date	Dividends Paid		Dividends Payable ^(a)
Fiscal 2019
August 21, 2018	Quarterly	$	0.125	August 31, 2018	$	94.6	September 14, 2018	$	93.8	$	0.8
November 7, 2018	Quarterly	$	0.125	November 30, 2018	$	95.1	December 14, 2018	$	93.9	$	1.2
Fiscal 2019		$	0.250		$	189.7		$	187.7	$	2.0


^(a)	The dividend payable is the value of the remaining dividends payable upon settlement of the RSUs and phantom units outstanding as of the Holders of Record Date.

In addition to the activity noted in the table above, the Company made a payment of $0.7 for the previously accrued dividends on RSUs that vested during the six months ended December 31, 2018. Total dividends paid during the six months ended December 31, 2018 was $188.4, which was recorded as a decrease to APIC in the Condensed Consolidated Balance Sheet as of December 31, 2018.

The Company recorded an additional decrease to APIC in the Condensed Consolidated Balance Sheet as of December 31, 2018 of $0.2, consisting of $2.0 dividends payable on dividends declared during the six months ended December 31, 2018 offset by $0.7 dividends paid for previously accrued dividends on vested RSUs and $1.1 of dividends no longer expected to vest as a result of forfeitures of outstanding RSUs. Total dividends recorded to APIC in the Condensed Consolidated Balance Sheet as of December 31, 2018 is $(188.6). Total accrued dividends on unvested RSUs and phantom units of $2.1 and $4.1 are included in Accrued expenses and other current liabilities and Other noncurrent liabilities, respectively, in the Condensed Consolidated Balance Sheet as of December 31, 2018.

Accumulated Other Comprehensive Income (Loss)



				Foreign Currency Translation Adjustments
	Gain (loss) on Cash Flow Hedges			Gain on Net Investment Hedge		Other Foreign Currency Translation Adjustments			Pension and Other Post-Employment Benefit Plans^(a)		Total
Balance—July 1, 2018	$	31.7		$	115.0	$	(44.3	)	$	56.4	$	158.8
Other comprehensive income (loss) before reclassifications	(11.8		)	78.6		(187.7		)	—		(120.9		)
Net amounts reclassified from AOCI/(L)	(5.9		)	—		—			1.6		(4.3		)
Net current-period other comprehensive income (loss)	(17.7		)	78.6		(187.7		)	1.6		(125.2		)
Balance—December 31, 2018	$	14.0		$	193.6	$	(232.0	)	$	58.0	$	33.6

^(a) For the six months ended December 31, 2018, net amounts reclassified from AOCI/(L) related to pensions and other post-employment benefit plans included amortization of prior service costs and actuarial losses of $3.0, net of tax of $1.4.



			Foreign Currency Translation Adjustments
	Gain on Cash Flow Hedges		Loss on Net Investment Hedges			Other Foreign Currency Translation Adjustments			Pension and Other Post-Employment Benefit Plans		Total
Balance—July 1, 2017	$	12.6	$	(23.7	)	$	(20.8	)	$	36.3	$	4.4
Other comprehensive income (loss) before reclassifications	7.2		(33.0		)	303.6			1.6		279.4
Net amounts reclassified from AOCI/(L)	0.1		—			—			—		0.1
Net current-period other comprehensive income (loss)	7.3		(33.0		)	303.6			1.6		279.5
Balance—December 31, 2017	$	19.9	$	(56.7	)	$	282.8		$	37.9	$	283.9