RESTRUCTURING COSTS

Restructuring costs for the three and nine months ended March 31, 2019 and 2018 are presented below:



	Three Months Ended March 31,					Nine Months Ended March 31,
	2019			2018		2019			2018
Global Integration Activities	$	2.6		$	33.3	$	31.3		$	58.2
2018 Restructuring Actions	4.5			8.6		13.3			20.5
Other Restructuring	(0.4		)	0.8		(0.9		)	(3.1		)
Total	$	6.7		$	42.7	$	43.7		$	75.6

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 $502.0 related to approved initiatives through March 31, 2019, 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	0.3		1.5		27.8		1.7		31.3
Cumulative through March 31, 2019	$	401.7	$	43.2	$	46.7	$	10.4	$	502.0

Over the next two fiscal years, the Company expects to incur approximately $25.0 of additional restructuring charges pertaining to the approved actions, primarily related to contract terminations, employee termination benefits and other related exit costs.

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, 2018	$	203.0		$	17.0		$	—		$	3.1		$	223.1
Restructuring charges	7.8			1.6			27.8			1.9			39.1
Payments	(130.3		)	(7.1		)	—			(3.2		)	(140.6		)
Changes in estimates	(7.5		)	(0.1		)	—			(0.2		)	(7.8		)
Non-cash utilization	—			—			(27.8		)	—			(27.8		)
Effect of exchange rates	(3.6		)	—			—			—			(3.6		)
Balance—March 31, 2019	$	69.4		$	11.4		$	—		$	1.6		$	82.4

The Company currently estimates that the total remaining accrual of $82.4 will result in cash expenditures of approximately $25.7, $47.3 and $9.4 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 $81.7 related to approved initiatives through March 31, 2019, 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	12.1		(0.1		)	—		1.3		13.3
Cumulative through March 31, 2019	$	75.6	$	0.1		$	1.3	$	4.7	$	81.7

Over the next three fiscal years, the Company expects to incur approximately $9.0 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	13.6			—			1.3			14.9
Payments	(43.2		)	—			(2.8		)	(46.0		)
Changes in estimates	(1.5		)	(0.1		)	—			(1.6		)
Effect of exchange rates	(0.5		)	—			(0.2		)	(0.7		)
Balance—March 31, 2019	$	16.4		$	0.1		$	1.6		$	18.1

The Company currently estimates that the total remaining accrual of $18.1 will result in cash expenditures of approximately $7.5, $10.5 and $0.1 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 nine months ended March 31, 2019. The related liability balances were $1.0 and $3.9 at March 31, 2019 and June 30, 2018, respectively. The Company currently estimates that the total remaining accrual of $1.0 will result in cash expenditure in fiscal 2020.

The Company executed a number of other legacy restructuring activities in prior years, which are substantially completed. The Company recognized (income) expenses, net, of $(0.6) and $(4.7) during the nine months ended March 31, 2019 and 2018, respectively. The related liability balances were $5.6 and $9.4 at March 31, 2019 and June 30, 2018, respectively. The Company currently estimates that the total remaining accrual of $5.6 will result in cash expenditures of $1.2, $2.4 and $2.0 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 recognized (income) expenses, net, of $(0.2) and $1.6 during the nine months ended March 31, 2019 and 2018, respectively. The related liability balances were $3.6 and $7.0 at March 31, 2019 and June 30, 2018, respectively. The Company estimates that the remaining accrual of $3.6 at March 31, 2019 will result in cash expenditures of $0.4, $2.7 and $0.5 in fiscal 2019, 2020 and thereafter, respectively.