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REVENUE RECOGNITION (Tables)
 9 Months Ended
Mar. 31, 2019
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
March 31, 2018
 
Nine Months Ended
March 31, 2018
 
As Previously Reported
 
Effect of Adoption of ASU No. 2017-07
 
As Adjusted
 
As Previously Reported
 
Effect of Adoption of ASU No. 2017-07
 
As Adjusted
Cost of sales
$
812.4

 
$
(0.1
)
 
$
812.3

 
$
2,711.7

 
$
(0.3
)
 
$
2,711.4

Selling, general and administrative expenses
1,252.3

 
(0.7
)
 
1,251.6

 
3,764.0

 
(2.1
)
 
3,761.9

Operating income
19.9

 
0.8

 
20.7

 
223.0

 
2.4

 
225.4

Other expense, net
3.0

 
0.8

 
3.8

 
10.1

 
2.4

 
12.5

Net income
(60.1
)
 
—

 
(60.1
)
 
42.4

 
—

 
42.4

The following table summarizes the impacts of adopting the New Revenue Standard on the Condensed Consolidated Statements of Operations for the Nine Months Ended March 31, 2019:
 
As reported (New Revenue Standard)
 
Current period adjustments
 
As adjusted (previous revenue standard)
Net revenues
$
6,533.1

 
$
8.9

 
$
6,542.0

Selling, general and administrative expenses
3,476.8

 
2.3

 
3,479.1

Net (loss) income
(970.1
)
 
5.0

 
(965.1
)
Net (loss) income attributable to Coty Inc.
(984.8
)
 
5.0

 
(979.8
)
 
 
 
 
 
 
Net (loss) income attributable to Coty Inc. per common share:
 
 
 
 
 
Basic
$
(1.31
)
 
$
0.01

 
$
(1.30
)
Diluted
(1.31
)
 
0.01

 
(1.30
)
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 March 31, 2019:
 
As reported (New Revenue Standard)
 
Current period adjustments
 
As adjusted (previous revenue standard)
Net revenues
$
1,990.6

 
$
25.6

 
$
2,016.2

Selling, general and administrative expenses
1,070.5

 
1.0

 
1,071.5

Net (loss) income
(4.0
)
 
18.4

 
14.4

Net (loss) income attributable to Coty Inc.
(12.1
)
 
18.6

 
6.5

 
 
 
 
 
 
Net (loss) income attributable to Coty Inc. per common share:
 
 
 
 
 
Basic
$
(0.02
)
 
$
0.03

 
$
0.01

Diluted
(0.02
)
 
0.03

 
0.01