XML 23 R7.htm IDEA: XBRL DOCUMENT v3.19.1
CONDENSED CONSOLIDATED STATEMENTS OF EQUITY AND REDEEMABLE NONCONTROLLING INTERESTS - USD ($)
shares in Millions, $ in Millions
Total
Preferred Stock
Common Stock
Class A Common Stock
Additional Paid-in Capital
(Accumulated Deficit)
Accumulated Other Comprehensive Income (Loss)
Treasury Stock
Total Coty Inc. Stockholders’ Equity
Noncontrolling Interests
As Previously Reported
As Previously Reported
Preferred Stock
As Previously Reported
Common Stock
Class A Common Stock
As Previously Reported
Additional Paid-in Capital
As Previously Reported
(Accumulated Deficit)
As Previously Reported
Accumulated Other Comprehensive Income (Loss)
As Previously Reported
Treasury Stock
As Previously Reported
Total Coty Inc. Stockholders’ Equity
As Previously Reported
Noncontrolling Interests
As Adjusted
As Adjusted
Preferred Stock
As Adjusted
Common Stock
Class A Common Stock
As Adjusted
Additional Paid-in Capital
As Adjusted
(Accumulated Deficit)
As Adjusted
Accumulated Other Comprehensive Income (Loss)
As Adjusted
Treasury Stock
As Adjusted
Total Coty Inc. Stockholders’ Equity
As Adjusted
Noncontrolling Interests
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                                      
Adjustment due to the adoption of ASU | Accounting Standards Update 2016-09                                     $ 8.3       $ 8.3     $ 8.3  
Balance, beginning of period (in shares) at Jun. 30, 2017                     4.2 812.9       65.0       4.2 812.9       65.0    
Balance, beginning of period at Jun. 30, 2017           $ 4.4       $ 9,317.7 $ 0.0 $ 8.1 $ 11,203.2 $ (459.2) $ 4.4 $ (1,441.8) $ 9,314.7 $ 3.0 9,326.0 $ 0.0 $ 8.1 $ 11,203.2 (450.9) $ 4.4 $ (1,441.8) 9,323.0 $ 3.0
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                                      
Exercise of employee stock options and restricted stock units and related tax benefits (in shares)     1.5                                                
Exercise of employee stock options and restricted stock units and related tax benefits $ 11.2   $ 0.0 $ 11.2       $ 11.2                                      
Shares withheld for employee taxes (3.1)     (3.1)       (3.1)                                      
Share-based compensation expense 8.1     8.1       8.1                                      
Dividends ($0.125 per common share) (94.3)     (94.3)       (94.3)                                      
Net income (loss) (21.9)       $ (19.7)     (19.7) $ (2.2)                                    
Other comprehensive income (loss) 239.7         239.1   239.1 0.6                                    
Additional redeemable noncontrolling interests due to employee grants and other adjustments 17.0     17.0       17.0                                      
Adjustment of redeemable noncontrolling interests to the higher of its redemption value or carrying value (29.0)     (29.0)       (29.0)                                      
Balance, end of period (in shares) at Sep. 30, 2017   4.2 814.4       65.0                                        
Balance, end of period at Sep. 30, 2017 9,453.7 $ 0.0 $ 8.1 11,113.1 (470.6) 243.5 $ (1,441.8) 9,452.3 1.4                                    
Balance, beginning of period at Jun. 30, 2017                   551.1                 551.1                
Redeemable Noncontrolling Interests                                                      
Net income (loss) 5.8                                                    
Distribution to noncontrolling interests, net (6.4)                                                    
Dilution of redeemable noncontrolling interest due to additional contribution (17.0)                                                    
Adjustment of redeemable noncontrolling interests to redemption value 29.0                                                    
Balance, end of period at Sep. 30, 2017 562.5                                                    
Balance, beginning of period (in shares) at Jun. 30, 2017                     4.2 812.9       65.0       4.2 812.9       65.0    
Balance, beginning of period at Jun. 30, 2017           4.4       9,317.7 $ 0.0 $ 8.1 11,203.2 (459.2) 4.4 $ (1,441.8) 9,314.7 3.0 9,326.0 $ 0.0 $ 8.1 11,203.2 (450.9) 4.4 $ (1,441.8) 9,323.0 3.0
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                                      
Other comprehensive income (loss) 532.0                                                    
Balance, end of period (in shares) at Mar. 31, 2018   5.0 815.5       65.0                                        
Balance, end of period at Mar. 31, 2018 9,499.6 $ 0.0 $ 8.1 10,835.3 (438.4) 536.1 $ (1,441.8) 9,499.3 0.3                                    
Balance, beginning of period at Jun. 30, 2017                   551.1                 551.1                
Redeemable Noncontrolling Interests                                                      
Proceeds from noncontrolling interests 0.2                                                    
Balance, end of period at Mar. 31, 2018 665.4                                                    
Balance, beginning of period (in shares) at Sep. 30, 2017   4.2 814.4       65.0                                        
Balance, beginning of period at Sep. 30, 2017 9,453.7 $ 0.0 $ 8.1 11,113.1 (470.6) 243.5 $ (1,441.8) 9,452.3 1.4                                    
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                                      
Issuance of Preferred Stock (in shares)   1.0                                                  
Issuance of Preferred Stock 0.0             0.0                                      
Exercise of employee stock options and restricted stock units and related tax benefits (in shares)     0.4                                                
Exercise of employee stock options and restricted stock units and related tax benefits 2.5     2.5       2.5                                      
Shares withheld for employee taxes (0.3)     (0.3)       (0.3)                                      
Share-based compensation expense 9.0     9.0       9.0                                      
Dividends ($0.125 per common share) (94.4)     (94.4)       (94.4)                                      
Net income (loss) 107.3       109.2     109.2 (1.9)                                    
Other comprehensive income (loss) 40.3         40.4   40.4 (0.1)                                    
Additional redeemable noncontrolling interests due to employee grants (See Note 17) (8.3)     (8.3)       (8.3)                                      
Adjustment of redeemable noncontrolling interests to the higher of its redemption value or carrying value (81.3)     (81.3)       (81.3)                                      
Balance, end of period (in shares) at Dec. 31, 2017   5.2 814.8       65.0                                        
Balance, end of period at Dec. 31, 2017 9,428.5 $ 0.0 $ 8.1 10,940.3 (361.4) 283.9 $ (1,441.8) 9,429.1 (0.6)                                    
Balance, beginning of period at Sep. 30, 2017 562.5                                                    
Redeemable Noncontrolling Interests                                                      
Net income (loss) 11.3                                                    
Distribution to noncontrolling interests, net (25.3)                                                    
Additional redeemable noncontrolling interests due to employee grants 8.3                                                    
Proceeds from noncontrolling interests 0.2                                                    
Adjustment of redeemable noncontrolling interests to redemption value 81.3                                                    
Balance, end of period at Dec. 31, 2017 638.3                                                    
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                                      
Cancellation of Preferred Stock (in shares)   (0.2)                                                  
Cancellation of Preferred Stock   $ 0.0                                                  
Exercise of employee stock options and restricted stock units and related tax benefits (in shares)     0.7                                                
Exercise of employee stock options and restricted stock units and related tax benefits 6.3     6.3       6.3                                      
Shares withheld for employee taxes (0.1)     (0.1)       (0.1)                                      
Share-based compensation expense 8.7     8.7       8.7                                      
Dividends ($0.125 per common share) (94.6)     (94.6)       (94.6)                                      
Net income (loss) (75.9)       (77.0)     (77.0) 1.1                                    
Other comprehensive income (loss) 252.0         252.2   252.2 (0.2)                                    
Additional redeemable noncontrolling interests due to employee grants (See Note 17) 0.9     0.9       0.9                                      
Adjustment of redeemable noncontrolling interests to the higher of its redemption value or carrying value (26.2)     (26.2)       (26.2)                                      
Balance, end of period (in shares) at Mar. 31, 2018   5.0 815.5       65.0                                        
Balance, end of period at Mar. 31, 2018 9,499.6 $ 0.0 $ 8.1 10,835.3 (438.4) 536.1 $ (1,441.8) 9,499.3 0.3                                    
Redeemable Noncontrolling Interests                                                      
Net income (loss) 15.8                                                    
Distribution to noncontrolling interests, net (14.0)                                                    
Additional redeemable noncontrolling interests due to employee grants (0.9)                                                    
Adjustment of redeemable noncontrolling interests to redemption value 26.2                                                    
Balance, end of period at Mar. 31, 2018 665.4                                                    
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                                      
Adjustment due to the adoption of ASU | Accounting Standards Update 2016-16                                     (112.6)       (112.6)     (112.6)  
Adjustment due to the adoption of ASU | Accounting Standards Update 2014-09                                     (18.2)       (18.2)     (18.2)  
Balance, beginning of period (in shares) at Jun. 30, 2018                     5.0 815.8       65.0       5.0 815.8       65.0    
Balance, beginning of period at Jun. 30, 2018 8,855.2         158.8       8,855.2 $ 0.0 $ 8.1 10,750.8 (626.2) 158.8 $ (1,441.8) 8,849.7 5.5 8,724.4 $ 0.0 $ 8.1 10,750.8 (757.0) 158.8 $ (1,441.8) 8,718.9 5.5
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                                      
Exercise of employee stock options and restricted stock units and related tax benefits (in shares)     0.0                                                
Exercise of employee stock options and restricted stock units and related tax benefits 0.7   $ 0.0 0.7       0.7                                      
Share-based compensation expense 6.4     6.4       6.4                                      
Dividends ($0.125 per common share) (94.0)     (94.0)       (94.0)                                      
Net income (loss) (10.9)       (12.1)     (12.1) 1.2                                    
Other comprehensive income (loss) (47.8)         (48.0)   (48.0) 0.2                                    
Distribution to noncontrolling interests, net (1.3)               (1.3)                                    
Additional redeemable noncontrolling interests due to employee grants (See Note 17) (1.6)     (1.6)       (1.6)                                      
Adjustment of redeemable noncontrolling interests to the higher of its redemption value or carrying value 37.2     37.2       37.2                                      
Balance, end of period (in shares) at Sep. 30, 2018   5.0 815.8       65.0                                        
Balance, end of period at Sep. 30, 2018 8,613.1 $ 0.0 $ 8.1 10,699.5 (769.1) 110.8 $ (1,441.8) 8,607.5 5.6                                    
Balance, beginning of period at Jun. 30, 2018                   661.3                 661.3                
Redeemable Noncontrolling Interests                                                      
Net income (loss) 0.8                                                    
Distribution to noncontrolling interests, net (4.3)                                                    
Additional redeemable noncontrolling interests due to employee grants 1.6                                                    
Adjustment of redeemable noncontrolling interests to redemption value (37.2)                                                    
Balance, end of period at Sep. 30, 2018 622.2                                                    
Balance, beginning of period (in shares) at Jun. 30, 2018                     5.0 815.8       65.0       5.0 815.8       65.0    
Balance, beginning of period at Jun. 30, 2018 8,855.2         158.8       8,855.2 $ 0.0 $ 8.1 $ 10,750.8 $ (626.2) $ 158.8 $ (1,441.8) $ 8,849.7 $ 5.5 8,724.4 $ 0.0 $ 8.1 $ 10,750.8 $ (757.0) $ 158.8 $ (1,441.8) $ 8,718.9 $ 5.5
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                                      
Dividends ($0.125 per common share)       (282.8)                                              
Other comprehensive income (loss) (160.2)                                                    
Additional redeemable noncontrolling interests due to employee grants (See Note 17)       (1.7)                                              
Balance, end of period (in shares) at Mar. 31, 2019   8.4 816.4       65.0                                        
Balance, end of period at Mar. 31, 2019 7,502.5 $ 0.1 $ 8.1 10,674.6 (1,741.8) (1.5) $ (1,441.8) 7,497.7 4.8                                    
Balance, beginning of period at Jun. 30, 2018                   $ 661.3                 $ 661.3                
Redeemable Noncontrolling Interests                                                      
Additional redeemable noncontrolling interests due to employee grants 1.7                                                    
Proceeds from noncontrolling interests 0.0                                                    
Balance, end of period at Mar. 31, 2019 452.2                                                    
Balance, beginning of period (in shares) at Sep. 30, 2018   5.0 815.8       65.0                                        
Balance, beginning of period at Sep. 30, 2018 8,613.1 $ 0.0 $ 8.1 10,699.5 (769.1) 110.8 $ (1,441.8) 8,607.5 5.6                                    
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                                      
Cancellation of Preferred Stock (in shares)   (3.1)                                                  
Cancellation of Preferred Stock   $ 0.0                                                  
Exercise of employee stock options and restricted stock units and related tax benefits (in shares)     0.4                                                
Exercise of employee stock options and restricted stock units and related tax benefits 0.2   $ 0.0 0.2       0.2                                      
Shares withheld for employee taxes (1.3)     (1.3)       (1.3)                                      
Share-based compensation expense 4.4     4.4       4.4                                      
Dividends ($0.125 per common share) (94.6)     (94.6)       (94.6)                                      
Net income (loss) (960.0)       (960.6)     (960.6) 0.6                                    
Other comprehensive income (loss) (77.2)         (77.2)   (77.2)                                      
Adjustment of redeemable noncontrolling interests to the higher of its redemption value or carrying value 126.7     126.7       126.7                                      
Balance, end of period (in shares) at Dec. 31, 2018   1.9 816.2       65.0                                        
Balance, end of period at Dec. 31, 2018 7,611.3 $ 0.0 $ 8.1 10,734.9 (1,729.7) 33.6 $ (1,441.8) 7,605.1 6.2                                    
Balance, beginning of period at Sep. 30, 2018 622.2                                                    
Redeemable Noncontrolling Interests                                                      
Net income (loss) 4.0                                                    
Distribution to noncontrolling interests, net (11.9)                                                    
Adjustment of redeemable noncontrolling interests to redemption value (126.7)                                                    
Balance, end of period at Dec. 31, 2018 487.6                                                    
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                                      
Issuance of Preferred Stock (in shares)   6.9                                                  
Issuance of Preferred Stock 0.7 $ 0.1   0.6       0.7                                      
Cancellation of Preferred Stock (in shares)   (0.4)                                                  
Cancellation of Preferred Stock   $ 0.0                                                  
Exercise of employee stock options and restricted stock units and related tax benefits (in shares)     0.2                                                
Exercise of employee stock options and restricted stock units and related tax benefits 0.5   $ 0.0 0.5       0.5                                      
Shares withheld for employee taxes (0.1)     (0.1)       (0.1)                                      
Share-based compensation expense (0.5)     (0.5)       (0.5)                                      
Dividends ($0.125 per common share) (94.7)     (94.7)       (94.7)                                      
Net income (loss) (9.8)       (12.1)     (12.1) 2.3                                    
Other comprehensive income (loss) (35.2)         (35.1)   (35.1) (0.1)                                    
Distribution to noncontrolling interests, net (3.6)               (3.6)                                    
Additional redeemable noncontrolling interests due to employee grants and other adjustments 0.9     0.9       0.9                                      
Additional redeemable noncontrolling interests due to employee grants (See Note 17)       (1.7)                                              
Adjustment of redeemable noncontrolling interests to the higher of its redemption value or carrying value 33.0     33.0       33.0                                      
Balance, end of period (in shares) at Mar. 31, 2019   8.4 816.4       65.0                                        
Balance, end of period at Mar. 31, 2019 7,502.5 $ 0.1 $ 8.1 $ 10,674.6 $ (1,741.8) $ (1.5) $ (1,441.8) $ 7,497.7 $ 4.8                                    
Redeemable Noncontrolling Interests                                                      
Net income (loss) 5.8                                                    
Distribution to noncontrolling interests, net (8.3)                                                    
Dilution of redeemable noncontrolling interest due to additional contribution 0.1                                                    
Additional redeemable noncontrolling interests due to employee grants 1.7                                                    
Adjustment of redeemable noncontrolling interests to redemption value (33.0)                                                    
Balance, end of period at Mar. 31, 2019 $ 452.2