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ACQUISITION AND DIVESTITURE-RELATED COSTS
9 Months Ended
Mar. 31, 2020
Business Combinations [Abstract]  
ACQUISITION AND DIVESTITURE-RELATED COSTS ACQUISITION AND DIVESTITURE-RELATED COSTS
Acquisition-related costs, which are expensed as incurred, represent non-restructuring costs directly related to acquiring and integrating an entity, for both completed and contemplated acquisitions. These costs can include finder’s fees, legal, accounting, valuation, other professional or consulting fees, including fees related to transitional services, and other internal costs which can include compensation related expenses for dedicated internal resources. The Company recognized acquisition-related costs of $13.2 and $0.0 for the three months ended March 31, 2020 and 2019, respectively, and $17.3 and $0.0 for the nine months ended March 31, 2020 and 2019, respectively. Acquisition-related costs incurred during the three and nine months ended March 31, 2020 were primarily related to the King Kylie Transaction. See Note 5—Business Combinations, Asset Acquisitions and Divestitures for information on the acquisition.
Divestiture-related costs, which are expensed as incurred, represent non-restructuring costs directly related to divesting and selling an entity, for both completed and contemplated divestitures. These costs can include legal, accounting, information technology, other professional or consulting fees and other internal costs. Internal costs can include compensation related expenses for dedicated internal resources. Additionally, divestiture-related costs can include costs related to transitional services. The Company recognized divestiture-related costs of $36.1 and $0.0 for the three months ended March 31, 2020 and 2019, respectively, and $68.0 and $0.0 for the nine months ended March 31, 2020 and 2019, respectively. Divestiture-related costs incurred during the three and nine months ended March 31, 2020 were primarily related to the Company’s strategic review of its business. See Note 1—Description of Business for information on the strategic review.
These costs have been recorded in Acquisition and divestiture-related costs in the Condensed Consolidated Statements of Operations.