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SEGMENT REPORTING
 12 Months Ended
Jun. 30, 2020
Segment Reporting [Abstract]  
SEGMENT REPORTING SEGMENT REPORTING
Operating and reportable segments (referred to as “segments”) reflect the way the Company is managed and for which separate financial information is available and evaluated regularly by the Company’s CODM in deciding how to allocate resources and assess performance. The Company has designated its Chief Executive Officer as the CODM.
During the three months ended March 31, 2020, the Company's CODM changed the reporting structure used to allocate resources from the previous category focused organizational structure that included three operating and reportable segments: Luxury, Consumer Beauty and Professional Beauty, to a structure based on regional commercial business units.
Due to discontinued operations presentation, the Company’s three remaining segments for its continuing operations are: Americas, EMEA, and Asia Pacific, excluding the discontinued retail hair operations in each segment. The change in
profitability of each of the remaining segments is due to the reallocation of certain shared costs, which were previously allocated to the Professional Beauty division and the discontinued retail hair operations, to the remaining segments comprising continuing operations. Americas, EMEA, and Asia Pacific include the businesses focused on prestige fragrances, prestige skin care, prestige cosmetics, mass color cosmetics, mass fragrance, mass skin care and body care, and are supported by central marketing teams.
Certain income and shared costs and the results of corporate initiatives are managed by Corporate. Corporate primarily includes restructuring and realignment costs, costs related to acquisition and divestiture activities and impairments of long lived assets, goodwill and intangibles that are not attributable to ongoing operating activities of the segments. The results of Younique, LLC ("Younique") are included in "Other." See Note 4—Business Combinations, Asset Acquisitions and Divestitures for information on Younique and the divestiture, which was completed on September 16, 2019. Corporate costs are not used by the CODM to measure the underlying performance of the segments.
With the exception of goodwill, the Company does not identify or monitor assets by segment. The Company does not present assets by reportable segment since various assets are shared between reportable segments. The allocation of goodwill by segment is presented in Note 12—Goodwill and Other Intangible Assets, net.
Year Ended June 30,
SEGMENT DATA202020192018
Net revenues:
Americas$1,771.0 $2,248.9 $2,399.3 
EMEA2,308.6 2,909.7 3,250.7 
Asia Pacific582.7 771.1 758.7 
Other55.5 358.2 433.1 
Total$4,717.8 $6,287.9 $6,841.8 
Depreciation and amortization:
Americas$227.4 $188.4 $192.6 
EMEA276.0 272.0 271.0 
Asia Pacific69.5 63.3 56.3 
Other11.8 54.8 55.5 
Total$584.7 $578.5 $575.4 
Operating (loss) income from continuing operations
Americas$(164.8)$(1,474.5)$45.6 
EMEA(248.4)(1,344.1)131.4 
Asia Pacific(74.0)(253.1)52.7 
Other(10.9)(18.6)70.1 
Corporate(738.4)(598.1)(455.3)
Total$(1,236.5)$(3,688.4)$(155.5)
Reconciliation:
Operating (loss) income from continuing operations$(1,236.5)$(3,688.4)$(155.5)
Interest expense, net242.7 225.2 200.6 
Loss on early extinguishment of debt— — 10.7 
Other (income) expense, net(11.6)31.8 27.7 
Loss from continuing operations before income taxes$(1,467.6)$(3,945.4)$(394.5)
As of June 30,
Long-lived assets:20202019
U.S.$3,340.5 $2,897.7 
Switzerland3,690.9 4,379.4 
Brazil494.0 712.4 
All other1,902.2 2,041.3 
Total$9,427.6 $10,030.8 
For Net revenues, a major country is defined as a group of subsidiaries in a country with combined revenues greater than 10% of consolidated net revenues or as otherwise deemed significant. The United States is the only country that accounts for more than 10% of total net revenues for fiscal years 2020, 2019 and 2018. The United States had net revenues of $1,159.3, $1,470.5 and $1,595.4 in fiscal 2020, 2019 and 2018, respectively.
For Long-lived assets, a major country is defined as a group of subsidiaries within a country with combined long-lived assets greater than 10% of consolidated long-lived assets or as otherwise deemed significant. Long-lived assets include property and equipment, goodwill and other intangible assets.
No customer or group of affiliated customers accounted for more than 10% of the Company’s Net revenues in fiscal 2020, 2019 and 2018 or are otherwise deemed significant.
Presented below are the net revenues associated with Company’s product categories as a percentage of total net revenues for continuing operations:
Year Ended June 30,
PRODUCT CATEGORY202020192018
Fragrances55.5 %54.4 %50.6 %
Color Cosmetics31.1 %32.2 %35.3 %
Skin & Body Care13.0 %13.0 %13.8 %
Hair Care0.4 %0.4 %0.3 %
Total100.0 %100.0 %100.0 %