SEGMENT REPORTING

9 Months Ended

Mar. 31, 2021

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 chief operating decision maker (“CODM”) in deciding how to allocate resources and assess performance. The Company has designated its Chief Executive Officer as the CODM.

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. 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 5—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 10—Goodwill and Other Intangible Assets, net.

	Three Months Ended March 31,				Nine Months Ended March 31,
SEGMENT DATA	2021		2020		2021		2020
Net revenues:
Americas	$	409.6	$	435.9	$	1,419.7	$	1,506.2
EMEA	473.0		512.9		1,712.3		2,097.6
Asia Pacific	145.2		113.7		435.5		498.1
Other	—		—		—		55.5
Total	$	1,027.8	$	1,062.5	$	3,567.5	$	4,157.4
Operating income (loss):
Americas	2.3		(40.3)		55.3		(36.3)
EMEA	28.7		(57.5)		129.7		69.6
Asia Pacific	1.9		(31.4)		(10.9)		(17.3)
Other	—		—		—		(10.9)
Corporate	(34.3)		(170.3)		(224.5)		(321.1)
Total	$	(1.4)	$	(299.5)	$	(50.4)	$	(316.0)
Reconciliation:
Operating (loss)	(1.4)		(299.5)		(50.4)		(316.0)
Interest expense, net	50.3		63.8		171.6		185.3
Other (income) expense, net	(62.5)		0.3		(50.7)		4.0
Income (loss) from continuing operations before income taxes	$	10.8	$	(363.6)	$	(171.3)	$	(505.3)

Presented below are the percentage of revenues associated with the Company’s product categories:

	Three Months Ended March 31,				Nine Months Ended March 31,
PRODUCT CATEGORY	2021		2020		2021		2020
Fragrance	56.2	%	50.7	%	59.1	%	58.0	%
Color Cosmetics	31.2		36.4		27.9		29.6
Body Care & Other	12.6		12.9		13.0		12.4
Total Coty Inc.	100.0	%	100.0	%	100.0	%	100.0	%