DISCONTINUED OPERATIONS (Tables)

6 Months Ended

Dec. 31, 2021

Discontinued Operations and Disposal Groups [Abstract]

Schedule of discontinued operations

The following table has selected financial information included in Net income (loss) from discontinued operations for the Wella Business.

	Three Months Ended December 31,				Six Months Ended December 31,
	2021 (a)		2020		2021 (a)		2020
Net revenues	$	—	$	419.9	$	—	$	986.3
Cost of sales	—		141.5		—		322.5
Gross profit	—		278.4		—		663.8
Selling, general and administrative expenses	—		203.7		—		443.7
Restructuring costs	—		(0.7)		—		(0.7)
Operating income	—		75.4		—		220.8
Interest expense, net	—		9.5		—		21.3
(Gain) loss on sale of business	(4.8)		219.1		(4.8)		219.1
Other income, net	—		(1.1)		—		(1.0)
Income (loss) from discontinued operations before income taxes	4.8		(152.1)		4.8		(18.6)
Provision for income taxes on discontinued operations	1.0		83.5		1.0		112.3
Net income (loss) from discontinued operations	$	3.8	$	(235.6)	$	3.8	$	(130.9)

(a)Net income from discontinued operations for the three and six months ended December 31, 2021 reflect certain purchase price working capital adjustments net of the related income tax impact.

The following is selected financial information included in cash flows from discontinued operations for the Wella Business held for sale:

	Six Months Ended December 31, 2020
NON-CASH OPERATING ITEMS
Depreciation and amortization	$	—
CASH FLOW FROM INVESTING ACTIVITIES
Capital expenditures	$	8.7