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SEGMENT REPORTING
 12 Months Ended
Jun. 30, 2022
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.
During the first quarter of fiscal 2022, the CODM finalized the Company's organizational structure and how performance will be assessed, and the Company realigned its reportable segments to a principally product category-based structure, comprised of a Prestige business segment and a Consumer Beauty business segment beginning in the first quarter of fiscal 2022. The Company recast its results for fiscal years 2021 and 2020 to reflect the changes in its segments.
Certain income and shared costs and the results of corporate initiatives are managed by Corporate. Corporate primarily includes stock compensation expense, 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. Corporate costs are not used by the CODM to measure the underlying performance of the segments.
With the exception of goodwill and acquired intangible assets, 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 DATA202220212020
Net revenues:
Prestige$3,267.9 $2,720.8 $2,606.6 
Consumer Beauty2,036.5 1,909.1 2,111.2 
Total$5,304.4 $4,629.9 $4,717.8 
Depreciation and amortization:
Prestige$313.4 $350.4 $320.4 
Consumer Beauty203.0 234.9 264.3 
Total$516.4 $585.3 $584.7 
Operating income (loss) from continuing operations
Prestige$367.2 $158.1 $(279.2)
Consumer Beauty9.5 26.9 (531.3)
Corporate(135.8)(233.6)(426.0)
Total$240.9 $(48.6)$(1,236.5)
Reconciliation:
Operating income (loss) from continuing operations$240.9 $(48.6)$(1,236.5)
Interest expense, net224.0 235.1 242.7 
Other income, net(409.9)(43.9)(11.6)
Income (loss) from continuing operations before income taxes$426.8 $(239.8)$(1,467.6)
As of June 30,
Long-lived assets:20222021
U.S.$3,724.7 $3,919.0 
Netherlands3,313.5 3,880.8 
Brazil467.9 494.8 
All other1,026.9 1,204.6 
Total$8,533.0 $9,499.2 
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 2022, 2021 and 2020. The United States had net revenues of $1,477.7, $1,288.9 and $1,159.3 in fiscal 2022, 2021 and 2020, respectively. No customer or group of affiliated customers accounted for more than 10% of the Company’s Net revenues in fiscal 2022, 2021 and 2020 or are otherwise deemed significant.
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.
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 CATEGORY202220212020
Fragrances58.9 %57.4 %55.5 %
Color Cosmetics28.7 %29.3 %31.1 %
Body Care & Other7.4 %7.6 %8.3 %
Skincare5.0 %5.7 %5.1 %
Total100.0 %100.0 %100.0 %