SEGMENT REPORTING

9 Months Ended

Mar. 31, 2023

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 ("CEO") as the CODM.

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, divestiture and license termination 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, 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 9—Goodwill and Other Intangible Assets, net.

	Three Months Ended March 31,				Nine Months Ended March 31,
SEGMENT DATA	2023		2022		2023		2022
Net revenues:
Prestige	$	799.7	$	726.4	$	2,620.9	$	2,605.1
Consumer Beauty	489.2		459.8		1,581.6		1,531.0
Total	$	1,288.9	$	1,186.2	$	4,202.5	$	4,136.1
Operating income (loss):
Prestige	102.4		83.8		437.3		357.5
Consumer Beauty	(27.9)		(20.4)		53.3		34.3
Corporate	(31.0)		(6.3)		(75.9)		(73.5)
Total	$	43.5	$	57.1	$	414.7	$	318.3
Reconciliation:
Operating income	43.5		57.1		414.7		318.3
Interest expense, net	58.8		62.9		185.7		183.6
Other income, net	(156.9)		(60.6)		(397.0)		(572.9)
Income from continuing operations before income taxes	$	141.6	$	54.8	$	626.0	$	707.6

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	2023		2022		2023		2022
Fragrance	59.2	%	57.6	%	60.3	%	60.3	%
Color Cosmetics	29.2		29.6		27.4		27.8
Body Care & Other	6.7		7.3		7.5		7.0
Skincare	4.9		5.5		4.8		4.9
Total	100.0	%	100.0	%	100.0	%	100.0	%