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EMPLOYEE BENEFIT PLANS (Tables)
 12 Months Ended
Jun. 30, 2023
Retirement Benefits [Abstract]  
Schedule of changes in projected benefit obligations, fair value of plan assets, and funded status of plan
The aggregate reconciliation of the projected benefit obligations, plan assets, funded status and amounts recognized in the Company’s Consolidated Financial Statements related to the Company’s pension plans and other post-employment benefit plans is presented below:
Pension PlansOther Post-Employment BenefitsTotal
U.S.International
20232022202320222023202220232022
Change in benefit obligation
Benefit obligation—July 1$14.5 $18.9 $343.7 $515.9 $38.8 $50.2 $397.0 $585.0 
Service cost— — 4.8 9.1 0.6 0.8 5.4 9.9 
Interest cost0.7 0.5 10.9 5.9 1.7 0.8 13.3 7.2 
Plan participants’ contributions— — 1.1 1.5 0.2 0.2 1.3 1.7 
Benefits paid(1.4)(2.1)(14.5)(15.1)(1.9)(2.2)(17.8)(19.4)
New employees transfers in— — 1.0 4.2 — — 1.0 4.2 
Premiums paid— — (0.5)(0.5)— — (0.5)(0.5)
Pension curtailment— — (0.7)(1.6)— — (0.7)(1.6)
Other (a)
— — 16.2 — — — 16.2 — 
Pension settlement— — (4.2)(39.3)— — (4.2)(39.3)
Actuarial loss (gain)(0.8)(2.8)(16.6)(86.8)(3.3)(10.9)(20.7)(100.5)
Effect of exchange rates— — 14.4 (49.6)(0.1)(0.1)14.3 (49.7)
Benefit obligation—June 30$13.0 $14.5 $355.6 $343.7 $36.0 $38.8 $404.6 $397.0 
Change in plan assets
Fair value of plan assets—July 1$— $— $101.5 $159.1 $— $— $101.5 $159.1 
Actual return on plan assets— — 1.5 (11.6)— — 1.5 (11.6)
Employer contributions1.4 2.1 13.7 15.7 1.8 2.0 16.9 19.8 
Plan participants’ contributions— — 1.1 1.5 0.2 0.2 1.3 1.7 
Benefits paid(1.4)(2.1)(14.5)(15.1)(1.9)(2.2)(17.8)(19.4)
New employees transfers in— — 1.0 4.2 — — 1.0 4.2 
Premiums paid— — (0.5)(0.5)— — (0.5)(0.5)
Plan settlements— — (4.2)(39.1)— — (4.2)(39.1)
Other (a)
— — 16.2 — — — 16.2 — 
Effect of exchange rates— — 5.1 (12.7)— — 5.1 (12.7)
Fair value of plan assets—June 30— — 120.9 101.5 0.1 — 121.0 101.5 
Funded status—June 30$(13.0)$(14.5)$(234.7)$(242.2)$(35.9)$(38.8)$(283.6)$(295.5)
(a) In connection with the P&G Beauty business acquisition in 2016, the Company assumed certain international pension and OPEB obligations and assets (the “P&G plans”). At that time, the P&G plans had an active legal dispute that has been resolved during fiscal 2023, resulting in $16.2 of additional assets being paid to the Coty plans. The projected benefit obligation has also increased $16.2 to reflect the liability to distribute these funds to the employees who were originally in the P&G plans. We expect that most of these assets will be paid out in fiscal 2024.
Schedule of amounts recognized in balance sheet With respect to the Company’s pension plans and other post-employment benefit plans, amounts recognized in the Company’s Consolidated Balance Sheets as of June 30, 2023 and 2022, are presented below:
Pension PlansOther Post-Employment BenefitsTotal
U.S.International
20232022202320222023202220232022
Noncurrent assets$— $— $1.4 $1.4 $— $— $1.4 $1.4 
Current liabilities(1.3)(1.3)(0.5)(0.8)(2.5)(2.6)(4.3)(4.7)
Noncurrent liabilities(11.7)(13.2)(235.6)(242.8)(33.4)(36.2)(280.7)(292.2)
Funded status(13.0)(14.5)(234.7)(242.2)(35.9)(38.8)(283.6)(295.5)
AOC(L)/I1.4 3.5 56.1 39.8 18.5 17.6 76.0 60.9 
Net amount recognized$(11.6)$(11.0)$(178.6)$(202.4)$(17.4)$(21.2)$(207.6)$(234.6)
Schedule of accumulated benefit obligations in excess of fair value of plan assets Pension plans with accumulated benefit obligations in excess of plan assets and projected benefit obligations in excess of plan assets are presented below:
Pension plans with accumulated benefit obligations in excess of plan assetsPension plans with projected benefit obligations in excess of plan assets
U.S.InternationalU.S.International
20232022202320222023202220232022
Projected benefit obligation$13.0 $14.5 $342.0 $328.8 $13.0 $14.5 $342.0 $328.8 
Accumulated benefit obligation13.0 14.5 333.7 319.0 13.0 14.5 333.7 319.0 
Fair value of plan assets— — 106.2 85.3 — — 106.2 85.3 
Schedule of components of net periodic benefit cost for pension plans and other post-employment plans The components of net periodic benefit cost for pension plans and other post-employment benefit plans recognized in the Consolidated Statements of Operations are presented below:
Year Ended June 30,
Pension PlansOther Post-
Employment Benefits
U.S.InternationalTotal
202320222021202320222021202320222021202320222021
Service cost$— $— $— $4.8 $9.1 $18.4 $0.6 $0.8 $1.0 $5.4 $9.9 $19.4 
Interest cost0.7 0.5 0.5 10.9 5.9 8.4 1.7 0.8 1.3 13.3 7.2 10.2 
Expected return on plan assets— — — (3.4)(4.5)(6.3)— — — (3.4)(4.5)(6.3)
Amortization of prior service (credit) cost — — — (0.1)(0.1)(0.3)(0.2)(0.3)(3.3)(0.3)(0.4)(3.6)
Amortization of net (gain) loss(2.9)0.4 1.5 (0.7)(0.2)(0.2)(2.4)(0.2)(0.1)(6.0)— 1.2 
Settlements (gain) loss recognized— — — 0.2 1.8 3.8 — — — 0.2 1.8 3.8 
Curtailment (gain) loss recognized— — — (0.7)(1.3)(6.9)— — — (0.7)(1.3)(6.9)
Net periodic benefit cost$(2.2)$0.9 $2.0 $11.0 $10.7 $16.9 $(0.3)$1.1 $(1.1)$8.5 $12.7 $17.8 
Schedule of amounts recognized in other comprehensive income (loss)
Pre-tax amounts recognized in AOC(L)/I, which have not yet been recognized as a component of net periodic benefit cost are presented below:
Pension PlansOther Post-Employment Benefits
U.S.InternationalTotal
20232022202320222023202220232022
Net actuarial (loss) gain $1.4 $3.5 $55.3 $39.0 $18.2 $17.1 $74.9 $59.6 
Prior service credit (cost)— — 0.8 0.8 0.3 0.5 1.1 1.3 
Total recognized in AOC(L)/I$1.4 $3.5 $56.1 $39.8 $18.5 $17.6 $76.0 $60.9 
Changes in plan assets and benefit obligations recognized in OCI/(L) during the fiscal year are presented below:
Pension PlansOther Post-Employment Benefits
U.S.InternationalTotal
20232022202320222023202220232022
Net actuarial (loss) gain$0.8 $2.8 $14.7 $71.1 $3.3 $10.9 $18.8 $84.8 
Amortization or curtailment recognition of prior service (credit) cost— — (0.1)(0.1)(0.2)(0.3)(0.3)(0.4)
Recognized net actuarial (gain) loss(2.9)0.4 (0.5)1.7 (2.4)(0.2)(5.8)1.9 
Prior service credit (cost)— — — — — — — — 
Effect of exchange rates— — 2.1 (1.7)0.2 (0.5)2.3 (2.2)
Total recognized in OCI/(L)$(2.1)$3.2 $16.2 $71.0 $0.9 $9.9 $15.0 $84.1 
Schedule of assumptions used The weighted-average assumptions used to determine the Company’s projected benefit obligation above are presented below:
Pension PlansOther Post-Employment Benefits
U.S.International
202320222023202220232022
Discount rates
4.9%-5.3%
4.0%-4.7%
2.0%-4.2%
2.3%-3.4%
4.1%-5.1%
2.9%-4.7%
Future compensation growth ratesN/AN/A
1.3%-3.2%
1.1%-3.2%
N/AN/A
The weighted-average assumptions used to determine the Company’s net periodic benefit cost in fiscal 2023, 2022 and 2021 are presented below:
Pension PlansOther Post-
Employment Benefits
U.S.International
202320222021202320222021202320222021
Discount rates
4.0%-4.7%
2.4%-2.6%
2.5%-2.8%
2.3%-3.4%
0.3%-1.6%
0.4%-6.7%
2.9%-4.7%
1.5%-2.8%
1.7%-2.8%
Future compensation growth rates N/AN/AN/A
1.1%-3.2%
1.0%-2.5%
1.5%-6.7%
 N/AN/AN/A
Expected long-term rates of return on plan assets N/AN/AN/A
2.7%-3.8%
1.3%-3.8%
1.0%-5.8%
 N/AN/AN/A
Schedule of health care cost trend rates The health care cost trend rate assumptions have a significant effect on the amounts reported.
Year Ended June 30,
202320222021
Health care cost trend rate assumed for next year
7.1%
6.7%
7.5%-7.6%
Rate to which the cost trend rate is assumed to decline (the ultimate trend rate)4.5%4.5%4.5%
Year that the rate reaches the ultimate trend rate203020292027
Schedule of allocation of plan assets The target asset allocations for the Company’s pension plans as of June 30, 2023 and 2022, by asset category are presented below:
% of Plan Assets at Year Ended
Target20232022
Equity securities40%32%38%
Fixed income securities49%37%42%
Cash and other investments11%31%20%
The international pension plan assets that the Company measures at fair value on a recurring basis, based on the fair value hierarchy as described in Note 2—Summary of Significant Accounting Policies, as of June 30, 2023 and 2022 are presented below:
Level 1Level 2Level 3Total
20232022202320222023202220232022
Equity securities$32.1 $32.5 $— $— $— $— $32.1 $32.5 
Fixed income securities:
  Corporate securities37.3 33.8 — — — — 37.3 33.8 
Other:
  Cash and cash equivalents0.2 1.6 — — — — 0.2 1.6 
  Insurance contracts and other— — — — 51.4 33.6 51.4 33.6 
Total pension plan assets$69.6 $67.9 $— $— $51.4 $33.6 $121.0 $101.5 
Schedule of effect of significant unobservable inputs, changes in plan assets The reconciliations of Level 3 plan assets measured at fair value in fiscal 2023 and 2022 are presented below:
June 30,
2023		June 30,
2022
Insurance contracts:
Fair value—July 1$33.6 $75.2 
Return on plan assets(0.3)(7.5)
Purchases, sales and settlements, net15.5 (31.6)
Effect of exchange rates2.6 (2.5)
Fair value—June 30$51.4 $33.6 
Schedule of expected benefit payments Expected benefit payments, which reflect expected future service, as appropriate, are presented below:
Pension PlansOther Post-Employment BenefitsTotal
Fiscal Year Ending June 30,U.S.International
2024$1.3 $21.7 $2.5 $25.5 
20251.3 18.3 2.7 22.3 
20261.2 19.0 2.8 23.0 
20271.2 19.6 2.9 23.7 
20281.2 19.8 3.0 24.0 
2029 - 20325.3 106.9 15.6 127.8