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EMPLOYEE BENEFIT PLANS (Tables)
 12 Months Ended
Jun. 30, 2024
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
20242023202420232024202320242023
Change in benefit obligation
Benefit obligation—July 1$13.0 $14.5 $355.6 $343.7 $36.0 $38.8 $404.6 $397.0 
Service cost— — 5.1 4.8 0.5 0.6 5.6 5.4 
Interest cost0.7 0.7 12.8 10.9 1.5 1.7 15.0 13.3 
Plan participants’ contributions— — 1.5 1.1 0.1 0.2 1.6 1.3 
Benefits paid(1.3)(1.4)(15.5)(14.5)(1.8)(1.9)(18.6)(17.8)
New employees transfers (out)/in— — (0.8)1.0 — — (0.8)1.0 
Premiums paid— — (0.6)(0.5)— — (0.6)(0.5)
Pension curtailment— — (0.1)(0.7)— — (0.1)(0.7)
Other (a)
— — — 16.2 — — — 16.2 
Pension settlement— — (0.1)(4.2)— — (0.1)(4.2)
Actuarial loss (gain)0.1 (0.8)8.5 (16.6)(4.5)(3.3)4.1 (20.7)
Effect of exchange rates— — (5.4)14.4 (0.1)(0.1)(5.5)14.3 
Benefit obligation—June 30$12.5 $13.0 $361.0 $355.6 $31.7 $36.0 $405.2 $404.6 
Change in plan assets
Fair value of plan assets—July 1$— $— $120.9 $101.5 $0.1 $— $121.0 $101.5 
Actual return on plan assets— — 8.6 1.5 — — 8.6 1.5 
Employer contributions1.3 1.4 15.2 13.7 1.7 1.8 18.2 16.9 
Plan participants’ contributions— — 1.5 1.1 0.2 0.2 1.7 1.3 
Benefits paid(1.3)(1.4)(15.5)(14.5)(1.8)(1.9)(18.6)(17.8)
New employees transfers (out)/in— — (0.8)1.0 — — (0.8)1.0 
Premiums paid— — (0.6)(0.5)— — (0.6)(0.5)
Plan settlements— — (0.1)(4.2)— — (0.1)(4.2)
Other (a)
— — — 16.2 — — — 16.2 
Effect of exchange rates— — (1.2)5.1 — — (1.2)5.1 
Fair value of plan assets—June 30— — 128.0 120.9 0.2 0.1 128.2 121.0 
Funded status—June 30$(12.5)$(13.0)$(233.0)$(234.7)$(31.5)$(35.9)$(277.0)$(283.6)
(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 $16.2 to reflect the liability to distribute these funds to the employees who were originally in the P&G plans. We expect that most of these assets will be paid out over the next few fiscal years.
Schedule of amounts recognized in balance sheet
With respect to the Company’s pension plans and other post-employment benefit plans, amounts recognized in the Company’s Consolidated Balance Sheets as of June 30, 2024 and 2023, are presented below:
Pension PlansOther Post-Employment BenefitsTotal
U.S.International
20242023202420232024202320242023
Noncurrent assets$— $— $1.8 $1.4 $— $— $1.8 $1.4 
Current liabilities(1.3)(1.3)(0.2)(0.5)(2.1)(2.5)(3.6)(4.3)
Noncurrent liabilities(11.2)(11.7)(234.6)(235.6)(29.4)(33.4)(275.2)(280.7)
Funded status(12.5)(13.0)(233.0)(234.7)(31.5)(35.9)(277.0)(283.6)
AOC(L)/I0.5 1.4 47.8 56.1 19.1 18.5 67.4 76.0 
Net amount recognized$(12.0)$(11.6)$(185.2)$(178.6)$(12.4)$(17.4)$(209.6)$(207.6)
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
20242023202420232024202320242023
Projected benefit obligation$12.5 $13.0 $346.8 $342.0 $12.5 $13.0 $346.8 $342.0 
Accumulated benefit obligation12.5 13.0 338.7 333.7 12.5 13.0 338.7 333.7 
Fair value of plan assets— — 112.2 106.2 — — 112.2 106.2 
Schedule of components of net periodic benefit cost for pension plans and other post-employment plans
The components of net periodic benefit cost for pension plans and other post-employment benefit plans recognized in the Consolidated Statements of Operations are presented below:
Year Ended June 30,
Pension PlansOther Post-
Employment Benefits
U.S.InternationalTotal
202420232022202420232022202420232022202420232022
Service cost$— $— $— $5.1 $4.8 $9.1 $0.5 $0.6 $0.8 $5.6 $5.4 $9.9 
Interest cost0.7 0.7 0.5 12.8 10.9 5.9 1.5 1.7 0.8 15.0 13.3 7.2 
Expected return on plan assets— — — (4.8)(3.4)(4.5)— — — (4.8)(3.4)(4.5)
Amortization of prior service (credit) cost — — — (0.1)(0.1)(0.1)(0.2)(0.2)(0.3)(0.3)(0.3)(0.4)
Amortization of net (gain) loss(0.9)(2.9)0.4 (2.4)(0.7)(0.2)(3.5)(2.4)(0.2)(6.8)(6.0)— 
Settlements (gain) loss recognized— — — — 0.2 1.8 — — — — 0.2 1.8 
Curtailment (gain) loss recognized— — — (0.1)(0.7)(1.3)— — — (0.1)(0.7)(1.3)
Net periodic benefit cost$(0.2)$(2.2)$0.9 $10.5 $11.0 $10.7 $(1.7)$(0.3)$1.1 $8.6 $8.5 $12.7 
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
20242023202420232024202320242023
Net actuarial (loss) gain $0.5 $1.4 $47.2 $55.3 $19.1 $18.2 $66.8 $74.9 
Prior service credit (cost)— — 0.6 0.8 — 0.3 0.6 1.1 
Total recognized in AOC(L)/I$0.5 $1.4 $47.8 $56.1 $19.1 $18.5 $67.4 $76.0 
Changes in plan assets and benefit obligations recognized in OCI/(L) during the fiscal year are presented below:
Pension PlansOther Post-Employment Benefits
U.S.InternationalTotal
20242023202420232024202320242023
Net actuarial (loss) gain$(0.1)$0.8 $(4.8)$14.7 $4.5 $3.3 $(0.4)$18.8 
Amortization or curtailment recognition of prior service (credit) cost— — (0.1)(0.1)(0.2)(0.2)(0.3)(0.3)
Recognized net actuarial (gain) loss(0.9)(2.9)(2.4)(0.5)(3.5)(2.4)(6.8)(5.8)
Effect of exchange rates— — (0.9)2.1 (0.1)0.2 (1.0)2.3 
Total recognized in OCI/(L)$(1.0)$(2.1)$(8.2)$16.2 $0.7 $0.9 $(8.5)$15.0 
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
202420232024202320242023
Discount rates
5.3%-5.4%
4.9%-5.3%
1.5%-3.9%
2.0%-4.2%
3.8%-5.4%
4.1%-5.1%
Future compensation growth ratesN/AN/A
1.0%-3.2%
1.3%-3.2%
N/AN/A
The weighted-average assumptions used to determine the Company’s net periodic benefit cost in fiscal 2024, 2023 and 2022 are presented below:
Pension PlansOther Post-
Employment Benefits
U.S.International
202420232022202420232022202420232022
Discount rates
4.9%-5.3%
4.0%-4.7%
2.4%-2.6%
2.0%-4.2%
2.3%-3.4%
0.3%-1.6%
4.1%-5.1%
2.9%-4.7%
1.5%-2.8%
Future compensation growth rates N/AN/AN/A
1.3%-3.2%
1.1%-3.2%
1.0%-2.5%
 N/AN/AN/A
Expected long-term rates of return on plan assets N/AN/AN/A
3.5%-4.5%
2.7%-3.8%
1.3%-3.8%
 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,
202420232022
Health care cost trend rate assumed for next year
8.3%
7.1%
6.7%
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 rate203220302029
Schedule of allocation of plan assets
The target asset allocations for the Company’s pension plans as of June 30, 2024 and 2023, by asset category are presented below:
% of Plan Assets at Year Ended
Target20242023
Equity securities40%35%32%
Fixed income securities50%38%37%
Cash and other investments11%27%31%
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, 2024 and 2023 are presented below:
Level 1Level 2Level 3Total
20242023202420232024202320242023
Equity securities$32.8 $32.1 $— $— $— $— $32.8 $32.1 
Fixed income securities:
  Corporate securities38.2 37.3 — — — — 38.2 37.3 
Other:
  Cash and cash equivalents0.3 0.2 — — — — 0.3 0.2 
  Insurance contracts and other— — — — 56.9 51.4 56.9 51.4 
Total pension plan assets$71.3 $69.6 $— $— $56.9 $51.4 $128.2 $121.0 
Schedule of effect of significant unobservable inputs, changes in plan assets
The reconciliations of Level 3 plan assets measured at fair value in fiscal 2024 and 2023 are presented below:
June 30,
2024		June 30,
2023
Insurance contracts:
Fair value—July 1$51.4 $33.6 
Return on plan assets3.3 (0.3)
Purchases, sales and settlements, net2.4 15.5 
Effect of exchange rates(0.2)2.6 
Fair value—June 30$56.9 $51.4 
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
2025$1.3 $22.2 $2.1 $25.6 
20261.3 18.8 2.3 22.4 
20271.2 19.8 2.5 23.5 
20281.2 19.7 2.6 23.5 
20291.2 21.6 2.8 25.6 
2030 - 20325.1 105.0 14.6 124.7