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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 30, 2024
Jun. 30, 2023
Current assets:    
Cash and cash equivalents $ 300.8 $ 246.9
Restricted cash 19.8 36.9
Trade receivables—less allowances of $24.3 and $23.2, respectively 441.6 360.9
Inventories 764.1 853.4
Prepaid expenses and other current assets 437.2 553.6
Total current assets 1,963.5 2,051.7
Property and equipment, net 718.9 712.9
Goodwill 3,905.7 3,987.9
Other intangible assets, net 3,565.6 3,798.0
Equity investments 1,090.6 1,068.9
Operating lease right-of-use assets 255.3 286.7
Deferred income taxes 490.8 589.9
Other noncurrent assets 92.1 165.6
TOTAL ASSETS 12,082.5 12,661.6
Current liabilities:    
Accounts payable 1,405.6 1,444.7
Accrued expenses and other current liabilities 1,067.3 1,042.0
Short-term debt and current portion of long-term debt 3.0 57.9
Current operating lease liabilities 57.8 65.6
Income and other taxes payable 68.1 126.6
Total current liabilities 2,601.8 2,736.8
Long-term operating lease liabilities 218.7 247.5
Long-term debt, net 3,841.8 4,178.2
Pension and other post-employment benefits 275.2 280.7
Deferred income taxes 549.9 659.7
Other noncurrent liabilities 347.4 325.4
TOTAL LIABILITIES 7,834.8 8,428.3
COMMITMENTS AND CONTINGENCIES (Note 24)
CONVERTIBLE SERIES B PREFERRED STOCK, $0.01 par value; 1.0 shares authorized; 0.1 issued and outstanding, at June 30, 2024 and 2023, respectively 142.4 142.4
REDEEMABLE NONCONTROLLING INTERESTS 93.6 93.5
EQUITY:    
Preferred stock, $0.01 par value; 20.0 shares authorized; 1.0 issued and outstanding, at June 30, 2024 and 2023, respectively 0.0 0.0
Class A Common Stock, $0.01 par value; 1,250.0 shares authorized, 962.1 and 919.3 issued and 867.8 and 852.8 outstanding at June 30, 2024 and 2023, respectively 9.6 9.1
Additional paid-in capital 11,308.0 10,898.6
Accumulated deficit (4,898.5) (4,987.9)
Accumulated other comprehensive loss (795.1) (662.4)
Treasury stock—at cost, shares: 94.3 and 66.5 at June 30, 2024 and 2023, respectively (1,796.9) (1,446.3)
Total Coty Inc. stockholders’ equity 3,827.1 3,811.1
Noncontrolling interests 184.6 186.3
Total equity 4,011.7 3,997.4
TOTAL LIABILITIES, MEZZANINE EQUITY AND STOCKHOLDERS’ EQUITY $ 12,082.5 $ 12,661.6