Coty (COTY) 10-Q 8 Nov 21 2022 Q1 Quarterly report Financial data

Cover Page

Cover Page - shares	3 Months Ended
	Sep. 30, 2021	Nov. 01, 2021
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2021
Document Transition Report	false
Entity File Number	001-35964
Entity Registrant Name	COTY INC.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	13-3823358
Entity Address, Address Line One	350 Fifth Avenue,
Entity Address, City or Town	New York,
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	10118
City Area Code	212
Local Phone Number	389-7300
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth	false
Entity Shell Company	false
Title of 12(b) Security	Class A Common Stock, $0.01 par value
Trading Symbol	COTY
Security Exchange Name	NYSE
Entity Common Stock, Shares Outstanding (in shares)		818,476,414
Amendment Flag	false
Entity Central Index Key	0001024305
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q1
Current Fiscal Year End Date	--06-30

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Millions, $ in Millions	3 Months Ended
	Sep. 30, 2021	Sep. 30, 2020
Income Statement [Abstract]
Net revenues	$ 1,371.7	$ 1,124.1
Cost of sales	504.8	464.9
Gross profit	866.9	659.2
Selling, general and administrative expenses	776.3	583.4
Amortization expense	57	65.4
Restructuring costs	12.4	30.1
Acquisition- and divestiture-related costs	4	46.3
Operating income (loss)	17.2	(66)
Interest expense, net	59.8	62.1
Other income, net	(386.1)	(5.8)
Income (loss) from continuing operations before income taxes	343.5	(122.3)
Provision (benefit) for income taxes on continuing operations	114.6	(244.9)
Net income from continuing operations	228.9	122.6
Net income from discontinued operations	0	104.7
Net income	228.9	227.3
Net (loss) income attributable to noncontrolling interests	(0.5)	0.4
Net income attributable to redeemable noncontrolling interests	3.4	5.5
Net income attributable to Coty Inc.	226	221.4
Amounts attributable to Coty Inc.
Net income from continuing operations	226	116.7
Convertible Series B Preferred Stock dividends	(123)	(20.8)
Net income from continuing operations attributable to common stockholders	103	95.9
Net income from discontinued operations	0	104.7
Net income attributable to common stockholders	$ 103	$ 200.6
Earnings per common share:
Earnings from continuing operations per common share - basic (in dollars per share)	$ 0.13	$ 0.13
Earnings from continuing operations per common share - diluted (in dollars per share)	0.13	0.13
Earnings from discontinued operations - basic (in dollars per share)	0	0.13
Earnings from discontinued operations - diluted (in dollars per share)	0	0.11
Earnings per common share - basic (in dollars per share)	0.13	0.26
Earnings per common share - diluted (in dollars per share)	$ 0.13	$ 0.24
Weighted-average common shares outstanding:
Basic (in shares)	777.6	763.9
Diluted (in shares)	787.7	916.7

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($) $ in Millions	3 Months Ended
	Sep. 30, 2021	Sep. 30, 2020
Statement of Comprehensive Income [Abstract]
Net income	$ 228.9	$ 227.3
Other comprehensive income (loss):
Foreign currency translation adjustment	(143.1)	(10.5)
Net unrealized derivative gain (loss) on cash flow hedges, net of taxes of $(1.6) and $(1.9) during the three months ended, respectively	4.4	5.7
Pension and other post-employment benefits adjustment, net of tax of $0.0 and $0.0 during the three months ended, respectively	0.5	(1.2)
Total other comprehensive loss, net of tax	(138.2)	(6)
Comprehensive income	90.7	221.3
Comprehensive income attributable to noncontrolling interests:
Net (loss) income	(0.5)	0.4
Foreign currency translation adjustment	(0.2)	(0.1)
Total comprehensive (loss) income attributable to noncontrolling interests	(0.7)	0.3
Comprehensive income attributable to redeemable noncontrolling interests:
Net income	3.4	5.5
Comprehensive income attributable to Coty Inc.	$ 88	$ 215.5

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (Parentheticals) - USD ($) $ in Millions	3 Months Ended
	Sep. 30, 2021	Sep. 30, 2020
Statement of Comprehensive Income [Abstract]
Change in derivative gains on cash flow hedges, tax expense (benefit)	$ (1.6)	$ (1.9)
Pension and other post-employment benefits (losses), tax expense (benefit)	$ 0	$ 0

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Sep. 30, 2021	Jun. 30, 2021
Current assets:
Cash and cash equivalents	$ 376.9	$ 253.5
Restricted cash	45.5	56.9
Trade receivables—less allowances of $52.6 and $47.7, respectively	517.8	348
Inventories	660.7	650.8
Prepaid expenses and other current assets	459.3	473.9
Total current assets	2,060.2	1,783.1
Property and equipment, net	847.1	918.1
Goodwill	4,037.4	4,118.1
Other intangible assets, net	4,336	4,463
Equity investments	1,665.6	1,276.2
Operating lease right-of-use assets	302.6	318.5
Deferred income taxes	738.8	758.5
Other noncurrent assets	50.7	55.9
TOTAL ASSETS	14,038.4	13,691.4
Current liabilities:
Accounts payable	1,232.5	1,166.1
Accrued expenses and other current liabilities	1,298.4	1,096
Mandatorily redeemable Convertible Series B Preferred Stock	394.2	0
Short-term debt and current portion of long-term debt	24	24.2
Current operating lease liabilities	69	75.7
Income and other taxes payable	53.7	53.4
Total current liabilities	3,071.8	2,415.4
Long-term debt, net	5,250	5,401
Long-term operating lease liabilities	257.8	269.3
Pension and other post-employment benefits	410.8	420.6
Deferred income taxes	768.4	674.9
Other noncurrent liabilities	298.3	327.6
Total liabilities	10,057.1	9,508.8
COMMITMENTS AND CONTINGENCIES (See Note 19)
CONVERTIBLE SERIES B PREFERRED STOCK, $0.01 par value; 1.0 shares authorized; 0.7 and 1.0 issued and 0.7 and 1.0 and outstanding, respectively, at September 30, 2021 and June 30, 2021	453.7	1,036.3
REDEEMABLE NONCONTROLLING INTERESTS	83.4	84.1
EQUITY:
Preferred Stock, $0.01 par value; 20.0 shares authorized, 1.5 issued and outstanding at September 30, 2021 and June 30, 2021	0	0
Class A Common Stock, $0.01 par value; 1,250.0 shares authorized, 883.3 and 832.3 issued and 817.0 and 766.0 outstanding, respectively, at September 30, 2021 and June 30, 2021	8.8	8.3
Additional paid-in capital	10,670.4	10,376.2
Accumulated deficit	(5,529.6)	(5,755.6)
Accumulated other comprehensive income	(459.9)	(321.9)
Treasury stock—at cost, shares: 66.3 at September 30, 2021 and at June 30, 2021	(1,446.3)	(1,446.3)
Total Coty Inc. stockholders’ equity	3,243.4	2,860.7
Noncontrolling interests	200.8	201.5
Total equity	3,444.2	3,062.2
TOTAL LIABILITIES, MEZZANINE EQUITY AND STOCKHOLDERS’ EQUITY	$ 14,038.4	$ 13,691.4

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parentheticals) - USD ($) $ in Millions	Sep. 30, 2021	Jun. 30, 2021
Statement of Financial Position [Abstract]
Trade receivables, allowances	$ 52.6	$ 47.7
Convertible Series B preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Convertible Series B preferred stock, shares authorized (in shares)	1,000,000	1,000,000
Convertible Series B preferred stock, shares issued (in shares)	700,000	1,000,000
Convertible Series B preferred stock, shares outstanding (in shares)	700,000	1,000,000
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized (in shares)	20,000,000	20,000,000
Preferred stock, shares issued (in shares)	1,500,000	1,500,000
Preferred stock, shares outstanding (in shares)	1,500,000	1,500,000
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	1,250,000,000	1,250,000,000
Common stock, shares issued (in shares)	883,300,000	832,300,000
Common stock, shares outstanding (in shares)	817,000,000	766,000,000
Treasury stock, at cost, shares (in shares)	66,300,000	66,300,000

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF EQUITY - USD ($) shares in Millions, $ in Millions	Total	Cumulative Effect, Period of Adoption, Adjustment	Cumulative Effect, Period of Adoption, Adjusted Balance	Total Coty Inc. Stockholders’ Equity	Total Coty Inc. Stockholders’ EquityCumulative Effect, Period of Adoption, Adjustment	Total Coty Inc. Stockholders’ EquityCumulative Effect, Period of Adoption, Adjusted Balance	Preferred Stock	Preferred StockCumulative Effect, Period of Adoption, Adjusted Balance	Common Stock	Common StockClass A Common Stock	Common StockClass A Common StockCumulative Effect, Period of Adoption, Adjusted Balance	Additional Paid-in Capital	Additional Paid-in CapitalCumulative Effect, Period of Adoption, Adjusted Balance	(Accumulated Deficit)	(Accumulated Deficit)Cumulative Effect, Period of Adoption, Adjustment	(Accumulated Deficit)Cumulative Effect, Period of Adoption, Adjusted Balance	Accumulated Other Comprehensive (Loss) Income	Accumulated Other Comprehensive (Loss) IncomeCumulative Effect, Period of Adoption, Adjusted Balance	Treasury Stock	Treasury StockCumulative Effect, Period of Adoption, Adjusted Balance	Noncontrolling Interests	Noncontrolling InterestsCumulative Effect, Period of Adoption, Adjusted Balance
Balance, beginning of period (in shares) at Jun. 30, 2020							1.5	1.5		830.6	830.6								65.5	65.5
Balance, beginning of period at Jun. 30, 2020	$ 3,228.8	$ (5.7)	$ 3,223.1	$ 3,004.6	$ (5.7)	$ 2,998.9	$ 0	$ 0		$ 8.3	$ 8.3	$ 10,447.4	$ 10,447.4	$ (5,548.6)	$ (5.7)	$ (5,554.3)	$ (456.2)	$ (456.2)	$ (1,446.3)	$ (1,446.3)	$ 224.2	$ 224.2
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Exercise of employee stock options and restricted stock unit (in shares)										0.6
Shares withheld for employee taxes	(1)			(1)								(1)
Share-based compensation expense	6.2			6.2								6.2
Changes in dividends accrued	0.8			0.8								0.8
Dividends accrued- Convertible Series B Preferred Stock	(20.8)			(20.8)								(20.8)
Net income (loss)	221.8			221.4										221.4							0.4
Other comprehensive loss	(6)			(5.9)													(5.9)				(0.1)
Adjustment of redeemable noncontrolling interests to redemption value	1.5			1.5								1.5
Balance, end of period (in shares) at Sep. 30, 2020							1.5			831.2									65.5
Balance, end of period at Sep. 30, 2020	3,425.6			3,201.1			$ 0			$ 8.3		10,434.1		(5,332.9)			(462.1)		$ (1,446.3)		224.5
Balance, beginning of period at Jun. 30, 2020	79.1		79.1
Balance, beginning of period at Jun. 30, 2020	715.8		$ 715.8
Redeemable Noncontrolling Interests
Issuance of Preferred Stock	242.4
Dividends accrued- Convertible Series B Preferred Stock	20.8
Net income (loss)	5.5
Adjustment of redeemable noncontrolling interests to redemption value	(1.5)
Balance, end of period at Sep. 30, 2020	83.1
Balance, end of period at Sep. 30, 2020	979
Balance, beginning of period (in shares) at Jun. 30, 2021							1.5			832.3									66.3
Balance, beginning of period at Jun. 30, 2021	3,062.2			2,860.7			$ 0			$ 8.3		10,376.2		(5,755.6)			(321.9)		$ (1,446.3)		201.5
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Exercise of employee stock options and restricted stock unit (in shares)										51
Exercise of employee stock options and restricted stock units	0			0								0
Shares withheld for employee taxes	(4.2)			(4.2)								(4.2)
Share-based compensation expense	107.8			107.8								107.8
Equity Investment contribution for share-based compensation	1.6			1.6								1.6
Changes in dividends accrued	0.5			0.5								0.5
Conversion of Convertible Series B Preferred Stock	307.9			307.9					$ 0.5			307.4
Reclassification to Mandatorily redeemable Convertible Series B Preferred Stock	(394.2)
Dividends accrued- Convertible Series B Preferred Stock	(22.7)			(22.7)								(22.7)
Deemed Dividends - Conversion of Convertible Series B Preferred Stock	(6.7)			(6.7)								(6.7)
Deemed Dividends - Exchange Agreement	(93.6)			(93.6)								(93.6)
Net income (loss)	225.5			226										226							(0.5)
Other comprehensive loss	(138.2)			(138)													(138)				(0.2)
Adjustment of redeemable noncontrolling interests to redemption value	4.1			4.1								4.1
Balance, end of period (in shares) at Sep. 30, 2021							1.5			883.3									66.3
Balance, end of period at Sep. 30, 2021	3,444.2			3,243.4			$ 0			$ 8.8		10,670.4		$ (5,529.6)			$ (459.9)		$ (1,446.3)		$ 200.8
Balance, beginning of period at Jun. 30, 2021	84.1
Balance, beginning of period at Jun. 30, 2021	1,036.3
Redeemable Noncontrolling Interests
Conversion of Convertible Series B Preferred Stock	(307.9)			$ (307.9)					$ (0.5)			$ (307.4)
Dividends accrued- Convertible Series B Preferred Stock	22.7
Deemed Dividends - Conversion of Convertible Series B Preferred Stock	6.7
Deemed Dividends - Exchange Agreement	93.6
Dividends Paid - Convertible Series B Preferred Stock	(3.5)
Net income (loss)	3.4
Adjustment of redeemable noncontrolling interests to redemption value	(4.1)
Balance, end of period at Sep. 30, 2021	83.4
Balance, end of period at Sep. 30, 2021	$ 453.7

CONDENSED CONSOLIDATED STATEM_5

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	3 Months Ended
	Sep. 30, 2021	Sep. 30, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$ 228.9	$ 227.3
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	137.8	146.2
Non-cash lease expense	18.2	18
Deferred income taxes	89.9	(216)
Provision (releases) for bad debts	1.9	(3.4)
Provision for pension and other post-employment benefits	4.1	2.1
Share-based compensation	108.2	7
Unrealized gains from equity investments, net	(389.4)	0
Foreign exchange effects	(3.9)	16.9
Other	10.5	9.7
Change in operating assets and liabilities
Trade receivables	(183.5)	(149.7)
Inventories	(24.4)	(15.5)
Prepaid expenses and other current assets	(2.6)	9.2
Accounts payable	82.9	(103.9)
Accrued expenses and other current liabilities	231	152.6
Operating lease liabilities	(20.4)	(34.9)
Income and other taxes payable	16.1	(3.4)
Other noncurrent assets	3.3	9.7
Other noncurrent liabilities	(22.9)	(29.3)
Net cash provided by operating activities	285.7	42.6
CASH FLOWS FROM INVESTING ACTIVITIES:
Capital expenditures	(45)	(70.9)
Proceeds from sale of business, net of cash disposed	0	27
Termination of currency swaps designated as net investment hedges	0	(37.6)
Net cash used in investing activities	(45)	(81.5)
CASH FLOWS FROM FINANCING ACTIVITIES:
Net proceeds from short-term debt, original maturity less than three months	0	1.6
Proceeds from revolving loan facilities	285.3	637.4
Repayments of revolving loan facilities	(365.5)	(554.2)
Repayments of term loans and other long-term debt	(6)	(48.3)
Dividend payment on Class A Common Stock	(0.8)	(0.8)
Dividend payment on Convertible Series B Preferred Stock	(3.5)	0
Proceeds from issuance of Convertible Series B Preferred Stock	0	227.2
Net (payments of) proceeds from foreign currency contracts	(11)	3.3
Purchase of remaining mandatorily redeemable noncontrolling interest	(7.1)	0
Distributions to noncontrolling interests, redeemable noncontrolling interests and mandatorily redeemable financial instruments	0	(0.5)
Payment of financing fees	(10.4)	0
All other	(3.7)	(1.5)
Net cash (used in) provided by financing activities	(122.7)	264.2
EFFECT OF EXCHANGE RATES ON CASH, CASH EQUIVALENTS AND RESTRICTED CASH	(6)	(2)
NET INCREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH	112	223.3
CASH, CASH EQUIVALENTS AND RESTRICTED CASH—Beginning of period	310.4	352
CASH, CASH EQUIVALENTS AND RESTRICTED CASH—End of period	422.4	575.3
SUPPLEMENTAL DISCLOSURE OF CASH FLOWS INFORMATION:
Cash paid during the period for interest	20.9	44.3
Net cash payments (refunds) for income taxes	13.1	(16.1)
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:
Accrued capital expenditure additions	53.1	46
Non-cash Series B Preferred Stock dividends and deemed dividends (See Note 15)	$ 119.5	$ 20.8

DESCRIPTION OF BUSINESS

DESCRIPTION OF BUSINESS	3 Months Ended
	Sep. 30, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
DESCRIPTION OF BUSINESS	DESCRIPTION OF BUSINESS Coty Inc. and its subsidiaries (collectively, the “Company” or “Coty”) manufacture, market, sell and distribute branded beauty products, including fragrances, color cosmetics and skin & body related products throughout the world. Coty is a global beauty company with a rich entrepreneurial history and an iconic portfolio of brands. The Company operates on a fiscal year basis with a year-end of June 30. Unless otherwise noted, any reference to a year preceded by the word “fiscal” refers to the fiscal year ended June 30 of that year. For example, references to “fiscal 2022” refer to the fiscal year ending June 30, 2022. When used in this Quarterly Report on Form 10-Q, the term “includes” and “including” means, unless the context otherwise indicates, including without limitation. The Company’s sales generally increase during the second fiscal quarter as a result of increased demand associated with the winter holiday season. Financial performance, working capital requirements, sales, cash flows and borrowings generally experience variability during the three to six months preceding the holiday season. Product innovations, new product launches and the size and timing of orders from the Company’s customers may also result in variability. On November 30, 2020, the Company completed the previously announced strategic transaction with Rainbow UK Bidco Limited (“KKR Bidco”) (an affiliate of funds and/or separately managed accounts (“KKR Funds”) advised and/or managed by Kohlberg Kravis Roberts & Co. L.P. and its affiliates (“KKR”)), for the sale of a majority stake in Coty’s Professional and Retail Hair businesses, including the Wella, Clairol, OPI and ghd brands, (together, the “Wella Business”). As a result, Coty owned a 40% stake in Rainbow JVCO LTD and subsidiaries (together, "Wella") as of September 30, 2021. See Note 8—Equity Investments for additional information. As previously disclosed, the Company's chief operating decision maker ("CODM") has been in the process of finalizing her organization structure and how she will assess performance, and the Company has concurrently evaluated the potential impact to its segment reporting. Based on this evaluation, the Company has determined that it is appropriate to realign its reportable segments to a principally product category-based structure, comprised of a Prestige business segment and a Consumer Beauty business segment. See Note 4—Segment Reporting for information on the Company's segments.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	3 Months Ended
	Sep. 30, 2021
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation The unaudited interim Condensed Consolidated Financial Statements are presented in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information and include the Company’s consolidated domestic and international subsidiaries. Certain information and disclosures normally included in consolidated financial statements prepared in accordance with GAAP have been condensed or omitted. Accordingly, these unaudited interim Condensed Consolidated Financial Statements and accompanying footnotes should be read in conjunction with the Company’s Consolidated Financial Statements as of and for the year ended June 30, 2021. In the opinion of management, all adjustments, of a normal recurring nature, considered necessary for a fair presentation have been included in the Condensed Consolidated Financial Statements. The results of operations for the three months ended September 30, 2021 are not necessarily indicative of the results of operations to be expected for the full fiscal year ending June 30, 2022. All dollar amounts (other than per share amounts) in the following discussion are in millions of United States (“U.S.”) dollars, unless otherwise indicated. Restricted Cash Restricted cash represents funds that are not readily available for general purpose cash needs due to contractual limitations. Restricted cash is classified as a current or long-term asset based on the timing and nature of when or how the cash is expected to be used or when the restrictions are expected to lapse. As of September 30, 2021 and June 30, 2021, the Company had restricted cash of $45.5 and $56.9, respectively, included in Restricted cash in the Condensed Consolidated Balance Sheets. The Restricted cash balance as of September 30, 2021 primarily provides collateral for certain bank guarantees on rent, customs and duty accounts and also consists of collections on factored receivables that remain unremitted to the factor as of September 30, 2021. Restricted cash is included as a component of Cash, cash equivalents and restricted cash in the Condensed Consolidated Statement of Cash Flows. Equity Investments The Company elected the fair value option to account for its investment in Wella to align with the Company’s strategy for this investment. The fair value is updated on a quarterly basis. The investment is classified within Level 3 in the fair value hierarchy because the Company estimates the fair value of the investment using a combination of the income approach, the market approach and private transactions, when applicable. Changes in the fair value of equity investment under the fair value option are recorded in Other income, net within the Condensed Consolidated Statements of Operations (see Note 8—Equity Investments). Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and revenues and expenses during the period reported. Significant accounting policies that contain subjective management estimates and assumptions include those related to revenue recognition, the net realizable value of inventory, the fair value of acquired assets and liabilities associated with acquisitions, the fair value of equity investments, the assessment of goodwill, other intangible assets and long-lived assets for impairment and income taxes. Management evaluates its estimates and assumptions on an ongoing basis using historical experience and other factors, including the current economic environment, and makes adjustments when facts and circumstances dictate. As future events and their effects cannot be determined with precision, actual results could differ significantly from those estimates and assumptions. Significant changes, if any, in those estimates and assumptions resulting from continuing changes in the economic environment will be reflected in the Condensed Consolidated Financial Statements in future periods. Tax Information The effective income tax rate for the three months ended September 30, 2021 and 2020 was 33.4% and 200.2%, respectively. The positive effective tax rate for the three months ended September 30, 2021 results from reporting income before taxes and a provision for income taxes. The positive effective tax rate for the three months ended September 30, 2020 results from reporting losses before income taxes and a benefit for income taxes. The change in the effective tax rate for the three months ended September 30, 2021, as compared with the three months ended September 30, 2020, is primarily due to the limitation on the deductibility of executive stock compensation in the current period as well as a benefit related to a change in the Company's main principal location of $220.5 recorded in the prior period. The benefit recorded in the prior period was the result of a tax rate differential on the deferred taxes recognized on the transfer of assets and liabilities, following the relocation of the Company's main principal location from Geneva to Amsterdam. The effective income tax rates vary from the U.S. federal statutory rate of 21% due to the effect of (i) jurisdictions with different statutory rates, (ii) adjustments to the Company’s unrealized tax benefits (“UTBs”) and accrued interest, (iii) non-deductible expenses, (iv) audit settlements and (v) valuation allowance changes. As of September 30, 2021 and June 30, 2021, the gross amount of UTBs was $278.5 and $279.9, respectively. As of September 30, 2021, the total amount of UTBs that, if recognized, would impact the effective income tax rate is $158.2. As of September 30, 2021 and June 30, 2021, the liability associated with UTBs, including accrued interest and penalties, was $180.6 and $181.2, respectively, which was recorded in Income and other taxes payable and Other noncurrent liabilities in the Condensed Consolidated Balance Sheets. The total interest and penalties recorded in the Condensed Consolidated Statements of Operations related to UTBs was $0.7 and $1.3 for the three months ended September 30, 2021 and 2020, respectively. The total gross accrued interest and penalties recorded in the Condensed Consolidated Balance Sheets as of September 30, 2021 and June 30, 2021 was $22.4 and $21.7, respectively. On the basis of the information available as of September 30, 2021, it is reasonably possible that a decrease of up to $20.0 in UTBs may occur within twelve months as a result of projected resolutions of global tax examinations and a potential lapse of the applicable statutes of limitations. Recently Adopted Accounting Pronouncements In January 2020, the FASB issued ASU No. 2020-01, Investments—Equity Securities (Topic 321), Investments—Equity Method and Joint Ventures (Topic 323), and Derivatives and Hedging (Topic 815) , which clarifies certain interactions between the accounting for equity securities, equity method investments, and certain derivative instruments. The Company adopted this guidance in the first quarter of fiscal 2022. The adoption of this standard did not have a material impact on the Company's financial position and its results of operations. Recently Issued Accounting Pronouncements In March 2020, the FASB issued ASU No. 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting . The new guidance under ASU No. 2020-04 provides optional expedients and exceptions for applying U.S. GAAP to contracts, hedging relationships and other transactions affected by reference rate reform if certain criteria are met. The amendments apply only to contracts and hedging relationships that reference LIBOR or another reference rate expected to be discontinued due to reference rate reform. These amendments are effective immediately and may be applied prospectively to contract modifications made and hedging relationships entered into or evaluated on or before December 31, 2022. The Company is in the process of assessing the impact, if any, that ASU No. 2020-04 is expected to have on the Company’s financial position, its results of operations and related disclosures. In August 2020, the FASB issued ASU No. 2020-06, Debt- Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging- Contracts in Entity’s Own Equity (Subtopic 815-40) , which removes certain separation models for convertible debt instruments and convertible preferred stock that require the separation of a convertible debt instrument into a debt component and an equity or derivative component. The Company is evaluating the impact this guidance will have on the Company’s financial position, its results of operations and related disclosures.

DISCONTINUED OPERATIONS

DISCONTINUED OPERATIONS	3 Months Ended
	Sep. 30, 2021
Discontinued Operations and Disposal Groups [Abstract]
DISCONTINUED OPERATIONS	DISCONTINUED OPERATIONS On June 1, 2020, the Comp any entered into a definitive agreement with KKR Bidco, regarding a strategic transaction for the sale of the Wella Business, valuing the business at $4,300.0 on a cash- and debt-free basis. The transaction was completed on November 30, 2020 and Coty retained ownership of 40% of the Wella Business. In accordance with applicable accounting guidance for the disposal of long-lived assets, the results of the Wella Business are presented as discontinued operations in the prior period leading up to the date of the sale, and, as such, have been excluded from both continuing operations and segment results for all periods presented. The Wella Business was comprised of the Professional Beauty and Retail Hair businesses. The following table has selected financial information included in Net income from discontinued operations for the Wella Business. Three Months Ended September 30, 2020 Net revenues $ 566.4 Cost of sales 181.0 Gross profit 385.4 Selling, general and administrative expenses 240.0 Operating income 145.4 Interest expense, net (a) 11.8 Other expense (income), net 0.1 (Loss) income from discontinued operations before income taxes 133.5 (Benefit) provision for income taxes on discontinued operations 28.8 Net income from discontinued operations $ 104.7 (a) In terest expense was allocated to the discontinued operations due to a requirement in the 2018 Coty Credit Agreement, as amended (defined in Note 11—Debt), that cash generated from the sale of the Wella Business is utilized to reduce the Company’s debt within the twelve months following the sale completion date, other than a maximum of $500.0 that will be used for reinvestment in the Company's business, pursuant to the 2018 Coty Credit Agreement, as amended. See Note 11—Debt for more information. The following is selected financial information included in cash flows from discontinued operations for the Wella Business held for sale: Three Months Ended September 30, 2020 NON-CASH OPERATING ITEMS Depreciation and amortization $ — CASH FLOW FROM INVESTING ACTIVITIES Capital expenditures $ 4.7

SEGMENT REPORTING

SEGMENT REPORTING	3 Months Ended
	Sep. 30, 2021
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 CODM in deciding how to allocate resources and assess performance. The Company has designated its Chief Executive Officer as the CODM. As previously disclosed, the CODM has been in the process of finalizing her organization structure and how she will assess performance, and the Company has concurrently evaluated the potential impact to its segment reporting. Based on this evaluation, the Company has determined that it is appropriate to realign 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 has recast its results for fiscal 2021 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, 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 SEGMENT DATA 2021 2020 Net revenues: Prestige $ 870.7 $ 644.4 Consumer Beauty 501.0 479.7 Total $ 1,371.7 $ 1,124.1 Operating income (loss): Prestige 132.1 34.0 Consumer Beauty 11.4 (13.7) Corporate (126.3) (86.3) Total $ 17.2 $ (66.0) Reconciliation: Operating income (loss) 17.2 (66.0) Interest expense, net 59.8 62.1 Other income, net (386.1) (5.8) Income (loss) from continuing operations before income taxes $ 343.5 $ (122.3) Presented below are the percentage of revenues associated with the Company’s product categories: Three Months Ended PRODUCT CATEGORY 2021 2020 Fragrance 59.7 % 56.0 % Color Cosmetics 28.4 30.1 Body Care & Other 11.9 13.9 Total 100.0 % 100.0 %

ACQUISITION AND DIVESTITURE-REL

ACQUISITION AND DIVESTITURE-RELATED COSTS	3 Months Ended
	Sep. 30, 2021
Business Combination and Asset Acquisition [Abstract]
ACQUISITION AND DIVESTITURE-RELATED COSTS	ACQUISITION AND DIVESTITURE-RELATED COSTS Acquisition-related costs, which are expensed as incurred, represent non-restructuring costs directly related to acquiring and integrating an entity, for both completed and contemplated acquisitions and can include finder’s fees, legal, accounting, valuation, other professional or consulting fees, and other internal costs which can include compensation related expenses for dedicated internal resources. The Company recognized no acquisition-related costs for the three months ended September 30, 2021 and 2020. Divestiture-related costs, which are expensed as incurred, represent non-restructuring costs directly related to divesting and selling an entity, for both completed and contemplated divestitures. These costs can include legal, accounting, information technology, other professional or consulting fees and other internal costs. Internal costs can include compensation related expenses for dedicated internal resources. Additionally, for divestitures, the Company includes write-offs of assets that are no longer recoverable and contract related costs due to the divestiture. The Company recognized divestiture-related costs of $4.0 and $46.3 for the three months ended September 30, 2021 and 2020, respectively. Divestiture-related costs incurred during the three months ended September 30, 2021 and 2020 were primarily related to the strategic transaction with KKR for the sale of a majority stake in the Wella Business.

RESTRUCTURING COSTS

RESTRUCTURING COSTS	3 Months Ended
	Sep. 30, 2021
Restructuring and Related Activities [Abstract]
RESTRUCTURING COSTS	RESTRUCTURING COSTS Restructuring costs for the three months ended September 30, 2021 and 2020 are presented below: Three Months Ended 2021 2020 Transformation Plan $ 12.4 $ 31.2 Other Restructuring — (1.1) Total $ 12.4 $ 30.1 Transformation Plan In connection with the four-year plan announced on July 1, 2019 to drive substantial improvement and optimization in the Company's businesses (the “Turnaround Plan”), the Company has and expects to continue to incur restructuring and related costs. On May 11, 2020, the Company announced an expansion of the Turnaround Plan to further reduce fixed costs, (the “Transformation Plan”). Of the expected costs, the Company has incurred cumulative restructuring charges of $242.2 related to approved initiatives through September 30, 2021, which have been recorded in Corporate. Over the next two fiscal years, the Company expects to incur approximately $65.0 of additional restructuring charges pertaining to the approved actions, primarily related to employee termination benefits, contract terminations and other exit-related costs. The following table presents aggregate restructuring charges for the program: Severance and Employee Benefits Fixed Asset Write-offs Other Exit Costs Total Fiscal 2020 $ 151.2 $ (1.1) $ 6.5 $ 156.6 Fiscal 2021 73.4 (0.5) 0.3 73.2 Fiscal 2022 12.4 — — 12.4 Cumulative through September 30, 2021 $ 237.0 $ (1.6) $ 6.8 $ 242.2 The related liability balance and activity of restructuring costs for the Transformation Plan restructuring costs are presented below: Severance and Employee Benefits Fixed Asset Write-offs Other Exit Costs Total Balance—July 1, 2021 $ 122.5 $ — $ 0.3 $ 122.8 Restructuring charges 14.9 — — 14.9 Payments (11.7) — (0.3) (12.0) Changes in estimates (2.5) — — (2.5) Non-cash utilization — — — — Effect of exchange rates (2.2) — 0.1 (2.1) Balance—September 30, 2021 $ 121.0 $ — $ 0.1 $ 121.1 The Company currently estimates that the total remaining accrual of $121.1 will result in cash expenditures of approximately $68.5, $52.0 and $0.6 in fiscal 2022, 2023 and thereafter, respectively.

INVENTORIES

INVENTORIES	3 Months Ended
	Sep. 30, 2021
Inventory Disclosure [Abstract]
INVENTORIES	INVENTORIES Inventories as of September 30, 2021 and June 30, 2021 are presented below: September 30, June 30, Raw materials $ 162.1 $ 159.5 Work-in-process 8.3 12.5 Finished goods 490.3 478.8 Total inventories $ 660.7 $ 650.8

EQUITY INVESTMENTS

EQUITY INVESTMENTS	3 Months Ended
	Sep. 30, 2021
Investments, Debt and Equity Securities [Abstract]
EQUITY INVESTMENTS	EQUITY INVESTMENTS The Company's equity investments, classified as Equity investments on the Condensed Consolidated Balance Sheets are represented by the following: September 30, June 30, Equity method investments: KKW Holdings (a) $ 15.6 $ 16.2 Equity investments at fair value: Wella (b) 1,650.0 1,260.0 Total equity investments $ 1,665.6 $ 1,276.2 (a) On January 4, 2021, the Company completed its purchase of 20% of the outstanding equity of KKW Holdings. The Company accounts for this minority investment under the equity method, given it has the ability to exercise significant influence over, but not control, the investee. The carrying value of the Company’s investment includes basis differences allocated to amortizable intangible assets. (b) On November 30, 2020, the Company completed the previously announced strategic transaction with KKR for the sale of a majority stake in Coty’s Wella Business. As part of the transaction, Coty received initial cash proceeds of $2,451.7, and retained a 40% stake in Wella. The Company initially computed the fair value of its retained noncontrolling interest investment based on the fair value of the Wella Business exchanged with KKR. This resulted in an initial fair value of $1,634.5 for the retained noncontrolling interest investment in Wella. Immediately after closing, Wella drew down on their third party debt for $1,282.4 and used $448.0 of such funds to make a distribution to the Company, which the Company has accounted for as a return of capital. As of September 30, 2021 and June 30, 2021, the fair value of the Company's investment in Wella was estimated to be $1,650.0 and $1,260.0, respectively. On October 20, 2021, the Company completed the sale of a 9.4% stake in Wella to an affiliate of KKR, KKR Rainbow Aggregator L.P. ("KKR Aggregator”) in exchange for the redemption of approximately half of KKR Aggregator's remaining Series B Convertible Preferred Stock shares in Coty and a portion of unpaid dividends, reducing the Company's total shareholding in Wella to approximately 30.6%. On November 6, 2021, Coty entered into a definitive agreement to sell an additional approximate 4.7% stake in Wella to KKR Aggregator in exchange for the redemption of approximately 56% of KKR Aggregator 's remaining convertible preferred shares in Coty, reducing the Company’s total shareholding in Wella to 25.9%. The transaction is expected close on November 30, 2021. Refer to Note 15—Equity and Convertible Preferred Stock. The following table presents summarized financial information of the Company’s equity method investees for the period ending September 30, 2021. Amounts presented represent combined totals at the investee level and not the Company’s proportionate share: Three Months Ended 2021 Summarized Statements of Operations information: Net revenues $ 619.2 Gross profit 429.7 Operating income 25.6 Income before income taxes 7.5 Net income 5.5 The following table summarizes movements in equity investments with fair value option that are classified within Level 3 for the period ended September 30, 2021. There were no internal movements to or from Level 3 from Level 1 or Level 2 for the period ended September 30, 2021. Equity investments at fair value: Balance as of June 30, 2021 $ 1,260.0 Total gains/(losses) included in earnings - unrealized 390.0 Balance as of September 30, 2021 $ 1,650.0 Level 3 significant unobservable inputs sensitivity The following table summarizes the significant unobservable inputs used in Level 3 valuation of the Company's investments carried at fair value as of September 30, 2021. Included in the table are the inputs or range of possible inputs that have an effect on the overall valuation of the financial instruments. Fair value Valuation Technique Unobservable input Range Equity investments at fair value $ 1,650.0 Discounted cash flows Discount rate 11.00% (a) Growth rate 1.5% - 4.2% (a) Market multiple Revenue multiple 2.0x (b) EBITDA multiple 11.5x – 17.5x (b) (a) The primary unobservable inputs used in the fair value measurement of the Company's equity investments with fair value option, when using a discounted cash flow method, are the discount rate and revenue growth rate. Significant increases (decreases) in the discount rate in isolation would result in a significantly lower (higher) fair value measurement. The Company estimates the discount rate based on the investees' projected cost of equity and debt. The revenue growth rate is forecasted for future years by the investee based on their best estimates. Significant increases (decreases) in the revenue growth rate in isolation would result in a significantly higher (lower) fair value measurement. (b) The primary unobservable inputs used in the fair value measurement of the Company's equity investments with fair value option, when using a market multiple method, are the revenue multiple and EBITDA multiple. Significant increases (decreases) in the revenue multiple or EBITDA multiple in isolation would result in a significantly higher (lower) fair value measurement. The market multiples are derived from a group of guideline public companies.

GOODWILL AND OTHER INTANGIBLE A

GOODWILL AND OTHER INTANGIBLE ASSETS, NET	3 Months Ended
	Sep. 30, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
GOODWILL AND OTHER INTANGIBLE ASSETS, NET	GOODWILL AND OTHER INTANGIBLE ASSETS, NET Goodwill Goodwill as of September 30, 2021 and June 30, 2021 is presented below: Prestige Consumer Beauty Total Gross balance at June 30, 2021 $ 6,384.0 $ 1,774.2 $ 8,158.2 Accumulated impairments (3,110.3) (929.8) (4,040.1) Net balance at June 30, 2021 $ 3,273.7 $ 844.4 $ 4,118.1 Changes during the period ended September 30, 2021 Foreign currency translation (63.9) (16.8) (80.7) Gross balance at September 30, 2021 $ 6,320.1 $ 1,757.4 $ 8,077.5 Accumulated impairments (3,110.3) (929.8) (4,040.1) Net balance at September 30, 2021 $ 3,209.8 $ 827.6 $ 4,037.4 As described in Note 4—Segment Reporting, the Company changed its segments during the quarter ended September 30, 2021. As a result, the Company allocated goodwill to the new segments using a relative fair value approach. In addition, the Company completed an assessment of any potential goodwill impairment for all reporting units immediately prior to the reallocation and determined that no impairment existed. Other Intangible Assets, net Other intangible assets, net as of September 30, 2021 and June 30, 2021 are presented below: September 30, June 30, Indefinite-lived other intangible assets $ 1,008.1 $ 1,018.7 Finite-lived other intangible assets, net 3,327.9 3,444.3 Total Other intangible assets, net $ 4,336.0 $ 4,463.0 The changes in the carrying amount of indefinite-lived other intangible assets are presented below: Trademarks Total Gross balance at June 30, 2021 $ 1,932.2 $ 1,932.2 Accumulated impairments (913.5) (913.5) Net balance at June 30, 2021 $ 1,018.7 $ 1,018.7 Changes during the period ended September 30, 2021 Foreign currency translation (10.6) (10.6) Gross balance at September 30, 2021 $ 1,921.6 $ 1,921.6 Accumulated impairments (913.5) (913.5) Net balance at September 30, 2021 $ 1,008.1 $ 1,008.1 Intangible assets subject to amortization are presented below: Cost Accumulated Amortization Accumulated Impairment Net June 30, 2021 License agreements and collaboration agreements $ 4,192.9 $ (1,229.1) $ (19.6) $ 2,944.2 Customer relationships 803.1 (486.3) (5.5) 311.3 Trademarks 330.2 (168.7) (0.5) 161.0 Product formulations and technology 90.2 (62.4) — 27.8 Total $ 5,416.4 $ (1,946.5) $ (25.6) $ 3,444.3 September 30, 2021 License agreements and collaboration agreements $ 4,124.3 $ (1,251.1) $ (19.6) $ 2,853.6 Customer relationships 765.7 (467.6) (5.5) 292.6 Trademarks 327.9 (171.2) (0.5) 156.2 Product formulations and technology 88.2 (62.7) — 25.5 Total $ 5,306.1 $ (1,952.6) $ (25.6) $ 3,327.9 Amortization expense was $57.0 and $65.4 for the three months ended September 30, 2021 and 2020, respectively.

LEASES

LEASES	3 Months Ended
	Sep. 30, 2021
Leases [Abstract]
LEASES	LEASES The Company leases office facilities under non-cancelable operating leases with terms generally ranging between 10 and 25 years. The Company utilizes these leased office facilities for use by its employees in countries in which the Company conducts its business. Leases are negotiated with third parties and, in some instances contain renewal, expansion and termination options. The Company also subleases certain office facilities to third parties when the Company no longer intends to utilize the space. None of the Company’s leases restricts the payment of dividends or the incurrence of debt or additional lease obligations, or contain significant purchase options. The following chart provides additional information about the Company’s operating leases: Three Months Ended Lease Cost: 2021 2020 Operating lease cost $ 20.9 $ 19.2 Short-term lease cost 0.3 0.2 Variable lease cost 8.9 13.9 Sublease income (5.3) (1.5) Net lease cost $ 24.8 $ 31.8 Other information: Operating cash outflows from operating leases $ (22.5) $ (31.4) Right-of-use assets obtained in exchange for lease obligations $ 8.4 $ 8.0 Weighted-average remaining lease term - real estate 6.4 years 6.8 years Weighted-average discount rate - real estate leases 3.53 % 3.20 % During the three months ended September 30, 2021 and 2020, the Company recorded asset impairment charges of $1.0 and $0.0, respectively. The impairment charges are recorded in Selling, general and administrative expenses in the Condensed Consolidated Statements of Operations and primarily relate to sublease arrangements. Future minimum lease payments for the Company’s operating leases are as follows: Fiscal Year Ending June 30, 2022, remaining $ 62.1 2023 67.9 2024 54.9 2025 43.4 2026 36.1 Thereafter 104.9 Total future lease payments 369.3 Less: imputed interest (42.5) Total present value of lease liabilities 326.8 Current operating lease liabilities 69.0 Long-term operating lease liabilities 257.8 Total operating lease liabilities $ 326.8 Table excludes obligations for leases with original terms of twelve months or less which have not been recognized as ROU assets or liabilities in the Condensed Consolidated Balance Sheets.

DEBT

DEBT	3 Months Ended
	Sep. 30, 2021
Debt Disclosure [Abstract]
DEBT	DEBT The Company’s debt balances consisted of the following as of September 30, 2021 and June 30, 2021, respectively: September 30, June 30, Short-term debt $ — $ — Senior Secured Notes 2026 Dollar Senior Secured Notes due April 2026 900.0 900.0 2026 Euro Senior Secured Notes due April 2026 812.2 833.3 2018 Coty Credit Agreement 2018 Coty Revolving Credit Facility due April 2023 590.0 670.0 2021 Coty Revolving Credit Facility due April 2025 — — 2018 Coty Term A Facility due April 2023 111.1 114.0 2018 Coty Term B Facility due April 2025 1,440.3 1,461.7 Senior Unsecured Notes 2026 Dollar Notes due April 2026 550.0 550.0 2023 Euro Notes due April 2023 638.2 654.7 2026 Euro Notes due April 2026 290.1 297.6 Other long-term debt and capital lease obligations 0.1 0.2 Total debt 5,332.0 5,481.5 Less: Short-term debt and current portion of long-term debt (24.0) (24.2) Total Long-term debt 5,308.0 5,457.3 Less: Unamortized financing fees (46.9) (51.7) Less: Discount on long-term debt (11.1) (4.6) Total Long-term debt, net $ 5,250.0 $ 5,401.0 Short-Term Debt The Company maintains short-term lines of credit and other short-term debt with financial institutions around the world. As of September 30, 2021, total short-term debt remained constant at $0.0 from June 30, 2021. In addition, the Company had undrawn letters of credit of $14.3 and $15.0, and bank guarantees of $21.6 and $31.2 as of September 30, 2021 and June 30, 2021, respectively. Long-Term Debt Recent Developments On September 30, 2021, the Company entered into an amendment to permanently reduce the existing 2018 Coty Revolving Credit Facility by $700.0 and add a new class of incremental revolving facilities in an aggregate principal amount of $700.0 that matures on April 5, 2025 (the "2021 Coty Revolving Credit Facility"). In connection with the 2021 Coty Revolving Credit Facility, the Company capitalized $7.0 of original issue debt discounts and $0.1 of deferred financing fees, and wrote off $0.6 of unamortized deferred financing fees, which were recorded in Other income, net in the Condensed Consolidated Statement of Operations. Offering of Senior Secured Notes On June 16, 2021, the Company issued an aggregate principal amount of €700.0 million of 3.875% senior secured notes due 2026 (the “2026 Euro Senior Secured Notes”) in a private offering. Coty received gross proceeds of €700.0 million in connection with the offering of the 2026 Euro Senior Secured Notes. On April 21, 2021, the Company issued an aggregate principal amount of $900.0 of 5.00% senior secured notes due 2026 (the “2026 Dollar Senior Secured Notes” and, together with the 2026 Euro Senior Secured Notes, the “Senior Secured Notes”). Coty received gross proceeds of $900.0 in connection with the offering of the 2026 Dollar Senior Secured Notes. Coty used the gross proceeds of the offerings of the Senior Secured Notes to repay a portion of the term loans outstanding under the existing credit facilities and to pay related fees and expenses thereto. The Senior Secured Notes are senior secured obligations of Coty and are guaranteed on a senior secured basis by each of Coty’s wholly-owned domestic subsidiaries that guarantees Coty’s obligations under its existing senior secured credit facilities and are secured by first priority liens on the same collateral that secures Coty’s obligations under its existing senior secured credit facilities, as described below. The Senior Secured Notes and the guarantees are equal in right of payment with all of Coty’s and the guarantors’ respective existing and future senior indebtedness and are pari passu with all of Coty’s and the guarantors’ respective existing and future indebtedness that is secured by a first priority lien on the collateral, including the existing senior secured credit facilities, to the extent of the value of such collateral. Optional Redemption Applicable Premium The indentures governing the Senior Secured Notes specify the Applicable Premium (as defined in the respective indentures) to be paid upon early redemption of some or all of the 2026 Euro Senior Secured Notes or 2026 Dollar Senior Secured Notes. The Applicable Premium related to the 2026 Euro Senior Secured Notes or 2026 Dollar Senior Secured Notes on any redemption date and as calculated by the Company is the greater of: (1) 1.0% of the then outstanding principal amount of the respective 2026 Euro Senior Secured Notes or 2026 Dollar Senior Secured Notes; and (2) the excess, if any, of (a) the present value at such redemption date of (i) the redemption price of such 2026 Euro Senior Secured Notes or 2026 Dollar Senior Secured Notes that would apply if such 2026 Euro Senior Secured Notes or 2026 Dollar Senior Secured Notes were redeemed on April 15, 2023 (such redemption price is expressed as a percentage of the principal amount being set forth in the table appearing in the Redemption Pricing section below), plus (ii) all remaining scheduled payments of interest due on the 2026 Euro Senior Secured Notes or 2026 Dollar Senior Secured Notes to and including April 15, 2023 (excluding accrued but unpaid interest, if any, to, but excluding, the redemption date), with respect to each of subclause (i) and (ii), computed using a discount rate equal to the Treasury Rate in the case of the 2026 Dollar Senior Secured Notes or Bund Rate in the case of the 2026 Euro Senior Secured Notes (both Treasury Rate and Bund Rate as defined in the respective indentures) as of such redemption date plus 50 basis points; over (b) the principal amount of the respective 2026 Dollar Notes, 2023 Euro Notes or 2026 Euro Notes. Redemption Pricing At any time and from time to time prior to April 15, 2023, the Company may redeem some or all of the 2026 Dollar Senior Secured Notes and 2026 Euro Senior Secured Notes at redemption prices equal to 100% of the respective principal amounts being redeemed plus the Applicable Premium, plus accrued and unpaid interest, if any, to, but excluding, the redemption dates. At any time on or after April 15, 2023, the Company may redeem some or all of the 2026 Dollar Senior Secured Notes and 2026 Euro Senior Secured Notes at the redemption prices (expressed in percentage of principal amount) set forth below, plus accrued and unpaid interest, if any, to, but excluding, the redemption dates, if redeemed during the twelve-month period beginning on April 15 of each of the years indicated below: Price Year 2026 Dollar Senior Secured Notes 2026 Euro Senior Secured Notes 2023 102.5000% 101.9380% 2024 101.2500% 100.9690% 2025 and thereafter 100.0000% 100.0000% 2018 Coty Credit Agreement On April 5, 2018, the Company entered into a new credit agreement (the "2018 Coty Credit Agreement"), which amended and restated the prior Coty credit agreement. The 2018 Coty Credit Agreement provides for (a) the incurrence by the Company of (1) a senior secured term A facility in an aggregate principal amount of (i) $1,000.0 denominated in U.S. dollars and (ii) €2,035.0 million denominated in euros (the “2018 Coty Term A Facility”) and (2) a senior secured term B facility in an aggregate principal amount of (i) $1,400.0 denominated in U.S. dollars and (ii) €850.0 million denominated in euros (the “2018 Coty Term B Facility”) and (b) the incurrence by the Company and Coty B.V., a Dutch subsidiary of the Company (the “Dutch Borrower” and, together with the Company, the “Borrowers”), of a senior secured revolving facility in an aggregate principal amount of $3,250.0 denominated in U.S. dollars, specified alternative currencies or other currencies freely convertible into U.S. dollars and readily available in the London interbank market (the “2018 Coty Revolving Credit Facility”) (the 2018 Coty Term A Facility, together with the 2018 Coty Term B Facility and the 2018 Coty Revolving Credit Facility, the “2018 Coty Credit Facilities”). Initial borrowings under the 2018 Coty Term B Facility were issued at a 0.250% discount. The 2018 Coty Credit Agreement provides that with respect to the 2018 Coty Revolving Credit Facility, up to $150.0 is available for letters of credit and up to $150.0 is available for swing line loans. The 2018 Coty Credit Agreement also permits, subject to certain terms and conditions, the incurrence of incremental facilities thereunder in an aggregate amount of (i) $1,700.0 plus (ii) an unlimited amount if the First Lien Net Leverage Ratio (as defined in the 2018 Coty Credit Agreement), at the time of incurrence of such incremental facilities and after giving effect thereto on a pro forma basis, is less than or equal to 3.00 to 1.00. The obligations of the Company under the 2018 Coty Credit Agreement are guaranteed by the material wholly-owned subsidiaries of the Company organized in the U.S., subject to certain exceptions (the “Guarantors”) and the obligations of the Company and the Guarantors under the 2018 Coty Credit Agreement are secured by a perfected first priority lien (subject to permitted liens) on substantially all of the assets of the Company and the Guarantors, subject to certain exceptions. The Dutch Borrower does not guarantee the obligations of the Company under the 2018 Coty Credit Agreement or grant any liens on its assets to secure any obligations under the 2018 Coty Credit Agreement. On June 27, 2019, the Company entered into an amendment (“2019 Amendment”) to the 2018 Coty Credit Agreement. The 2019 Amendment modified the 2018 Coty Credit Agreement by amending the financial covenants to (i) delay until March 31, 2022 the total net leverage ratio step down from 5.25 to 5.0 (as further described in the Covenants section below), (ii) extend the applicable window for certain cost savings add-backs in the calculation of Adjusted earnings before interest, taxes, depreciation and amortization (“Adjusted EBITDA”) for purpose of determining the total net leverage ratio, and (iii) amend the determination of the exchange rate to be used for purposes of calculating “Total Indebtedness” (as defined in the 2018 Coty Credit Agreement) for purposes of the total net leverage ratio, and decreasing the total commitments under the revolving credit facility by $500.0 to $2,750.0. On April 29, 2020, the Company amended its existing credit agreement. The amendment (i) provided a net debt to EBITDA financial covenant "holiday" through March 31, 2021; (ii) established a minimum liquidity covenant through March 31, 2021 of $350.0, which increased to $500.0 for the prepayment event noted below; and (iii) effectively placed certain limitations on the ability to make certain investments and restricted payments (including limiting the Company's ability to pay dividends in cash through March 31, 2021) and on incurring additional secured indebtedness. On November 30, 2020, the Company completed the strategic transaction with KKR for the sale of a majority stake in the Wella Business. As part of the transaction, Coty received initial cash proceeds of $2,451.7 for the sale of its 60% stake in Wella and its pro rata share of Wella's return of capital distribution of $448.0, and retained a 40% stake in Wella. In accordance with the 2018 Coty Credit Agreement, as amended, the Company utilized $2,015.5 of the net proceeds to pay down its 2018 Coty Term A and B Facilities on a pro rata basis and reserved a maximum of $500.0 for reinvestment in the business, as defined in the 2018 Coty Credit Agreement, as amended, ("the Reinvestment Balance"). If the Reinvestment Balance is not reinvested within twelve months, the Company is required to use the remainder to pay down its 2018 Coty Term A and B Facilities on a pro rata basis by December 2021. As a result of the prepayments, the outstanding balances of 2018 Coty Term A and B Facilities were reduced by $1,135.7 and $879.8, respectively. Additionally, in accordance with the 2018 Coty Credit Agreement, as amended, as a result of these prepayments, the minimum liquidity covenant increased from $350.0 to $500.0. See above for the third amendment to the 2018 Coty Credit Agreement entered into on September 30, 2021. Offering of Senior Unsecured Notes On April 5, 2018 the Company issued, at par, $550.0 of 6.50% senior unsecured notes due 2026 (the “2026 Dollar Notes”), €550.0 million of 4.00% senior unsecured notes due 2023 (the “2023 Euro Notes”) and €250.0 million of 4.75% senior unsecured notes due 2026 (the “2026 Euro Notes” and, together with the 2023 Euro Notes, the “Euro Notes,” and the Euro Notes together with the 2026 Dollar Notes, the “Senior Unsecured Notes”) in a private offering. The Senior Unsecured Notes are senior unsecured debt obligations of the Company and will be pari passu in right of payment with all of the Company’s existing and future senior indebtedness (including the 2018 Coty Credit Facilities described below). The Senior Unsecured Notes are guaranteed, jointly and severally, on a senior basis by the Guarantors. The Senior Unsecured Notes are senior unsecured obligations of the Company and are effectively junior to all existing and future secured indebtedness of the Company to the extent of the value of the collateral securing such secured indebtedness. The related guarantees are senior unsecured obligations of each Guarantor and are effectively junior to all existing and future secured indebtedness of such Guarantor to the extent of the value of the collateral securing such indebtedness. The 2026 Dollar Notes will mature on April 15, 2026. The 2026 Dollar Notes will bear interest at a rate of 6.50% per annum. Interest on the 2026 Dollar Notes is payable semi-annually in arrears on April 15 and October 15 of each year. The 2023 Euro Notes will mature on April 15, 2023 and the 2026 Euro Notes will mature on April 15, 2026. The 2023 Euro Notes will bear interest at a rate of 4.00% per annum, and the 2026 Euro Notes will bear interest at a rate of 4.75% per annum. Interest on the Euro Notes is payable semi-annually in arrears on April 15 and October 15 of each year. Upon the occurrence of certain change of control triggering events with respect to a series of Senior Unsecured Notes, the Company will be required to offer to repurchase all or part of the Senior Unsecured Notes of such series at 101% of their principal amount, plus accrued and unpaid interest, if any, to, but excluding, the purchase date applicable to such Senior Unsecured Notes. The Senior Unsecured Notes contain customary covenants that place restrictions in certain circumstances on, among other things, incurrence of liens, entry into sale or leaseback transactions, sales of all or substantially all of the Company’s assets and certain merger or consolidation transactions. The Senior Unsecured Notes also provide for customary events of default. Scheduled Amortization The Company makes quarterly payments of 1.25% and 0.25%, of the initial aggregate principal amounts of the 2018 Coty Term A Facility and the 2018 Coty Term B Facility, respectively. The remaining balance of the initial aggregate principal amounts of the 2018 Coty Term A Facility and the 2018 Coty Term B Facility will be payable on the maturity date for each facility, respectively. Interest The 2018 Coty Credit Agreement facilities will bear interest at rates equal to, at the Company’s option, either: (1) LIBOR of the applicable qualified currency, of which the Company can elect the applicable one, two, three, six or twelve month rate, plus the applicable margin; or (2) Alternate base rate (“ABR”) plus the applicable margin. In the case of the 2018 Coty Revolving Credit Facility and the 2018 Coty Term A Facility, the applicable margin means the lesser of a percentage per annum to be determined in accordance with the leverage-based pricing grid and the debt rating-based grid below: Pricing Tier Total Net Leverage Ratio: LIBOR plus: Alternative Base Rate Margin: 1.0 Greater than or equal to 4.75:1 2.000% 1.000% 2.0 Less than 4.75:1 but greater than or equal to 4.00:1 1.750% 0.750% 3.0 Less than 4.00:1 but greater than or equal to 2.75:1 1.500% 0.500% 4.0 Less than 2.75:1 but greater than or equal to 2.00:1 1.250% 0.250% 5.0 Less than 2.00:1 but greater than or equal to 1.50:1 1.125% 0.125% 6.0 Less than 1.50:1 1.000% —% Pricing Tier Debt Ratings S&P/Moody’s: LIBOR plus: Alternative Base Rate Margin: 5.0 Less than BB+/Ba1 2.000% 1.000% 4.0 BB+/Ba1 1.750% 0.750% 3.0 BBB-/Baa3 1.500% 0.500% 2.0 BBB/Baa2 1.250% 0.250% 1.0 BBB+/Baa1 or higher 1.125% 0.125% In the case of the U.S. dollar portion of the 2018 Coty Term B Facility, the applicable margin means 2.25% per annum, in the case of LIBOR loans, and 1.25% per annum, in the case of ABR loans. In the case of the Euro portion of the 2018 Coty Term B Facility, the applicable margin means 2.50% per annum, in the case of EURIBOR loans. In no event will LIBOR be deemed to be less than 0.00% per annum. Fair Value of Debt September 30, 2021 June 30, 2021 Carrying Fair Carrying Fair Senior Secured Notes $ 1,712.2 $ 1,755.9 $ 1,733.3 $ 1,749.1 2018 Coty Credit Agreement 2,141.4 2,094.0 2,245.7 2,188.5 Senior Unsecured Notes 1,478.3 1,502.3 1,502.3 1,500.5 The Company uses the market approach to value its debt instruments. The Company obtains fair values from independent pricing services to determine the fair value of these debt instruments. Based on the assumptions used to value these liabilities at fair value, these debt instruments are categorized a Level 2 in the fair value hierarchy. Debt Maturities Schedule Aggregate maturities of the Company’s long-term debt, including the current portion of long-term debt and excluding capital lease obligations as of September 30, 2021, are presented below: Fiscal Year Ending June 30, 2022, remaining $ 17.9 2023 1,363.1 2024 23.9 2025 1,374.7 2026 2,552.3 Thereafter — Total $ 5,331.9 Covenants The 2018 Coty Credit Agreement contains affirmative and negative covenants. The negative covenants include, among other things, limitations on debt, liens, dispositions, investments, fundamental changes, restricted payments and affiliate transactions. With certain exceptions as described below, the 2018 Coty Credit Agreement, as amended, includes a financial covenant that requires us to maintain a Total Net Leverage Ratio (as defined below), equal to or less than the ratios shown below for each respective test period. Quarterly Test Period Ending Total Net Leverage Ratio (a) September 30, 2021 through December 31, 2021 5.25 to 1.00 March 31, 2022 5.00 to 1.00 June 30, 2022 4.75 to 1.00 September 30, 2022 4.50 to 1.00 December 31, 2022 4.25 to 1.00 March 31, 2023 through June 30, 2023 4.00 to 1.00 (a) Total Net Leverage Ratio means, as of any date of determination, the ratio of: (a) (i) Total Indebtedness minus (ii) unrestricted and Cash Equivalents of the Parent Borrower and its Restricted Subsidiaries as determined in accordance with GAAP to (b) Adjusted EBITDA for the most recently ended Test Period (each of the defined terms, including Adjusted EBITDA, used within the definition of Total Net Leverage Ratio have the meanings ascribed to them within the 2018 Coty Credit Agreement, as amended). Adjusted EBITDA, as defined in the 2018 Coty Credit Agreement, as amended, includes certain add backs related to cost savings, unusual events such as COVID-19, operating expense reductions and future unrealized synergies subject to certain limits and conditions as specified in the 2018 Coty Credit Agreement, as amended. In the four fiscal quarters following the closing of any Material Acquisition (as defined in the 2018 Coty Credit Agreement, as amended), including the fiscal quarter in which such Material Acquisition occurs, the maximum Total Net Leverage Ratio shall be the lesser of (i) 5.95 to 1.00 and (ii) 1.00 higher than the otherwise applicable maximum Total Net Leverage Ratio for such quarter (as set forth in the table above). Immediately after any such four fiscal quarter period, there shall be at least two consecutive fiscal quarters during which the Company's Total Net Leverage Ratio is no greater than the maximum Total Net Leverage Ratio that would otherwise have been required in the absence of such Material Acquisition, regardless of whether any additional Material Acquisitions are consummated during such period.

INTEREST EXPENSE, NET

INTEREST EXPENSE, NET	3 Months Ended
	Sep. 30, 2021
Interest Income (Expense), Net [Abstract]
INTEREST EXPENSE, NET	INTEREST EXPENSE, NET Interest expense, net for the three months ended September 30, 2021 and 2020, respectively, is presented below: Three Months Ended 2021 2020 Interest expense $ 62.8 $ 59.0 Foreign exchange (gains) losses, net of derivative contracts (2.3) 4.4 Interest income (0.7) (1.3) Total interest expense, net $ 59.8 $ 62.1

EMPLOYEE BENEFIT PLANS

EMPLOYEE BENEFIT PLANS	3 Months Ended
	Sep. 30, 2021
Retirement Benefits [Abstract]
EMPLOYEE BENEFIT PLANS	EMPLOYEE BENEFIT PLANS As part of the Transformation Plan, the Company concluded that restructuring actions resulted in a significant reduction of future services of active employees in certain of the Company's non-U.S. pension plans. As a result, the Company recognized curtailment gains of $0.0 and $5.3 for the three months ended September 30, 2021 and 2020, respectively. The impact of the curtailment activity on the current and prior comparative periods is included in Other income, net in the Condensed Consolidated Statements of Operations. The components of net periodic benefit cost for pension plans and other post-employment benefit plans recognized in the Condensed Consolidated Statements of Operations are presented below: Three Months Ended September 30, Pension Plans Other Post- Employment Benefits U.S. International Total 2021 2020 2021 2020 2021 2020 2021 2020 Service cost $ — $ — $ 2.4 $ 6.7 $ 0.2 $ 0.3 $ 2.6 $ 7.0 Interest cost 0.1 0.1 1.6 2.5 0.3 0.3 2.0 2.9 Expected return on plan assets — — (1.1) (1.9) — — (1.1) (1.9) Amortization of prior service credit — — — (0.1) (0.1) (0.9) (0.1) (1.0) Amortization of net loss 0.1 0.4 (0.1) — — — — 0.4 Settlement loss recognized — — 0.7 — — — 0.7 — Curtailment gain recognized — — — (5.3) — — — (5.3) Net periodic benefit cost (credit) $ 0.2 $ 0.5 $ 3.5 $ 1.9 $ 0.4 $ (0.3) $ 4.1 $ 2.1

DERIVATIVE INSTRUMENTS

DERIVATIVE INSTRUMENTS	3 Months Ended
	Sep. 30, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract]
DERIVATIVE INSTRUMENTS	DERIVATIVE INSTRUMENTS Foreign Exchange Risk Management The Company is exposed to foreign currency exchange fluctuations through its global operations. The Company may reduce its exposure to fluctuations in the cash flows associated with changes in foreign exchange rates by creating offsetting positions through the use of derivative instruments and also by designating foreign currency denominated borrowings and cross-currency swaps as hedges of net investments in foreign subsidiaries. The Company expects that through hedging, any gain or loss on the derivative instruments would generally offset the expected increase or decrease in the value of the underlying forecasted transactions. The Company is exposed to foreign currency exchange rate fluctuations in the normal course of business, including through exposure to inventory expenditures made by the Company’s international subsidiaries whose functional currency is other than the transaction currency. To manage this exposure, beginning in June 2021, the Company entered into non-deliverable forward foreign-exchange contracts (the “NDF contracts”) that are intended to offset changes in cash flow attributable to currency exchange movements. The NDF contracts have been designated as foreign exchange cash flow hedges. The Company entered into these contracts with counterparties that are banks or other financial institutions, and the Company considers the risk of non-performance by such counterparties not to be material. The Company also continued to use certain derivatives as economic hedges of foreign currency exposure on firm commitments, which do not qualify for hedge accounting. Although these derivatives were not designated for hedge accounting, the overall objective of mitigating foreign currency exposure is the same for all derivative instruments. The Company does not enter into derivative financial instruments for trading or speculative purposes, nor is the Company a party to leveraged derivatives. For derivatives not designated as hedging instruments, changes in fair value are recorded in the line item in the Condensed Consolidated Statements of Operations to which the derivative relates. In September 2020, the Company terminated its existing net investment cross currency swap derivatives with notional amount of $550.0 in exchange for cash payment of $37.6. The related loss from this termination is included in accumulated other comprehensive income (loss) (“AOCI/(L)”) until the sale or substantial liquidation of the underlying net investments. Beginning in July 2021, the Company entered into foreign exchange forward contracts to naturally hedge up to 80% of the Company's euro denominated external debt as part of management's strategy to minimize the impact of currency movements on those debt instruments. The notional amount of those contracts was €1,600.0 million as of September 30, 2021. As a result, foreign currency denominated borrowings designated as net investment hedges decreased from nominal exposures of €1,809.5 million as of June 30, 2021 to €207.1 million as of September 30, 2021. Interest Rate Risk The Company is exposed to interest rate fluctuations related to its variable rate debt instruments. The Company may reduce its exposure to fluctuations in the cash flows associated with changes in the variable interest rates by entering into offsetting positions through the use of derivative instruments, such as interest rate swap contracts. The interest rate swap contracts result in recognizing a fixed interest rate for the portion of the Company’s variable rate debt that was hedged. This will reduce the negative and positive impact of increases in the variable rates over the term of the contracts. Hedge effectiveness of interest rate swap contracts is based on a long-haul hypothetical derivative methodology and includes all changes in value. During September 2019, the Company entered into incremental interest rate swap contracts in the notional amount of $1,000.0, which extended the maturity of the interest rate swap portfolio from 2021 through 2023. These interest rate swaps are designated and qualify as cash flow hedges. As of September 30, 2021 and June 30, 2021, the Company had interest rate swap contracts designated as effective hedges in the notional amount of $1,000.0 and $1,900.0, respectively. Derivative and non-derivative financial instruments which are designated as hedging instruments: The accumulated (loss)/gain on foreign currency borrowings classified as net investment hedges in the foreign currency translation adjustment component of AOCI/(L) was $22.1 and $5.4 as of September 30, 2021 and June 30, 2021, respectively. The accumulated loss on derivative instruments classified as net investment hedges in the foreign currency translation adjustment component of AOCI/(L) was $(37.6) as of September 30, 2021 and June 30, 2021. The amount of gains and losses recognized in Other comprehensive income (loss) (“OCI”) in the Condensed Consolidated Balance Sheets related to the Company’s derivative and non-derivative financial instruments which are designated as hedging instruments is presented below: Gain (Loss) Recognized in OCI Three Months Ended 2021 2020 Foreign exchange forward contracts $ 1.7 $ (1.2) Interest rate swap contracts (0.6) 0.2 Cross-currency swap contracts — (25.1) Net investment hedges 16.7 (173.1) The accumulated loss on derivative instruments classified as cash flow hedges in AOCI/(L), net of tax, was $(11.1) and $(15.5) as of September 30, 2021 and June 30, 2021, respectively. The estimated net loss related to these effective hedges that is expected to be reclassified from AOCI/(L) into earnings, net of tax, within the next twelve months is $(7.6). As of September 30, 2021, all of the Company's remaining foreign currency forward contracts designated as hedges were highly effective. The amount of gains and losses reclassified from AOCI/(L) to the Condensed Consolidated Statements of Operations related to the Company’s derivative financial instruments which are designated as hedging instruments is presented below: Location and Amount of Gain (Loss) Recognized in Income on Cash Flow Hedging Relationships Three Months Ended September 30, 2021 2020 Net revenues Interest expense, net Net revenues Interest expense, net Foreign exchange forward contracts: Amount of gain (loss) reclassified from AOCI into income $ 0.1 $ — $ 1.0 $ — Interest rate swap contracts: Amount of gain (loss) reclassified from AOCI into income — (5.0) — (9.8) Derivatives not designated as hedging: The amount of gains and losses related to the Company’s derivative financial instruments not designated as hedging instruments is presented below: Condensed Consolidated Statements of Operations Three Months Ended 2021 2020 Foreign exchange contracts Selling, general and administrative expenses $ — $ 0.1 Foreign exchange contracts Interest expense, net 7.3 5.3 Foreign exchange contracts Other expense, net (0.2) (0.3)

EQUITY AND CONVERTIBLE PREFERRE

EQUITY AND CONVERTIBLE PREFERRED STOCK	3 Months Ended
	Sep. 30, 2021
Equity [Abstract]
EQUITY AND CONVERTIBLE PREFERRED STOCK	EQUITY AND CONVERTIBLE PREFERRED STOCK Common Stock As of September 30, 2021, the Company’s common stock consisted of Class A Common Stock with a par value of $0.01 per share. The holders of Class A Common Stock are entitled to one vote per share. As of September 30, 2021 , total authorized shares of Class A Common Stoc k was 1,250.0 million and total outstanding shares of Class A Common Stock was 817.0 million. As of September 30, 2021, the Company’s largest stockholder was Cottage Holdco B.V., which owned approximately 57% of Coty’s outstanding Class A Common Stock. Cottage Holdco B.V., a wholly-owned subsidiary of JAB Cosmetics B.V. (“JABC”), is indirectly controlled by Lucresca SE, Agnaten SE and JAB Holdings B.V. (“JAB”). During the three months ended September 30, 2021, JABC did not acquire any shares of Class A Common Stock. Series A and A-1 Preferred Stock As of September 30, 2021, total authorized shares of preferred stock are 20.0 million. There are two classes of Preferred Stock, Series A Preferred Stock and Series A-1 Preferred Stock, both with a par value of $0.01 per share. As of September 30, 2021, there were 1.5 million shares of Series A and no shares of Series A-1 Preferred Stock authorized, issued and outstanding. Series A Preferred Stock and Series A-1 Preferred Stock are not entitled to receive any dividends and have no voting rights except as required by law. As of September 30, 2021, the Company has $1.2 Series A Preferred Stock classified as a liability recorded in Other noncurrent liabilities in the Condensed Consolidated Balance Sheet. Convertible Series B Preferred Stock On May 11, 2020, the Company entered into an Investment Agreement with KKR Aggregator, relating to the issuance and sale by the Company to KKR Aggregator of up to 1,000,000 shares of the Company’s new Convertible Series B Preferred Stock, par value $0.01 per share (the “Series B Preferred Stock”), for an aggregate purchase price of up to $1,000.0, or $1,000 per share (the “Issuance”). The Issuance was proposed to be issued in two tranches: (i) an initial issuance of 750,000 shares of Series B Preferred Stock (the “Initial Issuance”) and (ii) a subsequent issuance of 250,000 shares of Series B Preferred Stock (the “Second Issuance”), which was subject to the execution and delivery of a definitive purchase agreement between the Company and KKR Aggregator or certain of its affiliates in respect of the Wella Business. On May 26, 2020 (the “Closing Date”), the Company and KKR Aggregator completed the issuance and sale of 750,000 shares of Series B Preferred Stock for an aggregate purchase price of $750.0. On July 31, 2020, the Company completed the sale of 250,000 shares of the Company’s Series B Preferred Stock to KKR Aggregator for an aggregate purchase price of $250.0. On November 16, 2020, KKR Aggregator and affiliated investment funds agreed to sell 146,057 shares of Series B Preferred Stock, to HFS Holdings S.à r.l, that is beneficially owned by Peter Harf, a director of the Company. The transaction, which was subject to customary closing conditions, closed on August 27, 2021. On September 10, 2021, KKR Aggregator converted 285,576 shares of Series B Preferred Stock, and $26.4 of unpaid dividends into 50,000,088 shares of Class A common stock. Immediately after the conversion, KKR Aggregator completed the public secondary offering of 50,000,088 shares of Class A common stock. The Company did not receive any proceeds from the sale of the shares of Class A Common Stock by KKR Aggregator. As a result of the conversion, the Company measured the accrued dividends at fair value, which resulted in an increase of $6.7. Such adjustment is considered a deemed dividend for purposes of calculating basic and diluted EPS. On September 30, 2021, the Company entered into a definitive agreement to sell a 9.4% stake in Wella to KKR Aggregator in exchange for the redemption of 290,465 shares of Series B Preferred Stock, and $22.5 of unpaid dividends (the "Exchange Agreement"). The transaction was completed on October 20, 2021. As a result of the Exchange Agreement, the Series B Preferred Stock, net of issuance costs, and related accrued dividends were reclassified from temporary equity to liability as Mandatorily redeemable Convertible Series B Preferred Stock, as of September 30, 2021. Upon reclassification, the Company measured the Series B Preferred Stock and accrued dividends at fair value, which resulted in an increase of $93.6. Such adjustment is considered a deemed dividend for purposes of calculating basic and diluted EPS. A key input in determining the fair value of the liability is based on the Company's share price as of September 30, 2021. As this liability is not actively traded, it is classified as Level 2 fair value measurements. See Note 8—Equity Investments for additional information. On November 6, 2021, Coty entered into a definitive agreement to sell an additional approximate 4.7% stake in Wella to KKR Aggregator in exchange for the redemption of 154,683 shares of Series B Preferred Stock. The transaction is expected close on November 30, 2021. See Note 8—Equity Investments for additional information. Cumulative preferred dividends accrue daily on the Series B Preferred Stock at a rate of 9.0% per year. On September 30, 2021, the Board of Directors declared a dividend on the Series B Preferred Stock of $22.7, of which $3.5 was paid. The Series B Preferred Stock had accrued unpaid dividends of $66.8 and $74.1 as of September 30, 2021 and June 30, 2021, respectively. In October 2021, the Company paid the remaining accrued unpaid dividends on the Series B Preferred Stock, totaling $44.3. Treasury Stock Share Repurchase Program Since February 2014, the Board has authorized the Company to repurchase its Class A Common Stock under approved repurchase programs. On February 3, 2016, the Board authorized the Company to repurchase up to $500.0 of its Class A Common Stock (the “Incremental Repurchase Program”). Repurchases may be made from time to time at the Company’s discretion, based on ongoing assessments of the capital needs of the business, the market price of its Class A Common Stock, and general market conditions. For the three months ended September 30, 2021, the Company did not repurchase any shares of its Class A Common Stock. As of September 30, 2021, the Company had authority for $396.8 remaining under the Incremental Repurchase Program. Other Repurchases There were no other stock repurchases during the three months ended September 30, 2021 and 2020. Dividends On April 29, 2020, the Board of Directors suspended the payment of dividends. During fiscal 2020, prior to the Board’s decision to suspend the payment of dividends, the Company maintained a Stock Dividend Reinvestment Program and had registered a total of 19.3 million shares of Class A Common Stock for purchase under the program. All holders of records of Class A Common Stock had the opportunity to participate in the program; if a holder elected to participate in the program fifty percent (50%) of their cash dividends were reinvested in additional shares of Class A Common Stock. The change in dividends accrued recorded to additional paid-in capital (“APIC”) in the Condensed Consolidated Balance Sheet as of September 30, 2021 was $0.5, which represent dividends no longer expected to vest as a result of forfeitures of outstanding restricted stock units (“RSUs”). In addition to the activity noted above, the Company made a payment of $0.8 for the previously accrued dividends on RSUs that vested during the three months ended September 30, 2021. Total accrued dividends on unvested RSUs and phantom units of $1.6 and $1.1 are included in Accrued expenses and other current liabilities and Other noncurrent liabilities, respectively, in the Condensed Consolidated Balance Sheet as of September 30, 2021. Accumulated Other Comprehensive Income (Loss) Foreign Currency Translation Adjustments (Loss) gain on Cash Flow Hedges (Loss) gain on Net Investment Hedge Other Foreign Currency Translation Adjustments Pension and Other Post-Employment Benefit Plans (a) Total Balance—July 1, 2021 $ (15.5) $ (32.2) $ (259.3) $ (14.9) $ (321.9) Other comprehensive income (loss) before reclassifications 0.6 16.7 (159.6) — (142.3) Net amounts reclassified from AOCI/(L) 3.8 — — 0.5 4.3 Net current-period other comprehensive income (loss) 4.4 16.7 (159.6) 0.5 (138.0) Balance—September 30, 2021 $ (11.1) $ (15.5) $ (418.9) $ (14.4) $ (459.9) (a) For the three months ended September 30, 2021, net amounts reclassified from AOCI/(L) related to pensions and other post-employment benefit plans included amortization of prior service credits and actuarial loss of $0.5, net of tax of nil. Foreign Currency Translation Adjustments Loss on Cash Flow Hedges Gain (loss) on Net Investment Hedge Other Foreign Currency Translation Adjustments Pension and Other Post-Employment Benefit Plans Total Balance—July 1, 2020 $ (43.0) $ 261.9 $ (683.8) $ 8.7 $ (456.2) Other comprehensive (loss) income before reclassifications (1.0) (210.7) 200.3 — (11.4) Net amounts reclassified from AOCI/(L) 6.7 — — (1.2) 5.5 Net current-period other comprehensive income (loss) 5.7 (210.7) 200.3 (1.2) (5.9) Balance—September 30, 2020 $ (37.3) $ 51.2 $ (483.5) $ 7.5 $ (462.1)

SHARE-BASED COMPENSATION PLANS

SHARE-BASED COMPENSATION PLANS	3 Months Ended
	Sep. 30, 2021
Share-based Payment Arrangement [Abstract]
SHARE-BASED COMPENSATION PLANS	SHARE-BASED COMPENSATION PLANS Share-based compensation expense is recognized on a straight-line basis over the requisite service period. Total share-based compensation is shown in the table below: Three Months Ended 2021 2020 Equity plan expense (a) $ 107.8 $ 4.9 Equity plan modified and cash settled — 0.9 Liability plan (income) expense 0.4 (0.1) Fringe expense 0.1 — Total share-based compensation expense $ 108.3 $ 5.7 (a) Equity plan shared-based compensation expense of $107.8 and $6.2 were recorded to additional paid in capital and presented in the Condensed Consolidated Statements of Equity for the three months ended September 30, 2021 and 2020, respectively. Of the $6.2 for the three months ended September 30, 2020, $1.3 was reclassified to discontinued operations. The share-based compensation expense for the three months ended September 30, 2021 and 2020, respectively, of $108.3 and $5.7, includes $108.3 and $6.4 of expense offset by nil and $(0.7) of income primarily due to significant executive forfeitures of share-based compensation instruments. As of September 30, 2021, the total unrecognized share-based compensation expense related to stock options, Series A Preferred Stock, restricted stock, and restricted stock units and other share awards is $4.9, $0.0, $1.8 and $210.8, respectively. The unrecognized share-based compensation expense related to stock options, Series A Preferred stock, restricted stock, and restricted stock units and other share awards is expected to be recognized over a weighted-average period of 2.30, 0.00, 1.68 and 1.95 years, respectively. Restricted Stock Units and Other Share Awards The Company granted no shares of RSUs and other share awards during the three months ended September 30, 2021. The Company recognized share-based compensation expense of $106.9 and $5.3 for the three months ended September 30, 2021 and 2020, respectively. The Company’s CEO, Sue Nabi, was granted a one-time sign-on award of restricted stock units (the “Award”) on June 30, 2021. The Award will vest and settle in 10,000,000 shares of the Company’s Class A Common Stock, par value $0.01 per share, on each of August 31, 2021, August 31, 2022 and August 31, 2023, subject to her continued employment through each such date. The Company will recognize approximately $273.2 of share-based compensation expense, on a straight-line basis over the vesting period, based on the fair value on the grant date. The amount of compensation cost recognized at each vesting date must at least equal the portion of the award legally vested. As such, $168.3, $89.9 and $15.0 will be recognized in the fiscal years ending 2022, 2023 and 2024, respectively. In connection with this Award, Cottage Holdco B.V., the Company’s largest stockholder and a wholly-owned subsidiary of JAB Holding Company S.à r.l., has agreed, pursuant to an equity transfer agreement, to transfer to Ms. Nabi (either directly or through contributing to the Company) 10,000,000 shares of Common Stock no later than sixty days following the first vesting date. If, however, Ms. Nabi is terminated without cause or due to death or disability on or following the first vesting date but prior to the second vesting date, the Company has agreed to issue to Cottage Holdco B.V. the number of shares of Common Stock determined on pro-rata basis in accordance with the equity transfer agreement. In the event Ms. Nabi remains employed through the third vesting date, Cottage Holdco B.V. has agreed to transfer an additional 5,000,000 shares of Common Stock to Ms. Nabi. On October 29, 2021, Cottage Holdco B.V. completed the transfer of 10,000,000 shares of Common Stock to Ms. Nabi. The Company recognized share-based compensation expense of $100.8 and nil for Ms. Nabi's award for the three months ended September 30, 2021 and 2020, respectively. Restricted Stock The Company granted no shares of restricted stock during the three months ended September 30, 2021. The Company recognized share-based compensation expense of $0.2 and $(0.1) for the three months ended September 30, 2021 and 2020, respectively. Series A Preferred Stock and Series A-1 Preferred Stock The Company granted no shares of Series A Preferred Stock and no shares of Series A-1 Preferred Stock during the three months ended September 30, 2021. The Company recognized share-based compensation expense (income) of $0.4 and $(0.1) for the three months ended September 30, 2021 and 2020, respectively. Non-Qualified Stock Options The Company granted no non-qualified stock options during the three months ended September 30, 2021. The Company recognized share-based compensation expense of $0.8 and $0.6 for the three months ended September 30, 2021 and 2020, respectively.

NET INCOME ATTRIBUTABLE TO COTY

NET INCOME ATTRIBUTABLE TO COTY INC. PER COMMON SHARE	3 Months Ended
	Sep. 30, 2021
Earnings Per Share [Abstract]
NET INCOME ATTRIBUTABLE TO COTY INC. PER COMMON SHARE	NET INCOME ATTRIBUTABLE TO COTY INC. PER COMMON SHARE Reconciliation between the numerators and denominators of the basic and diluted income per share (“EPS”) computations is presented below: Three Months Ended 2021 2020 Amounts attributable to Coty Inc.: Net income from continuing operations $ 226.0 $ 116.7 Convertible Series B Preferred Stock dividends (123.0) (20.8) Net income from continuing operations attributable to common stockholders 103.0 95.9 Net income from discontinued operations, net of tax — 104.7 Net income attributable to common stockholders $ 103.0 $ 200.6 Weighted-average common shares outstanding: Weighted-average common shares outstanding—Basic 777.6 763.9 Effect of dilutive stock options and Series A/A-1 Preferred Stock (a) — — Effect of restricted stock and RSUs (b) 10.1 1.4 Effect of Convertible Series B Preferred Stock (c) — 151.4 Weighted-average common shares outstanding—Diluted 787.7 916.7 Earnings per common share: Earnings from continuing operations per common share - basic $ 0.13 $ 0.13 Earnings from continuing operations per common share - diluted (d) 0.13 0.13 Earnings from discontinued operations - basic — 0.13 Earnings from discontinued operations - diluted — 0.11 Earnings per common share - basic 0.13 0.26 Earnings per common share - diluted (d) 0.13 0.24 (a) For the three months ended September 30, 2021 and 2020, outstanding stock options and Series A/A-1 Preferred Stock with purchase or conversion rights to purchase 11.4 and 16.8 million shares of Common Stock, respectively, were anti-dilutive and excluded from the computation of diluted EPS.

MANDATORILY REDEEMABLE FINANCIA

MANDATORILY REDEEMABLE FINANCIAL INTERESTS AND REDEEMABLE NONCONTROLLING INTERESTS	3 Months Ended
	Sep. 30, 2021
Noncontrolling Interest [Abstract]
MANDATORILY REDEEMABLE FINANCIAL INTERESTS AND REDEEMABLE NONCONTROLLING INTERESTS	MANDATORILY REDEEMABLE FINANCIAL INTERESTS AND REDEEMABLE NONCONTROLLING INTERESTS Mandatorily Redeemable Financial Interest Convertible Series B Preferred Stock As a result of the Exchange Agreement, discussed in Note 15—Equity and Convertible Preferred Stock, Series B Preferred Stock and related accrued dividends were reclassified from temporary equity to liability as Mandatorily redeemable Convertible Series B Preferred Stock, as of September 30, 2021. United Arab Emirates subsidiary In July 2021, the Company purchased the remaining 25% noncontrolling interest of a certain subsidiary in the United Arab Emirates from the noncontrolling interest holder for $7.1, pursuant to the related U.A.E. Shareholders Agreement. The termination was effective on December 31, 2020 and immediately prior to the cash payment, the noncontrolling interest balance was recorded as a mandatorily redeemable financial instrument liability. Redeemable Noncontrolling Interests Subsidiary in the Middle East As of September 30, 2021, the noncontrolling interest holder in the Company’s subsidiary in the Middle East had a 25% ownership share. The Company adjusts the redeemable noncontrolling interests (“RNCI”) to redemption value at the end of each reporting period with changes recognized as adjustments to APIC. The Company recognized $83.4 and $84.1 as the RNCI balances as of September 30, 2021 and June 30, 2021, respectively.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	3 Months Ended
	Sep. 30, 2021
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	COMMITMENTS AND CONTINGENCIES Legal Matters The Company is involved, from time to time, in various litigation, administrative and other legal proceedings, including regulatory actions, incidental or related to its business, including consumer class or collective actions, personal injury (including asbestos claims related to the Company’s talc-based cosmetic products), intellectual property, competition, compliance and advertising claims litigation and disputes, among others (collectively, “Legal Proceedings”). While the Company cannot predict any final outcomes relating thereto, management believes that the outcome of current Legal Proceedings will not have a material effect upon its business, prospects, financial condition, results of operations, cash flows or the trading price of the Company’s securities. However, management’s assessment of the Company’s current Legal Proceedings is ongoing, and could change in light of the discovery of additional facts with respect to Legal Proceedings not presently known to the Company, further legal analysis, or determinations by judges, arbitrators, juries or other finders of fact or deciders of law which are not in accord with management’s evaluation of the probable liability or outcome of such Legal Proceedings. From time to time, the Company is in discussions with regulators, including discussions initiated by the Company, about actual or potential violations of law in order to remediate or mitigate associated legal or compliance risks and liabilities or penalties. As the outcomes of such proceedings are unpredictable, the Company can give no assurance that the results of any such proceedings will not materially affect its reputation, business, prospects, financial condition, results of operations, cash flows or the trading price of its securities. Certain Litigation . A consolidated purported stockholder class action and derivative complaint concerning the tender offer by Cottage Holdco B.V. (the “Cottage Tender Offer”) and the Schedule 14D-9 is pending against certain current and former directors of the Company, JAB Holding Company S.à r.l., JAB Holdings B.V., JAB Cosmetics B.V., and Cottage Holdco B.V. in the Court of Chancery of the State of Delaware. The Company was named as a nominal defendant. The case, which was filed on May 6, 2019, was captioned Massachusetts Laborers’ Pension Fund v. Harf et al., Case No. 2019-0336-AGB. On June 14, 2019, plaintiffs in the consolidated action filed a Verified Amended Class Action and Derivative Complaint (“Amended Complaint”). After defendants responded to the Amended Complaint, on October 21, 2019, plaintiffs filed a Verified Second Amended Class Action and Derivative Complaint (the “Second Amended Complaint”), alleging that the directors and JAB Holding Company S.à r.l., JAB Holdings B.V., JAB Cosmetics B.V., and Cottage Holdco B.V. breached their fiduciary duties to the Company’s stockholders and breached the Stockholders Agreement. The Second Amended Complaint seeks, among other things, monetary relief. On November 21, 2019, the defendants moved to dismiss certain claims asserted in the Second Amended Complaint, and certain of the director defendants also answered the complaint. On May 7, 2020, plaintiffs stipulated to the dismissal without prejudice of JAB Holding Company S.à r.l. from the action. On August 17, 2020, the court denied the remaining motions to dismiss. The case is currently at the discovery stage with a trial date scheduled for November 2022. A purported stockholder class action complaint, alleging violations of the U.S. securities laws in connection with the P&G beauty brands acquisition is pending against the Company as well as certain current and former officers of the Company in the U.S. District Court for the Southern District of New York. The case, which was filed on September 4, 2020, is captioned Crystal Garrett-Evans v. Coty Inc. et al., Case No. 1:20-cv-07277 (the “Evans Action”). On November 23, 2020, the court appointed the individual Susan Nock as lead plaintiff and the Rosen Firm as lead counsel. The plaintiff filed an amended complaint on January 22, 2021. The Amended Complaint asserts claims under the federal securities laws and seeks, among other things, monetary relief. On March 8, 2021, the Company filed a motion to dismiss the amended complaint, and on August 4, 2021 the court dismissed the amended complaint, holding that it failed to set forth a valid claim. There has been no appeal of the dismissal and the Evans Action has been concluded. A second purported stockholder class action and derivative complaint, alleging violations of the U.S. securities laws in connection with the P&G beauty brands acquisition and the Kylie Brands transaction as well as claims for breach of fiduciary duties, unjust enrichment, abuse of control, gross mismanagement, and waste of corporate assets by certain current and former officers and directors of the Company, is pending in the U.S. District Court for the Southern District of New York. The case, which was filed on November 17, 2020, is captioned Chris Lewis v. Becht et al., Case No. 1:20-cv-09685 (the “Lewis Action”). The Company was named as a nominal defendant. The plaintiff seeks, among other things, injunctive and/or monetary relief. This action was voluntarily stayed during the pendency of the motion to dismiss the Evans Action. Following the dismissal of the Evans Action, counsel for the plaintiff in the Lewis Action agreed to dismiss the case and the court has approved the dismissal of the action as of October 2021. At this time, the Company cannot reasonably estimate a range of loss, if any, not covered by available insurance, that may result given the current status of these lawsuits. Brazilian Tax Assessments The Company’s Brazilian subsidiaries receive tax assessments from local, state and federal tax authorities in Brazil from time to time. Current open tax assessments as of September 30, 2021 are: Assessment received Type of assessment Type of Tax Tax period impacted Estimated amount, including interest and penalties as of September 30, 2021 Mar-18 State sales tax credits, which the Treasury Office of the State of Goiás considers as improperly registered ICMS 2016-2017 R$1.0 million (approximately $0.2) (a) Aug-20 ICMS 2017-2019 R$671.2 million (approximately $123.9) Oct-20 Federal excise taxes, which the Treasury Office of the Brazil’s Internal Revenue Service considers as improperly calculated IPI 2016-2017 R$344.4 million (approximately $63.6) Nov-20 State sales taxes, which the Treasury Office of the State of Minas Gerais considers as improperly calculated ICMS 2016-2019 R$188.1 million (approximately $34.7) Jun-21 State sales tax, which the Treasury Office of the State of Goiás considers as improperly calculated ICMS 2016-2020 R$76.0 million (approximately $14.0) (a) During the first quarter of fiscal 2022, assessments amounting in R$360.7 million (approximately $66.6) were dismissed by the Goiás State Treasury's Attorney Office in favor of the Company. All cases are currently in the administrative process. The Company is seeking favorable administrative decisions on the tax enforcement actions filed by the tax authorities for these assessments. The Company believes it has meritorious defenses and it has not recognized a loss for these assessments as the Company does not believe a loss is probable. Due to the fiscal environment in Brazil, the possibility of further tax assessments related to the same or similar matters cannot be ruled out.

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	3 Months Ended
	Sep. 30, 2021
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	RELATED PARTY TRANSACTIONS Equity Transfer Agreement In connection with the Award granted to the Company’s CEO on June 30, 2021, Cottage Holdco B.V. has agreed to transfer to her (either directly or through contributing to the Company) one-half of the total number of shares of Common Stock owed to her if and when the Award vests. See Note 16—Share-Based Compensation Plans for more information on the Award. Relationship with KKR As noted in Note 15—Equity and Convertible Preferred Stock, in fiscal 2020 KKR Aggregator purchased Series B Preferred Stock. This preferred stock conveys to KKR Aggregator the right to designate two directors to the Company’s Board of Directors and voting rights on an as-converted basis. In June of 2020, KKR Bidco and Coty entered into a separate definitive agreement regarding a strategic transaction (“Wella Transaction”) for the sale of the Company’s Professional and Retail Hair business, which was completed on November 30, 2020. As of September 30, 2021 KKR owned 60% of this separately managed entity and Coty owned the remaining 40%. Refer to Note 15—Equity and Convertible Preferred Stock for the definitive agreement entered into with KKR that closed on October 20, 2021. On September 10, 2021, KKR Aggregator converted a portion of its Series B Preferred Stock into Class A common stock of the Company and completed a secondary public offering of the converted shares of Class A common stock. Refer to Note 15—Equity and Convertible Preferred Stock. Assuming full conversion of its remaining preferred stock (and accrued dividends through September 30, 2021) and no other changes to the Company’s capitalization, KKR Aggregator would be the second largest shareholder, with a 10.9% stake as of September 30, 2021. On October 20, 2021, the Company completed the sale of a 9.4% stake in the Wella Business to KKR Aggregator in exchange for the Series B Preferred Stock Redemption, reducing the Company's total shareholding in the Wella Business to approximately 30.6% as of October 20, 2021. Additionally, on November 6, 2021, Coty entered into a definitive agreement to sell an additional approximate 4.7% stake in Wella to KKR Aggregator in exchange for the redemption of approximately 56% of KKR Aggregator 's remaining convertible preferred shares in Coty, reducing the Company’s total shareholding in Wella to 25.9%. The transaction is expected close on November 30, 2021. Refer to Note 15—Equity and Convertible Preferred Stock. During fiscal 2021, fees of $7.6 were incurred with KKR in connection with the second closing of the Series B Preferred Stock; these fees reduced the carrying value of the stock. The Company also entered into agreements with KKR for potential consulting and advisory services. No fees were incurred under such agreements in fiscal 2022 or 2021. From time to time, certain funds held by KKR may hold the Company’s Senior Secured and Unsecured Notes (as defined in Note 11—Debt). These funds may receive principal and interest payments on the same terms as other investors in the Company’s Senior Secured and Unsecured Notes. Wella As of September 30, 2021, Coty owned 40% of the Wella Business as an equity investment and performs certain services to Wella. Refer to Note 8— Equity Investments. In connection with the sale of the Wella Business, the Company and Wella entered into a Transitional Services Agreement (“TSA”). Subject to the terms of this TSA, the Company will perform services for Wella in exchange for related service fees. Such services include billing and collecting from Wella customers, certain logistics and warehouse services, as well as other administrative and systems support. The various TSA services will be provided for a period of up to eighteen months and can be extended for another three month period. The Company and Wella may mutually agree to end certain TSA services before the contractual end date and may ramp down or phase out certain TSA services in the months leading up to the contractual end date. The Company and Wella have also entered into other manufacturing and distribution arrangements to facilitate the Wella Business transition in the U.S. and Brazil. TSA fees and other fees earned were $33.2 and $1.5, respectively, for the three months ended September 30, 2021. The TSA fees are principally invoiced on a cost plus basis. The TSA fees and other fees were included in Selling, general and administrative expenses and Cost of sales, respectively, in the Company's Condensed Consolidated Statement of Operations. As of September 30, 2021, accounts receivable from and accounts payable to Wella of $160.7 and $46.2, respectively, were included in Prepaid expenses and other current assets and Accrued expenses and other current liabilities, respectively, in the Company's Condensed Consolidated Balance Sheets. In accordance with the separation agreement with Wella, Coty shall retain and be solely responsible for any amounts payable to former Coty employees transferred to Wella (“Wella employees”), who participated in the Coty Long-Term Incentive Plan. The Wella employees will continue to participate and vest on the current terms for the remaining vesting period after the separation. As such, Coty will continue to recognize the share-based compensation expense for Wella employees until the existing equity awards reach their vesting date. For the three months ended September 30, 2021, Coty recorded $1.6 of share-based compensation expense related to Wella employees, which was presented as part of Other income, net in the Condensed Consolidated Statements of Operations. The Company has certain sublease arrangements with Wella after the sale. For the three months ended September 30, 2021, the Company reported sublease income of $2.4 from Wella.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	3 Months Ended
	Sep. 30, 2021
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	SUBSEQUENT EVENTS KKR Definitive Agreement On October 20, 2021, the Company completed the sale of 9.4% stake in the Wella Business to KKR in exchange for the redemption of approximately half of KKR's remaining Series B Convertible Preferred Stock shares in Coty and a portion of unpaid dividends, reducing the Company's total shareholding in the Wella Business to approximately 30.6%. Additionally, on November 6, 2021, Coty entered into a definitive agreement to sell an additional approximate 4.7% stake in Wella to KKR Aggregator in exchange for the redemption of approximately 56% of KKR Aggregator 's remaining convertible preferred shares in Coty, reducing the Company’s total shareholding in Wella to 25.9%. The transaction is expected close on November 30, 2021. Refer to Note 15—Equity and Convertible Preferred Stock.

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	3 Months Ended
	Sep. 30, 2021
Accounting Policies [Abstract]
Fiscal Period	The Company operates on a fiscal year basis with a year-end of June 30. Unless otherwise noted, any reference to a year preceded by the word “fiscal” refers to the fiscal year ended June 30 of that year. For example, references to “fiscal 2022” refer to the fiscal year ending June 30, 2022.
Basis of Presentation	Basis of Presentation The unaudited interim Condensed Consolidated Financial Statements are presented in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information and include the Company’s consolidated domestic and international subsidiaries. Certain information and disclosures normally included in consolidated financial statements prepared in accordance with GAAP have been condensed or omitted. Accordingly, these unaudited interim Condensed Consolidated Financial Statements and accompanying footnotes should be read in conjunction with the Company’s Consolidated Financial Statements as of and for the year ended June 30, 2021. In the opinion of management, all adjustments, of a normal recurring nature, considered necessary for a fair presentation have been included in the Condensed Consolidated Financial Statements. The results of operations for the three months ended September 30, 2021 are not necessarily indicative of the results of operations to be expected for the full fiscal year ending June 30, 2022. All dollar amounts (other than per share amounts) in the following discussion are in millions of United States (“U.S.”) dollars, unless otherwise indicated.
Restricted Cash	Restricted CashRestricted cash represents funds that are not readily available for general purpose cash needs due to contractual limitations. Restricted cash is classified as a current or long-term asset based on the timing and nature of when or how the cash is expected to be used or when the restrictions are expected to lapse.Restricted cash is included as a component of Cash, cash equivalents and restricted cash in the Condensed Consolidated Statement of Cash Flows.
Equity Investments	Equity Investments The Company elected the fair value option to account for its investment in Wella to align with the Company’s strategy for this investment. The fair value is updated on a quarterly basis. The investment is classified within Level 3 in the fair value hierarchy because the Company estimates the fair value of the investment using a combination of the income approach, the market approach and private transactions, when applicable. Changes in the fair value of equity investment under the fair value option are recorded in Other income, net within the Condensed Consolidated Statements of Operations (see Note 8—Equity Investments).
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and revenues and expenses during the period reported. Significant accounting policies that contain subjective management estimates and assumptions include those related to revenue recognition, the net realizable value of inventory, the fair value of acquired assets and liabilities associated with acquisitions, the fair value of equity investments, the assessment of goodwill, other intangible assets and long-lived assets for impairment and income taxes. Management evaluates its estimates and assumptions on an ongoing basis using historical experience and other factors, including the current economic environment, and makes adjustments when facts and circumstances dictate. As future events and their effects cannot be determined with precision, actual results could differ significantly from those estimates and assumptions. Significant changes, if any, in those estimates and assumptions resulting from continuing changes in the economic environment will be reflected in the Condensed Consolidated Financial Statements in future periods.
Tax Information	Tax Information The effective income tax rate for the three months ended September 30, 2021 and 2020 was 33.4% and 200.2%, respectively. The positive effective tax rate for the three months ended September 30, 2021 results from reporting income before taxes and a provision for income taxes. The positive effective tax rate for the three months ended September 30, 2020 results from reporting losses before income taxes and a benefit for income taxes. The change in the effective tax rate for the three months ended September 30, 2021, as compared with the three months ended September 30, 2020, is primarily due to the limitation on the deductibility of executive stock compensation in the current period as well as a benefit related to a change in the Company's main principal location of $220.5 recorded in the prior period. The benefit recorded in the prior period was the result of a tax rate differential on the deferred taxes recognized on the transfer of assets and liabilities, following the relocation of the Company's main principal location from Geneva to Amsterdam. The effective income tax rates vary from the U.S. federal statutory rate of 21% due to the effect of (i) jurisdictions with different statutory rates, (ii) adjustments to the Company’s unrealized tax benefits (“UTBs”) and accrued interest, (iii) non-deductible expenses, (iv) audit settlements and (v) valuation allowance changes.
Recently Adopted Accounting Pronouncements	Recently Adopted Accounting Pronouncements In January 2020, the FASB issued ASU No. 2020-01, Investments—Equity Securities (Topic 321), Investments—Equity Method and Joint Ventures (Topic 323), and Derivatives and Hedging (Topic 815) , which clarifies certain interactions between the accounting for equity securities, equity method investments, and certain derivative instruments. The Company adopted this guidance in the first quarter of fiscal 2022. The adoption of this standard did not have a material impact on the Company's financial position and its results of operations. Recently Issued Accounting Pronouncements In March 2020, the FASB issued ASU No. 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting . The new guidance under ASU No. 2020-04 provides optional expedients and exceptions for applying U.S. GAAP to contracts, hedging relationships and other transactions affected by reference rate reform if certain criteria are met. The amendments apply only to contracts and hedging relationships that reference LIBOR or another reference rate expected to be discontinued due to reference rate reform. These amendments are effective immediately and may be applied prospectively to contract modifications made and hedging relationships entered into or evaluated on or before December 31, 2022. The Company is in the process of assessing the impact, if any, that ASU No. 2020-04 is expected to have on the Company’s financial position, its results of operations and related disclosures. In August 2020, the FASB issued ASU No. 2020-06, Debt- Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging- Contracts in Entity’s Own Equity (Subtopic 815-40) , which removes certain separation models for convertible debt instruments and convertible preferred stock that require the separation of a convertible debt instrument into a debt component and an equity or derivative component. The Company is evaluating the impact this guidance will have on the Company’s financial position, its results of operations and related disclosures.
Derivative Instruments	Foreign Exchange Risk Management The Company is exposed to foreign currency exchange fluctuations through its global operations. The Company may reduce its exposure to fluctuations in the cash flows associated with changes in foreign exchange rates by creating offsetting positions through the use of derivative instruments and also by designating foreign currency denominated borrowings and cross-currency swaps as hedges of net investments in foreign subsidiaries. The Company expects that through hedging, any gain or loss on the derivative instruments would generally offset the expected increase or decrease in the value of the underlying forecasted transactions. The Company is exposed to foreign currency exchange rate fluctuations in the normal course of business, including through exposure to inventory expenditures made by the Company’s international subsidiaries whose functional currency is other than the transaction currency. To manage this exposure, beginning in June 2021, the Company entered into non-deliverable forward foreign-exchange contracts (the “NDF contracts”) that are intended to offset changes in cash flow attributable to currency exchange movements. The NDF contracts have been designated as foreign exchange cash flow hedges. The Company entered into these contracts with counterparties that are banks or other financial institutions, and the Company considers the risk of non-performance by such counterparties not to be material. The Company also continued to use certain derivatives as economic hedges of foreign currency exposure on firm commitments, which do not qualify for hedge accounting. Although these derivatives were not designated for hedge accounting, the overall objective of mitigating foreign currency exposure is the same for all derivative instruments. The Company does not enter into derivative financial instruments for trading or speculative purposes, nor is the Company a party to leveraged derivatives. For derivatives not designated as hedging instruments, changes in fair value are recorded in the line item in the Condensed Consolidated Statements of Operations to which the derivative relates. Interest Rate Risk The Company is exposed to interest rate fluctuations related to its variable rate debt instruments. The Company may reduce its exposure to fluctuations in the cash flows associated with changes in the variable interest rates by entering into offsetting positions through the use of derivative instruments, such as interest rate swap contracts. The interest rate swap contracts result in recognizing a fixed interest rate for the portion of the Company’s variable rate debt that was hedged. This will reduce the negative and positive impact of increases in the variable rates over the term of the contracts. Hedge effectiveness of interest rate swap contracts is based on a long-haul hypothetical derivative methodology and includes all changes in value.

DISCONTINUED OPERATIONS (Tables

DISCONTINUED OPERATIONS (Tables)	3 Months Ended
	Sep. 30, 2021
Discontinued Operations and Disposal Groups [Abstract]
Schedule of discontinued operations	The following table has selected financial information included in Net income from discontinued operations for the Wella Business. Three Months Ended September 30, 2020 Net revenues $ 566.4 Cost of sales 181.0 Gross profit 385.4 Selling, general and administrative expenses 240.0 Operating income 145.4 Interest expense, net (a) 11.8 Other expense (income), net 0.1 (Loss) income from discontinued operations before income taxes 133.5 (Benefit) provision for income taxes on discontinued operations 28.8 Net income from discontinued operations $ 104.7 (a) In terest expense was allocated to the discontinued operations due to a requirement in the 2018 Coty Credit Agreement, as amended (defined in Note 11—Debt), that cash generated from the sale of the Wella Business is utilized to reduce the Company’s debt within the twelve months following the sale completion date, other than a maximum of $500.0 that will be used for reinvestment in the Company's business, pursuant to the 2018 Coty Credit Agreement, as amended. See Note 11—Debt for more information. The following is selected financial information included in cash flows from discontinued operations for the Wella Business held for sale: Three Months Ended September 30, 2020 NON-CASH OPERATING ITEMS Depreciation and amortization $ — CASH FLOW FROM INVESTING ACTIVITIES Capital expenditures $ 4.7

SEGMENT REPORTING (Tables)

SEGMENT REPORTING (Tables)	3 Months Ended
	Sep. 30, 2021
Segment Reporting [Abstract]
Schedule of reportable segments	Three Months Ended SEGMENT DATA 2021 2020 Net revenues: Prestige $ 870.7 $ 644.4 Consumer Beauty 501.0 479.7 Total $ 1,371.7 $ 1,124.1 Operating income (loss): Prestige 132.1 34.0 Consumer Beauty 11.4 (13.7) Corporate (126.3) (86.3) Total $ 17.2 $ (66.0) Reconciliation: Operating income (loss) 17.2 (66.0) Interest expense, net 59.8 62.1 Other income, net (386.1) (5.8) Income (loss) from continuing operations before income taxes $ 343.5 $ (122.3)
Schedule of percentage of revenues associated with product categories	Presented below are the percentage of revenues associated with the Company’s product categories: Three Months Ended PRODUCT CATEGORY 2021 2020 Fragrance 59.7 % 56.0 % Color Cosmetics 28.4 30.1 Body Care & Other 11.9 13.9 Total 100.0 % 100.0 %

RESTRUCTURING COSTS (Tables)

RESTRUCTURING COSTS (Tables)	3 Months Ended
	Sep. 30, 2021
Restructuring and Related Activities [Abstract]
Restructuring costs	Restructuring costs for the three months ended September 30, 2021 and 2020 are presented below: Three Months Ended 2021 2020 Transformation Plan $ 12.4 $ 31.2 Other Restructuring — (1.1) Total $ 12.4 $ 30.1 The following table presents aggregate restructuring charges for the program: Severance and Employee Benefits Fixed Asset Write-offs Other Exit Costs Total Fiscal 2020 $ 151.2 $ (1.1) $ 6.5 $ 156.6 Fiscal 2021 73.4 (0.5) 0.3 73.2 Fiscal 2022 12.4 — — 12.4 Cumulative through September 30, 2021 $ 237.0 $ (1.6) $ 6.8 $ 242.2
Schedule of related liability balance and restructuring costs	The related liability balance and activity of restructuring costs for the Transformation Plan restructuring costs are presented below: Severance and Employee Benefits Fixed Asset Write-offs Other Exit Costs Total Balance—July 1, 2021 $ 122.5 $ — $ 0.3 $ 122.8 Restructuring charges 14.9 — — 14.9 Payments (11.7) — (0.3) (12.0) Changes in estimates (2.5) — — (2.5) Non-cash utilization — — — — Effect of exchange rates (2.2) — 0.1 (2.1) Balance—September 30, 2021 $ 121.0 $ — $ 0.1 $ 121.1

INVENTORIES (Tables)

INVENTORIES (Tables)	3 Months Ended
	Sep. 30, 2021
Inventory Disclosure [Abstract]
Schedule of inventory	Inventories as of September 30, 2021 and June 30, 2021 are presented below: September 30, June 30, Raw materials $ 162.1 $ 159.5 Work-in-process 8.3 12.5 Finished goods 490.3 478.8 Total inventories $ 660.7 $ 650.8

EQUITY INVESTMENTS (Tables)

EQUITY INVESTMENTS (Tables)	3 Months Ended
	Sep. 30, 2021
Investments, Debt and Equity Securities [Abstract]
Equity investments	The Company's equity investments, classified as Equity investments on the Condensed Consolidated Balance Sheets are represented by the following: September 30, June 30, Equity method investments: KKW Holdings (a) $ 15.6 $ 16.2 Equity investments at fair value: Wella (b) 1,650.0 1,260.0 Total equity investments $ 1,665.6 $ 1,276.2 (a) On January 4, 2021, the Company completed its purchase of 20% of the outstanding equity of KKW Holdings. The Company accounts for this minority investment under the equity method, given it has the ability to exercise significant influence over, but not control, the investee. The carrying value of the Company’s investment includes basis differences allocated to amortizable intangible assets. (b) On November 30, 2020, the Company completed the previously announced strategic transaction with KKR for the sale of a majority stake in Coty’s Wella Business. As part of the transaction, Coty received initial cash proceeds of $2,451.7, and retained a 40% stake in Wella. The Company initially computed the fair value of its retained noncontrolling interest investment based on the fair value of the Wella Business exchanged with KKR. This resulted in an initial fair value of $1,634.5 for the retained noncontrolling interest investment in Wella. Immediately after closing, Wella drew down on their third party debt for $1,282.4 and used $448.0 of such funds to make a distribution to the Company, which the Company has accounted for as a return of capital. As of September 30, 2021 and June 30, 2021, the fair value of the Company's investment in Wella was estimated to be $1,650.0 and $1,260.0, respectively. The following table presents summarized financial information of the Company’s equity method investees for the period ending September 30, 2021. Amounts presented represent combined totals at the investee level and not the Company’s proportionate share: Three Months Ended 2021 Summarized Statements of Operations information: Net revenues $ 619.2 Gross profit 429.7 Operating income 25.6 Income before income taxes 7.5 Net income 5.5
Summary of movement in equity investments	The following table summarizes movements in equity investments with fair value option that are classified within Level 3 for the period ended September 30, 2021. There were no internal movements to or from Level 3 from Level 1 or Level 2 for the period ended September 30, 2021. Equity investments at fair value: Balance as of June 30, 2021 $ 1,260.0 Total gains/(losses) included in earnings - unrealized 390.0 Balance as of September 30, 2021 $ 1,650.0
Summary of significant unobservable inputs used in Level 3 valuation	The following table summarizes the significant unobservable inputs used in Level 3 valuation of the Company's investments carried at fair value as of September 30, 2021. Included in the table are the inputs or range of possible inputs that have an effect on the overall valuation of the financial instruments. Fair value Valuation Technique Unobservable input Range Equity investments at fair value $ 1,650.0 Discounted cash flows Discount rate 11.00% (a) Growth rate 1.5% - 4.2% (a) Market multiple Revenue multiple 2.0x (b) EBITDA multiple 11.5x – 17.5x (b) (a) The primary unobservable inputs used in the fair value measurement of the Company's equity investments with fair value option, when using a discounted cash flow method, are the discount rate and revenue growth rate. Significant increases (decreases) in the discount rate in isolation would result in a significantly lower (higher) fair value measurement. The Company estimates the discount rate based on the investees' projected cost of equity and debt. The revenue growth rate is forecasted for future years by the investee based on their best estimates. Significant increases (decreases) in the revenue growth rate in isolation would result in a significantly higher (lower) fair value measurement. (b) The primary unobservable inputs used in the fair value measurement of the Company's equity investments with fair value option, when using a market multiple method, are the revenue multiple and EBITDA multiple. Significant increases (decreases) in the revenue multiple or EBITDA multiple in isolation would result in a significantly higher (lower) fair value measurement. The market multiples are derived from a group of guideline public companies.

GOODWILL AND OTHER INTANGIBLE_2

GOODWILL AND OTHER INTANGIBLE ASSETS, NET (Tables)	3 Months Ended
	Sep. 30, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of goodwill	Goodwill as of September 30, 2021 and June 30, 2021 is presented below: Prestige Consumer Beauty Total Gross balance at June 30, 2021 $ 6,384.0 $ 1,774.2 $ 8,158.2 Accumulated impairments (3,110.3) (929.8) (4,040.1) Net balance at June 30, 2021 $ 3,273.7 $ 844.4 $ 4,118.1 Changes during the period ended September 30, 2021 Foreign currency translation (63.9) (16.8) (80.7) Gross balance at September 30, 2021 $ 6,320.1 $ 1,757.4 $ 8,077.5 Accumulated impairments (3,110.3) (929.8) (4,040.1) Net balance at September 30, 2021 $ 3,209.8 $ 827.6 $ 4,037.4
Schedule of indefinite-lived intangible assets	Other intangible assets, net as of September 30, 2021 and June 30, 2021 are presented below: September 30, June 30, Indefinite-lived other intangible assets $ 1,008.1 $ 1,018.7 Finite-lived other intangible assets, net 3,327.9 3,444.3 Total Other intangible assets, net $ 4,336.0 $ 4,463.0 The changes in the carrying amount of indefinite-lived other intangible assets are presented below: Trademarks Total Gross balance at June 30, 2021 $ 1,932.2 $ 1,932.2 Accumulated impairments (913.5) (913.5) Net balance at June 30, 2021 $ 1,018.7 $ 1,018.7 Changes during the period ended September 30, 2021 Foreign currency translation (10.6) (10.6) Gross balance at September 30, 2021 $ 1,921.6 $ 1,921.6 Accumulated impairments (913.5) (913.5) Net balance at September 30, 2021 $ 1,008.1 $ 1,008.1
Schedule of finite-lived intangible assets	Other intangible assets, net as of September 30, 2021 and June 30, 2021 are presented below: September 30, June 30, Indefinite-lived other intangible assets $ 1,008.1 $ 1,018.7 Finite-lived other intangible assets, net 3,327.9 3,444.3 Total Other intangible assets, net $ 4,336.0 $ 4,463.0 Intangible assets subject to amortization are presented below: Cost Accumulated Amortization Accumulated Impairment Net June 30, 2021 License agreements and collaboration agreements $ 4,192.9 $ (1,229.1) $ (19.6) $ 2,944.2 Customer relationships 803.1 (486.3) (5.5) 311.3 Trademarks 330.2 (168.7) (0.5) 161.0 Product formulations and technology 90.2 (62.4) — 27.8 Total $ 5,416.4 $ (1,946.5) $ (25.6) $ 3,444.3 September 30, 2021 License agreements and collaboration agreements $ 4,124.3 $ (1,251.1) $ (19.6) $ 2,853.6 Customer relationships 765.7 (467.6) (5.5) 292.6 Trademarks 327.9 (171.2) (0.5) 156.2 Product formulations and technology 88.2 (62.7) — 25.5 Total $ 5,306.1 $ (1,952.6) $ (25.6) $ 3,327.9

LEASES (Tables)

LEASES (Tables)	3 Months Ended
	Sep. 30, 2021
Leases [Abstract]
Schedule of lease cost	The following chart provides additional information about the Company’s operating leases: Three Months Ended Lease Cost: 2021 2020 Operating lease cost $ 20.9 $ 19.2 Short-term lease cost 0.3 0.2 Variable lease cost 8.9 13.9 Sublease income (5.3) (1.5) Net lease cost $ 24.8 $ 31.8 Other information: Operating cash outflows from operating leases $ (22.5) $ (31.4) Right-of-use assets obtained in exchange for lease obligations $ 8.4 $ 8.0 Weighted-average remaining lease term - real estate 6.4 years 6.8 years Weighted-average discount rate - real estate leases 3.53 % 3.20 %
Schedule of future minimum lease payments for operating leases	Future minimum lease payments for the Company’s operating leases are as follows: Fiscal Year Ending June 30, 2022, remaining $ 62.1 2023 67.9 2024 54.9 2025 43.4 2026 36.1 Thereafter 104.9 Total future lease payments 369.3 Less: imputed interest (42.5) Total present value of lease liabilities 326.8 Current operating lease liabilities 69.0 Long-term operating lease liabilities 257.8 Total operating lease liabilities $ 326.8 Table excludes obligations for leases with original terms of twelve months or less which have not been recognized as ROU assets or liabilities in the Condensed Consolidated Balance Sheets.

DEBT (Tables)

DEBT (Tables)	3 Months Ended
	Sep. 30, 2021
Debt Disclosure [Abstract]
Schedule of debt	The Company’s debt balances consisted of the following as of September 30, 2021 and June 30, 2021, respectively: September 30, June 30, Short-term debt $ — $ — Senior Secured Notes 2026 Dollar Senior Secured Notes due April 2026 900.0 900.0 2026 Euro Senior Secured Notes due April 2026 812.2 833.3 2018 Coty Credit Agreement 2018 Coty Revolving Credit Facility due April 2023 590.0 670.0 2021 Coty Revolving Credit Facility due April 2025 — — 2018 Coty Term A Facility due April 2023 111.1 114.0 2018 Coty Term B Facility due April 2025 1,440.3 1,461.7 Senior Unsecured Notes 2026 Dollar Notes due April 2026 550.0 550.0 2023 Euro Notes due April 2023 638.2 654.7 2026 Euro Notes due April 2026 290.1 297.6 Other long-term debt and capital lease obligations 0.1 0.2 Total debt 5,332.0 5,481.5 Less: Short-term debt and current portion of long-term debt (24.0) (24.2) Total Long-term debt 5,308.0 5,457.3 Less: Unamortized financing fees (46.9) (51.7) Less: Discount on long-term debt (11.1) (4.6) Total Long-term debt, net $ 5,250.0 $ 5,401.0
Debt instrument redemption	At any time on or after April 15, 2023, the Company may redeem some or all of the 2026 Dollar Senior Secured Notes and 2026 Euro Senior Secured Notes at the redemption prices (expressed in percentage of principal amount) set forth below, plus accrued and unpaid interest, if any, to, but excluding, the redemption dates, if redeemed during the twelve-month period beginning on April 15 of each of the years indicated below: Price Year 2026 Dollar Senior Secured Notes 2026 Euro Senior Secured Notes 2023 102.5000% 101.9380% 2024 101.2500% 100.9690% 2025 and thereafter 100.0000% 100.0000%
Summary total net leverage ratio requirement	In the case of the 2018 Coty Revolving Credit Facility and the 2018 Coty Term A Facility, the applicable margin means the lesser of a percentage per annum to be determined in accordance with the leverage-based pricing grid and the debt rating-based grid below: Pricing Tier Total Net Leverage Ratio: LIBOR plus: Alternative Base Rate Margin: 1.0 Greater than or equal to 4.75:1 2.000% 1.000% 2.0 Less than 4.75:1 but greater than or equal to 4.00:1 1.750% 0.750% 3.0 Less than 4.00:1 but greater than or equal to 2.75:1 1.500% 0.500% 4.0 Less than 2.75:1 but greater than or equal to 2.00:1 1.250% 0.250% 5.0 Less than 2.00:1 but greater than or equal to 1.50:1 1.125% 0.125% 6.0 Less than 1.50:1 1.000% —% Pricing Tier Debt Ratings S&P/Moody’s: LIBOR plus: Alternative Base Rate Margin: 5.0 Less than BB+/Ba1 2.000% 1.000% 4.0 BB+/Ba1 1.750% 0.750% 3.0 BBB-/Baa3 1.500% 0.500% 2.0 BBB/Baa2 1.250% 0.250% 1.0 BBB+/Baa1 or higher 1.125% 0.125% The 2018 Coty Credit Agreement contains affirmative and negative covenants. The negative covenants include, among other things, limitations on debt, liens, dispositions, investments, fundamental changes, restricted payments and affiliate transactions. With certain exceptions as described below, the 2018 Coty Credit Agreement, as amended, includes a financial covenant that requires us to maintain a Total Net Leverage Ratio (as defined below), equal to or less than the ratios shown below for each respective test period. Quarterly Test Period Ending Total Net Leverage Ratio (a) September 30, 2021 through December 31, 2021 5.25 to 1.00 March 31, 2022 5.00 to 1.00 June 30, 2022 4.75 to 1.00 September 30, 2022 4.50 to 1.00 December 31, 2022 4.25 to 1.00 March 31, 2023 through June 30, 2023 4.00 to 1.00 (a) Total Net Leverage Ratio means, as of any date of determination, the ratio of: (a) (i) Total Indebtedness minus (ii) unrestricted and Cash Equivalents of the Parent Borrower and its Restricted Subsidiaries as determined in accordance with GAAP to (b) Adjusted EBITDA for the most recently ended Test Period (each of the defined terms, including Adjusted EBITDA, used within the definition of Total Net Leverage Ratio have the meanings ascribed to them within the 2018 Coty Credit Agreement, as amended). Adjusted EBITDA, as defined in the 2018 Coty Credit Agreement, as amended, includes certain add backs related to cost savings, unusual events such as COVID-19, operating expense reductions and future unrealized synergies subject to certain limits and conditions as specified in the 2018 Coty Credit Agreement, as amended.
Schedule of line of credit facilities	Fair Value of Debt September 30, 2021 June 30, 2021 Carrying Fair Carrying Fair Senior Secured Notes $ 1,712.2 $ 1,755.9 $ 1,733.3 $ 1,749.1 2018 Coty Credit Agreement 2,141.4 2,094.0 2,245.7 2,188.5 Senior Unsecured Notes 1,478.3 1,502.3 1,502.3 1,500.5
Schedule of maturities of long-term debt	Aggregate maturities of the Company’s long-term debt, including the current portion of long-term debt and excluding capital lease obligations as of September 30, 2021, are presented below: Fiscal Year Ending June 30, 2022, remaining $ 17.9 2023 1,363.1 2024 23.9 2025 1,374.7 2026 2,552.3 Thereafter — Total $ 5,331.9

INTEREST EXPENSE, NET (Tables)

INTEREST EXPENSE, NET (Tables)	3 Months Ended
	Sep. 30, 2021
Interest Income (Expense), Net [Abstract]
Interest expense, net	Interest expense, net for the three months ended September 30, 2021 and 2020, respectively, is presented below: Three Months Ended 2021 2020 Interest expense $ 62.8 $ 59.0 Foreign exchange (gains) losses, net of derivative contracts (2.3) 4.4 Interest income (0.7) (1.3) Total interest expense, net $ 59.8 $ 62.1

EMPLOYEE BENEFIT PLANS (Tables)

EMPLOYEE BENEFIT PLANS (Tables)	3 Months Ended
	Sep. 30, 2021
Retirement Benefits [Abstract]
Schedule of net benefit costs	The components of net periodic benefit cost for pension plans and other post-employment benefit plans recognized in the Condensed Consolidated Statements of Operations are presented below: Three Months Ended September 30, Pension Plans Other Post- Employment Benefits U.S. International Total 2021 2020 2021 2020 2021 2020 2021 2020 Service cost $ — $ — $ 2.4 $ 6.7 $ 0.2 $ 0.3 $ 2.6 $ 7.0 Interest cost 0.1 0.1 1.6 2.5 0.3 0.3 2.0 2.9 Expected return on plan assets — — (1.1) (1.9) — — (1.1) (1.9) Amortization of prior service credit — — — (0.1) (0.1) (0.9) (0.1) (1.0) Amortization of net loss 0.1 0.4 (0.1) — — — — 0.4 Settlement loss recognized — — 0.7 — — — 0.7 — Curtailment gain recognized — — — (5.3) — — — (5.3) Net periodic benefit cost (credit) $ 0.2 $ 0.5 $ 3.5 $ 1.9 $ 0.4 $ (0.3) $ 4.1 $ 2.1

DERIVATIVE INSTRUMENTS (Tables)

DERIVATIVE INSTRUMENTS (Tables)	3 Months Ended
	Sep. 30, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Amount of gains and losses recognized in Other comprehensive income (loss)	The amount of gains and losses recognized in Other comprehensive income (loss) (“OCI”) in the Condensed Consolidated Balance Sheets related to the Company’s derivative and non-derivative financial instruments which are designated as hedging instruments is presented below: Gain (Loss) Recognized in OCI Three Months Ended 2021 2020 Foreign exchange forward contracts $ 1.7 $ (1.2) Interest rate swap contracts (0.6) 0.2 Cross-currency swap contracts — (25.1) Net investment hedges 16.7 (173.1)
Amount of gains and losses recognized in Other comprehensive income (loss)	The amount of gains and losses recognized in Other comprehensive income (loss) (“OCI”) in the Condensed Consolidated Balance Sheets related to the Company’s derivative and non-derivative financial instruments which are designated as hedging instruments is presented below: Gain (Loss) Recognized in OCI Three Months Ended 2021 2020 Foreign exchange forward contracts $ 1.7 $ (1.2) Interest rate swap contracts (0.6) 0.2 Cross-currency swap contracts — (25.1) Net investment hedges 16.7 (173.1)
Amount of gains and losses reclassified from AOCI(L)	The amount of gains and losses reclassified from AOCI/(L) to the Condensed Consolidated Statements of Operations related to the Company’s derivative financial instruments which are designated as hedging instruments is presented below: Location and Amount of Gain (Loss) Recognized in Income on Cash Flow Hedging Relationships Three Months Ended September 30, 2021 2020 Net revenues Interest expense, net Net revenues Interest expense, net Foreign exchange forward contracts: Amount of gain (loss) reclassified from AOCI into income $ 0.1 $ — $ 1.0 $ — Interest rate swap contracts: Amount of gain (loss) reclassified from AOCI into income — (5.0) — (9.8)
Derivatives not designated as hedging	The amount of gains and losses related to the Company’s derivative financial instruments not designated as hedging instruments is presented below: Condensed Consolidated Statements of Operations Three Months Ended 2021 2020 Foreign exchange contracts Selling, general and administrative expenses $ — $ 0.1 Foreign exchange contracts Interest expense, net 7.3 5.3 Foreign exchange contracts Other expense, net (0.2) (0.3)

EQUITY AND CONVERTIBLE PREFER_2

EQUITY AND CONVERTIBLE PREFERRED STOCK (Tables)	3 Months Ended
	Sep. 30, 2021
Equity [Abstract]
Schedule of accumulated other comprehensive income (loss)	Accumulated Other Comprehensive Income (Loss) Foreign Currency Translation Adjustments (Loss) gain on Cash Flow Hedges (Loss) gain on Net Investment Hedge Other Foreign Currency Translation Adjustments Pension and Other Post-Employment Benefit Plans (a) Total Balance—July 1, 2021 $ (15.5) $ (32.2) $ (259.3) $ (14.9) $ (321.9) Other comprehensive income (loss) before reclassifications 0.6 16.7 (159.6) — (142.3) Net amounts reclassified from AOCI/(L) 3.8 — — 0.5 4.3 Net current-period other comprehensive income (loss) 4.4 16.7 (159.6) 0.5 (138.0) Balance—September 30, 2021 $ (11.1) $ (15.5) $ (418.9) $ (14.4) $ (459.9) (a) For the three months ended September 30, 2021, net amounts reclassified from AOCI/(L) related to pensions and other post-employment benefit plans included amortization of prior service credits and actuarial loss of $0.5, net of tax of nil. Foreign Currency Translation Adjustments Loss on Cash Flow Hedges Gain (loss) on Net Investment Hedge Other Foreign Currency Translation Adjustments Pension and Other Post-Employment Benefit Plans Total Balance—July 1, 2020 $ (43.0) $ 261.9 $ (683.8) $ 8.7 $ (456.2) Other comprehensive (loss) income before reclassifications (1.0) (210.7) 200.3 — (11.4) Net amounts reclassified from AOCI/(L) 6.7 — — (1.2) 5.5 Net current-period other comprehensive income (loss) 5.7 (210.7) 200.3 (1.2) (5.9) Balance—September 30, 2020 $ (37.3) $ 51.2 $ (483.5) $ 7.5 $ (462.1)

SHARE-BASED COMPENSATION PLANS

SHARE-BASED COMPENSATION PLANS (Tables)	3 Months Ended
	Sep. 30, 2021
Share-based Payment Arrangement [Abstract]
Share-based compensation expense	Share-based compensation expense is recognized on a straight-line basis over the requisite service period. Total share-based compensation is shown in the table below: Three Months Ended 2021 2020 Equity plan expense (a) $ 107.8 $ 4.9 Equity plan modified and cash settled — 0.9 Liability plan (income) expense 0.4 (0.1) Fringe expense 0.1 — Total share-based compensation expense $ 108.3 $ 5.7 (a) Equity plan shared-based compensation expense of $107.8 and $6.2 were recorded to additional paid in capital and presented in the Condensed Consolidated Statements of Equity for the three months ended September 30, 2021 and 2020, respectively. Of the $6.2 for the three months ended September 30, 2020, $1.3 was reclassified to discontinued operations.

NET INCOME ATTRIBUTABLE TO CO_2

NET INCOME ATTRIBUTABLE TO COTY INC. PER COMMON SHARE (Tables)	3 Months Ended
	Sep. 30, 2021
Earnings Per Share [Abstract]
Reconciliation of numerators and denominators of basic and diluted EPS computations	Reconciliation between the numerators and denominators of the basic and diluted income per share (“EPS”) computations is presented below: Three Months Ended 2021 2020 Amounts attributable to Coty Inc.: Net income from continuing operations $ 226.0 $ 116.7 Convertible Series B Preferred Stock dividends (123.0) (20.8) Net income from continuing operations attributable to common stockholders 103.0 95.9 Net income from discontinued operations, net of tax — 104.7 Net income attributable to common stockholders $ 103.0 $ 200.6 Weighted-average common shares outstanding: Weighted-average common shares outstanding—Basic 777.6 763.9 Effect of dilutive stock options and Series A/A-1 Preferred Stock (a) — — Effect of restricted stock and RSUs (b) 10.1 1.4 Effect of Convertible Series B Preferred Stock (c) — 151.4 Weighted-average common shares outstanding—Diluted 787.7 916.7 Earnings per common share: Earnings from continuing operations per common share - basic $ 0.13 $ 0.13 Earnings from continuing operations per common share - diluted (d) 0.13 0.13 Earnings from discontinued operations - basic — 0.13 Earnings from discontinued operations - diluted — 0.11 Earnings per common share - basic 0.13 0.26 Earnings per common share - diluted (d) 0.13 0.24 (a) For the three months ended September 30, 2021 and 2020, outstanding stock options and Series A/A-1 Preferred Stock with purchase or conversion rights to purchase 11.4 and 16.8 million shares of Common Stock, respectively, were anti-dilutive and excluded from the computation of diluted EPS. (b) For the three months ended September 30, 2021 and 2020 , there were 5.0 and 10.9 million anti-dilutive RSUs, respectively, excluded from the computation of diluted EPS. (c) For the three months ended September 30, 2021, there were 163.1 million dilutive shares of Convertible Series B Preferred Stock excluded from the computation of diluted EPS as their inclusion would be anti-dilutive. (d) Diluted EPS is adjusted by the effect of dilutive securities, including awards under the Company's equity compensation plans and the convertible Series B Preferred Stock. When calculating any potential dilutive effect of stock options, Series A Preferred Stock, restricted stock and RSUs, the Company uses the treasury method and the if-converted method for the Convertible Series B Preferred Stock. The treasury method typically does not adjust the net income attributable to Coty Inc., while the if-converted method requires an adjustment to reverse the impact of the preferred stock dividends of $123.0 and $20.8 for the three months ended September 30, 2021 and 2020, respectively, on net income applicable to common stockholders during the period.

COMMITMENT AND CONTINGENCIES (T

COMMITMENT AND CONTINGENCIES (Tables)	3 Months Ended
	Sep. 30, 2021
Commitments and Contingencies Disclosure [Abstract]
Summary of Income Tax Contingencies	The Company’s Brazilian subsidiaries receive tax assessments from local, state and federal tax authorities in Brazil from time to time. Current open tax assessments as of September 30, 2021 are: Assessment received Type of assessment Type of Tax Tax period impacted Estimated amount, including interest and penalties as of September 30, 2021 Mar-18 State sales tax credits, which the Treasury Office of the State of Goiás considers as improperly registered ICMS 2016-2017 R$1.0 million (approximately $0.2) (a) Aug-20 ICMS 2017-2019 R$671.2 million (approximately $123.9) Oct-20 Federal excise taxes, which the Treasury Office of the Brazil’s Internal Revenue Service considers as improperly calculated IPI 2016-2017 R$344.4 million (approximately $63.6) Nov-20 State sales taxes, which the Treasury Office of the State of Minas Gerais considers as improperly calculated ICMS 2016-2019 R$188.1 million (approximately $34.7) Jun-21 State sales tax, which the Treasury Office of the State of Goiás considers as improperly calculated ICMS 2016-2020 R$76.0 million (approximately $14.0) (a) During the first quarter of fiscal 2022, assessments amounting in R$360.7 million (approximately $66.6) were dismissed by the Goiás State Treasury's Attorney Office in favor of the Company.

DESCRIPTION OF BUSINESS (Detail

DESCRIPTION OF BUSINESS (Details)	Sep. 30, 2021
Wella Business
Schedule of Equity Method Investments [Line Items]
Ownership percentage	40.00%

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Narrative (Details) - USD ($) $ in Millions	3 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Jun. 30, 2021
Accounting Policies [Abstract]
Restricted cash	$ 45.5		$ 56.9
Effective income tax rate, percentage	33.40%	200.20%
Effective income tax rate reconciliation, preliminary income tax benefit		$ 220.5
Gross unrecognized tax benefits	$ 278.5		279.9
Unrecognized tax benefits that would impact effective tax rate	158.2
Unrecognized tax benefits, net	180.6		181.2
Interest and penalties expense	0.7	$ 1.3
Gross accrued interest and penalties	22.4		$ 21.7
Reasonably possible decrease in UTBs (up to)	$ 20

DISCONTINUED OPERATIONS - Narra

DISCONTINUED OPERATIONS - Narrative (Details) - USD ($) $ in Millions	Sep. 30, 2021	Jun. 01, 2020
Wella Business
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Disposal group, including discontinued operation, assets		$ 4,300
Wella Business
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Ownership percentage	40.00%

DISCONTINUED OPERATIONS (Detail

DISCONTINUED OPERATIONS (Details) - USD ($)	3 Months Ended
	Sep. 30, 2021	Sep. 30, 2020
Disposal Group, Including Discontinued Operation, Income Statement Disclosures [Abstract]
Net income from discontinued operations	$ 0	$ 104,700,000
Working capital, maximum reserved for reinvestment in the business	$ 500,000,000
Discontinued Operations, Held-for-sale or Disposed of by Sale | Wella Business
Disposal Group, Including Discontinued Operation, Income Statement Disclosures [Abstract]
Net revenues		566,400,000
Cost of sales		181,000,000
Gross profit		385,400,000
Selling, general and administrative expenses		240,000,000
Operating income		145,400,000
Interest expense, net		11,800,000
Other expense (income), net		100,000
(Loss) income from discontinued operations before income taxes		133,500,000
(Benefit) provision for income taxes on discontinued operations		28,800,000
Net income from discontinued operations		104,700,000
NON-CASH OPERATING ITEMS
Depreciation and amortization		0
CASH FLOW FROM INVESTING ACTIVITIES
Capital expenditures		$ 4,700,000

SEGMENT REPORTING - Reporting S

SEGMENT REPORTING - Reporting Segments (Details) - USD ($) $ in Millions	3 Months Ended
	Sep. 30, 2021	Sep. 30, 2020
Segment Reporting Information [Line Items]
Net revenues	$ 1,371.7	$ 1,124.1
Operating income (loss)	17.2	(66)
Interest expense, net	59.8	62.1
Other income, net	(386.1)	(5.8)
Income (loss) from continuing operations before income taxes	343.5	(122.3)
Operating Segments | Prestige
Segment Reporting Information [Line Items]
Net revenues	870.7	644.4
Operating income (loss)	132.1	34
Operating Segments | Consumer Beauty
Segment Reporting Information [Line Items]
Net revenues	501	479.7
Operating income (loss)	11.4	(13.7)
Operating Segments | Corporate
Segment Reporting Information [Line Items]
Operating income (loss)	$ (126.3)	$ (86.3)

SEGMENT REPORTING - Reportable

SEGMENT REPORTING - Reportable Segments, Revenue by Product Category (Details) - Product Concentration Risk - Sales Revenue	3 Months Ended
	Sep. 30, 2021	Sep. 30, 2020
Segment Reporting Information [Line Items]
Percentage of consolidated revenues	100.00%	100.00%
Fragrance
Segment Reporting Information [Line Items]
Percentage of consolidated revenues	59.70%	56.00%
Color Cosmetics
Segment Reporting Information [Line Items]
Percentage of consolidated revenues	28.40%	30.10%
Body Care & Other
Segment Reporting Information [Line Items]
Percentage of consolidated revenues	11.90%	13.90%

ACQUISITION AND DIVESTITURE-R_2

ACQUISITION AND DIVESTITURE-RELATED COSTS (Details) - USD ($)	3 Months Ended
	Sep. 30, 2021	Sep. 30, 2020
Business Combination and Asset Acquisition [Abstract]
Acquisition-related costs	$ 0	$ 0
Divestiture-related costs	$ 4,000,000	$ 46,300,000

RESTRUCTURING COSTS - Restructu

RESTRUCTURING COSTS - Restructuring Costs by Program (Details) - USD ($) $ in Millions	3 Months Ended		12 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Restructuring Cost and Reserve [Line Items]
Restructuring costs	$ 12.4	$ 30.1
Transformation Plan
Restructuring Cost and Reserve [Line Items]
Restructuring costs	12.4	31.2	$ 73.2	$ 156.6
Other Restructuring
Restructuring Cost and Reserve [Line Items]
Restructuring costs	$ 0	$ (1.1)

RESTRUCTURING COSTS - Narrative

RESTRUCTURING COSTS - Narrative (Details) - USD ($) $ in Millions	Jul. 01, 2019	Sep. 30, 2021	Jun. 30, 2022	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2021
Turnaround Plan
Restructuring Cost and Reserve [Line Items]
Restructuring and related activities, plan term	4 years
Transformation Plan
Restructuring Cost and Reserve [Line Items]
Restructuring costs incurred to date		$ 242.2
Additional restructuring charges		65
Restructuring reserve		121.1				$ 122.8
Payments for restructuring		$ 12
Transformation Plan | Forecast
Restructuring Cost and Reserve [Line Items]
Payments for restructuring			$ 68.5	$ 0.6	$ 52

RESTRUCTURING COSTS - Restruc_2

RESTRUCTURING COSTS - Restructuring Costs by Type (Details) - USD ($) $ in Millions	3 Months Ended		12 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Restructuring Cost and Reserve [Line Items]
Restructuring costs	$ 12.4	$ 30.1
Transformation Plan
Restructuring Cost and Reserve [Line Items]
Restructuring costs	12.4	$ 31.2	$ 73.2	$ 156.6
Cumulative through September 30, 2021	242.2
Severance and Employee Benefits
Restructuring Cost and Reserve [Line Items]
Restructuring costs	12.4
Severance and Employee Benefits | Transformation Plan
Restructuring Cost and Reserve [Line Items]
Restructuring costs			73.4	151.2
Cumulative through September 30, 2021	237
Fixed Asset Write-offs
Restructuring Cost and Reserve [Line Items]
Restructuring costs	0
Fixed Asset Write-offs | Transformation Plan
Restructuring Cost and Reserve [Line Items]
Restructuring costs			(0.5)	(1.1)
Cumulative through September 30, 2021	(1.6)
Other Exit Costs
Restructuring Cost and Reserve [Line Items]
Restructuring costs	0
Other Exit Costs | Transformation Plan
Restructuring Cost and Reserve [Line Items]
Restructuring costs			$ 0.3	$ 6.5
Cumulative through September 30, 2021	$ 6.8

RESTRUCTURING COSTS - Restruc_3

RESTRUCTURING COSTS - Restructuring Roll Forward (Details) - Transformation Plan $ in Millions	3 Months Ended
	Sep. 30, 2021USD ($)
Restructuring Reserve [Roll Forward]
Beginning balance	$ 122.8
Restructuring charges	14.9
Payments	(12)
Changes in estimates	(2.5)
Non-cash utilization	0
Effect of exchange rates	(2.1)
Ending balance	121.1
Severance and Employee Benefits
Restructuring Reserve [Roll Forward]
Beginning balance	122.5
Restructuring charges	14.9
Payments	(11.7)
Changes in estimates	(2.5)
Non-cash utilization	0
Effect of exchange rates	(2.2)
Ending balance	121
Fixed Asset Write-offs
Restructuring Reserve [Roll Forward]
Beginning balance	0
Restructuring charges	0
Payments	0
Changes in estimates	0
Non-cash utilization	0
Effect of exchange rates	0
Ending balance	0
Other Exit Costs
Restructuring Reserve [Roll Forward]
Beginning balance	0.3
Restructuring charges	0
Payments	(0.3)
Changes in estimates	0
Non-cash utilization	0
Effect of exchange rates	0.1
Ending balance	$ 0.1

INVENTORIES (Details)

INVENTORIES (Details) - USD ($) $ in Millions	Sep. 30, 2021	Jun. 30, 2021
Inventory Disclosure [Abstract]
Raw materials	$ 162.1	$ 159.5
Work-in-process	8.3	12.5
Finished goods	490.3	478.8
Total inventories	$ 660.7	$ 650.8

EQUITY INVESTMENTS - Schedule o

EQUITY INVESTMENTS - Schedule of Equity Investments (Details) - USD ($) $ in Millions	Nov. 30, 2020	Sep. 30, 2021	Sep. 30, 2020	Jun. 30, 2021	Jan. 04, 2021
Debt and Equity Securities, FV-NI [Line Items]
Total equity investments		$ 1,665.6		$ 1,276.2
Wella Business
Debt and Equity Securities, FV-NI [Line Items]
Proceeds from Wella transaction applied to pay down debt obligations	$ 1,282.4
Discontinued Operations, Held-for-sale or Disposed of by Sale | Wella Business
Debt and Equity Securities, FV-NI [Line Items]
Cash proceeds from divestiture	2,451.7
Return of capital from equity investments	448
KKW Beauty
Debt and Equity Securities, FV-NI [Line Items]
Percentage of equity interests acquired					20.00%
KKW Beauty
Debt and Equity Securities, FV-NI [Line Items]
Equity method investments		15.6		16.2
Loss from equity method investments		(0.6)	$ 0
Wella Business
Debt and Equity Securities, FV-NI [Line Items]
Equity investments at fair value	$ 1,634.5	$ 1,650		$ 1,260
Equity securities, FV-NI, ownership percentage	40.00%

EQUITY INVESTMENTS - Narrative

EQUITY INVESTMENTS - Narrative (Details) - Wella Business - Subsequent event	Nov. 06, 2021	Oct. 20, 2021
Schedule of Equity Method Investments [Line Items]
Equity method investment, amount sold (percentage)	4.70%	9.40%
Ownership percentage after transaction	25.90%	30.60%
Percentage of convertible preferred stock redeemed for sale of equity method investment	56.00%

EQUITY INVESTMENTS - Summarized

EQUITY INVESTMENTS - Summarized Statements of Operations Information (Details) - USD ($) $ in Millions	3 Months Ended
	Sep. 30, 2021	Sep. 30, 2020
Debt and Equity Securities, FV-NI [Line Items]
Net revenues	$ 1,371.7	$ 1,124.1
Gross profit	866.9	659.2
Operating income	17.2	(66)
Income before income taxes	343.5	(122.3)
Net income from continuing operations	228.9	$ 227.3
KKW Beauty And Wella
Debt and Equity Securities, FV-NI [Line Items]
Net revenues	619.2
Gross profit	429.7
Operating income	25.6
Income before income taxes	7.5
Net income from continuing operations	$ 5.5

EQUITY INVESTMENTS - Summary of

EQUITY INVESTMENTS - Summary of Movement in Equity Investments (Details) - Wella Business $ in Millions	3 Months Ended
	Sep. 30, 2021USD ($)
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance as of June 30, 2021	$ 1,260
Total gains/(losses) included in earnings - unrealized	390
Balance as of September 30, 2021	$ 1,650

EQUITY INVESTMENTS - Summary _2

EQUITY INVESTMENTS - Summary of Significant Unobservable Inputs used in Level 3 Valuation (Details) - Wella Business $ in Millions	Sep. 30, 2021USD ($)	Jun. 30, 2021USD ($)	Nov. 30, 2020USD ($)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair value	$ 1,650	$ 1,260	$ 1,634.5
Fair Value, Inputs, Level 3
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair value	$ 1,650
Fair Value, Inputs, Level 3 | Discounted cash flows | Discount rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Unobservable input percentage	0.1100
Fair Value, Inputs, Level 3 | Discounted cash flows | Growth rate | Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Unobservable input percentage	0.015
Fair Value, Inputs, Level 3 | Discounted cash flows | Growth rate | Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Unobservable input percentage	0.042
Fair Value, Inputs, Level 3 | Market multiple | Revenue multiple | Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Unobservable input percentage	2
Fair Value, Inputs, Level 3 | Market multiple | EBITDA multiple | Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Unobservable input percentage	11.5
Fair Value, Inputs, Level 3 | Market multiple | EBITDA multiple | Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Unobservable input percentage	17.5

GOODWILL AND OTHER INTANGIBLE_3

GOODWILL AND OTHER INTANGIBLE ASSETS, NET - Changes in Goodwill (Details) - USD ($) $ in Millions	3 Months Ended
	Sep. 30, 2021	Jun. 30, 2021
Goodwill [Roll Forward]
Gross beginning balance	$ 8,158.2
Accumulated impairments	(4,040.1)	$ (4,040.1)
Net beginning balance	4,118.1
Foreign currency translation	(80.7)
Gross ending balance	8,077.5
Accumulated impairments	(4,040.1)	(4,040.1)
Net ending balance	4,037.4
Prestige
Goodwill [Roll Forward]
Gross beginning balance	6,384
Accumulated impairments	(3,110.3)	(3,110.3)
Net beginning balance	3,273.7
Foreign currency translation	(63.9)
Gross ending balance	6,320.1
Accumulated impairments	(3,110.3)	(3,110.3)
Net ending balance	3,209.8
Consumer Beauty
Goodwill [Roll Forward]
Gross beginning balance	1,774.2
Accumulated impairments	(929.8)	(929.8)
Net beginning balance	844.4
Foreign currency translation	(16.8)
Gross ending balance	1,757.4
Accumulated impairments	(929.8)	$ (929.8)
Net ending balance	$ 827.6

GOODWILL AND OTHER INTANGIBLE_4

GOODWILL AND OTHER INTANGIBLE ASSETS, NET - Other Intangible Assets, Net (Details) - USD ($) $ in Millions	Sep. 30, 2021	Jun. 30, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Indefinite-lived other intangible assets	$ 1,008.1	$ 1,018.7
Finite-lived other intangible assets, net	3,327.9	3,444.3
Total Other intangible assets, net	$ 4,336	$ 4,463

GOODWILL AND OTHER INTANGIBLE_5

GOODWILL AND OTHER INTANGIBLE ASSETS, NET - Schedule of Indefinite Lived Intangible Assets (Details) $ in Millions	3 Months Ended
	Sep. 30, 2021USD ($)
Indefinite-lived Intangible Assets [Roll Forward]
Gross beginning balance	$ 1,932.2
Accumulated impairments beginning balance	(913.5)
Net beginning balance	1,018.7
Foreign currency translation	(10.6)
Gross ending balance	1,921.6
Accumulated impairments ending balance	(913.5)
Net ending balance	1,008.1
Trademarks
Indefinite-lived Intangible Assets [Roll Forward]
Gross beginning balance	1,932.2
Accumulated impairments beginning balance	(913.5)
Net beginning balance	1,018.7
Foreign currency translation	(10.6)
Gross ending balance	1,921.6
Accumulated impairments ending balance	(913.5)
Net ending balance	$ 1,008.1

GOODWILL AND OTHER INTANGIBLE_6

GOODWILL AND OTHER INTANGIBLE ASSETS, NET - Schedule of Intangible Assets Subject to Amortization (Details) - USD ($) $ in Millions	Sep. 30, 2021	Jun. 30, 2021
Finite-Lived Intangible Assets [Line Items]
Cost	$ 5,306.1	$ 5,416.4
Accumulated Amortization	(1,952.6)	(1,946.5)
Accumulated Impairment	(25.6)	(25.6)
Net	3,327.9	3,444.3
License agreements and collaboration agreements
Finite-Lived Intangible Assets [Line Items]
Cost	4,124.3	4,192.9
Accumulated Amortization	(1,251.1)	(1,229.1)
Accumulated Impairment	(19.6)	(19.6)
Net	2,853.6	2,944.2
Customer relationships
Finite-Lived Intangible Assets [Line Items]
Cost	765.7	803.1
Accumulated Amortization	(467.6)	(486.3)
Accumulated Impairment	(5.5)	(5.5)
Net	292.6	311.3
Trademarks
Finite-Lived Intangible Assets [Line Items]
Cost	327.9	330.2
Accumulated Amortization	(171.2)	(168.7)
Accumulated Impairment	(0.5)	(0.5)
Net	156.2	161
Product formulations and technology
Finite-Lived Intangible Assets [Line Items]
Cost	88.2	90.2
Accumulated Amortization	(62.7)	(62.4)
Accumulated Impairment	0	0
Net	$ 25.5	$ 27.8

GOODWILL AND OTHER INTANGIBLE_7

GOODWILL AND OTHER INTANGIBLE ASSETS, NET - Narrative (Details) - USD ($) $ in Millions	3 Months Ended
	Sep. 30, 2021	Sep. 30, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization expense	$ 57	$ 65.4

LEASES - Narrative (Details)

LEASES - Narrative (Details) - USD ($) $ in Millions	3 Months Ended
	Sep. 30, 2021	Sep. 30, 2020
Lessee, Lease, Description [Line Items]
Impairment charges	$ 1	$ 0
Minimum
Lessee, Lease, Description [Line Items]
Lessee, operating lease, term of contract	10 years
Maximum
Lessee, Lease, Description [Line Items]
Lessee, operating lease, term of contract	25 years

LEASES - Lease cost (Details)

LEASES - Lease cost (Details) - USD ($) $ in Millions	3 Months Ended
	Sep. 30, 2021	Sep. 30, 2020
Lease Cost:
Operating lease cost	$ 20.9	$ 19.2
Short-term lease cost	0.3	0.2
Variable lease cost	8.9	13.9
Sublease income	(5.3)	(1.5)
Net lease cost	24.8	31.8
Other information:
Operating cash outflows from operating leases	(22.5)	(31.4)
Right-of-use assets obtained in exchange for lease obligations	$ 8.4	$ 8
Weighted-average remaining lease term - real estate	6 years 4 months 24 days	6 years 9 months 18 days
Weighted-average discount rate - real estate leases	3.53%	3.20%

LEASES - Minimum lease payments

LEASES - Minimum lease payments (Details) - USD ($) $ in Millions	Sep. 30, 2021	Jun. 30, 2021
Minimum lease payments
2022, remaining	$ 62.1
2023	67.9
2024	54.9
2025	43.4
2026	36.1
Thereafter	104.9
Total future lease payments	369.3
Less: imputed interest	(42.5)
Total present value of lease liabilities	326.8
Current operating lease liabilities	69	$ 75.7
Long-term operating lease liabilities	257.8	$ 269.3
Total operating lease liabilities	$ 326.8

DEBT - Schedule of Debt (Detail

DEBT - Schedule of Debt (Details) - USD ($) $ in Millions	Sep. 30, 2021	Jun. 30, 2021
Debt Instrument [Line Items]
Short-term debt	$ 0	$ 0
Long-term debt	5,331.9
Other long-term debt and capital lease obligations	0.1	0.2
Total debt	5,332	5,481.5
Less: Short-term debt and current portion of long-term debt	(24)	(24.2)
Total Long-term debt	5,308	5,457.3
Less: Unamortized financing fees	(46.9)	(51.7)
Less: Discount on long-term debt	(11.1)	(4.6)
Total Long-term debt, net	5,250	5,401
2021 Coty Revolving Credit Facility due April 2025
Debt Instrument [Line Items]
Less: Discount on long-term debt	(7)
Line of Credit | 2018 Coty Revolving Credit Facility due April 2023 | Revolving Credit Facility
Debt Instrument [Line Items]
Long-term debt	590	670
Line of Credit | 2021 Coty Revolving Credit Facility due April 2025 | Revolving Credit Facility
Debt Instrument [Line Items]
Long-term debt	0	0
Line of Credit | 2018 Coty Term A Facility due April 2023 | Term Loan
Debt Instrument [Line Items]
Long-term debt	111.1	114
Line of Credit | 2018 Coty Term B Facility due April 2025 | Term Loan
Debt Instrument [Line Items]
Long-term debt	1,440.3	1,461.7
Line of Credit | 2026 Dollar Notes due April 2026 | Term Loan
Debt Instrument [Line Items]
Long-term debt	550	550
Line of Credit | 2023 Euro Notes due April 2023 | Term Loan
Debt Instrument [Line Items]
Long-term debt	638.2	654.7
Line of Credit | 2026 Euro Notes due April 2026 | Term Loan
Debt Instrument [Line Items]
Long-term debt	290.1	297.6
Senior Unsecured Notes | 2026 Dollar Senior Secured Notes due April 2026
Debt Instrument [Line Items]
Long-term debt	900	900
Senior Unsecured Notes | 2026 Euro Senior Secured Notes due April 2026
Debt Instrument [Line Items]
Long-term debt	$ 812.2	$ 833.3

DEBT - Narrative (Details)

DEBT - Narrative (Details) € in Millions

Sep. 30, 2021USD ($)fiscalQuarter

Jun. 16, 2021EUR (€)

Apr. 21, 2021USD ($)

Nov. 30, 2020USD ($)

Jun. 27, 2019USD ($)

Jun. 26, 2019

Apr. 05, 2018USD ($)

Dec. 31, 2020USD ($)

Sep. 30, 2021USD ($)fiscalQuarter

Sep. 30, 2020USD ($)

Jun. 30, 2021USD ($)

Apr. 29, 2020USD ($)

Apr. 05, 2018EUR (€)

Debt Instrument [Line Items]

Short-term debt

$ 0

$ 0

$ 0

Debt discount

11,100,000

11,100,000

4,600,000

Repayments of long-term lines of credit

365,500,000

$ 554,200,000

Wella Business

Debt Instrument [Line Items]

Equity securities, FV-NI, ownership percentage

40.00%

Wella Business | KKR

Debt Instrument [Line Items]

Ownership percentage

60.00%

Discontinued Operations, Held-for-sale or Disposed of by Sale | Wella Business

Debt Instrument [Line Items]

Cash proceeds from divestiture

$ 2,451,700,000

Return of capital from equity investments

448,000,000

Bank Guarantee

Debt Instrument [Line Items]

Undrawn letters of credit and bank guarantees

21,600,000

21,600,000

31,200,000

Letter of Credit

Debt Instrument [Line Items]

Undrawn letters of credit and bank guarantees

14,300,000

14,300,000

$ 15,000,000

Incurrence Incremental Facilities

Debt Instrument [Line Items]

Net leverage ratio

5

5.25

2018 Coty Revolving Credit Facility

Debt Instrument [Line Items]

Reduction of borrowing capacity

700,000,000

Write off of deferred debt issuance cost

600,000

2021 Coty Revolving Credit Facility due April 2025

Debt Instrument [Line Items]

Aggregate principal amount

700,000,000

700,000,000

Debt discount

7,000,000

7,000,000

Deferred financing costs

$ 100,000

$ 100,000

Coty Term Loan B Facility due October 2022

Debt Instrument [Line Items]

LIBOR floor

0.00%

0.00%

Coty Term Loan B Facility due October 2022 | LIBOR

Debt Instrument [Line Items]

Basis spread on variable rate, percentage

2.25%

Coty Term Loan B Facility due October 2022 | Alternative Base Rate

Debt Instrument [Line Items]

Basis spread on variable rate, percentage

1.25%

Coty Term Loan B Facility due October 2022 | Euro Interbank Offered Rate (Euribor)

Debt Instrument [Line Items]

Basis spread on variable rate, percentage

2.50%

2018 Coty Term A and Term B Facilities

Debt Instrument [Line Items]

Repayments of long-term lines of credit

$ 2,015,500,000

2018 Coty Term A Facility

Debt Instrument [Line Items]

Aggregate principal amount | €

€ 2,035

Repayments of long-term lines of credit

1,135,700,000

2018 Coty Term B Facility

Debt Instrument [Line Items]

Aggregate principal amount | €

€ 850

Repayments of long-term lines of credit

$ 879,800,000

Senior Unsecured Notes

Debt Instrument [Line Items]

Redemption price, percentage

101.00%

Senior Unsecured Notes | 2026 Euro Senior Secured Notes due April 2026

Debt Instrument [Line Items]

Amount of term loan facility | €

€ 700

Interest rate, stated percentage

3.875%

Proceeds from issuance of senior long-term debt | €

€ 700

Debt Instrument, early redemption premium, percent of outstanding principal amount

1.00%

Debt instrument, base redemption price, percentage

100.00%

Senior Unsecured Notes | 2026 Euro Senior Secured Notes due April 2026 | US Treasury (UST) Interest Rate

Debt Instrument [Line Items]

Basis spread on variable rate, percentage

0.50%

Senior Unsecured Notes | 2026 Dollar Senior Secured Notes due April 2026

Debt Instrument [Line Items]

Amount of term loan facility

$ 900,000,000

Interest rate, stated percentage

5.00%

Proceeds from issuance of senior long-term debt

$ 900,000,000

Debt Instrument, early redemption premium, percent of outstanding principal amount

1.00%

Debt instrument, base redemption price, percentage

100.00%

Senior Unsecured Notes | 2026 Dollar Senior Secured Notes due April 2026 | Bund Rate

Debt Instrument [Line Items]

Basis spread on variable rate, percentage

0.50%

Senior Unsecured Notes | 2026 Dollar Notes

Debt Instrument [Line Items]

Amount of term loan facility

$ 550,000,000

Interest rate, stated percentage

6.50%

6.50%

Senior Unsecured Notes | 2026 Euro Notes

Debt Instrument [Line Items]

Amount of term loan facility | €

€ 250

Interest rate, stated percentage

4.75%

4.75%

Line of Credit

Debt Instrument [Line Items]

Aggregate principal amount

$ 2,750,000,000

Decrease in total commitments

$ 500,000,000

Quarterly minimum liquidity covenant

500,000,000

$ 350,000,000

Total net leverage ratio, material acquisition, number of fiscal quarters | fiscalQuarter

4

4

Total net leverage ratio, after material acquisition | fiscalQuarter

2

2

Line of Credit | Maximum

Debt Instrument [Line Items]

Applicable leverage ratio following the closing of any material acquisition

5.95

Line of Credit | Minimum

Debt Instrument [Line Items]

Applicable leverage ratio following the closing of any material acquisition

1

Line of Credit | 2018 Coty Revolving Credit Facility | Revolving Credit Facility

Debt Instrument [Line Items]

Aggregate principal amount

$ 3,250,000,000

Line of Credit | 2018 Coty Revolving Credit Facility | Letter of Credit

Debt Instrument [Line Items]

Aggregate principal amount

150,000,000

Line of Credit | 2018 Coty Revolving Credit Facility | Swingline loans

Debt Instrument [Line Items]

Aggregate principal amount

150,000,000

Line of Credit | 2018 Coty Revolving Credit Facility | Incurrence Incremental Facilities

Debt Instrument [Line Items]

Aggregate principal amount

$ 1,700,000,000

Net leverage ratio

3

Line of Credit | 2018 Coty Credit Agreement

Debt Instrument [Line Items]

Proceeds from divestiture, amount allocated to reinvestment in the business

$ 500,000,000

Line of Credit | 2018 Coty Term A Facility

Debt Instrument [Line Items]

Aggregate principal amount

$ 1,000,000,000

Quarterly repayment percentage

1.25%

1.25%

Line of Credit | 2018 Coty Term B Facility

Debt Instrument [Line Items]

Aggregate principal amount

$ 1,400,000,000

Discount percentage

0.25%

0.25%

Quarterly repayment percentage

0.25%

0.25%

Line of Credit | 2023 Euro Notes

Debt Instrument [Line Items]

Amount of term loan facility | €

€ 550

Interest rate, stated percentage

4.00%

4.00%

DEBT - Debt Instrument Redempti

DEBT - Debt Instrument Redemption (Details) - Senior Unsecured Notes	Apr. 05, 2018	Sep. 30, 2021
Debt Instrument [Line Items]
Redemption price, percentage	101.00%
2026 Dollar Senior Secured Notes due April 2026 | Debt Instrument, Redemption, Period Three
Debt Instrument [Line Items]
Redemption price, percentage		102.50%
2026 Dollar Senior Secured Notes due April 2026 | Debt Instrument, Redemption, Period Four
Debt Instrument [Line Items]
Redemption price, percentage		101.25%
2026 Dollar Senior Secured Notes due April 2026 | 2025 and thereafter
Debt Instrument [Line Items]
Redemption price, percentage		100.00%
2026 Euro Senior Secured Notes due April 2026 | Debt Instrument, Redemption, Period Three
Debt Instrument [Line Items]
Redemption price, percentage		101.938%
2026 Euro Senior Secured Notes due April 2026 | Debt Instrument, Redemption, Period Four
Debt Instrument [Line Items]
Redemption price, percentage		100.969%
2026 Euro Senior Secured Notes due April 2026 | 2025 and thereafter
Debt Instrument [Line Items]
Redemption price, percentage		100.00%

DEBT - Pricing Tiers (Details)

DEBT - Pricing Tiers (Details)	3 Months Ended
	Sep. 30, 2021
Pricing Tier Five | LIBOR
Debt Instrument [Line Items]
Basis spread on variable rate, percentage	2.00%
Pricing Tier Five | Alternative Base Rate
Debt Instrument [Line Items]
Basis spread on variable rate, percentage	1.00%
Pricing Tier Four | LIBOR
Debt Instrument [Line Items]
Basis spread on variable rate, percentage	1.75%
Pricing Tier Four | Alternative Base Rate
Debt Instrument [Line Items]
Basis spread on variable rate, percentage	0.75%
Pricing Tier Three | LIBOR
Debt Instrument [Line Items]
Basis spread on variable rate, percentage	1.50%
Pricing Tier Three | Alternative Base Rate
Debt Instrument [Line Items]
Basis spread on variable rate, percentage	0.50%
Pricing Tier Two | LIBOR
Debt Instrument [Line Items]
Basis spread on variable rate, percentage	1.25%
Pricing Tier Two | Alternative Base Rate
Debt Instrument [Line Items]
Basis spread on variable rate, percentage	0.25%
Pricing Tier One | LIBOR
Debt Instrument [Line Items]
Basis spread on variable rate, percentage	1.125%
Pricing Tier One | Alternative Base Rate
Debt Instrument [Line Items]
Basis spread on variable rate, percentage	0.125%
Pricing Tier One | LIBOR
Debt Instrument [Line Items]
Basis spread on variable rate, percentage	2.00%
Pricing Tier One | Alternative Base Rate
Debt Instrument [Line Items]
Basis spread on variable rate, percentage	1.00%
Pricing Tier Two | LIBOR
Debt Instrument [Line Items]
Basis spread on variable rate, percentage	1.75%
Pricing Tier Two | Alternative Base Rate
Debt Instrument [Line Items]
Basis spread on variable rate, percentage	0.75%
Pricing Tier Three | LIBOR
Debt Instrument [Line Items]
Basis spread on variable rate, percentage	1.50%
Pricing Tier Three | Alternative Base Rate
Debt Instrument [Line Items]
Basis spread on variable rate, percentage	0.50%
Pricing Tier Four | LIBOR
Debt Instrument [Line Items]
Basis spread on variable rate, percentage	1.25%
Pricing Tier Four | Alternative Base Rate
Debt Instrument [Line Items]
Basis spread on variable rate, percentage	0.25%
Pricing Tier Five | LIBOR
Debt Instrument [Line Items]
Basis spread on variable rate, percentage	1.125%
Pricing Tier Five | Alternative Base Rate
Debt Instrument [Line Items]
Basis spread on variable rate, percentage	0.125%
Pricing Tier Six | LIBOR
Debt Instrument [Line Items]
Basis spread on variable rate, percentage	1.00%
Pricing Tier Six | Alternative Base Rate
Debt Instrument [Line Items]
Basis spread on variable rate, percentage	0.00%
Minimum | Pricing Tier One
Debt Instrument [Line Items]
Net Leverage Ratio	4.75
Minimum | Pricing Tier Two
Debt Instrument [Line Items]
Net Leverage Ratio	4
Minimum | Pricing Tier Three
Debt Instrument [Line Items]
Net Leverage Ratio	2.75
Minimum | Pricing Tier Four
Debt Instrument [Line Items]
Net Leverage Ratio	2
Minimum | Pricing Tier Five
Debt Instrument [Line Items]
Net Leverage Ratio	1.50
Maximum | Pricing Tier Two
Debt Instrument [Line Items]
Net Leverage Ratio	4.75
Maximum | Pricing Tier Three
Debt Instrument [Line Items]
Net Leverage Ratio	4
Maximum | Pricing Tier Four
Debt Instrument [Line Items]
Net Leverage Ratio	2.75
Maximum | Pricing Tier Five
Debt Instrument [Line Items]
Net Leverage Ratio	2
Maximum | Pricing Tier Six
Debt Instrument [Line Items]
Net Leverage Ratio	1.50

DEBT - Schedule of Fair Value o

DEBT - Schedule of Fair Value of Debt (Details) - USD ($) $ in Millions	Sep. 30, 2021	Jun. 30, 2021
2026 Senior Secured Notes | Carrying Amount
Debt Instrument [Line Items]
Fair value of debt	$ 1,712.2	$ 1,733.3
2026 Senior Secured Notes | Fair Value
Debt Instrument [Line Items]
Fair value of debt	1,755.9	1,749.1
2018 Coty Credit Agreement | Carrying Amount
Debt Instrument [Line Items]
Fair value of debt	2,141.4	2,245.7
2018 Coty Credit Agreement | Fair Value
Debt Instrument [Line Items]
Fair value of debt	2,094	2,188.5
Senior Unsecured Notes | Carrying Amount
Debt Instrument [Line Items]
Fair value of debt	1,478.3	1,502.3
Senior Unsecured Notes | Fair Value
Debt Instrument [Line Items]
Fair value of debt	$ 1,502.3	$ 1,500.5

DEBT - Schedule of Maturities o

DEBT - Schedule of Maturities of Long-Term Debt (Details) $ in Millions	Sep. 30, 2021USD ($)
Debt Disclosure [Abstract]
2022, remaining	$ 17.9
2023	1,363.1
2024	23.9
2025	1,374.7
2026	2,552.3
Thereafter	0
Total	$ 5,331.9

DEBT - Total Net Leverage Ratio

DEBT - Total Net Leverage Ratio (Details)	3 Months Ended
	Sep. 30, 2020
September 30, 2021 through December 31, 2021
Debt Instrument [Line Items]
Net leverage ratio	5.25
March 31, 2022
Debt Instrument [Line Items]
Net leverage ratio	5
June 30, 2022
Debt Instrument [Line Items]
Net leverage ratio	4.75
September 30, 2022
Debt Instrument [Line Items]
Net leverage ratio	4.50
December 31, 2022
Debt Instrument [Line Items]
Net leverage ratio	4.25
March 31, 2023 through June 30, 2023
Debt Instrument [Line Items]
Net leverage ratio	4

INTEREST EXPENSE, NET (Details)

INTEREST EXPENSE, NET (Details) - USD ($) $ in Millions	3 Months Ended
	Sep. 30, 2021	Sep. 30, 2020
Interest Income (Expense), Net [Abstract]
Interest expense	$ 62.8	$ 59
Foreign exchange (gains) losses, net of derivative contracts	(2.3)	4.4
Interest income	(0.7)	(1.3)
Total interest expense, net	$ 59.8	$ 62.1

EMPLOYEE BENEFIT PLANS - Narrat

EMPLOYEE BENEFIT PLANS - Narrative (Details) - USD ($) $ in Millions	3 Months Ended
	Sep. 30, 2021	Sep. 30, 2020
Defined Benefit Plan Disclosure [Line Items]
Curtailment gain	$ 0	$ 5.3
Net periodic benefit cost	4.1	2.1
Discontinued Operations
Defined Benefit Plan Disclosure [Line Items]
Net periodic benefit cost		3.7
International | Pension Plans
Defined Benefit Plan Disclosure [Line Items]
Curtailment gain	0	5.3
Net periodic benefit cost	3.5	1.9
Transformation Plan | International | Pension Plans
Defined Benefit Plan Disclosure [Line Items]
Curtailment gain	$ 0	$ 5.3

EMPLOYEE BENEFIT PLANS - Schedu

EMPLOYEE BENEFIT PLANS - Schedule of Components of Net Periodic Benefit Cost (Details) - USD ($) $ in Millions	3 Months Ended
	Sep. 30, 2021	Sep. 30, 2020
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 2.6	$ 7
Interest cost	2	2.9
Expected return on plan assets	(1.1)	(1.9)
Amortization of prior service credit	(0.1)	(1)
Amortization of net loss	0	0.4
Settlement loss recognized	0.7	0
Curtailment gain recognized	0	(5.3)
Net periodic benefit cost (credit)	4.1	2.1
Other Post- Employment Benefits
Defined Benefit Plan Disclosure [Line Items]
Service cost	0.2	0.3
Interest cost	0.3	0.3
Expected return on plan assets	0	0
Amortization of prior service credit	(0.1)	(0.9)
Amortization of net loss	0	0
Settlement loss recognized	0	0
Curtailment gain recognized	0	0
Net periodic benefit cost (credit)	0.4	(0.3)
U.S. | Pension Plans
Defined Benefit Plan Disclosure [Line Items]
Service cost	0	0
Interest cost	0.1	0.1
Expected return on plan assets	0	0
Amortization of prior service credit	0	0
Amortization of net loss	0.1	0.4
Settlement loss recognized	0	0
Curtailment gain recognized	0	0
Net periodic benefit cost (credit)	0.2	0.5
International | Pension Plans
Defined Benefit Plan Disclosure [Line Items]
Service cost	2.4	6.7
Interest cost	1.6	2.5
Expected return on plan assets	(1.1)	(1.9)
Amortization of prior service credit	0	(0.1)
Amortization of net loss	(0.1)	0
Settlement loss recognized	0.7	0
Curtailment gain recognized	0	(5.3)
Net periodic benefit cost (credit)	$ 3.5	$ 1.9

DERIVATIVE INSTRUMENTS - Narrat

DERIVATIVE INSTRUMENTS - Narrative (Details) € in Millions, $ in Millions	1 Months Ended		3 Months Ended
	Sep. 30, 2020USD ($)	Sep. 30, 2019USD ($)	Sep. 30, 2021USD ($)	Sep. 30, 2020USD ($)	Sep. 30, 2021EUR (€)	Jul. 31, 2021	Jun. 30, 2021USD ($)	Jun. 30, 2021EUR (€)
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Payment for termination of derivative			$ 0	$ 37.6
Derivative, percentage of external debt with associated forward contracts						80.00%
Accumulated other comprehensive income (loss)			(459.9)				$ (321.9)
Net investment hedge
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Notional amount (in Euros) | €					€ 1,600
Foreign exchange risk exposure amount (in Euros) | €					207.1			€ 1,809.5
Notional amount | €					€ 1,600
Net investment hedge | Other Foreign Currency Translation Adjustments
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Accumulated other comprehensive income (loss)			22.1				5.4
Cross-currency swap contracts | Net investment hedge
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Notional amount terminated	$ 550
Payment for termination of derivative	$ 37.6
Interest rate swap contracts | Interest Rate Risk
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Notional amount (in Euros)			1,000				1,900
Derivative, incremental notional amount		$ 1,000
Notional amount			1,000				1,900
Foreign exchange forward contracts
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Cash flow hedges in AOCI, net of tax			(11.1)				(15.5)
Cash flow hedge to be reclassified during next 12 months			(7.6)
Foreign exchange forward contracts | Net investment hedge | Other Foreign Currency Translation Adjustments
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Accumulated other comprehensive income (loss)			$ (37.6)				$ (37.6)

DERIVATIVE INSTRUMENTS - Gains

DERIVATIVE INSTRUMENTS - Gains and Losses Recognized in OCI (Details) - USD ($) $ in Millions	3 Months Ended
	Sep. 30, 2021	Sep. 30, 2020
Derivative [Line Items]
Net investment hedges	$ 16.7	$ (173.1)
Foreign exchange forward contracts
Derivative [Line Items]
Gain (Loss) Recognized in OCI	1.7	(1.2)
Interest rate swap contracts
Derivative [Line Items]
Gain (Loss) Recognized in OCI	(0.6)	0.2
Cross-currency swap contracts
Derivative [Line Items]
Gain (Loss) Recognized in OCI	$ 0	$ (25.1)

DERIVATIVE INSTRUMENTS - Amount

DERIVATIVE INSTRUMENTS - Amount of Gains and Losses Reclassified from AOCI (Details) - USD ($) $ in Millions	3 Months Ended
	Sep. 30, 2021	Sep. 30, 2020
Net revenues | Foreign exchange forward contracts
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Amount of gain (loss) reclassified from AOCI into income	$ 0.1	$ 1
Net revenues | Interest rate swap contracts
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Amount of gain (loss) reclassified from AOCI into income	0	0
Interest expense, net | Foreign exchange forward contracts
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Amount of gain (loss) reclassified from AOCI into income	0	0
Interest expense, net | Interest rate swap contracts
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Amount of gain (loss) reclassified from AOCI into income	$ (5)	$ (9.8)

DERIVATIVE INSTRUMENTS - Deriva

DERIVATIVE INSTRUMENTS - Derivatives Not Designated as Hedging (Details) - Foreign exchange forward contracts - USD ($) $ in Millions	3 Months Ended
	Sep. 30, 2021	Sep. 30, 2020
Selling, general and administrative expenses
Derivative [Line Items]
Gain (loss) recognized in operations	$ 0	$ 0.1
Interest expense, net
Derivative [Line Items]
Gain (loss) recognized in operations	7.3	5.3
Other expense, net
Derivative [Line Items]
Gain (loss) recognized in operations	$ (0.2)	$ (0.3)

EQUITY AND CONVERTIBLE PREFER_3

EQUITY AND CONVERTIBLE PREFERRED STOCK - Narrative (Details)	Nov. 06, 2021shares	Oct. 20, 2021USD ($)shares	Sep. 30, 2021USD ($)voteclass$ / sharesshares	Sep. 10, 2021USD ($)shares	Jul. 31, 2020USD ($)shares	May 26, 2020USD ($)shares	May 11, 2020USD ($)$ / sharesshares	Oct. 31, 2021USD ($)	Sep. 30, 2021USD ($)voteclass$ / sharesshares	Sep. 30, 2020USD ($)shares	Jun. 30, 2021USD ($)$ / sharesshares	Nov. 16, 2020shares	Jun. 30, 2020shares	Feb. 03, 2016USD ($)
Class of Stock [Line Items]
Common stock, par value (in dollars per share) | $ / shares			$ 0.01						$ 0.01		$ 0.01
Common stock, shares authorized (in shares)			1,250,000,000						1,250,000,000		1,250,000,000
Common stock, shares outstanding (in shares)			817,000,000						817,000,000		766,000,000
Preferred stock, shares authorized (in shares)			20,000,000						20,000,000		20,000,000
Number of classes of preferred stock | class			2						2
Preferred stock, par value (in dollars per share) | $ / shares			$ 0.01						$ 0.01		$ 0.01
Preferred stock, shares issued (in shares)			1,500,000						1,500,000		1,500,000
Preferred stock, shares outstanding (in shares)			1,500,000						1,500,000		1,500,000
Preferred stock classified as equity | $			$ 0						$ 0		$ 0
Deemed Dividends - Conversion of Convertible Series B Preferred Stock | $									6,700,000
Deemed Dividends - Exchange Agreement | $									93,600,000
Dividends paid, preferred stock | $									$ 3,500,000	$ 0
Number of shares repurchased (in shares)									0	0
Changes in dividends accrued | $									$ 500,000	$ 800,000
Dividends, common stock, no longer expected to vest, forfeitures | $			500,000						500,000
Restricted Stock Units
Class of Stock [Line Items]
Payment for previously accrued dividends | $									800,000
Subsequent event
Class of Stock [Line Items]
Dividends paid, preferred stock | $								$ 44,300,000
Wella Business | Subsequent event
Class of Stock [Line Items]
Equity method investment, amount sold (percentage)	4.70%	9.40%
Percentage of convertible preferred stock redeemed for sale of equity method investment	56.00%
Other Noncurrent Liabilities | Restricted Stock Units and Phantom Units
Class of Stock [Line Items]
Dividends payable | $			1,100,000						1,100,000
Accrued Expenses and Other Current Liabilities | Restricted Stock Units and Phantom Units
Class of Stock [Line Items]
Dividends payable | $			$ 1,600,000						$ 1,600,000
Common Class A
Class of Stock [Line Items]
Common stock, par value (in dollars per share) | $ / shares			$ 0.01						$ 0.01
Votes per share | vote			1						1
Common stock, shares authorized (in shares)			1,250,000,000						1,250,000,000
Common stock, shares outstanding (in shares)			817,000,000						817,000,000
Common shares issued upon conversion (in shares)				50,000,088
Shares registered for purchase (in shares)													19,300,000
Option to receive dividend, percentage reinvested in common stock													50.00%
Common Class A | KKR
Class of Stock [Line Items]
Sale of stock, number of shares issued (in shares)				50,000,088
Common Class A | Incremental Repurchase Program
Class of Stock [Line Items]
Authorized repurchase amount | $														$ 500,000,000
Number of shares repurchased (in shares)									0
Share repurchase program, remaining authorized repurchase amount | $			$ 396,800,000						$ 396,800,000
Common Class A | Cottage Holdco B.V.
Class of Stock [Line Items]
Parent ownership percentage			57.00%						57.00%
Series A Preferred Stock
Class of Stock [Line Items]
Votes per share | vote			0						0
Preferred stock, shares authorized (in shares)			1,500,000						1,500,000
Preferred stock, par value (in dollars per share) | $ / shares			$ 0.01						$ 0.01
Preferred stock, shares issued (in shares)			1,500,000						1,500,000
Preferred stock, shares outstanding (in shares)			1,500,000						1,500,000
Series A Preferred Stock | Other Noncurrent Liabilities
Class of Stock [Line Items]
Preferred stock classified as equity | $			$ 1,200,000						$ 1,200,000
Series A-1 Preferred Stock
Class of Stock [Line Items]
Votes per share | vote			0						0
Preferred stock, shares authorized (in shares)			0						0
Preferred stock, par value (in dollars per share) | $ / shares			$ 0.01						$ 0.01
Preferred stock, shares issued (in shares)			0						0
Preferred stock, shares outstanding (in shares)			0						0
Series B Preferred Stock
Class of Stock [Line Items]
Preferred stock, par value (in dollars per share) | $ / shares							$ 0.01
Sale of stock, shares authorized (in shares)							1,000,000
Sale of stock, maximum purchase price received | $							$ 1,000,000,000
Sale of stock, price per share (in dollars per share) | $ / shares							$ 1,000
Sale of stock, number of shares issued (in shares)					250,000	750,000
Sale of stock, consideration received | $					$ 250,000,000	$ 750,000,000
Preferred stock converted to common stock (in shares)				285,576
Unpaid preferred stock dividends converted to common stock | $				$ 26,400,000
Proceeds from secondary sale of Series B stock | $				0
Deemed Dividends - Conversion of Convertible Series B Preferred Stock | $				$ 6,700,000
Preferred stock, dividend rate									9.00%
Dividends declared | $									$ 22,700,000
Dividends paid, preferred stock | $									3,500,000
Dividends payable | $			$ 66,800,000						$ 66,800,000		$ 74,100,000
Series B Preferred Stock | Wella Business
Class of Stock [Line Items]
Deemed Dividends - Exchange Agreement | $			$ 93,600,000
Series B Preferred Stock | Wella Business | Subsequent event
Class of Stock [Line Items]
Convertible Series B preferred stock redeemed for sale of ownership interest (in shares)	154,683	290,465
Convertible Series B preferred stock accrued dividends redeemed for sale of ownership interest | $		$ 22,500,000
Series B Preferred Stock | HFS | KKR
Class of Stock [Line Items]
Preferred stock, shares issued (in shares)												146,057
Series B Preferred Stock | Sale of Stock, Initial Issuance
Class of Stock [Line Items]
Sale of stock, shares authorized (in shares)							750,000
Series B Preferred Stock | Sale of Stock, Second Issuance
Class of Stock [Line Items]
Sale of stock, shares authorized (in shares)							250,000

EQUITY AND CONVERTIBLE PREFER_4

EQUITY AND CONVERTIBLE PREFERRED STOCK - Accumulated Other Comprehensive Income (Loss) (Details) - USD ($)	3 Months Ended
	Sep. 30, 2021	Sep. 30, 2020
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Balance, beginning of period	$ 3,062,200,000	$ 3,228,800,000
Other comprehensive income (loss) before reclassifications	(142,300,000)	(11,400,000)
Net amounts reclassified from AOCI/(L)	4,300,000	5,500,000
Net current-period other comprehensive income (loss)	(138,000,000)	(5,900,000)
Balance, end of period	3,444,200,000	3,425,600,000
Total
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Balance, beginning of period	(321,900,000)	(456,200,000)
Balance, end of period	(459,900,000)	(462,100,000)
(Loss) gain on Cash Flow Hedges
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Balance, beginning of period	(15,500,000)	(43,000,000)
Other comprehensive income (loss) before reclassifications	600,000	(1,000,000)
Net amounts reclassified from AOCI/(L)	3,800,000	6,700,000
Net current-period other comprehensive income (loss)	4,400,000	5,700,000
Balance, end of period	(11,100,000)	(37,300,000)
(Loss) gain on Net Investment Hedge
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Balance, beginning of period	(32,200,000)	261,900,000
Other comprehensive income (loss) before reclassifications	16,700,000	(210,700,000)
Net amounts reclassified from AOCI/(L)	0	0
Net current-period other comprehensive income (loss)	16,700,000	(210,700,000)
Balance, end of period	(15,500,000)	51,200,000
Other Foreign Currency Translation Adjustments
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Balance, beginning of period	(259,300,000)	(683,800,000)
Other comprehensive income (loss) before reclassifications	(159,600,000)	200,300,000
Net amounts reclassified from AOCI/(L)	0	0
Net current-period other comprehensive income (loss)	(159,600,000)	200,300,000
Balance, end of period	(418,900,000)	(483,500,000)
Pension and Other Post-Employment Benefit Plans
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Balance, beginning of period	(14,900,000)	8,700,000
Other comprehensive income (loss) before reclassifications	0	0
Net amounts reclassified from AOCI/(L)	500,000	(1,200,000)
Net current-period other comprehensive income (loss)	500,000	(1,200,000)
Balance, end of period	(14,400,000)	$ 7,500,000
Reclassification from accumulated other comprehensive income (loss), current period, before tax	500,000
Other comprehensive income (loss), tax	$ 0

SHARE-BASED COMPENSATION PLAN_2

SHARE-BASED COMPENSATION PLANS - Schedule of Share-based Compensation (Details) - USD ($) $ in Millions	3 Months Ended
	Sep. 30, 2021	Sep. 30, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total share-based compensation expense	$ 108.3	$ 5.7
Share-based compensation expense	107.8	6.2
Additional Paid-in Capital
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense	107.8	6.2
Equity plan expense
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total share-based compensation expense	107.8	4.9
Equity plan expense | Additional Paid-in Capital
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense	107.8	6.2
Equity plan expense | Additional Paid-in Capital | Discontinued Operations
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense		1.3
Equity plan modified and cash settled
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total share-based compensation expense	0	0.9
Liability plan (income) expense
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total share-based compensation expense	0.4	(0.1)
Fringe expense
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total share-based compensation expense	$ 0.1	$ 0

SHARE-BASED COMPENSATION PLAN_3

SHARE-BASED COMPENSATION PLANS - Narrative (Details) - USD ($)	Oct. 29, 2021	Jun. 30, 2021	Sep. 30, 2021	Sep. 30, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total share-based compensation expense			$ 108,300,000	$ 5,700,000
Forfeitures of share-based compensation instruments			$ 0	(700,000)
Common stock, par value (in dollars per share)		$ 0.01	$ 0.01
Stock Option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total unrecognized share-based compensation expense			$ 4,900,000
Weighted-average period for unrecognized share-based compensation			2 years 3 months 18 days
Restricted Stock Units and Other Share Awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total share-based compensation expense			$ 106,900,000	5,300,000
Total unrecognized share-based compensation expense			$ 210,800,000
Weighted-average period for unrecognized share-based compensation			1 year 11 months 12 days
Awards granted (in shares)			0
Restricted Stock Units | CEO
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total share-based compensation expense			$ 100,800,000	0
Total unrecognized share-based compensation expense		$ 273,200,000
Restricted Stock Units | CEO | Share-based Payment Arrangement, Tranche One
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total unrecognized share-based compensation expense		$ 168,300,000
Shares to be granted for restricted stock awards (in shares)		10,000,000
Restricted Stock Units | CEO | Share-based Payment Arrangement, Tranche One | Cottage Holdco B.V.
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares to be contributed by related party (in shares)		10,000,000
Period for shares to be contributed by related party		60 days
Restricted Stock Units | CEO | Share-based Payment Arrangement, Tranche One | Cottage Holdco B.V. | Subsequent event
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares contributed by related party (in shares)	10,000,000
Restricted Stock Units | CEO | Share-based Payment Arrangement, Tranche Two
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total unrecognized share-based compensation expense		$ 89,900,000
Shares to be granted for restricted stock awards (in shares)		10,000,000
Restricted Stock Units | CEO | Share-based Payment Arrangement, Tranche Three
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total unrecognized share-based compensation expense		$ 15,000,000
Shares to be granted for restricted stock awards (in shares)		10,000,000
Restricted Stock Units | CEO | Share-based Payment Arrangement, Tranche Three | Cottage Holdco B.V.
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares to be contributed by related party (in shares)		5,000,000
Non-Qualified Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total share-based compensation expense			$ 800,000	600,000
Options granted (in shares)			0
Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total share-based compensation expense			$ 200,000	(100,000)
Total unrecognized share-based compensation expense			$ 1,800,000
Weighted-average period for unrecognized share-based compensation			1 year 8 months 4 days
Awards granted (in shares)			0
Series A Preferred Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total unrecognized share-based compensation expense			$ 0
Weighted-average period for unrecognized share-based compensation			0 years
Awards granted (in shares)			0
Common Class A
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common stock, par value (in dollars per share)			$ 0.01
Common Class A | Restricted Stock Units | CEO
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common stock, par value (in dollars per share)		$ 0.01
Series A-1 Preferred Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Awards granted (in shares)			0
Series A and A-1 Preferred Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total share-based compensation expense			$ 400,000	(100,000)
Selling, general and administrative expenses
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total share-based compensation expense			$ 108,300,000	$ 6,400,000

NET INCOME ATTRIBUTABLE TO CO_3

NET INCOME ATTRIBUTABLE TO COTY INC. PER COMMON SHARE (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended
	Sep. 30, 2021	Sep. 30, 2020
Amounts attributable to Coty Inc.
Net income from continuing operations	$ 226	$ 116.7
Convertible Series B Preferred Stock dividends	(123)	(20.8)
Net income from continuing operations attributable to common stockholders	103	95.9
Net income from discontinued operations, net of tax	0	104.7
Net income attributable to common stockholders	$ 103	$ 200.6
Weighted-average common shares outstanding:
Weighted-average common shares outstanding—Basic (in shares)	777.6	763.9
Effect of dilutive stock options and Series A/A-1 Preferred Stock (in shares)	0	0
Effect of restricted stock and RSUs (in shares)	10.1	1.4
Effect of Convertible Series B Preferred Stock (in shares)	0	151.4
Weighted-average common shares outstanding—Diluted (in shares)	787.7	916.7
Earnings per common share:
Earnings from continuing operations per common share - basic (in dollars per share)	$ 0.13	$ 0.13
Earnings from continuing operations per common share - diluted (in dollars per share)	0.13	0.13
Earnings from discontinued operations - basic (in dollars per share)	0	0.13
Earnings from discontinued operations - diluted (in dollars per share)	0	0.11
Earnings per common share - basic (in dollars per share)	0.13	0.26
Earnings per common share - diluted (in dollars per share)	$ 0.13	$ 0.24
Stock options and Series A preferred stock
Earnings per common share:
Anti-dilutive shares (in shares)	11.4	16.8
RSUs
Earnings per common share:
Anti-dilutive shares (in shares)	5	10.9
Series B Preferred Stock
Earnings per common share:
Anti-dilutive shares (in shares)	163.1

MANDATORILY REDEEMABLE FINANC_2

MANDATORILY REDEEMABLE FINANCIAL INTERESTS AND REDEEMABLE NONCONTROLLING INTERESTS - Mandatorily Redeemable Financial Interest (Details) - United Arab Emirates Joint Venture $ in Millions	1 Months Ended
	Jul. 31, 2021USD ($)
Noncontrolling Interest [Line Items]
Additional ownership percentage purchased	25.00%
Payments to acquire additional interest in subsidiaries	$ 7.1

MANDATORILY REDEEMABLE FINANC_3

MANDATORILY REDEEMABLE FINANCIAL INTERESTS AND REDEEMABLE NONCONTROLLING INTERESTS - Redeemable Noncontrolling Interests (Details) - USD ($) $ in Millions	Sep. 30, 2021	Jun. 30, 2021	Sep. 30, 2020	Jun. 30, 2020
Redeemable Noncontrolling Interest [Line Items]
Non-cash redeemable noncontrolling interest for business combinations	$ 83.4	$ 84.1	$ 83.1	$ 79.1
Middle East Subsidiary
Redeemable Noncontrolling Interest [Line Items]
Ownership percentage by noncontrolling owners	25.00%

COMMITMENT AND CONTINGENCIES (D

COMMITMENT AND CONTINGENCIES (Details) R$ in Millions, $ in Millions	3 Months Ended
	Sep. 30, 2021USD ($)	Sep. 30, 2021BRL (R$)	Sep. 30, 2021BRL (R$)	Jun. 30, 2021USD ($)
Loss Contingencies [Line Items]
Unrecognized tax benefits, income tax penalties and interest accrued	$ 22.4			$ 21.7
Brazilian Tax Assessments | Foreign State Tax Authority
Loss Contingencies [Line Items]
Assessments dismissed	66.6	R$ 360.7
Brazilian Tax Assessments | Pending Litigation | 2017-2019
Loss Contingencies [Line Items]
Unrecognized tax benefits, income tax penalties and interest accrued	671.2
Brazilian Tax Assessments | Pending Litigation | Foreign State Tax Authority | 2016-2017
Loss Contingencies [Line Items]
Unrecognized tax benefits, income tax penalties and interest accrued	0.2		R$ 1.0
Brazilian Tax Assessments | Pending Litigation | Foreign State Tax Authority | 2017-2019
Loss Contingencies [Line Items]
Unrecognized tax benefits, income tax penalties and interest accrued	123.9
Brazilian Tax Assessments | Pending Litigation | Foreign State Tax Authority | 2016-2019
Loss Contingencies [Line Items]
Unrecognized tax benefits, income tax penalties and interest accrued	34.7		188.1
Brazilian Tax Assessments | Pending Litigation | Foreign State Tax Authority | 2016-2020
Loss Contingencies [Line Items]
Unrecognized tax benefits, income tax penalties and interest accrued	14		76
Brazilian Tax Assessments | Pending Litigation | Foreign Federal Tax Authority | 2016-2017
Loss Contingencies [Line Items]
Unrecognized tax benefits, income tax penalties and interest accrued	$ 63.6		R$ 344.4

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details)	Nov. 06, 2021	Oct. 20, 2021	Nov. 30, 2020	Sep. 30, 2021USD ($)	Sep. 30, 2020USD ($)	Jun. 30, 2021
Related Party Transaction [Line Items]
Expenses					$ 7,600,000
Total share-based compensation expense				$ 108,300,000	5,700,000
Sublease income				$ 5,300,000	1,500,000
KKR
Related Party Transaction [Line Items]
Ownership percentage assuming full conversion of preferred stock				10.90%
Wella Business
Related Party Transaction [Line Items]
Ownership percentage				40.00%
Wella Business | Subsequent event
Related Party Transaction [Line Items]
Equity method investment, amount sold (percentage)	4.70%	9.40%
Ownership percentage after transaction	25.90%	30.60%
Percentage of convertible preferred stock redeemed for sale of equity method investment	56.00%
Wella Business | KKR
Related Party Transaction [Line Items]
Ownership percentage				60.00%
CEO
Related Party Transaction [Line Items]
Contribution agreement, percentage of total number of shares of common stock owed, to be transferred upon vesting						0.50
KKR | Consulting and Advisory Services
Related Party Transaction [Line Items]
Expenses				$ 0	$ 0
Wella Business
Related Party Transaction [Line Items]
Transition Services Agreement, term of agreement			18 months
Transition Services Agreement, term extension			3 months
Accounts receivable, related parties				160,700,000
Accounts payable, related parties				46,200,000
Total share-based compensation expense				1,600,000
Sublease income				2,400,000
Wella Business | Transition Services Agreement Fees
Related Party Transaction [Line Items]
Revenue from related parties				33,200,000
Wella Business | Related Party Transaction, Other Fees
Related Party Transaction [Line Items]
Revenue from related parties				$ 1,500,000

SUBSEQUENT EVENTS (Details)

SUBSEQUENT EVENTS (Details) - Subsequent event - Wella Business	Nov. 06, 2021	Oct. 20, 2021
Subsequent Event [Line Items]
Equity method investment, amount sold (percentage)	4.70%	9.40%
Ownership percentage after transaction	25.90%	30.60%
Percentage of convertible preferred stock redeemed for sale of equity method investment	56.00%

Uncategorized Items - coty-2021

Label	Element	Value
Accounting Standards Update [Extensible Enumeration]	us-gaap_AccountingStandardsUpdateExtensibleList	Accounting Standards Update 2016-13 [Member]