RELATED PARTY TRANSACTIONS |
9 Months Ended |
|---|---|
Mar. 31, 2026 | |
| Related Party Transactions [Abstract] | |
| RELATED PARTY TRANSACTIONS | RELATED PARTY TRANSACTIONS Performance Guarantee In connection with the sales of certain businesses, the Company has assigned its rights and obligations under a real estate lease to JAB Partners LLP. The remaining term of this lease is approximately five years. While the Company is no longer the primary obligor under this lease, the lessor has not completely released the Company from its obligation, and holds it secondarily liable in the event that the assignee defaults on the lease. The maximum potential future payments that the Company could be required to make, if the assignee was to default as of March 31, 2026, would be approximately $2.7. The Company has assessed the probability of default by the assignee and has determined it to be remote. Wella The Company had an agreement with Wella to provide management, consulting and financial services. The Company earned $0.0 and $0.7 in the three and nine months ended March 31, 2026, respectively, and $0.3 and $1.0 in the three and nine months ended March 31, 2025, respectively, which are reflected in Other expense, net in the Condensed Consolidated Statements of Operations. This agreement ended on December 18, 2025. On December 18, 2025, the Company completed the sale of its remaining 25.8% equity interest in Wella to an entity affiliated with KKR. As a result of this transaction, the Company no longer holds any equity interest in Wella. The Company no longer considers Wella as a related party. The Company and Wella continue to have in place manufacturing arrangements to facilitate the Wella Business transition in the U.S. and Brazil. Fees earned were $1.6 and $1.4 for the three months ended March 31, 2026 and 2025, respectively, and $4.2 and $4.4 for the nine months ended March 31, 2026 and 2025, respectively. Fees are principally invoiced on a cost plus basis and were included in Cost of sales in the Company's Condensed Consolidated Statement of Operations. Secondment Agreement On October 1, 2025, the Company entered into a secondment arrangement with an entity affiliated with JAB to obtain executive management services. Under the terms of the arrangement, the secondee provides services to the Company for a minimum period of one year, in exchange for a fixed fee payable to the affiliated entity. For the three and nine months ended March 31, 2026, $0.4 and $0.7, respectively, was recorded in Selling, general and administrative expense in the Condensed Consolidated Statement of Operations, with a corresponding $0.4 recorded in Other current liabilities in the Condensed Consolidated Balance Sheets.
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