v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 9 Months Ended
Mar. 31, 2026
Mar. 31, 2025
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (447.9) $ (280.9)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 354.1 315.3
Asset impairment charges 362.8 212.8
Non-cash lease expense 47.2 46.8
Deferred income taxes (156.3) (41.2)
Provision for bad debts 10.0 8.7
Provision for pension and other post-employment benefits 8.3 8.2
Share-based compensation 39.2 44.7
Impairment and losses on disposal of long-lived assets, net 12.3 73.7
Losses from equity investments, net 194.0 87.6
Foreign exchange effects (9.0) 12.9
Losses on forward repurchase contracts, net 124.4 216.2
Other 43.1 34.5
Change in operating assets and liabilities    
Trade receivables (47.1) (156.0)
Inventories 3.3 46.9
Prepaid expenses and other current assets 44.1 23.3
Accounts payable and accrued expenses (76.4) (111.1)
Other current liabilities 10.8 (113.2)
Operating lease liabilities (44.6) (42.7)
Income and other taxes payable 0.5 (18.1)
Other noncurrent assets 5.2 (10.5)
Other noncurrent liabilities (56.2) 51.5
Net cash provided by operating activities 421.8 409.4
CASH FLOWS FROM INVESTING ACTIVITIES:    
Capital expenditures (146.2) (166.7)
Proceeds from sale of equity investments and related assets 750.0 74.0
Proceeds from contingent consideration, license agreements, and sale of other long-lived assets, net 9.3 12.6
Net cash provided by (used in) investing activities 613.1 (80.1)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net proceeds from short-term debt 0.0 5.0
Proceeds from revolving loan facilities 1,373.6 1,951.3
Repayments of revolving loan facilities (1,575.5) (1,562.7)
Proceeds from issuance of other long-term debt 899.2 0.0
Repayments of other long-term debt (1,465.7) (490.6)
Dividend payments on Series B Preferred Stock (9.9) (9.9)
Net proceeds from (payments of) foreign currency contracts 11.4 (14.0)
Distributions to redeemable noncontrolling interests and noncontrolling interests (17.0) (23.9)
Payments related to forward repurchase contracts, including hedge valuation adjustments (208.7) (282.3)
Refunds related to hedge valuation adjustment 0.0 61.8
Payments of deferred financing fees and premium on bond extinguishment (31.4) (2.0)
All other (12.0) (16.8)
Net cash used in financing activities (1,036.0) (384.1)
EFFECT OF EXCHANGE RATES ON CASH, CASH EQUIVALENTS AND RESTRICTED CASH 0.9 (6.4)
NET DECREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH (0.2) (61.2)
CASH, CASH EQUIVALENTS AND RESTRICTED CASH—Beginning of period 270.4 320.6
CASH, CASH EQUIVALENTS AND RESTRICTED CASH—End of period 270.2 259.4
SUPPLEMENTAL DISCLOSURE OF CASH FLOWS INFORMATION:    
Cash paid for interest 149.3 171.6
Cash paid for income taxes, net of refunds received 71.1 66.8
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Accrued capital expenditure additions 53.0 64.4
Fair value of Wella Distribution Rights (see Note 6 - Equity Investment) $ 58.0 $ 0.0