SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
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12 Months Ended |
Jun. 30, 2026 |
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| Accounting Policies [Abstract] |
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| Schedule of property and equipment, net |
Depreciation and amortization are computed principally using the straight-line method over the following estimated useful lives: | | | | | | | Description | Estimated Useful Lives | | Buildings | 20-40 years | | Marketing furniture and fixtures | 3-5 years | | Machinery and equipment | 2-15 years | | Computer equipment and software | 2-5 years | | Property and equipment under finance leases and leasehold improvements | Lesser of lease term or economic life |
Property and equipment, net as of June 30, 2026 and 2025 are presented below: | | | | | | | | | | | | | June 30,
2026 | | June 30,
2025 | | Land, buildings and leasehold improvements | $ | 451.5 | | | $ | 450.9 | | | Machinery and equipment | 753.0 | | | 750.7 | | | Marketing furniture and fixtures | 595.8 | | | 605.0 | | | Computer equipment and software | 823.0 | | | 817.3 | | | Construction in progress | 56.2 | | | 76.0 | | | Property and equipment, gross | 2,679.5 | | | 2,699.9 | | | Accumulated depreciation | (2,029.5) | | | (1,990.7) | | | Property and equipment, net | $ | 650.0 | | | $ | 709.2 | |
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| Schedule of finite-lived intangible assets |
Intangible assets with finite lives are amortized principally using the straight-line method over the following estimated useful lives: | | | | | | | Description | Estimated Useful Lives | | License agreements | 2-34 years | | Customer relationships | 2-28 years | | Trademarks | 2-30 years | | Product formulations and technology | 2-28 years |
Other intangible assets, net as of June 30, 2026 and 2025 are presented below: | | | | | | | | | | | | | June 30,
2026 | | June 30,
2025 | | Indefinite-lived other intangible assets | $ | 626.7 | | | $ | 761.0 | | | Finite-lived other intangible assets, net | 2,148.9 | | | 2,453.8 | | | Total Other intangible assets, net | $ | 2,775.6 | | | $ | 3,214.8 | |
Intangible assets subject to amortization are presented below: | | | | | | | | | | | | | | | | | | | | | | | | | Cost | | Accumulated Amortization | | Accumulated Impairment | | Net | | June 30, 2025 | | | | | | | | License and collaboration agreements * | $ | 3,765.8 | | | $ | (1,614.9) | | | $ | (19.6) | | | $ | 2,131.3 | | | Customer relationships | 766.0 | | | (568.9) | | | (5.5) | | | 191.6 | | | Trademarks | 318.2 | | | (208.4) | | | (0.5) | | | 109.3 | | | Product formulations and technology | 87.8 | | | (66.2) | | | — | | | 21.6 | | | Total | $ | 4,937.8 | | | $ | (2,458.4) | | | $ | (25.6) | | | $ | 2,453.8 | | | June 30, 2026 | | | | | | | | | License and collaboration agreements | $ | 3,695.3 | | | $ | (1,817.7) | | | $ | (19.6) | | | $ | 1,858.0 | | | Customer relationships | 760.7 | | | (581.0) | | | (5.5) | | | 174.2 | | Trademarks | 316.0 | | | (218.7) | | | (0.5) | | | 96.8 | | | Product formulations and technology | 87.5 | | | (67.6) | | | — | | | 19.9 | | | Total | $ | 4,859.5 | | | $ | (2,685.0) | | | $ | (25.6) | | | $ | 2,148.9 | |
* On March 21, 2025, the KKW Collaboration Agreement was terminated pursuant to the KKW Sale Agreement. As such, the Company derecognized the remaining KKW Collaboration Agreement carrying amount of $142.5 as of the termination date.
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| Schedule of recently issued and not yet adopted accounting pronouncements |
Recently Issued and Not Yet Adopted Accounting Pronouncements | | | | | | | | | | | | | | | | | | | | | | Accounting Standards Update(s) | | Topic | | Effective Period | | Summary | | 2024-03 | | Income Statement - Reporting Comprehensive Income - Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses | | Fiscal 2028 | | In November 2024, the FASB issued ASU 2024-03, Income Statement—Reporting Comprehensive Income—Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses. Additionally, in January 2025, the FASB issued ASU 2025-01 to clarify the effective date of ASU 2024-03. The standard requires, in the notes to the financial statements, disclosure of specified information about certain costs and expenses, including purchases of inventory, employee compensation, depreciation, and intangible asset amortization from each relevant expense caption. The amendments in ASU 2024-03 are effective for annual reporting periods beginning after December 15, 2026, and interim reporting periods beginning after December 15, 2027. Early adoption and retrospective application are permitted, but not required. The Company plans to adopt the standard and make the additional required annual disclosures beginning in the fourth quarter of fiscal 2028 and the required interim disclosures beginning in the first quarter of fiscal 2029. | | 2025-05 | | Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses for Accounts Receivable and Contract Assets | | Fiscal 2027 | | In July 2025, the FASB issued ASU 2025-05, Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses for Accounts Receivable and Contract Assets. The update offers a practical expedient under which entities can elect to assume that current conditions as of the balance sheet date do not change for the remaining life of the asset when estimating expected credit losses. The guidance is effective for annual reporting periods beginning after December 15, 2025, and interim reporting periods within those annual reporting periods, which is Coty fiscal 2027, with early adoption permitted. The Company is currently evaluating the impact that the guidance may have on its consolidated financial statements. | | 2025-06 | | Intangibles—Goodwill and Other—Internal-Use Software (Subtopic 350-40): Targeted Improvements to the Accounting for Internal-Use Software | | Fiscal 2029 | | In September 2025, the FASB issued ASU 2025-06, Intangibles—Goodwill and Other—Internal-Use Software (Subtopic 350-40): Targeted Improvements to the Accounting for Internal-Use Software, which removes all references to software development project stages and requires entities to start capitalizing software costs when management has authorized and committed to funding the software project and it is probable that the project will be completed and the software will be used to perform the function intended. The guidance is effective for fiscal years beginning after December 15, 2027, and interim periods within those fiscal years, with early adoption permitted, and may be applied prospectively, retrospectively, or on a modified prospective basis. The ASU will be effective for Coty in the first quarter of fiscal 2029. The Company is currently evaluating the impact that the guidance may have on its consolidated financial statements. | | 2025-11 | | Interim Reporting (Topic 270): Narrow-Scope Improvements | | Fiscal 2028 | | In December 2025, the FASB issued ASU 2025-11, Interim Reporting (Topic 270): Narrow-Scope Improvements, which clarifies the applicability of the interim reporting guidance, the types of interim reporting, and the form and content of interim financial statements in accordance with U.S. GAAP. Per the FASB, the amendment is not intended to change the fundamental nature of interim reporting or expand or reduce current interim disclosure requirements but rather provide clarity and improve navigability of the existing interim reporting requirements. The update will be effective for interim reporting periods within annual reporting periods beginning after December 15, 2027. The Company is currently evaluating the effect of this update on our interim statements and related disclosures. | | 2025-12 | | Codification Improvements | | Fiscal 2028 | | In December 2025, the FASB issued ASU 2025-12, Codification Improvements, addressing suggestions received from stakeholders regarding the Accounting Standards Codification ("ASC") and makes other incremental improvements to U.S. GAAP. The update represents changes to the Codification that clarify, correct errors in, or make other improvements to a variety of topics that are intended to make them easier to understand and apply. ASU 2025-12 is effective for fiscal years beginning after December 15, 2026 and interim periods within those fiscal years. Entities are required to apply the amendments to ASC 260, Earnings per Share, retrospectively. All other amendments may be applied prospectively or retrospectively. Early adoption is permitted. The Company is currently evaluating the impact of this guidance on its consolidated financial statements and related disclosures. | | | | | | | |
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