v3.26.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 12 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2024
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net (loss) income $ (590.2) $ (350.2) $ 109.4
Adjustments to reconcile net (loss) income to net cash provided by operating activities:      
Depreciation and amortization 482.2 420.0 421.1
Non-cash lease expense 62.8 62.3 61.6
Goodwill and intangible asset impairment charges 362.8 212.8 0.0
Deferred income taxes (154.9) (87.5) (9.8)
Provision for bad debts 8.8 6.3 2.7
Provision for pension and other post-employment benefits 9.9 10.2 8.6
Share-based compensation 46.3 50.0 88.8
Impairment and losses on disposal of long-lived assets, net 13.8 76.1 3.9
Losses (gains) from equity investments, net 194.0 85.6 (21.7)
Foreign exchange effects (9.3) 24.9 14.8
Losses on forward repurchase contracts, net 117.3 255.2 76.3
Other 67.6 39.7 46.5
Change in operating assets and liabilities:      
Trade receivables (5.4) (81.1) (104.5)
Inventories (50.5) 4.8 67.2
Prepaid expenses and other current assets 21.2 64.1 (11.0)
Accounts payable and accrued expenses 13.6 (167.9) (49.1)
Other current liabilities 41.9 (61.7) 64.1
Operating lease liabilities (59.6) (57.4) (58.4)
Income and other taxes payable 31.1 (38.5) (77.3)
Other noncurrent assets 2.7 (38.2) (4.3)
Other noncurrent liabilities (68.3) 63.1 (14.3)
Net cash provided by operating activities 537.8 492.6 614.6
CASH FLOWS FROM INVESTING ACTIVITIES:      
Capital expenditures (189.6) (215.0) (245.2)
Proceeds from contingent consideration, license agreements, and sale of other long-lived assets, net 9.3 12.6 19.0
Proceeds from sale of equity investments and related assets 750.0 74.0 0.0
Purchases of short-term investments (30.7) 0.0 0.0
Net cash provided by (used in) investing activities 539.0 (128.4) (226.2)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Net proceeds from short-term debt 12.5 0.0 0.0
Proceeds from revolving loan facilities 2,056.8 2,492.5 2,458.6
Repayments of revolving loan facilities (2,096.8) (2,122.6) (2,673.7)
Proceeds from issuance of other long term debt 899.2 0.0 1,824.1
Repayments of term loans and other long term debt (1,760.4) (490.6) (1,936.5)
Net proceeds from issuance of Class A Common Stock 0.0 0.0 355.9
Dividend payments on Common Stock and Convertible Series B Preferred Stock (13.2) (13.3) (13.4)
Net proceeds from (payments for) foreign currency contracts 21.3 (22.0) (7.3)
Distributions to redeemable noncontrolling interests and noncontrolling interests (26.5) (23.9) (24.0)
Payments related to forward repurchase contracts and settlement, including hedge valuation adjustment (210.1) (288.4) (242.6)
Refunds related to hedge valuation adjustment 0.0 61.8 0.0
Payments of deferred financing fees and premium on bond extinguishment (31.6) (2.0) (47.1)
All other (12.4) (18.3) (30.7)
Net cash used in financing activities (1,161.2) (426.8) (336.7)
EFFECT OF EXCHANGE RATES ON CASH, CASH EQUIVALENTS AND RESTRICTED CASH 2.9 12.4 (14.9)
NET (DECREASE) INCREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH (81.5) (50.2) 36.8
CASH, CASH EQUIVALENTS AND RESTRICTED CASH—Beginning of period 270.4 320.6 283.8
CASH, CASH EQUIVALENTS AND RESTRICTED CASH—End of period 188.9 270.4 320.6
SUPPLEMENTAL DISCLOSURE OF CASH FLOWS INFORMATION:      
Cash paid during the year for interest 174.9 218.9 205.7
Cash paid during the year for income taxes, net of refunds received 101.7 95.4 172.6
SUPPLEMENTAL DISCLOSURE OF NONCASH FINANCING AND INVESTING ACTIVITIES:      
Accrued capital expenditure additions 74.6 86.2 108.0
Non-cash exchange of forward repurchase contracts for treasury stock 0.0 0.0 150.6
Fair value of Wella Distribution Rights (see Note 10 - Equity Investment) $ 58.0 $ 0.0 $ 0.0