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v3.22.1

Segment Information (Tables) | 9 Months Ended
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Mar. 31, 2022
Segment Reporting [Abstract] |
Schedule of Key Performance Measures by Segment | Key financial performance measures of the segments including Revenue, Cost of revenue, and Gross profit are as follows:
| Three Months Ended March 31, |  | Nine Months Ended March 31,
| 2022 |  | 2021 |  | 2022 |  | 2021
| (in millions)
Connected Fitness Products: |  |  |  |  |  |  |
Revenue | $ | 594.4 |  |  | $ | 1,022.9 |  |  | $ | 1,891.9 |  |  | $ | 2,494.4 |
Cost of revenue | 662.3 |  |  | 732.5 |  |  | 1,848.1 |  |  | 1,659.5 |
Gross profit | $ | (67.9) |  |  | $ | 290.4 |  |  | $ | 43.8 |  |  | $ | 834.8 |
Subscription: |  |  |  |  |  |  |
Revenue | $ | 369.9 |  |  | $ | 239.4 |  |  | $ | 1,011.6 |  |  | $ | 590.6 |
Cost of revenue | 117.8 |  |  | 84.8 |  |  | 327.2 |  |  | 227.0 |
Gross profit | $ | 252.1 |  |  | $ | 154.5 |  |  | $ | 684.4 |  |  | $ | 363.6 |
Consolidated: |  |  |  |  |  |  |
Revenue | $ | 964.3 |  |  | $ | 1,262.3 |  |  | $ | 2,903.4 |  |  | $ | 3,085.0 |
Cost of revenue | 780.1 |  |  | 817.4 |  |  | 2,175.3 |  |  | 1,886.6 |
Gross profit | $ | 184.2 |  |  | $ | 444.9 |  |  | $ | 728.2 |  |  | $ | 1,198.4 |
Schedule of Reconciliation of Segment Gross Profit to Consolidated Loss Before Tax | The reconciliation between reportable Segment Gross Profit to consolidated (loss) income before tax is as follows:
| Three Months Ended March 31, |  | Nine Months Ended March 31,
| 2022 |  | 2021 |  | 2022 |  | 2021
| (in millions)
Segment Gross Profit | $ | 184.2 |  |  | $ | 444.9 |  |  | $ | 728.2 |  |  | $ | 1,198.4 |
Sales and marketing | (227.7) |  |  | (208.2) |  |  | (860.8) |  |  | (500.3) |
General and administrative | (242.3) |  |  | (180.6) |  |  | (731.3) |  |  | (430.3) |
Research and development | (77.1) |  |  | (69.8) |  |  | (274.6) |  |  | (153.9) |
Goodwill impairment | (181.9) |  |  | — |  |  | (181.9) |  |  | — |
Impairment expense and loss on disposals | (32.5) |  |  | — |  |  | (42.5) |  |  | — |
Restructuring expense | (158.5) |  |  | — |  |  | (158.5) |  |  | — |
Total other expense, net | (19.2) |  |  | (4.0) |  |  | (43.8) |  |  | (0.5) |
(Loss) income before provision for income taxes | $ | (755.0) |  |  | $ | (17.7) |  |  | $ | (1,565.0) |  |  | $ | 113.4 |

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- Definition Tabular disclosure of the reconciliation of profit (loss) from reportable segments to the consolidated income (loss) before income tax expense (benefit) and discontinued operations. Includes, but is not limited to, reconciliation after income tax if income tax is allocated to the reportable segment. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8924-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8906-108599 + Details
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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8906-108599 + Details
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