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SEGMENT REPORTING | 12 Months Ended
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Jun. 30, 2021
Segment Reporting [Abstract] |
SEGMENT REPORTING | SEGMENT REPORTING Operating and reportable segments (referred to as “segments”) reflect the way the Company is managed and for which separate financial information is available and evaluated regularly by the Company’s chief operating decision maker (“CODM”) in deciding how to allocate resources and assess performance. The Company has designated its Chief Executive Officer as the CODM. The Company’s three segments for its continuing operations are: Americas, EMEA, and Asia Pacific. Americas, EMEA, and Asia Pacific include the businesses focused on prestige fragrances, prestige skin care, prestige cosmetics, mass color cosmetics, mass fragrance, mass skin care and body care, and are supported by central marketing teams. As previously disclosed, the Company’s CODM is in the process of finalizing her organization structure and how she will assess performance, and the Company has concurrently evaluated the potential impact to its segment reporting. Based on this evaluation, the Company has determined that it is appropriate to realign its reportable segments from the current regional structure to a principally product category-based structure, comprised of a prestige business segment and a consumer beauty business segment. The Company is in the process of making corresponding changes, as needed, to its management structure and operating responsibilities as well as to its information systems to enable appropriate internal and external financial reporting reflecting such newly identified segments by the first quarter of its fiscal year 2022. Certain income and shared costs and the results of corporate initiatives are managed by Corporate. Corporate primarily includes restructuring and realignment costs, costs related to acquisition and divestiture activities and impairments of long lived assets, goodwill and intangibles that are not attributable to ongoing operating activities of the segments. The results of Younique, LLC ("Younique") are included in "Other." See Note 4—Business Combinations, Asset Acquisitions and Divestitures for information on Younique and the divestiture, which was completed on September 16, 2019. Corporate costs are not used by the CODM to measure the underlying performance of the segments. With the exception of goodwill, the Company does not identify or monitor assets by segment. The Company does not present assets by reportable segment since various assets are shared between reportable segments. The allocation of goodwill by segment is presented in Note 12—Goodwill and Other Intangible Assets, net.
| Year Ended June 30,
SEGMENT DATA | 2021 |  | 2020 |  | 2019
Net revenues: |  |  |  |  |
Americas | $ | 1,866.9 |  |  | $ | 1,771.0 |  |  | $ | 2,248.9 |
EMEA | 2,183.7 |  |  | 2,308.6 |  |  | 2,909.7 |
Asia Pacific | 579.3 |  |  | 582.7 |  |  | 771.1 |
Other | — |  |  | 55.5 |  |  | 358.2 |
Total | $ | 4,629.9 |  |  | $ | 4,717.8 |  |  | $ | 6,287.9 |
Depreciation and amortization: |  |  |  |  |
Americas | $ | 255.7 |  |  | $ | 227.4 |  |  | $ | 188.4 |
EMEA | 259.9 |  |  | 276.0 |  |  | 272.0 |
Asia Pacific | 69.7 |  |  | 69.5 |  |  | 63.3 |
Other | — |  |  | 11.8 |  |  | 54.8 |
Total | $ | 585.3 |  |  | $ | 584.7 |  |  | $ | 578.5 |
Operating income (loss) from continuing operations |  |  |  |  |
Americas | $ | 36.5 |  |  | $ | (164.8) |  |  | $ | (1,474.5) |
EMEA | 129.8 |  |  | (248.4) |  |  | (1,344.1) |
Asia Pacific | (13.2) |  |  | (74.0) |  |  | (253.1) |
Other | — |  |  | (10.9) |  |  | (18.6) |
Corporate | (201.7) |  |  | (738.4) |  |  | (598.1) |
Total | $ | (48.6) |  |  | $ | (1,236.5) |  |  | $ | (3,688.4) |
Reconciliation: |  |  |  |  |
Operating loss from continuing operations | $ | (48.6) |  |  | $ | (1,236.5) |  |  | $ | (3,688.4) |
Interest expense, net | 235.1 |  |  | 242.7 |  |  | 225.2 |
Other (income) expense, net | (43.9) |  |  | (11.6) |  |  | 31.8 |
Loss from continuing operations before income taxes | $ | (239.8) |  |  | $ | (1,467.6) |  |  | $ | (3,945.4) |
| As of June 30,
Long-lived assets: | 2021 |  | 2020 |  |
U.S. | $ | 3,919.0 |  |  | $ | 3,340.5 |  |  |
Netherlands | 3,880.8 |  |  | 69.7 |  |  |
Brazil | 494.8 |  |  | 494.0 |  |  |
Switzerland | 142.3 |  |  | 3,690.9 |  |  |
All other | 1,062.3 |  |  | 1,832.5 |  |  |
Total | $ | 9,499.2 |  |  | $ | 9,427.6 |  |  |
For Net revenues, a major country is defined as a group of subsidiaries in a country with combined revenues greater than 10% of consolidated net revenues or as otherwise deemed significant. The United States is the only country that accounts for more than 10% of total net revenues for fiscal years 2021, 2020 and 2019. The United States had net revenues of $1,288.9, $1,159.3 and $1,470.5 in fiscal 2021, 2020 and 2019, respectively. No customer or group of affiliated customers accounted for more than 10% of the Company’s Net revenues in fiscal 2021, 2020 and 2019 or are otherwise deemed significant. For Long-lived assets, a major country is defined as a group of subsidiaries within a country with combined long-lived assets greater than 10% of consolidated long-lived assets or as otherwise deemed significant. Long-lived assets include property and equipment, goodwill and other intangible assets. Presented below are the net revenues associated with Company’s product categories as a percentage of total net revenues for continuing operations:
| Year Ended June 30,
PRODUCT CATEGORY | 2021 |  | 2020 |  | 2019
Fragrances | 57.4 | % |  | 55.5 | % |  | 54.4 | %
Color Cosmetics | 29.3 | % |  | 31.1 | % |  | 32.2 | %
Body Care & Other | 13.3 | % |  | 13.4 | % |  | 13.4 | %
Total | 100.0 | % |  | 100.0 | % |  | 100.0 | %

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -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://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8981-108599 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9031-108599 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (f) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -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 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9054-108599 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8657-108599 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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