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ACQUISITION AND DIVESTITURE-RELATED COSTS
6 Months Ended
Dec. 31, 2020
Business Combinations [Abstract]  
ACQUISITION AND DIVESTITURE-RELATED COSTS ACQUISITION AND DIVESTITURE-RELATED COSTS
Acquisition-related costs, which are expensed as incurred, represent non-restructuring costs directly related to acquiring and integrating an entity, for both completed and contemplated acquisitions and can include finder’s fees, legal, accounting, valuation, other professional or consulting fees, and other internal costs which can include compensation related expenses for dedicated internal resources. The Company recognized acquisition-related costs of $(0.5) and $4.1 for the three months ended December 31, 2020 and 2019, respectively and $(0.5) and $4.1 for the six months ended December 31, 2020 and 2019, respectively.
Divestiture-related costs, which are expensed as incurred, represent non-restructuring costs directly related to divesting and selling an entity, for both completed and contemplated divestitures. These costs can include legal, accounting, information technology, other professional or consulting fees and other internal costs. Internal costs can include compensation related expenses for dedicated internal resources. Additionally, for divestitures, the Company includes write-offs of assets that are no longer recoverable and contract related costs due to the divestiture. The Company recognized divestiture-related costs of $52.2 and $31.9 for the three months ended December 31, 2020 and 2019, respectively and $98.5 and $31.9 for the six months ended December 31, 2020 and 2019, respectively. Divestiture-related costs incurred during the three and six months ended December 31, 2020 were primarily related to the strategic transaction with KKR for the sale of a majority stake in the Wella Business. See Note 5—Business Combinations, Asset Acquisitions and Divestitures for information on the strategic transaction.
These costs have been recorded in Acquisition and divestiture-related costs in the Condensed Consolidated Statements of Operations.