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DISCONTINUED OPERATIONS (Tables)
 3 Months Ended
Sep. 30, 2021
Discontinued Operations and Disposal Groups [Abstract]  
Schedule of discontinued operations The following table has selected financial information included in Net income from discontinued operations for the Wella Business.
Three Months Ended September 30, 2020
Net revenues$566.4 
Cost of sales181.0 
Gross profit385.4 
Selling, general and administrative expenses240.0 
Operating income145.4 
Interest expense, net (a)
11.8
Other expense (income), net0.1 
(Loss) income from discontinued operations before income taxes133.5 
(Benefit) provision for income taxes on discontinued operations28.8 
Net income from discontinued operations$104.7 
(a)Interest expense was allocated to the discontinued operations due to a requirement in the 2018 Coty Credit Agreement, as amended (defined in Note 11—Debt), that cash generated from the sale of the Wella Business is utilized to reduce the Company’s debt within the twelve months following the sale completion date, other than a maximum of $500.0 that will be used for reinvestment in the Company's business, pursuant to the 2018 Coty Credit Agreement, as amended. See Note 11—Debt for more information.
The following is selected financial information included in cash flows from discontinued operations for the Wella Business held for sale:
Three Months Ended September 30, 2020
NON-CASH OPERATING ITEMS
Depreciation and amortization$— 
CASH FLOW FROM INVESTING ACTIVITIES
Capital expenditures$4.7