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DISCONTINUED OPERATIONS (Tables) | 12 Months Ended
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Jun. 30, 2022
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.
| Year Ended June 30,
| 2022 (a) |  | 2021 (b) |  | 2020
Net revenues | $ | — |  |  | $ | 986.3 |  |  | $ | 2,020.1 |
Cost of sales | — |  |  | 322.5 |  |  | 689.7 |
Gross profit | — |  |  | 663.8 |  |  | 1,330.4 |
Selling, general and administrative expenses | — |  |  | 443.7 |  |  | 1,009.2 |
Amortization expense | — |  |  | — |  |  | 95.5 |
Restructuring costs | — |  |  | (0.7) |  |  | 7.5 |
Asset impairment charges | — |  |  | — |  |  | — |
Operating income | — |  |  | 220.8 |  |  | 218.2 |
Interest expense, net | — |  |  | 21.3 |  |  | 49.7 |
(Gain) loss on sale of business | (6.1) |  |  | 246.4 |  |  | — |
Other (income) expense, net | — |  |  | (1.0) |  |  | (0.9) |
Income (loss) from discontinued operations before income taxes | 6.1 |  |  | (45.9) |  |  | 169.4 |
Income tax on discontinued operations | 0.4 |  |  | 91.4 |  |  | 82.2 |
Net income (loss) from discontinued operations | $ | 5.7 |  |  | $ | (137.3) |  |  | $ | 87.2 |
(a)Net income from discontinued operations for the year ended June 30, 2022 reflect certain working capital adjustments net of the related income tax impact. (b)As the sale of the Wella Business occurred on November 30, 2020, discontinued operations activity, other than the Loss on sale of business, comprises five months for the fiscal year ended 2021. The following is selected financial information included in cash flows from discontinued operations for the Wella Business held for sale:
| Year Ended June 30,
| 2022 |  | 2021 |  | 2020
NON-CASH OPERATING ITEMS |  |  |  |  |
Depreciation and amortization | $ | — |  |  | $ | — |  |  | $ | 131.8 |
CASH FLOW FROM INVESTING ACTIVITIES |  |  |  |  |
Capital expenditures | $ | — |  |  | $ | 8.7 |  |  | $ | 24.7 |

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