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NET INCOME (LOSS) ATTRIBUTABLE TO COTY INC. PER COMMON SHARE (Tables) | 12 Months Ended
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Jun. 30, 2023
Earnings Per Share [Abstract] |
Schedule of reconciliation of numerators and denominators of basic and diluted EPS computations | Reconciliation between the numerators and denominators of the basic and diluted EPS computations is presented below:
| Year Ended June 30,
| 2023 |  | 2022 |  | 2021
Amounts attributable to Coty Inc.: |  |  |  |  |
Net income (loss) from continuing operations | $ | 508.2 |  |  | $ | 253.8 |  |  | $ | (64.0) |
Convertible Series B Preferred Stock dividends | (13.2) |  |  | (198.3) |  |  | (102.3) |
Net income (loss) from continuing operations attributable to common stockholders | 495.0 |  |  | 55.5 |  |  | (166.3) |
Net income (loss) from discontinued operations, net of tax | — |  |  | 5.7 |  |  | (137.3) |
Net income (loss) attributable to common stockholders | $ | 495.0 |  |  | $ | 61.2 |  |  | $ | (303.6) |
Weighted-average common shares outstanding: |  |  |  |  |
Weighted-average common shares outstanding—Basic | 849.0 |  |  | 820.6 |  |  | 764.8 |
Effect of dilutive stock options and Series A/A-1 Preferred Stock (a) | — |  |  | — |  |  | — |
Effect of restricted stock, PRSUs and RSUs (b) | 13.8 |  |  | 13.5 |  |  | — |
Effect of Convertible Series B Preferred Stock (c) | 23.7 |  |  | — |  |  | — |
Effect of Forward Repurchase Contracts (d) | — |  |  | — |  |  | — |
Weighted-average common shares and common share equivalents outstanding—Diluted | 886.5 |  |  | 834.1 |  |  | 764.8 |
Earnings (losses) per common share |  |  |  |  |
Earnings (losses) from continuing operations per common share - basic | $ | 0.58 |  |  | $ | 0.07 |  |  | $ | (0.22) |
Earnings (losses) from continuing operations per common share - diluted (e) | $ | 0.57 |  |  | $ | 0.07 |  |  | $ | (0.22) |
Earnings (losses) from discontinued operations - basic | $ | 0.00 |  |  | $ | 0.01 |  |  | $ | (0.18) |
Earnings (losses) from discontinued operations - diluted | $ | 0.00 |  |  | $ | 0.01 |  |  | $ | (0.18) |
Earnings (losses) per common share - basic | $ | 0.58 |  |  | $ | 0.08 |  |  | $ | (0.40) |
Earnings (losses) per common share - diluted (e) | $ | 0.57 |  |  | $ | 0.08 |  |  | $ | (0.40) |
(a) As of June 30, 2023 and 2022, outstanding stock options and Series A Preferred Stock with purchase or conversion rights to purchase 4.8 million and 8.3 million weighted average anti-dilutive shares of Common Stock, respectively, were excluded from the computation of diluted EPS. As of June 30, 2021, outstanding stock options and Series A Preferred Stock with purchase or conversion rights to purchase shares of Common Stock were excluded in the computation of diluted loss per share due to the net loss incurred during the period. (b) As of June 30, 2023 and 2022, there were 3.2 million and 1.6 million weighted average anti-dilutive RSUs, respectively, excluded from the computation of diluted EPS. As of June 30, 2021, RSUs were excluded in the computation of diluted loss per share due to the net loss incurred during the period. (c ) As of June 30, 2022, there were 65.4 million dilutive shares of Convertible Series B Preferred Stock excluded from the computation of diluted EPS as their inclusion would be anti-dilutive. As of June 30 2021, Convertible Series B Preferred Stock shares were excluded from the computation of diluted EPS due to the net loss incurred during the period. (d) For the twelve months ended June 30, 2023, potential shares for the Forward Repurchase Contracts were excluded from the computation of diluted EPS as Coty is in the position to receive shares from the counterparties and as such their inclusion would be anti-dilutive. (e) Diluted EPS is adjusted by the effect of dilutive securities, including awards under the Company's equity compensation plans, the convertible Series B Preferred Stock, and the Forward Repurchase Contracts. When calculating any potential dilutive effect of stock options, Series A Preferred Stock, restricted stock, PRSUs and RSUs, the Company uses the treasury method and the if-converted method for the Convertible Series B Preferred Stock and the Forward Repurchase Contracts. The treasury method typically does not adjust the net income attributable to Coty Inc., while the if-converted method requires an adjustment to reverse the impact of the preferred stock dividends of $13.2, $198.3, and $102.3, respectively, and to reverse the impact of fair market value (gains)/losses for contracts with the option to settle in shares or cash of $(101.8), $0, and $0, respectively, if dilutive, for the twelve months ended June 30, 2023, 2022 and 2021 on net income applicable to common stockholders during the period.

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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-1 + Details
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