GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)

12 Months Ended

Jun. 30, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of goodwill by product category and related change in the carrying amount

The following table presents goodwill by product category and the related change in the carrying amount:

(In millions)	Skin Care		Makeup		Fragrance		Hair Care		Total
Balance as of June 30, 2018
Goodwill	$	185	$	1,186	$	256	$	391	$	2,018
Accumulated impairments	(36)		—		(22)		(34)		(92)
	149		1,186		234		357		1,926
Goodwill acquired during the year	—		13		—		—		13
Impairment charges	—		(68)		—		—		(68)
Translation adjustments, goodwill	—		—		(2)		(1)		(3)
	—		(55)		(2)		(1)		(58)
Balance as of June 30, 2019
Goodwill	185		1,199		254		390		2,028
Accumulated impairments	(36)		(68)		(22)		(34)		(160)
	149		1,131		232		356		1,868
Goodwill acquired during the year	346		11		—		—		357
Impairment charges	(60)		(749)		(3)		—		(812)
Translation adjustments, goodwill	(12)		—		—		(1)		(13)
Translation adjustments, accumulated impairments	1		—		(1)		1		1
	275		(738)		(4)		—		(467)
Balance as of June 30, 2020
Goodwill	519		1,210		254		389		2,372
Accumulated impairments	(95)		(817)		(26)		(33)		(971)
	$	424	$	393	$	228	$	356	$	1,401

Schedule of other intangible assets, by type

Other intangible assets consist of the following:

	June 30, 2020						June 30, 2019
(In millions)	Gross Carrying Value		Accumulated Amortization		Total Net Book Value		Gross Carrying Value		Accumulated Amortization		Total Net Book Value
Amortizable intangible assets:
Customer lists and other	$	1,590	$	475	$	1,115	$	684	$	369	$	315
License agreements	43		43		—		43		43		—
	$	1,633	$	518	1,115		$	727	$	412	315
Non-amortizable intangible assets:
Trademarks and other					1,223						888
Total intangible assets					$	2,338					$	1,203

Estimated aggregate amortization expense for the next five years

The estimated aggregate amortization expense for each of the next five fiscal years is as follows:

	Fiscal
(In millions)	2021		2022		2023		2024		2025
Estimated aggregate amortization expense	$	105	$	100	$	100	$	98	$	97

Summary of impairment charges and carrying value of intangible assets

A summary of the impairment charges for the three and twelve months ended June 30, 2020 and the remaining trademark, customer lists and goodwill carrying values as of June 30, 2020, for each reporting unit, are as follows:

		Impairment Charge
(In millions)		Three Months Ended June 30, 2020						Twelve Months Ended June 30, 2020						Carrying Value
Reporting Unit:	Product Category	Trademark		Customer Lists		Goodwill		Trademark		Customer Lists		Goodwill		Trademark		Customer Lists		Goodwill
Too Faced	Makeup	$	—	$	—	$	—	$	253	$	—	$	592	$	272	$	217	$	13
BECCA	Makeup	24		35		15		71		35		85		27		7		13
Smashbox	Makeup	—		—		—		23		—		72		32		—		—
GLAMGLOW	Skin care	5		—		8		6		—		60		57		6		54
Editions de Parfums Frédéric Malle	Fragrance	11		—		3		11		—		3		21		2		3
Total		$	40	$	35	$	26	$	364	$	35	$	812	$	409	$	232	$	83