GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)

6 Months Ended

Dec. 31, 2023

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, 2023
Goodwill	$	1,664	$	1,116	$	254	$	353	$	3,387
Accumulated impairments	(139)		(732)		(30)		—		(901)
	1,525		384		224		353		2,486
Translation adjustments, goodwill	10		—		1		—		11
Translation adjustments, accumulated impairments	—		—		—		—		—
	10		—		1		—		11
Balance as of December 31, 2023
Goodwill	1,674		1,116		255		353		3,398
Accumulated impairments	(139)		(732)		(30)		—		(901)
	$	1,535	$	384	$	225	$	353	$	2,497

Schedule of other intangible assets, by type

Other intangible assets consist of the following:

	December 31, 2023						June 30, 2023
(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	$	2,051	$	845	$	1,206	$	2,030	$	766	$	1,264
Non-amortizable intangible assets:
Trademarks					4,348						4,338
Total intangible assets					$	5,554					$	5,602

Estimated aggregate amortization expense for the remainder of the current fiscal year and the next four years

The estimated aggregate amortization expense for the remainder of fiscal 2024 and for each of the next four fiscal years is as follows:

	Fiscal
(In millions)	2024		2025		2026		2027		2028
Estimated aggregate amortization expense	$	75	$	147	$	147	$	130	$	105

Summary of impairment charges and carrying value of intangible assets

A summary of the impairment charges for the three and six months ended December 31, 2022 and the remaining trademark and goodwill carrying values as of December 31, 2022, for each reporting unit, are as follows:

		Impairment Charges				Carrying Value
(In millions)		Three and Six Months Ended December 31, 2022				As of December 31, 2022
Reporting Unit	Geographic Region	Trademarks		Goodwill		Trademarks		Goodwill
Smashbox	The Americas	$	21	$	—	$	—	$	—
Dr.Jart+	Asia/Pacific	100		—		339		318
Too Faced	The Americas	86		—		186		13
Total		$	207	$	—	$	525	$	331