GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)

9 Months Ended

Mar. 31, 2024

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	(32)		—		(1)		—		(33)
	(32)		—		(1)		—		(33)
Balance as of March 31, 2024
Goodwill	1,632		1,116		253		353		3,354
Accumulated impairments	(139)		(732)		(30)		—		(901)
	$	1,493	$	384	$	223	$	353	$	2,453

Schedule of other intangible assets, by type

Other intangible assets consist of the following:

	March 31, 2024						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	$	2,000	$	868	$	1,132	$	2,030	$	766	$	1,264
Non-amortizable intangible assets:
Trademarks					4,306						4,338
Total intangible assets					$	5,438					$	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	$	35	$	143	$	143	$	126	$	101

Summary of impairment charges and carrying value of intangible assets

A summary of the impairment charges for the three and nine months ended March 31, 2023 and the remaining trademark and goodwill carrying values as of March 31, 2023, for each reporting unit, are as follows:

		Impairment Charges								Carrying Value
(In millions)		Three Months Ended March 31, 2023				Nine Months Ended March 31, 2023				As of March 31, 2023
Reporting Unit	Geographic Region	Trademarks		Goodwill		Trademarks		Goodwill		Trademarks		Goodwill
Smashbox	The Americas	$	—	$	—	$	21	$	—	$	—	$	—
Dr.Jart+	Asia/Pacific	—		—		100		—		330		310
Too Faced	The Americas	—		—		86		—		186		13
Total		$	—	$	—	$	207	$	—	$	516	$	323