GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)

12 Months Ended

Jun. 30, 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, 2022
Goodwill	$	1,702	$	1,116	$	249	$	353	$	3,420
Accumulated impairments	(138)		(732)		(29)		—		(899)
	1,564		384		220		353		2,521
Translation adjustments, goodwill	(38)		—		5		—		(33)
Translation adjustments, accumulated impairments	(1)		—		(1)		—		(2)
	(39)		—		4		—		(35)
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
Impairment charges	(291)		—		—		—		(291)
Translation adjustments, goodwill	(52)		—		(1)		—		(53)
Translation adjustments, accumulated impairments	1		—		—		—		1
	(342)		—		(1)		—		(343)
Balance as of June 30, 2024
Goodwill	1,612		1,116		253		353		3,334
Accumulated impairments	(429)		(732)		(30)		—		(1,191)
	$	1,183	$	384	$	223	$	353	$	2,143

Schedule of other intangible assets

Other intangible assets consist of the following:

	June 30, 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	$	1,971	$	895	$	1,076	$	2,030	$	766	$	1,264
Non-amortizable intangible assets:
Trademarks					4,107						4,338
Total intangible assets					$	5,183					$	5,602

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)	2025		2026		2027		2028		2029
Estimated aggregate amortization expense	$	141	$	141	$	124	$	99	$	98

Summary of impairment charges and carrying value of intangible assets and goodwill

A summary of the impairment charges for the twelve months ended June 30, 2024 and the remaining trademark and goodwill carrying values as of June 30, 2024 are as follows:

		Impairment Charges(1)					Carrying Value
(In millions)			Twelve Months Ended June 30, 2024				As of June 30, 2024
Reporting Unit	Geographic Region		Trademark		Goodwill		Trademark(2)		Goodwill
Dr.Jart+	Asia/Pacific		$	180	$	291	$	129	$	—

(1) The date of the fair value measurement for the Dr.Jart+ reporting unit and trademark intangible asset was April 1, 2024.

(2) The carrying value of the trademark intangible asset, subsequent to the impairment charge, is equal to its fair value.

A summary of the impairment charges for the twelve months ended June 30, 2023 and the remaining trademark and goodwill carrying values as of June 30, 2023, for each reporting unit, are as follows:

		Impairment Charges(1)					Carrying Value
(In millions)			Twelve Months Ended June 30, 2023				As of June 30, 2023
Reporting Unit	Geographic Region		Trademarks		Goodwill		Trademarks(2)		Goodwill
Smashbox	The Americas		$	21	$	—	$	—	$	—
Dr.Jart+	Asia/Pacific		100		—		325		304
Too Faced	The Americas		86		—		186		13
Total			$	207	$	—	$	511	$	317

(1) The date of the fair value measurement for the Smashbox, Dr.Jart+, and Too Faced trademark intangible assets was December 31, 2022, November 30, 2022, and November 30, 2022, respectively.

(2) The carrying values of the trademark intangible assets, subsequent to the impairment charges, are equal to their fair values.

A summary of the trademark impairment charges for the three and twelve months ended June 30, 2022 and the remaining carrying values as of June 30, 2022, for each reporting unit, are as follows:

(In millions)		Impairment Charges(1)				Carrying Value(2)
Reporting Unit:	Geographic Region	Three Months Ended June 30, 2022		Twelve Months Ended June 30, 2022		As of June 30, 2022
GLAMGLOW	The Americas	$	—	$	11	$	—
Dr.Jart+	Asia/Pacific	25		230		428
Total		$	25	$	241	$	428

(1) The date of the fair value measurement for the GLAMGLOW trademark intangible asset was March 31, 2022. The dates of the fair value measurements for the Dr.Jart+ trademark intangible asset were February 28, 2022 and April 1, 2022.

(2) The carrying values of the trademark intangible assets, subsequent to the impairment charges, are equal to their fair values.