GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)

9 Months Ended

Mar. 31, 2025

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, 2024
Goodwill, gross carrying amount	$	1,612	$	1,116	$	253	$	353	$	3,334
Accumulated impairments	(429)		(732)		(30)		—		(1,191)
Total goodwill	1,183		384		223		353		2,143
Impairment charges	—		(13)		—		—		(13)
Translation adjustments, goodwill	(67)		—		—		—		(67)
Translation adjustments, accumulated impairments	17		—		—		—		17
	(50)		(13)		—		—		(63)
Balance as of March 31, 2025
Goodwill, gross carrying amount	1,545		1,116		253		353		3,267
Accumulated impairments	(412)		(745)		(30)		—		(1,187)
Total goodwill	$	1,133	$	371	$	223	$	353	$	2,080

Schedule of other intangible assets, by type

Other intangible assets consist of the following:

	March 31, 2025						June 30, 2024
(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	$	1,899	$	976	$	923	$	1,971	$	895	$	1,076
Non-amortizable intangible assets:
Trademarks					3,206						4,107
Total other intangible assets, net					$	4,129					$	5,183

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 2025 and for each of the next four fiscal years is as follows:

	Fiscal
(In millions)	2025		2026		2027		2028		2029
Estimated aggregate amortization expense	$	31	$	136	$	119	$	94	$	93

Summary Of Impairment Charges And Carrying Value Of Intangible Assets And Goodwill

A summary of the impairment charges for the nine months ended March 31, 2025 and the remaining trademark and goodwill carrying values as of March 31, 2025, for the TOM FORD brand and Too Faced reporting unit, are as follows:

		Impairment Charges(1)					Carrying Value
(In millions)			Nine Months Ended March 31, 2025				As of March 31, 2025
Brand/Reporting Unit	Geographic Region		Trademark		Goodwill		Trademark(2)		Goodwill
TOM FORD	The Americas		$	773	$	—	$	1,805	$	—
Too Faced	The Americas		75		13		112		—
Total			$	848	$	13	$	1,917	$	—

(1)The date of the fair value measurement for the TOM FORD and Too Faced trademark intangible assets and Too Faced reporting unit was December 31, 2024.

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