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GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)
12 Months Ended
Jun. 30, 2013
GOODWILL AND OTHER INTANGIBLE ASSETS  
Schedule of goodwill by product category and related change in the carrying amount

(In millions)

 

Skin
Care

 

Makeup

 

Fragrance

 

Hair
Care

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance as of June 30, 2011

 

 

 

 

 

 

 

 

 

 

 

Goodwill

 

$

70.4

 

$

412.6

 

$

55.0

 

$

406.9

 

$

944.9

 

Accumulated impairments

 

(24.4

)

 

 

(43.2

)

(67.6

)

 

 

46.0

 

412.6

 

55.0

 

363.7

 

877.3

 

 

 

 

 

 

 

 

 

 

 

 

 

Goodwill acquired during the year

 

 

8.8

 

 

 

8.8

 

Translation and other adjustments

 

(1.5

)

(0.3

)

(0.2

)

(1.5

)

(3.5

)

 

 

(1.5

)

8.5

 

(0.2

)

(1.5

)

5.3

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance as of June 30, 2012

 

 

 

 

 

 

 

 

 

 

 

Goodwill

 

68.1

 

421.1

 

54.8

 

403.4

 

947.4

 

Accumulated impairments

 

(23.6

)

 

 

(41.2

)

(64.8

)

 

 

44.5

 

421.1

 

54.8

 

362.2

 

882.6

 

 

 

 

 

 

 

 

 

 

 

 

 

Goodwill acquired during the year

 

 

9.2

 

 

 

9.2

 

Impairment charges

 

(9.6

)

 

 

 

(9.6

)

Translation and other adjustments

 

0.3

 

0.1

 

 

(1.1

)

(0.7

)

 

 

(9.3

)

9.3

 

 

(1.1

)

(1.1

)

 

 

 

 

 

 

 

 

 

 

 

 

Balance as of June 30, 2013

 

 

 

 

 

 

 

 

 

 

 

Goodwill

 

67.7

 

430.4

 

54.8

 

401.6

 

954.5

 

Accumulated impairments

 

(32.5

)

 

 

(40.5

)

(73.0

)

 

 

$

35.2

 

$

430.4

 

$

54.8

 

$

361.1

 

$

881.5

 

Other intangible assets, by type

 

 

June 30, 2013

 

June 30, 2012

 

(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

 

$

268.0

 

$

204.1

 

$

63.9

 

$

268.4

 

$

191.9

 

$

76.5

 

License agreements

 

43.0

 

43.0

 

 

43.0

 

43.0

 

 

 

 

$

311.0

 

$

247.1

 

63.9

 

$

311.4

 

$

234.9

 

76.5

 

Non-amortizable intangible assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

Trademarks and other

 

 

 

 

 

105.7

 

 

 

 

 

113.6

 

Total intangible assets

 

 

 

 

 

$

169.6

 

 

 

 

 

$

190.1

 

Estimated aggregate amortization expense for next five years

 

 

Fiscal

 

(In millions)

 

2014

 

2015

 

2016

 

2017

 

2018

 

 

 

 

 

 

 

 

 

 

 

 

 

Estimated aggregate amortization expense

 

$

12.4

 

$

12.1

 

$

12.0

 

$

9.9

 

$

8.4