GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)

6 Months Ended

Dec. 31, 2016

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, 2016
Goodwill	$	184		$	460	$	255		$	393		$	1,292
Accumulated impairments	(29		)	—		—			(35		)	(64		)
	155			460		255			358			1,228
Goodwill acquired during the period	—			718		—			—			718
Translation adjustments	—			—		(7		)	(1		)	(8		)
	—			718		(7		)	(1		)	710
Balance as of December 31, 2016
Goodwill	183			1,178		248			391			2,000
Accumulated impairments	(28		)	—		—			(34		)	(62		)
	$	155		$	1,178	$	248		$	357		$	1,938

Other intangible assets, by type

	December 31, 2016						June 30, 2016
(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	$	693	$	253	$	440	$	299	$	245	$	54
License agreements	43		43		—		43		43		—
	$	736	$	296	440		$	342	$	288	54
Non-amortizable intangible assets:
Trademarks and other					909						290
Total intangible assets					$	1,349					$	344