GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)

12 Months Ended

Jun. 30, 2018

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 year	—			716		—			—			716
Impairment charges	(6		)	—		(22		)	—			(28		)
	(6		)	716		(22		)	—			688
Balance as of June 30, 2017
Goodwill	184			1,176		255			393			2,008
Accumulated impairments	(35		)	—		(22		)	(35		)	(92		)
	149			1,176		233			358			1,916
Goodwill acquired during the year(1)	—			10		—			—			10
Translation adjustments, goodwill	1			—		1			(2		)	—
Translation adjustments, accumulated impairments	(1		)	—		—			1			—
	—			10		1			(1		)	10
Balance as of June 30, 2018
Goodwill	185			1,186		256			391			2,018
Accumulated impairments	(36		)	—		(22		)	(34		)	(92		)
	$	149		$	1,186	$	234		$	357		$	1,926

(1)Includes remeasurement adjustment relating to the acquisition of Too Faced.

Schedule of other intangible assets, by type

	June 30, 2018						June 30, 2017
(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	$	697	$	332	$	365	$	696	$	279	$	417
License agreements	43		43		—		43		43		—
	$	740	$	375	365		$	739	$	322	417
Non-amortizable intangible assets:
Trademarks and other					911						910
Total intangible assets					$	1,276					$	1,327

Estimated aggregate amortization expense for next five years

	Fiscal
(In millions)	2019		2020		2021		2022		2023
Estimated aggregate amortization expense	$	51	$	44	$	43	$	42	$	42