XML 58 R38.htm IDEA: XBRL DOCUMENT v3.7.0.1
GOODWILL AND OTHER INTANGIBLE ASSETS, NET (Tables)
 9 Months Ended
Mar. 31, 2017
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of goodwill
Goodwill as of March 31, 2017 and June 30, 2016 is presented below:
 
Luxury
 
Consumer Beauty
 
Professional Beauty
 
Total
Gross balance at June 30, 2016
$
1,294.5

 
$
1,288.2

 
$
270.8

 
$
2,853.5

Accumulated impairments
(403.7
)
 
(237.1
)
 
—

 
(640.8
)
Net balance at June 30, 2016
$
890.8

 
$
1,051.1

 
$
270.8

 
$
2,212.7

 
 
 
 
 
 
 
 
Changes during the period ended March 31, 2017:
 
 
 
 
 
 
 
     Measurement Period Adjustments (a)
4.2

 
33.4

 
(1.4
)
 
36.2

     Acquisitions (b)
347.4

 
4,786.0

 
683.4

 
5,816.8

     Foreign currency translation
4.8

 
37.0

 
4.3

 
46.1

 
 
 
 
 
 
 
 
Gross balance at March 31, 2017
$
1,650.9

 
$
6,144.6

 
$
957.1

 
$
8,752.6

Accumulated impairments
(403.7
)
 
(237.1
)
 
—

 
(640.8
)
Net balance at March 31, 2017
$
1,247.2

 
$
5,907.5

 
$
957.1

 
$
8,111.8

 
 
(a) Includes measurement period adjustments in connection with the Brazil Acquisition, P&G Beauty Business and ghd acquisitions (Refer to Note 3 — Business Combinations).
(b) Includes goodwill resulting from the P&G Beauty Business, ghd and Younique acquisitions during the nine months ended March 31, 2017 (Refer to Note 3 — Business Combinations)
Schedule of indefinite-lived intangible assets
The changes in the carrying amount of indefinite-lived other intangible assets are presented below:
 
Luxury
 
Consumer Beauty
 
Professional Beauty
 
Total
Gross balance at June 30, 2016
$
401.2

 
$
551.5

 
$
662.1

 
$
1,614.8

Accumulated impairments
(118.8
)
 
(75.9
)
 
(3.1
)
 
(197.8
)
Net balance at June 30, 2016
282.4

 
475.6

 
659.0

 
1,417.0

 
 
 
 
 
 
 
 
Changes during the period ended March 31, 2017:
 
 
 
 
 
 
 
Acquisitions (a)
—

 
1,390.0

 
663.8

 
2,053.8

Foreign currency translation
(10.9
)
 
(14.2
)
 
(2.9
)
 
(28.0
)
 
 
 
 
 
 
 
 
Gross balance at March 31, 2017
390.3

 
1,927.3

 
1,323.0

 
3,640.6

Accumulated impairments
(118.8
)
 
(75.9
)
 
(3.1
)
 
(197.8
)
Net balance at March 31, 2017
$
271.5

 
$
1,851.4

 
$
1,319.9

 
$
3,442.8


 
 

(a) Includes Indefinite-lived other intangible assets resulting from the P&G Beauty Business and ghd acquisitions during the nine months ended March 31, 2017 (Refer to Note 3 — Business Combinations).
Other intangible assets, net as of March 31, 2017 and June 30, 2016 are presented below:
 
March 31, 2017
 
June 30, 2016
Indefinite-lived other intangible assets
$
3,442.8

 
$
1,417.0

Finite-lived other intangible assets, net
5,526.0

 
633.1

Total Other intangible assets, net
$
8,968.8

 
$
2,050.1
Schedule of finite-lived intangible assets
Intangible assets subject to amortization are presented below:
 
Cost
 
Accumulated Amortization
 
Accumulated Impairment
 
Net
June 30, 2016
 
 
 
 
 
 
 
License agreements
$
798.3

 
$
(532.2
)
 
$
—

 
$
266.1

Customer relationships
611.7

 
(274.2
)
 
(5.5
)
 
332.0

Trademarks
128.3

 
(108.6
)
 
—

 
19.7

Product formulations
48.0

 
(32.7
)
 
—

 
15.3

Total
$
1,586.3

 
$
(947.7
)
 
$
(5.5
)
 
$
633.1

March 31, 2017
 
 
 
 
 
 
 
License agreements (a)
$
2,542.7

 
$
(585.5
)
 
$
—

 
$
1,957.2

Customer relationships (a)
2,633.5

 
(389.4
)
 
(5.5
)
 
2,238.6

Trademarks (a)
1,133.0

 
(131.2
)
 
—

 
1,001.8

Product formulations and technology(a)
380.6

 
(52.2
)
 
—

 
328.4

Total
$
6,689.8

 
$
(1,158.3
)
 
$
(5.5
)
 
$
5,526.0

 
 
(a) Includes License agreements, Customer relationships, Trademarks, and Product formulations and technology of $1,837.0, $2,027.7, $1,005.7 and $331.0, respectively resulting from the P&G Beauty Business, ghd and Younique acquisitions during the nine months ended March 31, 2017 (Refer to Note 3 — Business Combinations)
Other intangible assets, net as of March 31, 2017 and June 30, 2016 are presented below:
 
March 31, 2017
 
June 30, 2016
Indefinite-lived other intangible assets
$
3,442.8

 
$
1,417.0

Finite-lived other intangible assets, net
5,526.0

 
633.1

Total Other intangible assets, net
$
8,968.8

 
$
2,050.1
Schedule of finite-lived intangible assets weighted average remaining lives
Intangible assets subject to amortization are amortized principally using the straight-line method and have the following weighted-average remaining lives:
Description
 
License agreements
25.9 years
Customer relationships
13.5 years
Trademarks
23.5 years
Product formulations and technology
11.1 years
Schedule of finite-lived intangible assets, future amortization expense
The estimated aggregate amortization expense for each of the following fiscal years ending June 30 is presented below:
2017, remaining
$
104.4

2018
403.3

2019
359.9

2020
354.7

2021
346.0

2022
329.0