XML 49 R36.htm IDEA: XBRL DOCUMENT v3.10.0.1
GOODWILL AND OTHER INTANGIBLE ASSETS, NET (Tables)
 6 Months Ended
Dec. 31, 2018
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of goodwill
Goodwill as of December 31, 2018 and June 30, 2018 is presented below:
 
Luxury
 
Consumer Beauty
 
Professional Beauty
 
Total
Gross balance at June 30, 2018
$
3,366.6

 
$
4,927.5

 
$
953.8

 
$
9,247.9

Accumulated impairments
(403.7
)
 
(237.1
)
 
—

 
(640.8
)
Net balance at June 30, 2018
$
2,962.9

 
$
4,690.4

 
$
953.8

 
$
8,607.1

 
 
 
 
 
 
 
 
Changes during the period ended December 31, 2018:
 
 
 
 
 
 
 
Measurement period adjustments (a)
(10.5
)
 
0.6

 
0.5

 
(9.4
)
Foreign currency translation
(30.2
)
 
(51.5
)
 
(18.5
)
 
(100.2
)
Impairment charges
—

 
(832.5
)
 
—

 
(832.5
)
 
 
 
 
 
 
 
 
Gross balance at December 31, 2018
$
3,325.9

 
$
4,876.6

 
$
935.8

 
$
9,138.3

Accumulated impairments
(403.7
)
 
(1,069.6
)
 
—

 
(1,473.3
)
Net balance at December 31, 2018
$
2,922.2

 
$
3,807.0

 
$
935.8

 
$
7,665.0

 
 

(a) Includes measurement period adjustments in connection with the Burberry Beauty Business acquisition (Refer to Note 5—Business Combinations).
Schedule of finite-lived intangible assets
Other intangible assets, net as of December 31, 2018 and June 30, 2018 are presented below:
 
December 31, 2018
 
June 30,
2018
Indefinite-lived other intangible assets
$
3,052.0

 
$
3,186.2

Finite-lived other intangible assets, net
4,877.4

 
5,098.2

Total Other intangible assets, net
$
7,929.4

 
$
8,284.4

Intangible assets subject to amortization are presented below:
 
Cost
 
Accumulated Amortization
 
Accumulated Impairment
 
Net
June 30, 2018
 
 
 
 
 
 
 
License agreements
$
3,362.7

 
$
(792.9
)
 
$
—

 
$
2,569.8

Customer relationships
1,960.5

 
(508.7
)
 
(5.5
)
 
1,446.3

Trademarks
1,002.1

 
(185.5
)
 
(0.4
)
 
816.2

Product formulations and technology
361.2

 
(95.3
)
 
—

 
265.9

Total
$
6,686.5

 
$
(1,582.4
)
 
$
(5.9
)
 
$
5,098.2

December 31, 2018
 
 
 
 
 
 
 
License agreements (a)
$
3,259.9

 
$
(810.7
)
 
$
(19.6
)
 
$
2,429.6

Customer relationships (a)
1,949.7

 
(572.0
)
 
(5.5
)
 
1,372.2

Trademarks (b)
1,040.2

 
(207.1
)
 
(0.4
)
 
832.7

Product formulations and technology
353.9

 
(111.0
)
 
—

 
242.9

Total
$
6,603.7

 
$
(1,700.8
)
 
$
(25.5
)
 
$
4,877.4

 
 
(a) Includes measurement period adjustments during the six months ended December 31, 2018 in connection with the Burberry Beauty Business acquisition (Refer to Note 5—Business Combinations).
(b) Includes an acquired trademark of $40.8.
Schedule of indefinite-lived intangible assets
Other intangible assets, net as of December 31, 2018 and June 30, 2018 are presented below:
 
December 31, 2018
 
June 30,
2018
Indefinite-lived other intangible assets
$
3,052.0

 
$
3,186.2

Finite-lived other intangible assets, net
4,877.4

 
5,098.2

Total Other intangible assets, net
$
7,929.4

 
$
8,284.4

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, 2018
$
414.6

 
$
1,703.1

 
$
1,266.3

 
$
3,384.0

Accumulated impairments
(118.8
)
 
(75.9
)
 
(3.1
)
 
(197.8
)
Net balance at June 30, 2018
295.8

 
1,627.2

 
1,263.2

 
3,186.2

 
 
 
 
 
 
 
 
Changes during the period ended December 31, 2018:
 
 
 
 
 
 
 
Foreign currency translation
(5.8
)
 
(7.1
)
 
(7.7
)
 
(20.6
)
Impairment charges
(22.8
)
 
(90.8
)
 
—

 
(113.6
)
 
 
 
 
 
 
 
 
Gross balance at December 31, 2018
408.8

 
1,696.0

 
1,258.6

 
3,363.4

Accumulated impairments
(141.6
)
 
(166.7
)
 
(3.1
)
 
(311.4
)
Net balance at December 31, 2018
$
267.2

 
$
1,529.3

 
$
1,255.5

 
$
3,052.0