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GOODWILL AND OTHER INTANGIBLE ASSETS, NET
 3 Months Ended
Sep. 30, 2019
Goodwill and Intangible Assets Disclosure [Abstract]  
GOODWILL AND OTHER INTANGIBLE ASSETS, NET GOODWILL AND OTHER INTANGIBLE ASSETS, NET
Goodwill
Goodwill as of September 30, 2019 and June 30, 2019 is presented below:
 
Luxury
 
Consumer Beauty
 
Professional Beauty
 
Total
Gross balance at June 30, 2019
$
3,325.4

 
$
4,844.6

 
$
935.7

 
$
9,105.7

Accumulated impairments
(403.7
)
 
(3,628.2
)
 
—

 
(4,031.9
)
Net balance at June 30, 2019
$
2,921.7

 
$
1,216.4

 
$
935.7

 
$
5,073.8

 
 
 
 
 
 
 
 
Changes during the period ended September 30, 2019:
 
 
 
 
 
 
 
Disposition of business
$
—

 
$
(23.4
)
 
$
—

 
$
(23.4
)
Foreign currency translation
(67.0
)
 
(42.5
)
 
(23.6
)
 
(133.1
)
 
 
 
 
 
 
 
 
Gross balance at September 30, 2019
$
3,258.4

 
$
4,778.7

 
$
912.1

 
$
8,949.2

Accumulated impairments
(403.7
)
 
(3,628.2
)
 
—

 
(4,031.9
)
Net balance at September 30, 2019
$
2,854.7

 
$
1,150.5

 
$
912.1

 
$
4,917.3



Other Intangible Assets, net
Other intangible assets, net as of September 30, 2019 and June 30, 2019 are presented below:
 
September 30,
2019
 
June 30,
2019
Indefinite-lived other intangible assets
$
2,702.5

 
$
2,729.8

Finite-lived other intangible assets, net
4,261.3

 
4,692.5

Total Other intangible assets, net
$
6,963.8

 
$
7,422.3

            


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, 2019
$
405.8

 
$
1,693.1

 
$
1,257.8

 
$
3,356.7

Accumulated impairments
(228.4
)
 
(368.4
)
 
(30.1
)
 
(626.9
)
Net balance at June 30, 2019
$
177.4

 
$
1,324.7

 
$
1,227.7

 
$
2,729.8

 
 
 
 
 
 
 
 
Changes during the period ended September 30, 2019:
 
 
 
 
 
 
 
Foreign currency translation
$
(6.7
)
 
$
(11.3
)
 
$
(9.3
)
 
$
(27.3
)
 
 
 
 
 
 
 
 
Gross balance at September 30, 2019
$
399.1

 
$
1,681.8

 
$
1,248.5

 
$
3,329.4

Accumulated impairments
(228.4
)
 
(368.4
)
 
(30.1
)
 
(626.9
)
Net balance at September 30, 2019
$
170.7

 
$
1,313.4

 
$
1,218.4

 
$
2,702.5


Intangible assets subject to amortization are presented below:
 
Cost
 
Accumulated Amortization
 
Accumulated Impairment
 
Net
June 30, 2019
 
 
 
 
 
 
 
License agreements
$
3,245.3

 
$
(874.5
)
 
$
(19.6
)
 
$
2,351.2

Customer relationships
1,951.6

 
(642.0
)
 
(5.5
)
 
1,304.1

Trademarks
1,039.5

 
(229.4
)
 
(0.5
)
 
809.6

Product formulations and technology
354.1

 
(126.5
)
 
—

 
227.6

Total
$
6,590.5

 
$
(1,872.4
)
 
$
(25.6
)
 
$
4,692.5

September 30, 2019
 
 
 
 
 
 
 
License agreements
$
3,147.0

 
$
(893.3
)
 
$
(19.6
)
 
$
2,234.1

Customer relationships
1,720.4

 
(590.0
)
 
(5.5
)
 
1,124.9

Trademarks
911.7

 
(222.7
)
 
(0.5
)
 
688.5

Product formulations and technology
343.9

 
(130.1
)
 
—

 
213.8

Total
$
6,123.0

 
$
(1,836.1
)
 
$
(25.6
)
 
$
4,261.3


In July 2018, the Company acquired a trademark associated with a preexisting license. As a result of the acquisition, the preexisting license was effectively terminated, and accordingly the Company recorded $12.6 of Asset impairment charges in the Condensed Consolidated Statement of Operations related to the license agreement.
In September 2019, the Company divested all of its membership interest in Foundation, which holds the net assets of Younique (including goodwill of $23.4 and other intangible assets of $228.6). Refer to Note 5—Business Combinations and Divestitures.
Amortization expense was $84.3 and $92.5 for the three months ended September 30, 2019 and 2018, respectively.