GOODWILL AND OTHER INTANGIBLE ASSETS, NET (Tables)

12 Months Ended

Jun. 30, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill as of June 30, 2020, 2019 and 2018 is presented below:


	Americas		EMEA		APAC		Total
Gross balance at June 30, 2018	$	3,117.4	$	3,793.4	$	1,312.4	$	8,223.2
Accumulated impairments	(206.1)		(297.0)		(124.5)		(627.6)
Net balance at June 30, 2018	$	2,911.3	$	3,496.4	$	1,187.9	$	7,595.6

Changes during the year ended June 30, 2019
Impairment charges	(1,562.6)		(1,455.3)		(289.6)		(3,307.5)
Measurement period adjustments ^(a)	(2.2)		(4.8)		(2.7)		(9.7)

Foreign currency translation	(45.8)		(50.7)		(15.1)		(111.6)

Gross balance at June 30, 2019	$	3,069.4	$	3,737.9	$	1,294.6	$	8,101.9
Accumulated impairments	(1,768.7)		(1,752.3)		(414.1)		(3,935.1)
Net balance at June 30, 2019	$	1,300.7	$	1,985.6	$	880.5	$	4,166.8

Changes during the year ended June 30, 2020
Acquisitions ^(b)	128.6		—		—		128.6
Dispositions	(10.8)		(10.1)		(2.0)		(22.9)

Foreign currency translation	(75.0)		(88.9)		(29.7)		(193.6)
Impairment charges	—		(105.0)		—		(105.0)

Gross balance at June 30, 2020	$	3,112.2	$	3,638.9	$	1,262.9	$	8,014.0
Accumulated impairments	(1,768.7)		(1,857.3)		(414.1)		(4,040.1)
Net balance at June 30, 2020	$	1,343.5	$	1,781.6	$	848.8	$	3,973.9

^(a) Includes measurement period adjustments during the year ended June 30, 2019 in connection with the Burberry Beauty Business acquisition (Refer to Note 4—Business Combinations, Asset Acquisitions and Divestitures).

^(b)Includes goodwill resulting from the King Kylie Transaction on January 6, 2020 (Refer to Note 4—Business Combinations, Asset Acquisitions and Divestitures).

Schedule of indefinite-lived intangible assets

Other intangible assets, net as of June 30, 2020 and 2019 are presented below:


	June 30, 2020		June 30, 2019
Indefinite-lived other intangible assets	$	995.5	$	1,329.5
Finite-lived other intangible assets, net	3,376.6		3,201.8
Total Other intangible assets, net	$	4,372.1	$	4,531.3

The changes in the carrying amount of indefinite-lived other intangible assets are presented below:


	Trademarks		Total
Gross balance at June 30, 2018	$	1,932.7	$	1,932.7
Accumulated impairments	(194.7)		(194.7)
Net balance at June 30, 2018	$	1,738.0	$	1,738.0

Changes during the year ended June 30, 2019
Impairment charges	(389.8)		(389.8)

Foreign currency translation	(18.7)		(18.7)

Gross balance at June 30, 2019	$	1,914.0	$	1,914.0
Accumulated impairments	(584.5)		(584.5)
Net balance at June 30, 2019	$	1,329.5	$	1,329.5

Changes during the year ended June 30, 2020
Impairment charges	(329.0)		(329.0)
Foreign currency translation	(5.0)		(5.0)

Gross balance at June 30, 2020	$	1,909.0	$	1,909.0
Accumulated impairments	(913.5)		(913.5)
Net balance at June 30, 2020	$	995.5	$	995.5

Schedule of finite-lived intangible assets

Intangible assets with finite lives are amortized principally using the straight-line method over the following estimated useful lives:


Description			Estimated Useful Lives
License agreements			2-34 years
Customer relationships			2-28 years
Trademarks			2-30 years
Product formulations and technology			2-28 years

Other intangible assets, net as of June 30, 2020 and 2019 are presented below:


	June 30, 2020		June 30, 2019
Indefinite-lived other intangible assets	$	995.5	$	1,329.5
Finite-lived other intangible assets, net	3,376.6		3,201.8
Total Other intangible assets, net	$	4,372.1	$	4,531.3

Intangible assets subject to amortization are presented below:


	Cost		Accumulated Amortization		Accumulated Impairment		Net
June 30, 2019
License and collaboration agreements	$	3,240.2	$	(873.1)	$	(19.6)	$	2,347.5
Customer relationships	978.6		(450.2)		(5.5)		522.9
Trademarks	451.2		(157.8)		(0.5)		292.9
Product formulations and technology	100.4		(61.9)		—		38.5
Total	$	4,770.4	$	(1,543.0)	$	(25.6)	$	3,201.8
June 30, 2020
License and collaboration agreements^(a)	$	3,861.2	$	(1,021.1)	$	(19.6)	$	2,820.5
Customer relationships^(a)	786.1		(427.3)		(5.5)		353.3
Trademarks	325.7		(154.0)		(0.5)		171.2
Product formulations and technology	86.2		(54.6)		—		31.6
Total	$	5,059.2	$	(1,657.0)	$	(25.6)	$	3,376.6

^(a)Includes License agreements and Customer relationships of $649.0 and $27.0, respectively resulting from the King Kylie acquisition on January 6, 2020 (Refer to Note 4—Business Combinations, Asset Acquisitions and Divestitures).

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 and collaboration agreements			22.5 years
Customer relationships			15.6 years
Trademarks			16.9 years
Product formulations and technology			20.0 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:


2021	$	228.4
2022	186.7
2023	179.9
2024	178.1
2025	173.6