GOODWILL AND OTHER INTANGIBLE ASSETS, NET

3 Months Ended

Sep. 30, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

GOODWILL AND OTHER INTANGIBLE ASSETS, NET

GOODWILL AND OTHER INTANGIBLE ASSETS, NET

Goodwill

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

	Americas		EMEA		APAC		Total
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
Changes during the period ended September 30, 2020
Foreign currency translation	11.9		24.4		13.5		49.8
Gross balance at September 30, 2020	$	3,124.1	$	3,663.3	$	1,276.4	$	8,063.8
Accumulated impairments	(1,768.7)		(1,857.3)		(414.1)		(4,040.1)
Net balance at September 30, 2020	$	1,355.4	$	1,806.0	$	862.3	$	4,023.7

Other Intangible Assets, net

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

	September 30, 2020		June 30, 2020
Indefinite-lived other intangible assets	$	1,012.6	$	995.5
Finite-lived other intangible assets, net	3,410.9		3,376.6
Total Other intangible assets, net	$	4,423.5	$	4,372.1

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

	Trademarks		Total
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
Changes during the period ended September 30, 2020
Foreign currency translation	$	17.1	17.1
Gross balance at September 30, 2020	$	1,926.1	1,926.1
Accumulated impairments	(913.5)		(913.5)
Net balance at September 30, 2020	$	1,012.6	1,012.6

Intangible assets subject to amortization are presented below:

	Cost		Accumulated Amortization		Accumulated Impairment		Net
June 30, 2020
License agreements 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
September 30, 2020
License agreements and collaboration agreements	$	3,972.8	$	(1,080.4)	$	(19.6)	$	2,872.8
Customer relationships	795.9		(453.4)		(5.5)		337.0
Trademarks	329.4		(159.8)		(0.5)		169.1
Product formulations and technology	88.2		(56.2)		—		32.0
Total	$	5,186.3	$	(1,749.8)	$	(25.6)	$	3,410.9

(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 5—Business Combinations, Asset Acquisitions and Divestitures).

Amortization expense was $65.4 and $58.3 for the three months ended September 30, 2020 and 2019, respectively.