GOODWILL AND OTHER INTANGIBLE ASSETS, NET

9 Months Ended

Mar. 31, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

GOODWILL AND OTHER INTANGIBLE ASSETS, NET

GOODWILL AND OTHER INTANGIBLE ASSETS, NET

Goodwill

Goodwill as of March 31, 2021 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 March 31, 2021
Measurement period adjustments (a)	(62.0)		35.9		26.1		—
Foreign currency translation	13.3		25.6		13.8		52.7
Gross balance at March 31, 2021	$	3,063.5	$	3,700.4	$	1,302.8	$	8,066.7
Accumulated impairments	(1,768.7)		(1,857.3)		(414.1)		(4,040.1)
Net balance at March 31, 2021	$	1,294.8	$	1,843.1	$	888.7	$	4,026.6

(a) Includes measurement period adjustments in connection with the King Kylie acquisition (Refer to Note 5—Business Combinations, Asset Acquisitions and Divestitures).

Other Intangible Assets, net

Other intangible assets, net as of March 31, 2021 and June 30, 2020 are presented below:

	March 31, 2021		June 30, 2020
Indefinite-lived other intangible assets	$	1,011.7	$	995.5
Finite-lived other intangible assets, net	3,463.2		3,376.6
Total Other intangible assets, net	$	4,474.9	$	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 March 31, 2021
Foreign currency translation	16.2		16.2
Gross balance at March 31, 2021	$	1,925.2	$	1,925.2
Accumulated impairments	(913.5)		(913.5)
Net balance at March 31, 2021	$	1,011.7	$	1,011.7

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
March 31, 2021
License agreements and collaboration agreements(b)	$	4,147.5	$	(1,173.4)	$	(19.6)	$	2,954.5
Customer relationships	793.2		(471.2)		(5.5)		316.5
Trademarks	330.1		(166.2)		(0.5)		163.4
Product formulations and technology	87.9		(59.1)		—		28.8
Total	$	5,358.7	$	(1,869.9)	$	(25.6)	$	3,463.2

(a)Includes License and collaboration 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).

(b)Includes the KKW Collaboration Agreement of $180.6 resulting from the KKW Holdings transaction on January 4, 2021 (Refer to Note 5—Business Combinations, Asset Acquisitions and Divestitures).

Amortization expense was $62.2 and $61.6 for the three months ended March 31, 2021 and 2020, respectively, and $189.4 and $170.7 for the nine months ended March 31, 2021 and 2020, respectively.