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GOODWILL AND OTHER INTANGIBLE ASSETS, NET (Tables)
3 Months Ended
Sep. 30, 2021
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of goodwill Goodwill as of September 30, 2021 and June 30, 2021 is presented below:
PrestigeConsumer BeautyTotal
Gross balance at June 30, 2021$6,384.0 $1,774.2 $8,158.2 
Accumulated impairments(3,110.3)(929.8)(4,040.1)
Net balance at June 30, 2021$3,273.7 $844.4 $4,118.1 
Changes during the period ended September 30, 2021
Foreign currency translation (63.9)(16.8)(80.7)
Gross balance at September 30, 2021$6,320.1 $1,757.4 $8,077.5 
Accumulated impairments(3,110.3)(929.8)(4,040.1)
Net balance at September 30, 2021$3,209.8 $827.6 $4,037.4 
As described in Note 4—Segment Reporting, the Company changed its segments during the quarter ended September 30, 2021. As a result, the Company allocated goodwill to the new segments using a relative fair value approach. In addition, the Company completed an assessment of any potential goodwill impairment for all reporting units immediately prior to the reallocation and determined that no impairment existed.
Schedule of indefinite-lived intangible assets Other intangible assets, net as of September 30, 2021 and June 30, 2021 are presented below:
September 30,
2021
June 30,
2021
Indefinite-lived other intangible assets$1,008.1 $1,018.7 
Finite-lived other intangible assets, net 3,327.9 3,444.3 
Total Other intangible assets, net$4,336.0 $4,463.0 
The changes in the carrying amount of indefinite-lived other intangible assets are presented below:
TrademarksTotal
Gross balance at June 30, 2021$1,932.2 $1,932.2 
Accumulated impairments (913.5)(913.5)
Net balance at June 30, 2021$1,018.7 $1,018.7 
Changes during the period ended September 30, 2021
Foreign currency translation(10.6)(10.6)
Gross balance at September 30, 2021$1,921.6 $1,921.6 
Accumulated impairments(913.5)(913.5)
Net balance at September 30, 2021$1,008.1 $1,008.1 
Schedule of finite-lived intangible assets Other intangible assets, net as of September 30, 2021 and June 30, 2021 are presented below:
September 30,
2021
June 30,
2021
Indefinite-lived other intangible assets$1,008.1 $1,018.7 
Finite-lived other intangible assets, net 3,327.9 3,444.3 
Total Other intangible assets, net$4,336.0 $4,463.0 
Intangible assets subject to amortization are presented below:
CostAccumulated AmortizationAccumulated ImpairmentNet
June 30, 2021
License agreements and collaboration agreements$4,192.9 $(1,229.1)$(19.6)$2,944.2 
Customer relationships803.1 (486.3)(5.5)311.3 
Trademarks330.2 (168.7)(0.5)161.0 
Product formulations and technology90.2 (62.4)— 27.8 
Total$5,416.4 $(1,946.5)$(25.6)$3,444.3 
September 30, 2021
License agreements and collaboration agreements$4,124.3 $(1,251.1)$(19.6)$2,853.6 
Customer relationships765.7 (467.6)(5.5)292.6 
Trademarks327.9 (171.2)(0.5)156.2 
Product formulations and technology88.2 (62.7)— 25.5 
Total$5,306.1 $(1,952.6)$(25.6)$3,327.9