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GOODWILL AND OTHER INTANGIBLE ASSETS, NET
9 Months Ended
Mar. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
GOODWILL AND OTHER INTANGIBLE ASSETS, NET GOODWILL AND OTHER INTANGIBLE ASSETS, NET
Goodwill
Goodwill as of March 31, 2023 and June 30, 2022 is presented below:
PrestigeConsumer BeautyTotal
Gross balance at June 30, 2022$6,220.7 $1,734.1 $7,954.8 
Accumulated impairments(3,110.3)(929.8)(4,040.1)
Net balance at June 30, 2022$3,110.4 $804.3 $3,914.7 
Changes during the period ended March 31, 2023
Foreign currency translation 48.1 11.6 59.7 
Gross balance at March 31, 2023$6,268.8 $1,745.7 $8,014.5 
Accumulated impairments(3,110.3)(929.8)(4,040.1)
Net balance at March 31, 2023$3,158.5 $815.9 $3,974.4 
Other Intangible Assets, net
Other intangible assets, net as of March 31, 2023 and June 30, 2022 are presented below:
March 31,
2023
June 30,
2022
Indefinite-lived other intangible assets$952.0 $936.6 
Finite-lived other intangible assets, net 2,901.1 2,966.2 
Total Other intangible assets, net$3,853.1 $3,902.8 
The changes in the carrying amount of indefinite-lived other intangible assets are presented below:
TrademarksTotal
Gross balance at June 30, 2022$1,881.5 $1,881.5 
Accumulated impairments (944.9)(944.9)
Net balance at June 30, 2022$936.6 $936.6 
Changes during the period ended March 31, 2023
Foreign currency translation15.4 15.4 
Gross balance at March 31, 2023$1,896.9 $1,896.9 
Accumulated impairments(944.9)(944.9)
Net balance at March 31, 2023$952.0 $952.0 
Intangible assets subject to amortization are presented below:
CostAccumulated AmortizationAccumulated ImpairmentNet
June 30, 2022
License agreements and collaboration agreements$3,861.9 $(1,302.2)$(19.6)$2,540.1 
Customer relationships740.0 (473.5)(5.5)261.0 
Trademarks320.5 (177.1)(0.5)142.9 
Product formulations and technology83.9 (61.7)— 22.2 
Total$5,006.3 $(2,014.5)$(25.6)$2,966.2 
March 31, 2023
License agreements and collaboration agreements$3,965.2 $(1,447.4)$(19.6)$2,498.2 
Customer relationships750.5 (499.5)(5.5)245.5 
Trademarks322.6 (187.1)(0.5)135.0 
Product formulations and technology85.6 (63.2)— 22.4 
Total$5,123.9 $(2,197.2)$(25.6)$2,901.1 
Amortization expense was $48.2 and $50.2 for the three months ended March 31, 2023 and 2022, respectively and $143.1 and $158.6 for the nine months ended March 31, 2023 and 2022, respectively.