GOODWILL AND OTHER INTANGIBLE ASSETS, NET

3 Months Ended

Sep. 30, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

GOODWILL AND OTHER INTANGIBLE ASSETS, NET

GOODWILL AND OTHER INTANGIBLE ASSETS, NET

Goodwill

Goodwill as of September 30, 2023 and June 30, 2023 is presented below:

	Prestige		Consumer Beauty		Total
Gross balance at June 30, 2023	$	6,279.2	$	1,748.8	$	8,028.0
Accumulated impairments	(3,110.3)		(929.8)		(4,040.1)
Net balance at June 30, 2023	$	3,168.9	$	819.0	$	3,987.9
Changes during the period ended September 30, 2023
Foreign currency translation	(48.1)		(12.3)		(60.4)
Gross balance at September 30, 2023	$	6,231.1	$	1,736.5	$	7,967.6
Accumulated impairments	(3,110.3)		(929.8)		(4,040.1)
Net balance at September 30, 2023	$	3,120.8	$	806.7	$	3,927.5

Other Intangible Assets, net

Other intangible assets, net as of September 30, 2023 and June 30, 2023 are presented below:

	September 30, 2023		June 30, 2023
Indefinite-lived other intangible assets	$	940.8	$	950.8
Finite-lived other intangible assets, net	2,747.6		2,847.2
Total Other intangible assets, net	$	3,688.4	$	3,798.0

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

	Trademarks		Total
Gross balance at June 30, 2023	$	1,895.7	$	1,895.7
Accumulated impairments	(944.9)		(944.9)
Net balance at June 30, 2023	$	950.8	$	950.8
Changes during the period ended September 30, 2023
Foreign currency translation	(10.0)		(10.0)
Gross balance at September 30, 2023	$	1,885.7	$	1,885.7
Accumulated impairments	(944.9)		(944.9)
Net balance at September 30, 2023	$	940.8	$	940.8

Intangible assets subject to amortization are presented below:

	Cost		Accumulated Amortization		Accumulated Impairment		Net
June 30, 2023
License agreements and collaboration agreements	$	3,756.2	$	(1,282.6)	$	(19.6)	$	2,454.0
Customer relationships	750.6		(505.9)		(5.5)		239.2
Trademarks	313.0		(180.6)		(0.5)		131.9
Product formulations and technology	85.6		(63.5)		—		22.1
Total	$	4,905.4	$	(2,032.6)	$	(25.6)	$	2,847.2
September 30, 2023
License agreements and collaboration agreements	$	3,690.5	$	(1,301.3)	$	(19.6)	$	2,369.6
Customer relationships	742.2		(507.6)		(5.5)		229.1
Trademarks	310.9		(182.7)		(0.5)		127.7
Product formulations and technology	84.0		(62.8)		—		21.2
Total	$	4,827.6	$	(2,054.4)	$	(25.6)	$	2,747.6

Amortization expense was $48.6 and $47.3 for the three months ended September 30, 2023 and 2022, respectively.