GOODWILL AND OTHER INTANGIBLE ASSETS, NET

6 Months Ended

Dec. 31, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

GOODWILL AND OTHER INTANGIBLE ASSETS, NET

GOODWILL AND OTHER INTANGIBLE ASSETS, NET

Goodwill

Goodwill as of December 31, 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 December 31, 2023
Foreign currency translation	27.1		6.9		34.0
Gross balance at December 31, 2023	$	6,306.3	$	1,755.7	$	8,062.0
Accumulated impairments	(3,110.3)		(929.8)		(4,040.1)
Net balance at December 31, 2023	$	3,196.0	$	825.9	$	4,021.9

Other Intangible Assets, net

Other intangible assets, net as of December 31, 2023 and June 30, 2023 are presented below:

	December 31, 2023		June 30, 2023
Indefinite-lived other intangible assets	$	957.4	$	950.8
Finite-lived other intangible assets, net	2,782.1		2,847.2
Total Other intangible assets, net	$	3,739.5	$	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 December 31, 2023
Foreign currency translation	6.6		6.6
Gross balance at December 31, 2023	$	1,902.3	$	1,902.3
Accumulated impairments	(944.9)		(944.9)
Net balance at December 31, 2023	$	957.4	$	957.4

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
December 31, 2023
License agreements and collaboration agreements	$	3,798.8	$	(1,372.5)	$	(19.6)	$	2,406.7
Customer relationships	755.3		(522.4)		(5.5)		227.4
Trademarks	314.1		(187.5)		(0.5)		126.1
Product formulations and technology	86.5		(64.6)		—		21.9
Total	$	4,954.7	$	(2,147.0)	$	(25.6)	$	2,782.1

Amortization expense was $48.3 and $47.6 for the three months ended December 31, 2023 and 2022, respectively and $96.9 and $94.9 for the six months ended December 31, 2023 and 2022, respectively.