GOODWILL AND OTHER INTANGIBLE ASSETS, NET

9 Months Ended

Mar. 31, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

GOODWILL AND OTHER INTANGIBLE ASSETS, NET

GOODWILL AND OTHER INTANGIBLE ASSETS, NET

Goodwill

Goodwill as of March 31, 2024 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 March 31, 2024
Foreign currency translation	(18.1)		(4.7)		(22.8)
Gross balance at March 31, 2024	$	6,261.1	$	1,744.1	$	8,005.2
Accumulated impairments	(3,110.3)		(929.8)		(4,040.1)
Net balance at March 31, 2024	$	3,150.8	$	814.3	$	3,965.1

Other Intangible Assets, net

Other intangible assets, net as of March 31, 2024 and June 30, 2023 are presented below:

	March 31, 2024		June 30, 2023
Indefinite-lived other intangible assets	$	947.6	$	950.8
Finite-lived other intangible assets, net	2,685.0		2,847.2
Total Other intangible assets, net	$	3,632.6	$	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 March 31, 2024
Foreign currency translation	(3.2)		(3.2)
Gross balance at March 31, 2024	$	1,892.5	$	1,892.5
Accumulated impairments	(944.9)		(944.9)
Net balance at March 31, 2024	$	947.6	$	947.6

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
March 31, 2024
License agreements and collaboration agreements	$	3,734.9	$	(1,391.1)	$	(19.6)	$	2,324.2
Customer relationships	747.0		(524.0)		(5.5)		217.5
Trademarks	312.3		(189.6)		(0.5)		122.2
Product formulations and technology	84.9		(63.8)		—		21.1
Total	$	4,879.1	$	(2,168.5)	$	(25.6)	$	2,685.0

Amortization expense was $48.5 and $48.2 for the three months ended March 31, 2024 and 2023, respectively and $145.4 and $143.1 for the nine months ended March 31, 2024 and 2023, respectively.