GOODWILL AND OTHER INTANGIBLE ASSETS, NET

6 Months Ended

Dec. 31, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

GOODWILL AND OTHER INTANGIBLE ASSETS, NET

GOODWILL AND OTHER INTANGIBLE ASSETS, NET

Goodwill

Goodwill as of December 31, 2024 and June 30, 2024 is presented below:

	Prestige		Consumer Beauty		Total
Gross balance at June 30, 2024	$	6,214.6	$	1,731.2	$	7,945.8
Accumulated impairments	(3,110.3)		(929.8)		(4,040.1)
Net balance at June 30, 2024	$	3,104.3	$	801.4	$	3,905.7
Changes during the period ended December 31, 2024
Foreign currency translation	(70.5)		(18.8)		(89.3)
Gross balance at December 31, 2024	$	6,144.1	$	1,712.4	$	7,856.5
Accumulated impairments	(3,110.3)		(929.8)		(4,040.1)
Net balance at December 31, 2024	$	3,033.8	$	782.6	$	3,816.4

Other Intangible Assets, net

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

	December 31, 2024		June 30, 2024
Indefinite-lived other intangible assets	$	935.0	$	944.6
Finite-lived other intangible assets, net	2,483.4		2,621.0
Total Other intangible assets, net	$	3,418.4	$	3,565.6

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

	Trademarks		Total
Gross balance at June 30, 2024	$	1,889.5	$	1,889.5
Accumulated impairments	(944.9)		(944.9)
Net balance at June 30, 2024	$	944.6	$	944.6
Changes during the period ended December 31, 2024
Foreign currency translation	(9.6)		(9.6)
Gross balance at December 31, 2024	$	1,879.9	$	1,879.9
Accumulated impairments	(944.9)		(944.9)
Net balance at December 31, 2024	$	935.0	$	935.0

Intangible assets subject to amortization are presented below:

	Cost		Accumulated Amortization		Accumulated Impairment		Net
June 30, 2024
License agreements and collaboration agreements	$	3,715.1	$	(1,422.5)	$	(19.6)	$	2,273.0
Customer relationships	741.8		(527.8)		(5.5)		208.5
Trademarks	311.7		(192.4)		(0.5)		118.8
Product formulations and technology	83.7		(63.0)		—		20.7
Total	$	4,852.3	$	(2,205.7)	$	(25.6)	$	2,621.0
December 31, 2024
License agreements and collaboration agreements	$	3,656.0	$	(1,476.3)	$	(19.6)	$	2,160.1
Customer relationships	731.4		(534.1)		(5.5)		191.8
Trademarks	309.9		(197.5)		(0.5)		111.9
Product formulations and technology	81.5		(61.9)		—		19.6
Total	$	4,778.8	$	(2,269.8)	$	(25.6)	$	2,483.4

Amortization expense was $47.3 and $48.3 for the three months ended December 31, 2024 and 2023, respectively and $95.4 and $96.9 for the six months ended December 31, 2024 and 2023, respectively.