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GOODWILL AND OTHER INTANGIBLE ASSETS, NET
 9 Months Ended
Mar. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
GOODWILL AND OTHER INTANGIBLE ASSETS, NET GOODWILL AND OTHER INTANGIBLE ASSETS, NET
Assessment for Impairments
The Company tests goodwill and indefinite-lived intangible assets for impairment at least annually as of May 1, or more frequently, if certain events or circumstances warrant. At this time, the Company does not believe a triggering event for an interim impairment test was warranted based on its qualitative assessments. As such, there were no impairments of goodwill at the Company's reporting units as of March 31, 2025.
During the third quarter of fiscal 2025, the Company concluded that weakening demand in the color cosmetics market, particularly in the United States and Europe, combined with broader macroeconomic disruptions, signaled a deterioration in
business climate. As a result, the Company determined that an interim impairment measurement for certain other intangible assets was warranted as of March 31, 2025.
For the three and nine months ended March 31, 2025, the Company recognized asset impairment charges of $84.0, $61.0, and $24.9 related to the Max Factor, CoverGirl and Bourjois trademarks within the Consumer Beauty Segment and $42.9 related to the Philosophy trademark within the Prestige Segment. These impairments are recorded as Asset impairment charges in the Condensed Consolidated Statements of Operations.
Goodwill
Goodwill as of March 31, 2025 and June 30, 2024 is presented below:
PrestigeConsumer BeautyTotal
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 March 31, 2025
Foreign currency translation (1.2)(1.0)(2.2)
Gross balance at March 31, 2025$6,213.4 $1,730.2 $7,943.6 
Accumulated impairments(3,110.3)(929.8)(4,040.1)
Net balance at March 31, 2025$3,103.1 $800.4 $3,903.5 
Other Intangible Assets, net
Other intangible assets, net as of March 31, 2025 and June 30, 2024 are presented below:
March 31,
2025		June 30,
2024
Indefinite-lived other intangible assets$736.5 $944.6 
Finite-lived other intangible assets, net 2,362.5 2,621.0 
Total Other intangible assets, net$3,099.0 $3,565.6 
The changes in the carrying amount of indefinite-lived other intangible assets are presented below:
TrademarksTotal
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 March 31, 2025
Foreign currency translation4.7 4.7 
Impairment charges(212.8)(212.8)
Gross balance at March 31, 2025$1,894.2 $1,894.2 
Accumulated impairments(1,157.7)(1,157.7)
Net balance at March 31, 2025$736.5 $736.5 
Intangible assets subject to amortization are presented below:
CostAccumulated AmortizationAccumulated ImpairmentNet
June 30, 2024
License agreements and collaboration agreements$3,715.1 $(1,422.5)$(19.6)$2,273.0 
Customer relationships741.8 (527.8)(5.5)208.5 
Trademarks311.7 (192.4)(0.5)118.8 
Product formulations and technology83.7 (63.0)— 20.7 
Total$4,852.3 $(2,205.7)$(25.6)$2,621.0 
March 31, 2025
License agreements and collaboration agreements*$3,569.9 $(1,508.4)$(19.6)$2,041.9 
Customer relationships743.5 (547.6)(5.5)190.4 
Trademarks312.6 (202.1)(0.5)110.0 
Product formulations and technology83.8 (63.6)— 20.2 
Total$4,709.8 $(2,321.7)$(25.6)$2,362.5 
* On March 21, 2025, the KKW Collaboration Agreement was terminated pursuant to the KKW Sale Agreement. As such, the Company derecognized the remaining KKW Collaboration Agreement carrying amount of $142.5 as of the termination date.
Amortization expense was $45.9 and $48.5 for the three months ended March 31, 2025 and 2024, respectively and $141.3 and $145.4 for the nine months ended March 31, 2025 and 2024, respectively.