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GOODWILL AND OTHER INTANGIBLE ASSETS, NET
 12 Months Ended
Jun. 30, 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 other intangible assets for impairment at least annually as of May 1, or more frequently, if certain events or circumstances warrant. During fiscal years 2025, 2024, and 2023, the Company recorded no impairments of goodwill at the Company’s reporting units. During fiscal years 2025, 2024, and 2023, the Company recorded total impairments of $212.8, nil and nil, respectively, on indefinite-lived other intangible assets. Additionally, the Company recorded no impairments on finite-lived other intangible assets during fiscal years 2025, 2024, and 2023.
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 of these adverse factors, during the third quarter of fiscal 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 were recorded as Asset impairment charges in the Consolidated Statements of Operations.
Goodwill
Goodwill as of June 30, 2025, 2024 and 2023 is presented below:
PrestigeConsumer BeautyTotal
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 year ended June 30, 2024
Foreign currency translation(64.6)(17.6)(82.2)
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 year ended June 30, 2025
Foreign currency translation125.5 31.0 156.5 
Gross balance at June 30, 20256,340.1 1,762.2 8,102.3 
Accumulated impairments(3,110.3)(929.8)(4,040.1)
Net balance at June 30, 2025$3,229.8 $832.4 $4,062.2 
Other Intangible Assets, net
    Other intangible assets, net as of June 30, 2025 and 2024 are presented below:
June 30,
2025		June 30,
2024
Indefinite-lived other intangible assets $761.0 $944.6 
Finite-lived other intangible assets, net 2,453.8 2,621.0 
Total Other intangible assets, net$3,214.8 $3,565.6 
The changes in the carrying amount of indefinite-lived other intangible assets are presented below:
TrademarksTotal
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 year ended June 30, 2024
Foreign currency translation(6.2)(6.2)
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 year ended June 30, 2025
Impairment charges
(212.8)(212.8)
Foreign currency translation29.2 29.2 
Gross balance at June 30, 2025$1,918.7 $1,918.7 
Accumulated impairments
(1,157.7)(1,157.7)
Net balance at June 30, 2025761.0 761.0 

Intangible assets subject to amortization are presented below:
CostAccumulated AmortizationAccumulated ImpairmentNet
June 30, 2024
License 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 
June 30, 2025
License and collaboration agreements*$3,765.8 $(1,614.9)$(19.6)$2,131.3 
Customer relationships766.0 (568.9)(5.5)191.6 
Trademarks
318.2 (208.4)(0.5)109.3 
Product formulations and technology87.8 (66.2)— 21.6 
Total$4,937.8 $(2,458.4)$(25.6)$2,453.8 

* 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 totaled $186.9, $193.4 and $191.8 for the fiscal years ended June 30, 2025, 2024 and 2023, respectively.
Intangible assets subject to amortization are amortized principally using the straight-line method and have the following weighted-average remaining lives:
Description 
License and collaboration agreements20.2
Customer relationships15.2
Trademarks13.8
Product formulations and technology19.3
As of June 30, 2025, the remaining weighted-average life of all intangible assets subject to amortization is 19.5 years.
The estimated aggregate amortization expense for each of the following fiscal years ending June 30 is presented below:
2026$149.4 
2027139.8 
2028136.3 
2029134.2 
2030130.5 
License Agreements
The Company records assets for license agreements (“licenses”) acquired in transactions accounted for as business combinations. These licenses provide the Company with the exclusive right to manufacture and market on a worldwide and/or regional basis, certain of the Company’s products which comprise a significant portion of the Company’s revenues. These licenses have initial terms covering various periods. Certain brand licenses provide for automatic extensions ranging from 2 to 10 year terms, at the Company’s discretion.