Definite Lived Long-Lived Assets

9 Months Ended

Mar. 31, 2017

Intangible Assets Disclosure [Abstract]

Definite Lived Long-Lived Assets

DEFINITE LIVED LONG-LIVED ASSETS

The Company’s definite-lived long-lived assets include property, plant and equipment as well as other intangible assets with definite lives. Refer to Note 14 Supplemental Balance Sheet Information for details related to property, plant and equipment.

The details of other intangible assets subject to amortization as of March 31, 2017 and June 30, 2016, are as follows:

(Dollars in millions)	Weighted Average Life	Gross Carrying Value		Accumulated Amortization			Net Carrying Value
March 31, 2017
Amortized intangibles:
Core technology	18 years	$	168.3	$	(71.3	)	$	97.0
Customer relationships	14 years	251.4		(100.5		)	150.9
Product relationships	12 years	203.7		(169.0		)	34.7
Total intangible assets		$	623.4	$	(340.8	)	$	282.6

The increase in customer relationships is associated with the preliminary fair value allocation of the acquisitions of Pharmatek in September 2016 and Accucaps in February 2017.

(Dollars in millions)	Weighted Average Life	Gross Carrying Value		Accumulated Amortization			Net Carrying Value
June 30, 2016
Amortized intangibles:
Core technology	18 years	$	170.6	$	(64.9	)	$	105.7
Customer relationships	14 years	230.3		(90.9		)	139.4
Product relationships	12 years	208.6		(159.7		)	48.9
Total intangible assets		$	609.5	$	(315.5	)	$	294.0

Amortization expense was $11.0 million and $33.1 million for the three and nine months ended March 31, 2017, respectively, and $11.4 million and $35.0 million for the three and nine months ended March 31, 2016, respectively. Future amortization expense for the next five fiscal years is estimated to be:

(Dollars in millions)	Remainder   Fiscal 2017		2018		2019		2020		2021		2022
Amortization expense	$	11.1	$	44.3	$	38.8	$	25.3	$	25.3	$	25.3