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GOODWILL AND INTANGIBLE ASSETS
 12 Months Ended
Jun. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets Disclosure
GOODWILL AND INTANGIBLE ASSETS
The change in the net carrying amount of goodwill by reportable segment was as follows:
BeautyGroomingHealth CareFabric & Home CareBaby, Feminine & Family CareTotal Company
Balance at June 30, 2021 - Net (1)
$13,257 $13,095 $8,046 $1,873 $4,653 $40,924 
Acquisitions and divestitures781 — 1 — — 782 
Translation and other(742)(524)(458)(65)(217)(2,006)
Balance at June 30, 2022 - Net (1)
13,296 12,571 7,589 1,808 4,436 39,700 
Acquisitions and divestitures405 — — — 33 438 
Translation and other187 132 129 13 60 521 
Balance at June 30, 2023 - Net (1)
$13,888 $12,703 $7,718 $1,821 $4,529 $40,659 
(1)Grooming goodwill balance is net of $7.9 billion accumulated impairment losses.

Goodwill and indefinite-lived intangibles are tested for impairment at least annually by comparing the estimated fair values of our reporting units and indefinite-lived intangible assets to their respective carrying values. We use the income method to estimate the fair value of these assets, which is based on forecasts of the expected future cash flows attributable to the respective assets. Significant estimates and assumptions inherent in the valuations reflect a consideration of other marketplace participants and include the amount and timing of future cash flows (including expected growth rates and profitability). Significant judgement by management is required to estimate the impact of macroeconomic and other factors on future cash flows, including those related to the Russia-Ukraine War. Estimates utilized in the projected cash flows include consideration of macroeconomic conditions, overall category growth rates, competitive activities, cost containment and margin expansion, Company business plans, the underlying product or technology life cycles, economic barriers to entry, a brand's relative market position and the discount rate applied to the cash flows. Unanticipated market or macroeconomic events and circumstances may occur, which could affect the accuracy or validity of the estimates and assumptions.
We believe the estimates and assumptions utilized in our impairment testing are reasonable and are comparable to those that would be used by other marketplace participants. However, actual events and results could differ substantially from those used in our valuations. To the extent such factors result in a failure to achieve the level of projected cash flows initially used to estimate fair value for purposes of establishing or subsequently impairing the carrying amount of goodwill and related intangible assets, we may need to record additional non-cash impairment charges in the future.
Goodwill increased during fiscal 2023 primarily due to an acquisition in the Beauty segment, other minor brand acquisitions in the Baby, Feminine & Family Care segment and currency translation across all reportable segments.
Goodwill decreased during fiscal 2022 due to currency translation across all reportable segments, partially offset by three acquisitions (Farmacy Beauty, Ouai and TULA) in the Beauty reportable segment.
Identifiable intangible assets were comprised of:
20232022
As of June 30Gross Carrying AmountAccumulated
Amortization		Gross Carrying AmountAccumulated
Amortization
INTANGIBLE ASSETS WITH DETERMINABLE LIVES
Brands$4,352 $(2,540)$4,299 $(2,628)
Patents and technology2,775 (2,649)2,769 (2,609)
Customer relationships1,847 (1,039)1,797 (939)
Other73 (28)147 (97)
TOTAL$9,047 $(6,256)$9,012 $(6,273)
INTANGIBLE ASSETS WITH INDEFINITE LIVES
Brands20,992 — 20,940 — 
TOTAL INTANGIBLE ASSETS$30,039 $(6,256)$29,952 $(6,273)
Amortization expense of intangible assets was as follows:
Fiscal years ended June 30202320222021
Intangible asset amortization$327 $312 $318 

Estimated amortization expense over the next five fiscal years is as follows:
Fiscal years ending June 3020242025202620272028
Estimated amortization expense$340 $320 $297 $287 $247