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GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)
6 Months Ended
Dec. 31, 2019
GOODWILL AND OTHER INTANGIBLE ASSETS  
Schedule of goodwill by product category and related change in the carrying amount

(In millions)

    

Skin Care

    

Makeup

    

Fragrance

    

Hair Care

    

Total

 

Balance as of June 30, 2019

Goodwill

 

$

185

 

$

1,199

 

$

254

 

$

390

 

$

2,028

Accumulated impairments

 

(36)

 

(68)

 

(22)

 

(34)

 

(160)

 

149

 

1,131

 

232

 

356

 

1,868

Goodwill acquired during the period

 

556

7

563

Impairment charges

(511)

(511)

Translation adjustments, goodwill

(1)

(1)

Translation adjustments, accumulated impairments

 

1

1

 

556

(504)

52

Balance as of December 31, 2019

Goodwill

 

740

1,206

254

390

2,590

Accumulated impairments

 

(35)

(579)

(22)

(34)

(670)

 

$

705

 

$

627

 

$

232

 

$

356

 

$

1,920

Schedule of other intangible assets, by type

December 31, 2019

June 30, 2019

Gross

Total Net

Gross

Total Net

Carrying

Accumulated

Book 

Carrying

Accumulated

Book

(In millions)

    

Value

    

Amortization

    

Value

    

Value

    

Amortization

    

Value

 

Amortizable intangible assets:

Customer lists and other

 

$

1,524

 

$

389

 

$

1,135

 

$

684

 

$

369

 

$

315

License agreements

 

43

 

43

 

 

43

 

43

 

 

$

1,567

 

$

432

 

1,135

 

$

727

 

$

412

 

315

Non-amortizable intangible assets:

Trademarks

 

1,207

 

888

Total intangible assets

 

$

2,342

 

$

1,203

Estimated aggregate amortization expense for the remainder of the current fiscal year and the next four years

Fiscal

(In millions)

    

2020

    

2021

    

2022

    

2023

    

2024

 

Estimated aggregate amortization expense

 

$

53

 

$

104

 

$

103

 

$

103

 

$

101

Summary of impairment charges and remaining trademark and goodwill carrying values

(In millions)

Impairment Charge

Carrying Value

Reporting Unit:

    

Trademark

    

Goodwill

    

Trademark

    

Goodwill

Too Faced

$

211

$

430

$

314

$

175

BECCA

 

33

 

35

 

65

 

63

Smashbox

 

22

 

46

 

33

 

26

Total

$

266

$

511

$

412

$

264