GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)

6 Months Ended

Dec. 31, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of goodwill by product category and related change in the carrying amount

The following table presents goodwill by product category and the related change in the carrying amount:


(In millions)	Skin Care		Makeup		Fragrance		Hair Care		Total
Balance as of June 30, 2020
Goodwill	$	519	$	1,210	$	254	$	389	$	2,372
Accumulated impairments	(95)		(817)		(26)		(33)		(971)
	424		393		228		356		1,401

Goodwill acquired during the period	—		6		—		4		10
Impairment charges	(54)		—		—		—		(54)
Translation adjustments, goodwill	36		—		9		3		48
Translation adjustments, accumulated impairments	(2)		—		—		(2)		(4)
	(20)		6		9		5		—

Balance as of December 31, 2020
Goodwill	555		1,216		263		396		2,430
Accumulated impairments	(151)		(817)		(26)		(35)		(1,029)
	$	404	$	399	$	237	$	361	$	1,401

Schedule of other intangible assets, by type

Other intangible assets consist of the following:


	December 31, 2020						June 30, 2020
(In millions)	Gross Carrying Value		Accumulated Amortization		Total Net Book Value		Gross Carrying Value		Accumulated Amortization		Total Net Book Value
Amortizable intangible assets:
Customer lists and other	$	1,684	$	537	$	1,147	$	1,590	$	475	$	1,115
License agreements	43		43		—		43		43		—
	$	1,727	$	580	1,147		$	1,633	$	518	1,115
Non-amortizable intangible assets:
Trademarks and other					1,277						1,223
Total intangible assets					$	2,424					$	2,338

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

The estimated aggregate amortization expense for the remainder of fiscal 2021 and for each of the next four fiscal years is as follows:


	Fiscal
(In millions)	2021		2022		2023		2024		2025
Estimated aggregate amortization expense	$	52	$	105	$	104	$	104	$	104

Summary of impairment charges and carrying value of intangible assets

A summary of the impairment charges for the three and six months ended December 31, 2019 and the remaining trademark and goodwill carrying values as of December 31, 2019, for each reporting unit, are as follows:


(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