XML 166 R22.htm IDEA: XBRL DOCUMENT v3.22.4
GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)
6 Months Ended
Dec. 31, 2022
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 CareMakeupFragranceHair CareTotal
Balance as of June 30, 2022
Goodwill
$1,702 $1,116 $249 $353 $3,420 
Accumulated impairments
(138)(732)(29)— (899)
1,564 384 220 353 2,521 
Translation and other adjustments, goodwill(50)— — (47)
Translation and other adjustments, accumulated impairments— — (1)— (1)
(50)— — (48)
Balance as of December 31, 2022
Goodwill
1,652 1,116 252 353 3,373 
Accumulated impairments
(138)(732)(30)— (900)
$1,514 $384 $222 $353 $2,473 
Schedule of other intangible assets, by type
Other intangible assets consist of the following:

December 31, 2022June 30, 2022
(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, license agreements and other$2,057 $702 $1,355 $2,064 $628 $1,436 
Non-amortizable intangible assets:
Trademarks and other1,742 1,992 
Total intangible assets
$3,097 $3,428 
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 2023 and for each of the next four fiscal years is as follows:

Fiscal
(In millions)20232024202520262027
Estimated aggregate amortization expense$75 $147 $147 $147 $130 
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, 2022 and the remaining trademark and goodwill carrying values as of December 31, 2022, for each reporting unit, are as follows:

Impairment ChargeCarrying Value
(In millions)Three and Six Months Ended December 31, 2022As of December 31, 2022
Reporting Unit:Geographic RegionTrademarksGoodwillTrademarksGoodwill
SmashboxThe Americas$21 $— $— $— 
Dr. Jart+Asia/Pacific100 — 339 318 
Too FacedThe Americas86 — 186 13 
Total$207 $— $525 $331