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GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)
12 Months Ended
Jun. 30, 2025
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, 2023     
Goodwill$1,664$1,116$254$353$3,387
Accumulated impairments(139)(732)(30)(901)
 1,5253842243532,486
Impairment charges(291)(291)
Translation adjustments, goodwill(52)(1)(53)
Translation adjustments, accumulated impairments11
 (342)(1)(343)
Balance as of June 30, 2024
Goodwill1,6121,1162533533,334
Accumulated impairments(429)(732)(30)(1,191)
 1,1833842233532,143
Impairment charges(13)(13)
Translation adjustments, goodwill4711
Translation adjustments, accumulated impairments(6)(6)
 (2)(13)7(8)
Balance as of June 30, 2025
Goodwill1,6161,1162603533,345
Accumulated impairments(435)(745)(30)(1,210)
    Total goodwill
$1,181$371$230$353$2,135
Schedule of other intangible assets
Other intangible assets consist of the following:
June 30, 2025June 30, 2024
(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$1,984 $1,348 $636 $1,971 $895 $1,076 
Non-amortizable intangible assets:
Trademarks3,123 4,107 
Total other intangible assets, net
$3,759 $5,183 
Estimated aggregate amortization expense for the next five years The estimated aggregate amortization expense for each of the next five fiscal years is as follows:
 Fiscal
(In millions)20262027202820292030
Estimated aggregate amortization expense$107 $90 $73 $71 $69 
Summary of impairment charges and carrying value of intangible assets and goodwill
A summary of the impairment charges for the three and twelve months ended June 30, 2025 and the remaining trademark, customer list and goodwill carrying values as of June 30, 2025, for the TOM FORD brand and the Too Faced and Dr.Jart+ reporting units, are as follows:
Impairment Charges(1)
Carrying Value
(In millions)
Three Months Ended
June 30, 2025
Twelve Months Ended
June 30, 2025
As of June 30, 2025
Brand/Reporting UnitGeographic RegionTrademark
Customer List
GoodwillTrademark
Customer List
Goodwill
Trademark(2)
Customer List
Goodwill
TOM FORDThe Americas$— $— $— $773 $— $— $1,805 $— $— 
Too FacedThe Americas50 — — 125 — 13 62 50 — 
Dr.Jart+(3)
Asia/Pacific
83 292 — 83 292 — 42 189 — 
Total$133 $292 $— $981 $292 $13 $1,909 $239 $— 
(1)The date of the fair value measurement for the TOM FORD trademark intangible asset was December 31, 2024. The dates of the fair value measurement for the Too Faced trademark intangible asset and Too Faced reporting unit were December 31, 2024 and April 1, 2025. The date of the fair value measurement for the Dr. Jart+ trademark intangible asset and asset group was April 1, 2025.
(2)The carrying values of the trademark intangible assets, immediately subsequent to the impairment charges, are equal to their estimated fair values.
(3)The carrying value of the Dr.Jart+ asset group, immediately subsequent to the customer list impairment charge, was equal to its estimated fair value.
A summary of the impairment charges for the twelve months ended June 30, 2024 and the remaining trademark and goodwill carrying values as of June 30, 2024 are as follows:

Impairment Charges(1)
Carrying Value
(In millions)
Twelve Months Ended
June 30, 2024
As of June 30, 2024
Reporting Unit
Geographic Region
Trademark
Goodwill
Trademark(2)
Goodwill
Dr.Jart+
Asia/Pacific
$180 $291 $129 $— 
(1) The date of the fair value measurement for the Dr.Jart+ reporting unit and trademark intangible asset was April 1, 2024.
(2) The carrying value of the trademark intangible asset, immediately subsequent to the impairment charge, is equal to its estimated fair value.
A summary of the impairment charges for the twelve months ended June 30, 2023 and the remaining trademark and goodwill carrying values as of June 30, 2023, for each reporting unit, are as follows:
Impairment Charges(1)
Carrying Value
(In millions)Twelve Months Ended
June 30, 2023
As of June 30, 2023
Reporting UnitGeographic RegionTrademarksGoodwill
Trademarks(2)
Goodwill
SmashboxThe Americas$21 $— $— $— 
Dr.Jart+Asia/Pacific100 — 325 304 
Too FacedThe Americas86 — 186 13 
Total$207 $— $511 $317 
(1) The date of the fair value measurement for the Smashbox, Dr.Jart+, and Too Faced trademark intangible assets was December 31, 2022, November 30, 2022, and November 30, 2022, respectively.
(2) The carrying values of the trademark intangible assets, immediately subsequent to the impairment charges, are equal to their estimated fair values.