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GOODWILL, TRADEMARKS AND OTHER ASSETS IMPAIRMENTS | 9 Months Ended
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Mar. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
GOODWILL, TRADEMARKS AND OTHER ASSETS IMPAIRMENTS | GOODWILL, TRADEMARKS AND OTHER ASSETS IMPAIRMENTS The Company tests its goodwill and other indefinite-lived intangible assets for impairment annually in the fiscal fourth quarter unless there are indications during a different interim period that these assets may have become impaired. Finite-lived intangible assets are reviewed for possible impairment whenever events or changes in circumstances occur that indicate that the carrying value of an asset (or asset group) may not be recoverable. There were no impairment charges for goodwill or intangible assets recorded by the Company during the three and nine months ended March 31, 2024. Fiscal Year 2023 Impairment During the third quarter of fiscal year 2023, management made a decision to narrow the focus on core brands and streamline investment levels in the Vitamins, Minerals and Supplements (VMS) business. As a result, revisions were made to the internal financial projections and operational plans of the VMS business reflecting the Company’s current estimates regarding the future financial performance of these operations and macroeconomic factors. The revised estimated future cash flows reflect lower sales growth expectations and lower investment levels. These revisions were considered a triggering event requiring interim impairment assessments to be performed as part of the preparation of the quar terly financial statements on the global indefinite-lived trademarks, other long-term assets and the VMS reporting unit. Based on the outcome of these assessments, the following pre-tax, noncash impairment charges were recorded:
| Impairment Charges
| VMS reporting unit | International reporting unit | Total
Goodwill | $ | 306 |  | $ | — |  | $ | 306 |
Trademarks, net | 127 |  | 12 |  | 139 |
Total | $ | 433 |  | $ | 12 |  | $ | 445 |
In connection with recognizing these impairment charges, the Company recognized tax benefits related to the impairments of $83 due to the partial tax deductibility of these charges. Refer to the Notes to Consolidated Financial Statements in the Company’s Annual Report on Form 10-K for the fiscal year ended June 30, 2023 for further information related to the VMS reporting unit goodwill and trademark impairments.

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 350 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//350/tableOfContent + Details
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