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DIVESTITURES | 6 Months Ended
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Dec. 31, 2024
Discontinued Operations and Disposal Groups [Abstract] |
DIVESTITURES | DIVESTITURES Divestiture of Better Health Vitamins, Minerals and Supplements (VMS) Business On September 10, 2024, the Company completed the divestiture of its Better Health VMS business in its entirety to an affiliate of Piping Rock Health Products, LLC. The divested business includes the Natural Vitality, NeoCell, Rainbow Light and RenewLife brands, relevant trademarks and licenses, and associated manufacturing and distribution facilities in Sunrise, Florida. The transaction reflects the Company’s commitment to continue evolving its portfolio to reduce volatility and accelerate sales growth, as well as structurally improve its margin, in service of driving more consistent and profitable growth over time. The transaction was executed pursuant to a purchase agreement. As a result of the transaction, the Company recorded an after tax loss of $118 during the six months ended December 31, 2024. The major classes of assets and liabilities of the Better Health VMS business divested as of September 10, 2024 were as follows:
| Divestiture
Working capital, net | $ | 41 |
Property, plant and equipment, net | 59 |
Trademarks, net | 37 |
Other intangible assets, net | 58 |
Other assets (1) | 45 |
Other liabilities | (1) |
Net assets divested | $ | 239 |
(1) Includes net deferred tax assets of $45 The following table presents Net sales of the Better Health VMS business, which includes the financial results up to September 10, 2024, the date of sale:
| Three months ended |  | Six months ended
| 12/31/2024 |  | 12/31/2023 |  | 12/31/2024 |  | 12/31/2023
Net sales | $ | — |  |  | $ | 54 |  |  | $ | 38 |  |  | $ | 112 |
The divestiture of the Company’s Better Health VMS business does not meet the criteria to be reported as discontinued operations in the condensed consolidated financial statements as the Company’s decision to divest this business did not represent a strategic shift that will have a major effect on the Company’s operations and financial results. Divestiture of Argentina Business On March 20, 2024, the Company completed the divestiture of its Argentina business. Net sales of the Argentina business for the three and six months ended December 31, 2023 were $47 and $80, respectively. Refer to Notes to Consolidated Financial Statements in the Company’s Annual Report on Form 10-K for the year ended June 30, 2024 for further information related to the Argentina business divestiture.

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- Definition The entire disclosure related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/205-20/tableOfContent Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 360 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/360/tableOfContent + Details
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