GOODWILL AND OTHER INTANGIBLE ASSETS, NET

6 Months Ended

Dec. 31, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

GOODWILL AND OTHER INTANGIBLE ASSETS, NET

Goodwill

Goodwill as of December 31, 2020 and June 30, 2020 is presented below:


	Americas		EMEA		APAC		Total
Gross balance at June 30, 2020	$	3,112.2	$	3,638.9	$	1,262.9	$	8,014.0
Accumulated impairments	(1,768.7)		(1,857.3)		(414.1)		(4,040.1)
Net balance at June 30, 2020	$	1,343.5	$	1,781.6	$	848.8	$	3,973.9

Changes during the period ended December 31, 2020

Measurement period adjustments (a)	(62.0)		35.9		26.1		—
Foreign currency translation	53.8		84.5		38.9		177.2


Gross balance at December 31, 2020	$	3,104.0	$	3,759.3	$	1,327.9	$	8,191.2
Accumulated impairments	(1,768.7)		(1,857.3)		(414.1)		(4,040.1)
Net balance at December 31, 2020	$	1,335.3	$	1,902.0	$	913.8	$	4,151.1

(a) Includes measurement period adjustments during the period ended December 31, 2020 in connection with the King Kylie acquisition (Refer to Note 5—Business Combinations, Asset Acquisitions and Divestitures).

Other Intangible Assets, net

Other intangible assets, net as of December 31, 2020 and June 30, 2020 are presented below:


	December 31, 2020		June 30, 2020
Indefinite-lived other intangible assets	$	1,032.3	$	995.5
Finite-lived other intangible assets, net	3,462.2		3,376.6
Total Other intangible assets, net	$	4,494.5	$	4,372.1

The changes in the carrying amount of indefinite-lived other intangible assets are presented below:


	Trademarks		Total
Gross balance at June 30, 2020	$	1,909.0	$	1,909.0
Accumulated impairments	(913.5)		(913.5)
Net balance at June 30, 2020	$	995.5	$	995.5

Changes during the period ended December 31, 2020

Foreign currency translation	36.8		36.8


Gross balance at December 31, 2020	$	1,945.8	$	1,945.8
Accumulated impairments	(913.5)		(913.5)
Net balance at December 31, 2020	$	1,032.3	$	1,032.3

Intangible assets subject to amortization are presented below:


	Cost		Accumulated Amortization		Accumulated Impairment		Net
June 30, 2020
License agreements and collaboration agreements(a)	$	3,861.2	$	(1,021.1)	$	(19.6)	$	2,820.5
Customer relationships(a)	786.1		(427.3)		(5.5)		353.3
Trademarks	325.7		(154.0)		(0.5)		171.2
Product formulations and technology	86.2		(54.6)		—		31.6
Total	$	5,059.2	$	(1,657.0)	$	(25.6)	$	3,376.6
December 31, 2020
License agreements and collaboration agreements	$	4,101.1	$	(1,157.4)	$	(19.6)	$	2,924.1
Customer relationships	810.1		(467.1)		(5.5)		337.5
Trademarks	333.5		(164.1)		(0.5)		168.9
Product formulations and technology	91.2		(59.5)		—		31.7
Total	$	5,335.9	$	(1,848.1)	$	(25.6)	$	3,462.2

(a) Includes License agreements and Customer relationships of $649.0 and $27.0, respectively resulting from the King Kylie acquisition on January 6, 2020 (Refer to Note 5—Business Combinations, Asset Acquisitions and Divestitures).

Amortization expense was $61.8 and $50.8 for the three months ended December 31, 2020 and 2019, respectively, and $127.2 and $109.1 for the six months ended December 31, 2020 and 2019, respectively.