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GOODWILL AND OTHER INTANGIBLE ASSETS, NET | 9 Months Ended
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Mar. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract] |
GOODWILL AND OTHER INTANGIBLE ASSETS, NET | GOODWILL AND OTHER INTANGIBLE ASSETS, NET Goodwill Goodwill as of March 31, 2021 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 March 31, 2021 |  |  |  |  |  |  |
Measurement period adjustments (a) | (62.0) |  |  | 35.9 |  |  | 26.1 |  |  | — |
Foreign currency translation | 13.3 |  |  | 25.6 |  |  | 13.8 |  |  | 52.7 |
Gross balance at March 31, 2021 | $ | 3,063.5 |  |  | $ | 3,700.4 |  |  | $ | 1,302.8 |  |  | $ | 8,066.7 |
Accumulated impairments | (1,768.7) |  |  | (1,857.3) |  |  | (414.1) |  |  | (4,040.1) |
Net balance at March 31, 2021 | $ | 1,294.8 |  |  | $ | 1,843.1 |  |  | $ | 888.7 |  |  | $ | 4,026.6 |
(a) Includes measurement period adjustments 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 March 31, 2021 and June 30, 2020 are presented below:
| March 31, 2021 |  | June 30, 2020
Indefinite-lived other intangible assets | $ | 1,011.7 |  |  | $ | 995.5 |
Finite-lived other intangible assets, net | 3,463.2 |  |  | 3,376.6 |
Total Other intangible assets, net | $ | 4,474.9 |  |  | $ | 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 March 31, 2021 |  |  |
Foreign currency translation | 16.2 |  |  | 16.2 |
Gross balance at March 31, 2021 | $ | 1,925.2 |  |  | $ | 1,925.2 |
Accumulated impairments | (913.5) |  |  | (913.5) |
Net balance at March 31, 2021 | $ | 1,011.7 |  |  | $ | 1,011.7 |
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 |
March 31, 2021 |  |  |  |  |  |  |
License agreements and collaboration agreements(b) | $ | 4,147.5 |  |  | $ | (1,173.4) |  |  | $ | (19.6) |  |  | $ | 2,954.5 |
Customer relationships | 793.2 |  |  | (471.2) |  |  | (5.5) |  |  | 316.5 |
Trademarks | 330.1 |  |  | (166.2) |  |  | (0.5) |  |  | 163.4 |
Product formulations and technology | 87.9 |  |  | (59.1) |  |  | — |  |  | 28.8 |
Total | $ | 5,358.7 |  |  | $ | (1,869.9) |  |  | $ | (25.6) |  |  | $ | 3,463.2 |
(a)Includes License and collaboration 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). (b)Includes the KKW Collaboration Agreement of $180.6 resulting from the KKW Holdings transaction on January 4, 2021 (Refer to Note 5—Business Combinations, Asset Acquisitions and Divestitures). Amortization expense was $62.2 and $61.6 for the three months ended March 31, 2021 and 2020, respectively, and $189.4 and $170.7 for the nine months ended March 31, 2021 and 2020, respectively.

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI http://asc.fasb.org/topic&trid=2144416 + Details
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