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GOODWILL AND OTHER INTANGIBLE ASSETS, NET (Tables) | 6 Months Ended
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Dec. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of goodwill | Goodwill as of December 31, 2021 and June 30, 2021 is presented below:
| Prestige |  | Consumer Beauty |  | Total
Gross balance at June 30, 2021 | $ | 6,384.0 |  |  | $ | 1,774.2 |  |  | $ | 8,158.2 |
Accumulated impairments | (3,110.3) |  |  | (929.8) |  |  | (4,040.1) |
Net balance at June 30, 2021 | $ | 3,273.7 |  |  | $ | 844.4 |  |  | $ | 4,118.1 |
Changes during the period ended December 31, 2021 |  |  |  |  |
Foreign currency translation | (101.2) |  |  | (26.2) |  |  | (127.4) |
Gross balance at December 31, 2021 | $ | 6,282.8 |  |  | $ | 1,748.0 |  |  | $ | 8,030.8 |
Accumulated impairments | (3,110.3) |  |  | (929.8) |  |  | (4,040.1) |
Net balance at December 31, 2021 | $ | 3,172.5 |  |  | $ | 818.2 |  |  | $ | 3,990.7 |
Schedule of indefinite-lived intangible assets | Other intangible assets, net as of December 31, 2021 and June 30, 2021 are presented below:
| December 31, 2021 |  | June 30, 2021
Indefinite-lived other intangible assets | $ | 998.3 |  |  | $ | 1,018.7 |
Finite-lived other intangible assets, net | 3,223.8 |  |  | 3,444.3 |
Total Other intangible assets, net | $ | 4,222.1 |  |  | $ | 4,463.0 |
The changes in the carrying amount of indefinite-lived other intangible assets are presented below:
| Trademarks |  | Total
Gross balance at June 30, 2021 | $ | 1,932.2 |  |  | $ | 1,932.2 |
Accumulated impairments | (913.5) |  |  | (913.5) |
Net balance at June 30, 2021 | $ | 1,018.7 |  |  | $ | 1,018.7 |
Changes during the period ended December 31, 2021 |  |  |
Foreign currency translation | (20.4) |  |  | (20.4) |
Gross balance at December 31, 2021 | $ | 1,911.8 |  |  | $ | 1,911.8 |
Accumulated impairments | (913.5) |  |  | (913.5) |
Net balance at December 31, 2021 | $ | 998.3 |  |  | $ | 998.3 |
Schedule of finite-lived intangible assets | Other intangible assets, net as of December 31, 2021 and June 30, 2021 are presented below:
| December 31, 2021 |  | June 30, 2021
Indefinite-lived other intangible assets | $ | 998.3 |  |  | $ | 1,018.7 |
Finite-lived other intangible assets, net | 3,223.8 |  |  | 3,444.3 |
Total Other intangible assets, net | $ | 4,222.1 |  |  | $ | 4,463.0 |
Intangible assets subject to amortization are presented below:
| Cost |  | Accumulated Amortization |  | Accumulated Impairment |  | Net
June 30, 2021 |  |  |  |  |  |  |
License agreements and collaboration agreements | $ | 4,192.9 |  |  | $ | (1,229.1) |  |  | $ | (19.6) |  |  | $ | 2,944.2 |
Customer relationships | 803.1 |  |  | (486.3) |  |  | (5.5) |  |  | 311.3 |
Trademarks | 330.2 |  |  | (168.7) |  |  | (0.5) |  |  | 161.0 |
Product formulations and technology | 90.2 |  |  | (62.4) |  |  | — |  |  | 27.8 |
Total | $ | 5,416.4 |  |  | $ | (1,946.5) |  |  | $ | (25.6) |  |  | $ | 3,444.3 |
December 31, 2021 |  |  |  |  |  |  |
License agreements and collaboration agreements | $ | 4,060.4 |  |  | $ | (1,276.0) |  |  | $ | (19.6) |  |  | $ | 2,764.8 |
Customer relationships | 758.6 |  |  | (470.8) |  |  | (5.5) |  |  | 282.3 |
Trademarks | 326.3 |  |  | (173.8) |  |  | (0.5) |  |  | 152.0 |
Product formulations and technology | 87.0 |  |  | (62.3) |  |  | — |  |  | 24.7 |
Total | $ | 5,232.3 |  |  | $ | (1,982.9) |  |  | $ | (25.6) |  |  | $ | 3,223.8 |

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