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GOODWILL AND OTHER INTANGIBLE ASSETS, NET (Tables) | 12 Months Ended
--- | ---
Jun. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of goodwill | Goodwill as of June 30, 2023, 2022 and 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 year ended June 30, 2022 |  |  |  |  |
Foreign currency translation | (163.3) |  |  | (40.1) |  |  | (203.4) |
Gross balance at June 30, 2022 | $ | 6,220.7 |  |  | $ | 1,734.1 |  |  | $ | 7,954.8 |
Accumulated impairments | (3,110.3) |  |  | (929.8) |  |  | (4,040.1) |
Net balance at June 30, 2022 | $ | 3,110.4 |  |  | $ | 804.3 |  |  | $ | 3,914.7 |
Changes during the year ended June 30, 2023 |  |  |  |  |
Foreign currency translation | 58.5 |  |  | 14.7 |  |  | 73.2 |
Gross balance at June 30, 2023 | $ | 6,279.2 |  |  | $ | 1,748.8 |  |  | $ | 8,028.0 |
Accumulated impairments | (3,110.3) |  |  | (929.8) |  |  | (4,040.1) |
Net balance at June 30, 2023 | $ | 3,168.9 |  |  | $ | 819.0 |  |  | $ | 3,987.9 |
Schedule of indefinite-lived intangible assets | Other intangible assets, net as of June 30, 2023 and 2022 are presented below:
| June 30, 2023 |  | June 30, 2022
Indefinite-lived other intangible assets | $ | 950.8 |  |  | $ | 936.6 |
Finite-lived other intangible assets, net | 2,847.2 |  |  | 2,966.2 |
Total Other intangible assets, net | $ | 3,798.0 |  |  | $ | 3,902.8 |
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 year ended June 30, 2022 |  |  |
Impairment charges (a) | (31.4) |  |  | (31.4) |
Foreign currency translation | (50.7) |  |  | (50.7) |
Gross balance at June 30, 2022 | $ | 1,881.5 |  |  | $ | 1,881.5 |
Accumulated impairments | (944.9) |  |  | (944.9) |
Net balance at June 30, 2022 | $ | 936.6 |  |  | $ | 936.6 |
Changes during the year ended June 30, 2023 |  |  |
Foreign currency translation | 14.2 |  |  | 14.2 |
Gross balance at June 30, 2023 | $ | 1,895.7 |  |  | $ | 1,895.7 |
Accumulated impairments | $ | (944.9) |  |  | $ | (944.9) |
Net balance at June 30, 2023 | 950.8 |  |  | 950.8 |
(a) During fiscal 2022, the Company recognized asset impairment charges of $31.4 relating to the Max Factor and Bourjois trademarks.
Schedule of finite-lived intangible assets | Intangible assets with finite lives are amortized principally using the straight-line method over the following estimated useful lives:
Description | Estimated Useful Lives
License agreements | 2-34 years
Customer relationships | 2-28 years
Trademarks | 2-30 years
Product formulations and technology | 2-28 years
Other intangible assets, net as of June 30, 2023 and 2022 are presented below:
| June 30, 2023 |  | June 30, 2022
Indefinite-lived other intangible assets | $ | 950.8 |  |  | $ | 936.6 |
Finite-lived other intangible assets, net | 2,847.2 |  |  | 2,966.2 |
Total Other intangible assets, net | $ | 3,798.0 |  |  | $ | 3,902.8 |
Intangible assets subject to amortization are presented below:
| Cost |  | Accumulated Amortization |  | Accumulated Impairment |  | Net
June 30, 2022 |  |  |  |  |  |  |
License and collaboration agreements | $ | 3,861.9 |  |  | $ | (1,302.2) |  |  | $ | (19.6) |  |  | $ | 2,540.1 |
Customer relationships | 740.0 |  |  | (473.5) |  |  | (5.5) |  |  | 261.0 |
Trademarks | 320.5 |  |  | (177.1) |  |  | (0.5) |  |  | 142.9 |
Product formulations and technology | 83.9 |  |  | (61.7) |  |  | — |  |  | 22.2 |
Total | $ | 5,006.3 |  |  | $ | (2,014.5) |  |  | $ | (25.6) |  |  | $ | 2,966.2 |
June 30, 2023 |  |  |  |  |  |  |
License and collaboration agreements | $ | 3,756.2 |  |  | $ | (1,282.6) |  |  | $ | (19.6) |  |  | $ | 2,454.0 |
Customer relationships | 750.6 |  |  | (505.9) |  |  | (5.5) |  |  | 239.2 |
Trademarks | 313.0 |  |  | (180.6) |  |  | (0.5) |  |  | 131.9 |
Product formulations and technology | 85.6 |  |  | (63.5) |  |  | — |  |  | 22.1 |
Total | $ | 4,905.4 |  |  | $ | (2,032.6) |  |  | $ | (25.6) |  |  | $ | 2,847.2 |
Schedule of finite-lived intangible assets weighted average remaining lives | Intangible assets subject to amortization are amortized principally using the straight-line method and have the following weighted-average remaining lives:
Description |
License and collaboration agreements | 20.2 years
Customer relationships | 15.4 years
Trademarks | 14.9 years
Product formulations and technology | 21.3 years
Schedule of finite-lived intangible assets, future amortization expense | The estimated aggregate amortization expense for each of the following fiscal years ending June 30 is presented below:
2024 | $ | 190.0 |
2025 | 185.7 |
2026 | 154.8 |
2027 | 145.5 |
2028 | 142.1 |

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