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GOODWILL AND OTHER INTANGIBLE ASSETS, NET | 9 Months Ended
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Mar. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract] |
GOODWILL AND OTHER INTANGIBLE ASSETS, NET | GOODWILL AND OTHER INTANGIBLE ASSETS, NET Goodwill Goodwill as of March 31, 2023 and June 30, 2022 is presented below:
| Prestige |  | Consumer Beauty |  | Total
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 period ended March 31, 2023 |  |  |  |  |
Foreign currency translation | 48.1 |  |  | 11.6 |  |  | 59.7 |
Gross balance at March 31, 2023 | $ | 6,268.8 |  |  | $ | 1,745.7 |  |  | $ | 8,014.5 |
Accumulated impairments | (3,110.3) |  |  | (929.8) |  |  | (4,040.1) |
Net balance at March 31, 2023 | $ | 3,158.5 |  |  | $ | 815.9 |  |  | $ | 3,974.4 |
Other Intangible Assets, net Other intangible assets, net as of March 31, 2023 and June 30, 2022 are presented below:
| March 31, 2023 |  | June 30, 2022
Indefinite-lived other intangible assets | $ | 952.0 |  |  | $ | 936.6 |
Finite-lived other intangible assets, net | 2,901.1 |  |  | 2,966.2 |
Total Other intangible assets, net | $ | 3,853.1 |  |  | $ | 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, 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 period ended March 31, 2023 |  |  |
Foreign currency translation | 15.4 |  |  | 15.4 |
Gross balance at March 31, 2023 | $ | 1,896.9 |  |  | $ | 1,896.9 |
Accumulated impairments | (944.9) |  |  | (944.9) |
Net balance at March 31, 2023 | $ | 952.0 |  |  | $ | 952.0 |
Intangible assets subject to amortization are presented below:
| Cost |  | Accumulated Amortization |  | Accumulated Impairment |  | Net
June 30, 2022 |  |  |  |  |  |  |
License agreements 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 |
March 31, 2023 |  |  |  |  |  |  |
License agreements and collaboration agreements | $ | 3,965.2 |  |  | $ | (1,447.4) |  |  | $ | (19.6) |  |  | $ | 2,498.2 |
Customer relationships | 750.5 |  |  | (499.5) |  |  | (5.5) |  |  | 245.5 |
Trademarks | 322.6 |  |  | (187.1) |  |  | (0.5) |  |  | 135.0 |
Product formulations and technology | 85.6 |  |  | (63.2) |  |  | — |  |  | 22.4 |
Total | $ | 5,123.9 |  |  | $ | (2,197.2) |  |  | $ | (25.6) |  |  | $ | 2,901.1 |
Amortization expense was $48.2 and $50.2 for the three months ended March 31, 2023 and 2022, respectively and $143.1 and $158.6 for the nine months ended March 31, 2023 and 2022, 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 https://asc.fasb.org/topic&trid=2144416 + Details
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