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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables) | 12 Months Ended
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Jun. 30, 2024
Accounting Policies [Abstract] |
Schedule of property and equipment, net | Depreciation and amortization are computed principally using the straight-line method over the following estimated useful lives:
Description | Estimated Useful Lives
Buildings | 20-40 years
Marketing furniture and fixtures | 3-5 years
Machinery and equipment | 2-15 years
Computer equipment and software | 2-5 years
Property and equipment under finance leases and leasehold improvements | Lesser of lease term or economic life
Property and equipment, net as of June 30, 2024 and 2023 are presented below:
| June 30, 2024 |  | June 30, 2023
Land, buildings and leasehold improvements | $ | 428.6 |  |  | $ | 432.1 |
Machinery and equipment | 694.0 |  |  | 676.4 |
Marketing furniture and fixtures | 568.4 |  |  | 531.8 |
Computer equipment and software | 776.0 |  |  | 751.5 |
Construction in progress | 110.0 |  |  | 81.6 |
Property and equipment, gross | 2,577.0 |  |  | 2,473.4 |
Accumulated depreciation and amortization | (1,858.1) |  |  | (1,760.5) |
Property and equipment, net | $ | 718.9 |  |  | $ | 712.9 |
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, 2024 and 2023 are presented below:
| June 30, 2024 |  | June 30, 2023
Indefinite-lived other intangible assets | $ | 944.6 |  |  | $ | 950.8 |
Finite-lived other intangible assets, net | 2,621.0 |  |  | 2,847.2 |
Total Other intangible assets, net | $ | 3,565.6 |  |  | $ | 3,798.0 |
Intangible assets subject to amortization are presented below:
| Cost |  | Accumulated Amortization |  | Accumulated Impairment |  | Net
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 |
June 30, 2024 |  |  |  |  |  |  |
License and collaboration agreements | $ | 3,715.1 |  |  | $ | (1,422.5) |  |  | $ | (19.6) |  |  | $ | 2,273.0 |
Customer relationships | 741.8 |  |  | (527.8) |  |  | (5.5) |  |  | 208.5 |
Trademarks | 311.7 |  |  | (192.4) |  |  | (0.5) |  |  | 118.8 |
Product formulations and technology | 83.7 |  |  | (63.0) |  |  | — |  |  | 20.7 |
Total | $ | 4,852.3 |  |  | $ | (2,205.7) |  |  | $ | (25.6) |  |  | $ | 2,621.0 |
Schedule of recently issued and not yet adopted accounting pronouncements | Recently Issued and Not Yet Adopted Accounting Pronouncements
Accounting Standard Update(s) |  | Topic |  | Effective Period |  | Summary
2023-09 |  | Income Taxes (Topic 740) - Improvements to Income Tax Disclosures |  | Fiscal 2026 |  | The FASB issued ASU No. 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures, which expands income tax disclosure requirements to include additional information related to the rate reconciliation of our effective tax rates to statutory rates, as well as additional disaggregation of taxes paid. The amendments in the ASU also remove disclosures related to certain unrecognized tax benefits and deferred taxes. ASU 2023-09 is effective for the Company in fiscal 2026. The amendments may be applied prospectively or retrospectively, and early adoption is permitted. The Company will adopt the standard and make the additional required disclosures beginning in the first quarter of fiscal 2026.
2023-07 |  | Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures |  | Fiscal 2025 |  | The FASB issued ASU No. 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures, which expands reportable segment disclosure requirements, primarily through enhanced disclosures about significant segment expenses. The amendments in the ASU require that a public entity discloses, on an annual and interim basis, significant segment expenses that are regularly provided to an entity's chief operating decision maker ("CODM"), a description of other segment items by reportable segment, and any additional measures of a segment's profit or loss used by the CODM when deciding how to allocate resources. Annual disclosures are required for the Company in fiscal 2025. Interim disclosures are required for periods within fiscal years beginning in the first quarter of fiscal 2026. Retrospective application is required for all prior periods presented, and early adoption is permitted. The Company will adopt the standard and make the additional required disclosures beginning in the fourth quarter of fiscal 2025.

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