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GOODWILL AND OTHER INTANGIBLE ASSETS, NET (Tables) | 12 Months Ended
--- | ---
Jun. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of goodwill | Goodwill as of June 30, 2024, 2023 and 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 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 |
Changes during the year ended June 30, 2024 |  |  |  |  |
Foreign currency translation | (64.6) |  |  | (17.6) |  |  | (82.2) |
Gross balance at June 30, 2024 | $ | 6,214.6 |  |  | $ | 1,731.2 |  |  | $ | 7,945.8 |
Accumulated impairments | (3,110.3) |  |  | (929.8) |  |  | (4,040.1) |
Net balance at June 30, 2024 | $ | 3,104.3 |  |  | $ | 801.4 |  |  | $ | 3,905.7 |
Schedule of indefinite-lived intangible assets | 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 |
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 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 |
Changes during the year ended June 30, 2024 |  |  |
Foreign currency translation | (6.2) |  |  | (6.2) |
Gross balance at June 30, 2024 | $ | 1,889.5 |  |  | $ | 1,889.5 |
Accumulated impairments | $ | (944.9) |  |  | $ | (944.9) |
Net balance at June 30, 2024 | 944.6 |  |  | 944.6 |
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 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 | 19.4
Customer relationships | 15.3
Trademarks | 14.4
Product formulations and technology | 20.3
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:
2025 | $ | 189.0 |
2026 | 158.0 |
2027 | 148.5 |
2028 | 145.0 |
2029 | 142.8 |

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