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GOODWILL AND OTHER INTANGIBLE ASSETS, NET | 9 Months Ended
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Mar. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
GOODWILL AND OTHER INTANGIBLE ASSETS, NET | GOODWILL AND OTHER INTANGIBLE ASSETS, NET Goodwill Goodwill as of March 31, 2024 and June 30, 2023 is presented below:
| Prestige |  | Consumer Beauty |  | Total
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 period ended March 31, 2024 |  |  |  |  |
Foreign currency translation | (18.1) |  |  | (4.7) |  |  | (22.8) |
Gross balance at March 31, 2024 | $ | 6,261.1 |  |  | $ | 1,744.1 |  |  | $ | 8,005.2 |
Accumulated impairments | (3,110.3) |  |  | (929.8) |  |  | (4,040.1) |
Net balance at March 31, 2024 | $ | 3,150.8 |  |  | $ | 814.3 |  |  | $ | 3,965.1 |
Other Intangible Assets, net Other intangible assets, net as of March 31, 2024 and June 30, 2023 are presented below:
| March 31, 2024 |  | June 30, 2023
Indefinite-lived other intangible assets | $ | 947.6 |  |  | $ | 950.8 |
Finite-lived other intangible assets, net | 2,685.0 |  |  | 2,847.2 |
Total Other intangible assets, net | $ | 3,632.6 |  |  | $ | 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, 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 period ended March 31, 2024 |  |  |
Foreign currency translation | (3.2) |  |  | (3.2) |
Gross balance at March 31, 2024 | $ | 1,892.5 |  |  | $ | 1,892.5 |
Accumulated impairments | (944.9) |  |  | (944.9) |
Net balance at March 31, 2024 | $ | 947.6 |  |  | $ | 947.6 |
Intangible assets subject to amortization are presented below:
| Cost |  | Accumulated Amortization |  | Accumulated Impairment |  | Net
June 30, 2023 |  |  |  |  |  |  |
License agreements 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 |
March 31, 2024 |  |  |  |  |  |  |
License agreements and collaboration agreements | $ | 3,734.9 |  |  | $ | (1,391.1) |  |  | $ | (19.6) |  |  | $ | 2,324.2 |
Customer relationships | 747.0 |  |  | (524.0) |  |  | (5.5) |  |  | 217.5 |
Trademarks | 312.3 |  |  | (189.6) |  |  | (0.5) |  |  | 122.2 |
Product formulations and technology | 84.9 |  |  | (63.8) |  |  | — |  |  | 21.1 |
Total | $ | 4,879.1 |  |  | $ | (2,168.5) |  |  | $ | (25.6) |  |  | $ | 2,685.0 |
Amortization expense was $48.5 and $48.2 for the three months ended March 31, 2024 and 2023, respectively and $145.4 and $143.1 for the nine months ended March 31, 2024 and 2023, 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 -Topic 350 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//350/tableOfContent + Details
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