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GOODWILL AND OTHER INTANGIBLE ASSETS, NET (Tables) | 6 Months Ended
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Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of goodwill | Goodwill as of December 31, 2024 and June 30, 2024 is presented below:
| Prestige |  | Consumer Beauty |  | Total
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 |
Changes during the period ended December 31, 2024 |  |  |  |  |
Foreign currency translation | (70.5) |  |  | (18.8) |  |  | (89.3) |
Gross balance at December 31, 2024 | $ | 6,144.1 |  |  | $ | 1,712.4 |  |  | $ | 7,856.5 |
Accumulated impairments | (3,110.3) |  |  | (929.8) |  |  | (4,040.1) |
Net balance at December 31, 2024 | $ | 3,033.8 |  |  | $ | 782.6 |  |  | $ | 3,816.4 |
Schedule of indefinite-lived intangible assets | Other intangible assets, net as of December 31, 2024 and June 30, 2024 are presented below:
| December 31, 2024 |  | June 30, 2024
Indefinite-lived other intangible assets | $ | 935.0 |  |  | $ | 944.6 |
Finite-lived other intangible assets, net | 2,483.4 |  |  | 2,621.0 |
Total Other intangible assets, net | $ | 3,418.4 |  |  | $ | 3,565.6 |
The changes in the carrying amount of indefinite-lived other intangible assets are presented below:
| Trademarks |  | Total
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 |
Changes during the period ended December 31, 2024 |  |  |
Foreign currency translation | (9.6) |  |  | (9.6) |
Gross balance at December 31, 2024 | $ | 1,879.9 |  |  | $ | 1,879.9 |
Accumulated impairments | (944.9) |  |  | (944.9) |
Net balance at December 31, 2024 | $ | 935.0 |  |  | $ | 935.0 |
Schedule of finite-lived intangible assets | Other intangible assets, net as of December 31, 2024 and June 30, 2024 are presented below:
| December 31, 2024 |  | June 30, 2024
Indefinite-lived other intangible assets | $ | 935.0 |  |  | $ | 944.6 |
Finite-lived other intangible assets, net | 2,483.4 |  |  | 2,621.0 |
Total Other intangible assets, net | $ | 3,418.4 |  |  | $ | 3,565.6 |
Intangible assets subject to amortization are presented below:
| Cost |  | Accumulated Amortization |  | Accumulated Impairment |  | Net
June 30, 2024 |  |  |  |  |  |  |
License agreements 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 |
December 31, 2024 |  |  |  |  |  |  |
License agreements and collaboration agreements | $ | 3,656.0 |  |  | $ | (1,476.3) |  |  | $ | (19.6) |  |  | $ | 2,160.1 |
Customer relationships | 731.4 |  |  | (534.1) |  |  | (5.5) |  |  | 191.8 |
Trademarks | 309.9 |  |  | (197.5) |  |  | (0.5) |  |  | 111.9 |
Product formulations and technology | 81.5 |  |  | (61.9) |  |  | — |  |  | 19.6 |
Total | $ | 4,778.8 |  |  | $ | (2,269.8) |  |  | $ | (25.6) |  |  | $ | 2,483.4 |

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