GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)

6 Months Ended

Dec. 31, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of goodwill by product category and related change in the carrying amount

The following table presents goodwill by product category and the related change in the carrying amount:

(In millions)	Skin Care		Makeup		Fragrance		Hair Care		Total
Balance as of June 30, 2021
Goodwill	$	1,786	$	1,214	$	262	$	355	$	3,617
Accumulated impairments	(141)		(830)		(30)		—		(1,001)
	1,645		384		232		355		2,616
Goodwill measurement period adjustment	12		—		—		—		12
Translation adjustments, goodwill	(52)		—		(5)		—		(57)
Translation adjustments, accumulated impairments	1		—		—		—		1
	(39)		—		(5)		—		(44)
Balance as of December 31, 2021
Goodwill	1,746		1,214		257		355		3,572
Accumulated impairments	(140)		(830)		(30)		—		(1,000)
	$	1,606	$	384	$	227	$	355	$	2,572

Schedule of other intangible assets, by type

Other intangible assets consist of the following:

	December 31, 2021						June 30, 2021
(In millions)	Gross Carrying Value		Accumulated Amortization		Total Net Book Value		Gross Carrying Value		Accumulated Amortization		Total Net Book Value
Amortizable intangible assets:
Customer lists and other	$	2,208	$	622	$	1,586	$	2,273	$	544	$	1,729
License agreements	43		43		—		43		43		—
	$	2,251	$	665	1,586		$	2,316	$	587	1,729
Non-amortizable intangible assets:
Trademarks and other					2,297						2,366
Total intangible assets					$	3,883					$	4,095

Estimated aggregate amortization expense for the remainder of the current fiscal year and the next four years

The estimated aggregate amortization expense for the remainder of fiscal 2022 and for each of the next four fiscal years is as follows:

	Fiscal
(In millions)	2022		2023		2024		2025		2026
Estimated aggregate amortization expense	$	77	$	155	$	154	$	154	$	154