GOODWILL AND OTHER INTANGIBLE ASSETS, NET

6 Months Ended

Dec. 31, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

GOODWILL AND OTHER INTANGIBLE ASSETS, NET

GOODWILL AND OTHER INTANGIBLE ASSETS, NET

Goodwill

Goodwill as of December 31, 2021 and June 30, 2021 is presented below:

	Prestige		Consumer Beauty		Total
Gross balance at June 30, 2021	$	6,384.0	$	1,774.2	$	8,158.2
Accumulated impairments	(3,110.3)		(929.8)		(4,040.1)
Net balance at June 30, 2021	$	3,273.7	$	844.4	$	4,118.1
Changes during the period ended December 31, 2021
Foreign currency translation	(101.2)		(26.2)		(127.4)
Gross balance at December 31, 2021	$	6,282.8	$	1,748.0	$	8,030.8
Accumulated impairments	(3,110.3)		(929.8)		(4,040.1)
Net balance at December 31, 2021	$	3,172.5	$	818.2	$	3,990.7

Other Intangible Assets, net

Other intangible assets, net as of December 31, 2021 and June 30, 2021 are presented below:

	December 31, 2021		June 30, 2021
Indefinite-lived other intangible assets	$	998.3	$	1,018.7
Finite-lived other intangible assets, net	3,223.8		3,444.3
Total Other intangible assets, net	$	4,222.1	$	4,463.0

The changes in the carrying amount of indefinite-lived other intangible assets are presented below:

	Trademarks		Total
Gross balance at June 30, 2021	$	1,932.2	$	1,932.2
Accumulated impairments	(913.5)		(913.5)
Net balance at June 30, 2021	$	1,018.7	$	1,018.7
Changes during the period ended December 31, 2021
Foreign currency translation	(20.4)		(20.4)
Gross balance at December 31, 2021	$	1,911.8	$	1,911.8
Accumulated impairments	(913.5)		(913.5)
Net balance at December 31, 2021	$	998.3	$	998.3

Intangible assets subject to amortization are presented below:

	Cost		Accumulated Amortization		Accumulated Impairment		Net
June 30, 2021
License agreements and collaboration agreements	$	4,192.9	$	(1,229.1)	$	(19.6)	$	2,944.2
Customer relationships	803.1		(486.3)		(5.5)		311.3
Trademarks	330.2		(168.7)		(0.5)		161.0
Product formulations and technology	90.2		(62.4)		—		27.8
Total	$	5,416.4	$	(1,946.5)	$	(25.6)	$	3,444.3
December 31, 2021
License agreements and collaboration agreements	$	4,060.4	$	(1,276.0)	$	(19.6)	$	2,764.8
Customer relationships	758.6		(470.8)		(5.5)		282.3
Trademarks	326.3		(173.8)		(0.5)		152.0
Product formulations and technology	87.0		(62.3)		—		24.7
Total	$	5,232.3	$	(1,982.9)	$	(25.6)	$	3,223.8

Amortization expense was $51.4 and $61.8 for the three months ended December 31, 2021 and 2020, respectively and $108.4 and $127.2 for the six months ended December 31, 2021 and 2020, respectively.