SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Jun. 30, 2023

Accounting Policies [Abstract]

Schedule of property and equipment, net

Depreciation and amortization are computed principally using the straight-line method over the following estimated useful lives:

Description	Estimated Useful Lives
Buildings	20-40 years
Marketing furniture and fixtures	3-5 years
Machinery and equipment	2-15 years
Computer equipment and software	2-5 years
Property and equipment under finance leases and leasehold improvements	Lesser of lease term or economic life

Property and equipment, net as of June 30, 2023 and 2022 are presented below:

	June 30, 2023		June 30, 2022
Land, buildings and leasehold improvements	$	432.1	$	424.2
Machinery and equipment	676.4		670.7
Marketing furniture and fixtures	531.8		501.8
Computer equipment and software	751.5		737.9
Construction in progress	81.6		65.2
Property and equipment, gross	2,473.4		2,399.8
Accumulated depreciation and amortization	(1,760.5)		(1,684.3)
Property and equipment, net	$	712.9	$	715.5

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, 2023 and 2022 are presented below:

	June 30, 2023		June 30, 2022
Indefinite-lived other intangible assets	$	950.8	$	936.6
Finite-lived other intangible assets, net	2,847.2		2,966.2
Total Other intangible assets, net	$	3,798.0	$	3,902.8

Intangible assets subject to amortization are presented below:

	Cost		Accumulated Amortization		Accumulated Impairment		Net
June 30, 2022
License and collaboration agreements	$	3,861.9	$	(1,302.2)	$	(19.6)	$	2,540.1
Customer relationships	740.0		(473.5)		(5.5)		261.0
Trademarks	320.5		(177.1)		(0.5)		142.9
Product formulations and technology	83.9		(61.7)		—		22.2
Total	$	5,006.3	$	(2,014.5)	$	(25.6)	$	2,966.2
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

Schedule of recently issued and not yet adopted accounting pronouncements

Recently Issued and Not Yet Adopted Accounting Pronouncements

Accounting Standard Update(s)	Topic	Effective Period	Summary
2023-01	Leases (Topic 842) - Common Control Arrangements	Fiscal 2025	The FASB issued ASU No. 2023-01, Leases (Topic 842) - Common Control Arrangements, which clarifies the accounting for leasehold improvements associated with common control leases. The guidance will be effective for the Company in fiscal 2025 with early adoption permitted. The Company does not expect this ASU will have a material effect on its consolidated financial position, results of operations or cash flows.