| GOODWILL AND OTHER INTANGIBLE ASSETS, NET |
GOODWILL AND OTHER INTANGIBLE ASSETS, NET 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 | |
Other Intangible Assets, net 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 | |
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 | |
Amortization expense was $47.3 and $48.3 for the three months ended December 31, 2024 and 2023, respectively and $95.4 and $96.9 for the six months ended December 31, 2024 and 2023, respectively.
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