v3.26.1
GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)
 12 Months Ended
Jun. 30, 2026
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 CareMakeupFragranceHair CareTotal
Balance as of June 30, 2024
Goodwill$1,612 $1,116 $253 $353 $3,334 
Accumulated impairments(429)(732)(30)— (1,191)
1,183 384 223 353 2,143 
Impairment charges— (13)— — (13)
Translation adjustments, goodwill4 — 7 — 11 
Translation adjustments, accumulated impairments(6)— — — (6)
(2)(13)7 — (8)
Balance as of June 30, 2025
Goodwill1,616 1,116 260 353 3,345 
Accumulated impairments(435)(745)(30)— (1,210)
1,181 371 230 353 2,135 
Goodwill acquired during the year— — 13 — 13 
Translation adjustments, goodwill(73)— (2)— (75)
Translation adjustments, accumulated impairments34 — — — 34 
(39)— 11 — (28)
Balance as of June 30, 2026
Goodwill1,543 1,116 271 353 3,283 
Accumulated impairments(401)(745)(30)— (1,176)
    Total goodwill
$1,142 $371 $241 $353 $2,107 
Schedule of other intangible assets
Other intangible assets consist of the following:
June 30, 2026June 30, 2025
(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$1,870 $1,372 $498 $1,984 $1,348 $636 
Non-amortizable intangible assets:
Trademarks3,081 3,123 
Total other intangible assets, net
$3,579 $3,759 
Estimated aggregate amortization expense for the next five years The estimated aggregate amortization expense for each of the next five fiscal years is as follows:
Fiscal
(In millions)20272028202920302031
Estimated aggregate amortization expense$86 $69 $67 $65 $48 
Summary of impairment charges and carrying value of intangible assets and goodwill
A summary of the impairment charges for the three and twelve months ended June 30, 2025 and the remaining trademark, customer list and goodwill carrying values as of June 30, 2025, for the TOM FORD brand and the Too Faced and Dr.Jart+ reporting units, are as follows:
Impairment Charges(1)
Carrying Value
(In millions)Three Months Ended
June 30, 2025
Twelve Months Ended
June 30, 2025
As of June 30, 2025
Brand/Reporting UnitGeographic RegionTrademark
Customer List
GoodwillTrademark
Customer List
Goodwill
Trademark(2)
Customer List
Goodwill
TOM FORDThe Americas$— $— $— $773 $— $— $1,805 $— $— 
Too FacedThe Americas50 — — 125 — 13 62 50 — 
Dr.Jart+(3)
Asia/Pacific
83 292 — 83 292 — 42 189 — 
Total$133 $292 $— $981 $292 $13 $1,909 $239 $— 
(1)The date of the fair value measurement for the TOM FORD trademark intangible asset was December 31, 2024. The dates of the fair value measurement for the Too Faced trademark intangible asset and Too Faced reporting unit were December 31, 2024 and April 1, 2025. The date of the fair value measurement for the Dr. Jart+ trademark intangible asset and asset group was April 1, 2025.
(2)The carrying values of the trademark intangible assets, immediately subsequent to the impairment charges, are equal to their estimated fair values. The carrying values as of June 30, 2025 are consistent with the carrying values at the fair value measurement date, with the exception of the impact of foreign currency translation for Dr.Jart+.
(3)The carrying value of the Dr.Jart+ asset group, immediately subsequent to the customer list impairment charge, was equal to its estimated fair value.
A summary of the impairment charges for the twelve months ended June 30, 2024 and the remaining trademark and goodwill carrying values as of June 30, 2024 are as follows:

Impairment Charges(1)
Carrying Value
(In millions)
Twelve Months Ended
June 30, 2024
As of June 30, 2024
Brand/Reporting Unit
Geographic Region
Trademark
Goodwill
Trademark(2)
Goodwill
Dr.Jart+
Asia/Pacific
$180 $291 $129 $— 
(1) The date of the fair value measurement for the Dr.Jart+ reporting unit and trademark intangible asset was April 1, 2024.
(2) The carrying value of the trademark intangible asset, immediately subsequent to the impairment charge, is equal to its estimated fair value. The carrying value as of June 30, 2024 is consistent with the carrying value at the fair value measurement date, with the exception of the impact of foreign currency translation.