NET EARNINGS (LOSS) ATTRIBUTABLE TO THE ESTEE LAUDER COMPANIES INC. PER COMMON SHARE (Tables)

9 Months Ended

Mar. 31, 2020

Schedule of reconciliation between the numerator and denominator of the basic and diluted EPS computations

A reconciliation between the numerator and denominator of the basic and diluted EPS computations is as follows:


	Three Months Ended March 31						Nine Months Ended March 31
(In millions, except per share data)	2020		2019		2020		2019
Numerator:
Net earnings (loss) attributable to The Estée Lauder Companies Inc.	$	(6)	$	555	$	1,146	$	1,628

Denominator:
Weighted-average common shares outstanding – Basic	360.2		361.9		360.6		364.0
Effect of dilutive stock options	—		4.6		4.6		4.8
Effect of PSUs	—		0.3		0.3		0.3
Effect of RSUs	—		1.5		1.6		1.8
Weighted-average common shares outstanding – Diluted	360.2		368.3		367.1		370.9

Net earnings (loss) attributable to The Estée Lauder Companies Inc. per common share:
Basic	$	(0.02)	$	1.53	$	3.18	$	4.47
Diluted	$	(0.02)	$	1.51	$	3.12	$	4.39

For the three months ended March 31, 2020, the effects of potentially dilutive stock options, PSUs and RSUs were excluded from the computation of diluted EPS as they were anti-dilutive due to the net loss incurred during the period.