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NET EARNINGS ATTRIBUTABLE TO THE ESTEE LAUDER COMPANIES INC. PER COMMON SHARE
 12 Months Ended
Jun. 30, 2020
Earnings Per Share [Abstract]  
NET EARNINGS ATTRIBUTABLE TO THE ESTEE LAUDER COMPANIES INC. PER COMMON SHARE NET EARNINGS ATTRIBUTABLE TO THE ESTÉE LAUDER COMPANIES INC. PER COMMON SHARENet earnings attributable to The Estée Lauder Companies Inc. per common share (“basic EPS”) is computed by dividing net earnings attributable to The Estée Lauder Companies Inc. by the weighted-average number of common shares outstanding and contingently issuable shares (which satisfy certain conditions). Net earnings attributable to The Estée Lauder Companies Inc. per common share assuming dilution (“diluted EPS”) is computed by reflecting potential dilution from stock-based awards.
A reconciliation between the numerator and denominator of the basic and diluted EPS computations is as follows:
 Year Ended June 30
(In millions, except per share data)202020192018
Numerator:
Net earnings attributable to The Estée Lauder Companies Inc.$684 $1,785 $1,108 
Denominator:
Weighted-average common shares outstanding – Basic360.6 363.5 368.0 
Effect of dilutive stock options4.4 4.7 5.2 
Effect of PSUs0.3 0.5 0.4 
Effect of RSUs1.6 1.7 2.1 
Weighted-average common shares outstanding – Diluted366.9 370.4 375.7 
Net earnings attributable to The Estée Lauder Companies Inc. per common share:
Basic$1.90 $4.91 $3.01 
Diluted$1.86 $4.82 $2.95 

As of June 30, 2020, the number of shares of Class A Common Stock underlying options that were excluded in the computation of diluted EPS because their inclusion would be anti-dilutive was 1.3 million. As of June 30, 2019 and 2018, there were no anti-dilutive shares of Class A Common Stock underlying options to be excluded in the computation of diluted EPS. As of June 30, 2020, 2019 and 2018, 1.2 million shares, 1.3 million shares and 1.0 million shares at target, respectively, of Class A Common Stock underlying PSUs have been excluded from the calculation of diluted EPS because the number of shares ultimately issued is contingent on the achievement of certain performance targets of the Company, as discussed in Note 18 – Stock Programs.