XML 42 R32.htm IDEA: XBRL DOCUMENT v3.24.0.1
SEGMENT DATA AND RELATED INFORMATION (Tables)
6 Months Ended
Dec. 31, 2023
Segment Reporting [Abstract]  
Schedule of segment data and related information
Three Months Ended
December 31
Six Months Ended
December 31
(In millions)2023202220232022
PRODUCT CATEGORY DATA
Net sales:
Skin Care$2,173 $2,427 $3,813 $4,539 
Makeup1,167 1,263 2,229 2,320 
Fragrance737 734 1,373 1,330 
Hair Care173 183 321 340 
Other30 14 62 27 
4,280 4,621 7,798 8,556 
Returns associated with restructuring and other activities(1)(1)(1)(6)
Net sales$4,279 $4,620 $7,797 $8,550 
Operating income (loss) before charges associated with restructuring and other activities:
Skin Care$415 $433 $452 $969 
Makeup30 (24)(10)(4)
Fragrance131 153 238 277 
Hair Care(3)(25)(8)
Other(1)27 (2)
582 565 682 1,232 
Reconciliation:
Charges associated with restructuring and other activities(8)(9)(10)(15)
Interest expense(98)(52)(193)(98)
Interest income and investment income, net40 26 81 41 
Other components of net periodic benefit cost
Earnings before income taxes$519 $532 $565 $1,165 
GEOGRAPHIC DATA(1)
Net sales:
The Americas$1,242 $1,235 $2,450 $2,358 
Europe, the Middle East & Africa1,589 1,816 2,841 3,498 
Asia/Pacific1,449 1,570 2,507 2,700 
4,280 4,621 7,798 8,556 
Returns associated with restructuring and other activities(1)(1)(1)(6)
Net sales$4,279 $4,620 $7,797 $8,550 
Operating income (loss):
The Americas$(55)$(85)$(237)$40 
Europe, the Middle East & Africa379 409 523 743 
Asia/Pacific258 241 396 449 
582 565 682 1,232 
Charges associated with restructuring and other activities(8)(9)(10)(15)
Operating income$574 $556 $672 $1,217 
(1) The net sales from the Company's travel retail business are included in the Europe, the Middle East & Africa region, and operating income attributable to these net sales are included in that region and in The Americas. The exception is for net sales and operating income of Dr.Jart+ in the travel retail channel in Korea that are reflected in Korea in the Asia/Pacific region.
Schedule of Error Corrections and Prior Period Adjustments
The tables below present the effect of the corrections for the three and six months ended December, 31, 2022, the three and nine months ended March 31, 2023, and fiscal years ended June 30, 2023 and 2022.

Three Months Ended
December 31, 2022
Six Months Ended
December 31, 2022
(In millions)
As Previously Reported
Adjustments
As Adjusted
As Previously Reported
Adjustments
As Adjusted
PRODUCT CATEGORY DATA
Net sales:
Skin Care$2,382 $45 $2,427 $4,486 $53 $4,539 
Makeup1,268 (5)1,263 2,320 $— 2,320 
Fragrance775 (41)734 1,382 (52)1,330 
Hair Care182 183 340 $— 340 
Other14 — 14 28 (1)27 
4,621 $— 4,621 8,556 $— 8,556 
Returns associated with restructuring and other activities(1)$— (1)(6)$— (6)
Net sales$4,620 $— $4,620 $8,550 $— $8,550 
Operating income (loss):
Skin Care$421 $12 $433 $951 $18 $969 
Makeup(37)13 (24)(21)17 (4)
Fragrance177 (24)153 310 (33)277 
Hair Care(1)(7)(1)(8)
Other(1)$— (1)(1)(1)(2)
565 $— 565 1,232 $— 1,232 
Charges associated with restructuring and other activities(9)$— (9)(15)$— (15)
Operating income$556 $— $556 $1,217 $— $1,217 
Three Months Ended
March 31, 2023
Nine Months Ended
March 31, 2023
(In millions)
As Previously Reported
Adjustments
As Adjusted
As Previously Reported
Adjustments
As Adjusted
PRODUCT CATEGORY DATA
Net sales:
Skin Care$1,922 $(7)$1,915 $6,408 $46 $6,454 
Makeup1,088 16 1,104 3,408 16 3,424 
Fragrance585 (8)577 1,967 (60)1,907 
Hair Care149 (1)148 489 (1)488 
Other11 — 11 39 (1)38 
3,755 — 3,755 12,311 — 12,311 
Returns associated with restructuring and other activities(4)— (4)(10)— (10)
Net sales$3,751 $— $3,751 $12,301 $— $12,301 
Operating income (loss):
Skin Care$256 $13 $269 $1,207 $31 $1,238 
Makeup(15)10 (5)(36)27 (9)
Fragrance89 (23)66 399 (56)343 
Hair Care(24)— (24)(31)(1)(32)
Other— (1)
315 — 315 1,547 — 1,547 
Charges associated with restructuring and other activities(18)— (18)(33)— (33)
Operating income$297 $— $297 $1,514 $— $1,514 

Year Ended June 30, 2023
Year Ended June 30, 2022
(In millions)
As Previously Reported
Adjustments
As Adjusted
As Previously Reported
Adjustments
As Adjusted
PRODUCT CATEGORY DATA
Net sales:
Skin Care$8,202 $47 $8,249 $9,886 $16 $9,902 
Makeup4,516 16 4,532 4,667 4,670 
Fragrance2,512 (61)2,451 2,508 (17)2,491 
Hair Care653 (1)652 631 — 631 
Other54 (1)53 49 (2)47 
15,937 — 15,937 17,741 — 17,741 
Returns associated with restructuring and other activities(27)— (27)(4)— (4)
Net sales$15,910 $— $15,910 $17,737 $— $17,737 
Operating income (loss):
Skin Care$1,204 $73 $1,277 $2,753 $23 $2,776 
Makeup(22)(21)133 (7)126 
Fragrance440 (70)370 456 (15)441 
Hair Care(34)(2)(36)(28)— (28)
Other(2)(1)(1)
1,594 — 1,594 3,314 — 3,314 
Charges associated with restructuring and other activities(85)— (85)(144)— (144)
Operating income$1,509 $— $1,509 $3,170 $— $3,170