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SEGMENT DATA AND RELATED INFORMATION
 12 Months Ended
Jun. 30, 2024
Segment Reporting [Abstract]  
SEGMENT DATA AND RELATED INFORMATION SEGMENT DATA AND RELATED INFORMATION
Reportable operating segments include components of an enterprise about which separate financial information is available that is evaluated regularly by the chief operating decision maker (the “Chief Executive”) in deciding how to allocate resources and in assessing performance. As a result of the similarities in the manufacturing, marketing and distribution processes for all of the Company’s products, much of the information provided in the consolidated financial statements is similar to, or the same as, that reviewed on a regular basis by the Chief Executive. Although the Company operates in one business segment, beauty products, management also evaluates performance on a product category basis. While the Company’s results of operations are also reviewed on a consolidated basis, the Chief Executive reviews data segmented on a basis that facilitates comparison to industry statistics. Accordingly, net sales, depreciation and amortization, and operating income are available with respect to the manufacture and distribution of skin care, makeup, fragrance, hair care and other products. These product categories meet the definition of operating segments and, accordingly, additional financial data are provided below. The other segment includes the sales and related results of ancillary products and services that do not fit the definition of skin care, makeup, fragrance and hair care, including royalty revenue associated with the license of the TOM FORD trademark as discussed in Note 15 - Revenue Recognition. Product category performance is measured based upon net sales before returns associated with restructuring and other activities, and operating income (loss) before charges associated with restructuring and other activities. Returns and charges associated with restructuring and other activities are not allocated to the Company's product categories or geographic regions because they are centrally directed and controlled, are not included in internal measures of product category or geographic region performance and result from activities that are deemed Company-wide initiatives to redesign, resize and reorganize select areas of the business.
 
The accounting policies for the Company’s reportable segments are substantially the same as those described in the summary of significant accounting policies, except for depreciation and amortization charges, which are allocated, primarily, based upon net sales. The assets and liabilities of the Company are managed centrally and are reported internally in the same manner as the consolidated financial statements; thus, no additional information is produced for the Chief Executive or included herein.
During the fiscal 2024 second quarter, the Company identified and corrected prior-period misclassifications of net sales and operating income between certain of the Company’s product categories in its segment footnote. As a result, product category net sales and operating income have been adjusted from the amounts previously reported for the fiscal years ended June 30, 2023 and 2022, for comparability purposes. The misclassifications had no impact on the current-period or prior-period consolidated statements of earnings, consolidated statements of comprehensive income, consolidated balance sheets, or the consolidated statements of cash flows, and the Company determined that the impact on the Company’s current-period and previously issued financial statements for the respective periods was not material.
 Year Ended June 30
(In millions)202420232022
PRODUCT CATEGORY DATA   
Net sales:   
Skin Care$7,908 $8,249 $9,902 
Makeup4,470 4,532 4,670 
Fragrance2,487 2,451 2,491 
Hair Care629 652 631 
Other115 53 47 
15,609 15,937 17,741 
Returns associated with restructuring and other activities(1)(27)(4)
Net sales$15,608 $15,910 $17,737 
Depreciation and amortization:
Skin Care$418 $383 $404 
Makeup236 211 213 
Fragrance132 117 89 
Hair Care33 31 20 
Other6 2 1 
$825 $744 $727 
Operating income (loss) before charges associated with restructuring and other activities:
Skin Care$735 $1,277 $2,776 
Makeup93 (21)126 
Fragrance265 370 441 
Hair Care(52)(36)(28)
Other53 4 (1)
1,094 1,594 3,314 
Reconciliation:
Charges associated with restructuring and other activities(124)(85)(144)
Interest expense(378)(255)(167)
Interest income and investment income, net167 131 30 
Other components of net periodic benefit cost13 12 2 
Other income, net— — 1 
Earnings before income taxes$772 $1,397 $3,036 
 Year Ended June 30
(In millions)202420232022
GEOGRAPHIC DATA(1)
Net sales:
The Americas$4,581 $4,518 $4,623 
Europe, the Middle East & Africa6,140 6,225 7,681 
Asia/Pacific4,888 5,194 5,437 
15,609 15,937 17,741 
Returns associated with restructuring and other activities(1)(27)(4)
Net sales$15,608 $15,910 $17,737 
Operating income (loss):
The Americas$34 $(73)$1,159 
Europe, the Middle East & Africa836 843 1,360 
Asia/Pacific224 824 795 
1,094 1,594 3,314 
Charges associated with restructuring and other activities(124)(85)(144)
Operating income$970 $1,509 $3,170 
Total assets:
The Americas$13,985 $13,292 $10,989 
Europe, the Middle East & Africa4,310 5,985 5,781 
Asia/Pacific3,382 4,138 4,140 
$21,677 $23,415 $20,910 
Long-lived assets(2):
The Americas$2,524 $2,593 $2,609 
Europe, the Middle East & Africa1,224 1,202 1,133 
Asia/Pacific1,221 1,181 857 
$4,969 $4,976 $4,599 
(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.
(2)Includes property, plant and equipment, net and operating lease ROU assets.

Net sales are predominantly attributed to a country within a geographic region based on the location of the customer. The Company is domiciled in the United States. Net sales in the United States, including net sales from travel retail locations, in fiscal 2024, 2023 and 2022 were $3,887 million, $3,848 million and $4,009 million, respectively. Net sales in mainland China, as well as net sales from travel retail locations, in fiscal 2024, 2023 and 2022 were approximately 26%, 28% and 34% of consolidated net sales, respectively. In fiscal 2024, 2023 and 2022, net sales in Korea, including net sales from travel retail locations, were approximately 8%, 10% and 11%, respectively, and no other country represented greater than 10% of the Company’s consolidated net sales. 

The Company’s long-lived assets in the United States at June 30, 2024, 2023 and 2022 were $2,087 million, $2,136 million and $2,153 million, respectively.
The table below presents the effect of the corrections for fiscal years ended June 30, 2023 and 2022.

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 3 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)1 (21)133 (7)126 
Fragrance440 (70)370 456 (15)441 
Hair Care(34)(2)(36)(28)— (28)
Other6 (2)4 0 (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