SEGMENT DATA AND RELATED INFORMATION (Tables)

12 Months Ended

Jun. 30, 2024

Segment Reporting [Abstract]

Schedule of segment data and related information

	Year Ended June 30
(In millions)	2024		2023		2022
PRODUCT CATEGORY DATA
Net sales:
Skin Care	$	7,908	$	8,249	$	9,902
Makeup	4,470		4,532		4,670
Fragrance	2,487		2,451		2,491
Hair Care	629		652		631
Other	115		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
Makeup	236		211		213
Fragrance	132		117		89
Hair Care	33		31		20
Other	6		2		1
	$	825	$	744	$	727
Operating income (loss) before charges associated with restructuring and other activities:
Skin Care	$	735	$	1,277	$	2,776
Makeup	93		(21)		126
Fragrance	265		370		441
Hair Care	(52)		(36)		(28)
Other	53		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, net	167		131		30
Other components of net periodic benefit cost	13		12		2
Other income, net	—		—		1
Earnings before income taxes	$	772	$	1,397	$	3,036

	Year Ended June 30
(In millions)	2024		2023		2022
GEOGRAPHIC DATA(1)
Net sales:
The Americas	$	4,581	$	4,518	$	4,623
Europe, the Middle East & Africa	6,140		6,225		7,681
Asia/Pacific	4,888		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 & Africa	836		843		1,360
Asia/Pacific	224		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 & Africa	4,310		5,985		5,781
Asia/Pacific	3,382		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 & Africa	1,224		1,202		1,133
Asia/Pacific	1,221		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.

Schedule of Error Corrections and Prior Period Adjustments

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
Makeup	4,516		16		4,532		4,667		3		4,670
Fragrance	2,512		(61)		2,451		2,508		(17)		2,491
Hair Care	653		(1)		652		631		—		631
Other	54		(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
Fragrance	440		(70)		370		456		(15)		441
Hair Care	(34)		(2)		(36)		(28)		—		(28)
Other	6		(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