SEGMENT DATA AND RELATED INFORMATION (Tables)

3 Months Ended

Sep. 30, 2024

Schedule of segment data and related information


	Three Months Ended September 30
(In millions)		2024		2023
PRODUCT CATEGORY DATA
Net sales:
Skin Care		$	1,529	$	1,640
Makeup		1,038		1,062
Fragrance		630		636
Hair Care		139		148
Other		25		32
		3,361		3,518
Returns associated with restructuring and other activities		—		—
Net sales		$	3,361	$	3,518

Operating income (loss) before charges associated with restructuring and other activities:
Skin Care		$	117	$	37
Makeup		(185)		(40)
Fragrance		60		107
Hair Care		(18)		(22)
Other		11		18
		(15)		100
Reconciliation:
Charges associated with restructuring and other activities		(106)		(2)
Interest expense		(92)		(95)
Interest income and investment income, net		35		41
Other components of net periodic benefit cost		(2)		2

Earnings (loss) before income taxes		$	(180)	$	46

GEOGRAPHIC DATA(1)
Net sales:
The Americas		$	1,187	$	1,208
Europe, the Middle East & Africa		1,230		1,252
Asia/Pacific		944		1,058
		3,361		3,518
Returns associated with restructuring and other activities		—		—
Net sales		$	3,361	$	3,518

Operating income (loss):
The Americas		$	(168)	$	(182)
Europe, the Middle East & Africa		90		144
Asia/Pacific		63		138
		(15)		100
Charges associated with restructuring and other activities		(106)		(2)
Operating income (loss)		$	(121)	$	98

(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 table below presents the effect of the corrections for the three months ended September 30, 2023.


	Three Months Ended September 30, 2023
(In millions)		As Previously Reported		Adjustments		As Adjusted
PRODUCT CATEGORY DATA
Net sales:
Skin Care		$	1,638	$	2	$	1,640
Makeup		1,063		(1)		1,062
Fragrance		637		(1)		636
Hair Care		148		—		148
Other		32		—		32
		3,518		—		3,518
Returns associated with restructuring and other activities		—		—		—
Net sales		$	3,518	$	—	$	3,518

Operating income (loss):
Skin Care		$	35	$	2	$	37
Makeup		(39)		(1)		(40)
Fragrance		108		(1)		107
Hair Care		(22)		—		(22)
Other		18		—		18
		100		—		100
Charges associated with restructuring and other activities		(2)		—		(2)
Operating income		$	98	$	—	$	98