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SEGMENT DATA AND RELATED INFORMATION
9 Months Ended
Mar. 31, 2025
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. Although the Company operates in one business segment, beauty products, management also evaluates performance on a product category basis. 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 for the consolidated financial statements, as described in the notes to consolidated financial statements in the Company’s Annual Report on Form 10-K for the fiscal year ended June 30, 2024. 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.
Three Months Ended
March 31,
Nine Months Ended
March 31,
(In millions)2025202420252024
PRODUCT CATEGORY DATA
Net sales:
Skin Care$1,807 $2,060 $5,257 $5,873 
Makeup1,035 1,136 3,223 3,365 
Fragrance557 575 1,931 1,948 
Hair Care126 143 424 464 
Other25 26 80 88 
3,550 3,940 10,915 11,738 
Returns associated with restructuring and other activities— — — (1)
Net sales$3,550 $3,940 $10,915 $11,737 
Operating income (loss) before charges associated with restructuring and other activities:
Skin Care$361 $468 $784 $920 
Makeup14 66 (382)56 
Fragrance32 29 (354)267 
Hair Care(13)(25)(34)(50)
Other11 (25)38 
403 549 (11)1,231 
Reconciliation:
Charges associated with restructuring and other activities(97)(18)(384)(28)
Interest expense(87)(94)(269)(287)
Interest income and investment income, net27 45 85 126 
Other components of net periodic benefit cost(5)(10)
Earnings (loss) before income taxes$241 $486 $(589)$1,051 
GEOGRAPHIC DATA(1)
Net sales:
The Americas$1,052 $1,117 $3,462 $3,567 
Europe, the Middle East & Africa1,358 1,647 4,082 4,488 
Asia/Pacific1,140 1,176 3,371 3,683 
3,550 3,940 10,915 11,738 
Returns associated with restructuring and other activities— — — (1)
Net sales$3,550 $3,940 $10,915 $11,737 
Operating income (loss):
The Americas$$(6)$(983)$(243)
Europe, the Middle East & Africa239 302 645 825 
Asia/Pacific156 253 327 649 
403 549 (11)1,231 
Charges associated with restructuring and other activities(97)(18)(384)(28)
Operating income (loss)$306 $531 $(395)$1,203 
(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. During the fiscal 2025 second quarter, the Company exited Dr.Jart+ from the travel retail channel in Korea.