SEGMENT DATA AND RELATED INFORMATION

3 Months Ended

Sep. 30, 2011

SEGMENT DATA AND RELATED INFORMATION

SEGMENT DATA AND RELATED INFORMATION

NOTE 13 — 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 activities, and earnings before income taxes, net interest expense and total charges associated with restructuring activities.  Returns and charges associated with restructuring activities are not allocated to the product categories because they result from activities that are deemed a company-wide program to redesign the Company’s organizational structure.

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 year ended June 30, 2011.  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.  There has been no significant variance in the total or long-lived asset values associated with the Company’s segment data since June 30, 2011.

	Three Months Ended September 30
(In millions)	2011			2010
PRODUCT CATEGORY DATA
Net Sales:
Skin Care	$	1,072.9		$	857.7
Makeup	928.8			794.2
Fragrance	356.8			334.5
Hair Care	103.8			94.4
Other	13.7			10.9
	2,476.0			2,091.7
Returns associated with restructuring activities	0.7			—
	$	2,476.7		$	2,091.7
Operating Income (Loss):
Skin Care	$	223.7		$	149.9
Makeup	159.6			103.2
Fragrance	48.3			50.3
Hair Care	5.1			1.8
Other	(2.6		)	(2.6		)
	434.1			302.6
Reconciliation:
Total returns and charges associated with restructuring activities	(4.1		)	(4.6		)
Interest expense, net	(16.0		)	(16.1		)
Earnings before income taxes	$	414.0		$	281.9
GEOGRAPHIC DATA
Net Sales:
The Americas	$	1,105.4		$	997.2
Europe, the Middle East & Africa	858.2			680.9
Asia/Pacific	512.4			413.6
	2,476.0			2,091.7
Returns associated with restructuring activities	0.7			—
	$	2,476.7		$	2,091.7
Operating Income (Loss):
The Americas	$	149.2		$	103.1
Europe, the Middle East & Africa	187.7			138.6
Asia/Pacific	97.2			60.9
	434.1			302.6
Total returns and charges associated with restructuring activities	(4.1		)	(4.6		)
	$	430.0		$	298.0