Three Months Ended
September 30

(In millions, except per share data)

2011

2010

Numerator:

Net earnings attributable to The Estée Lauder Companies Inc.

$

278.6

$

191.1

Denominator:

Weighted-average common shares outstanding — Basic

195.3

196.7

Effect of dilutive stock options

3.2

2.8

Effect of restricted stock units

1.0

0.9

Effect of market share unit

0.1

—

Weighted-average common shares outstanding — Diluted

199.6

200.4

Net earnings attributable to The Estée Lauder Companies Inc. per common share:

Basic

$

1.43

$

.97

Diluted

1.40

.95