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CONSOLIDATED STATEMENTS OF EARNINGS - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2016
Dec. 31, 2015
CONSOLIDATED STATEMENTS OF EARNINGS        
Net Sales $ 3,208 $ 3,124 $ 6,073 $ 5,959
Cost of Sales 637 589 1,233 1,166
Gross Profit 2,571 2,535 4,840 4,793
Operating Expenses        
Selling, general and administrative 1,917 1,886 3,742 3,691
Restructuring and other charges 37 19 63 19
Total operating expenses 1,954 1,905 3,805 3,710
Operating Income 617 630 1,035 1,083
Interest expense 22 17 43 34
Interest income and investment income, net 5 3 11 6
Earnings before Income Taxes 600 616 1,003 1,055
Provision for income taxes 170 167 277 295
Net Earnings 430 449 726 760
Net earnings attributable to noncontrolling interests (2) (2) (4) (4)
Net Earnings Attributable to The Estee Lauder Companies Inc. $ 428 $ 447 $ 722 $ 756
Net earnings attributable to The Estee Lauder Companies Inc. per common share        
Basic (in dollars per share) $ 1.17 $ 1.21 $ 1.97 $ 2.04
Diluted (in dollars per share) $ 1.15 $ 1.19 $ 1.94 $ 2.00
Weighted-average common shares outstanding        
Basic (in shares) 366.9 369.6 366.7 371.1
Diluted (in shares) 372.6 376.0 372.9 377.5
Cash dividends declared per common share (in dollars per share) $ 0.34 $ 0.30 $ 0.64 $ 0.54