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Pay vs Performance Disclosure
6 Months Ended 12 Months Ended
Jun. 30, 2025
$ / shares
Dec. 31, 2024
Jun. 30, 2025
USD ($)
$ / shares
Jun. 30, 2024
USD ($)
Jun. 30, 2023
USD ($)
Jun. 30, 2022
USD ($)
Jun. 30, 2021
USD ($)
Pay vs Performance Disclosure              
Pay vs Performance Disclosure, Table    
Pay Versus Performance
Below is disclosure relating to the compensation of our Named Executive Officers (“NEOs”) for the last five fiscal years calculated in accordance with Item 402(v) of Regulation S-K under the Securities Exchange Act of 1934 (“Item 402(v)”). Item 402(v) requires disclosure of  ”compensation actually paid” ​(referred to herein as “Compensation Actually Paid” or the “CAP Amounts”) for the Principal Executive Officer (“PEO”) and the Non-PEO NEOs.
The Compensation Committee and the Stock Plan Subcommittee do not use the CAP Amounts when making compensation decisions. For a discussion of how our Company seeks to align pay with performance when making compensation decisions, please review the “Compensation Discussion and Analysis − Elements of Compensation.”
The following tables and related disclosures provide information concerning our PEO and Non-PEO NEOs with regard to (i) the Summary Compensation Table (“SCT”) Total and (ii) the CAP Amounts.
Fiscal
Year(1)
Summary
Compensation
Table
Total for
Stéphane de
La Faverie
Compensation
Actually
Paid
to Stéphane
de La
Faverie(2)
Summary
Compensation
Table
Total for
Fabrizio
Freda
Compensation
Actually
Paid
to Fabrizio
Freda(2)
Average
Summary
Compensation
Table
Total for
Non-PEO
NEOs
Average
Compensation
Actually Paid
to Non-
PEO
NEOs(2)
Value of Initial Fixed $100
Investment Based On:
Net
Earnings
(Loss)
(millions)
Adjusted
Diluted
EPS(4)
(non-GAAP)
(% Change
in)
Total
Shareholder
Return
Peer Group
Total
Shareholder
Return(3)
2025 $ 9,613,508 $ 6,852,706 $ 17,793,402 $ 6,575,426 $ 6,943,169 $ 5,068,493 $ 45.86 $ 170.04 $ (1,133) (42)%
2024 17,851,573 (28,673,021) 7,009,833 1,444,404 59.08 151.60 409 (25)%
2023 21,811,244 (29,053,372) 7,648,501 828,470 106.96 140.17 1,010 (52)%
2022 25,480,056 (14,802,124) 11,203,938 8,968,835 137.13 131.49 2,408 12%
2021 65,996,984 198,805,234 9,918,104 26,666,930 169.92 123.29 2,875 57%
(1)
The PEO and Non-PEO NEOs included in the above compensation columns reflect the following:
Fiscal
Year
PEO
Non-PEO NEOs
2025 Stéphane de La Faverie
Fabrizio Freda
Akhil Shrivastava, Jane Hertzmark Hudis, Rashida La Lande, Tracey T. Travis, Peter Jueptner
2024 Fabrizio Freda William P. Lauder, Tracey T. Travis, Jane Hertzmark Hudis, Stéphane de La Faverie
2023 Fabrizio Freda William P. Lauder, Tracey T. Travis, Jane Hertzmark Hudis, Peter Jueptner
2022 Fabrizio Freda William P. Lauder, Tracey T. Travis, Jane Hertzmark Hudis, Cedric Prouvé, John Demsey
2021 Fabrizio Freda William P. Lauder, Tracey T. Travis, Jane Hertzmark Hudis, Cedric Prouvé, John Demsey
(2)
The following table describes the adjustments, each of which is required by Item 402(v), to calculate the CAP Amounts shown in the table above.
Fiscal Year
2025
Adjustments ($)
Stéphane
de La Faverie
Fabrizio
Freda
Average for
Non-PEO
NEOs
Summary Compensation Table $ 9,613,508 $ 17,793,402 $ 6,943,169
Less: Stock and Option Awards Values Reported in SCT for the
Covered Year
(6,740,531) (11,250,026) (4,304,685)
Plus: Fiscal Year-End Fair Value of Outstanding and Unvested
Equity Awards Granted in the Covered Year
4,986,571 9,060,445 2,887,915
Increase (Decrease) in Fair Value of Outstanding and Unvested Equity Awards Granted in Prior Years
(481,959) (5,248,818) (347,201)
Increase (Decrease) in Fair Value as of Vesting Date of Equity
Awards Granted and Vested in the Fiscal Year
0 0 305,559
Increase (Decrease) in Fair Value of Equity Awards Granted in
Prior Years that Vested in the Covered Year
(537,695) (3,788,984) (431,822)
Less: Fair Value as of the Prior Fiscal Year End of Equity Awards Granted in Prior Fiscal Years that Failed to Meet Vesting Conditions in the Fiscal Year
0 0 (10,684)
Plus: Fair Value of Dividends or other Earnings Paid on Stock Awards not otherwise reflected in Fair Value or Total Compensation
102,475 688,911 105,547
Less: Aggregate Change in Actuarial Present Value of Accumulated Benefit Under Pension Plans
(167,378) (1,160,671) (134,869)
Plus: Aggregate Service Cost and Prior Service Costs for Pension Plans
77,715 481,167 55,563
Compensation Actually Paid (as calculated) $ 6,852,706 $ 6,575,426 $ 5,068,493
Certain amounts may not sum due to rounding
The equity valuation methodology was kept consistent with those used at the time of grant, with assumptions updated to reflect information available at the time of each valuation, including payout estimates. Instead of using the target payout amounts for PSUs, we used the total expected payout based on estimates of performance in future years. The price of our Class A Common Stock used for fiscal 2025 was $80.80 (the closing stock price on June 30, 2025, the last trading day of fiscal 2025).
(3)
The peer group used in this disclosure is the S&P 500 Consumer Staples Index, which is the same peer group used in Part II, Item 5 of our Form 10-K for each of the fiscal years shown.
(4)
Please refer to Appendix A of this Proxy Statement for reconciliation of, and other information about, this non-GAAP measure.
       
Company Selected Measure Name     AdjustedDilutedEPS        
Named Executive Officers, Footnote    
(1)
The PEO and Non-PEO NEOs included in the above compensation columns reflect the following:
Fiscal
Year
PEO
Non-PEO NEOs
2025 Stéphane de La Faverie
Fabrizio Freda
Akhil Shrivastava, Jane Hertzmark Hudis, Rashida La Lande, Tracey T. Travis, Peter Jueptner
2024 Fabrizio Freda William P. Lauder, Tracey T. Travis, Jane Hertzmark Hudis, Stéphane de La Faverie
2023 Fabrizio Freda William P. Lauder, Tracey T. Travis, Jane Hertzmark Hudis, Peter Jueptner
2022 Fabrizio Freda William P. Lauder, Tracey T. Travis, Jane Hertzmark Hudis, Cedric Prouvé, John Demsey
2021 Fabrizio Freda William P. Lauder, Tracey T. Travis, Jane Hertzmark Hudis, Cedric Prouvé, John Demsey
       
Peer Group Issuers, Footnote    
(3)
The peer group used in this disclosure is the S&P 500 Consumer Staples Index, which is the same peer group used in Part II, Item 5 of our Form 10-K for each of the fiscal years shown.
       
Adjustment To PEO Compensation, Footnote    
(2)
The following table describes the adjustments, each of which is required by Item 402(v), to calculate the CAP Amounts shown in the table above.
Fiscal Year
2025
Adjustments ($)
Stéphane
de La Faverie
Fabrizio
Freda
Average for
Non-PEO
NEOs
Summary Compensation Table $ 9,613,508 $ 17,793,402 $ 6,943,169
Less: Stock and Option Awards Values Reported in SCT for the
Covered Year
(6,740,531) (11,250,026) (4,304,685)
Plus: Fiscal Year-End Fair Value of Outstanding and Unvested
Equity Awards Granted in the Covered Year
4,986,571 9,060,445 2,887,915
Increase (Decrease) in Fair Value of Outstanding and Unvested Equity Awards Granted in Prior Years
(481,959) (5,248,818) (347,201)
Increase (Decrease) in Fair Value as of Vesting Date of Equity
Awards Granted and Vested in the Fiscal Year
0 0 305,559
Increase (Decrease) in Fair Value of Equity Awards Granted in
Prior Years that Vested in the Covered Year
(537,695) (3,788,984) (431,822)
Less: Fair Value as of the Prior Fiscal Year End of Equity Awards Granted in Prior Fiscal Years that Failed to Meet Vesting Conditions in the Fiscal Year
0 0 (10,684)
Plus: Fair Value of Dividends or other Earnings Paid on Stock Awards not otherwise reflected in Fair Value or Total Compensation
102,475 688,911 105,547
Less: Aggregate Change in Actuarial Present Value of Accumulated Benefit Under Pension Plans
(167,378) (1,160,671) (134,869)
Plus: Aggregate Service Cost and Prior Service Costs for Pension Plans
77,715 481,167 55,563
Compensation Actually Paid (as calculated) $ 6,852,706 $ 6,575,426 $ 5,068,493
       
Non-PEO NEO Average Total Compensation Amount     $ 6,943,169 $ 7,009,833 $ 7,648,501 $ 11,203,938 $ 9,918,104
Non-PEO NEO Average Compensation Actually Paid Amount     $ 5,068,493 1,444,404 828,470 8,968,835 26,666,930
Adjustment to Non-PEO NEO Compensation Footnote    
(2)
The following table describes the adjustments, each of which is required by Item 402(v), to calculate the CAP Amounts shown in the table above.
Fiscal Year
2025
Adjustments ($)
Stéphane
de La Faverie
Fabrizio
Freda
Average for
Non-PEO
NEOs
Summary Compensation Table $ 9,613,508 $ 17,793,402 $ 6,943,169
Less: Stock and Option Awards Values Reported in SCT for the
Covered Year
(6,740,531) (11,250,026) (4,304,685)
Plus: Fiscal Year-End Fair Value of Outstanding and Unvested
Equity Awards Granted in the Covered Year
4,986,571 9,060,445 2,887,915
Increase (Decrease) in Fair Value of Outstanding and Unvested Equity Awards Granted in Prior Years
(481,959) (5,248,818) (347,201)
Increase (Decrease) in Fair Value as of Vesting Date of Equity
Awards Granted and Vested in the Fiscal Year
0 0 305,559
Increase (Decrease) in Fair Value of Equity Awards Granted in
Prior Years that Vested in the Covered Year
(537,695) (3,788,984) (431,822)
Less: Fair Value as of the Prior Fiscal Year End of Equity Awards Granted in Prior Fiscal Years that Failed to Meet Vesting Conditions in the Fiscal Year
0 0 (10,684)
Plus: Fair Value of Dividends or other Earnings Paid on Stock Awards not otherwise reflected in Fair Value or Total Compensation
102,475 688,911 105,547
Less: Aggregate Change in Actuarial Present Value of Accumulated Benefit Under Pension Plans
(167,378) (1,160,671) (134,869)
Plus: Aggregate Service Cost and Prior Service Costs for Pension Plans
77,715 481,167 55,563
Compensation Actually Paid (as calculated) $ 6,852,706 $ 6,575,426 $ 5,068,493
       
Equity Valuation Assumption Difference, Footnote    
The equity valuation methodology was kept consistent with those used at the time of grant, with assumptions updated to reflect information available at the time of each valuation, including payout estimates. Instead of using the target payout amounts for PSUs, we used the total expected payout based on estimates of performance in future years. The price of our Class A Common Stock used for fiscal 2025 was $80.80 (the closing stock price on June 30, 2025, the last trading day of fiscal 2025).
       
Compensation Actually Paid vs. Total Shareholder Return     [MISSING IMAGE: bc_capvstsr-pn.jpg]        
Compensation Actually Paid vs. Net Income    
[MISSING IMAGE: bc_capvsnetearn-pn.jpg]
       
Compensation Actually Paid vs. Company Selected Measure    
[MISSING IMAGE: bc_capvsadjusteps-pn.jpg]
       
Total Shareholder Return Vs Peer Group     [MISSING IMAGE: bc_capvstsr-pn.jpg]        
Tabular List, Table    
The following table lists the financial performance metrics that, in our assessment, represent the most important financial performance measures we use to link compensation actually paid to our NEOs for the most recently completed fiscal year.
Adjusted Performance Measures*
Diluted EPS (Company-Selected Measure)
Net Sales
Return on Invested Capital
Operating Income Margin Percent
       
Total Shareholder Return Amount     $ 45.86 59.08 106.96 137.13 169.92
Peer Group Total Shareholder Return Amount     170.04 151.6 140.17 131.49 123.29
Net Income (Loss)     $ (1,133,000,000) $ 409,000,000 $ 1,010,000,000 $ 2,408,000,000 $ 2,875,000,000
Company Selected Measure Amount     (42) (25) (52) 12 57
PEO Name Stéphane de La Faverie Fabrizio Freda          
Share Price | $ / shares $ 80.8   $ 80.8        
Measure:: 1              
Pay vs Performance Disclosure              
Name     Adjusted Diluted EPS        
Non-GAAP Measure Description    
(4)
Please refer to Appendix A of this Proxy Statement for reconciliation of, and other information about, this non-GAAP measure.
       
Measure:: 2              
Pay vs Performance Disclosure              
Name     Adjusted Net Sales        
Measure:: 3              
Pay vs Performance Disclosure              
Name     Adjusted Return on Invested Capital        
Measure:: 4              
Pay vs Performance Disclosure              
Name     Adjusted Operating Income Margin Percent        
Stephane De La Faverie [Member]              
Pay vs Performance Disclosure              
PEO Total Compensation Amount     $ 9,613,508
PEO Actually Paid Compensation Amount     6,852,706
Fabrizio Freda [Member]              
Pay vs Performance Disclosure              
PEO Total Compensation Amount     17,793,402 17,851,573 21,811,244 25,480,056 65,996,984
PEO Actually Paid Compensation Amount     6,575,426 $ (28,673,021) $ (29,053,372) $ (14,802,124) $ 198,805,234
PEO | Stephane De La Faverie [Member] | Aggregate Change in Present Value of Accumulated Benefit for All Pension Plans Reported in Summary Compensation Table              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     (167,378)        
PEO | Stephane De La Faverie [Member] | Aggregate Pension Adjustments Service Cost              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     77,715        
PEO | Stephane De La Faverie [Member] | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     (6,740,531)        
PEO | Stephane De La Faverie [Member] | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     4,986,571        
PEO | Stephane De La Faverie [Member] | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     (481,959)        
PEO | Stephane De La Faverie [Member] | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     0        
PEO | Stephane De La Faverie [Member] | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     (537,695)        
PEO | Stephane De La Faverie [Member] | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     0        
PEO | Stephane De La Faverie [Member] | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     102,475        
PEO | Fabrizio Freda [Member] | Aggregate Change in Present Value of Accumulated Benefit for All Pension Plans Reported in Summary Compensation Table              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     (1,160,671)        
PEO | Fabrizio Freda [Member] | Aggregate Pension Adjustments Service Cost              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     481,167        
PEO | Fabrizio Freda [Member] | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     (11,250,026)        
PEO | Fabrizio Freda [Member] | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     9,060,445        
PEO | Fabrizio Freda [Member] | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     (5,248,818)        
PEO | Fabrizio Freda [Member] | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     0        
PEO | Fabrizio Freda [Member] | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     (3,788,984)        
PEO | Fabrizio Freda [Member] | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     0        
PEO | Fabrizio Freda [Member] | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     688,911        
Non-PEO NEO | Aggregate Change in Present Value of Accumulated Benefit for All Pension Plans Reported in Summary Compensation Table              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     (134,869)        
Non-PEO NEO | Aggregate Pension Adjustments Service Cost              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     55,563        
Non-PEO NEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     (4,304,685)        
Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     2,887,915        
Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     (347,201)        
Non-PEO NEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     305,559        
Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     (431,822)        
Non-PEO NEO | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     (10,684)        
Non-PEO NEO | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     $ 105,547