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SEGMENT REPORTING
6 Months Ended
Dec. 31, 2024
Segment Reporting [Abstract]  
SEGMENT REPORTING SEGMENT REPORTING
Operating and reportable segments (referred to as “segments”) reflect the way the Company is managed and for which separate financial information is available and evaluated regularly by the Company's CODM in deciding how to allocate resources and assess performance. The Company has designated its Chief Executive Officer ("CEO") as the CODM.
Certain income and shared costs and the results of corporate initiatives are managed by Corporate. Corporate primarily includes stock compensation expense, restructuring and realignment costs, costs related to acquisition, divestiture and early license termination activities, and impairments of long-lived assets, goodwill and intangibles that are not attributable to ongoing operating activities of the segments. Corporate costs are not used by the CODM to measure the underlying performance of the segments.
With the exception of goodwill, the Company does not identify or monitor assets by segment. The Company does not present assets by reportable segment since various assets are shared between reportable segments. The allocation of goodwill by segment is presented in Note 7—Goodwill and Other Intangible Assets, net.
Three Months Ended
December 31,
Six Months Ended
December 31,
SEGMENT DATA2024202320242023
Net revenues:
Prestige$1,116.1 $1,122.6 $2,230.2 $2,187.3 
Consumer Beauty553.8 605.0 1,111.2 1,181.7 
Total$1,669.9 $1,727.6 $3,341.4 $3,369.0 
Operating income (loss):
Prestige222.3 200.6 463.8 422.2 
Consumer Beauty64.1 60.4 78.1 92.4 
Corporate(18.2)(24.3)(35.9)(80.4)
Total$268.2 $236.7 $506.0 $434.2 
Reconciliation:
Operating income268.2 236.7 506.0 434.2 
Interest expense, net54.4 60.1 116.2 129.9 
Other expense (income), net157.2 (80.8)200.5 (4.2)
Income before income taxes$56.6 $257.4 $189.3 $308.5 
During the first quarter of fiscal 2025, the Company revised the definitions of its product categories to better monitor against its long-term strategic objectives and to refine the presentation of certain multi-category brands. As a result, the Company has made certain reclassifications of its product sales among its product categories. The prior period has been recast to reflect the current period presentation.
Fragrance products include a variety of perfumes and colognes offering various scents to suit individual preferences and occasions. Color Cosmetic products include lip, eye, facial and other color products including nail color. Body care and other
products include shower gels, body sprays, and deodorants. Skincare products include moisturizers, serums, sun treatment, cleansers, toners and anti-aging creams designed to nourish, protect and improve the skin's appearance and health.
Presented below are the percentage of net revenues associated with the Company’s product categories:
Three Months Ended
December 31,
Six Months Ended
December 31,
PRODUCT CATEGORY2024202320242023
Fragrance70.6 %67.3 %70.4 %66.9 %
Color Cosmetics22.3 24.1 22.2 24.3 
Body Care & Other4.4 5.7 4.5 5.7 
Skincare2.7 2.9 2.9 3.1 
Total100.0 %100.0 %100.0 %100.0 %