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SEGMENT REPORTING
 12 Months Ended
Jun. 30, 2025
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 chief operating decision maker (“CODM”) in deciding how to allocate resources and assess performance. The Company has designated its Chief Executive Officer 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 and divestiture 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 and acquired intangible assets, 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 9—Goodwill and Other Intangible Assets, net.
In fiscal 2025, the Company adopted ASU No. 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures, on a retrospective basis. Refer to Note 2—Summary of Significant Accounting Policies. Upon adoption of this ASU, we have identified and presented significant segment expenses, which are those expenses that are regularly provided to the CODM and included within each reported measure of segment profit or loss. Significant segment expenses include cost of sales and advertising and consumer promotion costs. The CODM evaluates operating income (loss) and compares to budget and actual historical results to assess segment performance and make operating decisions and allocate resources among the segments.
Year Ended June 30, 2025
SEGMENT DATAPrestigeConsumer BeautyCorporateTotal
Net revenues$3,820.2 $2,072.7 $— $5,892.9 
Less: (a)
Cost of sales1,121.6 946.1 4.3 2,072.0 
Advertising and consumer promotion costs1,059.7 514.7 — 1,574.4 
Other segment items(b)
1,058.3 739.3 207.8 2,005.4 
Operating income (loss)$580.6 $(127.4)$(212.1)$241.1 
Reconciliation:
Operating income$241.1 
Interest expense, net214.2 
Other expense, net371.7 
Loss before income taxes$(344.8)
Other segment disclosures:
Depreciation and amortization$261.1 $154.6 $4.3 $420.0 
Year Ended June 30, 2024
SEGMENT DATAPrestigeConsumer BeautyCorporateTotal
Net revenues$3,857.3 $2,260.7 $— $6,118.0 
Less: (a)
Cost of sales1,170.3 1,008.5 — 2,178.8 
Advertising and consumer promotion costs1,072.8 552.7 — 1,625.5 
Other segment items(b)
1,033.5 610.2 123.3 1,767.0 
Operating income (loss)$580.7 $89.3 $(123.3)$546.7 
Reconciliation:
Operating income$546.7 
Interest expense, net252.0 
Other expense, net90.2 
Income before income taxes$204.5 
Other segment disclosures:
Depreciation and amortization$258.9 $162.2 $— $421.1 
Year Ended June 30, 2023
SEGMENT DATAPrestigeConsumer BeautyCorporateTotal
Net revenues$3,420.5 $2,133.6 $— $5,554.1 
Less: (a)
Cost of sales1,050.0 954.9 1.9 2,006.8 
Advertising and consumer promotion costs951.5 528.3 (0.3)1,479.5 
Other segment items(b)
935.3 587.1 1.7 1,524.1 
Operating income (loss)$483.7 $63.3 $(3.3)$543.7 
Reconciliation:
Operating income $543.7 
Interest expense, net257.9 
Other income, net(419.0)
Income before income taxes$704.8 
Other segment disclosures:
Depreciation and amortization$261.9 $163.9 $0.9 $426.7 
(a) The significant expense categories and amounts align with the segment-level information that is regularly provided to the CODM.
(b) Other segment items primarily include administrative costs, logistics costs, stock compensation expense, amortization of definite-lived intangible assets, restructuring costs, transactional foreign exchange gains/losses, bad debt expense, and other miscellaneous costs.
As of June 30,
Long-lived assets:20252024
U.S.$3,077.5 $3,477.7 
Netherlands3,220.9 3,066.3 
Brazil440.4 441.9 
All other1,247.4 1,204.3 
Total$7,986.2 $8,190.2 
For Net revenues, a major country is defined as a group of subsidiaries in a country with combined revenues greater than 10% of consolidated net revenues or as otherwise deemed significant. The United States is the only country that accounts for more than 10% of total net revenues for fiscal years 2025, 2024 and 2023. The United States had net revenues of $1,453.3, $1,617.7 and $1,547.7 in fiscal 2025, 2024 and 2023, respectively. No customer or group of affiliated customers accounted for more than 10% of the Company’s Net revenues in fiscal 2025, 2024 and 2023 or are otherwise deemed significant.
For Long-lived assets, a major country is defined as a group of subsidiaries within a country with combined long-lived assets greater than 10% of consolidated long-lived assets or as otherwise deemed significant. Long-lived assets include property and equipment, goodwill and other intangible assets.
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 net revenues associated with Company’s product categories as a percentage of total net revenues:
Year Ended June 30,
PRODUCT CATEGORY202520242023
Fragrances67.4 %63.9 %62.2 %
Color Cosmetics23.7 %26.4 %27.9 %
Body Care & Other5.3 %6.1 %6.4 %
Skincare3.6 %3.6 %3.5 %
Total100.0 %100.0 %100.0 %