SEGMENT REPORTING

3 Months Ended

Sep. 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 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 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 7—Goodwill and Other Intangible Assets, net.

We have identified and presented significant segment expenses, which are included in the table below. The CODM evaluates operating income (loss) to assess segment performance, make operating decisions, and allocate resources amongst the segments by comparing budget to historical actual results.

	Three Months Ended September 30, 2025
SEGMENT DATA	Prestige		Consumer Beauty		Corporate		Total
Net revenues	$	1,069.5	$	507.7	$	—	$	1,577.2
Less:
Cost of sales	321.0		239.4		—		560.4
Advertising and consumer promotion costs	278.0		131.3		—		409.3
Other segment items(a)	261.6		144.7		16.2		422.5
Operating income (loss)	$	208.9	$	(7.7)	$	(16.2)	$	185.0
Reconciliation:
Operating income							$	185.0
Interest expense, net							46.6
Other expense, net							31.3
Income before income taxes							$	107.1
Other segment disclosures:
Depreciation and amortization	$	58.7	$	36.2	$	—	$	94.9

	Three Months Ended September 30, 2024
SEGMENT DATA	Prestige		Consumer Beauty		Corporate		Total
Net revenues	$	1,114.1	$	557.4	$	—	$	1,671.5
Less:
Cost of sales	327.7		249.2		—		576.9
Advertising and consumer promotion costs	270.7		146.1		—		416.8
Other segment items(a)	274.2		148.1		17.7		440.0
Operating income (loss)	$	241.5	$	14.0	$	(17.7)	$	237.8
Reconciliation:
Operating income							$	237.8
Interest expense, net							61.8
Other expense, net							43.3
Income before income taxes							$	132.7
Other segment disclosures:
Depreciation and amortization	$	66.1	$	38.5	$	—	$	104.6

(a) 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. Fragrance products include a variety of perfumes, colognes, and mists 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 September 30,
PRODUCT CATEGORY	2025		2024
Fragrance	70.8	%	70.2	%
Color Cosmetics	21.9		22.0
Body Care & Other	4.4		4.7
Skincare	2.9		3.1
Total	100.0	%	100.0	%