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CONSOLIDATED STATEMENTS OF EARNINGS - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2019
Dec. 31, 2018
CONSOLIDATED STATEMENTS OF EARNINGS        
Net sales $ 4,624 $ 4,005 $ 8,519 $ 7,529
Cost of sales 1,041 910 1,949 1,733
Gross profit 3,583 3,095 6,570 5,796
Operating expenses        
Selling, general and administrative 2,538 2,257 4,723 4,265
Restructuring and other charges 7 29 30 70
Goodwill impairment 511 20 511 20
Impairment of other intangible assets 266 18 266 18
Total operating expenses 3,322 2,324 5,530 4,373
Operating income 261 771 1,040 1,423
Interest expense 38 35 70 69
Interest income and investment income, net 13 12 27 27
Other components of net periodic benefit cost 1   2  
Other income 576   576  
Earnings before income taxes 811 748 1,571 1,381
Provision for income taxes 250 171 412 302
Net earnings 561 577 1,159 1,079
Net earnings attributable to noncontrolling interests (4) (4) (7) (6)
Net earnings attributable to The Estee Lauder Companies Inc. $ 557 $ 573 $ 1,152 $ 1,073
Net earnings attributable to The Estee Lauder Companies Inc. per common share        
Basic (in dollars per share) $ 1.55 $ 1.58 $ 3.19 $ 2.94
Diluted (in dollars per share) $ 1.52 $ 1.55 $ 3.13 $ 2.88
Weighted-average common shares outstanding        
Basic (in shares) 360.2 363.3 360.8 365.1
Diluted (in shares) 366.7 369.9 367.7 372.1