Three Months Ended

Six Months Ended

December 31

(In millions, except per share data)

2019

2018

2019

2018

Numerator:

Net earnings attributable to The Estée Lauder Companies Inc.

$

557

$

573

$

1,152

$

1,073

Denominator:

Weighted-average common shares outstanding – Basic

360.2

363.3

360.8

365.1

Effect of dilutive stock options

4.7

4.6

4.8

Effect of PSUs

0.3

0.2

0.3

Effect of RSUs

1.5

1.7

1.9

Weighted-average common shares outstanding – Diluted

366.7

369.9

367.7

372.1

Net earnings attributable to The Estée Lauder Companies Inc. per common share:

Basic

$

1.55

$

1.58

$

3.19

$

2.94

Diluted

$

1.52

$

1.55

$

3.13

$

2.88