Three Months Ended

Six Months Ended

December 31

(In millions)

2019

2018

2019

2018

PRODUCT CATEGORY DATA

Net sales:

Skin Care

$

2,205

$

1,732

$

4,047

$

3,218

Makeup

1,660

1,560

3,103

2,966

Fragrance

581

537

1,043

1,009

Hair Care

162

154

298

297

Other

16

22

28

39

Net sales

$

4,624

$

4,005

$

8,519

$

7,529

Operating income (loss) before charges associated with restructuring and other activities:

Skin Care

$

772

$

565

$

1,404

$

1,031

Makeup

(611)

138

(507)

299

Fragrance

97

84

163

139

Hair Care

12

15

12

29

Other

4

6

7

274

806

1,078

1,505

Reconciliation:

Charges associated with restructuring and other activities

(13)

(35)

(38)

(82)

Interest expense

(38)

(35)

(70)

(69)

Interest income and investment income, net

13

12

27

Other components of net periodic benefit cost

(1)

—

(2)

—

Other income

576

—

576

—

Earnings before income taxes

$

811

$

748

$

1,571

$

1,381

GEOGRAPHIC DATA⁽¹⁾

Net sales:

The Americas

$

1,226

$

1,218

$

2,386

$

2,454

Europe, the Middle East & Africa

2,079

1,767

3,756

3,200

Asia/Pacific

1,319

1,020

2,377

1,875

Net sales

$

4,624

$

4,005

$

8,519

$

7,529

Operating income (loss):

The Americas

$

(529)

$

149

$

(354)

$

383

Europe, the Middle East & Africa

505

418

882

675

Asia/Pacific

298

239

550

447

274

806

1,078

1,505

Charges associated with restructuring and other activities

(13)

(35)

(38)

(82)

Operating income

$

261

$

771

$

1,040

$

1,423