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NET EARNINGS (LOSS) ATTRIBUTABLE TO THE ESTEE LAUDER COMPANIES INC. PER COMMON SHARE | 9 Months Ended
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Mar. 31, 2020
Earnings Per Share [Abstract] |
NET EARNINGS (LOSS) ATTRIBUTABLE TO THE ESTEE LAUDER COMPANIES INC. PER COMMON SHARE | NOTE 13 – NET EARNINGS (LOSS) ATTRIBUTABLE TO THE ESTÉE LAUDER COMPANIES INC. PER COMMON SHARE Net earnings (loss) attributable to The Estée Lauder Companies Inc. per common share (“basic EPS”) is computed by dividing net earnings (loss) attributable to The Estée Lauder Companies Inc. by the weighted-average number of common shares outstanding and contingently issuable shares (which satisfy certain conditions). Net earnings (loss) attributable to The Estée Lauder Companies Inc. per common share assuming dilution (“diluted EPS”) is computed by reflecting potential dilution from stock-based awards. A reconciliation between the numerator and denominator of the basic and diluted EPS computations is as follows:
|  | Three Months Ended March 31 |  |  |  | Nine Months Ended March 31 |  |
(In millions, except per share data) |  | 2020 |  | 2019 |  | 2020 |  | 2019
Numerator: |  |  |  |  |  |  |  |
Net earnings (loss) attributable to The Estée Lauder Companies Inc. |  | $ | (6) |  |  | $ | 555 |  |  | $ | 1,146 |  |  | $ | 1,628 |
Denominator: |  |  |  |  |  |  |  |
Weighted-average common shares outstanding – Basic |  | 360.2 |  |  | 361.9 |  |  | 360.6 |  |  | 364.0 |
Effect of dilutive stock options |  | — |  |  | 4.6 |  |  | 4.6 |  |  | 4.8 |
Effect of PSUs |  | — |  |  | 0.3 |  |  | 0.3 |  |  | 0.3 |
Effect of RSUs |  | — |  |  | 1.5 |  |  | 1.6 |  |  | 1.8 |
Weighted-average common shares outstanding – Diluted |  | 360.2 |  |  | 368.3 |  |  | 367.1 |  |  | 370.9 |
Net earnings (loss) attributable to The Estée Lauder Companies Inc. per common share: |  |  |  |  |  |  |  |
Basic |  | $ | (0.02) |  |  | $ | 1.53 |  |  | $ | 3.18 |  |  | $ | 4.47 |
Diluted |  | $ | (0.02) |  |  | $ | 1.51 |  |  | $ | 3.12 |  |  | $ | 4.39 |
For the three months ended March 31, 2020, the effects of potentially dilutive stock options, PSUs and RSUs were excluded from the computation of diluted EPS as they were anti-dilutive due to the net loss incurred during the period. As of March 31, 2020 and 2019, the number of shares of Class A Common Stock underlying options that were excluded in the computation of diluted EPS because their inclusion would be anti-dilutive was 1.3 million shares and 1.6 million shares, respectively. As of March 31, 2020 and 2019, 1.2 million and 1.3 million shares, respectively, of Class A Common Stock underlying PSUs have been excluded from the calculation of diluted EPS because the number of shares ultimately issued is contingent on the achievement of certain performance targets of the Company, as discussed in Note 12 – Stock Programs.

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI http://asc.fasb.org/topic&trid=2144383 + Details
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