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CONSOLIDATED STATEMENTS OF EARNINGS - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2020
Dec. 31, 2019
Income Statement [Abstract]        
Net sales $ 4,853 $ 4,624 $ 8,415 $ 8,519
Cost of sales 1,084 1,041 1,909 1,949
Gross profit 3,769 3,583 6,506 6,570
Operating expenses        
Selling, general and administrative 2,590 2,538 4,616 4,723
Restructuring and other charges 35 7 41 30
Goodwill impairment 54 511 54 511
Impairment of other intangible assets 27 266 27 266
Total operating expenses 2,706 3,322 4,738 5,530
Operating income 1,063 261 1,768 1,040
Interest expense 43 38 88 70
Interest income and investment income, net 17 13 31 27
Other components of net periodic benefit cost 7 1 10 2
Other income 0 576 0 576
Earnings before income taxes 1,030 811 1,701 1,571
Provision for income taxes 153 250 299 412
Net earnings 877 561 1,402 1,159
Net earnings attributable to noncontrolling interests (4) (4) (6) (7)
Net earnings attributable to The Estée Lauder Companies Inc. $ 873 $ 557 $ 1,396 $ 1,152
Net earnings attributable to The Estée Lauder Companies Inc. per common share        
Basic (in dollars per share) $ 2.40 $ 1.55 $ 3.84 $ 3.19
Diluted (in dollars per share) $ 2.37 $ 1.52 $ 3.79 $ 3.13
Weighted-average common shares outstanding        
Basic (in shares) 363.0 360.2 363.4 360.8
Diluted (in shares) 368.0 366.7 368.5 367.7