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SEGMENT DATA AND RELATED INFORMATION
 6 Months Ended
Dec. 31, 2020
Segment Reporting [Abstract]  
SEGMENT DATA AND RELATED INFORMATION SEGMENT DATA AND RELATED INFORMATION
Reportable operating segments include components of an enterprise about which separate financial information is available that is evaluated regularly by the chief operating decision maker (the “Chief Executive”) in deciding how to allocate resources and in assessing performance. Although the Company operates in one business segment, beauty products, management also evaluates performance on a product category basis. Product category performance is measured based upon net sales before returns associated with restructuring and other activities, and earnings before income taxes, other components of net periodic benefit cost, interest expense, interest income and investment income, net, other income, net, and charges associated with restructuring and other activities. Returns and charges associated with restructuring and other activities are not allocated to our product categories or geographic regions because they are centrally directed and controlled, are not included in internal measures of product category or geographic region performance and result from activities that are deemed Company-wide initiatives to redesign, resize and reorganize select areas of the business.

The accounting policies for the Company’s reportable segments are substantially the same as those for the consolidated financial statements, as described in the notes to consolidated financial statements in the Company’s Annual Report on Form 10-K for the fiscal year ended June 30, 2020. The assets and liabilities of the Company are managed centrally and are reported internally in the same manner as the consolidated financial statements; thus, no additional information is produced for the Chief Executive or included herein. There has been no significant variance in the total or long-lived asset values associated with the Company’s segment data since June 30, 2020.
Three Months Ended
December 31		Six Months Ended
December 31
(In millions)2020201920202019
PRODUCT CATEGORY DATA
Net sales:
Skin Care$2,819 $2,205 $4,854 $4,047 
Makeup1,247 1,660 2,225 3,103 
Fragrance618 581 1,024 1,043 
Hair Care154 162 290 298 
Other15 16 22 28 
Net sales$4,853 $4,624 $8,415 $8,519 
Operating income (loss) before charges associated with restructuring and other activities:
Skin Care$928 $772 $1,649 $1,404 
Makeup28 (611)(43)(507)
Fragrance141 97 201 163 
Hair Care4 12 7 12 
Other(1)4 — 6 
1,100 274 1,814 1,078 
Reconciliation:
Charges associated with restructuring and other activities(37)(13)(46)(38)
Interest expense(43)(38)(88)(70)
Interest income and investment income, net17 13 31 27 
Other components of net periodic benefit cost(7)(1)(10)(2)
Other income— 576 — 576 
Earnings before income taxes$1,030 $811 $1,701 $1,571 
GEOGRAPHIC DATA(1)
Net sales:
The Americas$1,048 $1,226 $1,921 $2,386 
Europe, the Middle East & Africa2,030 2,079 3,570 3,756 
Asia/Pacific1,775 1,319 2,924 2,377 
Net sales$4,853 $4,624 $8,415 $8,519 
Operating income (loss):
The Americas$36 $(529)$101 $(354)
Europe, the Middle East & Africa657 505 1,068 882 
Asia/Pacific407 298 645 550 
1,100 274 1,814 1,078 
Charges associated with restructuring and other activities(37)(13)(46)(38)
Operating income$1,063 $261 $1,768 $1,040 
(1) The net sales from the Company’s travel retail business are included in the Europe, the Middle East & Africa region, with the exception of the net sales of Dr. Jart+ in the travel retail channel that are reflected in Korea in the Asia/Pacific region. Operating income attributable to the travel retail sales included in Europe, the Middle East & Africa is included in that region and in The Americas.