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SEGMENT DATA AND RELATED INFORMATION
 3 Months Ended
Sep. 30, 2021
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, and charges associated with restructuring and other activities. Returns and charges associated with restructuring and other activities are not allocated to the Company's 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, 2021. 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, 2021.
Three Months Ended
September 30
(In millions)20212020
PRODUCT CATEGORY DATA
Net sales:
Skin Care$2,449 $2,035 
Makeup1,174 978 
Fragrance609 406 
Hair Care148 136 
Other13 7 
4,393 3,562 
Returns associated with restructuring and other activities(1)— 
Net sales$4,392 $3,562 
Operating income (loss) before charges associated with restructuring and other activities:
Skin Care$717 $721 
Makeup91 (71)
Fragrance131 60 
Hair Care2 3 
Other— 1 
941 714 
Reconciliation:
Charges associated with restructuring and other activities(6)(9)
Interest expense(42)(45)
Interest income and investment income, net4 14 
Other components of net periodic benefit cost(1)(3)
Other income1 — 
Earnings before income taxes$897 $671 
GEOGRAPHIC DATA(1)
Net sales:
The Americas$1,194 $873 
Europe, the Middle East & Africa1,873 1,540 
Asia/Pacific1,326 1,149 
4,393 3,562 
Returns associated with restructuring and other activities(1)— 
Net sales$4,392 $3,562 
Operating income:
The Americas$254 $65 
Europe, the Middle East & Africa465 411 
Asia/Pacific222 238 
941 714 
Charges associated with restructuring and other activities(6)(9)
Operating income$935 $705 
(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.