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CONSOLIDATED STATEMENTS OF EARNINGS - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Mar. 31, 2022
Mar. 31, 2021
Income Statement [Abstract]        
Net sales $ 4,245 $ 3,864 $ 14,176 $ 12,279
Cost of sales 994 939 3,274 2,848
Gross profit 3,251 2,925 10,902 9,431
Operating expenses        
Selling, general and administrative 2,275 2,145 7,554 6,761
Restructuring and other charges 22 131 41 172
Goodwill impairment 0 0 0 54
Impairment of other intangible and long-lived assets 216 33 216 60
Total operating expenses 2,513 2,309 7,811 7,047
Operating income 738 616 3,091 2,384
Interest expense 41 43 125 131
Interest income and investment income, net 5 9 19 40
Other components of net periodic benefit cost (1) 2 (2) 12
Other income 0 0 1 0
Earnings before income taxes 703 580 2,988 2,281
Provision for income taxes 130 122 630 421
Net earnings 573 458 2,358 1,860
Net earnings attributable to noncontrolling interests (3) (2) (8) (8)
Net earnings attributable to redeemable noncontrolling interest (12) 0 (12) 0
Net earnings attributable to The Estée Lauder Companies Inc. $ 558 $ 456 $ 2,338 $ 1,852
Net earnings attributable to The Estée Lauder Companies Inc. per common share        
Basic (in dollars per share) $ 1.55 $ 1.25 $ 6.48 $ 5.10
Diluted (in dollars per share) $ 1.53 $ 1.24 $ 6.39 $ 5.03
Weighted-average common shares outstanding        
Basic (in shares) 359.2 363.6 360.7 362.9
Diluted (in shares) 363.6 369.0 365.8 368.1