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CONSOLIDATED STATEMENTS OF EARNINGS - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Mar. 31, 2023
Mar. 31, 2022
Income Statement [Abstract]        
Net sales $ 3,751 $ 4,245 $ 12,301 $ 14,176
Cost of sales 1,159 994 3,401 3,274
Gross profit 2,592 3,251 8,900 10,902
Operating expenses        
Selling, general and administrative 2,281 2,275 7,155 7,554
Restructuring and other charges 14 22 24 41
Impairment of other intangible assets 0 216 207 216
Total operating expenses 2,295 2,513 7,386 7,811
Operating income 297 738 1,514 3,091
Interest expense 58 41 156 125
Interest income and investment income, net 37 5 78 19
Other components of net periodic benefit cost (4) (1) (9) (2)
Other income 0 0 0 1
Earnings before income taxes 280 703 1,445 2,988
Provision for income taxes 125 130 403 630
Net earnings 155 573 1,042 2,358
Net earnings attributable to noncontrolling interests 0 (3) 0 (8)
Net loss (earnings) attributable to redeemable noncontrolling interest 1 (12) (3) (12)
Net earnings attributable to The Estée Lauder Companies Inc. $ 156 $ 558 $ 1,039 $ 2,338
Net earnings attributable to The Estée Lauder Companies Inc. per common share        
Basic (in dollars per share) $ 0.44 $ 1.55 $ 2.90 $ 6.48
Diluted (in dollars per share) $ 0.43 $ 1.53 $ 2.88 $ 6.39
Weighted-average common shares outstanding        
Basic (in shares) 357.9 359.2 357.8 360.7
Diluted (in shares) 361.2 363.6 360.9 365.8