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NET EARNINGS ATTRIBUTABLE TO THE ESTEE LAUDER COMPANIES INC. PER COMMON SHARE
 3 Months Ended
Sep. 30, 2023
Earnings Per Share [Abstract]  
NET EARNINGS ATTRIBUTABLE TO THE ESTEE LAUDER COMPANIES INC. PER COMMON SHARE NET EARNINGS ATTRIBUTABLE TO THE ESTÉE LAUDER COMPANIES INC. PER COMMON SHARENet earnings attributable to The Estée Lauder Companies Inc. per common share (“basic EPS”) is computed by dividing net earnings attributable to The Estée Lauder Companies Inc. by the weighted-average number of common shares outstanding and shares underlying PSUs and RSUs where the vesting conditions have been met. Net earnings attributable to The Estée Lauder Companies Inc. per common share assuming dilution (“diluted EPS”) is computed by reflecting potential dilution from stock-based awards using the treasury stock method.
A reconciliation between the numerator and denominator of the basic and diluted EPS computations is as follows:
Three Months Ended
September 30
(In millions, except per share data)20232022
Numerator:
Net earnings attributable to The Estée Lauder Companies Inc.$31 $489 
Denominator:
Weighted-average common shares outstanding – Basic
358.4 357.9 
Effect of dilutive stock options
1.3 2.7 
Effect of PSUs
0.1 0.1 
Effect of RSUs
0.7 0.7 
Weighted-average common shares outstanding – Diluted
360.5 361.4 
Net earnings attributable to The Estée Lauder Companies Inc. per common share:
Basic
$.09 $1.37 
Diluted
$.09 $1.35 

The shares of Class A Common Stock underlying stock options, RSUs and PSUs that were excluded in the computation of diluted EPS because their inclusion would be anti-dilutive were as follows:

Three Months Ended
September 30
(In millions)20232022
Stock options4.81.3
RSUs and PSUs0.1—

As of September 30, 2023 and 2022, 0.4 million and 0.4 million shares, respectively, of Class A Common Stock underlying PSUs have been excluded from the calculation of diluted EPS because the number of shares ultimately issued is contingent on the achievement of certain performance targets of the Company, as discussed in Note 9 – Stock Programs.