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Pay vs Performance Disclosure - USD ($)
12 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2020
Pay vs Performance Disclosure        
Pay vs Performance Disclosure, Table
Pay Versus Performance
Below is disclosure relating to the compensation of our Named Executive Officers (“NEOs”) for the last three fiscal years calculated in accordance with Item 402(v) of Regulation S-K under the Securities Exchange Act of 1934 (“Item 402(v)”). Item 402(v) requires disclosure of  “compensation actually paid” ​(referred to herein as “Compensation Actually Paid” or the “CAP Amounts”) for the Principal Executive Officer (“PEO”) and the Non-PEO NEOs based on calculations that report, among other things, changes in the value of equity awards (i) granted in prior fiscal years, (ii) granted during the fiscal year, and (iii) vested during the fiscal year.
The Compensation Committee and the Stock Plan Subcommittee do not use the CAP Amounts when making compensation decisions. For a discussion of how our Company seeks to align pay with performance when making compensation decisions, please review the “Compensation Discussion and Analysis – Elements of Compensation.”
The following tables and related disclosures provide information concerning our PEO and Non-PEO NEOs with regard to (i) the Summary Compensation Table (“SCT”) Total and (ii) the CAP Amounts. The PEO is Fabrizio Freda for all years shown in the table. The Non-PEO NEOs are
William P. Lauder (all years), Tracey T. Travis (all years), Jane Hertzmark Hudis (2023 and 2022), Peter Jueptner (2023), Cedric Prouvé (2022 and 2021), and John Demsey (2022 and 2021).
Fiscal Year
Summary
Compensation
Table Total for
PEO
Compensation
Actually Paid
to PEO(1)
Average
Summary
Compensation
Table Total for
Non-PEO
NEOs
Average
Compensation
Actually Paid
to Non-PEO
NEOs(1)
Value of Initial Fixed $100
Investment Based On:
Net
Earnings
(millions)
Adjusted
EPS(3)
(non-GAAP)
(% Change in)
Total
Shareholder
Return
Peer Group
Total
Shareholder
Return(2)
(a)
(b)
(c)
(d)
(e)
(f)
(g)
(h)
(i)
2023 $ 21,811,244 $ (29,053,372) $ 7,648,501 $ 828,470 $ 106.96 $ 140.17 $ 1,010 (52)%
2022 25,480,056 (14,802,124) 11,203,938 8,968,835 137.13 131.49 2,408 12%
2021 65,996,984 198,805,234 9,918,104 26,666,930 169.92 123.29 2,875 57%
(1)
The following table describes the adjustments, each of which is required by Item 402(v), to calculate the CAP Amounts shown in the table above.
Fiscal Year
2023
2022
2021
Adjustments ($)
PEO
Average for
Non-PEO
NEOs*
PEO
Average for
Non-PEO
NEOs*
PEO
Average for
Non-PEO
NEOs*
Summary Compensation Table
$ 21,811,244 $ 7,648,501 $ 25,480,056 $ 11,203,938 $ 65,996,984 $ 9,918,104
Less: Stock and Option
Awards Values Reported in
SCT for the Covered Year
(15,625,008) (4,849,436) (14,825,039) (6,642,574) (55,644,760) (5,173,955)
Plus: Fiscal Year-End Fair
Value of Outstanding and
Unvested Equity Awards
Granted in the Covered
Year
8,765,725 2,876,831 11,311,591 4,591,577 78,552,484 9,736,762
Increase (Decrease) in Fair
Value of Outstanding and
Unvested Equity Awards
Granted in Prior Years
(35,941,852) (4,253,191) (34,764,409) (2,082,351) 83,008,440 8,984,489
Increase (Decrease) in Fair
Value as of Vesting Date of
Equity Awards Granted and
Vested in the Fiscal Year
0 0 0 462,276 0 0
Increase (Decrease) in Fair
Value of Equity Awards
Granted in Prior Years that
Vested in the Covered Year
(8,810,463) (465,290) (3,001,535) 1,399,154 25,424,068 3,153,442
Plus: Fair Value of Dividends
or other Earnings Paid on
Stock Awards not otherwise
reflected in Fair Value or
Total Compensation
1,493,269 82,185 1,673,197 98,928 1,575,927 105,402
Less: Aggregate Change in
Actuarial Present Value of
Accumulated Benefit Under
Pension Plans
(1,057,600) (320,134) (974,688) (197,538) (685,266) (214,243)
Plus: Aggregate Service Cost
and Prior Service Costs for
Pension Plans
311,313 109,003 298,703 135,426 577,357 156,929
Compensation Actually Paid
(as calculated)
$ (29,053,372) $ 828,470 $ (14,802,124) $ 8,968,835 $ 198,805,234 $ 26,666,930
*
Amounts presented are averages for the entire group of Non-PEO NEOs in each respective year.
The equity valuation methodology was kept consistent with those used at the time of grant, with assumptions updated to reflect information available at the time of each valuation, including payout estimates. Instead of using the target payout amounts for PSUs, we used the
total expected payout based on estimates of performance in future years. EL stock prices used for each fiscal year end were: June 30, 2023: $196.38; June 30, 2022: $254.67; June 30, 2021: $318.08; June 30, 2020: $188.68.
(2)
The peer group used in this disclosure is the S&P Consumer Staples Index, which is the same peer group used in Part II, Item 5 of our Form 10-K for each of the fiscal years shown.
(3)
Please refer to Appendix A of this Proxy Statement for reconciliation of, and other information about, this non-GAAP measure.
     
Company Selected Measure Name AdjustedEPS      
Named Executive Officers, Footnote The PEO is Fabrizio Freda for all years shown in the table. The Non-PEO NEOs are
William P. Lauder (all years), Tracey T. Travis (all years), Jane Hertzmark Hudis (2023 and 2022), Peter Jueptner (2023), Cedric Prouvé (2022 and 2021), and John Demsey (2022 and 2021).
     
Peer Group Issuers, Footnote
(2)
The peer group used in this disclosure is the S&P Consumer Staples Index, which is the same peer group used in Part II, Item 5 of our Form 10-K for each of the fiscal years shown.
     
PEO Total Compensation Amount $ 21,811,244 $ 25,480,056 $ 65,996,984  
PEO Actually Paid Compensation Amount $ (29,053,372) (14,802,124) 198,805,234  
Adjustment To PEO Compensation, Footnote
(1)
The following table describes the adjustments, each of which is required by Item 402(v), to calculate the CAP Amounts shown in the table above.
Fiscal Year
2023
2022
2021
Adjustments ($)
PEO
Average for
Non-PEO
NEOs*
PEO
Average for
Non-PEO
NEOs*
PEO
Average for
Non-PEO
NEOs*
Summary Compensation Table
$ 21,811,244 $ 7,648,501 $ 25,480,056 $ 11,203,938 $ 65,996,984 $ 9,918,104
Less: Stock and Option
Awards Values Reported in
SCT for the Covered Year
(15,625,008) (4,849,436) (14,825,039) (6,642,574) (55,644,760) (5,173,955)
Plus: Fiscal Year-End Fair
Value of Outstanding and
Unvested Equity Awards
Granted in the Covered
Year
8,765,725 2,876,831 11,311,591 4,591,577 78,552,484 9,736,762
Increase (Decrease) in Fair
Value of Outstanding and
Unvested Equity Awards
Granted in Prior Years
(35,941,852) (4,253,191) (34,764,409) (2,082,351) 83,008,440 8,984,489
Increase (Decrease) in Fair
Value as of Vesting Date of
Equity Awards Granted and
Vested in the Fiscal Year
0 0 0 462,276 0 0
Increase (Decrease) in Fair
Value of Equity Awards
Granted in Prior Years that
Vested in the Covered Year
(8,810,463) (465,290) (3,001,535) 1,399,154 25,424,068 3,153,442
Plus: Fair Value of Dividends
or other Earnings Paid on
Stock Awards not otherwise
reflected in Fair Value or
Total Compensation
1,493,269 82,185 1,673,197 98,928 1,575,927 105,402
Less: Aggregate Change in
Actuarial Present Value of
Accumulated Benefit Under
Pension Plans
(1,057,600) (320,134) (974,688) (197,538) (685,266) (214,243)
Plus: Aggregate Service Cost
and Prior Service Costs for
Pension Plans
311,313 109,003 298,703 135,426 577,357 156,929
Compensation Actually Paid
(as calculated)
$ (29,053,372) $ 828,470 $ (14,802,124) $ 8,968,835 $ 198,805,234 $ 26,666,930
*
Amounts presented are averages for the entire group of Non-PEO NEOs in each respective year.
The equity valuation methodology was kept consistent with those used at the time of grant, with assumptions updated to reflect information available at the time of each valuation, including payout estimates. Instead of using the target payout amounts for PSUs, we used the
total expected payout based on estimates of performance in future years. EL stock prices used for each fiscal year end were: June 30, 2023: $196.38; June 30, 2022: $254.67; June 30, 2021: $318.08; June 30, 2020: $188.68.
     
Non-PEO NEO Average Total Compensation Amount $ 7,648,501 11,203,938 9,918,104  
Non-PEO NEO Average Compensation Actually Paid Amount $ 828,470 8,968,835 26,666,930  
Adjustment to Non-PEO NEO Compensation Footnote
(1)
The following table describes the adjustments, each of which is required by Item 402(v), to calculate the CAP Amounts shown in the table above.
Fiscal Year
2023
2022
2021
Adjustments ($)
PEO
Average for
Non-PEO
NEOs*
PEO
Average for
Non-PEO
NEOs*
PEO
Average for
Non-PEO
NEOs*
Summary Compensation Table
$ 21,811,244 $ 7,648,501 $ 25,480,056 $ 11,203,938 $ 65,996,984 $ 9,918,104
Less: Stock and Option
Awards Values Reported in
SCT for the Covered Year
(15,625,008) (4,849,436) (14,825,039) (6,642,574) (55,644,760) (5,173,955)
Plus: Fiscal Year-End Fair
Value of Outstanding and
Unvested Equity Awards
Granted in the Covered
Year
8,765,725 2,876,831 11,311,591 4,591,577 78,552,484 9,736,762
Increase (Decrease) in Fair
Value of Outstanding and
Unvested Equity Awards
Granted in Prior Years
(35,941,852) (4,253,191) (34,764,409) (2,082,351) 83,008,440 8,984,489
Increase (Decrease) in Fair
Value as of Vesting Date of
Equity Awards Granted and
Vested in the Fiscal Year
0 0 0 462,276 0 0
Increase (Decrease) in Fair
Value of Equity Awards
Granted in Prior Years that
Vested in the Covered Year
(8,810,463) (465,290) (3,001,535) 1,399,154 25,424,068 3,153,442
Plus: Fair Value of Dividends
or other Earnings Paid on
Stock Awards not otherwise
reflected in Fair Value or
Total Compensation
1,493,269 82,185 1,673,197 98,928 1,575,927 105,402
Less: Aggregate Change in
Actuarial Present Value of
Accumulated Benefit Under
Pension Plans
(1,057,600) (320,134) (974,688) (197,538) (685,266) (214,243)
Plus: Aggregate Service Cost
and Prior Service Costs for
Pension Plans
311,313 109,003 298,703 135,426 577,357 156,929
Compensation Actually Paid
(as calculated)
$ (29,053,372) $ 828,470 $ (14,802,124) $ 8,968,835 $ 198,805,234 $ 26,666,930
*
Amounts presented are averages for the entire group of Non-PEO NEOs in each respective year.
The equity valuation methodology was kept consistent with those used at the time of grant, with assumptions updated to reflect information available at the time of each valuation, including payout estimates. Instead of using the target payout amounts for PSUs, we used the
total expected payout based on estimates of performance in future years. EL stock prices used for each fiscal year end were: June 30, 2023: $196.38; June 30, 2022: $254.67; June 30, 2021: $318.08; June 30, 2020: $188.68.
     
Compensation Actually Paid vs. Total Shareholder Return
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Compensation Actually Paid vs. Net Income
[MISSING IMAGE: bc_capvsnetearn-pn.jpg]
     
Compensation Actually Paid vs. Company Selected Measure
[MISSING IMAGE: bc_capvsadjusteps-pn.jpg]
     
Tabular List, Table
The following table lists the financial performance metrics that, in our assessment, represent the most important financial performance measures we use to link compensation actually paid to our NEOs for the most recently completed fiscal year.
Adjusted Performance Measures*
EPS (Company-Selected Measure)
Net Sales
ROIC
OI Margin Percent
     
Total Shareholder Return Amount $ 106.96 137.13 169.92  
Peer Group Total Shareholder Return Amount 140.17 131.49 123.29  
Net Income (Loss) $ 1,010,000,000 $ 2,408,000,000 $ 2,875,000,000  
Company Selected Measure Amount (52) 12 57  
PEO Name Fabrizio Freda Fabrizio Freda Fabrizio Freda  
Share Price $ 196.38 $ 254.67 $ 318.08 $ 188.68
Measure:: 1        
Pay vs Performance Disclosure        
Name EPS (Company-Selected Measure)      
Non-GAAP Measure Description
(3)
Please refer to Appendix A of this Proxy Statement for reconciliation of, and other information about, this non-GAAP measure.
     
Measure:: 2        
Pay vs Performance Disclosure        
Name Net Sales      
Measure:: 3        
Pay vs Performance Disclosure        
Name ROIC      
Measure:: 4        
Pay vs Performance Disclosure        
Name OI Margin Percent      
PEO | Stock And Option Awards Values Reported in SCT For the Covered Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount $ (15,625,008) $ (14,825,039) $ (55,644,760)  
PEO | Fiscal Year-End Fair Value of Outstanding and Unvested Equity Awards Granted in The Covered Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 8,765,725 11,311,591 78,552,484  
PEO | Fair Value of Outstanding and Unvested Equity Awards Granted in Prior Years [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (35,941,852) (34,764,409) 83,008,440  
PEO | Fair Value as Of Vesting Date of Equity Awards Granted and Vested in The Fiscal Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 0 0 0  
PEO | Fair Value of Equity Awards Granted in Prior Years That Vested in The Covered Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (8,810,463) (3,001,535) 25,424,068  
PEO | Fair Value of Dividends or Other Earnings Paid on Stock Awards Not Otherwise Reflected in Fair Value or Total Compensation [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 1,493,269 1,673,197 1,575,927  
PEO | Aggregate Change in Actuarial Present Value of Accumulated Benefit Under Pension Plans [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (1,057,600) (974,688) (685,266)  
PEO | Aggregate Service Cost and Prior Service Costs for Pension Plan [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 311,313 298,703 577,357  
Non-PEO NEO | Stock And Option Awards Values Reported in SCT For the Covered Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (4,849,436) (6,642,574) (5,173,955)  
Non-PEO NEO | Fiscal Year-End Fair Value of Outstanding and Unvested Equity Awards Granted in The Covered Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 2,876,831 4,591,577 9,736,762  
Non-PEO NEO | Fair Value of Outstanding and Unvested Equity Awards Granted in Prior Years [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (4,253,191) (2,082,351) 8,984,489  
Non-PEO NEO | Fair Value as Of Vesting Date of Equity Awards Granted and Vested in The Fiscal Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 0 462,276 0  
Non-PEO NEO | Fair Value of Equity Awards Granted in Prior Years That Vested in The Covered Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (465,290) 1,399,154 3,153,442  
Non-PEO NEO | Fair Value of Dividends or Other Earnings Paid on Stock Awards Not Otherwise Reflected in Fair Value or Total Compensation [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 82,185 98,928 105,402  
Non-PEO NEO | Aggregate Change in Actuarial Present Value of Accumulated Benefit Under Pension Plans [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (320,134) (197,538) (214,243)  
Non-PEO NEO | Aggregate Service Cost and Prior Service Costs for Pension Plan [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount $ 109,003 $ 135,426 $ 156,929