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NET EARNINGS ATTRIBUTABLE TO THE ESTEE LAUDER COMPANIES INC. PER COMMON SHARE (Tables) | 6 Months Ended
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Dec. 31, 2023
Earnings Per Share [Abstract] |
Schedule of reconciliation between the numerator and denominator of the basic and diluted EPS computations | A reconciliation between the numerator and denominator of the basic and diluted EPS computations is as follows:
|  | Three Months Ended December 31 |  |  |  | Six Months Ended December 31
(In millions, except per share data) |  | 2023 |  | 2022 |  |  |  |  |  | 2023 |  | 2022
Numerator: |  |  |  |  |  |  |  |  |  |  |  |
Net earnings attributable to The Estée Lauder Companies Inc. |  | $ | 313 |  |  | $ | 394 |  |  |  |  |  |  | $ | 344 |  |  | $ | 883 |
Denominator: |  |  |  |  |  |  |  |  |  |  |  |
Weighted average common shares outstanding – Basic |  | 358.7 |  |  | 357.7 |  |  |  |  |  |  | 358.6 |  |  | 357.8 |
Effect of dilutive stock options |  | 0.7 |  |  | 2.1 |  |  |  |  |  |  | 1.0 |  | 2.4
Effect of PSUs |  | 0.1 |  |  | 0.1 |  |  |  |  |  |  | 0.1 |  | 0.1
Effect of RSUs |  | 0.5 |  |  | 0.5 |  |  |  |  |  |  | 0.6 |  | 0.6
Weighted average common shares outstanding – Diluted |  | 360.0 |  |  | 360.4 |  |  |  |  |  |  | 360.3 |  |  | 360.9 |
Net earnings attributable to The Estée Lauder Companies Inc. per common share: |  |  |  |  |  |  |  |  |  |  |  |
Basic |  | $ | .87 |  |  | $ | 1.10 |  |  |  |  |  |  | $ | .96 |  |  | $ | 2.47 |
Diluted |  | $ | .87 |  |  | $ | 1.09 |  |  |  |  |  |  | $ | .95 |  |  | $ | 2.45 |
Schedule of antidilutive securities excluded from computation of earnings per share | 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 December 31 |  | Six Months Ended December 31
(In millions) | 2023 |  | 2022 |  | 2023 |  | 2022
Stock options | 6.6 |  | 2.9 |  | 5.7 |  | 2.1
RSUs and PSUs | 1.3 |  | 0.1 |  | 0.7 |  | 0.1

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- Definition Tabular disclosure of securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented, by antidilutive securities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-1 + Details
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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-1 + Details
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