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SEGMENT DATA AND RELATED INFORMATION (Tables) | 9 Months Ended
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Mar. 31, 2024
Segment Reporting [Abstract] |
Schedule of segment data and related information |
|  | Three Months Ended March 31 |  |  |  | Nine Months Ended March 31
(In millions) |  | 2024 |  | 2023 |  |  |  |  |  | 2024 |  | 2023
PRODUCT CATEGORY DATA |  |  |  |  |  |  |  |  |  |  |  |
Net sales: |  |  |  |  |  |  |  |  |  |  |  |
Skin Care |  | $ | 2,060 |  |  | $ | 1,915 |  |  |  |  |  |  | $ | 5,873 |  |  | $ | 6,454 |
Makeup |  | 1,136 |  |  | 1,104 |  |  |  |  |  |  | 3,365 |  |  | 3,424 |
Fragrance |  | 575 |  |  | 577 |  |  |  |  |  |  | 1,948 |  |  | 1,907 |
Hair Care |  | 143 |  |  | 148 |  |  |  |  |  |  | 464 |  |  | 488 |
Other |  | 26 |  |  | 11 |  |  |  |  |  |  | 88 |  |  | 38 |
|  | 3,940 |  |  | 3,755 |  |  |  |  |  |  | 11,738 |  |  | 12,311 |
Returns associated with restructuring and other activities |  | — |  |  | (4) |  |  |  |  |  |  | (1) |  |  | (10) |
Net sales |  | $ | 3,940 |  |  | $ | 3,751 |  |  |  |  |  |  | $ | 11,737 |  |  | $ | 12,301 |
Operating income (loss) before charges associated with restructuring and other activities: |  |  |  |  |  |  |  |  |  |  |  |
Skin Care |  | $ | 468 |  |  | $ | 269 |  |  |  |  |  |  | $ | 920 |  |  | $ | 1,238 |
Makeup |  | 66 |  |  | (5) |  |  |  |  |  |  | 56 |  |  | (9) |
Fragrance |  | 29 |  |  | 66 |  |  |  |  |  |  | 267 |  |  | 343 |
Hair Care |  | (25) |  |  | (24) |  |  |  |  |  |  | (50) |  |  | (32) |
Other |  | 11 |  |  | 9 |  |  |  |  |  |  | 38 |  |  | 7 |
|  | 549 |  |  | 315 |  |  |  |  |  |  | 1,231 |  |  | 1,547 |
Reconciliation: |  |  |  |  |  |  |  |  |  |  |  |
Charges associated with restructuring and other activities |  | (18) |  |  | (18) |  |  |  |  |  |  | (28) |  |  | (33) |
Interest expense |  | (94) |  |  | (58) |  |  |  |  |  |  | (287) |  |  | (156) |
Interest income and investment income, net |  | 45 |  |  | 37 |  |  |  |  |  |  | 126 |  |  | 78 |
Other components of net periodic benefit cost |  | 4 |  |  | 4 |  |  |  |  |  |  | 9 |  |  | 9 |
Earnings before income taxes |  | $ | 486 |  |  | $ | 280 |  |  |  |  |  |  | $ | 1,051 |  |  | $ | 1,445 |
GEOGRAPHIC DATA(1) |  |  |  |  |  |  |  |  |  |  |  |
Net sales: |  |  |  |  |  |  |  |  |  |  |  |
The Americas |  | $ | 1,117 |  |  | $ | 1,089 |  |  |  |  |  |  | $ | 3,567 |  |  | $ | 3,447 |
Europe, the Middle East & Africa |  | 1,647 |  |  | 1,474 |  |  |  |  |  |  | 4,488 |  |  | 4,972 |
Asia/Pacific |  | 1,176 |  |  | 1,192 |  |  |  |  |  |  | 3,683 |  |  | 3,892 |
|  | 3,940 |  |  | 3,755 |  |  |  |  |  |  | 11,738 |  |  | 12,311 |
Returns associated with restructuring and other activities |  | — |  |  | (4) |  |  |  |  |  |  | (1) |  |  | (10) |
Net sales |  | $ | 3,940 |  |  | $ | 3,751 |  |  |  |  |  |  | $ | 11,737 |  |  | $ | 12,301 |
Operating income (loss): |  |  |  |  |  |  |  |  |  |  |  |
The Americas |  | $ | (6) |  |  | $ | (93) |  |  |  |  |  |  | $ | (243) |  |  | $ | (53) |
Europe, the Middle East & Africa |  | 302 |  |  | 176 |  |  |  |  |  |  | 825 |  |  | 919 |
Asia/Pacific |  | 253 |  |  | 232 |  |  |  |  |  |  | 649 |  |  | 681 |
|  | 549 |  |  | 315 |  |  |  |  |  |  | 1,231 |  |  | 1,547 |
Charges associated with restructuring and other activities |  | (18) |  |  | (18) |  |  |  |  |  |  | (28) |  |  | (33) |
Operating income |  | $ | 531 |  |  | $ | 297 |  |  |  |  |  |  | $ | 1,203 |  |  | $ | 1,514 |
(1) The net sales from the Company's travel retail business are included in the Europe, the Middle East & Africa region, and operating income attributable to these net sales are included in that region and in The Americas. The exception is for net sales and operating income of Dr.Jart+ in the travel retail channel in Korea that are reflected in Korea in the Asia/Pacific region.
Schedule of Error Corrections and Prior Period Adjustments | The tables below present the effect of the corrections for the three and nine months ended March 31, 2023, and fiscal years ended June 30, 2023 and 2022.
| Three Months Ended March 31, 2023 |  |  |  | Nine Months Ended March 31, 2023
(In millions) | As Previously Reported | Adjustments | As Adjusted |  |  |  |  |  | As Previously Reported | Adjustments | As Adjusted
PRODUCT CATEGORY DATA |  |  |  |  |  |  |  |  |  |  |
Net sales: |  |  |  |  |  |  |  |  |  |  |
Skin Care | $ | 1,922 |  | $ | (7) |  | $ | 1,915 |  |  |  |  |  |  | $ | 6,408 |  | $ | 46 |  | $ | 6,454 |
Makeup | 1,088 |  | 16 |  | 1,104 |  |  |  |  |  |  | 3,408 |  | 16 |  | 3,424 |
Fragrance | 585 |  | (8) |  | 577 |  |  |  |  |  |  | 1,967 |  | (60) |  | 1,907 |
Hair Care | 149 |  | (1) |  | 148 |  |  |  |  |  |  | 489 |  | (1) |  | 488 |
Other | 11 |  | — |  | 11 |  |  |  |  |  |  | 39 |  | (1) |  | 38 |
| 3,755 |  | — |  | 3,755 |  |  |  |  |  |  | 12,311 |  | — |  | 12,311 |
Returns associated with restructuring and other activities | (4) |  | — |  | (4) |  |  |  |  |  |  | (10) |  | — |  | (10) |
Net sales | $ | 3,751 |  | $ | — |  | $ | 3,751 |  |  |  |  |  |  | $ | 12,301 |  | $ | — |  | $ | 12,301 |
Operating income (loss): |  |  |  |  |  |  |  |  |  |  |
Skin Care | $ | 256 |  | $ | 13 |  | $ | 269 |  |  |  |  |  |  | $ | 1,207 |  | $ | 31 |  | $ | 1,238 |
Makeup | (15) |  | 10 |  | (5) |  |  |  |  |  |  | (36) |  | 27 |  | (9) |
Fragrance | 89 |  | (23) |  | 66 |  |  |  |  |  |  | 399 |  | (56) |  | 343 |
Hair Care | (24) |  | — |  | (24) |  |  |  |  |  |  | (31) |  | (1) |  | (32) |
Other | 9 |  | — |  | 9 |  |  |  |  |  |  | 8 |  | (1) |  | 7 |
| 315 |  | — |  | 315 |  |  |  |  |  |  | 1,547 |  | — |  | 1,547 |
Charges associated with restructuring and other activities | (18) |  | — |  | (18) |  |  |  |  |  |  | (33) |  | — |  | (33) |
Operating income | $ | 297 |  | $ | — |  | $ | 297 |  |  |  |  |  |  | $ | 1,514 |  | $ | — |  | $ | 1,514 |
| Year Ended June 30, 2023 |  |  |  | Year Ended June 30, 2022
(In millions) | As Previously Reported | Adjustments | As Adjusted |  |  |  |  |  | As Previously Reported | Adjustments | As Adjusted
PRODUCT CATEGORY DATA |  |  |  |  |  |  |  |  |  |  |
Net sales: |  |  |  |  |  |  |  |  |  |  |
Skin Care | $ | 8,202 |  | $ | 47 |  | $ | 8,249 |  |  |  |  |  |  | $ | 9,886 |  | $ | 16 |  | $ | 9,902 |
Makeup | 4,516 |  | 16 |  | 4,532 |  |  |  |  |  |  | 4,667 |  | 3 |  | 4,670 |
Fragrance | 2,512 |  | (61) |  | 2,451 |  |  |  |  |  |  | 2,508 |  | (17) |  | 2,491 |
Hair Care | 653 |  | (1) |  | 652 |  |  |  |  |  |  | 631 |  | — |  | 631 |
Other | 54 |  | (1) |  | 53 |  |  |  |  |  |  | 49 |  | (2) |  | 47 |
| 15,937 |  | — |  | 15,937 |  |  |  |  |  |  | 17,741 |  | — |  | 17,741 |
Returns associated with restructuring and other activities | (27) |  | — |  | (27) |  |  |  |  |  |  | (4) |  | — |  | (4) |
Net sales | $ | 15,910 |  | $ | — |  | $ | 15,910 |  |  |  |  |  |  | $ | 17,737 |  | $ | — |  | $ | 17,737 |
Operating income (loss): |  |  |  |  |  |  |  |  |  |  |
Skin Care | $ | 1,204 |  | $ | 73 |  | $ | 1,277 |  |  |  |  |  |  | $ | 2,753 |  | $ | 23 |  | $ | 2,776 |
Makeup | (22) |  | 1 |  | (21) |  |  |  |  |  |  | 133 |  | (7) |  | 126 |
Fragrance | 440 |  | (70) |  | 370 |  |  |  |  |  |  | 456 |  | (15) |  | 441 |
Hair Care | (34) |  | (2) |  | (36) |  |  |  |  |  |  | (28) |  | — |  | (28) |
Other | 6 |  | (2) |  | 4 |  |  |  |  |  |  | 0 |  | (1) |  | (1) |
| 1,594 |  | — |  | 1,594 |  |  |  |  |  |  | 3,314 |  | — |  | 3,314 |
Charges associated with restructuring and other activities | (85) |  | — |  | (85) |  |  |  |  |  |  | (144) |  | — |  | (144) |
Operating income | $ | 1,509 |  | $ | — |  | $ | 1,509 |  |  |  |  |  |  | $ | 3,170 |  | $ | — |  | $ | 3,170 |

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