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Pay vs Performance Disclosure
12 Months Ended
Jun. 30, 2024
USD ($)
Jun. 30, 2023
USD ($)
Jun. 30, 2022
USD ($)
Jun. 30, 2021
USD ($)
Jun. 28, 2024
$ / shares
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 four 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.
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.
Fiscal Year(1)
Summary
Compensation
Table Total for
PEO
Compensation
Actually Paid
to PEO(2)
Average
Summary
Compensation
Table Total for
Non-PEO
NEOs
Average
Compensation
Actually Paid
to Non-PEO
NEOs(2)
Value of Initial Fixed $100
Investment Based On:
Net
Earnings
(millions)
Adjusted
Diluted
EPS(4)
(non-GAAP)
(% Change in)
Total
Shareholder
Return
Peer Group
Total
Shareholder
Return(3)
(a)
(b)
(c)
(d)
(e)
(f)
(g)
(h)
(i)
2024 $ 17,851,573 $ (28,673,021) $ 7,009,833 $ 1,444,404 $ 59.08 $ 151.60 $ 409 (25)%
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 PEO and Non-PEO NEOs included in the above compensation columns reflect the following:
Fiscal
Year
PEO
Non-PEO NEOs
2024
Fabrizio Freda
William P. Lauder, Tracey T. Travis, Jane Hertzmark Hudis, Stéphane de La Faverie
2023
Fabrizio Freda
William P. Lauder, Tracey T. Travis, Jane Hertzmark Hudis, Peter Jueptner
2022
Fabrizio Freda
William P. Lauder, Tracey T. Travis, Jane Hertzmark Hudis, Cedric Prouvé, John Demsey
2021
Fabrizio Freda
William P. Lauder, Tracey T. Travis, Jane Hertzmark Hudis, Cedric Prouvé, John Demsey
(2)
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
2024
Adjustments ($)
PEO
Average for
Non-PEO
NEOs
Summary Compensation Table $ 17,851,573 $ 7,009,833
Less: Stock and Option Awards Values Reported in SCT for the Covered Year
(11,250,022) (3,986,697)
Plus: Fiscal Year-End Fair Value of Outstanding and Unvested Equity Awards
Granted in the Covered Year
5,021,820 1,775,783
Increase (Decrease) in Fair Value of Outstanding and Unvested Equity Awards Granted in Prior Years
(37,191,073) (2,272,296)
Increase (Decrease) in Fair Value as of Vesting Date of Equity Awards Granted and Vested in the Fiscal Year
0 0
Increase (Decrease) in Fair Value of Equity Awards Granted in Prior Years that Vested in the Covered Year
(3,665,953) (1,060,444)
Plus: Fair Value of Dividends or other Earnings Paid on Stock Awards not otherwise reflected in Fair Value or Total Compensation
1,208,513 109,299
Less: Aggregate Change in Actuarial Present Value of Accumulated Benefit
Under Pension Plans
(1,136,764) (248,775)
Plus: Aggregate Service Cost and Prior Service Costs for Pension Plans 488,885 117,700
Compensation Actually Paid
(as calculated)
$ (28,673,021) $ 1,444,404
Certain amounts may not sum due to rounding
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. The price of our Class A Common Stock used for fiscal 2024 was $106.40 (the closing stock price on June 28, 2024, the last trading day of fiscal 2024).
(3)
The peer group used in this disclosure is the S&P 500 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.
(4)
Please refer to Appendix A of this Proxy Statement for reconciliation of, and other information about, this non-GAAP measure.
       
Company Selected Measure Name AdjustedDilutedEPS        
Named Executive Officers, Footnote
(1)
The PEO and Non-PEO NEOs included in the above compensation columns reflect the following:
Fiscal
Year
PEO
Non-PEO NEOs
2024
Fabrizio Freda
William P. Lauder, Tracey T. Travis, Jane Hertzmark Hudis, Stéphane de La Faverie
2023
Fabrizio Freda
William P. Lauder, Tracey T. Travis, Jane Hertzmark Hudis, Peter Jueptner
2022
Fabrizio Freda
William P. Lauder, Tracey T. Travis, Jane Hertzmark Hudis, Cedric Prouvé, John Demsey
2021
Fabrizio Freda
William P. Lauder, Tracey T. Travis, Jane Hertzmark Hudis, Cedric Prouvé, John Demsey
       
Peer Group Issuers, Footnote
(3)
The peer group used in this disclosure is the S&P 500 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 $ 17,851,573 $ 21,811,244 $ 25,480,056 $ 65,996,984  
PEO Actually Paid Compensation Amount $ (28,673,021) (29,053,372) (14,802,124) 198,805,234  
Adjustment To PEO Compensation, Footnote
(2)
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
2024
Adjustments ($)
PEO
Average for
Non-PEO
NEOs
Summary Compensation Table $ 17,851,573 $ 7,009,833
Less: Stock and Option Awards Values Reported in SCT for the Covered Year
(11,250,022) (3,986,697)
Plus: Fiscal Year-End Fair Value of Outstanding and Unvested Equity Awards
Granted in the Covered Year
5,021,820 1,775,783
Increase (Decrease) in Fair Value of Outstanding and Unvested Equity Awards Granted in Prior Years
(37,191,073) (2,272,296)
Increase (Decrease) in Fair Value as of Vesting Date of Equity Awards Granted and Vested in the Fiscal Year
0 0
Increase (Decrease) in Fair Value of Equity Awards Granted in Prior Years that Vested in the Covered Year
(3,665,953) (1,060,444)
Plus: Fair Value of Dividends or other Earnings Paid on Stock Awards not otherwise reflected in Fair Value or Total Compensation
1,208,513 109,299
Less: Aggregate Change in Actuarial Present Value of Accumulated Benefit
Under Pension Plans
(1,136,764) (248,775)
Plus: Aggregate Service Cost and Prior Service Costs for Pension Plans 488,885 117,700
Compensation Actually Paid
(as calculated)
$ (28,673,021) $ 1,444,404
Certain amounts may not sum due to rounding
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. The price of our Class A Common Stock used for fiscal 2024 was $106.40 (the closing stock price on June 28, 2024, the last trading day of fiscal 2024).
       
Non-PEO NEO Average Total Compensation Amount $ 7,009,833 7,648,501 11,203,938 9,918,104  
Non-PEO NEO Average Compensation Actually Paid Amount $ 1,444,404 828,470 8,968,835 26,666,930  
Adjustment to Non-PEO NEO Compensation Footnote
(2)
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
2024
Adjustments ($)
PEO
Average for
Non-PEO
NEOs
Summary Compensation Table $ 17,851,573 $ 7,009,833
Less: Stock and Option Awards Values Reported in SCT for the Covered Year
(11,250,022) (3,986,697)
Plus: Fiscal Year-End Fair Value of Outstanding and Unvested Equity Awards
Granted in the Covered Year
5,021,820 1,775,783
Increase (Decrease) in Fair Value of Outstanding and Unvested Equity Awards Granted in Prior Years
(37,191,073) (2,272,296)
Increase (Decrease) in Fair Value as of Vesting Date of Equity Awards Granted and Vested in the Fiscal Year
0 0
Increase (Decrease) in Fair Value of Equity Awards Granted in Prior Years that Vested in the Covered Year
(3,665,953) (1,060,444)
Plus: Fair Value of Dividends or other Earnings Paid on Stock Awards not otherwise reflected in Fair Value or Total Compensation
1,208,513 109,299
Less: Aggregate Change in Actuarial Present Value of Accumulated Benefit
Under Pension Plans
(1,136,764) (248,775)
Plus: Aggregate Service Cost and Prior Service Costs for Pension Plans 488,885 117,700
Compensation Actually Paid
(as calculated)
$ (28,673,021) $ 1,444,404
Certain amounts may not sum due to rounding
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. The price of our Class A Common Stock used for fiscal 2024 was $106.40 (the closing stock price on June 28, 2024, the last trading day of fiscal 2024).
       
Compensation Actually Paid vs. Total Shareholder Return [MISSING IMAGE: bc_capvstsr-pn.jpg]        
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]
       
Total Shareholder Return Vs Peer Group [MISSING IMAGE: bc_capvstsr-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*
Diluted EPS (Company-Selected Measure)
Net Sales
Return on Invested Capital
Operating Income Margin Percent
       
Total Shareholder Return Amount $ 59.08 106.96 137.13 169.92  
Peer Group Total Shareholder Return Amount 151.6 140.17 131.49 123.29  
Net Income (Loss) $ 409,000,000 $ 1,010,000,000 $ 2,408,000,000 $ 2,875,000,000  
Company Selected Measure Amount (25) (52) 12 57  
PEO Name Fabrizio Freda        
Share Price | $ / shares         $ 106.4
Measure:: 1          
Pay vs Performance Disclosure          
Name Adjusted Diluted EPS        
Non-GAAP Measure Description
(4)
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 Adjusted Net Sales        
Measure:: 3          
Pay vs Performance Disclosure          
Name Adjusted Return on Invested Capital        
Measure:: 4          
Pay vs Performance Disclosure          
Name Adjusted Operating Income Margin Percent        
PEO | Equity Awards Value In Summary Compensation Table (Grant Date Value) [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ (11,250,022)        
PEO | Year-end Fair Value Of Awards Granted In The Current Fiscal Year [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 5,021,820        
PEO | Change In Fair Value Of Outstanding And Unvested Awards Granted In Prior Fiscal Years [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (37,191,073)        
PEO | Change In Fair Value As Of Vesting Date Of Current Year Awards Vested During Current Year [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0        
PEO | Change In Fair Value As Of Vesting Date Of Prior Year Awards Vested During Current Year [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (3,665,953)        
PEO | Dividends Or Other Earnings Paid On Equity Awards Not Otherwise Reflected In Fair Value [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 1,208,513        
PEO | Pension Adjustments Pension Value In Summary Compensation Table [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (1,136,764)        
PEO | Total Pension Adjustments [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 488,885        
Non-PEO NEO | Equity Awards Value In Summary Compensation Table (Grant Date Value) [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (3,986,697)        
Non-PEO NEO | Year-end Fair Value Of Awards Granted In The Current Fiscal Year [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 1,775,783        
Non-PEO NEO | Change In Fair Value Of Outstanding And Unvested Awards Granted In Prior Fiscal Years [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (2,272,296)        
Non-PEO NEO | Change In Fair Value As Of Vesting Date Of Current Year Awards Vested During Current Year [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0        
Non-PEO NEO | Change In Fair Value As Of Vesting Date Of Prior Year Awards Vested During Current Year [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (1,060,444)        
Non-PEO NEO | Dividends Or Other Earnings Paid On Equity Awards Not Otherwise Reflected In Fair Value [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 109,299        
Non-PEO NEO | Pension Adjustments Pension Value In Summary Compensation Table [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (248,775)        
Non-PEO NEO | Total Pension Adjustments [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ 117,700