XML 286 R47.htm IDEA: XBRL DOCUMENT
v3.25.2

DERIVATIVE FINANCIAL INSTRUMENTS (Tables) | 12 Months Ended
--- | ---
Jun. 30, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Schedule of fair values of the derivative financial instruments included in the consolidated balance sheets | The fair values of the Company’s derivative financial instruments included in the consolidated balance sheets are presented as follows:
|  | Asset Derivatives |  | Liability Derivatives
|  |  |  | Fair Value (1) |  |  |  | Fair Value (1)
|  |  |  | June 30 |  |  |  | June 30
(In millions) |  | Balance Sheet Location |  | 2025 |  | 2024 |  | Balance Sheet Location |  | 2025 |  | 2024
Derivatives Designated as Hedging Instruments: |  |  |  |  |  |  |  |  |  |  |  |
Foreign currency forward contracts(2) |  | Prepaid expenses and other current assets; Other assets |  | $ | 7 |  |  | $ | 49 |  |  | Other accrued liabilities |  | $ | 82 |  |  | $ | 4 |
Cross-currency swap contracts(3) |  | Prepaid expenses and other current assets; Other assets |  | 50 |  |  | 80 |  |  | Other accrued liabilities |  | 15 |  |  | — |
Interest rate contracts |  |  |  | — |  |  | — |  |  | Other accrued liabilities |  | 104 |  |  | 145 |
Total Derivatives Designated as Hedging Instruments |  |  |  | 57 |  |  | 129 |  |  |  |  | 201 |  |  | 149 |
Derivatives Not Designated as Hedging Instruments: |  |  |  |  |  |  |  |  |  |  |  |
Foreign currency forward contracts |  | Prepaid expenses and other current assets |  | 25 |  |  | 19 |  |  | Other accrued liabilities |  | 15 |  |  | 17 |
Total derivatives |  |  |  | $ | 82 |  |  | $ | 148 |  |  |  |  | $ | 216 |  |  | $ | 166 |
(1)See Note 14 – Fair Value Measurements for further information about how the fair value of derivative assets and liabilities are determined. (2)Included in the asset derivatives for the foreign currency forward contracts at June 30, 2024 is $2 million, classified within Other assets in the accompanying consolidated balance sheets. There were no amounts classified in Other assets at June 30, 2025. (3)Included in the asset derivatives for the cross-currency swap contracts at June 30, 2025 and June 30, 2024 is approximately $40 million and $70 million, respectively, classified within Other assets in the accompanying consolidated balance sheets.
Schedule of gains and losses related to derivative financial instruments designated as hedging instruments that are included in the assessment of effectiveness | The amounts of the gains and losses related to the Company’s derivative financial instruments designated as hedging instruments that are included in the assessment of effectiveness are as follows:
|  | Amount of Gain (Loss) Recognized in OCI on Derivatives |  | Location of Gain (Loss) Reclassified |  | Amount of Gain (Loss) Reclassified from AOCI into (Loss) Earnings(1)
|  | June 30 |  | from AOCI into |  | June 30
(In millions) |  | 2025 |  | 2024 |  | (Loss) Earnings |  | 2025 |  | 2024
Derivatives in Cash Flow Hedging Relationships: |  |  |  |  |  |  |  |  |  |
Foreign currency forward contracts |  | $ | (52) |  |  | $ | 47 |  |  | Net sales |  | $ | 35 |  |  | $ | 50 |
Interest rate contracts |  | — |  |  | — |  |  | Interest expense |  | 2 |  |  | — |
Total cash flow hedges |  | (52) |  |  | 47 |  |  |  |  | 37 |  |  | 50 |
Derivatives in Net Investment Hedging Relationships(2): |  |  |  |  |  |  |  |  |  |
Foreign currency forward contracts(3) |  | (63) |  |  | 1 |  |  |  |  | — |  |  | — |
Cross-currency swap contracts(4) |  | (15) |  |  | — |  |  |  |  | — |  |  | — |
Total net investment hedges |  | (78) |  |  | 1 |  |  |  |  | — |  |  | — |
Total derivatives |  | $ | (130) |  |  | $ | 48 |  |  |  |  | $ | 37 |  |  | $ | 50 |
(1)The amount reclassified into the accompanying consolidated statements of (loss) earnings as a result of the discontinuance of cash flow hedges because it is probable that forecasted transactions will not occur by the end of the original time period was not material. (2)Included within translation adjustments as a component of AOCI on the Company’s consolidated balance sheets. (3)During fiscal 2025 and 2024 the gain recognized in the accompanying consolidated statements of (loss) earnings from foreign currency forward contracts related to the amount excluded from effectiveness testing was $21 million and $17 million, respectively. (4)During fiscal 2025 the gain recognized in the accompanying consolidated statements of (loss) earnings from cross-currency swap contracts related to the amount excluded from effectiveness testing was $7 million.
|  |  |  | Amount of Gain (Loss) Recognized in (Loss) Earnings on Derivatives
|  | Location of Gain (Loss) |  | June 30
(In millions) |  | Recognized in (Loss) Earnings on Derivatives |  | 2025 |  | 2024
Derivatives in Fair Value Hedging Relationships: |  |  |  |  |  |
Cross-currency swap contracts(1) |  | Selling, general and administrative |  | $ | (45) |  |  | $ | 44 |
Interest rate contracts(2) |  | Interest expense |  | $ | 42 |  |  | $ | 5 |
(1)Changes in the fair value representing hedge components included in the assessment of effectiveness of the cross-currency swap contracts are exactly offset by the change in the fair value of the underlying intercompany foreign currency denominated debt. The gain recognized in the accompanying consolidated statements of (loss) earnings from cross-currency swap contracts related to the amount excluded from effectiveness testing in fiscal 2025 and 2024 was $19 million. (2)Changes in the fair value of the interest rate contracts are exactly offset by the change in the fair value of the underlying long-term debt.
Schedule of cumulative amount of fair value hedging adjustments for designated and qualifying hedged items | Additional information regarding the cumulative amount of fair value hedging gain (loss) recognized in in the accompanying consolidated statements of (loss) earnings for items designated and qualifying as hedged items in fair value hedges is as follows:
(In millions) |  |
Line Item in the Consolidated Balance Sheets in Which the Hedged Item is Included |  | Carrying Amount of the Hedged Liabilities |  | Cumulative Amount of Fair Value Hedging Gain (Loss) Included in the Carrying Amount of the Hedged Liability
|  | June 30, 2025 |  | June 30, 2025
Long-term debt |  | $ | 891 |  |  | $ | (104) |
Intercompany debt |  | $ | — |  |  | $ | 42 |
Schedule of effects of fair value and cash flow hedging relationships for designated and qualified hedging instruments | Additional information regarding the effects of fair value and cash flow hedging relationships for derivatives designated and qualifying as hedging instruments is as follows:
|  | June 30
|  | 2025 |  | 2024
(In millions) |  | Net Sales |  | Selling, General and Administrative |  | Interest Expense |  | Net Sales |  | Selling, General and Administrative |  | Interest Expense
Total amounts of income and expense line items presented in the consolidated statements of (loss) earnings in which the effects of fair value and cash flow hedges are recorded |  | $ | 14,326 |  |  | $ | 9,456 |  |  | $ | 357 |  |  | $ | 15,608 |  |  | $ | 9,621 |  |  | $ | 378 |
The effects of fair value and cash flow hedging relationships: |  |  |  |  |  |  |  |  |  |  |  |
Gain (loss) on fair value hedge relationships – interest rate contracts: |  |  |  |  |  |  |  |  |  |  |  |
Hedged item |  | N/A |  | N/A |  | (42) |  |  | N/A |  | N/A |  | (5) |
Derivatives designated as hedging instruments |  | N/A |  | N/A |  | 42 |  |  | N/A |  | N/A |  | 5 |
Gain (loss) on fair value hedge relationships – cross-currency swap contracts: |  |  |  |  |  |  |  |  |  |  |  |
Hedged item |  | N/A |  | 45 |  |  | N/A |  | N/A |  | (44) |  |  | N/A
Derivatives designated as hedging instruments |  | N/A |  | (45) |  |  | N/A |  | N/A |  | 44 |  |  | N/A
Gain on cash flow hedge relationships – interest rate contracts: |  |  |  |  |  |  |  |  |  |  |  |
Amount of gain reclassified from AOCI |  | N/A |  | N/A |  | 2 |  |  | N/A |  | N/A |  | — |
Gain on cash flow hedge relationships – foreign currency forward contracts: |  |  |  |  |  |  |  |  |  |  |  |
Amount of gain reclassified from AOCI |  | 35 |  |  | N/A |  | N/A |  | 50 |  |  | N/A |  | N/A
N/A (Not applicable)
|  |  |  |  |  |  | June 30,
|  |  |  | 2023
(In millions) |  |  |  |  |  |  |  | Net Sales |  | Selling, General and Administrative |  | Interest Expense
Total amounts of income and expense line items presented in the consolidated statements of (loss) earnings in which the effects of fair value and cash flow hedges are recorded |  |  |  |  |  |  |  | $ | 15,910 |  |  | $ | 9,575 |  |  | $ | 255 |
The effects of fair value and cash flow hedging relationships: |  |  |  |  |  |  |  |  |  |  |  |
Gain (loss) on fair value hedge relationships – interest rate contracts: |  |  |  |  |  |  |  |  |  |  |  |
Hedged item |  |  |  |  |  |  |  | N/A |  | N/A |  | 36 |
Derivatives designated as hedging instruments |  |  |  |  |  |  |  | N/A |  | N/A |  | (36) |
Gain (loss) on fair value hedge relationships – cross-currency swap contracts: |  |  |  |  |  |  |  |  |  |  |  |
Hedged item |  |  |  |  |  |  |  | N/A |  | (42) |  |  | N/A
Derivatives designated as hedging instruments |  |  |  |  |  |  |  | N/A |  | 42 |  |  | N/A
Loss on cash flow hedge relationships – interest rate contracts: |  |  |  |  |  |  |  |  |  |  |  |
Amount of loss reclassified from AOCI |  |  |  |  |  |  |  | N/A |  | N/A |  | (1) |
Gain on cash flow hedge relationships – foreign currency forward contracts: |  |  |  |  |  |  |  |  |  |  |  |
Amount of gain reclassified from AOCI |  |  |  |  |  |  |  | 71 |  |  | N/A |  | N/A
N/A (Not applicable)
Schedule of gains and losses related to derivative financial instruments not designated as hedging instruments | The amount of the gains and losses related to the Company’s derivative financial instruments not designated as hedging instruments are presented as follows:
|  |  |  | Amount of Gain (Loss) Recognized in (Loss) Earnings on Derivatives
|  | Location of Gain (Loss) |  | June 30,
(In millions) |  | Recognized in (Loss) Earnings on Derivatives |  | 2025 |  | 2024
Derivatives Not Designated as Hedging Instruments: |  |  |  |  |  |
Foreign currency forward contracts |  | Selling, general and administrative |  | $ | (22) |  |  | $ | 62 |
Schedule of Offsetting Liabilities | The following table provides information as if the Company had elected to offset the asset and liability balances of derivative instruments, netted in accordance with various criteria in the event of default or termination as stipulated by the terms of netting arrangements with each of the counterparties:
|  |  | As of June 30, 2025 |  | As of June 30, 2024 |  |
(In millions) |  |  | Gross Amounts of Assets / (Liabilities) Presented in Balance Sheet |  | Contracts Subject to Netting |  | Net Amounts of Assets / (Liabilities) |  | Gross Amounts of Assets / (Liabilities) Presented in Balance Sheet |  | Contracts Subject to Netting |  | Net Amounts of Assets / (Liabilities) |  |  |  |
Derivative Financial Instruments |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Derivative assets |  |  | $ | 82 |  |  | $ | (60) |  |  | $ | 22 |  |  | $ | 148 |  |  | $ | (49) |  |  | $ | 99 |  |  |  |  |
Derivative liabilities |  |  | (216) |  |  | 60 |  |  | (156) |  |  | (166) |  |  | 49 |  |  | (117) |  |  |  |  |
Total derivatives |  |  | $ | (134) |  |  | $ | — |  |  | $ | (134) |  |  | $ | (18) |  |  | $ | — |  |  | $ | (18) |  |  |  |  |
Schedule of Offsetting Assets | The following table provides information as if the Company had elected to offset the asset and liability balances of derivative instruments, netted in accordance with various criteria in the event of default or termination as stipulated by the terms of netting arrangements with each of the counterparties:
|  |  | As of June 30, 2025 |  | As of June 30, 2024 |  |
(In millions) |  |  | Gross Amounts of Assets / (Liabilities) Presented in Balance Sheet |  | Contracts Subject to Netting |  | Net Amounts of Assets / (Liabilities) |  | Gross Amounts of Assets / (Liabilities) Presented in Balance Sheet |  | Contracts Subject to Netting |  | Net Amounts of Assets / (Liabilities) |  |  |  |
Derivative Financial Instruments |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Derivative assets |  |  | $ | 82 |  |  | $ | (60) |  |  | $ | 22 |  |  | $ | 148 |  |  | $ | (49) |  |  | $ | 99 |  |  |  |  |
Derivative liabilities |  |  | (216) |  |  | 60 |  |  | (156) |  |  | (166) |  |  | 49 |  |  | (117) |  |  |  |  |
Total derivatives |  |  | $ | (134) |  |  | $ | — |  |  | $ | (134) |  |  | $ | (18) |  |  | $ | — |  |  | $ | (18) |  |  |  |  |

X
- Definition Table disclosure for cumulative amount of fair value hedging adjustments for designated and qualifying hedged items. + References No definition available. + Details
Name: | el_ScheduleOfCumulativeAmountOfFairValueHedgingAdjustmentsForDesignatedAndQualifyingHedgedItemsTableTextBlock
Namespace Prefix: | el_
Data Type: | dtr-types1:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of effects of fair value and cash flow hedging relationships for designated and qualified hedging instruments. + References No definition available. + Details
Name: | el_ScheduleOfEffectsOfFairValueAndCashFlowHedgingRelationshipsForDesignatedAndQualifiedHedgingInstrumentsTableTextBlock
Namespace Prefix: | el_
Data Type: | dtr-types1:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of derivative and other financial assets that are subject to offsetting, including master netting arrangements. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 210 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483466/210-20-50-4 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483466/210-20-50-3 + Details
Name: | us-gaap_OffsettingAssetsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of derivative and other financial liabilities that are subject to offsetting, including master netting arrangements. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 210 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483466/210-20-50-4 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483466/210-20-50-3 + Details
Name: | us-gaap_OffsettingLiabilitiesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the location and amount of derivative instruments and nonderivative instruments designated as hedging instruments reported before netting adjustments, and the amount of gain (loss) on derivative instruments and nonderivative instruments designated and qualified as hedging instruments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4E -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4E Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4C Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4A -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4A + Details
Name: | us-gaap_ScheduleOfDerivativeInstrumentsGainLossInStatementOfFinancialPerformanceTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4B + Details
Name: | us-gaap_ScheduleOfDerivativeInstrumentsInStatementOfFinancialPositionFairValueTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of derivative instrument not designated or qualifying as hedging instrument. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4C Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Section 50 -Paragraph 4CC -SubTopic 10 -Topic 815 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4CC + Details
Name: | us-gaap_ScheduleOfOtherDerivativesNotDesignatedAsHedgingInstrumentsStatementsOfFinancialPerformanceAndFinancialPositionLocationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration