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SEGMENT DATA AND RELATED INFORMATION (Tables) | 12 Months Ended
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Jun. 30, 2025
Segment Reporting [Abstract] |
Schedule of segment data and related information | Information about the Company's four operating segments is as follows:
(in millions) |  | June 30, 2025
|  | Skin Care |  | Makeup |  | Fragrance |  | Hair Care |  | Total
Net sales |  |  |  |  |  |  |  |  |  | $ | 14,326 |
Less: Other category net sales |  |  |  |  |  |  |  |  |  | 100 |
Less: Returns associated with restructuring and other activities |  |  |  |  |  |  |  |  |  | 3 |
Segment net sales |  | $ | 6,962 |  |  | $ | 4,205 |  |  | $ | 2,491 |  |  | $ | 565 |  |  | $ | 14,223 |
Cost of sales |  | 1,817 |  |  | 1,131 |  |  | 571 |  |  | 158 |  |  | 3,677 |
Selling, general and administrative expenses |  | 4,196 |  |  | 3,048 |  |  | 1,749 |  |  | 448 |  |  | 9,441 |
Impairment of goodwill and other intangible assets |  | 375 |  |  | 308 |  |  | 549 |  |  | — |  |  | 1,232 |
Other segment items(1) |  | — |  |  | 159 |  |  | — |  |  | — |  |  | 159 |
Segment operating income (loss) |  | $ | 574 |  |  | $ | (441) |  |  | $ | (378) |  |  | $ | (41) |  |  | $ | (286) |
Other category operating loss |  |  |  |  |  |  |  |  |  | (13)
Charges associated with restructuring and other activities |  |  |  |  |  |  |  |  |  | (486)
Operating loss |  |  |  |  |  |  |  |  |  | (785)
Reconciliation to loss before income taxes: |  |  |  |  |  |  |  |  |  |
Interest expense |  |  |  |  |  |  |  |  |  | (357)
Interest income and investment income, net |  |  |  |  |  |  |  |  |  | 114 |
Other components of net periodic benefit cost |  |  |  |  |  |  |  |  |  | (12)
Loss before income taxes |  |  |  |  |  |  |  |  |  | $ | (1,040) |
Segment depreciation and amortization |  | $ | 403 |  |  | $ | 243 |  |  | $ | 144 |  |  | $ | 33 |  |  | $ | 823 |
Other category |  |  |  |  |  |  |  |  |  | 6 |
Depreciation and amortization |  |  |  |  |  |  |  |  |  | $ | 829 |
(1) Other segment items include Talcum litigation settlement agreements
(in millions) |  | June 30, 2024
|  | Skin Care |  | Makeup |  | Fragrance |  | Hair Care |  | Total
Net sales |  |  |  |  |  |  |  |  |  | $ | 15,608 |
Less: Other category net sales |  |  |  |  |  |  |  |  |  | 115 |
Less: Returns associated with restructuring and other activities |  |  |  |  |  |  |  |  |  | (1)
Segment net sales |  | $ | 7,908 |  |  | $ | 4,470 |  |  | $ | 2,487 |  |  | $ | 629 |  |  | $ | 15,494 |
Cost of sales |  | 2,278 |  |  | 1,290 |  |  | 624 |  |  | 191 |  |  | 4,383 |
Selling, general and administrative expenses |  | 4,424 |  |  | 3,087 |  |  | 1,598 |  |  | 490 |  |  | 9,599 |
Impairment of goodwill and other intangible assets |  | 471 |  |  | — |  |  | — |  |  | — |  |  | 471 |
Segment operating income (loss) |  | $ | 735 |  |  | $ | 93 |  |  | $ | 265 |  |  | $ | (52) |  |  | $ | 1,041 |
Other category operating income |  |  |  |  |  |  |  |  |  | 53 |
Charges associated with restructuring and other activities |  |  |  |  |  |  |  |  |  | (124)
Operating income |  |  |  |  |  |  |  |  |  | 970
Reconciliation to earnings before income taxes: |  |  |  |  |  |  |  |  |  |
Interest expense |  |  |  |  |  |  |  |  |  | (378)
Interest income and investment income, net |  |  |  |  |  |  |  |  |  | 167 |
Other components of net periodic benefit cost |  |  |  |  |  |  |  |  |  | 13 |
Earnings before income taxes |  |  |  |  |  |  |  |  |  | $ | 772 |
Segment depreciation and amortization |  | $ | 418 |  |  | $ | 236 |  |  | $ | 132 |  |  | $ | 33 |  |  | $ | 819 |
Other category |  |  |  |  |  |  |  |  |  | 6 |
Depreciation and amortization |  |  |  |  |  |  |  |  |  | $ | 825 |
(in millions) |  | June 30, 2023
|  | Skin Care |  | Makeup |  | Fragrance |  | Hair Care |  | Total
Net sales |  |  |  |  |  |  |  |  |  | $ | 15,910 |
Less: Other category net sales |  |  |  |  |  |  |  |  |  | 53 |
Less: Returns associated with restructuring and other activities |  |  |  |  |  |  |  |  |  | (27)
Segment net sales |  | $ | 8,249 |  |  | $ | 4,532 |  |  | $ | 2,451 |  |  | $ | 652 |  |  | $ | 15,884 |
Cost of sales |  | 2,397 |  |  | 1,319 |  |  | 617 |  |  | 188 |  |  | 4,521 |
Selling, general and administrative expenses |  | 4,475 |  |  | 3,127 |  |  | 1,464 |  |  | 500 |  |  | 9,566 |
Impairment of other intangible assets |  | 100 |  |  | 107 |  |  | — |  |  | — |  |  | 207 |
Segment operating income (loss) |  | $ | 1,277 |  |  | $ | (21) |  |  | $ | 370 |  |  | $ | (36) |  |  | $ | 1,590 |
Other category operating income |  |  |  |  |  |  |  |  |  | 4 |
Charges associated with restructuring and other activities |  |  |  |  |  |  |  |  |  | (85)
Operating income |  |  |  |  |  |  |  |  |  | 1,509
Reconciliation to earnings before income taxes: |  |  |  |  |  |  |  |  |  |
Interest expense |  |  |  |  |  |  |  |  |  | (255)
Interest income and investment income, net |  |  |  |  |  |  |  |  |  | 131 |
Other components of net periodic benefit cost |  |  |  |  |  |  |  |  |  | 12 |
Earnings before income taxes |  |  |  |  |  |  |  |  |  | $ | 1,397 |
Segment depreciation and amortization |  | $ | 383 |  |  | $ | 211 |  |  | $ | 117 |  |  | $ | 31 |  |  | $ | 742 |
Other category |  |  |  |  |  |  |  |  |  | 2 |
Depreciation and amortization |  |  |  |  |  |  |  |  |  | $ | 744 |
Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas | The Company is domiciled in the United States. Net sales in the United States, including net sales from travel retail locations in the United States, as well as net sales in foreign countries, including net sales from travel retail locations in that country, that contribute 10% or more of net sales of the Company in fiscal 2025, 2024 and 2023 were as follows:
|  | June 30,
(in millions) |  | 2025 |  | 2024 |  | 2023
United States |  | $ | 3,762 |  |  | $ | 3,887 |  |  | $ | 3,848 |
Mainland China |  | 3,652 |  |  | 4,019 |  |  | 4,380 |
Korea(1) |  | 718 |  |  | 1,299 |  |  | 1,558 |
All other countries |  | 6,194 |  |  | 6,403 |  |  | 6,124 |
Net sales |  | $ | 14,326 |  |  | $ | 15,608 |  |  | $ | 15,910 |
(1)Korea contributed 10% of consolidated net sales in fiscal 2023. Fiscal 2025 and 2024 amounts were included for comparability purposes only. The Company’s long-lived assets, consisting of property, plant and equipment, net and operating lease ROU assets, in the United States, and in foreign countries that are 10% or greater of the Company’s consolidated long-lived assets at June 30, 2025, 2024 and 2023 were as follows:
|  | June 30,
(in millions) |  | 2025 |  | 2024 |  | 2023
United States |  | $ | 1,956 |  |  | $ | 2,087 |  |  | $ | 2,136 |
Japan |  | 780 |  |  | 733 |  |  | 753 |
All other countries |  | 2,388 |  |  | 2,149 |  |  | 2,087 |
Long-lived assets |  | $ | 5,124 |  |  | $ | 4,969 |  |  | $ | 4,976 |

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- Definition Tabular disclosure of information concerning material long-lived assets (excluding financial instruments, customer relationships with financial institutions, mortgage and other servicing rights, deferred policy acquisition costs, and deferred taxes assets) located in identified geographic areas and/or the amount of revenue from external customers attributed to that country from which revenue is material. An entity may also provide subtotals of geographic information about groups of countries. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(1)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-41 + Details
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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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