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NET (LOSS) EARNINGS ATTRIBUTABLE TO THE ESTEE LAUDER COMPANIES INC. PER COMMON SHARE
 12 Months Ended
Jun. 30, 2025
Earnings Per Share [Abstract]  
NET (LOSS) EARNINGS ATTRIBUTABLE TO THE ESTEE LAUDER COMPANIES INC. PER COMMON SHARE NET (LOSS) EARNINGS ATTRIBUTABLE TO THE ESTÉE LAUDER COMPANIES INC. PER COMMON SHARE
Net (loss) earnings attributable to The Estée Lauder Companies Inc. per common share (“basic EPS”) is computed by dividing net (loss) earnings attributable to The Estée Lauder Companies Inc. by the weighted-average number of common shares outstanding and shares underlying PSUs and RSUs where the vesting conditions have been met. Net (loss) earnings attributable to The Estée Lauder Companies Inc. per common share assuming dilution (“diluted EPS”) is computed by reflecting potential dilution from stock-based awards using the treasury stock method. For the year ended June 30, 2025, the effects of potentially dilutive stock options, PSUs and RSUs were excluded from the computation of diluted EPS as they were anti-dilutive due to the net loss incurred during the period.
A reconciliation between the numerator and denominator of the basic and diluted EPS computations is as follows:
 
Year Ended June 30,
(In millions, except per share data)202520242023
Numerator:
Net (loss) earnings attributable to The Estée Lauder Companies Inc.
$(1,133)$390 $1,006 
Denominator:
Weighted-average common shares outstanding – Basic360.1 359.0 357.9 
Effect of dilutive stock options— 0.9 2.3 
Effect of PSUs— 0.2 0.1 
Effect of RSUs— 0.7 0.6 
Weighted-average common shares outstanding – Diluted360.1 360.8 360.9 
Net (loss) earnings attributable to The Estée Lauder Companies Inc. per common share:
Basic$(3.15)$1.09 $2.81 
Diluted$(3.15)$1.08 $2.79 

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:
Year Ended June 30,
(In millions)202520242023
Stock options8.5 5.9 2.4 
RSUs and PSUs1.7 0.4 0.1 
As of June 30, 2025, 2024 and 2023, 0.6 million shares, 0.4 million shares and 0.4 million shares, respectively, of Class A Common Stock underlying PSUs have been excluded from the computation of diluted EPS as the number of shares ultimately issued is contingent on the achievement of applicable performance targets of the Company, as discussed in Note 19 – Stock Programs.