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SEGMENT DATA AND RELATED INFORMATION (Tables)

12 Months Ended

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

X

- 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

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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
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-Publisher FASB
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