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SEGMENT DATA AND RELATED INFORMATION | 3 Months Ended
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Sep. 30, 2025
Segment Reporting [Abstract] |
SEGMENT DATA AND RELATED INFORMATION | SEGMENT DATA AND RELATED INFORMATION Operating segments include components of an enterprise for which separate financial information is available that are regularly reviewed by the chief operating decision maker in deciding how to allocate resources and in assessing performance. Although the Company operates in one business segment, beauty products, the chief operating decision maker evaluates performance based on its four major product categories: skin care, makeup, fragrance and hair care. These product categories meet the definition of operating and reportable segments and, accordingly, additional financial data is provided below. Royalty revenue associated with the license of the TOM FORD trademark as well as sales and related results of ancillary products and services that do not fit within the Company's definitions of skin care, makeup, fragrance and hair care are included in the other category. Segment net sales and operating income is before the impacts of restructuring and other activities and the impacts from the other category described above. Returns and charges associated with restructuring and other activities are not allocated to the Company's segments because they are centrally directed and controlled, are not included in internal measures of segment performance and result from activities that are deemed Company-wide initiatives to redesign, resize and reorganize select areas of the business. The assets and liabilities of the Company are managed centrally and are reported internally in the same manner as the consolidated financial statements; thus, no additional information is produced for the chief operating decision maker or included herein. Information about the Company's four operating segments is as follows:
(In millions) |  | Three Months Ended September 30, 2025
|  | Skin Care |  | Makeup |  | Fragrance |  | Hair Care |  | Total
Net sales |  |  |  |  |  |  |  |  |  | $ | 3,481 |
Less: Other category net sales |  |  |  |  |  |  |  |  |  | 25 |
Less: Returns associated with restructuring and other activities |  |  |  |  |  |  |  |  |  | 1 |
Segment net sales |  | $ | 1,575 |  |  | $ | 1,030 |  |  | $ | 721 |  |  | $ | 129 |  |  | $ | 3,455 |
Cost of sales |  | 419 |  |  | 280 |  |  | 180 |  |  | 36 |  |  | 915 |
Selling, general and administrative expenses |  | 969 |  |  | 765 |  |  | 455 |  |  | 105 |  |  | 2,294 |
Segment operating income (loss) |  | $ | 187 |  |  | $ | (15) |  |  | $ | 86 |  |  | $ | (12) |  |  | $ | 246 |
Other category operating income |  |  |  |  |  |  |  |  |  | 9 |
Charges associated with restructuring and other activities |  |  |  |  |  |  |  |  |  | (86)
Operating income |  |  |  |  |  |  |  |  |  | 169 |
Reconciliation to earnings before income taxes: |  |  |  |  |  |  |  |  |  |
Interest expense |  |  |  |  |  |  |  |  |  | (86)
Interest income and investment income, net |  |  |  |  |  |  |  |  |  | 30 |
Other components of net periodic benefit cost |  |  |  |  |  |  |  |  |  | (4)
Earnings before income taxes |  |  |  |  |  |  |  |  |  | $ | 109 |
Segment depreciation and amortization |  | $ | 90 |  |  | $ | 59 |  |  | $ | 41 |  |  | $ | 8 |  |  | $ | 198 |
Other category |  |  |  |  |  |  |  |  |  | 2 |
Depreciation and amortization |  |  |  |  |  |  |  |  |  | $ | 200 |
(In millions) |  | Three Months Ended September 30, 2024
|  | Skin Care |  | Makeup |  | Fragrance |  | Hair Care |  | Total
Net sales |  |  |  |  |  |  |  |  |  | $ | 3,361 |
Less: Other category net sales |  |  |  |  |  |  |  |  |  | 25 |
Less: Returns associated with restructuring and other activities |  |  |  |  |  |  |  |  |  | —
Segment net sales |  | $ | 1,529 |  |  | $ | 1,038 |  |  | $ | 630 |  |  | $ | 139 |  |  | $ | 3,336 |
Cost of sales |  | 424 |  |  | 295 |  |  | 149 |  |  | 40 |  |  | 908 |
Selling, general and administrative expenses |  | 988 |  |  | 769 |  |  | 421 |  |  | 117 |  |  | 2,295 |
Other segment items(1) |  | — |  |  | 159 |  |  | — |  |  | — |  |  | 159 |
Segment operating income (loss) |  | $ | 117 |  |  | $ | (185) |  |  | $ | 60 |  |  | $ | (18) |  |  | $ | (26) |
Other category operating income |  |  |  |  |  |  |  |  |  | 11 |
Charges associated with restructuring and other activities |  |  |  |  |  |  |  |  |  | (106)
Operating loss |  |  |  |  |  |  |  |  |  | (121)
Reconciliation to loss before income taxes: |  |  |  |  |  |  |  |  |  |
Interest expense |  |  |  |  |  |  |  |  |  | (92)
Interest income and investment income, net |  |  |  |  |  |  |  |  |  | 35 |
Other components of net periodic benefit cost |  |  |  |  |  |  |  |  |  | (2)
Loss before income taxes |  |  |  |  |  |  |  |  |  | $ | (180) |
Segment depreciation and amortization |  | $ | 95 |  |  | $ | 64 |  |  | $ | 39 |  |  | $ | 9 |  |  | $ | 207 |
Other category |  |  |  |  |  |  |  |  |  | 1 |
Depreciation and amortization |  |  |  |  |  |  |  |  |  | $ | 208 |
(1) Other segment items include Talcum litigation settlement agreements

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- Definition The entire disclosure for reporting segments including data and tables. 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