v3.26.1
SEGMENT REPORTING
 12 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
SEGMENT REPORTING SEGMENT REPORTING
Operating and reportable segments (referred to as “segments”) reflect the way the Company is managed and for which separate financial information is available and evaluated regularly by the Company’s chief operating decision maker (“CODM”) in deciding how to allocate resources and assess performance. The Company has designated its Interim Chief Executive Officer (“Interim CEO”) as the CODM.
Certain income and shared costs and the results of corporate initiatives are managed by Corporate. Corporate primarily includes stock compensation expense, restructuring and realignment costs, costs related to acquisition and divestiture activities and impairments of long-lived assets. Corporate costs are not used by the CODM to measure the underlying performance of the segments.
With the exception of goodwill and acquired intangible assets, the Company does not identify or monitor assets by segment. The Company does not present assets by reportable segment since various assets are shared between reportable segments. The allocation of goodwill by segment is presented in Note 9—Goodwill and Other Intangible Assets, net.
We have identified and presented significant segment expenses, which are included in the table below. The CODM evaluates operating income (loss) and compares to budget and actual historical results to assess segment performance and make operating decisions and allocate resources among the segments.
Year Ended June 30, 2026
SEGMENT DATAPrestigeConsumer BeautyCorporateTotal
Net revenues$3,805.8 $2,000.8 $— $5,806.6 
Less: (a)
Cost of sales1,162.0 986.1 6.5 2,154.6 
Advertising and consumer promotion costs1,107.5 499.6 — 1,607.1 
Other segment items(b)
1,091.8 957.7 76.9 2,126.4 
Operating income (loss)$444.5 $(442.6)$(83.4)$(81.5)
Reconciliation:
Operating loss$(81.5)
Interest expense, net155.2 
Other expense, net373.5 
Loss before income taxes$(610.2)
Other segment disclosures:
Depreciation and amortization$334.5 $147.7 $— $482.2 
Year Ended June 30, 2025
SEGMENT DATAPrestigeConsumer BeautyCorporateTotal
Net revenues$3,820.2 $2,072.7 $— $5,892.9 
Less: (a)
Cost of sales1,121.6 946.1 4.3 2,072.0 
Advertising and consumer promotion costs1,059.7 514.7 — 1,574.4 
Other segment items(b)
1,058.3 739.3 207.8 2,005.4 
Operating income (loss)$580.6 $(127.4)$(212.1)$241.1 
Reconciliation:
Operating income$241.1 
Interest expense, net214.2 
Other expense, net371.7 
Loss before income taxes$(344.8)
Other segment disclosures:
Depreciation and amortization$261.1 $154.6 $4.3 $420.0 
Year Ended June 30, 2024
SEGMENT DATAPrestigeConsumer BeautyCorporateTotal
Net revenues$3,857.3 $2,260.7 $— $6,118.0 
Less: (a)
Cost of sales1,170.3 1,008.5 — 2,178.8 
Advertising and consumer promotion costs1,072.8 552.7 — 1,625.5 
Other segment items(b)
1,033.5 610.2 123.3 1,767.0 
Operating income (loss)$580.7 $89.3 $(123.3)$546.7 
Reconciliation:
Operating income $546.7 
Interest expense, net252.0 
Other expense, net90.2 
Income before income taxes$204.5 
Other segment disclosures:
Depreciation and amortization$258.9 $162.2 $— $421.1 
(a) The significant expense categories and amounts align with the segment-level information that is regularly provided to the CODM.
(b) Other segment items primarily include administrative costs, logistics costs, stock compensation expense, amortization of definite-lived intangible assets, restructuring costs, impairments of long-lived assets, goodwill and intangibles, transactional foreign exchange gains/losses, bad debt expense, and other miscellaneous costs.
For Long-lived assets, a major country is defined as a group of subsidiaries within a country with combined long-lived assets greater than 10% of consolidated long-lived assets or as otherwise deemed significant. Long-lived assets include property and equipment, goodwill and other intangible assets.
As of June 30,
Long-lived assets:20262025
U.S.$2,781.0 $3,077.5 
Netherlands2,787.7 3,220.9 
Brazil463.8 440.4 
All other1,202.8 1,247.4 
Total$7,235.3 $7,986.2 
For Net revenues, a major country is defined as a group of subsidiaries in a country with combined revenues greater than 10% of consolidated net revenues or as otherwise deemed significant, excluding Travel Retail and export sales. The United States is the only country that accounts for more than 10% of total net revenues for fiscal years 2026, 2025 and 2024. The United States had net revenues of $1,431.3, $1,453.3 and $1,617.7 in fiscal 2026, 2025 and 2024, respectively. No customer or group of affiliated customers accounted for more than 10% of the Company’s Net revenues in fiscal 2026, 2025 and 2024.
Fragrance products include a variety of perfumes and colognes offering various scents to suit individual preferences and occasions. Color Cosmetic products include lip, eye, facial and other color products including nail color. Body care and other products include shower gels, body sprays, and deodorants. Skincare products include moisturizers, serums, sun treatment, cleansers, toners and anti-aging creams designed to nourish, protect and improve the skin's appearance and health.
Presented below are the net revenues associated with Company’s product categories as a percentage of total net revenues:
Year Ended June 30,
PRODUCT CATEGORY202620252024
Fragrances67.3 %67.4 %63.9 %
Color Cosmetics23.6 %23.7 %26.4 %
Body Care & Other5.3 %5.3 %6.1 %
Skincare3.8 %3.6 %3.6 %
Total100.0 %100.0 %100.0 %