v3.26.3
SUBSEQUENT EVENT
3 Months Ended
Sep. 30, 2026
Subsequent Events [Abstract]  
SUBSEQUENT EVENT SUBSEQUENT EVENTS
On October 5, 2026, the Company completed the acquisition of the remaining equity interest in Mountain Valley Springs India Private Limited, the owner of the Forest Essentials brand ("Forest Essentials"), an India-based beauty brand grounded in the science of modern Luxurious Ayurveda. The acquisition is expected to further strengthen the Company's portfolio and expand the global reach of the Forest Essentials brand. Prior to the acquisition, the Company held a 49% equity interest in Forest Essentials that was accounted for under the equity method. The transaction will be accounted for as a business combination.

The purchase price for the remaining 51% equity interest of $160 million was funded from cash on hand, and is subject to customary post-closing adjustments. In connection with obtaining a controlling interest in Forest Essentials, the Company expects to recognize a gain in the fiscal 2027 second quarter of approximately $94 million resulting from the remeasurement of its previously held 49% equity interest to fair value. Additionally, the Company paid $37 million related to a one-time inducement payment, which is excluded from the consideration transferred, and will be recognized as an operating expense in the fiscal 2027 second quarter.

Given the limited time since the acquisition date, the initial accounting of the transaction remains incomplete as of the date these consolidated financial statements were issued, as well as consideration of certain required disclosures.