v3.26.3
REVENUE RECOGNITION (Tables)
 3 Months Ended
Sep. 30, 2026
Revenue from Contract with Customer [Abstract]  
Schedule of Disaggregation of Net Sales by Geographic Region
Disaggregation of net sales by the Company's geographic regions are as follows:

Three Months Ended
September 30,
(In millions)20262025
The Americas$1,227 $1,174 
Europe, the United Kingdom and Ireland and Emerging Markets ("EUKEM")923 901 
Asia/Pacific(1)
952 873 
Mainland China
614 532 
3,716 3,480 
Returns associated with restructuring and other activities(1)1 
Net sales$3,715 $3,481 
(1)The net sales from the Company’s travel retail business are included in the Asia/Pacific region.
Schedule of changes in allowance for credit losses
Changes in the allowance for credit losses are as follows:

(In millions)September 30, 2026
Balance at June 30, 2026$30 
Provision for expected credit losses4 
Write-offs, net & other(1)
Balance at September 30, 2026$33 
Schedule of significant changes in deferred revenue
Changes in deferred revenue are as follows:

September 30,
(In millions)20262025
Deferred revenue, beginning of period$490 $533 
Revenue recognized that was included in the deferred revenue balance at the beginning of the period(115)(127)
Revenue deferred during the period147 141 
Other1 1 
Deferred revenue, end of period$523 $548 
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction
As of September 30, 2026, the contractually guaranteed minimum royalty amounts due to the Company in connection with its license arrangements for the remainder of fiscal 2027 and future periods are as follows:
(In millions)Minimum Remaining Royalties
Fiscal 2027$24 
Fiscal 2028$32 
Fiscal 2029$34 
Fiscal 2030$35 
Fiscal 2031$35 
Thereafter$96