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SEGMENT REPORTING
9 Months Ended
Mar. 31, 2024
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 CODM in deciding how to allocate resources and assess performance. The Company has designated its Chief Executive Officer ("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, divestiture and early license termination activities, and impairments of long-lived assets, goodwill and intangibles that are not attributable to ongoing operating activities of the segments. Corporate costs are not used by the CODM to measure the underlying performance of the segments.
With the exception of goodwill, 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 7—Goodwill and Other Intangible Assets, net.
Three Months Ended
March 31,
Nine Months Ended
March 31,
SEGMENT DATA2024202320242023
Net revenues:
Prestige$867.2 $799.7 $3,054.5 $2,620.9 
Consumer Beauty518.4 489.2 1,700.1 1,581.6 
Total$1,385.6 $1,288.9 $4,754.6 $4,202.5 
Operating income (loss):
Prestige108.7 102.4 531.0 437.3 
Consumer Beauty(13.3)(27.9)79.0 53.3 
Corporate(17.6)(31.0)(98.0)(75.9)
Total$77.8 $43.5 $512.0 $414.7 
Reconciliation:
Operating income77.8 43.5 512.0 414.7 
Interest expense, net60.4 58.8 190.3 185.7 
Other expense (income), net14.0 (156.9)9.8 (397.0)
Income before income taxes$3.4 $141.6 $311.9 $626.0 
Presented below are the percentage of revenues associated with the Company’s product categories:
Three Months Ended
March 31,
Nine Months Ended
March 31,
PRODUCT CATEGORY2024202320242023
Fragrance59.5 %59.2 %62.6 %60.3 %
Color Cosmetics28.4 29.2 25.5 27.4 
Body Care, Skin & Other12.1 11.6 11.9 12.3 
Total100.0 %100.0 %100.0 %100.0 %