The Estée Lauder Companies Inc. (EL) 10-Q4 Nov 142015 Q1 Quarterly reportFinancial data

Company Profile

Document_and_Entity_Informatio

Document and Entity Information	3 Months Ended
	Sep. 30, 2014	Oct. 28, 2014	Oct. 28, 2014
	Sep. 30, 2014	Common Class A	Common Class B
Entity Registrant Name	'ESTEE LAUDER COMPANIES INC	'	'
Entity Central Index Key	'0001001250	'	'
Document Type	'10-Q	'	'
Document Period End Date	30-Sep-14	'	'
Amendment Flag	'false	'	'
Current Fiscal Year End Date	'--06-30	'	'
Entity Current Reporting Status	'Yes	'	'
Entity Filer Category	'Large Accelerated Filer	'	'
Entity Common Stock, Shares Outstanding	'	231,417,898	148,196,137
Document Fiscal Year Focus	'2015	'	'
Document Fiscal Period Focus	'Q1	'	'

CONSOLIDATED_STATEMENTS_OF_EAR

CONSOLIDATED STATEMENTS OF EARNINGS (USD $)	3 Months Ended
In Millions, except Per Share data, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013
CONSOLIDATED STATEMENTS OF EARNINGS	'	'
Net Sales	$2,631	$2,675
Cost of Sales	536.6	544.1
Gross Profit	2,094.40	2,130.90
Operating expenses	'	'
Selling, general and administrative	1,746.40	1,680.20
Restructuring and other charges	'	1.2
Total operating expenses	1,746.40	1,681.40
Operating Income	348	449.5
Interest expense, net	13.2	13.5
Earnings before Income Taxes	334.8	436
Provision for income taxes	105.6	134.2
Net Earnings	229.2	301.8
Net earnings attributable to noncontrolling interests	-1.1	-1.1
Net Earnings Attributable to The Estee Lauder Companies Inc.	$228.10	$300.70
Net earnings attributable to The Estee Lauder Companies Inc. per common share	'	'
Basic (in dollars per share)	$0.60	$0.78
Diluted (in dollars per share)	$0.59	$0.76
Weighted-average common shares outstanding	'	'
Basic (in shares)	381.8	387.8
Diluted (in shares)	388.2	394.9
Cash dividends declared per common share (in dollars per share)	$0.20	$0.18

CONSOLIDATED_STATEMENTS_OF_COM

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (USD $)	3 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)	'	'
Net earnings	$229.20	$301.80
Other comprehensive income (loss):	'	'
Net unrealized investment gain (loss)	0.1	0.3
Net derivative instrument gain (loss)	33.8	-17.5
Amounts included in net periodic benefit cost	6.6	5.4
Translation adjustments	-129.9	67.7
Benefit (provision) for deferred income taxes on components of other comprehensive income	-16	5.9
Total other comprehensive income (loss)	-105.4	61.8
Comprehensive income (loss)	123.8	363.6
Comprehensive (income) loss attributable to noncontrolling interests:	'	'
Net earnings	-1.1	-1.1
Translation adjustments	1.6	-0.6
Total comprehensive (income) loss attributable to noncontrolling interests	0.5	-1.7
Comprehensive income attributable to The Estee Lauder Companies Inc.	$124.30	$361.90

CONSOLIDATED_BALANCE_SHEETS

CONSOLIDATED BALANCE SHEETS (USD $)	Sep. 30, 2014	Jun. 30, 2014
In Millions, unless otherwise specified	Sep. 30, 2014	Jun. 30, 2014
Current Assets	'	'
Cash and cash equivalents	$1,395.40	$1,629.10
Accounts receivable, net	1,502.10	1,379.30
Inventory and promotional merchandise, net	1,257	1,294
Prepaid expenses and other current assets	573.4	522.8
Total current assets	4,727.90	4,825.20
Property, Plant and Equipment, net	1,444.30	1,502.60
Other Assets	'	'
Goodwill	893.9	893.2
Other intangible assets, net	154	157.3
Other assets	444.2	490.5
Total other assets	1,492.10	1,541
Total assets	7,664.30	7,868.80
Current Liabilities	'	'
Current debt	14	18.4
Accounts payable	516.1	524.5
Other accrued liabilities	1,411.60	1,513.80
Total current liabilities	1,941.70	2,056.70
Noncurrent Liabilities	'	'
Long-term debt	1,319	1,324.70
Other noncurrent liabilities	609.4	618
Total noncurrent liabilities	1,928.40	1,942.70
Contingencies (Note 6)	'	'
Equity	'	'
Common stock, $.01 par value; Class A shares authorized: 1,300,000,000 at September 30, 2014 and June 30, 2014; shares issued: 414,191,276 at September 30, 2014 and 412,590,913 at June 30, 2014; Class B shares authorized: 304,000,000 at September 30, 2014 and June 30, 2014; shares issued and outstanding: 148,196,137 at September 30, 2014 and 148,728,082 at June 30, 2014	5.6	5.6
Paid-in capital	2,647	2,562.70
Retained earnings	6,417.40	6,265.80
Accumulated other comprehensive loss	-204.1	-100.3
Stockholders' equity before treasury stock	8,865.90	8,733.80
Less: Treasury stock, at cost; 181,159,347 Class A shares at September 30, 2014 and 178,434,483 Class A shares at June 30, 2014	-5,085.70	-4,878.90
Total stockholders' equity - The Estee Lauder Companies Inc.	3,780.20	3,854.90
Noncontrolling interests	14	14.5
Total equity	3,794.20	3,869.40
Total liabilities and equity	$7,664.30	$7,868.80

CONSOLIDATED_BALANCE_SHEETS_Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) (USD $)	Sep. 30, 2014	Jun. 30, 2014
Common Class A	'	'
Common stock, par value (in dollars per share)	$0.01	$0.01
Common stock, shares authorized	1,300,000,000	1,300,000,000
Common stock, shares issued	414,191,276	412,590,913
Treasury stock, shares	181,159,347	178,434,483
Common Class B	'	'
Common stock, par value (in dollars per share)	$0.01	$0.01
Common stock, shares authorized	304,000,000	304,000,000
Common stock, shares issued	148,196,137	148,728,082
Common stock, shares outstanding	148,196,137	148,728,082

CONSOLIDATED_STATEMENTS_OF_CAS

CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	3 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013
Cash Flows from Operating Activities	'	'
Net earnings	$229.20	$301.80
Adjustments to reconcile net earnings to net cash flows from operating activities:	'	'
Depreciation and amortization	100.6	88.9
Deferred income taxes	-18.3	-23.4
Non-cash stock-based compensation	62.1	56.3
Excess tax benefits from stock-based compensation arrangements	-7.4	-9.8
Loss on disposal of property, plant and equipment	5	2.3
Pension and post-retirement benefit expense	17.1	17.4
Pension and post-retirement benefit contributions	-5	-6.8
Other non-cash items	-2.6	'
Changes in operating assets and liabilities:	'	'
Increase in accounts receivable, net	-167.9	-375.1
Increase in inventory and promotional merchandise, net	-9.7	-58.1
Increase in other assets, net	-37.1	-37.6
Increase (decrease) in accounts payable	12	-26.8
Increase (decrease) in other accrued and noncurrent liabilities	-50.3	100.8
Net cash flows provided by operating activities	127.7	29.9
Cash Flows from Investing Activities	'	'
Capital expenditures	-78.7	-85.7
Acquisition of businesses and other intangible assets, net of cash acquired	-10	-9.2
Proceeds from disposition of long-term investments	8.4	'
Net cash flows used for investing activities	-80.3	-94.9
Cash Flows from Financing Activities	'	'
Borrowings (repayments) of current debt, net	-2.9	0.2
Debt issuance costs	-1	'
Repayments and redemptions of long-term debt	-3.6	-3.7
Net proceeds from stock-based compensation transactions	12.6	8.1
Excess tax benefits from stock-based compensation arrangements	7.4	9.8
Payments to acquire treasury stock	-207	-59.5
Dividends paid to stockholders	-77.5	-69.8
Payments to noncontrolling interest holders for dividends	-0.6	'
Net cash flows used for financing activities	-272.6	-114.9
Effect of Exchange Rate Changes on Cash and Cash Equivalents	-8.5	6.4
Net Decrease in Cash and Cash Equivalents	-233.7	-173.5
Cash and Cash Equivalents at Beginning of Period	1,629.10	1,495.70
Cash and Cash Equivalents at End of Period	$1,395.40	$1,322.20

SUMMARY_OF_SIGNIFICANT_ACCOUNT

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	3 Months Ended
	Sep. 30, 2014
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	'
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	'
	NOTE 1 — SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

	Basis of Presentation

	The accompanying consolidated financial statements include the accounts of The Estée Lauder Companies Inc. and its subsidiaries (collectively, the “Company”). All significant intercompany balances and transactions have been eliminated.

	The unaudited interim consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”) for interim financial information and with the instructions to Form 10-Q and Rule 10-01 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by U.S. GAAP for complete financial statements. In the opinion of management, all adjustments of a normal recurring nature considered necessary for a fair presentation have been included. The results of operations of any interim period are not necessarily indicative of the results of operations to be expected for the full fiscal year. The interim consolidated financial statements should be read in conjunction with the consolidated financial statements and accompanying footnotes included in the Company’s Annual Report on Form 10-K for the fiscal year ended June 30, 2014.

	Management Estimates

	The preparation of financial statements and related disclosures in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses reported in those financial statements. Certain significant accounting policies that contain subjective management estimates and assumptions include those related to revenue recognition, inventory, pension and other post-retirement benefit costs, goodwill, other intangible assets and long-lived assets, and income taxes. Descriptions of these policies are discussed in the notes to consolidated financial statements in the Company’s Annual Report on Form 10-K for the fiscal year ended June 30, 2014. Management evaluates its estimates and assumptions on an ongoing basis using historical experience and other factors, including the current economic environment, and makes adjustments when facts and circumstances dictate. As future events and their effects cannot be determined with precision, actual results could differ significantly from those estimates and assumptions. Significant changes, if any, in those estimates and assumptions resulting from continuing changes in the economic environment will be reflected in the consolidated financial statements in future periods.

	Currency Translation and Transactions

	All assets and liabilities of foreign subsidiaries and affiliates are translated at period-end rates of exchange, while revenue and expenses are translated at weighted-average rates of exchange for the period. Unrealized translation gains (losses) reported as cumulative translation adjustments through other comprehensive income (loss) (“OCI”) attributable to The Estée Lauder Companies Inc. amounted to $(136.7) million and $72.5 million, net of tax, during the three months ended September 30, 2014 and 2013, respectively. For the Company’s Venezuelan subsidiary operating in a highly inflationary economy, the U.S. dollar is the functional currency. Remeasurement adjustments in financial statements in a highly inflationary economy and other transactional gains and losses are reflected in earnings.

	The Company enters into foreign currency forward contracts and may enter into option contracts to hedge foreign currency transactions for periods consistent with its identified exposures. Accordingly, the Company categorizes these instruments as entered into for purposes other than trading.

	The accompanying consolidated statements of earnings include net exchange gains (losses) on foreign currency transactions of $(9.9) million and $0.1 million during the three months ended September 30, 2014 and 2013, respectively.

	Cash and Cash Equivalents

	In October 2014, the Company modified its cash investment strategy and invested approximately $500 million of cash and cash equivalents in short- and long-term investments. The Company’s investment objectives include capital preservation, maintaining adequate liquidity, asset diversification, and achieving appropriate returns within the guidelines set forth in the Company’s investment policy. These investments will be classified as available-for-sale.

	Accounts Receivable

	Accounts receivable is stated net of the allowance for doubtful accounts and customer deductions totaling $23.5 million and $23.9 million as of September 30, 2014 and June 30, 2014, respectively.

	Concentration of Credit Risk

	The Company is a worldwide manufacturer, marketer and distributor of skin care, makeup, fragrance and hair care products. The Company’s sales subject to credit risk are made primarily to department stores, perfumeries, specialty multi-brand retailers and retailers in its travel retail business. The Company grants credit to all qualified customers and does not believe it is exposed significantly to any undue concentration of credit risk.

	The Company’s largest customer sells products primarily within the United States and accounted for $292.8 million, or 11%, and $341.6 million, or 13%, of the Company’s consolidated net sales for the three months ended September 30, 2014 and 2013, respectively. This customer accounted for $229.7 million, or 15%, and $158.5 million, or 11%, of the Company’s accounts receivable at September 30, 2014 and June 30, 2014, respectively.

	Inventory and Promotional Merchandise

	Inventory and promotional merchandise, net consists of:

			September 30			June 30
	(In millions)		2014			2014

	Raw materials		$	275.2		$	317.5
	Work in process		140.3			192.4
	Finished goods		647.7			599.5
	Promotional merchandise		193.8			184.6
			$	1,257.00		$	1,294.00

	Property, Plant and Equipment

			September 30			June 30
	(In millions)		2014			2014
	Assets (Useful Life)
	Land		$	15.2		$	15.4
	Buildings and improvements (10 to 40 years)		199.5			205
	Machinery and equipment (3 to 10 years)		667			673.9
	Computer hardware and software (4 to 10 years)		996.1			994.8
	Furniture and fixtures (5 to 10 years)		71.7			75.1
	Leasehold improvements		1,541.30			1,565.70
			3,490.80			3,529.90
	Less accumulated depreciation and amortization		2,046.50			2,027.30
			$	1,444.30		$	1,502.60

	The cost of assets related to projects in progress of $136.0 million and $229.9 million as of September 30, 2014 and June 30, 2014, respectively, is included in their respective asset categories above. Depreciation and amortization of property, plant and equipment was $98.9 million and $87.1 million during the three months ended September 30, 2014 and 2013, respectively. Depreciation and amortization related to the Company’s manufacturing process is included in Cost of Sales, and all other depreciation and amortization is included in Selling, general and administrative expenses in the accompanying consolidated statements of earnings.

Other Accrued Liabilities

Other accrued liabilities consist of the following:

		September 30			June 30
(In millions)		2014			2014

Advertising, merchandising and sampling		$	326.2		$	301.7
Employee compensation		311.8			468.2
Payroll and other taxes		182.7			161.2
Accrued income taxes		147.9			113.6
Other		443			469.1
		$	1,411.60		$	1,513.80

Income Taxes

The effective rate for income taxes was 31.5% and 30.8% for the three months ended September 30, 2014 and 2013, respectively. The increase in the effective income tax rate was primarily attributable to a slight increase in income tax reserve adjustments.

As of September 30, 2014 and June 30, 2014, the gross amount of unrecognized tax benefits, exclusive of interest and penalties, totaled $58.5 million and $58.1 million, respectively. The total amount of unrecognized tax benefits at September 30, 2014 that, if recognized, would affect the effective tax rate was $41.2 million. The total gross interest and penalties accrued related to unrecognized tax benefits during the three months ended September 30, 2014 in the accompanying consolidated statement of earnings was $1.0 million. The total gross accrued interest and penalties in the accompanying consolidated balance sheets at September 30, 2014 and June 30, 2014 was $13.1 million and $12.5 million, respectively. On the basis of the information available as of September 30, 2014, the Company does not expect any significant changes to the total amount of unrecognized tax benefits within the next 12 months.

During the three months ended September 30, 2014, the Company formally concluded the compliance process with respect to fiscal 2013 under the U.S. Internal Revenue Service Compliance Assurance Program. The conclusion of this process did not impact the Company’s consolidated financial statements.

As of September 30, 2014 and June 30, 2014, the Company had current net deferred tax assets of $282.3 million and $295.1 million, respectively, substantially all of which are included in Prepaid expenses and other current assets in the accompanying consolidated balance sheets. In addition, the Company had noncurrent net deferred tax assets of $89.0 million and $85.5 million as of September 30, 2014 and June 30, 2014, respectively, substantially all of which are included in Other assets in the accompanying consolidated balance sheets.

Recently Adopted Accounting Standards

In July 2013, the Financial Accounting Standards Board (“FASB”) issued authoritative guidance that requires an entity to present an unrecognized tax benefit, or a portion of an unrecognized tax benefit, in the financial statements as a reduction to a deferred tax asset for a net operating loss (“NOL”) carryforward, a similar tax loss, or a tax credit carryforward. If either (i) an NOL carryforward, a similar tax loss, or tax credit carryforward is not available as of the reporting date under the governing tax law to settle taxes that would result from the disallowance of the tax position or (ii) the entity does not intend to use the deferred tax asset for this purpose (provided that the tax law permits a choice), an entity should present an unrecognized tax benefit in the financial statements as a liability and should not net the unrecognized tax benefit with a deferred tax asset. This guidance became effective for unrecognized tax benefits that existed as of the Company’s fiscal 2015 first quarter. The adoption of this guidance did not have a significant impact on the Company’s consolidated financial statements.

In March 2013, the FASB issued authoritative guidance to resolve the diversity in practice concerning the release of the cumulative translation adjustment (“CTA”) into net income (i) when a parent sells a part or all of its investment in a foreign entity or no longer holds a controlling financial interest in a subsidiary or group of assets within a foreign entity, and (ii) in connection with a step acquisition of a foreign entity. This amended guidance requires that CTA be released in net income only if the sale or transfer results in the complete or substantially complete liquidation of the foreign entity in which the subsidiary or group of assets had resided, and that a pro rata portion of the CTA be released into net income upon a partial sale of an equity method investment in a foreign entity only. In addition, the amended guidance clarifies the definition of a sale of an investment in a foreign entity to include both, events that result in the loss of a controlling financial interest in a foreign entity and events that result in an acquirer obtaining control of an acquiree in which it held an equity interest immediately prior to the date of acquisition. The CTA should be released into net income upon the occurrence of such events. This guidance became effective prospectively for the Company’s fiscal 2015 first quarter. The adoption of this guidance did not have an impact on the Company’s consolidated financial statements.

Recently Issued Accounting Standards

In June 2014, the FASB amended its authoritative guidance on accounting for certain share-based payment awards. The amended guidance requires that if share-based compensation awards have terms of a performance target that affect vesting and that could be achieved after the requisite service period, such performance target should be treated as a performance condition. As such, the performance target should not be reflected in estimating the grant-date fair value of the award and compensation cost should be recognized in the period in which it becomes probable that the performance target will be achieved. This guidance becomes effective for the Company’s fiscal 2017 first quarter, with early adoption permitted. The guidance will permit an entity to apply the amendments in the update either (a) prospectively to all awards granted or modified after the effective date or (b) retrospectively to all awards with performance targets that are outstanding as of the beginning of the earliest annual period presented in the consolidated financial statements and to all new or modified awards thereafter. The Company will apply this new guidance when it becomes effective, and is currently evaluating the impact of adoption on its consolidated financial statements.

In May 2014, the FASB issued authoritative guidance that defines how companies should report revenues from contracts with customers. The standard requires an entity to recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. It provides companies with a single comprehensive five-step principles-based model to use in accounting for revenue and supersedes current revenue recognition requirements, including most industry-specific and transaction-specific revenue guidance. This guidance becomes effective for the Company’s fiscal 2018 first quarter, and early adoption is not permitted. The guidance permits an entity to apply the standard retrospectively to all prior periods presented, with certain practical expedients, or apply the requirements in the year of adoption, through a cumulative adjustment. The Company will apply this new guidance when it becomes effective and has not yet selected a transition method. The Company is currently evaluating the impact of adoption on its consolidated financial statements.

In April 2014, the FASB issued authoritative guidance which changes the criteria for a disposal to qualify as a discontinued operation. This revised standard defines a discontinued operation as (i) a component of an entity or group of components that has been disposed of or is classified as held for sale that represents a strategic shift that has or will have a major effect on an entity’s operations and financial results or (ii) an acquired business or nonprofit activity that is classified as held for sale on the date of acquisition. The standard also requires expanded disclosures related to discontinued operations and added disclosure requirements for individually material disposal transactions that do not meet the discontinued operations criteria. This guidance becomes effective prospectively for the Company’s fiscal 2016 first quarter, with early adoption permitted, but only for disposals (or classifications as held for sale) that have not been reported in financial statements previously issued or available to be issued. The Company will apply this new guidance when it becomes effective, and the adoption of this guidance is not expected to have a significant impact on its consolidated financial statements.

GOODWILL_AND_OTHER_INTANGIBLE_

GOODWILL AND OTHER INTANGIBLE ASSETS	3 Months Ended
	Sep. 30, 2014
GOODWILL AND OTHER INTANGIBLE ASSETS	'
GOODWILL AND OTHER INTANGIBLE ASSETS	'
	NOTE 2 — GOODWILL AND OTHER INTANGIBLE ASSETS

	The following table presents goodwill by product category and the related change in the carrying amount:

	(In millions)	Skin Care			Makeup			Fragrance			Hair Care			Total

	Balance as of June 30, 2014
	Goodwill	$	68.9		$	440.7		$	54.8		$	402.3		$	966.7
	Accumulated impairments	(33.6		)	—			—			(39.9		)	(73.5		)
		35.3			440.7			54.8			362.4			893.2

	Goodwill acquired during the period	—			2.7			—			—			2.7
	Translation adjustments	(0.2		)	(0.2		)	(0.1		)	(1.5		)	(2.0		)
		(0.2		)	2.5			(0.1		)	(1.5		)	0.7

	Balance as of September 30, 2014
	Goodwill	66.9			443.2			54.7			399.5			964.3
	Accumulated impairments	(31.8		)	—			—			(38.6		)	(70.4		)
		$	35.1		$	443.2		$	54.7		$	360.9		$	893.9

	Other intangible assets consist of the following:

		September 30, 2014									June 30, 2014
	(In millions)	Gross			Accumulated			Total Net			Gross			Accumulated			Total Net
		Carrying			Amortization			Book			Carrying			Amortization			Book
		Value						Value			Value						Value

	Amortizable intangible assets:
	Customer lists and other	$	267.6		$	219.3		$	48.3		$	268.3		$	216.7		$	51.6
	License agreements	43			43			—			43			43			—
		$	310.6		$	262.3		48.3			$	311.3		$	259.7		51.6
	Non-amortizable intangible assets:
	Trademarks and other							105.7									105.7
	Total intangible assets							$	154								$	157.3

	The aggregate amortization expense related to amortizable intangible assets was $3.0 million and $3.2 million for the three months ended September 30, 2014 and 2013, respectively. The estimated aggregate amortization expense for the remainder of fiscal 2015 and for each of fiscal 2016 to 2019 is $9.0 million, $11.9 million, $9.9 million, $8.4 million and $7.5 million, respectively.

DERIVATIVE_FINANCIAL_INSTRUMEN

DERIVATIVE FINANCIAL INSTRUMENTS	3 Months Ended
DERIVATIVE FINANCIAL INSTRUMENTS	Sep. 30, 2014
DERIVATIVE FINANCIAL INSTRUMENTS	'
DERIVATIVE FINANCIAL INSTRUMENTS	'
	NOTE 3 — DERIVATIVE FINANCIAL INSTRUMENTS

	The Company addresses certain financial exposures through a controlled program of risk management that includes the use of derivative financial instruments. The Company enters into foreign currency forward contracts and may enter into option contracts to reduce the effects of fluctuating foreign currency exchange rates and interest rate derivatives to manage the effects of interest rate movements on the Company’s aggregate liability portfolio. The Company also enters into foreign currency forward contracts and may use option contracts, not designated as hedging instruments, to mitigate the change in fair value of specific assets and liabilities on the balance sheet. The Company does not utilize derivative financial instruments for trading or speculative purposes. Costs associated with entering into derivative financial instruments have not been material to the Company’s consolidated financial results.

	For each derivative contract entered into where the Company looks to obtain hedge accounting treatment, the Company formally and contemporaneously documents all relationships between hedging instruments and hedged items, as well as its risk-management objective and strategy for undertaking the hedge transaction, the nature of the risk being hedged, how the hedging instruments’ effectiveness in offsetting the hedged risk will be assessed prospectively and retrospectively, and a description of the method of measuring ineffectiveness. This process includes linking all derivatives to specific assets and liabilities on the balance sheet or to specific firm commitments or forecasted transactions. The Company also formally assesses, both at the inception of the hedges and on an ongoing basis, whether the derivatives that are used in hedging transactions are highly effective in offsetting changes in fair values or cash flows of hedged items. If it is determined that a derivative is not highly effective, or that it has ceased to be a highly effective hedge, the Company will be required to discontinue hedge accounting with respect to that derivative prospectively.

	The fair values of the Company’s derivative financial instruments included in the consolidated balance sheets are presented as follows:

		Asset Derivatives							Liability Derivatives
				Fair Value (1)							Fair Value (1)
		Balance Sheet		September 30			June 30		Balance Sheet		September 30			June 30
	(In millions)	Location		2014			2014		Location		2014			2014
	Derivatives Designated as Hedging Instruments:
	Foreign currency forward contracts	Prepaid expenses and other current assets		$	23.6		$	3.4	Other accrued liabilities		$	5.9		$	18.2

	Derivatives Not Designated as Hedging Instruments:
	Foreign currency forward contracts	Prepaid expenses and other current assets		2.2			0.8		Other accrued liabilities		4.9			0.9

	Total Derivatives			$	25.8		$	4.2			$	10.8		$	19.1


	(1) See Note 4 — Fair Value Measurements for further information about how the fair value of derivative assets and liabilities are determined.

	The amounts of the gains and losses related to the Company’s derivative financial instruments designated as hedging instruments are presented as follows:

		Amount of Gain or (Loss)						Location of Gain or	Amount of Gain or (Loss)
		Recognized in OCI on						(Loss) Reclassified	Reclassified from AOCI
		Derivatives							into Earnings
		(Effective Portion)							(Effective Portion) (1)
		Three Months Ended						from AOCI into	Three Months Ended
		September 30						Earnings	September 30
	(In millions)	2014			2013			(Effective Portion)	2014			2013
	Derivatives in Cash Flow Hedging Relationships:

	Foreign currency forward contracts	$	33.7		$	(13.6	)	Cost of sales	$	(0.4	)	$	1.4
								Selling, general and administrative	0.2			2.4
	Total derivatives	$	33.7		$	(13.6	)		$	(0.2	)	$	3.8


	(1) The amount of gain (loss) recognized in earnings related to the amount excluded from effectiveness testing was $(1.4) million and $0.1 million for the three months ended September 2014 and 2013, respectively. There was no gain (loss) recognized in earnings related to the ineffective portion of the hedging relationships for the three months ended September 30, 2014. The net loss recognized in earnings related to the ineffective portion of the hedging relationships was $0.5 million for the three months ended September 30, 2013.

	The amounts of the gains and losses related to the Company’s derivative financial instruments not designated as hedging instruments are presented as follows:

				Amount of Gain or (Loss)
				Recognized in Earnings on
				Derivatives
		Location of Gain or (Loss)		Three Months Ended
		Recognized in Earnings on		September 30
	(In millions)	Derivatives		2014			2013
	Derivatives Not Designated as Hedging Instruments:

	Foreign currency forward contracts	Selling, general and administrative		$	(2.7	)	$	3


	Foreign Currency Cash-Flow Hedges

	The Company enters into foreign currency forward contracts to hedge anticipated transactions, as well as receivables and payables denominated in foreign currencies, for periods consistent with the Company’s identified exposures. The purpose of the hedging activities is to minimize the effect of foreign exchange rate movements on costs and on the cash flows that the Company receives from foreign subsidiaries. The majority of foreign currency forward contracts are denominated in currencies of major industrial countries. The Company may also enter into foreign currency option contracts to hedge anticipated transactions where there is a high probability that anticipated exposures will materialize. The foreign currency forward contracts entered into to hedge anticipated transactions have been designated as foreign currency cash-flow hedges and have varying maturities through the end of September 2016. Hedge effectiveness of foreign currency forward contracts is based on a hypothetical derivative methodology and excludes the portion of fair value attributable to the spot-forward difference which is recorded in current-period earnings. Hedge effectiveness of foreign currency option contracts is based on a dollar offset methodology.

	The ineffective portion of both foreign currency forward and option contracts is recorded in current-period earnings. For hedge contracts that are no longer deemed highly effective, hedge accounting is discontinued and gains and losses in accumulated OCI (“AOCI”) are reclassified to earnings when the underlying forecasted transaction occurs. If it is probable that the forecasted transaction will no longer occur, then any gains or losses in AOCI are reclassified to current-period earnings. As of September 30, 2014, the Company’s foreign currency cash-flow hedges were highly effective in all material respects. The estimated net gain as of September 30, 2014 that is expected to be reclassified from AOCI into earnings, net of tax, within the next twelve months is $9.4 million. The accumulated gain (loss) on derivative instruments in AOCI was $21.4 million and $(12.5) million as of September 30, 2014 and June 30, 2014, respectively.

	At September 30, 2014, the Company had foreign currency forward contracts in the amount of $1,786.6 million. The foreign currencies included in foreign currency forward contracts (notional value stated in U.S. dollars) are principally the Euro ($322.2 million), British pound ($306.6 million), Swiss franc ($200.5 million), Canadian dollar ($170.3 million), Hong Kong dollar ($142.4 million), Japanese yen ($118.7 million) and Australian dollar ($99.6 million).

	Fair-Value Hedges

The Company may enter into interest rate derivative contracts to manage the exposure to interest rate fluctuations on its funded indebtedness and anticipated issuance of debt for periods consistent with the identified exposures.

Credit Risk

As a matter of policy, the Company enters into derivative contracts only with counterparties that have a long-term credit rating of at least A- or higher by at least two nationally recognized rating agencies. The counterparties to these contracts are major financial institutions. Exposure to credit risk in the event of nonperformance by any of the counterparties is limited to the gross fair value of contracts in asset positions, which totaled $25.8 million at September 30, 2014. To manage this risk, the Company has established strict counterparty credit guidelines that are continually monitored. Accordingly, management believes risk of loss under these hedging contracts is remote.

Certain of the Company’s derivative financial instruments, with two counterparties, contain credit-risk-related contingent features. At September 30, 2014, the Company was in a net asset position for certain derivative contracts that contain such features. The fair value of those contracts as of September 30, 2014 was $10.1 million. As of September 30, 2014, the Company was in compliance with such credit-risk-related contingent features.

FAIR_VALUE_MEASUREMENTS

FAIR VALUE MEASUREMENTS	3 Months Ended
	Sep. 30, 2014
FAIR VALUE MEASUREMENTS	'
FAIR VALUE MEASUREMENTS	'
	NOTE 4 — FAIR VALUE MEASUREMENTS

	The Company records certain of its financial assets and liabilities at fair value, which is defined as the price that would be received to sell an asset or paid to transfer a liability, in the principal or most advantageous market for the asset or liability, in an orderly transaction between market participants at the measurement date. The accounting for fair value measurements must be applied to nonfinancial assets and nonfinancial liabilities that require initial measurement or remeasurement at fair value, which principally consist of assets and liabilities acquired through business combinations and goodwill, indefinite-lived intangible assets and long-lived assets for the purposes of calculating potential impairment. The Company is required to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The three levels of inputs that may be used to measure fair value are as follows:

	Level 1: Inputs based on quoted market prices for identical assets or liabilities in active markets at the measurement date.

	Level 2: Observable inputs other than quoted prices included in Level 1, such as quoted prices for similar assets and liabilities in active markets; quoted prices for identical or similar assets and liabilities in markets that are not active; or other inputs that are observable or can be corroborated by observable market data.

	Level 3: Inputs reflect management’s best estimate of what market participants would use in pricing the asset or liability at the measurement date. The inputs are unobservable in the market and significant to the instrument’s valuation.

	The following table presents the Company’s hierarchy for its financial assets and liabilities measured at fair value on a recurring basis as of September 30, 2014:

	(In millions)	Level 1		Level 2		Level 3			Total
	Assets:
	Foreign currency forward contracts	$	—	$	25.8	$	—		$	25.8
	Available-for-sale securities	7.2		—		—			7.2
	Total	$	7.2	$	25.8	$	—		$	33

	Liabilities:
	Foreign currency forward contracts	$	—	$	10.8	$	—		$	10.8

	The following table presents the Company’s hierarchy for its financial assets and liabilities measured at fair value on a recurring basis as of June 30, 2014:

	(In millions)	Level 1		Level 2		Level 3			Total
	Assets:
	Foreign currency forward contracts	$	—	$	4.2	$	—		$	4.2
	Available-for-sale securities	7.6		—		—			7.6
	Total	$	7.6	$	4.2	$	—		$	11.8

	Liabilities:
	Foreign currency forward contracts	$	—	$	19.1	$	—		$	19.1

	The following methods and assumptions were used to estimate the fair value of the Company’s other classes of financial instruments for which it is practicable to estimate that value:

	Cash and cash equivalents — The carrying amount approximates fair value, primarily because of the short maturity of cash equivalent instruments.

	Available-for-sale securities — Available-for-sale securities are generally comprised of mutual funds and are valued using quoted market prices on an active exchange. Available-for-sale securities are included in Other assets in the accompanying consolidated balance sheets.

	Note receivable — During the second quarter of fiscal 2013, the Company amended the agreement related to the August 2007 sale of Rodan + Fields (a brand then owned by the Company) to receive a fixed amount in lieu of future contingent consideration and other rights. The fair value of the receivable under the amended agreement was determined by discounting the future cash flows using an implied market rate of 6.1%. This implied market rate reflected the Company’s estimate of interest rates prevailing in the market for notes with comparable remaining maturities, the creditworthiness of the counterparty, and an assessment of the ultimate collectability of the instrument. The implied market rate was deemed to be an unobservable input and as such the Company’s note receivable was classified within Level 3 of the valuation hierarchy as of June 30, 2014. The remaining $8.4 million principal amount was received in August 2014.

	Foreign currency forward contracts — The fair values of the Company’s foreign currency forward contracts were determined using an industry-standard valuation model, which is based on an income approach. The significant observable inputs to the model, such as swap yield curves and currency spot and forward rates, were obtained from an independent pricing service. To determine the fair value of contracts under the model, the difference between the contract price and the current forward rate was discounted using LIBOR for contracts with maturities up to 12 months, and swap yield curves for contracts with maturities greater than 12 months.

	Current and long-term debt — The fair value of the Company’s debt was estimated based on the current rates offered to the Company for debt with the same remaining maturities. To a lesser extent, debt also includes capital lease obligations for which the carrying amount approximates the fair value. The Company’s debt is classified within Level 2 of the valuation hierarchy.

	The estimated fair values of the Company’s financial instruments are as follows:

		September 30				June 30
		2014				2014
	(In millions)	Carrying		Fair		Carrying			Fair
		Amount		Value		Amount			Value
	Nonderivatives
	Cash and cash equivalents	$	1,395.40	$	1,395.40	$	1,629.10		$	1,629.10
	Available-for-sale securities	7.2		7.2		7.6			7.6
	Note receivable	—		—		8.4			8.5
	Current and long-term debt	1,333.00		1,425.90		1,343.10			1,428.30

	Derivatives
	Foreign currency forward contracts, net — asset (liability)	15		15		(14.9		)	(14.9		)

PENSION_AND_POSTRETIREMENT_BEN

PENSION AND POST-RETIREMENT BENEFIT PLANS	3 Months Ended
PENSION AND POST-RETIREMENT BENEFIT PLANS	Sep. 30, 2014
PENSION AND POST-RETIREMENT BENEFIT PLANS	'
PENSION AND POST-RETIREMENT BENEFIT PLANS	'
	NOTE 5 — PENSION AND POST-RETIREMENT BENEFIT PLANS

	The Company maintains pension plans covering substantially all of its full-time employees for its U.S. operations and a majority of its international operations. The Company also maintains post-retirement benefit plans which provide certain medical and dental benefits to eligible employees. Descriptions of these plans are discussed in the notes to consolidated financial statements in the Company’s Annual Report on Form 10-K for the fiscal year ended June 30, 2014.

	The components of net periodic benefit cost for the three months ended September 30, 2014 and 2013 consisted of the following:

														Other than
		Pension Plans												Pension Plans
		U.S.						International						Post-retirement
	(In millions)	2014			2013			2014			2013			2014			2013

	Service cost	$	7.9		$	7.9		$	6.4		$	6.1		$	0.9		$	0.9
	Interest cost	7.6			7.7			4.6			4.6			1.9			2
	Expected return on plan assets	(12.5		)	(11.7		)	(5.7		)	(5.0		)	(0.6		)	(0.5		)
	Amortization of:
	Prior service cost	0.1			0.2			0.6			0.7			0.2			0.2
	Actuarial loss	2.5			1.9			2.8			2.2			0.4			0.2
	Net periodic benefit cost	$	5.6		$	6		$	8.7		$	8.6		$	2.8		$	2.8

	During the three months ended September 30, 2014, the Company made contributions to its international pension plans totaling approximately $3 million.

	The amounts recognized in the consolidated balance sheets related to the Company’s pension and post-retirement benefit plans consist of the following:

		September 30			June 30
	(In millions)	2014			2014
	Other assets	$	131.8		$	135.2
	Other accrued liabilities	(26.9		)	(26.9		)
	Other noncurrent liabilities	(375.1		)	(380.5		)
	Funded status	(270.2		)	(272.2		)
	Accumulated other comprehensive loss	323.2			338.2
	Net amount recognized	$	53		$	66

CONTINGENCIES

CONTINGENCIES	3 Months Ended
CONTINGENCIES	Sep. 30, 2014
CONTINGENCIES	'
CONTINGENCIES	'
	NOTE 6 — CONTINGENCIES

	Legal Proceedings

	The Company is involved, from time to time, in litigation and other legal proceedings incidental to its business. Management believes that the outcome of current litigation and legal proceedings will not have a material adverse effect upon the Company’s results of operations, financial condition or cash flows. However, management’s assessment of the Company’s current litigation and other legal proceedings could change in light of the discovery of facts with respect to legal actions or other proceedings pending against the Company not presently known to the Company or determinations by judges, juries or other finders of fact which are not in accord with management’s evaluation of the possible liability or outcome of such litigation or proceedings. Reasonably possible losses in addition to the amounts accrued for litigation and other legal proceedings are not material to the Company’s consolidated financial statements.

	During the fiscal 2007 fourth quarter, the former owner of the Darphin brand initiated litigation in the Paris Commercial Court against the Company and one of its subsidiaries seeking to recover €60.0 million ($75.8 million at the exchange rate at September 30, 2014) that he claimed he was owed as additional consideration for the sale of Darphin to the Company in April 2003. On December 23, 2011, the Paris Commercial Court issued its judgment, awarding the former owner €22.9 million ($28.9 million at the exchange rate at September 30, 2014) plus interest from 2007. In accordance with the judgment, in January 2012, the Company paid €25.3 million ($31.9 million at the exchange rate at September 30, 2014) to the former owner and received from him a bank guarantee to assure repayment to the Company of such sum (or any part thereof) in the event that the judgment was reversed by the Paris Court of Appeal. The Company filed its appeal with the Paris Court of Appeal and oral arguments for the appeal took place in June 2014. The Paris Court of Appeal rendered its decision in September 2014, rejecting the lower court’s decision and concluding that the Company was liable to the former owner for €7.4 million ($9.3 million at the exchange rate at September 30, 2014), plus interest from 2007 and other costs related to the proceedings. The total of such amounts was consistent with the amount the Company had previously accrued. As a result of the decision by the Paris Court of Appeal, €16.8 million ($21.3 million at the exchange rate at September 30, 2014) was returned to the Company in October 2014.

STOCKBASED_COMPENSATION

STOCK-BASED COMPENSATION	3 Months Ended
STOCK-BASED COMPENSATION	Sep. 30, 2014
STOCK-BASED COMPENSATION	'
STOCK-BASED COMPENSATION	'
	NOTE 7 — STOCK-BASED COMPENSATION

	The Company has various stock-based compensation programs (the “Plans”) under which awards, including stock options, performance share units (“PSU”), restricted stock units (“RSU”), market share units (“MSU”), performance share units based on total stockholder return, and share units, may be granted. As of September 30, 2014, approximately 11,049,200 shares of the Company’s Class A Common Stock were reserved and available to be granted pursuant to these Plans.

	Total net stock-based compensation expense is attributable to the granting of, and the remaining requisite service periods of stock options, PSUs, RSUs, MSUs, performance share units based on total stockholder return, and share units. Compensation expense attributable to net stock-based compensation is as follows:

			Three Months Ended
			September 30
	(In millions)		2014			2013

	Compensation expense		$	62.1		$	56.3
	Income tax benefit		20.4			18.3


	As of September 30, 2014, the total unrecognized compensation cost related to unvested stock-based awards was $207.5 million and the related weighted-average period over which it is expected to be recognized is approximately 2 years.

	Stock Options

	The following is a summary of the Company’s stock option programs as of September 30, 2014 and changes during the three months then ended:

	(Shares in thousands)		Shares		Weighted-			Aggregate		Weighted-
					Average			Intrinsic		Average
					Exercise			Value (1)		Contractual Life
					Price Per			(in millions)		Remaining in
					Share					Years

	Outstanding at June 30, 2014		14,127.80		$	41.51
	Granted at fair value		2,122.20		76.23
	Exercised		(390.1	)	32.46
	Expired		(1.8	)	33.61
	Forfeited		(30.9	)	61.37
	Outstanding at September 30, 2014		15,827.20		46.35			$	452.3	6.8

	Vested and expected to vest at September 30, 2014		15,637.10		46.07			$	451.1	6.7

	Exercisable at September 30, 2014		9,046.00		32.05			$	386	5.4



	(1) The intrinsic value of a stock option is the amount by which the market value of the underlying stock exceeds the exercise price of the option.

	The following is a summary of the per-share weighted-average grant date fair value of stock options granted and total intrinsic value of stock options exercised:

			Three Months Ended
			September 30
	(In millions, except per share data)		2014			2013

	Per-share weighted-average grant date fair value of stock options granted		$	22.43		$	23.03

	Intrinsic value of stock options exercised		$	16.8		$	10.8

	The fair value of each option grant was estimated on the date of grant using the Black-Scholes option-pricing model with the following assumptions:

			Three Months Ended
			September 30
			2014		2013

	Weighted-average expected stock-price volatility		28%		33%
	Weighted-average expected option life		7 years		7 years
	Average risk-free interest rate		2.20%		2.50%
	Average dividend yield		1.10%		1.10%

	The Company uses a weighted-average expected stock-price volatility assumption that is a combination of both current and historical implied volatilities of the underlying stock. The implied volatilities were obtained from publicly available data sources. For the weighted-average expected option life assumption, the Company considers the exercise behavior of past grants and models the pattern of aggregate exercises. The average risk-free interest rate is based on the U.S. Treasury strip rate for the expected term of the options and the average dividend yield is based on historical experience.

Performance Share Units

During the three months ended September 30, 2014, the Company granted approximately 261,700 PSUs, which will be settled in stock subject to the achievement of the Company’s net sales, diluted net earnings per common share and return on invested capital goals for the three fiscal years ending June 30, 2017, all subject to the continued employment or retirement of the grantees. PSUs granted in fiscal 2015 are accompanied by dividend equivalent rights that will be payable in cash upon settlement of the PSU. In September 2014, approximately 377,300 shares of the Company’s Class A Common Stock were issued and related accrued dividends were paid, relative to the target goals set at the time of the PSU issuance, in settlement of approximately 259,700 PSUs that vested as of June 30, 2014.

The following is a summary of the status of the Company’s PSUs as of September 30, 2014 and activity during the three months then ended:

				Weighted-Average
				Grant Date
(Shares in thousands)		Shares		Fair Value Per Share

Nonvested at June 30, 2014		538.6		$	63.53
Granted		261.7		76.23
Vested		—		—
Forfeited		—		—
Nonvested at September 30, 2014		800.3		67.68


Restricted Stock Units

The Company granted approximately 1,394,200 RSUs during the three months ended September 30, 2014 which, at the time of grant, were scheduled to vest as follows: 495,100 in fiscal 2016, 511,800 in fiscal 2017 and 387,300 in fiscal 2018. All RSUs are subject to the continued employment or retirement of the grantees. The RSUs granted in fiscal 2015 are accompanied by dividend equivalent rights, payable upon settlement of the RSU either in cash or shares (based on the terms of the particular award) upon settlement of the RSU and, as such, were valued at the closing market price of the Company’s Class A Common Stock on the date of grant.

The following is a summary of the status of the Company’s RSUs as of September 30, 2014 and activity during the three months then ended:

				Weighted-Average
				Grant Date
(Shares in thousands)		Shares		Fair Value Per Share

Nonvested at June 30, 2014		2,222.10		$	62.21
Granted		1,394.20		76.23
Vested		—		—
Forfeited		(19.6	)	64.05
Nonvested at September 30, 2014		3,596.70		67.64


Performance Share Units Based on Total Stockholder Return

During fiscal 2013, the Company granted PSUs to an executive of the Company with an aggregate target payout of 162,760 shares of the Company’s Class A Common Stock, subject to continued employment through the end of the relative performance periods, which end June 30, 2015, 2016 and 2017. Such PSUs will be settled based upon the Company’s relative total stockholder return (“TSR”) over the relevant performance period as compared to companies in the S&P 500 on July 1, 2012. No settlement will occur if the Company’s TSR falls below a minimum threshold, and up to an aggregate of 260,416 shares of the Company’s Class A Common Stock will be issued depending on the extent to which the Company’s TSR equals or exceeds the minimum threshold. The PSUs are accompanied by dividend equivalent rights that will be payable in cash upon settlement of the PSUs.

The grant date fair value of the PSUs of $11.0 million was estimated using a lattice model with a Monte Carlo simulation and the following assumptions for each performance period, respectively: contractual life of 33, 45 and 57 months, average risk-free interest rate of 0.3%, 0.5% and 0.7% and a dividend yield of 1.0%. Using the historical stock prices and dividends from public sources, the Company estimated the covariance structure of the returns on S&P 500 stocks. The volatility for the Company’s stock produced by this estimation was 32%. The average risk-free interest rate is based on the U.S. Treasury strip rates over the contractual term of the grant and the dividend yield is based on historical experience.

Market Share Unit

The Company had one outstanding market share unit, which vested on June 30, 2014. The market share unit had a grant date fair value of $10.6 million that was estimated using a lattice model with a Monte Carlo simulation and the following assumptions: contractual life of 41 months, a weighted-average expected volatility of 29%, a weighted-average risk-free interest rate of 1.6% and a weighted-average dividend yield of 1.0%. The Company used an expected stock-price volatility assumption that is a combination of both current and historical implied volatilities from options on the underlying stock. The implied volatilities were obtained from publicly available data sources. The expected life was equal to the contractual term of the grant. The average risk-free interest rate was based on the U.S. Treasury strip rates over the contractual term of the grant and the average dividend yield was based on historical experience. In accordance with the terms of the grant, 320,000 shares of the Company’s Class A Common Stock were issued, and related dividends were paid. The number of shares equaled the maximum payout under the award, because the average closing stock price per share of the Company’s Class A Common Stock on the New York Stock Exchange during the last 20 trading days ending on June 30, 2014 exceeded $75.00 per share.

Share Units

The Company grants share units to certain non-employee directors under the Non-Employee Director Share Incentive Plan. The following is a summary of the status of the Company’s share units as of September 30, 2014 and activity during the three months then ended:

				Weighted-Average
				Grant Date
(Shares in thousands)		Shares		Fair Value Per Share

Outstanding at June 30, 2014		98.8		$	37.67
Granted		—		—
Dividend equivalents		0.3		74.43
Converted		—		—
Outstanding at September 30, 2014		99.1		37.77


Cash Units

Certain non-employee directors defer cash compensation in the form of cash payout share units, which are not subject to the Plans. These share units are classified as liabilities and, as such, their fair value is adjusted to reflect the current market value of the Company’s Class A Common Stock. The Company recorded $0.2 million and $1.0 million as compensation expense to reflect additional deferrals and the change in the market value for the three months ended September 30, 2014 and 2013, respectively.

NET_EARNINGS_ATTRIBUTABLE_TO_T

NET EARNINGS ATTRIBUTABLE TO THE ESTEE LAUDER COMPANIES INC. PER COMMON SHARE	3 Months Ended
	Sep. 30, 2014
NET EARNINGS ATTRIBUTABLE TO THE ESTEE LAUDER COMPANIES INC. PER COMMON SHARE	'
NET EARNINGS ATTRIBUTABLE TO THE ESTEE LAUDER COMPANIES INC. PER COMMON SHARE	'
	NOTE 8 — NET EARNINGS ATTRIBUTABLE TO THE ESTÉE LAUDER COMPANIES INC. PER COMMON SHARE

	Net earnings attributable to The Estée Lauder Companies Inc. per common share (“basic EPS”) is computed by dividing net earnings attributable to The Estée Lauder Companies Inc. by the weighted-average number of common shares outstanding and contingently issuable shares (which satisfy certain conditions). Net earnings attributable to The Estée Lauder Companies Inc. per common share assuming dilution (“diluted EPS”) is computed by reflecting potential dilution from stock-based awards.

	A reconciliation between the numerator and denominator of the basic and diluted EPS computations is as follows:

		Three Months Ended
		September 30
	(In millions, except per share data)	2014		2013

	Numerator:
	Net earnings attributable to The Estée Lauder Companies Inc.	$	228.1	$	300.7

	Denominator:
	Weighted-average common shares outstanding — Basic	381.8		387.8
	Effect of dilutive stock options	4.8		5.1
	Effect of RSUs	1.6		1.6
	Effect of PSUs based on TSR	—		0.1
	Effect of MSU	—		0.3
	Weighted-average common shares outstanding — Diluted	388.2		394.9

	Net earnings attributable to The Estée Lauder Companies Inc. per common share:
	Basic	$	0.6	$	0.78
	Diluted	0.59		0.76

	As of September 30, 2014 and 2013, outstanding options to purchase 2.1 million and 1.9 million shares, respectively, of Class A Common Stock were not included in the computation of diluted EPS because their inclusion would be anti-dilutive. As of September 30, 2014 and 2013, 0.8 million PSUs have been excluded from the calculation of diluted EPS because the number of shares ultimately issued is contingent on the achievement of certain performance targets of the Company, as discussed in Note 7 — Stock-Based Compensation.

EQUITY

EQUITY	3 Months Ended
EQUITY	Sep. 30, 2014
EQUITY	'
EQUITY	'
	NOTE 9 — EQUITY

			Total Stockholders’ Equity — The Estée Lauder Companies Inc.																		Non-
	(In millions)		Common			Paid-in			Retained			AOCI			Treasury			Total			controlling			Total
	(In millions)		Stock			Capital			Earnings			AOCI			Stock			Total			Interests			Equity

	Balance at June 30, 2014		$	5.6		$	2,562.70		$	6,265.80		$	(100.3	)	$	(4,878.9	)	$	3,854.90		$	14.5		$	3,869.40
	Net earnings		—			—			228.1			—			—			228.1			1.1			229.2
	Common stock dividends		—			—			(76.5		)	—			—			(76.5		)	—			(76.5		)
	Other comprehensive income (loss)		—			—			—			(103.8		)	—			(103.8		)	(1.6		)	(105.4		)
	Acquisition of treasury stock		—			—			—			—			(179.8		)	(179.8		)	—			(179.8		)
	Stock-based compensation		—			84.3			—			—			(27.0		)	57.3			—			57.3
	Balance at September 30, 2014		$	5.6		$	2,647.00		$	6,417.40		$	(204.1	)	$	(5,085.7	)	$	3,780.20		$	14		$	3,794.20

	The following is a summary of quarterly cash dividends declared per share on the Company’s Class A and Class B Common Stock during the three months ended September 30, 2014:

	Date Declared		Record Date		Payable Date		Amount per Share

	August 14, 2014		August 29, 2014		September 15, 2014		$	0.2


	On November 3, 2014, a quarterly dividend was declared in the amount of $.24 per share on the Company’s Class A and Class B Common Stock. The dividend is payable in cash on December 15, 2014 to stockholders of record at the close of business on November 28, 2014.

	Common Stock

	During the three months ended September 30, 2014, the Company purchased approximately 2.7 million shares of its Class A Common Stock for $207.0 million.

	During the three months ended September 30, 2014, approximately 0.5 million shares of the Company’s Class B Common Stock were converted into the same amount of shares of the Company’s Class A Common Stock.

	Subsequent to September 30, 2014 and through October 28, 2014, the Company repurchased approximately 1.6 million additional shares of its Class A Common Stock for $120.0 million pursuant to its share repurchase program.

	Accumulated Other Comprehensive Income (Loss)

	The following table represents changes in AOCI, net of tax, by component for the three months ended September 30, 2014:

	(In millions)		Net			Net			Amounts			Translation			Total
			Unrealized			Derivative			Included in			Adjustments
			Investment			Instrument			Net Periodic
			Gain (Loss)			Gain (Loss)			Benefit Cost
	Balance at June 30, 2014		$	1.4		$	(0.9	)	$	(233.0	)	$	132.2		$	(100.3	)
	OCI before reclassifications		—			21.7			6.4		-1	(136.7		)	(108.6		)
	Amounts reclassified from AOCI		—			0.1			4.7			—			4.8
	Net current-period OCI		—			21.8			11.1			(136.7		)	(103.8		)
	Balance at September 30, 2014		$	1.4		$	20.9		$	(221.9	)	$	(4.5	)	$	(204.1	)


	(1) Includes foreign currency translation gains of $8.4 million.

	The following table represents the effects of reclassification adjustments from AOCI into net earnings for the three months ended September 30, 2014 and 2013:

			Amount Reclassified from AOCI
			Three Months Ended						Affected Line Item in Consolidated
			September 30						Affected Line Item in Consolidated
	(In millions)		2014			2013			Statement of Earnings

	Gain (Loss) on Cash-Flow Hedges
	Foreign currency forward contracts		$	(0.4	)	$	1.4		Cost of sales
	Foreign currency forward contracts		0.2			2.4			Selling, general and administrative
			(0.2		)	3.8			Earnings before income taxes
	Benefit (provision) for deferred taxes		—			(1.4		)	Provision for income taxes
			$	(0.2	)	$	2.4		Net earnings
	Gain (Loss) on Fair-Value Hedges
	Settled interest rate-related derivatives		$	0.1		$	0.1		Interest expense, net
Benefit (provision) for deferred taxes		—			—			Provision for income taxes
		$	0.1		$	0.1		Net earnings
Amounts Included in Net Periodic Benefit Cost
Amortization of prior service cost		$	(0.9	)	$	(1.1	)	-1
Amortization of actuarial loss		(5.7		)	(4.3		)	-1
		(6.6		)	(5.4		)	Earnings before income taxes
Benefit (provision) for deferred taxes		1.9			1.6			Provision for income taxes
		$	(4.7	)	$	(3.8	)	Net earnings
Total reclassification adjustments, net		$	(4.8	)	$	(1.3	)	Net earnings


(1) See Note 5 — Pension and Post-Retirement Benefit Plans for additional information.

STATEMENT_OF_CASH_FLOWS

STATEMENT OF CASH FLOWS	3 Months Ended
STATEMENT OF CASH FLOWS	Sep. 30, 2014
STATEMENT OF CASH FLOWS	'
STATEMENT OF CASH FLOWS	'
	NOTE 10 — STATEMENT OF CASH FLOWS

	Supplemental cash flow information for the three months ended September 30, 2014 and 2013 is as follows:

	(In millions)	2014			2013

	Cash:
	Cash paid during the period for interest	$	8.4		$	8.7
	Cash paid during the period for income taxes	$	68.3		$	50.8

	Non-cash investing and financing activities:
	Incremental tax benefit from the exercise of stock options	$	(1.5	)	$	(0.8	)
	Capital lease obligations incurred	$	1.7		$	1.7

SEGMENT_DATA_AND_RELATED_INFOR

SEGMENT DATA AND RELATED INFORMATION	3 Months Ended
SEGMENT DATA AND RELATED INFORMATION	Sep. 30, 2014
SEGMENT DATA AND RELATED INFORMATION	'
SEGMENT DATA AND RELATED INFORMATION	'
	NOTE 11 — SEGMENT DATA AND RELATED INFORMATION

	Reportable operating segments include components of an enterprise about which separate financial information is available that is evaluated regularly by the chief operating decision maker (the “Chief Executive”) in deciding how to allocate resources and in assessing performance. Although the Company operates in one business segment, beauty products, management also evaluates performance on a product category basis. Product category performance is measured based upon net sales and earnings before income taxes, net interest expense, and total charges associated with restructuring activities. Total charges associated with restructuring activities are not allocated to the product categories because they result from activities that are deemed part of a company-wide program to redesign the Company’s organizational structure.

	The accounting policies for the Company’s reportable segments are substantially the same as those for the consolidated financial statements, as described in the notes to consolidated financial statements in the Company’s Annual Report on Form 10-K for the fiscal year ended June 30, 2014. 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 Executive or included herein. There has been no significant variance in the total or long-lived asset values associated with the Company’s segment data since June 30, 2014.

		Three Months Ended
		September 30
	(In millions)	2014			2013

	PRODUCT CATEGORY DATA
	Net Sales:
	Skin Care	$	1,091.40		$	1,171.00
	Makeup	1,021.30			1,001.00
	Fragrance	377.4			367.4
	Hair Care	128.1			124.8
	Other	12.8			10.8
	Net Sales	$	2,631.00		$	2,675.00
	Operating Income (Loss) before total charges associated with restructuring activities:
	Skin Care	$	176.4		$	241.6
	Makeup	125.9			166.3
	Fragrance	39			36.9
	Hair Care	8.8			8.4
	Other	(2.1		)	(2.5		)
		348			450.7

	Reconciliation:
	Total charges associated with restructuring activities	—			(1.2		)
	Interest expense, net	(13.2		)	(13.5		)
	Earnings before income taxes	$	334.8		$	436

	GEOGRAPHIC DATA
	Net Sales:
	The Americas	$	1,114.80		$	1,202.40
	Europe, the Middle East & Africa	942.2			891.2
	Asia/Pacific	574			581.4
	Net Sales	$	2,631.00		$	2,675.00
	Operating Income (Loss):
	The Americas	$	57.4		$	156
	Europe, the Middle East & Africa	169.9			180.8
	Asia/Pacific	120.7			113.9
		348			450.7
	Total charges associated with restructuring activities	—			(1.2		)
	Operating Income	$	348		$	449.5

SUMMARY_OF_SIGNIFICANT_ACCOUNT1

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	3 Months Ended
	Sep. 30, 2014
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	'
Basis of Presentation	'
	Basis of Presentation

	The accompanying consolidated financial statements include the accounts of The Estée Lauder Companies Inc. and its subsidiaries (collectively, the “Company”). All significant intercompany balances and transactions have been eliminated.

	The unaudited interim consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”) for interim financial information and with the instructions to Form 10-Q and Rule 10-01 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by U.S. GAAP for complete financial statements. In the opinion of management, all adjustments of a normal recurring nature considered necessary for a fair presentation have been included. The results of operations of any interim period are not necessarily indicative of the results of operations to be expected for the full fiscal year. The interim consolidated financial statements should be read in conjunction with the consolidated financial statements and accompanying footnotes included in the Company’s Annual Report on Form 10-K for the fiscal year ended June 30, 2014.
Management Estimates	'
	Management Estimates

	The preparation of financial statements and related disclosures in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses reported in those financial statements. Certain significant accounting policies that contain subjective management estimates and assumptions include those related to revenue recognition, inventory, pension and other post-retirement benefit costs, goodwill, other intangible assets and long-lived assets, and income taxes. Descriptions of these policies are discussed in the notes to consolidated financial statements in the Company’s Annual Report on Form 10-K for the fiscal year ended June 30, 2014. Management evaluates its estimates and assumptions on an ongoing basis using historical experience and other factors, including the current economic environment, and makes adjustments when facts and circumstances dictate. As future events and their effects cannot be determined with precision, actual results could differ significantly from those estimates and assumptions. Significant changes, if any, in those estimates and assumptions resulting from continuing changes in the economic environment will be reflected in the consolidated financial statements in future periods.
Currency Translation and Transactions	'
	Currency Translation and Transactions

	All assets and liabilities of foreign subsidiaries and affiliates are translated at period-end rates of exchange, while revenue and expenses are translated at weighted-average rates of exchange for the period. Unrealized translation gains (losses) reported as cumulative translation adjustments through other comprehensive income (loss) (“OCI”) attributable to The Estée Lauder Companies Inc. amounted to $(136.7) million and $72.5 million, net of tax, during the three months ended September 30, 2014 and 2013, respectively. For the Company’s Venezuelan subsidiary operating in a highly inflationary economy, the U.S. dollar is the functional currency. Remeasurement adjustments in financial statements in a highly inflationary economy and other transactional gains and losses are reflected in earnings.

	The Company enters into foreign currency forward contracts and may enter into option contracts to hedge foreign currency transactions for periods consistent with its identified exposures. Accordingly, the Company categorizes these instruments as entered into for purposes other than trading.

	The accompanying consolidated statements of earnings include net exchange gains (losses) on foreign currency transactions of $(9.9) million and $0.1 million during the three months ended September 30, 2014 and 2013, respectively.
Cash and Cash Equivalents	'
	Cash and Cash Equivalents

	In October 2014, the Company modified its cash investment strategy and invested approximately $500 million of cash and cash equivalents in short- and long-term investments. The Company’s investment objectives include capital preservation, maintaining adequate liquidity, asset diversification, and achieving appropriate returns within the guidelines set forth in the Company’s investment policy. These investments will be classified as available-for-sale.
Accounts Receivable	'
	Accounts Receivable

	Accounts receivable is stated net of the allowance for doubtful accounts and customer deductions totaling $23.5 million and $23.9 million as of September 30, 2014 and June 30, 2014, respectively.
Concentration of Credit Risk	'
	Concentration of Credit Risk

	The Company is a worldwide manufacturer, marketer and distributor of skin care, makeup, fragrance and hair care products. The Company’s sales subject to credit risk are made primarily to department stores, perfumeries, specialty multi-brand retailers and retailers in its travel retail business. The Company grants credit to all qualified customers and does not believe it is exposed significantly to any undue concentration of credit risk.

	The Company’s largest customer sells products primarily within the United States and accounted for $292.8 million, or 11%, and $341.6 million, or 13%, of the Company’s consolidated net sales for the three months ended September 30, 2014 and 2013, respectively. This customer accounted for $229.7 million, or 15%, and $158.5 million, or 11%, of the Company’s accounts receivable at September 30, 2014 and June 30, 2014, respectively.
Property, Plant and Equipment	'
	Property, Plant and Equipment

		September 30		June 30
	(In millions)	2014		2014
	Assets (Useful Life)
	Land	$	15.2	$	15.4
	Buildings and improvements (10 to 40 years)	199.5		205
	Machinery and equipment (3 to 10 years)	667		673.9
	Computer hardware and software (4 to 10 years)	996.1		994.8
	Furniture and fixtures (5 to 10 years)	71.7		75.1
	Leasehold improvements	1,541.30		1,565.70
		3,490.80		3,529.90
	Less accumulated depreciation and amortization	2,046.50		2,027.30
		$	1,444.30	$	1,502.60

	The cost of assets related to projects in progress of $136.0 million and $229.9 million as of September 30, 2014 and June 30, 2014, respectively, is included in their respective asset categories above. Depreciation and amortization of property, plant and equipment was $98.9 million and $87.1 million during the three months ended September 30, 2014 and 2013, respectively. Depreciation and amortization related to the Company’s manufacturing process is included in Cost of Sales, and all other depreciation and amortization is included in Selling, general and administrative expenses in the accompanying consolidated statements of earnings.
Income Taxes	'
	Income Taxes

	The effective rate for income taxes was 31.5% and 30.8% for the three months ended September 30, 2014 and 2013, respectively. The increase in the effective income tax rate was primarily attributable to a slight increase in income tax reserve adjustments.

	As of September 30, 2014 and June 30, 2014, the gross amount of unrecognized tax benefits, exclusive of interest and penalties, totaled $58.5 million and $58.1 million, respectively. The total amount of unrecognized tax benefits at September 30, 2014 that, if recognized, would affect the effective tax rate was $41.2 million. The total gross interest and penalties accrued related to unrecognized tax benefits during the three months ended September 30, 2014 in the accompanying consolidated statement of earnings was $1.0 million. The total gross accrued interest and penalties in the accompanying consolidated balance sheets at September 30, 2014 and June 30, 2014 was $13.1 million and $12.5 million, respectively. On the basis of the information available as of September 30, 2014, the Company does not expect any significant changes to the total amount of unrecognized tax benefits within the next 12 months.

	During the three months ended September 30, 2014, the Company formally concluded the compliance process with respect to fiscal 2013 under the U.S. Internal Revenue Service Compliance Assurance Program. The conclusion of this process did not impact the Company’s consolidated financial statements.

	As of September 30, 2014 and June 30, 2014, the Company had current net deferred tax assets of $282.3 million and $295.1 million, respectively, substantially all of which are included in Prepaid expenses and other current assets in the accompanying consolidated balance sheets. In addition, the Company had noncurrent net deferred tax assets of $89.0 million and $85.5 million as of September 30, 2014 and June 30, 2014, respectively, substantially all of which are included in Other assets in the accompanying consolidated balance sheets.
Recently Adopted and Issued Accounting Standards	'
	Recently Adopted Accounting Standards

	In July 2013, the Financial Accounting Standards Board (“FASB”) issued authoritative guidance that requires an entity to present an unrecognized tax benefit, or a portion of an unrecognized tax benefit, in the financial statements as a reduction to a deferred tax asset for a net operating loss (“NOL”) carryforward, a similar tax loss, or a tax credit carryforward. If either (i) an NOL carryforward, a similar tax loss, or tax credit carryforward is not available as of the reporting date under the governing tax law to settle taxes that would result from the disallowance of the tax position or (ii) the entity does not intend to use the deferred tax asset for this purpose (provided that the tax law permits a choice), an entity should present an unrecognized tax benefit in the financial statements as a liability and should not net the unrecognized tax benefit with a deferred tax asset. This guidance became effective for unrecognized tax benefits that existed as of the Company’s fiscal 2015 first quarter. The adoption of this guidance did not have a significant impact on the Company’s consolidated financial statements.

	In March 2013, the FASB issued authoritative guidance to resolve the diversity in practice concerning the release of the cumulative translation adjustment (“CTA”) into net income (i) when a parent sells a part or all of its investment in a foreign entity or no longer holds a controlling financial interest in a subsidiary or group of assets within a foreign entity, and (ii) in connection with a step acquisition of a foreign entity. This amended guidance requires that CTA be released in net income only if the sale or transfer results in the complete or substantially complete liquidation of the foreign entity in which the subsidiary or group of assets had resided, and that a pro rata portion of the CTA be released into net income upon a partial sale of an equity method investment in a foreign entity only. In addition, the amended guidance clarifies the definition of a sale of an investment in a foreign entity to include both, events that result in the loss of a controlling financial interest in a foreign entity and events that result in an acquirer obtaining control of an acquiree in which it held an equity interest immediately prior to the date of acquisition. The CTA should be released into net income upon the occurrence of such events. This guidance became effective prospectively for the Company’s fiscal 2015 first quarter. The adoption of this guidance did not have an impact on the Company’s consolidated financial statements.

	Recently Issued Accounting Standards

	In June 2014, the FASB amended its authoritative guidance on accounting for certain share-based payment awards. The amended guidance requires that if share-based compensation awards have terms of a performance target that affect vesting and that could be achieved after the requisite service period, such performance target should be treated as a performance condition. As such, the performance target should not be reflected in estimating the grant-date fair value of the award and compensation cost should be recognized in the period in which it becomes probable that the performance target will be achieved. This guidance becomes effective for the Company’s fiscal 2017 first quarter, with early adoption permitted. The guidance will permit an entity to apply the amendments in the update either (a) prospectively to all awards granted or modified after the effective date or (b) retrospectively to all awards with performance targets that are outstanding as of the beginning of the earliest annual period presented in the consolidated financial statements and to all new or modified awards thereafter. The Company will apply this new guidance when it becomes effective, and is currently evaluating the impact of adoption on its consolidated financial statements.

	In May 2014, the FASB issued authoritative guidance that defines how companies should report revenues from contracts with customers. The standard requires an entity to recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. It provides companies with a single comprehensive five-step principles-based model to use in accounting for revenue and supersedes current revenue recognition requirements, including most industry-specific and transaction-specific revenue guidance. This guidance becomes effective for the Company’s fiscal 2018 first quarter, and early adoption is not permitted. The guidance permits an entity to apply the standard retrospectively to all prior periods presented, with certain practical expedients, or apply the requirements in the year of adoption, through a cumulative adjustment. The Company will apply this new guidance when it becomes effective and has not yet selected a transition method. The Company is currently evaluating the impact of adoption on its consolidated financial statements.

	In April 2014, the FASB issued authoritative guidance which changes the criteria for a disposal to qualify as a discontinued operation. This revised standard defines a discontinued operation as (i) a component of an entity or group of components that has been disposed of or is classified as held for sale that represents a strategic shift that has or will have a major effect on an entity’s operations and financial results or (ii) an acquired business or nonprofit activity that is classified as held for sale on the date of acquisition. The standard also requires expanded disclosures related to discontinued operations and added disclosure requirements for individually material disposal transactions that do not meet the discontinued operations criteria. This guidance becomes effective prospectively for the Company’s fiscal 2016 first quarter, with early adoption permitted, but only for disposals (or classifications as held for sale) that have not been reported in financial statements previously issued or available to be issued. The Company will apply this new guidance when it becomes effective, and the adoption of this guidance is not expected to have a significant impact on its consolidated financial statements.

SUMMARY_OF_SIGNIFICANT_ACCOUNT2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	3 Months Ended
	Sep. 30, 2014
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	'
Inventory and Promotional Merchandise	'


		September 30		June 30
	(In millions)	2014		2014

	Raw materials	$	275.2	$	317.5
	Work in process	140.3		192.4
	Finished goods	647.7		599.5
	Promotional merchandise	193.8		184.6
		$	1,257.00	$	1,294.00

Property, Plant and Equipment	'


		September 30		June 30
	(In millions)	2014		2014
	Assets (Useful Life)
	Land	$	15.2	$	15.4
	Buildings and improvements (10 to 40 years)	199.5		205
	Machinery and equipment (3 to 10 years)	667		673.9
	Computer hardware and software (4 to 10 years)	996.1		994.8
	Furniture and fixtures (5 to 10 years)	71.7		75.1
	Leasehold improvements	1,541.30		1,565.70
		3,490.80		3,529.90
	Less accumulated depreciation and amortization	2,046.50		2,027.30
		$	1,444.30	$	1,502.60

Other Accrued Liabilities	'


		September 30		June 30
	(In millions)	2014		2014

	Advertising, merchandising and sampling	$	326.2	$	301.7
	Employee compensation	311.8		468.2
	Payroll and other taxes	182.7		161.2
	Accrued income taxes	147.9		113.6
	Other	443		469.1
		$	1,411.60	$	1,513.80

GOODWILL_AND_OTHER_INTANGIBLE_1

GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)	3 Months Ended
	Sep. 30, 2014
GOODWILL AND OTHER INTANGIBLE ASSETS	'
Schedule of goodwill by product category and related change in the carrying amount	'


	(In millions)	Skin Care			Makeup			Fragrance			Hair Care			Total

	Balance as of June 30, 2014
	Goodwill	$	68.9		$	440.7		$	54.8		$	402.3		$	966.7
	Accumulated impairments	(33.6		)	—			—			(39.9		)	(73.5		)
		35.3			440.7			54.8			362.4			893.2

	Goodwill acquired during the period	—			2.7			—			—			2.7
	Translation adjustments	(0.2		)	(0.2		)	(0.1		)	(1.5		)	(2.0		)
		(0.2		)	2.5			(0.1		)	(1.5		)	0.7

	Balance as of September 30, 2014
	Goodwill	66.9			443.2			54.7			399.5			964.3
	Accumulated impairments	(31.8		)	—			—			(38.6		)	(70.4		)
		$	35.1		$	443.2		$	54.7		$	360.9		$	893.9

Other intangible assets, by type	'


		September 30, 2014									June 30, 2014
	(In millions)	Gross			Accumulated			Total Net			Gross			Accumulated			Total Net
		Carrying			Amortization			Book			Carrying			Amortization			Book
		Value						Value			Value						Value

	Amortizable intangible assets:
	Customer lists and other	$	267.6		$	219.3		$	48.3		$	268.3		$	216.7		$	51.6
	License agreements	43			43			—			43			43			—
		$	310.6		$	262.3		48.3			$	311.3		$	259.7		51.6
	Non-amortizable intangible assets:
	Trademarks and other							105.7									105.7
	Total intangible assets							$	154								$	157.3

DERIVATIVE_FINANCIAL_INSTRUMEN1

DERIVATIVE FINANCIAL INSTRUMENTS (Tables)	3 Months Ended
DERIVATIVE FINANCIAL INSTRUMENTS (Tables)	Sep. 30, 2014
DERIVATIVE FINANCIAL INSTRUMENTS	'
Schedule of fair values of the derivative financial instruments included in the consolidated balance sheets	'


		Asset Derivatives							Liability Derivatives
				Fair Value (1)							Fair Value (1)
		Balance Sheet		September 30			June 30		Balance Sheet		September 30			June 30
	(In millions)	Location		2014			2014		Location		2014			2014
	Derivatives Designated as Hedging Instruments:
	Foreign currency forward contracts	Prepaid expenses and other current assets		$	23.6		$	3.4	Other accrued liabilities		$	5.9		$	18.2

	Derivatives Not Designated as Hedging Instruments:
	Foreign currency forward contracts	Prepaid expenses and other current assets		2.2			0.8		Other accrued liabilities		4.9			0.9

	Total Derivatives			$	25.8		$	4.2			$	10.8		$	19.1


	(1) See Note 4 — Fair Value Measurements for further information about how the fair value of derivative assets and liabilities are determined.
Schedule of gains and losses related to derivative financial instruments designated as hedging instruments	'


		Amount of Gain or (Loss)						Location of Gain or	Amount of Gain or (Loss)
		Recognized in OCI on						(Loss) Reclassified	Reclassified from AOCI
		Derivatives							into Earnings
		(Effective Portion)							(Effective Portion) (1)
		Three Months Ended						from AOCI into	Three Months Ended
		September 30						Earnings	September 30
	(In millions)	2014			2013			(Effective Portion)	2014			2013
	Derivatives in Cash Flow Hedging Relationships:

	Foreign currency forward contracts	$	33.7		$	(13.6	)	Cost of sales	$	(0.4	)	$	1.4
								Selling, general and administrative	0.2			2.4
	Total derivatives	$	33.7		$	(13.6	)		$	(0.2	)	$	3.8


	(1) The amount of gain (loss) recognized in earnings related to the amount excluded from effectiveness testing was $(1.4) million and $0.1 million for the three months ended September 2014 and 2013, respectively. There was no gain (loss) recognized in earnings related to the ineffective portion of the hedging relationships for the three months ended September 30, 2014. The net loss recognized in earnings related to the ineffective portion of the hedging relationships was $0.5 million for the three months ended September 30, 2013.
Schedule of gains and losses related to derivative financial instruments not designated as hedging instruments	'


				Amount of Gain or (Loss)
				Recognized in Earnings on
				Derivatives
		Location of Gain or (Loss)		Three Months Ended
		Recognized in Earnings on		September 30
	(In millions)	Derivatives		2014			2013
	Derivatives Not Designated as Hedging Instruments:

	Foreign currency forward contracts	Selling, general and administrative		$	(2.7	)	$	3

FAIR_VALUE_MEASUREMENTS_Tables

FAIR VALUE MEASUREMENTS (Tables)	3 Months Ended
	Sep. 30, 2014
FAIR VALUE MEASUREMENTS	'
Financial assets and liabilities measured at fair value on a recurring basis	'
	The following table presents the Company’s hierarchy for its financial assets and liabilities measured at fair value on a recurring basis as of September 30, 2014:

	(In millions)	Level 1		Level 2		Level 3			Total
	Assets:
	Foreign currency forward contracts	$	—	$	25.8	$	—		$	25.8
	Available-for-sale securities	7.2		—		—			7.2
	Total	$	7.2	$	25.8	$	—		$	33

	Liabilities:
	Foreign currency forward contracts	$	—	$	10.8	$	—		$	10.8

	The following table presents the Company’s hierarchy for its financial assets and liabilities measured at fair value on a recurring basis as of June 30, 2014:

	(In millions)	Level 1		Level 2		Level 3			Total
	Assets:
	Foreign currency forward contracts	$	—	$	4.2	$	—		$	4.2
	Available-for-sale securities	7.6		—		—			7.6
	Total	$	7.6	$	4.2	$	—		$	11.8

	Liabilities:
	Foreign currency forward contracts	$	—	$	19.1	$	—		$	19.1

Estimated fair values of financial instruments	'


		September 30				June 30
		2014				2014
	(In millions)	Carrying		Fair		Carrying			Fair
		Amount		Value		Amount			Value
	Nonderivatives
	Cash and cash equivalents	$	1,395.40	$	1,395.40	$	1,629.10		$	1,629.10
	Available-for-sale securities	7.2		7.2		7.6			7.6
	Note receivable	—		—		8.4			8.5
	Current and long-term debt	1,333.00		1,425.90		1,343.10			1,428.30

	Derivatives
	Foreign currency forward contracts, net — asset (liability)	15		15		(14.9		)	(14.9		)

PENSION_AND_POSTRETIREMENT_BEN1

PENSION AND POST-RETIREMENT BENEFIT PLANS (Tables)	3 Months Ended
PENSION AND POST-RETIREMENT BENEFIT PLANS (Tables)	Sep. 30, 2014
PENSION AND POST-RETIREMENT BENEFIT PLANS	'
Schedule of components of net periodic benefit cost for pension and other post-retirement benefit plans	'
	The components of net periodic benefit cost for the three months ended September 30, 2014 and 2013 consisted of the following:

														Other than
		Pension Plans												Pension Plans
		U.S.						International						Post-retirement
	(In millions)	2014			2013			2014			2013			2014			2013

	Service cost	$	7.9		$	7.9		$	6.4		$	6.1		$	0.9		$	0.9
	Interest cost	7.6			7.7			4.6			4.6			1.9			2
	Expected return on plan assets	(12.5		)	(11.7		)	(5.7		)	(5.0		)	(0.6		)	(0.5		)
	Amortization of:
	Prior service cost	0.1			0.2			0.6			0.7			0.2			0.2
	Actuarial loss	2.5			1.9			2.8			2.2			0.4			0.2
	Net periodic benefit cost	$	5.6		$	6		$	8.7		$	8.6		$	2.8		$	2.8

Schedule of amounts recognized in the consolidated balance sheets related to the entity's pension and post-retirement benefit plans	'


		September 30			June 30
	(In millions)	2014			2014
	Other assets	$	131.8		$	135.2
	Other accrued liabilities	(26.9		)	(26.9		)
	Other noncurrent liabilities	(375.1		)	(380.5		)
	Funded status	(270.2		)	(272.2		)
	Accumulated other comprehensive loss	323.2			338.2
	Net amount recognized	$	53		$	66

STOCKBASED_COMPENSATION_Tables

STOCK-BASED COMPENSATION (Tables)	3 Months Ended
STOCK-BASED COMPENSATION (Tables)	Sep. 30, 2014
STOCK-BASED COMPENSATION	'
Schedule of stock-based compensation expense and related income tax benefits	'


		Three Months Ended
		September 30
	(In millions)	2014			2013

	Compensation expense	$	62.1		$	56.3
	Income tax benefit	20.4			18.3


Summary of stock option programs and changes	'


	(Shares in thousands)	Shares		Weighted-			Aggregate		Weighted-
				Average			Intrinsic		Average
				Exercise			Value (1)		Contractual Life
				Price Per			(in millions)		Remaining in
				Share					Years

	Outstanding at June 30, 2014	14,127.80		$	41.51
	Granted at fair value	2,122.20		76.23
	Exercised	(390.1	)	32.46
	Expired	(1.8	)	33.61
	Forfeited	(30.9	)	61.37
	Outstanding at September 30, 2014	15,827.20		46.35			$	452.3	6.8

	Vested and expected to vest at September 30, 2014	15,637.10		46.07			$	451.1	6.7

	Exercisable at September 30, 2014	9,046.00		32.05			$	386	5.4



	(1) The intrinsic value of a stock option is the amount by which the market value of the underlying stock exceeds the exercise price of the option.
Summary of the per-share weighted-average grant date fair value of stock options granted and total intrinsic value of stock options exercised	'


		Three Months Ended
		September 30
	(In millions, except per share data)	2014			2013

	Per-share weighted-average grant date fair value of stock options granted	$	22.43		$	23.03

	Intrinsic value of stock options exercised	$	16.8		$	10.8

Schedule of fair value option pricing assumptions	'


		Three Months Ended
		September 30
		2014		2013

	Weighted-average expected stock-price volatility	28%		33%
	Weighted-average expected option life	7 years		7 years
	Average risk-free interest rate	2.20%		2.50%
	Average dividend yield	1.10%		1.10%

Summary of the status of Performance Share Units, (PSUs) and activity	'


				Weighted-Average
				Grant Date
	(Shares in thousands)	Shares		Fair Value Per Share

	Nonvested at June 30, 2014	538.6		$	63.53
	Granted	261.7		76.23
	Vested	—		—
	Forfeited	—		—
	Nonvested at September 30, 2014	800.3		67.68


Summary of the status of Restricted Stock Units (RSUs) and activity	'


				Weighted-Average
				Grant Date
	(Shares in thousands)	Shares		Fair Value Per Share

	Nonvested at June 30, 2014	2,222.10		$	62.21
	Granted	1,394.20		76.23
	Vested	—		—
	Forfeited	(19.6	)	64.05
	Nonvested at September 30, 2014	3,596.70		67.64


Summary of the status of share units and activity under the Non-Employee Director Share Incentive Plan	'


				Weighted-Average
				Grant Date
	(Shares in thousands)	Shares		Fair Value Per Share

	Outstanding at June 30, 2014	98.8		$	37.67
	Granted	—		—
	Dividend equivalents	0.3		74.43
	Converted	—		—
	Outstanding at September 30, 2014	99.1		37.77

NET_EARNINGS_ATTRIBUTABLE_TO_T1

NET EARNINGS ATTRIBUTABLE TO THE ESTEE LAUDER COMPANIES INC. PER COMMON SHARE (Tables)	3 Months Ended
	Sep. 30, 2014
NET EARNINGS ATTRIBUTABLE TO THE ESTEE LAUDER COMPANIES INC. PER COMMON SHARE	'
Schedule of reconciliation between the numerators and denominators of the basic and diluted EPS computations	'


		Three Months Ended
		September 30
	(In millions, except per share data)	2014		2013

	Numerator:
	Net earnings attributable to The Estée Lauder Companies Inc.	$	228.1	$	300.7

	Denominator:
	Weighted-average common shares outstanding — Basic	381.8		387.8
	Effect of dilutive stock options	4.8		5.1
	Effect of RSUs	1.6		1.6
	Effect of PSUs based on TSR	—		0.1
	Effect of MSU	—		0.3
	Weighted-average common shares outstanding — Diluted	388.2		394.9

	Net earnings attributable to The Estée Lauder Companies Inc. per common share:
	Basic	$	0.6	$	0.78
	Diluted	0.59		0.76

EQUITY_Tables

EQUITY (Tables)	3 Months Ended
EQUITY (Tables)	Sep. 30, 2014
EQUITY	'
Schedule of equity	'


		Total Stockholders’ Equity — The Estée Lauder Companies Inc.																		Non-
	(In millions)	Common			Paid-in			Retained			AOCI			Treasury			Total			controlling			Total
	(In millions)	Stock			Capital			Earnings			AOCI			Stock			Total			Interests			Equity

	Balance at June 30, 2014	$	5.6		$	2,562.70		$	6,265.80		$	(100.3	)	$	(4,878.9	)	$	3,854.90		$	14.5		$	3,869.40
	Net earnings	—			—			228.1			—			—			228.1			1.1			229.2
	Common stock dividends	—			—			(76.5		)	—			—			(76.5		)	—			(76.5		)
	Other comprehensive income (loss)	—			—			—			(103.8		)	—			(103.8		)	(1.6		)	(105.4		)
	Acquisition of treasury stock	—			—			—			—			(179.8		)	(179.8		)	—			(179.8		)
	Stock-based compensation	—			84.3			—			—			(27.0		)	57.3			—			57.3
	Balance at September 30, 2014	$	5.6		$	2,647.00		$	6,417.40		$	(204.1	)	$	(5,085.7	)	$	3,780.20		$	14		$	3,794.20

Summary of quarterly cash dividends declared per share on the Company's Class A and Class B Common Stock	'


	Date Declared	Record Date		Payable Date		Amount per Share

	August 14, 2014	August 29, 2014		September 15, 2014		$	0.2


Schedule of changes in AOCI, net of tax by component	'


	(In millions)	Net			Net			Amounts			Translation			Total
		Unrealized			Derivative			Included in			Adjustments
		Investment			Instrument			Net Periodic
		Gain (Loss)			Gain (Loss)			Benefit Cost
	Balance at June 30, 2014	$	1.4		$	(0.9	)	$	(233.0	)	$	132.2		$	(100.3	)
	OCI before reclassifications	—			21.7			6.4		-1	(136.7		)	(108.6		)
	Amounts reclassified from AOCI	—			0.1			4.7			—			4.8
	Net current-period OCI	—			21.8			11.1			(136.7		)	(103.8		)
	Balance at September 30, 2014	$	1.4		$	20.9		$	(221.9	)	$	(4.5	)	$	(204.1	)


	(1) Includes foreign currency translation gains of $8.4 million.
Schedule of effects of reclassification adjustments from AOCI into net earnings	'


		Amount Reclassified from AOCI
		Three Months Ended						Affected Line Item in Consolidated
		September 30						Affected Line Item in Consolidated
	(In millions)	2014			2013			Statement of Earnings

	Gain (Loss) on Cash-Flow Hedges
	Foreign currency forward contracts	$	(0.4	)	$	1.4		Cost of sales
	Foreign currency forward contracts	0.2			2.4			Selling, general and administrative
		(0.2		)	3.8			Earnings before income taxes
	Benefit (provision) for deferred taxes	—			(1.4		)	Provision for income taxes
		$	(0.2	)	$	2.4		Net earnings
	Gain (Loss) on Fair-Value Hedges
	Settled interest rate-related derivatives	$	0.1		$	0.1		Interest expense, net
	Benefit (provision) for deferred taxes	—			—			Provision for income taxes
		$	0.1		$	0.1		Net earnings
	Amounts Included in Net Periodic Benefit Cost
	Amortization of prior service cost	$	(0.9	)	$	(1.1	)	-1
	Amortization of actuarial loss	(5.7		)	(4.3		)	-1
		(6.6		)	(5.4		)	Earnings before income taxes
	Benefit (provision) for deferred taxes	1.9			1.6			Provision for income taxes
		$	(4.7	)	$	(3.8	)	Net earnings
	Total reclassification adjustments, net	$	(4.8	)	$	(1.3	)	Net earnings


	(1) See Note 5 — Pension and Post-Retirement Benefit Plans for additional information.

STATEMENT_OF_CASH_FLOWS_Tables

STATEMENT OF CASH FLOWS (Tables)	3 Months Ended
STATEMENT OF CASH FLOWS (Tables)	Sep. 30, 2014
STATEMENT OF CASH FLOWS	'
Supplemental cash flow information	'
	Supplemental cash flow information for the three months ended September 30, 2014 and 2013 is as follows:

	(In millions)	2014			2013

	Cash:
	Cash paid during the period for interest	$	8.4		$	8.7
	Cash paid during the period for income taxes	$	68.3		$	50.8

	Non-cash investing and financing activities:
	Incremental tax benefit from the exercise of stock options	$	(1.5	)	$	(0.8	)
	Capital lease obligations incurred	$	1.7		$	1.7

SEGMENT_DATA_AND_RELATED_INFOR1

SEGMENT DATA AND RELATED INFORMATION (Tables)	3 Months Ended
SEGMENT DATA AND RELATED INFORMATION (Tables)	Sep. 30, 2014
SEGMENT DATA AND RELATED INFORMATION	'
Schedule of segment data and related information	'


		Three Months Ended
		September 30
	(In millions)	2014			2013

	PRODUCT CATEGORY DATA
	Net Sales:
	Skin Care	$	1,091.40		$	1,171.00
	Makeup	1,021.30			1,001.00
	Fragrance	377.4			367.4
	Hair Care	128.1			124.8
	Other	12.8			10.8
	Net Sales	$	2,631.00		$	2,675.00
	Operating Income (Loss) before total charges associated with restructuring activities:
	Skin Care	$	176.4		$	241.6
	Makeup	125.9			166.3
	Fragrance	39			36.9
	Hair Care	8.8			8.4
	Other	(2.1		)	(2.5		)
		348			450.7

	Reconciliation:
	Total charges associated with restructuring activities	—			(1.2		)
	Interest expense, net	(13.2		)	(13.5		)
	Earnings before income taxes	$	334.8		$	436

	GEOGRAPHIC DATA
	Net Sales:
	The Americas	$	1,114.80		$	1,202.40
	Europe, the Middle East & Africa	942.2			891.2
	Asia/Pacific	574			581.4
	Net Sales	$	2,631.00		$	2,675.00
	Operating Income (Loss):
	The Americas	$	57.4		$	156
	Europe, the Middle East & Africa	169.9			180.8
	Asia/Pacific	120.7			113.9
		348			450.7
	Total charges associated with restructuring activities	—			(1.2		)
	Operating Income	$	348		$	449.5

SUMMARY_OF_SIGNIFICANT_ACCOUNT3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) (USD $)	3 Months Ended				3 Months Ended			12 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Jun. 30, 2014	Oct. 31, 2014	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Jun. 30, 2014
				Subsequent Event	Net Sales	Net Sales	Accounts Receivable	Accounts Receivable
					Largest Customer	Largest Customer	Largest Customer	Largest Customer
Currency Translation and Transactions	'	'	'	'	'	'	'	'
Unrealized translation gains (losses), net of tax	($136.70)	$72.50	'	'	'	'	'	'
Net exchange gains (losses) on foreign currency transactions	-9.9	0.1	'	'	'	'	'	'
Accounts Receivable	'	'	'	'	'	'	'	'
Allowance for doubtful accounts and customer deductions	23.5	'	23.9	'	'	'	'	'
Significant accounting policies	'	'	'	'	'	'	'	'
Net Sales	2,631	2,675	'	'	292.8	341.6	'	'
Accounts receivable, net	1,502.10	'	1,379.30	'	'	'	229.7	158.5
Concentration of credit risk (as a percent)	'	'	'	'	11.00%	13.00%	15.00%	11.00%
Cash and Cash Equivalents	'	'	'	'	'	'	'	'
Short and long-term investments	'	'	'	500	'	'	'	'
Inventory and Promotional Merchandise	'	'	'	'	'	'	'	'
Raw materials	275.2	'	317.5	'	'	'	'	'
Work in process	140.3	'	192.4	'	'	'	'	'
Finished goods	647.7	'	599.5	'	'	'	'	'
Promotional merchandise	193.8	'	184.6	'	'	'	'	'
Inventory and promotional merchandise, net	$1,257	'	$1,294	'	'	'	'	'

SUMMARY_OF_SIGNIFICANT_ACCOUNT4

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 2) (USD $)	3 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Jun. 30, 2014
Property, Plant and Equipment	'	'	'
Property, Plant and Equipment	$3,490.80	'	$3,529.90
Accumulated depreciation and amortization	2,046.50	'	2,027.30
Property, Plant and Equipment, net	1,444.30	'	1,502.60
Cost of assets related to projects in progress	136	'	229.9
Depreciation and amortization of property, plant and equipment	98.9	87.1	'
Land	'	'	'
Property, Plant and Equipment	'	'	'
Property, Plant and Equipment	15.2	'	15.4
Buildings and improvements	'	'	'
Property, Plant and Equipment	'	'	'
Property, Plant and Equipment	199.5	'	205
Buildings and improvements \| Minimum	'	'	'
Property, Plant and Equipment	'	'	'
Property, Plant and Equipment, Useful Life	'10 years	'	'
Buildings and improvements \| Maximum	'	'	'
Property, Plant and Equipment	'	'	'
Property, Plant and Equipment, Useful Life	'40 years	'	'
Machinery and equipment	'	'	'
Property, Plant and Equipment	'	'	'
Property, Plant and Equipment	667	'	673.9
Machinery and equipment \| Minimum	'	'	'
Property, Plant and Equipment	'	'	'
Property, Plant and Equipment, Useful Life	'3 years	'	'
Machinery and equipment \| Maximum	'	'	'
Property, Plant and Equipment	'	'	'
Property, Plant and Equipment, Useful Life	'10 years	'	'
Computer hardware and software	'	'	'
Property, Plant and Equipment	'	'	'
Property, Plant and Equipment	996.1	'	994.8
Computer hardware and software \| Minimum	'	'	'
Property, Plant and Equipment	'	'	'
Property, Plant and Equipment, Useful Life	'4 years	'	'
Computer hardware and software \| Maximum	'	'	'
Property, Plant and Equipment	'	'	'
Property, Plant and Equipment, Useful Life	'10 years	'	'
Furniture and fixtures	'	'	'
Property, Plant and Equipment	'	'	'
Property, Plant and Equipment	71.7	'	75.1
Furniture and fixtures \| Minimum	'	'	'
Property, Plant and Equipment	'	'	'
Property, Plant and Equipment, Useful Life	'5 years	'	'
Furniture and fixtures \| Maximum	'	'	'
Property, Plant and Equipment	'	'	'
Property, Plant and Equipment, Useful Life	'10 years	'	'
Leasehold improvements	'	'	'
Property, Plant and Equipment	'	'	'
Property, Plant and Equipment	$1,541.30	'	$1,565.70

SUMMARY_OF_SIGNIFICANT_ACCOUNT5

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 3) (USD $)	3 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Jun. 30, 2014
Other Accrued Liabilities	'	'	'
Advertising, merchandising and sampling	$326.20	'	$301.70
Employee compensation	311.8	'	468.2
Payroll and other taxes	182.7	'	161.2
Accrued income taxes	147.9	'	113.6
Other	443	'	469.1
Total	1,411.60	'	1,513.80
Income Taxes	'	'	'
Effective tax rate (as a percent)	31.50%	30.80%	'
Gross unrecognized tax benefits	58.5	'	58.1
Total amount of unrecognized tax benefits that, if recognized, would affect the effective tax rate	41.2	'	'
Total gross interest and penalty benefit	1	'	'
Gross accrued interest and penalties related to unrecognized tax benefits	13.1	'	12.5
Current net deferred tax assets	282.3	'	295.1
Noncurrent net deferred tax assets	$89	'	$85.50

GOODWILL_AND_OTHER_INTANGIBLE_2

GOODWILL AND OTHER INTANGIBLE ASSETS (Details) (USD $)	3 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2014	Jun. 30, 2014
Goodwill by reporting unit	'	'
Goodwill, gross	$964.30	$966.70
Accumulated impairments	-70.4	-73.5
Changes in goodwill	'	'
Goodwill at the beginning of the period	893.2	'
Goodwill acquired during the period	2.7	'
Translation adjustments	-2	'
Goodwill, Period Increase (Decrease)	0.7	'
Goodwill at the end of the period	893.9	'
Skin Care	'	'
Goodwill by reporting unit	'	'
Goodwill, gross	66.9	68.9
Accumulated impairments	-31.8	-33.6
Changes in goodwill	'	'
Goodwill at the beginning of the period	35.3	'
Translation adjustments	-0.2	'
Goodwill, Period Increase (Decrease)	-0.2	'
Goodwill at the end of the period	35.1	'
Makeup	'	'
Goodwill by reporting unit	'	'
Goodwill, gross	443.2	440.7
Changes in goodwill	'	'
Goodwill at the beginning of the period	440.7	'
Goodwill acquired during the period	2.7	'
Translation adjustments	-0.2	'
Goodwill, Period Increase (Decrease)	2.5	'
Goodwill at the end of the period	443.2	'
Fragrance	'	'
Goodwill by reporting unit	'	'
Goodwill, gross	54.7	54.8
Changes in goodwill	'	'
Goodwill at the beginning of the period	54.8	'
Translation adjustments	-0.1	'
Goodwill, Period Increase (Decrease)	-0.1	'
Goodwill at the end of the period	54.7	'
Hair Care	'	'
Goodwill by reporting unit	'	'
Goodwill, gross	399.5	402.3
Accumulated impairments	-38.6	-39.9
Changes in goodwill	'	'
Goodwill at the beginning of the period	362.4	'
Translation adjustments	-1.5	'
Goodwill, Period Increase (Decrease)	-1.5	'
Goodwill at the end of the period	$360.90	'

GOODWILL_AND_OTHER_INTANGIBLE_3

GOODWILL AND OTHER INTANGIBLE ASSETS (Details 2) (USD $)	3 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Jun. 30, 2014
Amortizable intangible assets:	'	'	'
Gross Carrying Value	$310.60	'	$311.30
Accumulated Amortization	262.3	'	259.7
Total Net Book Value	48.3	'	51.6
Aggregate amortization expense for amortizable intangible assets	3	3.2	'
Non-amortizable intangible assets:	'	'	'
Trademarks and other	105.7	'	105.7
Total intangible assets	154	'	157.3
Estimated aggregate amortization expense	'	'	'
Estimated aggregate amortization expense for remainder of fiscal year 2015	9	'	'
Estimated aggregate amortization expense for fiscal year 2016	11.9	'	'
Estimated aggregate amortization expense for fiscal year 2017	9.9	'	'
Estimated aggregate amortization expense for fiscal year 2018	8.4	'	'
Estimated aggregate amortization expense for fiscal year 2019	7.5	'	'
Customer lists and other	'	'	'
Amortizable intangible assets:	'	'	'
Gross Carrying Value	267.6	'	268.3
Accumulated Amortization	219.3	'	216.7
Total Net Book Value	48.3	'	51.6
License agreements	'	'	'
Amortizable intangible assets:	'	'	'
Gross Carrying Value	43	'	43
Accumulated Amortization	$43	'	$43

DERIVATIVE_FINANCIAL_INSTRUMEN2

DERIVATIVE FINANCIAL INSTRUMENTS (Details) (USD $)	Sep. 30, 2014	Jun. 30, 2014
In Millions, unless otherwise specified	Sep. 30, 2014	Jun. 30, 2014
Derivatives, Fair Value	'	'
Total Derivative asset, fair value	$25.80	$4.20
Total Derivative liability, fair value	10.8	19.1
Derivatives designated as hedging instruments \| Foreign currency forward contracts \| Prepaid expenses and other current assets	'	'
Derivatives, Fair Value	'	'
Derivative asset, fair value	23.6	3.4
Derivatives designated as hedging instruments \| Foreign currency forward contracts \| Other accrued liabilities	'	'
Derivatives, Fair Value	'	'
Derivative liability, fair value	5.9	18.2
Derivatives not designated as hedging instruments \| Foreign currency forward contracts \| Prepaid expenses and other current assets	'	'
Derivatives, Fair Value	'	'
Derivative asset, fair value	2.2	0.8
Derivatives not designated as hedging instruments \| Foreign currency forward contracts \| Other accrued liabilities	'	'
Derivatives, Fair Value	'	'
Derivative liability, fair value	$4.90	$0.90

DERIVATIVE_FINANCIAL_INSTRUMEN3

DERIVATIVE FINANCIAL INSTRUMENTS (Details 2) (USD $)	3 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013
Foreign currency forward contracts \| Selling, general and administrative \| Derivatives not designated as hedging instruments	'	'
Gain (loss) on derivative financial instruments	'	'
Amount of Gain or (Loss) Recognized in Earnings on Derivatives	($2.70)	$3
Derivatives in cash flow hedging relationships	'	'
Gain (loss) on derivative financial instruments	'	'
Amount of Gain or (Loss) Recognized in OCI on Derivatives (Effective Portion)	33.7	-13.6
Amount of Gain or (Loss) Reclassified from AOCI into Earnings (Effective Portion)	-0.2	3.8
Gain (loss) recognized in earnings related to the amount excluded from effectiveness testing	-1.4	0.1
Gain (loss) recognized in earnings related to the ineffective portion of the hedging relationships	0	0.5
Derivatives in cash flow hedging relationships \| Foreign currency forward contracts	'	'
Gain (loss) on derivative financial instruments	'	'
Amount of Gain or (Loss) Recognized in OCI on Derivatives (Effective Portion)	33.7	-13.6
Derivatives in cash flow hedging relationships \| Foreign currency forward contracts \| Cost of sales	'	'
Gain (loss) on derivative financial instruments	'	'
Amount of Gain or (Loss) Reclassified from AOCI into Earnings (Effective Portion)	-0.4	1.4
Derivatives in cash flow hedging relationships \| Foreign currency forward contracts \| Selling, general and administrative	'	'
Gain (loss) on derivative financial instruments	'	'
Amount of Gain or (Loss) Reclassified from AOCI into Earnings (Effective Portion)	$0.20	$2.40

DERIVATIVE_FINANCIAL_INSTRUMEN4

DERIVATIVE FINANCIAL INSTRUMENTS (Details 3) (USD $)	Sep. 30, 2014	Jun. 30, 2014
In Millions, unless otherwise specified	Sep. 30, 2014	Jun. 30, 2014
Credit Risk	'	'
Minimum number of nationally recognized rating agencies	2	'
Credit-risk-related contingent features	'	'
Derivative contracts, number of counterparties	2	'
Credit-risk-related derivative contracts in net asset position, fair value	$10.10	'
Derivative	'	'
Credit Risk	'	'
Maximum exposure to credit risk in the event of nonperformance by counterparties, gross fair value of contracts in asset positions	25.8	'
Foreign currency forward contracts	'	'
Foreign Currency Cash-Flow Hedges	'	'
Amount expected to be reclassified from AOCI into earnings, net of tax, within the next twelve months	9.4	'
Foreign currency forward contracts \| Accumulated other comprehensive income (loss) from foreign currency cash-flow hedges	'	'
Foreign Currency Cash-Flow Hedges	'	'
Accumulated gain or (loss) on foreign currency cash-flow hedges in AOCI, before tax	21.4	-12.5
Foreign currency forward contracts \| Derivatives in cash flow hedging relationships	'	'
Foreign Currency Cash-Flow Hedges	'	'
Notional amount of foreign currency forward contracts	1,786.60	'
Euro \| Foreign currency forward contracts \| Derivatives in cash flow hedging relationships	'	'
Foreign Currency Cash-Flow Hedges	'	'
Notional amount of foreign currency forward contracts	322.2	'
British pound \| Foreign currency forward contracts \| Derivatives in cash flow hedging relationships	'	'
Foreign Currency Cash-Flow Hedges	'	'
Notional amount of foreign currency forward contracts	306.6	'
Swiss franc \| Foreign currency forward contracts \| Derivatives in cash flow hedging relationships	'	'
Foreign Currency Cash-Flow Hedges	'	'
Notional amount of foreign currency forward contracts	200.5	'
Canadian dollar \| Foreign currency forward contracts \| Derivatives in cash flow hedging relationships	'	'
Foreign Currency Cash-Flow Hedges	'	'
Notional amount of foreign currency forward contracts	170.3	'
Hong Kong dollar \| Foreign currency forward contracts \| Derivatives in cash flow hedging relationships	'	'
Foreign Currency Cash-Flow Hedges	'	'
Notional amount of foreign currency forward contracts	142.4	'
Japanese yen \| Foreign currency forward contracts \| Derivatives in cash flow hedging relationships	'	'
Foreign Currency Cash-Flow Hedges	'	'
Notional amount of foreign currency forward contracts	118.7	'
Australian dollar \| Foreign currency forward contracts \| Derivatives in cash flow hedging relationships	'	'
Foreign Currency Cash-Flow Hedges	'	'
Notional amount of foreign currency forward contracts	$99.60	'

FAIR_VALUE_MEASUREMENTS_Detail

FAIR VALUE MEASUREMENTS (Details) (USD $)	Sep. 30, 2014	Jun. 30, 2014
In Millions, unless otherwise specified	Sep. 30, 2014	Jun. 30, 2014
Assets measured at fair value	'	'
Foreign currency forward contracts	$25.80	$4.20
Liabilities:	'	'
Foreign currency forward contracts	10.8	19.1
Fair Value	'	'
Assets measured at fair value	'	'
Available-for-sale securities	7.2	7.6
Recurring basis \| Fair Value	'	'
Assets measured at fair value	'	'
Foreign currency forward contracts	25.8	4.2
Available-for-sale securities	7.2	7.6
Assets measured at fair value	33	11.8
Liabilities:	'	'
Foreign currency forward contracts	10.8	19.1
Recurring basis \| Level 1	'	'
Assets measured at fair value	'	'
Available-for-sale securities	7.2	7.6
Assets measured at fair value	7.2	7.6
Recurring basis \| Level 2	'	'
Assets measured at fair value	'	'
Foreign currency forward contracts	25.8	4.2
Assets measured at fair value	25.8	4.2
Liabilities:	'	'
Foreign currency forward contracts	$10.80	$19.10

FAIR_VALUE_MEASUREMENTS_Detail1

FAIR VALUE MEASUREMENTS (Details 2) (USD $)

1 Months Ended

3 Months Ended

In Millions, unless otherwise specified

Aug. 31, 2014

Sep. 30, 2014

Jun. 30, 2014

Sep. 30, 2014

Jun. 30, 2014

Sep. 30, 2014

Jun. 30, 2014

Sep. 30, 2014

Jun. 30, 2014

LIBOR

Swap yield curve

Carrying Value

Fair Value

Foreign currency forward contracts

Estimated fair values of financial instruments

Implied market rate applied to fair value of the receivable related to sale of assets (as a percent)

6.10%

Remaining principal amount received on notes receivable

$8.40

Nonderivatives

Cash and cash equivalents

1,395.40

1,629.10

1,395.40

1,629.10

Available-for-sale securities

7.2

7.6

7.2

7.6

Note receivable

8.4

8.5

Current and long-term debt

1,333

1,343.10

1,425.90

1,428.30

Derivatives

Foreign currency forward contracts, net - asset (liability)

$15

($14.90)

$15

($14.90)

Contract maturities, maximum

'12 months

Contract maturities greater than

'12 months

PENSION_AND_POSTRETIREMENT_BEN2

PENSION AND POST-RETIREMENT BENEFIT PLANS (Details) (USD $)	Sep. 30, 2014	Jun. 30, 2014	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
In Millions, unless otherwise specified	Sep. 30, 2014	Jun. 30, 2014	Pension Plans U.S.	Pension Plans U.S.	Pension Plans International	Pension Plans International	Post-retirement benefit other than pension plans	Post-retirement benefit other than pension plans
Components of net periodic benefit cost:	'	'	'	'	'	'	'	'
Service cost	'	'	$7.90	$7.90	$6.40	$6.10	$0.90	$0.90
Interest cost	'	'	7.6	7.7	4.6	4.6	1.9	2
Expected return on plan assets	'	'	-12.5	-11.7	-5.7	-5	-0.6	-0.5
Amortization of:	'	'	'	'	'	'	'	'
Prior service cost	'	'	0.1	0.2	0.6	0.7	0.2	0.2
Actuarial loss	'	'	2.5	1.9	2.8	2.2	0.4	0.2
Net periodic benefit cost	'	'	5.6	6	8.7	8.6	2.8	2.8
Employer contributions	'	'	'	'	3	'	'	'
Amounts recognized in the consolidated balance sheets related to the entity's pension and post-retirement benefit plans consist of	'	'	'	'	'	'	'	'
Other assets	131.8	135.2	'	'	'	'	'	'
Other accrued liabilities	-26.9	-26.9	'	'	'	'	'	'
Other noncurrent liabilities	-375.1	-380.5	'	'	'	'	'	'
Funded status	-270.2	-272.2	'	'	'	'	'	'
Accumulated other comprehensive loss	323.2	338.2	'	'	'	'	'	'
Net amount recognized	$53	$66	'	'	'	'	'	'

CONTINGENCIES_Details

CONTINGENCIES (Details) (Darphin brand litigation)	0 Months Ended			1 Months Ended			3 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2014	Dec. 23, 2011	Oct. 31, 2014	Sep. 30, 2014	Jan. 31, 2012	Jun. 30, 2007
	USD ($)	USD ($)	EUR (€)	EUR (€)	EUR (€)	EUR (€)	EUR (€)
		subsidiary			subsidiary
Legal Proceedings	'	'	'	'	'	'	'
Number of subsidiaries included in litigation	'	1	'	'	1	'	'
Claim amount of litigation initiated	'	$75.80	'	'	'	'	€ 60
Amount of award	9.3	28.9	22.9	'	7.4	'	'
Payment of award to former owner	'	31.9	'	'	'	25.3	'
Amount of award received from former owner	$21.30	'	'	€ 16.80	'	'	'

STOCKBASED_COMPENSATION_Detail

STOCK-BASED COMPENSATION (Details) (USD $)	3 Months Ended
In Millions, except Share data, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013
Share-based Compensation Arrangement by Share-based Payment Award	'	'
Compensation expense	$62.10	$56.30
Income tax benefit	20.4	18.3
Total unrecognized compensation cost related to unvested stock-based awards	207.5	'
Weighted-average period over which compensation cost related to nonvested stock-based awards is expected to be recognized	'2 years	'
Common Class A	'	'
Share-based Compensation Arrangement by Share-based Payment Award	'	'
Number of Class A Common Stock shares reserved and available to be granted pursuant to equity compensation plans	11,049,200	'
Stock options	'	'
Shares	'	'
Outstanding at the beginning of the year (in shares)	14,127,800	'
Granted at fair value (in shares)	2,122,200	'
Exercised (in shares)	-390,100	'
Expired (in shares)	-1,800	'
Forfeited (in shares)	-30,900	'
Outstanding at the end of the period (in shares)	15,827,200	'
Vested and expected to vest (in shares)	15,637,100	'
Exercisable (in shares)	9,046,000	'
Weighted-Average Exercise Price Per Share	'	'
Outstanding at the beginning of the year (in dollars per share)	$41.51	'
Granted at fair value (in dollars per share)	$76.23	'
Exercised (in dollars per share)	$32.46	'
Expired (in dollars per share)	$33.61	'
Forfeited (in dollars per share)	$61.37	'
Outstanding at the end of the period (in dollars per share)	$46.35	'
Vested and expected to vest Weighted-Average Exercise Price (in dollars per share)	$46.07	'
Exercisable Weighted-Average Exercise Price (in dollars per share)	$32.05	'
Additional General Disclosures	'	'
Outstanding Aggregate Intrinsic Value (in dollars)	452.3	'
Weighted-Average Contractual Life Remaining	'6 years 9 months 18 days	'
Vested and expected to vest Aggregate Intrinsic Value (in dollars)	451.1	'
Vested and expected to vest Exercisable Weighted-Average Contractual Life Remaining	'6 years 8 months 12 days	'
Exercisable Aggregate Intrinsic Value (in dollars)	386	'
Exercisable Weighted-Average Contractual Life Remaining	'5 years 4 months 24 days	'
Per-share weighted-average grant date fair value of stock options granted (in dollars per share)	$22.43	$23.03
Intrinsic value of stock options exercised (in dollars)	$16.80	$10.80
Fair Value Of Option Grants, Assumptions and Methodology	'	'
Method used for estimating fair value of option grant	'Black-Scholes	'
Weighted-average expected stock-price volatility (as a percent)	28.00%	33.00%
Weighted-average expected option life	'7 years	'7 years
Average risk-free interest rate (as a percent)	2.20%	2.50%
Average dividend yield (as a percent)	1.10%	1.10%

STOCKBASED_COMPENSATION_Detail1

STOCK-BASED COMPENSATION (Details 2) (USD $)

0 Months Ended

3 Months Ended

12 Months Ended

3 Months Ended

0 Months Ended

12 Months Ended

3 Months Ended

In Millions, except Share data, unless otherwise specified

Jun. 30, 2014

Sep. 30, 2014

Jun. 30, 2013

Sep. 30, 2014

Jun. 30, 2014

Sep. 30, 2014

Sep. 30, 2013

Performance Share Units

Restricted Stock Units

Performance share units based on total stockholder return

Market Share Unit

Share Units

Cash Units

Common Class A

RSU grants scheduled to vest in fiscal 2016

RSU grants scheduled to vest in fiscal 2017

RSU grants scheduled to vest in fiscal 2018

Performance share units based on total stockholders return vesting (contractual term 33 months)

Performance share units based on total stockholders return vesting (contractual term 45 months)

Performance share units based on total stockholders return vesting (contractual term 57 months)

Common Class A

Minimum

Common Class A

Executive

Maximum

Executive

Share-based Compensation Arrangement by Share-based Payment Award

Target payout for performance share units in Class A Common Stock (in shares)

162,760

260,416

320,000

Vesting period

'3 years

Common Stock issued (in shares)

377,300

Number of trading days on exchange for average closing stock price per share

'20 days

Average closing stock price per share

$75

Other Equity Compensation Plans

Nonvested at the beginning of the period (in shares)

538,600

2,222,100

Granted (in shares)

261,700

1,394,200

Forfeited (in shares)

-19,600

Nonvested at the end of the period (in shares)

800,300

3,596,700

RSU grants scheduled to vest (in shares)

495,100

511,800

387,300

Vested (in shares)

259,700

Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted-Average Grant Date Fair Value

Nonvested at the beginning of the period (in dollars per share)

$63.53

$62.21

Granted (in dollars per share)

$76.23

Forfeited (in dollars per share)

$64.05

Nonvested at the end of the period (in dollars per share)

$67.68

$67.64

Grant date fair value (in USD)

$11

$10.60

Weighted-average expected option life

'33 months

'45 months

'57 months

Number of shares outstanding

Method used for estimating grant date fair value

'lattice model with a Monte Carlo

Contractual life

'41 months

Weighted-average risk-free interest rate (as a percent)

0.30%

0.50%

0.70%

1.60%

Dividend yield (as a percent)

1.00%

Weighted-average expected volatility (as a percent)

32.00%

29.00%

Non-Employee Director Plans

Outstanding at the beginning of the period (in shares)

98,800

Dividend equivalents (in shares)

300

Outstanding at the end of the period (in shares)

99,100

Weighted-Average Grant Date Fair Value Per Share

Outstanding at the beginning of the period (in dollars per share)

$37.67

Dividend equivalents (in dollars per share)

$74.43

Outstanding at the end of the period (in dollars per share)

$37.77

Non-employee Director Deferred Cash Compensation, Cash Payout Shares

Deferred compensation expense to reflect additional deferrals and change in market value (in dollars)

$0.20

NET_EARNINGS_ATTRIBUTABLE_TO_T2

NET EARNINGS ATTRIBUTABLE TO THE ESTEE LAUDER COMPANIES INC. PER COMMON SHARE (Details) (USD $)	3 Months Ended
In Millions, except Per Share data, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013
Numerator:	'	'
Net earnings attributable to The Estee Lauder Companies Inc. (in dollars)	$228.10	$300.70
Denominator:	'	'
Weighted-average common shares outstanding - Basic	381.8	387.8
Weighted-average common shares outstanding - Diluted	388.2	394.9
Net earnings attributable to The Estee Lauder Companies Inc. per common share:	'	'
Basic (in dollars per share)	$0.60	$0.78
Diluted (in dollars per share)	$0.59	$0.76
Stock options	'	'
Denominator:	'	'
Incremental common shares attributable to share-based payment arrangements	4.8	5.1
RSUs	'	'
Denominator:	'	'
Incremental common shares attributable to share-based payment arrangements	1.6	1.6
Effect of PSUs based on TSR	'	'
Denominator:	'	'
Incremental common shares attributable to share-based payment arrangements	'	0.1
MSU	'	'
Denominator:	'	'
Incremental common shares attributable to share-based payment arrangements	'	0.3

NET_EARNINGS_ATTRIBUTABLE_TO_T3

NET EARNINGS ATTRIBUTABLE TO THE ESTEE LAUDER COMPANIES INC. PER COMMON SHARE (Details 2)	3 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013
Stock options	'	'
Antidilutive Securities Excluded from Computation of Earnings, Per Share	'	'
Antidilutive shares excluded from the calculation of diluted earnings per share	2.1	1.9
Contingently Issuable Shares	'	'
Antidilutive Securities Excluded from Computation of Earnings, Per Share	'	'
Antidilutive shares excluded from the calculation of diluted earnings per share	0.8	0.8

EQUITY_Details

EQUITY (Details) (USD $)	3 Months Ended					3 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2014	Jun. 30, 2014	Sep. 30, 2014	Sep. 30, 2014	Sep. 30, 2014	Sep. 30, 2014	Sep. 30, 2014
	Sep. 30, 2014	Sep. 30, 2013	Total stockholders' equity - The Estee Lauder Companies Inc.	Common stock	Common stock	Paid-in capital	Retained earnings	Accumulated other comprehensive income (loss)	Treasury stock	Noncontrolling interests
Increase (Decrease) in Stockholders' Equity	'	'	'	'	'	'	'	'	'	'
Balance at the beginning of the period	$3,869.40	'	$3,854.90	$5.60	$5.60	$2,562.70	$6,265.80	($100.30)	($4,878.90)	$14.50
Net earnings	229.2	301.8	228.1	'	'	'	228.1	'	'	1.1
Common stock dividends	-76.5	'	-76.5	'	'	'	-76.5	'	'	'
Other comprehensive income (loss)	-105.4	61.8	-103.8	'	'	'	'	-103.8	'	-1.6
Acquisition of treasury stock	-179.8	'	-179.8	'	'	'	'	'	-179.8	'
Stock-based compensation	57.3	'	57.3	'	'	84.3	'	'	-27	'
Balance at the end of the period	$3,794.20	'	$3,780.20	$5.60	$5.60	$2,647	$6,417.40	($204.10)	($5,085.70)	$14

EQUITY_Details_2

EQUITY (Details 2) (USD $)

3 Months Ended

0 Months Ended

3 Months Ended

0 Months Ended

1 Months Ended

0 Months Ended

3 Months Ended

0 Months Ended

In Millions, except Per Share data, unless otherwise specified

Sep. 30, 2014

Sep. 30, 2013

Sep. 15, 2014

Aug. 14, 2014

Sep. 30, 2014

Nov. 03, 2014

Oct. 28, 2014

Dec. 15, 2014

Sep. 15, 2014

Aug. 14, 2014

Sep. 30, 2014

Nov. 03, 2014

Dec. 15, 2014

Common Class A

Common Class B

Subsequent Event

Forecast

Class of Stock

Cash dividends declared per common share (in dollars per share)

$0.20

$0.18

$0.20

$0.24

$0.20

$0.24

Dividends paid (in dollars per share)

$0.20

$0.24

$0.20

$0.24

Purchase of Class A Common Stock (in shares)

2.7

1.6

Purchase of Class A Common Stock (in dollars)

$179.80

$207

$120

Class B common stock converted into shares of Class A common stock (in shares)

0.5

EQUITY_Details_3

EQUITY (Details 3) (USD $)	3 Months Ended			3 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2014	Jun. 30, 2014	Sep. 30, 2014	Sep. 30, 2014	Sep. 30, 2014
	Sep. 30, 2014	Net Unrealized Investment Gain (Loss)	Net Unrealized Investment Gain (Loss)	Net Derivative Instrument Gain (Loss)	Amounts Included in Net Periodic Benefit Cost	Translation Adjustments
Changes in AOCI, net of tax by component	'	'	'	'	'	'
Balance at the beginning of the period	($100.30)	$1.40	$1.40	($0.90)	($233)	$132.20
OCI before reclassifications	-108.6	'	'	21.7	6.4	-136.7
Amounts reclassified from AOCI	4.8	'	'	0.1	4.7	'
Net current-period OCI	-103.8	'	'	21.8	11.1	-136.7
Balance at the end of the period	-204.1	1.4	1.4	20.9	-221.9	-4.5
Foreign currency translation gains	'	'	'	'	$8.40	'

EQUITY_Details_4

EQUITY (Details 4) (USD $)	3 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013
Reclassification adjustments from accumulated other comprehensive income	'	'
Cost of sales	($536.60)	($544.10)
Selling, general and administrative	-1,746.40	-1,680.20
Interest expense, net	-13.2	-13.5
Earnings before Income Taxes	334.8	436
Benefit (provision) for deferred taxes	-105.6	-134.2
Net Earnings	229.2	301.8
Amount Reclassified from AOCI	'	'
Reclassification adjustments from accumulated other comprehensive income	'	'
Net Earnings	-4.8	-1.3
Accumulated other comprehensive income (loss) from foreign currency cash-flow hedges \| Amount Reclassified from AOCI	'	'
Reclassification adjustments from accumulated other comprehensive income	'	'
Earnings before Income Taxes	-0.2	3.8
Benefit (provision) for deferred taxes	'	-1.4
Net Earnings	-0.2	2.4
Accumulated other comprehensive income (loss) from foreign currency cash-flow hedges \| Amount Reclassified from AOCI \| Foreign currency forward contracts	'	'
Reclassification adjustments from accumulated other comprehensive income	'	'
Cost of sales	-0.4	1.4
Selling, general and administrative	0.2	2.4
Gain (Loss) on Fair-Value Hedges \| Amount Reclassified from AOCI	'	'
Reclassification adjustments from accumulated other comprehensive income	'	'
Net Earnings	0.1	0.1
Gain (Loss) on Fair-Value Hedges \| Amount Reclassified from AOCI \| Settled interest rate-related derivatives	'	'
Reclassification adjustments from accumulated other comprehensive income	'	'
Interest expense, net	0.1	0.1
Net Periodic Benefit Cost \| Amount Reclassified from AOCI	'	'
Reclassification adjustments from accumulated other comprehensive income	'	'
Amortization of prior service cost	-0.9	-1.1
Amortization of actuarial loss	-5.7	-4.3
Earnings before Income Taxes	-6.6	-5.4
Benefit (provision) for deferred taxes	1.9	1.6
Net Earnings	($4.70)	($3.80)

STATEMENT_OF_CASH_FLOWS_Detail

STATEMENT OF CASH FLOWS (Details) (USD $)	3 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013
Cash:	'	'
Cash paid during the period for interest	$8.40	$8.70
Cash paid during the period for income taxes	68.3	50.8
Non-cash investing and financing activities:	'	'
Incremental tax benefit from the exercise of stock options	-1.5	-0.8
Capital lease obligations incurred	$1.70	$1.70

SEGMENT_DATA_AND_RELATED_INFOR2

SEGMENT DATA AND RELATED INFORMATION (Details) (USD $)	3 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013
	segment	Sep. 30, 2013
Segment Reporting Information	'	'
Number of operating segments	1	'
Net Sales:	'	'
Net Sales	$2,631	$2,675
Operating Income (Loss)	'	'
Operating Income (Loss) before total charges associated with restructuring activities:	348	450.7
Operating Income	348	449.5
Reconciliation:	'	'
Total charges associated with restructuring activities	'	-1.2
Interest expense, net	-13.2	-13.5
Earnings before Income Taxes	334.8	436
The Americas	'	'
Net Sales:	'	'
Net Sales	1,114.80	1,202.40
Operating Income (Loss)	'	'
Operating Income (Loss) before total charges associated with restructuring activities:	57.4	156
Europe, the Middle East and Africa	'	'
Net Sales:	'	'
Net Sales	942.2	891.2
Operating Income (Loss)	'	'
Operating Income (Loss) before total charges associated with restructuring activities:	169.9	180.8
Asia/Pacific	'	'
Net Sales:	'	'
Net Sales	574	581.4
Operating Income (Loss)	'	'
Operating Income (Loss) before total charges associated with restructuring activities:	120.7	113.9
Skin Care	'	'
Net Sales:	'	'
Net Sales	1,091.40	1,171
Operating Income (Loss)	'	'
Operating Income (Loss) before total charges associated with restructuring activities:	176.4	241.6
Makeup	'	'
Net Sales:	'	'
Net Sales	1,021.30	1,001
Operating Income (Loss)	'	'
Operating Income (Loss) before total charges associated with restructuring activities:	125.9	166.3
Fragrance	'	'
Net Sales:	'	'
Net Sales	377.4	367.4
Operating Income (Loss)	'	'
Operating Income (Loss) before total charges associated with restructuring activities:	39	36.9
Hair Care	'	'
Net Sales:	'	'
Net Sales	128.1	124.8
Operating Income (Loss)	'	'
Operating Income (Loss) before total charges associated with restructuring activities:	8.8	8.4
Other	'	'
Net Sales:	'	'
Net Sales	12.8	10.8
Operating Income (Loss)	'	'
Operating Income (Loss) before total charges associated with restructuring activities:	($2.10)	($2.50)