The company said the total restructuring and other charges (before tax) for the two-year Restructuring Program it set in February February 1, 2024 are expected to be between $500 million and $700 million.

1. 01

   The company said the total restructuring and other charges (before tax) for the two-year Restructuring Program it set in February February 1, 2024 are expected to be between $500 million and $700 million.

2. 02

   The company said that, for initiatives approved after October 25, 2024, it expects to record restructuring and other charges of about $122 million (before tax) once the relevant accounting criteria are met. It said that, apart from non-cash charges, these costs are expected to result in future cash expenditures funded from cash provided by operations.

3. 03

   The company disclosed that cumulative charges approved through December 18, 2024 total $479 million, including restructuring charges of $366 million, other charges of $103 million, cost of sales of $9 million and sales returns (included in net sales) of $1 million.

4. 04

   Estée Lauder said cumulative restructuring charges approved through December 18, 2024 total $366 million, of which employee-related costs are $338 million, asset-related costs are $13 million and other exit costs are $15 million.

Analysis scope · Filing bodyWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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