Property, Plant and Equipment Disclosure
Asset Age Ratios (Summary)
Average Age
Estimated Total Useful Life
Estimated Age, Time Elapsed Since Purchase
Estimated Remaining Life

Estée Lauder Cos. Inc., balance sheet: property, plant and equipment

US$ in millions

	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020	Jun 30, 2019	Jun 30, 2018
Land	70)	53)	55)	33)	29)	30)
Buildings and improvements	843)	491)	256)	400)	337)	237)
Machinery and equipment	1,071)	994)	920)	865)	811)	719)
Computer hardware and software	1,651)	1,468)	1,303)	1,335)	1,264)	1,193)
Furniture and fixtures	136)	129)	125)	120)	116)	104)
Leasehold improvements	2,310)	2,246)	2,312)	2,381)	2,274)	2,152)
Construction in progress	827)	759)	647)	—)	—)	—)
Property, plant and equipment, gross	6,908)	6,140)	5,618)	5,134)	4,831)	4,435)
Accumulated depreciation and amortization	(3,729)	(3,490)	(3,338)	(3,079)	(2,763)	(2,612)
Property, plant and equipment, net	3,179)	2,650)	2,280)	2,055)	2,068)	1,823)

Based on: 10-K (reporting date: 2023-06-30), 10-K (reporting date: 2022-06-30), 10-K (reporting date: 2021-06-30), 10-K (reporting date: 2020-06-30), 10-K (reporting date: 2019-06-30), 10-K (reporting date: 2018-06-30).

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Item	Description	The company
Property, plant and equipment, gross	Amount before accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures.	Estée Lauder Cos. Inc. property, plant and equipment, gross increased from 2021 to 2022 and from 2022 to 2023.
Property, plant and equipment, net	Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures.	Estée Lauder Cos. Inc. property, plant and equipment, net increased from 2021 to 2022 and from 2022 to 2023.

Estée Lauder Cos. Inc., asset age ratios

	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020	Jun 30, 2019	Jun 30, 2018
Average age ratio	54.53%	57.34%	60.00%	60.36%	57.54%	59.30%
Estimated total useful life (years)	12	11	11	10	10	9
Estimated age, time elapsed since purchase (years)	6	6	6	6	6	6
Estimated remaining life (years)	5	5	4	4	4	4

Based on: 10-K (reporting date: 2023-06-30), 10-K (reporting date: 2022-06-30), 10-K (reporting date: 2021-06-30), 10-K (reporting date: 2020-06-30), 10-K (reporting date: 2019-06-30), 10-K (reporting date: 2018-06-30).

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Asset age ratio	Description	The company
Average age ratio	As long as straight-line depreciation is used, this is an accurate estimate of asset age as a percentage of depreciable life. The relative age is a useful measure of whether the company fixed asset base is old or new. Newer assets are likely to be more efficient.	Estée Lauder Cos. Inc. average age ratio of depreciable property, plant and equipment improved from 2021 to 2022 and from 2022 to 2023.
Estimated total useful life	Over longer time periods, this ratio is a useful measure of company depreciation policy and can be used for comparisons with competitors.	Estée Lauder Cos. Inc. estimated total useful life of depreciable property, plant and equipment increased from 2021 to 2022 and from 2022 to 2023.
Estimated time elapsed since purchase	The approximate age in years of a company fixed assets. Useful for comparison purposes.	Estée Lauder Cos. Inc. estimated time elapsed since purchase of depreciable property, plant and equipment improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023 not reaching 2021 level.
Estimated remaining life		Estée Lauder Cos. Inc. estimated remaining life of depreciable property, plant and equipment increased from 2021 to 2022 and from 2022 to 2023.

	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020	Jun 30, 2019	Jun 30, 2018
Selected Financial Data (US$ in millions)
Accumulated depreciation and amortization	3,729)	3,490)	3,338)	3,079)	2,763)	2,612)
Property, plant and equipment, gross	6,908)	6,140)	5,618)	5,134)	4,831)	4,435)
Land	70)	53)	55)	33)	29)	30)
Asset Age Ratio
Average age¹	54.53%	57.34%	60.00%	60.36%	57.54%	59.30%

Based on: 10-K (reporting date: 2023-06-30), 10-K (reporting date: 2022-06-30), 10-K (reporting date: 2021-06-30), 10-K (reporting date: 2020-06-30), 10-K (reporting date: 2019-06-30), 10-K (reporting date: 2018-06-30).

2023 Calculations

¹ Average age = 100 × Accumulated depreciation and amortization ÷ (Property, plant and equipment, gross – Land)
= 100 × 3,729 ÷ (6,908 – 70) = 54.53%

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Asset age ratio	Description	The company
Average age	As long as straight-line depreciation is used, this is an accurate estimate of asset age as a percentage of depreciable life. The relative age is a useful measure of whether the company fixed asset base is old or new. Newer assets are likely to be more efficient.	Estée Lauder Cos. Inc. average age ratio of depreciable property, plant and equipment improved from 2021 to 2022 and from 2022 to 2023.

	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020	Jun 30, 2019	Jun 30, 2018
Selected Financial Data (US$ in millions)
Property, plant and equipment, gross	6,908)	6,140)	5,618)	5,134)	4,831)	4,435)
Land	70)	53)	55)	33)	29)	30)
Depreciation and amortization of property, plant and equipment	577)	543)	516)	514)	495)	469)
Asset Age Ratio (Years)
Estimated total useful life¹	12	11	11	10	10	9

Based on: 10-K (reporting date: 2023-06-30), 10-K (reporting date: 2022-06-30), 10-K (reporting date: 2021-06-30), 10-K (reporting date: 2020-06-30), 10-K (reporting date: 2019-06-30), 10-K (reporting date: 2018-06-30).

2023 Calculations

¹ Estimated total useful life = (Property, plant and equipment, gross – Land) ÷ Depreciation and amortization of property, plant and equipment
= (6,908 – 70) ÷ 577 = 12

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Asset age ratio	Description	The company
Estimated total useful life	Over longer time periods, this ratio is a useful measure of company depreciation policy and can be used for comparisons with competitors.	Estée Lauder Cos. Inc. estimated total useful life of depreciable property, plant and equipment increased from 2021 to 2022 and from 2022 to 2023.

	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020	Jun 30, 2019	Jun 30, 2018
Selected Financial Data (US$ in millions)
Accumulated depreciation and amortization	3,729)	3,490)	3,338)	3,079)	2,763)	2,612)
Depreciation and amortization of property, plant and equipment	577)	543)	516)	514)	495)	469)
Asset Age Ratio (Years)
Time elapsed since purchase¹	6	6	6	6	6	6

Based on: 10-K (reporting date: 2023-06-30), 10-K (reporting date: 2022-06-30), 10-K (reporting date: 2021-06-30), 10-K (reporting date: 2020-06-30), 10-K (reporting date: 2019-06-30), 10-K (reporting date: 2018-06-30).

2023 Calculations

¹ Time elapsed since purchase = Accumulated depreciation and amortization ÷ Depreciation and amortization of property, plant and equipment
= 3,729 ÷ 577 = 6

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Asset age ratio	Description	The company
Estimated time elapsed since purchase	The approximate age in years of a company fixed assets. Useful for comparison purposes.	Estée Lauder Cos. Inc. estimated time elapsed since purchase of depreciable property, plant and equipment improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023 not reaching 2021 level.

	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020	Jun 30, 2019	Jun 30, 2018
Selected Financial Data (US$ in millions)
Property, plant and equipment, net	3,179)	2,650)	2,280)	2,055)	2,068)	1,823)
Land	70)	53)	55)	33)	29)	30)
Depreciation and amortization of property, plant and equipment	577)	543)	516)	514)	495)	469)
Asset Age Ratio (Years)
Estimated remaining life¹	5	5	4	4	4	4

Based on: 10-K (reporting date: 2023-06-30), 10-K (reporting date: 2022-06-30), 10-K (reporting date: 2021-06-30), 10-K (reporting date: 2020-06-30), 10-K (reporting date: 2019-06-30), 10-K (reporting date: 2018-06-30).

2023 Calculations

¹ Estimated remaining life = (Property, plant and equipment, net – Land) ÷ Depreciation and amortization of property, plant and equipment
= (3,179 – 70) ÷ 577 = 5

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Asset age ratio	Description	The company
Estimated remaining life		Estée Lauder Cos. Inc. estimated remaining life of depreciable property, plant and equipment increased from 2021 to 2022 and from 2022 to 2023.

Estée Lauder Cos. Inc. (NYSE:EL)

Analysis of Property, Plant and Equipment

Property, Plant and Equipment Disclosure

Asset Age Ratios (Summary)

Average Age

Estimated Total Useful Life

Estimated Age, Time Elapsed since Purchase

Estimated Remaining Life