Estee Lauder Files 8-K Amendment on Disposal Costs

TL;DR

Estee Lauder amended its 8-K filing on disposal costs, check the financials.

AI Summary

Estée Lauder Companies Inc. filed an amendment (Amendment No. 1) to its Form 8-K on February 1, 2024, related to costs associated with exit or disposal activities. The filing, dated July 23, 2024, provides updated financial statements and exhibits concerning these activities.

Why It Matters

This amendment provides updated financial disclosures regarding costs associated with the company's exit or disposal activities, which could impact future financial performance and investor assessments.

Risk Assessment

Risk Level: low — This is an amendment to a previous filing, providing updated financial information rather than announcing new, significant events.

Key Players & Entities

• Estée Lauder Companies Inc. (company) — Registrant
• February 1, 2024 (date) — Earliest event reported date
• July 23, 2024 (date) — Filing date of the amendment
• 212-572-4200 (phone_number) — Registrant's telephone number

FAQ

Key Financial Figures

• $500 million — itiatives are expected to total between $500 million and $700 million (before tax). At that
• $700 million — ected to total between $500 million and $700 million (before tax). At that time, the Company
• $137 million — ring and other charges of approximately $137 million (before tax) in connection with these i

Filing Documents

• el-20240201.htm (8-K/A) — 65KB
• 0001001250-24-000108.txt ( ) — 192KB
• el-20240201.xsd (EX-101.SCH) — 2KB
• el-20240201_lab.xml (EX-101.LAB) — 22KB
• el-20240201_pre.xml (EX-101.PRE) — 13KB
• el-20240201_htm.xml (XML) — 3KB

05. Costs Associated with Exit or Disposal Activities

Item 2.05. Costs Associated with Exit or Disposal Activities. On February 5, 2024, The Este Lauder Companies Inc. (the "Company") filed a Current Report on Form 8-K regarding a restructuring program associated with the previously announced Profit Recovery Plan, now named the Profit Recovery and Growth Plan (the "Restructuring Program"). The Restructuring Program is expected to include a number of initiatives, and the Company indicated that restructuring and other charges to implement those initiatives are expected to total between $500 million and $700 million (before tax). At that time, the Company was unable to make a determination of the estimated amount or range of amounts to be incurred by major cost type and future cash expenditures pursuant to the Restructuring Program. The Company has since disclosed information about specific initiatives approved under the Restructuring Program, including in the Company's Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2024 filed on May 1, 2024, which provided information about specific initiatives approved cumulatively through April 24, 2024. The Company is filing this Form 8-K/A to provide details about specific initiatives approved since then. Subsequent to April 24, 2024, the Company approved the following initiatives under the Restructuring Program to reorganize and right-size certain areas of the Company to drive future sales growth and productivity to rebuild gross and operating margin profitability: Value Chain Optimization – The Company approved initiatives to reduce spans and layers and right-size organizational capability within its supply chain. These actions will primarily result in employee severance through a net reduction in workforce, as well as costs to decommission and relocate activities, and asset write-offs. Enabling Function Re-Invention - The Company approved initiatives to reorganize and right-size its go-to market structure, including across various corporate functi

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). 3

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. THE ESTE LAUDER COMPANIES INC. Date: July 23, 2024 By: /s/ Tracey T. Travis Tracey T. Travis Executive Vice President and Chief Financial Officer (Principal Financial and Accounting Officer) 4