The filing states that the Company launched a Profit Recovery Plan on November 1, 2023, focused on rebuilding stronger profitability, supporting sales growth acceleration, and increasing speed and agility. This plan aims to improve gross margin, lower the cost base, and reduce overhead expenses.

The 10-Q filing indicates that the restructuring program will result in restructuring and other charges totaling between $500 million and $700 million, before taxes, consisting of employee-related costs, contract terminations, asset write-offs and other costs associated with implementing these initiatives.

The filing states that the Company intends to use the proceeds from the 2034 Senior Notes offering for general corporate purposes, which may include funding a portion of the price to purchase the remaining interest in DECIEM, operating expenses, working capital, capital expenditures and redemptions and repayment of short-term or long-term borrowings.

The filing indicates that the Company estimates a net reduction in the range of approximately 1,800 to 3,000 positions globally, which is about 3-5% of its positions including temporary and part-time employees as of June 30, 2023. This reduction takes into account the elimination of some positions as well as retraining and redeployment of certain employees in select areas.

The filing states that once fully implemented, the Company expects the restructuring program to yield annual target gross benefits of between $350 million and $500 million, before taxes, a portion of which is expected to be reinvested in consumer-facing activities.

The filing states that in April 2024, the Company notified the minority interest holders that it was exercising its option to purchase the remaining interests in DECIEM, pursuant to the terms of the net Put (Call) Option for a purchase price based on the performance of DECIEM.

The 10-Q filing indicates that the cybersecurity incident had less than a $0.01 dilutive impact to the three months ended March 31, 2024 and was $.08 dilutive to earnings per common share for the nine months ended March 31, 2024.

The 10-Q filing indicates that the Company is involved, from time to time, in litigation and other legal proceedings incidental to its business, including product liability matters, advertising, regulatory, employment, intellectual property, real estate, environmental, trade relations, securities, tax, and privacy.

The 10-Q filing indicates that we continue to monitor the geopolitical tensions between the United States and China, which could have a material adverse effect on our business.

The 10-Q filing states that increased competitive activity from companies in the skin care, makeup, fragrance and hair care businesses is a factor that could cause actual results to differ from expectations.

The filing indicates that consolidations, restructurings, bankruptcies and reorganizations in the retail industry could cause a decrease in the number of stores that sell our products, an increase in the ownership concentration within the retail industry, ownership of retailers by our competitors or ownership of competitors by our customers that are retailers and our inability to collect receivables.

The 10-Q filing indicates that shifts in the preferences of consumers as to where and how they shop is a factor that could cause actual results to differ from expectations.

The filing states that the Profit Recovery Plan is focused on rebuilding stronger, more sustainable profitability, supporting sales growth acceleration and increasing speed and agility. The plan is designed to improve gross margin, lower the cost base and reduce overhead expenses, while increasing investments in key consumer-facing activities.

The filing indicates that the restructuring program's main focus includes the reorganization and rightsizing of certain areas of our business as well as simplification and acceleration of processes.

The filing indicates that we have also experienced, and are expecting to continue to experience, under absorption of manufacturing variances due to lower production volumes, and will be recognizing the impact of reduced manufacturing volumes on our standard cost within cost of sales for the remainder of fiscal 2024.

The filing indicates that we also leverage consumer analytics and insights with agility by deploying our brands to fast growing and profitable opportunities.

The filing indicates that we are evolving the way we connect with our consumers in stores, online and where they travel, including by expanding our digital and social media presence and the engagement of global and local influencers to amplify brand or product stories.

The filing indicates that our ability to acquire, develop or implement new information technology, including operational technology and websites, on a timely basis and within our cost estimates is a factor that could cause actual results to differ from expectations.

The filing states that in April 2024, the Company notified the minority interest holders that it was exercising its option to purchase the remaining interests in DECIEM, pursuant to the terms of the net Put (Call) Option for a purchase price based on the performance of DECIEM.

The filing states that in February 2024, the Company completed a public offering of $650 million aggregate principal amount of its 5.000% Senior Notes due February 14, 2034.

The filing states that beginning in December 2022, we temporarily suspended the repurchase of shares of our Class A Common Stock.

The filing indicates that we tailor implementation of our strategy by market to drive consumer engagement and embrace inclusion and cultural diversity.

The filing indicates that we plan to build upon and leverage our history of outstanding creativity and innovation, high quality products and services, and engaging communications while investing for long-term sustainable growth.

The filing indicates that we continue to monitor the effects of the global macro environment, including the risk of recession; currency volatility; inflationary pressures; supply chain challenges; social and political issues; regulatory matters, including the imposition of tariffs and sanctions; geopolitical tensions; and global security issues.

The filing indicates that we have experienced, and are expecting to continue to experience, ongoing softness in overall prestige beauty in mainland China.

The filing indicates that we have experienced, and are expecting to continue to experience, further business disruption in Israel and other parts of the Middle East.

The filing indicates that changes in global or local conditions, including those due to volatility in the global credit and equity markets, natural or man-made disasters, real or perceived epidemics, supply chain challenges, inflation, or increased energy costs, is a factor that could cause actual results to differ from expectations.