TOM FORD brand and intellectual property acquired by The Estée Lauder Companies Inc.

The deal values the total enterprise at $2.8

At closing, ELC paid approximately $2.25

On April 28, 2023, the Company acquired 100 % of the equity interests in 001 Del LLC (“001”) in exchange for $ 2,550 million in consideration (the “TOM FORD Acquisition”). 001 is the sole owner of the TOM FORD brand and its related intellectual property.

On April 28, 2023, the Company acquired 100 % of the equity interests in 001 Del LLC

On April 28, 2023, the Company acquired 100 % of the equity interests in 001 Del LLC (“001”) in exchange for $ 2,550 million in consideration (the “TOM FORD Acquisition”).

The total cost of the asset acquisition is $ 2,578 million, inclusive of approximately $ 28 million of transaction related costs and $ 300 million of deferred consideration payable to the sellers of which $ 150 million was paid in July 2025, and is reflected in Other accrued liabilities as of June 30, 2025, and the remaining $ 150 million is due in July 2026 and reflected in Other noncurrent liabilities in the accompanying consolidated balance sheet as of June 30, 2025.

Estée Lauder Companies Inc . (Exact name of registrant as specified in its charter)

Acquisition of TOM FORD brand and related intellectual property by The Estée Lauder Companies Inc.

In fiscal 2023, we acquired the TOM FORD brand and related intellectual property.

These decreases were partially offset by payments of the remaining deferred consideration in the fiscal 2026 first and third quarters associated with the fiscal 2023 acquisition of TOM FORD.

Notes payable and deferred consideration as of June 30, 2026 consist primarily of obligations to a vendor related to deferred service payments, and as of June 30, 2025 consist primarily of deferred payments associated with the fiscal 2023 acquisition of TOM FORD, which was paid during the fiscal 2026 first and third quarters.

as of June 30, 2025 consist primarily of deferred payments associated with the fiscal 2023 fourth quarter acquisition of TOM FORD, which was paid during the fiscal 2026 first and third quarters.

These decreases were partially offset by payments of deferred consideration in the fiscal 2026 first and third quarters associated with the fiscal 2023 acquisition of TOM FORD.

The Company paid $300 million in deferred consideration associated with the fiscal 2023 acquisition of the TOM FORD brand—which includes a $150 million early payment made in the fiscal 2026 third quarter for an obligation originally due in July 2026—and $508 million in Dividends .

The Company paid $300 million in deferred consideration associated with the fiscal 2023 acquisition of the TOM FORD brand

which includes a $150 million early payment made in the fiscal 2026 third quarter for an obligation originally due in July 2026