---
schema_version: "secwatch.filing_event.v1"
accession: "0001001250-24-000263"
form_type: "8-K/A"
ticker: "EL"
cik: "0001001250"
company_name: "ESTEE LAUDER COMPANIES INC"
filed_at: "2024-12-20T23:59:59+00:00"
generated_at: "2026-05-28T23:59:43.623559+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Estée Lauder approves $122M additional restructuring initiatives; cumulative charges $479M

## Summary
- PRGP restructuring program now expects initiatives totaling ~$122M (pretax) approved since Oct 25, 2024.
- Cumulative restructuring charges through Dec 18, 2024: $479M, within previous $500-700M range.
- Initiatives include workforce reductions in regions, supply chain, marketing, and corporate functions.
- Employee-related costs account for $338M of cumulative charges; non-cash asset write-offs also included.
- Restructuring funded from operating cash; aims to rebuild gross and operating margins by FY2026.

## SEC filing metadata
- accession: 0001001250-24-000263
- form_type: 8-K/A
- ticker: EL
- cik: 0001001250
- company_name: ESTEE LAUDER COMPANIES INC
- filed_at: 2024-12-20T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.05, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1001250/000100125024000263/0001001250-24-000263-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1001250/000100125024000263/el-20240201.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001001250-24-000263
- JSON: https://secwatch.observer/filing/0001001250-24-000263.json
- Plain text: https://secwatch.observer/filing/0001001250-24-000263.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.