41 THEEST{E LAUDER COMPANIES INC. RESULTS OF OPERATIONS We manufacture, market and sell skin care, makeup, fragrance and hair care products which are distributed in over 130 countries and territories. The following is a comparative summary of operating results for fiscal 2003, 2002 and 2001 and reflects the basis of presentation described in Note 2 and Note 18 to the Notes to Consolidated Financial Statements for all periods presented. Products and services that do not meet our definition of skin care, makeup, fragrance and hair care have been included in the “other” category. *Refer to the following tables and discussion for further information regarding these charges. YEAR ENDED JUNE 30 2003 2002 2001 (In millions) NET SALES By Region: The Americas $2,953.4 $2,878.2 $2,857.8 Europe, the Middle East & Africa 1,506.4 1,261.1 1,221.8 Asia/Pacific 657.8 610.6 596.1 5,117.6 4,749.9 4,675.7 Restructuring* — (6.2) (8.0) $5,117.6 $4,743.7 $4,667.7 By Product Category: Skin Care $1,893.7 $1,703.3 $1,660.7 Makeup 1,909.4 1,790.5 1,721.6 Fragrance 1,059.6 1,017.3 1,085.1 Hair Care 228.9 215.8 180.7 Other 26.0 23.0 27.6 5,117.6 4,749.9 4,675.7 Restructuring*  — (6.2) (8.0) $5,117.6 $4,743.7 $4,667.7 OPERATING INCOME  By Region: The Americas $ 246.7 $ 222.9 $ 299.9 Europe, the Middle East & Africa 227.7 179.9 201.8 Asia/Pacific 42.7 56.0 56.9 517.1 458.8 558.6 Restructuring and Special Charges*  (22.0) (117.4) (63.0) $ 495.1 $ 341.4 $ 495.6 By Product Category: Skin Care $ 273.2 $ 248.4 $ 266.9 Makeup 198.0 183.2 212.5 Fragrance 32.1 13.4 63.6 Hair Care 14.8 13.7 13.1 Other (1.0) 0.1 2.5 517.1 458.8 558.6 Restructuring and Special Charges*  (22.0) (117.4) (63.0) $ 495.1 $ 341.4 $ 495.6