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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2019
Jun. 30, 2019
Current assets    
Cash and cash equivalents $ 3,596 $ 2,987
Accounts receivable, net 2,225 1,831
Inventory and promotional merchandise 2,058 2,006
Prepaid expenses and other current assets 469 388
Total current assets 8,348 7,212
Property, plant and equipment, net 2,086 2,068
Other assets    
Operating lease right-of-use assets 2,517  
Goodwill 1,920 1,868
Other intangible assets, net 2,342 1,203
Other assets 724 805
Total other assets 7,503 3,876
Total assets 17,937 13,156
Current liabilities    
Current debt 522 516
Accounts payable 1,137 1,490
Operating lease liabilities 369  
Other accrued liabilities 2,925 2,599
Total current liabilities 4,953 4,605
Noncurrent liabilities    
Long-term debt 4,662 2,896
Long-term operating lease liabilities 2,318  
Other noncurrent liabilities 1,403 1,244
Total noncurrent liabilities 8,383 4,140
Contingencies
Equity    
Common stock, $.01 par value; Class A shares authorized: 1,300,000,000 at December 31, 2019 and June 30, 2019; shares issued: 448,452,843 at December 31, 2019 and 443,685,124 at June 30, 2019; Class B shares authorized: 304,000,000 at December 31, 2019 and June 30, 2019; shares issued and outstanding: 137,220,914 at December 31, 2019 and 139,537,814 at June 30, 2019 6 6
Paid-in capital 4,615 4,403
Retained earnings 10,775 9,984
Accumulated other comprehensive loss (569) (563)
Stockholders' equity before treasury stock 14,827 13,830
Less: Treasury stock, at cost; 226,278,070 Class A shares at December 31, 2019 and 222,120,630 Class A shares at June 30, 2019 (10,253) (9,444)
Total stockholders' equity - The Estee Lauder Companies Inc. 4,574 4,386
Noncontrolling interests 27 25
Total equity 4,601 4,411
Total liabilities and equity $ 17,937 $ 13,156