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EQUITY (Tables) | 9 Months Ended
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Mar. 31, 2020
Equity [Abstract] |
Schedule of equity | Total Stockholders’ Equity – The Estée Lauder Companies Inc.
|  | Three Months Ended March 31 |  |  |  | Nine Months Ended March 31 |  |
(In millions) |  | 2020 |  | 2019 |  | 2020 |  | 2019
Common stock, beginning of the period |  | $ | 6 |  |  | $ | 6 |  |  | $ | 6 |  |  | $ | 6 |
Stock-based compensation |  | — |  |  | — |  |  | — |  |  | — |
Common stock, end of the period |  | 6 |  |  | 6 |  |  | 6 |  |  | 6 |
Paid-in capital, beginning of the period |  | 4,615 |  |  | 4,162 |  |  | 4,403 |  |  | 3,972 |
Common stock dividends |  | 1 |  |  | — |  |  | 3 |  |  | — |
Stock-based compensation |  | 144 |  |  | 169 |  |  | 354 |  |  | 359 |
Paid-in capital, end of the period |  | 4,760 |  |  | 4,331 |  |  | 4,760 |  |  | 4,331 |
Retained earnings, beginning of the period |  | 10,775 |  |  | 9,586 |  |  | 9,984 |  |  | 9,040 |
Common stock dividends |  | (174) |  |  | (157) |  |  | (506) |  |  | (455) |
Net earnings (loss) attributable to The Estée Lauder Companies Inc. |  | (6) |  |  | 555 |  |  | 1,146 |  |  | 1,628 |
Cumulative effect of adoption of new accounting standards |  | — |  |  | — |  |  | (29) |  |  | (229) |
Retained earnings, end of the period |  | 10,595 |  |  | 9,984 |  |  | 10,595 |  |  | 9,984 |
Accumulated other comprehensive loss, beginning of the period |  | (569) |  |  | (430) |  |  | (563) |  |  | (434) |
Other comprehensive loss |  | (143) |  |  | (68) |  |  | (149) |  |  | (64) |
Accumulated other comprehensive loss, end of the period |  | (712) |  |  | (498) |  |  | (712) |  |  | (498) |
Treasury stock, beginning of the period |  | (10,253) |  |  | (9,018) |  |  | (9,444) |  |  | (7,896) |
Acquisition of treasury stock |  | (65) |  |  | (215) |  |  | (768) |  |  | (1,248) |
Stock-based compensation |  | (2) |  |  | (2) |  |  | (108) |  |  | (91) |
Treasury stock, end of the period |  | (10,320) |  |  | (9,235) |  |  | (10,320) |  |  | (9,235) |
Total stockholders’ equity – The Estée Lauder Companies Inc. |  | 4,329 |  |  | 4,588 |  |  | 4,329 |  |  | 4,588 |
Noncontrolling interests, beginning of the period |  | 27 |  |  | 27 |  |  | 25 |  |  | 22 |
Net earnings attributable to noncontrolling interests |  | 2 |  |  | 2 |  |  | 9 |  |  | 8 |
Distribution to noncontrolling interest holders |  | — |  |  | — |  |  | (4) |  |  | — |
Other comprehensive loss |  | — |  |  | — |  |  | (1) |  |  | (1) |
Noncontrolling interests, end of the period |  | 29 |  |  | 29 |  |  | 29 |  |  | 29 |
Total equity |  | $ | 4,358 |  |  | $ | 4,617 |  |  | $ | 4,358 |  |  | $ | 4,617 |
Cash dividends declared per common share |  | $ | .48 |  |  | $ | .43 |  |  | $ | 1.39 |  |  | $ | 1.24 |
Summary of cash dividends declared per share on the Company's Class A and Class B Common Stock | The following is a summary of quarterly cash dividends declared per share on the Company’s Class A and Class B Common Stock during the nine months ended March 31, 2020:
Date Declared |  | Record Date |  | Payable Date |  | Amount per Share
August 16, 2019 |  | August 30, 2019 |  | September 16, 2019 |  | $ | .43 |
October 30, 2019 |  | November 29, 2019 |  | December 16, 2019 |  | $ | .48 |
February 5, 2020 |  | February 28, 2020 |  | March 16, 2020 |  | $ | .48 |
Schedule of components of AOCI, net of tax | The following table represents changes in AOCI, net of tax, by component for the nine months ended March 31, 2020:
(In millions) |  | Net Cash Flow Hedge Gain (Loss) |  | Amounts Included in Net Periodic Benefit Cost |  |  | Translation Adjustments |  |  | Total
Balance at June 30, 2019 |  | $ | 21 |  |  | $ | (253) |  |  |  | $ | (331) |  |  |  | $ | (563) |
OCI before reclassifications |  | 29 |  |  | (1) |  | (1) |  | (170) |  | (2) |  | (142) |
Amounts reclassified to Net earnings (loss) |  | (22) |  |  | 13 |  |  |  | 2 |  |  |  | (7) |
Net current-period OCI |  | 7 |  |  | 12 |  |  |  | (168) |  |  |  | (149) |
Balance at March 31, 2020 |  | $ | 28 |  |  | $ | (241) |  |  |  | $ | (499) |  |  |  | $ | (712) |
______________________________________________ (1)Consists of foreign currency translation losses. (2)See Note 7 – Derivative Financial Instruments for gains (losses) relating to net investment hedges.
Schedule of effects of reclassification adjustments from AOCI into net earnings | The following table represents the effects of reclassification adjustments from AOCI into net earnings (loss) for the three and nine months ended March 31, 2020 and 2019:
|  | Amount Reclassified from AOCI |  |  |  |  |  |  |  | Affected Line Item in Consolidated Statements of Earnings (Loss)
|  | Three Months Ended March 31 |  |  |  | Nine Months Ended March 31 |  |  |  |
(In millions) |  | 2020 |  | 2019 |  | 2020 |  | 2019 |  |
Gain (Loss) on Investments |  |  |  |  |  |  |  |  |  |
Gain (loss) on investments |  | $ | — |  |  |  | $ | (6) |  |  |  | $ | — |  |  |  | $ | (6) |  |  | Other income, net
Benefit (provision) for deferred taxes |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  | Provision for income taxes
|  | $ | — |  |  |  | $ | (6) |  |  |  | $ | — |  |  |  | $ | (6) |  |  | Net earnings (loss)
Gain (Loss) on Cash Flow Hedges |  |  |  |  |  |  |  |  |  |
Foreign currency forward contracts |  | $ | 10 |  |  | $ | 8 |  |  | $ | 29 |  |  | $ | 15 |  |  | Net sales
Interest rate-related derivatives |  | — |  |  |  | 1 |  |  |  | — |  |  |  | 1 |  |  |  | Interest expense
|  | 10 |  |  | 9 |  |  | 29 |  |  | 16 |  |  |
Benefit (provision) for deferred taxes |  | (2) |  |  | (2) |  |  | (7) |  |  | (4) |  |  | Provision for income taxes
|  | $ | 8 |  |  | $ | 7 |  |  | $ | 22 |  |  | $ | 12 |  |  | Net earnings (loss)
Amounts Included in Net Periodic Benefit Cost |  |  |  |  |  |  |  |  |  |
Amortization of actuarial loss |  | $ | (6) |  |  | $ | (3) |  |  | $ | (16) |  |  | $ | (10) |  |  | Earnings before income taxes (1)
Benefit for deferred taxes |  | 1 |  |  | 1 |  |  | 3 |  |  | 3 |  |  | Provision for income taxes
|  | $ | (5) |  |  | $ | (2) |  |  | $ | (13) |  |  | $ | (7) |  |  | Net earnings (loss)
Cumulative Translation Adjustments |  |  |  |  |  |  |  |  |  |
Gain on previously held equity method investment |  | $ | — |  |  | $ | — |  |  | $ | 4 |  |  | $ | — |  |  | Other income, net
Loss on liquidation of an investment in a foreign subsidiary |  | — |  |  | — |  |  | (6) |  |  | — |  |  | Restructuring and other charges
Gain on liquidation of an investment in a foreign subsidiary |  | — |  |  |  | 77 |  |  |  | — |  |  |  | 77 |  |  | Other income, net
|  | $ | — |  |  | $ | 77 |  |  | $ | (2) |  |  | $ | 77 |  |  | Net earnings (loss)
Total reclassification adjustments, net |  | $ | 3 |  |  | $ | 76 |  |  | $ | 7 |  |  | $ | 76 |  |  | Net earnings (loss)
______________________________________________ (1)See Note 10 – Pension and Post-Retirement Benefit Plans for additional information.

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