XML 42 R29.htm IDEA: XBRL DOCUMENT
v3.20.2

EQUITY (Tables) | 3 Months Ended
--- | ---
Sep. 30, 2020
Equity [Abstract] |
Schedule of equity | Total Stockholders’ Equity – The Estée Lauder Companies Inc.
|  |  |  | Three Months Ended September 30
(In millions) |  |  |  |  |  | 2020 |  | 2019
Common stock, beginning of the period |  |  |  |  |  | $ | 6 |  |  | $ | 6 |
Stock-based compensation |  |  |  |  |  | — |  |  | — |
Common stock, end of the period |  |  |  |  |  | 6 |  |  | 6 |
Paid-in capital, beginning of the period |  |  |  |  |  | 4,790 |  |  | 4,403 |
Common stock dividends |  |  |  |  |  | 1 |  |  | 1 |
Stock-based compensation |  |  |  |  |  | 122 |  |  | 110 |
Paid-in capital, end of the period |  |  |  |  |  | 4,913 |  |  | 4,514 |
Retained earnings, beginning of the period |  |  |  |  |  | 10,134 |  |  | 9,984 |
Common stock dividends |  |  |  |  |  | (174) |  |  | (157) |
Net earnings attributable to The Estée Lauder Companies Inc. |  |  |  |  |  | 523 |  |  | 595 |
Cumulative effect of adoption of new accounting standards |  |  |  |  |  | (3) |  |  | (29) |
Retained earnings, end of the period |  |  |  |  |  | 10,480 |  |  | 10,393 |
Accumulated other comprehensive loss, beginning of the period |  |  |  |  |  | (665) |  |  | (563) |
Other comprehensive income (loss) |  |  |  |  |  | 71 |  |  | (64) |
Accumulated other comprehensive loss, end of the period |  |  |  |  |  | (594) |  |  | (627) |
Treasury stock, beginning of the period |  |  |  |  |  | (10,330) |  |  | (9,444) |
Acquisition of treasury stock |  |  |  |  |  | — |  |  | (277) |
Stock-based compensation |  |  |  |  |  | (23) |  |  | (35) |
Treasury stock, end of the period |  |  |  |  |  | (10,353) |  |  | (9,756) |
Total stockholders’ equity – The Estée Lauder Companies Inc. |  |  |  |  |  | 4,452 |  |  | 4,530 |
Noncontrolling interests, beginning of the period |  |  |  |  |  | 27 |  |  | 25 |
Net earnings attributable to noncontrolling interests |  |  |  |  |  | 2 |  |  | 3 |
Noncontrolling interests, end of the period |  |  |  |  |  | 29 |  |  | 28 |
Total equity |  |  |  |  |  | $ | 4,481 |  |  | $ | 4,558 |
Cash dividends declared per common share |  |  |  |  |  | $ | .48 |  |  | $ | .43 |
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 three months ended September 30, 2020:
Date Declared |  | Record Date |  | Payable Date |  | Amount per Share
August 19, 2020 |  | August 31, 2020 |  | September 15, 2020 |  | $ | .48 |
Schedule of components of AOCI, net of tax | The following table represents changes in AOCI, net of tax, by component for the three months ended September 30, 2020:
(In millions) |  | Net Cash Flow Hedge Gain (Loss) |  | Amounts Included in Net Periodic Benefit Cost |  | Translation Adjustments |  | Total
Balance at June 30, 2020 |  | $ | 14 |  |  | $ | (244) |  |  | $ | (435) |  |  | $ | (665) |
OCI before reclassifications |  | (24) |  |  | (1) |  | (1) | 91 |  | (2) | 66 |
Amounts reclassified to Net earnings |  | — |  |  | 5 |  |  | — |  |  | 5 |
Net current-period OCI |  | (24) |  |  | 4 |  |  | 91 |  |  | 71 |
Balance at September 30, 2020 |  | $ | (10) |  |  | $ | (240) |  |  | $ | (344) |  |  | $ | (594) |
(1)Consists of foreign currency translation losses. (2)See Note 4 – 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 for the three months ended September 30, 2020 and 2019:
|  | Amount Reclassified from AOCI |  |  |  |  |  | Affected Line Item in Consolidated Statements of Earnings
|  | Three Months Ended September 30 |  |  |
(In millions) |  | 2020 |  | 2019 |  |  |  |  |
Gain (Loss) on Cash Flow Hedges |  |  |  |  |  |  |  |  |  |
Foreign currency forward contracts |  | $ | 1 |  |  | $ | 13 |  |  |  |  |  |  | Net sales
Interest rate-related derivatives |  | (1) |  |  | — |  |  |  |  |  |  | Interest expense
|  | — |  |  | 13 |  |  |  |  |  |  |
Provision for deferred taxes |  | — |  |  | (3) |  |  |  |  |  |  | Provision for income taxes
|  | $ | — |  |  | $ | 10 |  |  |  |  |  |  | Net earnings
Amounts Included in Net Periodic Benefit Cost |  |  |  |  |  |  |  |  |  |
Amortization of actuarial loss |  | $ | (6) |  |  | $ | (5) |  |  |  |  |  |  | Earnings before income taxes (1)
Benefit for deferred taxes |  | 1 |  |  | 1 |  |  |  |  |  |  | Provision for income taxes
|  | $ | (5) |  |  | $ | (4) |  |  |  |  |  |  | Net earnings
Cumulative Translation Adjustments |  |  |  |  |  |  |  |  |  |
Loss on liquidation of an investment in a foreign subsidiary |  | — |  |  | (6) |  |  |  |  |  |  | Restructuring and other charges
Total reclassification adjustments, net |  | $ | (5) |  |  | $ | — |  |  |  |  |  |  | Net earnings
(1)See Note 7 – Pension and Post-Retirement Benefit Plans for additional information.

X
- Definition Tabular disclosure of information related to dividends declared, including paid and unpaid dividends. + References No definition available. + Details
Name: | us-gaap_DividendsDeclaredTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_EquityAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of information about items reclassified out of accumulated other comprehensive income (loss). + References No definition available. + Details
Name: | us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of accumulated other comprehensive income (loss). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 14A -URI http://asc.fasb.org/extlink&oid=118930883&loc=SL7669686-108580 + Details
Name: | us-gaap_ScheduleOfAccumulatedOtherComprehensiveIncomeLossTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of changes in the separate accounts comprising stockholders' equity (in addition to retained earnings) and of the changes in the number of shares of equity securities during at least the most recent annual fiscal period and any subsequent interim period presented is required to make the financial statements sufficiently informative if both financial position and results of operations are presented. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21463-112644 + Details
Name: | us-gaap_ScheduleOfStockholdersEquityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration