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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)20202019
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 DeclaredRecord DatePayable DateAmount per Share
August 19, 2020August 31, 2020September 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 AOCIAffected Line Item in
Consolidated
Statements of Earnings
Three Months Ended
September 30
(In millions)20202019
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 taxes1 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.