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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2020
Jun. 30, 2020
Current assets    
Cash and cash equivalents $ 5,545 $ 5,022
Accounts receivable, net 1,972 1,194
Inventory and promotional merchandise 2,116 2,062
Prepaid expenses and other current assets 658 614
Total current assets 10,291 8,892
Property, plant and equipment, net 2,142 2,055
Other assets    
Operating lease right-of-use assets 2,325 2,282
Goodwill 1,401 1,401
Other intangible assets, net 2,424 2,338
Other assets 1,012 813
Total other assets 7,162 6,834
Total assets 19,595 17,781
Current liabilities    
Current debt 470 1,222
Accounts payable 1,299 1,177
Operating lease liabilities 387 375
Other accrued liabilities 3,264 2,405
Total current liabilities 5,420 5,179
Noncurrent liabilities    
Long-term debt 4,913 4,914
Long-term operating lease liabilities 2,314 2,278
Other noncurrent liabilities 1,492 1,448
Total noncurrent liabilities 8,719 8,640
Contingencies
Equity    
Common stock, $.01 par value; Class A shares authorized: 1,300,000,000 at December 31, 2020 and June 30, 2020; shares issued: 456,618,145 at December 31, 2020 and 451,927,441 at June 30, 2020; Class B shares authorized: 304,000,000 at December 31, 2020 and June 30, 2020; shares issued and outstanding: 133,023,029 at December 31, 2020 and 135,235,429 at June 30, 2020 6 6
Paid-in capital 5,068 4,790
Retained earnings 11,159 10,134
Accumulated other comprehensive loss (383) (665)
Stockholders' equity before treasury stock 15,850 14,265
Less: Treasury stock, at cost; 227,008,228 Class A shares at December 31, 2020 and 226,637,238 Class A shares at June 30, 2020 (10,429) (10,330)
Total stockholders’ equity – The Estée Lauder Companies Inc. 5,421 3,935
Noncontrolling interests 35 27
Total equity 5,456 3,962
Total liabilities and equity $ 19,595 $ 17,781