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EQUITY (Tables) | 9 Months Ended
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Mar. 31, 2021
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) |  | 2021 |  | 2020 |  | 2021 |  | 2020
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 |  | 5,068 |  |  | 4,615 |  |  | 4,790 |  |  | 4,403 |
Common stock dividends |  | 1 |  |  | 1 |  |  | 2 |  |  | 3 |
Stock-based compensation |  | 162 |  |  | 144 |  |  | 439 |  |  | 354 |
Paid-in capital, end of the period |  | 5,231 |  |  | 4,760 |  |  | 5,231 |  |  | 4,760 |
Retained earnings, beginning of the period |  | 11,159 |  |  | 10,775 |  |  | 10,134 |  |  | 9,984 |
Common stock dividends |  | (195) |  |  | (174) |  |  | (563) |  |  | (506) |
Net earnings (loss) attributable to The Estée Lauder Companies Inc. |  | 456 |  |  | (6) |  |  | 1,852 |  |  | 1,146 |
Cumulative effect of adoption of new accounting standards |  | — |  |  | — |  |  | (3) |  |  | (29) |
Retained earnings, end of the period |  | 11,420 |  |  | 10,595 |  |  | 11,420 |  |  | 10,595 |
Accumulated other comprehensive loss, beginning of the period |  | (383) |  |  | (569) |  |  | (665) |  |  | (563) |
Other comprehensive income (loss) |  | (104) |  |  | (143) |  |  | 178 |  |  | (149) |
Accumulated other comprehensive loss, end of the period |  | (487) |  |  | (712) |  |  | (487) |  |  | (712) |
Treasury stock, beginning of the period |  | (10,429) |  |  | (10,253) |  |  | (10,330) |  |  | (9,444) |
Acquisition of treasury stock |  | (212) |  |  | (65) |  |  | (212) |  |  | (768) |
Stock-based compensation |  | (1) |  |  | (2) |  |  | (100) |  |  | (108) |
Treasury stock, end of the period |  | (10,642) |  |  | (10,320) |  |  | (10,642) |  |  | (10,320) |
Total stockholders’ equity – The Estée Lauder Companies Inc. |  | 5,528 |  |  | 4,329 |  |  | 5,528 |  |  | 4,329 |
Noncontrolling interests, beginning of the period |  | 35 |  |  | 27 |  |  | 27 |  |  | 25 |
Net earnings attributable to noncontrolling interests |  | 2 |  |  | 2 |  |  | 8 |  |  | 9 |
Distribution to noncontrolling interest holders |  | (6) |  |  | — |  |  | (6) |  |  | (4) |
Other comprehensive (income) loss |  | (1) |  |  | — |  |  | 1 |  |  | (1) |
Noncontrolling interests, end of the period |  | 30 |  |  | 29 |  |  | 30 |  |  | 29 |
Total equity |  | $ | 5,558 |  |  | $ | 4,358 |  |  | $ | 5,558 |  |  | $ | 4,358 |
Cash dividends declared per common share |  | $ | .53 |  |  | $ | .48 |  |  | $ | 1.54 |  |  | $ | 1.39 |
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, 2021:
Date Declared |  | Record Date |  | Payable Date |  | Amount per Share
August 19, 2020 |  | August 31, 2020 |  | September 15, 2020 |  | $ | .48 |
October 30, 2020 |  | November 30, 2020 |  | December 15, 2020 |  | $ | .53 |
February 4, 2021 |  | February 26, 2021 |  | March 15, 2021 |  | $ | .53 |
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, 2021:
(In millions) |  | Net Cash Flow Hedge Gain (Loss) |  | Retirement Plan and Other Retiree Benefit Adjustments |  | Translation Adjustments |  | Total
Balance at June 30, 2020 |  | $ | 14 |  |  | $ | (244) |  |  | $ | (435) |  |  | $ | (665) |
OCI before reclassifications |  | (22) |  |  | 1 |  | (1) | 175 |  | (2) | 154 |
Amounts reclassified to Net earnings |  | 10 |  |  | 14 |  |  | — |  |  | 24 |
Net current-period OCI |  | (12) |  |  | 15 |  |  | 175 |  |  | 178 |
Balance at March 31, 2021 |  | $ | 2 |  |  | $ | (229) |  |  | $ | (260) |  |  | $ | (487) |
(1)Consists of foreign currency translation gains. (2)See Note 6 – 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, 2021 and 2020:
|  | 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) |  | 2021 |  | 2020 |  | 2021 |  | 2020 |
Gain (Loss) on Cash Flow Hedges |  |  |  |  |  |  |  |  |  |
Foreign currency forward contracts |  | $ | (7) |  |  | $ | 10 |  |  | $ | (11) |  |  | $ | 29 |  |  | Net sales
Interest rate-related derivatives |  | (1) |  |  | — |  |  | (2) |  |  | — |  |  | Interest expense
|  | (8) |  |  | 10 |  |  | (13) |  |  | 29 |  |  |
Benefit (provision) for deferred taxes |  | 2 |  |  | (2) |  |  | 3 |  |  | (7) |  |  | Provision for income taxes
|  | $ | (6) |  |  | $ | 8 |  |  | (10) |  |  | $ | 22 |  |  | Net earnings (loss)
Retirement Plan and Other Retiree Benefit Adjustments |  |  |  |  |  |  |  |  |  |
Amortization of actuarial loss |  | $ | (6) |  |  | $ | (6) |  |  | $ | (18) |  |  | $ | (16) |  |  | Other components of net periodic benefit cost (1)
Settlements |  | (1) |  |  | — |  |  | (1) |  |  | — |  |  | Other components of net periodic benefit cost (1)
|  | (7) |  |  | (6) |  |  | (19) |  |  | (16) |  |  | Earnings before income taxes (1)
Benefit for deferred taxes |  | 3 |  |  | 1 |  |  | 5 |  |  | 3 |  |  | Provision for income taxes
|  | $ | (4) |  |  | $ | (5) |  |  | $ | (14) |  |  | $ | (13) |  |  | Net earnings (loss)
Cumulative Translation Adjustments |  |  |  |  |  |  |  |  |  |
Gain on previously held equity method investment |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 4 |  |  | Other income
Loss on liquidation of an investment in a foreign subsidiary |  | — |  |  | — |  |  | — |  |  | (6) |  |  | Restructuring and other charges
|  | $ | — |  |  | $ | — |  |  | — |  |  | $ | (2) |  |  | Net earnings (loss)
Total reclassification adjustments, net |  | $ | (10) |  |  | $ | 3 |  |  | $ | (24) |  |  | $ | 7 |  |  | Net earnings (loss)
(1)See Note 9 – Pension and Post-Retirement Benefit Plans for additional information.

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