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EQUITY AND REDEEMABLE NONCONTROLLING INTEREST
 3 Months Ended
Sep. 30, 2021
Equity [Abstract]  
EQUITY AND REDEEMABLE NONCONTROLLING INTEREST EQUITY AND REDEEMABLE NONCONTROLLING INTERESTTotal Stockholders’ Equity – The Estée Lauder Companies Inc.
Three Months Ended
September 30
(In millions)20212020
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
5,335 4,790 
Common stock dividends
1 1 
Stock-based compensation
114 122 
Paid-in capital, end of the period
5,450 4,913 
Retained earnings, beginning of the period
12,244 10,134 
Common stock dividends
(193)(174)
Net earnings attributable to The Estée Lauder Companies Inc.692 523 
Cumulative effect of adoption of new accounting standards
121 (3)
Retained earnings, end of the period
12,864 10,480 
Accumulated other comprehensive loss, beginning of the period
(470)(665)
Other comprehensive income (loss)(155)71 
Accumulated other comprehensive loss, end of the period
(625)(594)
Treasury stock, beginning of the period
(11,058)(10,330)
Acquisition of treasury stock
(519)— 
Stock-based compensation
(37)(23)
Treasury stock, end of the period
(11,614)(10,353)
Total stockholders’ equity – The Estée Lauder Companies Inc.
6,081 4,452 
Noncontrolling interests, beginning of the period
34 27 
Net earnings attributable to noncontrolling interests
1 2 
Translation adjustments, net(1)— 
Noncontrolling interests, end of the period34 29 
Total equity
$6,115 $4,481 
Redeemable noncontrolling interest, beginning of the period$857 $— 
Net earnings attributable to redeemable noncontrolling interest2 — 
Translation adjustments(17)— 
Redeemable noncontrolling interest, end of the period$842 $— 
Cash dividends declared per common share$.53 $.48 
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, 2021:

Date DeclaredRecord DatePayable DateAmount per Share
August 18, 2021August 31, 2021September 15, 2021$.53 

On November 1, 2021, a dividend was declared in the amount of $.60 per share on the Company’s Class A and Class B Common Stock. The dividend is payable in cash on December 15, 2021 to stockholders of record at the close of business on November 30, 2021.

Common Stock
During the three months ended September 30, 2021, the Company purchased approximately 1.7 million shares of its Class A Common Stock for $557 million.
Accumulated Other Comprehensive Income
The following table represents changes in AOCI, net of tax, by component for the three months ended September 30, 2021:

(In millions)Net Cash
Flow Hedge
Gain (Loss)		Amounts
Included in Net Periodic Benefit Cost		Translation
Adjustments		Total
Balance at June 30, 2021$(2)$(179)$(289)$(470)
OCI before reclassifications12 1 
(1)
(175)
(2)
(162)
Amounts reclassified to Net earnings4 3 — 7 
Net current-period OCI16 4 (175)(155)
Balance at September 30, 2021$14 $(175)$(464)$(625)
(1)Consists of foreign currency translation losses.
(2)See Note 5 – Derivative Financial Instruments for gains (losses) relating to net investment hedges.
The following table represents the effects of reclassification adjustments from AOCI into net earnings for the three months ended September 30, 2021 and 2020:
Amount Reclassified from AOCIAffected Line Item in
Consolidated
Statements of Earnings
Three Months Ended
September 30
(In millions)20212020
Gain (Loss) on Cash Flow Hedges
Foreign currency forward contracts$(6)$1 Net sales
Interest rate-related derivatives— (1)Interest expense
(6)— 
Benefit for deferred taxes2 — Provision for income taxes
(4)— Net earnings
Amounts Included in Net Periodic Benefit Cost
Amortization of actuarial loss(4)(6)
Earnings before income taxes (1)
Benefit for deferred taxes1 1 Provision for income taxes
(3)(5)Net earnings
Total reclassification adjustments, net$(7)$(5)Net earnings
(1)See Note 8 – Pension and Post-Retirement Benefit Plans for additional information.