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EQUITY AND REDEEMABLE NONCONTROLLING INTEREST (Tables) | 9 Months Ended
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Mar. 31, 2022
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) |  |  |  |  |  | 2022 |  | 2021 |  | 2022 |  | 2021
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 |  |  |  |  |  | 5,605 |  |  | 5,068 |  |  | 5,335 |  |  | 4,790 |
Common stock dividends |  |  |  |  |  | 2 |  |  | 1 |  |  | 3 |  |  | 2 |
Stock-based compensation |  |  |  |  |  | 139 |  |  | 162 |  |  | 408 |  |  | 439 |
Paid-in capital, end of the period |  |  |  |  |  | 5,746 |  |  | 5,231 |  |  | 5,746 |  |  | 5,231 |
Retained earnings, beginning of the period |  |  |  |  |  | 13,735 |  |  | 11,159 |  |  | 12,244 |  |  | 10,134 |
Common stock dividends |  |  |  |  |  | (217) |  |  | (195) |  |  | (627) |  |  | (563) |
Net earnings attributable to The Estée Lauder Companies Inc. |  |  |  |  |  | 558 |  |  | 456 |  |  | 2,338 |  |  | 1,852 |
Cumulative effect of adoption of new accounting standards |  |  |  |  |  | — |  |  | — |  |  | 121 |  |  | (3) |
Retained earnings, end of the period |  |  |  |  |  | 14,076 |  |  | 11,420 |  |  | 14,076 |  |  | 11,420 |
Accumulated other comprehensive loss, beginning of the period |  |  |  |  |  | (646) |  |  | (383) |  |  | (470) |  |  | (665) |
Other comprehensive income (loss) attributable to The Estée Lauder Companies Inc. |  |  |  |  |  | 20 |  |  | (104) |  |  | (156) |  |  | 178 |
Accumulated other comprehensive loss, end of the period |  |  |  |  |  | (626) |  |  | (487) |  |  | (626) |  |  | (487) |
Treasury stock, beginning of the period |  |  |  |  |  | (12,482) |  |  | (10,429) |  |  | (11,058) |  |  | (10,330) |
Acquisition of treasury stock |  |  |  |  |  | (568) |  |  | (212) |  |  | (1,850) |  |  | (212) |
Stock-based compensation |  |  |  |  |  | (2) |  |  | (1) |  |  | (144) |  |  | (100) |
Treasury stock, end of the period |  |  |  |  |  | (13,052) |  |  | (10,642) |  |  | (13,052) |  |  | (10,642) |
Total stockholders’ equity – The Estée Lauder Companies Inc. |  |  |  |  |  | 6,150 |  |  | 5,528 |  |  | 6,150 |  |  | 5,528 |
Noncontrolling interests, beginning of the period |  |  |  |  |  | 34 |  |  | 35 |  |  | 34 |  |  | 27 |
Net earnings attributable to noncontrolling interests |  |  |  |  |  | 3 |  |  | 2 |  |  | 8 |  |  | 8 |
Distribution to noncontrolling interest holders |  |  |  |  |  | — |  |  | (6) |  |  | — |  |  | (6) |
Translation adjustments and other, net |  |  |  |  |  | (1) |  |  | (1) |  |  | (6) |  |  | 1 |
Noncontrolling interests, end of the period |  |  |  |  |  | 36 |  |  | 30 |  |  | 36 |  |  | 30 |
Total equity |  |  |  |  |  | $ | 6,186 |  |  | $ | 5,558 |  |  | $ | 6,186 |  |  | $ | 5,558 |
Redeemable noncontrolling interest, beginning of the period |  |  |  |  |  | $ | 840 |  |  | $ | — |  |  | $ | 857 |  |  | $ | — |
Net earnings attributable to redeemable noncontrolling interest |  |  |  |  |  | 12 |  |  | — |  |  | 12 |  |  | — |
Translation adjustments |  |  |  |  |  | 14 |  |  | — |  |  | (3) |  |  | — |
Adjustment of redeemable noncontrolling interest to redemption value |  |  |  |  |  | (1) |  |  | — |  |  | (1) |  |  | — |
Redeemable noncontrolling interest, end of the period |  |  |  |  |  | $ | 865 |  |  | $ | — |  |  | $ | 865 |  |  | $ | — |
Cash dividends declared per common share |  |  |  |  |  | $ | .60 |  |  | $ | .53 |  |  | $ | 1.73 |  |  | $ | 1.54 |
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, 2022:
Date Declared |  | Record Date |  | Payable Date |  | Amount per Share
August 18, 2021 |  | August 31, 2021 |  | September 15, 2021 |  | $ | .53 |
November 1, 2021 |  | November 30, 2021 |  | December 15, 2021 |  | $ | .60 |
February 2, 2022 |  | February 28, 2022 |  | March 15, 2022 |  | $ | .60 |
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, 2022:
(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 reclassifications |  | 12 |  |  | 1 |  | (1) | (182) |  | (2) | (169) |
Amounts reclassified to Net earnings |  | 4 |  |  | 9 |  |  | — |  |  | 13 |
Net current-period OCI |  | 16 |  |  | 10 |  |  | (182) |  |  | (156) |
Balance at March 31, 2022 |  | $ | 14 |  |  | $ | (169) |  |  | $ | (471) |  |  | $ | (626) |
(1)Consists of foreign currency translation losses. (2)See Note 5 – 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 and nine months ended March 31, 2022 and 2021:
|  | Amount Reclassified from AOCI |  |  |  |  |  | Affected Line Item in Consolidated Statements of Earnings
|  | Three Months Ended March 31 |  | Nine Months Ended March 31 |  |  |
(In millions) |  | 2022 |  | 2021 |  | 2022 |  | 2021 |  |  |  |  |
Gain (Loss) on Cash Flow Hedges |  |  |  |  |  |  |  |  |  |  |  |  |  |
Foreign currency forward contracts |  | $ | 3 |  |  | $ | (7) |  |  | $ | (5) |  |  | $ | (11) |  |  |  |  |  |  | Net sales
Interest rate-related derivatives |  | — |  |  | (1) |  |  | (1) |  |  | (2) |  |  |  |  |  |  | Interest expense
|  | 3 |  |  | (8) |  |  | (6) |  |  | (13) |  |  |  |  |  |  |
Benefit for deferred taxes |  | — |  |  | 2 |  |  | 2 |  |  | 3 |  |  |  |  |  |  | Provision for income taxes
|  | 3 |  |  | (6) |  |  | (4) |  |  | (10) |  |  |  |  |  |  | Net earnings
Retirement Plan and Other Retiree Benefit Adjustments |  |  |  |  |  |  |  |  |  |  |  |  |  |
Amortization of prior service cost |  | — |  |  | — |  |  | 1 |  |  | — |  |  |  |  |  |  | Other components of net periodic benefit cost (1)
Amortization of actuarial loss |  | (4) |  |  | (6) |  |  | (13) |  |  | (18) |  |  |  |  |  |  | Other components of net periodic benefit cost (1)
Settlements |  | — |  |  | (1) |  |  | — |  |  | (1) |  |  |  |  |  |  | Other components of net periodic benefit cost (1)
|  | (4) |  |  | (7) |  |  | (12) |  |  | (19) |  |  |  |  |  |  |
Benefit for deferred taxes |  | 1 |  |  | 3 |  |  | 3 |  |  | 5 |  |  |  |  |  |  | Provision for income taxes
|  | (3) |  |  | (4) |  |  | (9) |  |  | (14) |  |  |  |  |  |  | Net earnings
Total reclassification adjustments, net |  | $ | — |  |  | $ | (10) |  |  | $ | (13) |  |  | $ | (24) |  |  |  |  |  |  | Net earnings
(1)See Note 8 – Pension and Post-Retirement Benefit Plans for additional information.

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