XML 43 R32.htm IDEA: XBRL DOCUMENT v3.22.1
EQUITY AND REDEEMABLE NONCONTROLLING INTEREST (Tables)
 9 Months Ended
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)2022202120222021
Common stock, beginning of the period$6 $6 $6 $6 
Stock-based compensation— — — — 
Common stock, end of the period6 6 6 6 
Paid-in capital, beginning of the period5,605 5,068 5,335 4,790 
Common stock dividends2 1 3 2 
Stock-based compensation139 162 408 439 
Paid-in capital, end of the period5,746 5,231 5,746 5,231 
Retained earnings, beginning of the period13,735 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 period14,076 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 period34 35 34 27 
Net earnings attributable to noncontrolling interests3 2 8 8 
Distribution to noncontrolling interest holders— (6)— (6)
Translation adjustments and other, net(1)(1)(6)1 
Noncontrolling interests, end of the period36 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 interest12 — 12 — 
Translation adjustments14 — (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 DeclaredRecord DatePayable DateAmount per Share
August 18, 2021August 31, 2021September 15, 2021$.53 
November 1, 2021November 30, 2021December 15, 2021$.60 
February 2, 2022February 28, 2022March 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 reclassifications12 1 
(1)
(182)
(2)
(169)
Amounts reclassified to Net earnings4 9 — 13 
Net current-period OCI16 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 AOCIAffected Line Item in
Consolidated
Statements of Earnings
Three Months Ended
March 31		Nine Months Ended
March 31
(In millions)2022202120222021
Gain (Loss) on Cash Flow Hedges
Foreign currency forward contracts$3 $(7)$(5)$(11)Net sales
Interest rate-related derivatives— (1)(1)(2)Interest expense
3 (8)(6)(13)
Benefit for deferred taxes— 2 2 3 Provision for income taxes
3 (6)(4)(10)Net earnings
Retirement Plan and Other Retiree Benefit Adjustments
Amortization of prior service cost— — 1 — 
Other components of net periodic benefit cost (1)
Amortization of actuarial loss(4)(6)(13)(18)
Other components of net periodic benefit cost (1)
Settlements— (1)— (1)
Other components of net periodic benefit cost (1)
(4)(7)(12)(19)
Benefit for deferred taxes1 3 3 5 Provision for income taxes
(3)(4)(9)(14)Net earnings
Total reclassification adjustments, net$— $(10)$(13)$(24)Net earnings
(1)See Note 8 – Pension and Post-Retirement Benefit Plans for additional information.