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EQUITY AND REDEEMABLE NONCONTROLLING INTEREST | 3 Months Ended
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Sep. 30, 2022
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) |  |  |  |  |  |  |  |  |  | 2022 |  | 2021
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 |  |  |  |  |  |  |  |  |  | 5,796 |  |  | 5,335 |
Common stock dividends |  |  |  |  |  |  |  |  |  | 1 |  |  | 1 |
Stock-based compensation |  |  |  |  |  |  |  |  |  | 78 |  |  | 114 |
Paid-in capital, end of the period |  |  |  |  |  |  |  |  |  | 5,875 |  |  | 5,450 |
Retained earnings, beginning of the period |  |  |  |  |  |  |  |  |  | 13,912 |  |  | 12,244 |
Common stock dividends |  |  |  |  |  |  |  |  |  | (216) |  |  | (193) |
Net earnings attributable to The Estée Lauder Companies Inc. |  |  |  |  |  |  |  |  |  | 489 |  |  | 692 |
Cumulative effect of adoption of new accounting standards |  |  |  |  |  |  |  |  |  | — |  |  | 121 |
Retained earnings, end of the period |  |  |  |  |  |  |  |  |  | 14,185 |  |  | 12,864 |
Accumulated other comprehensive loss, beginning of the period |  |  |  |  |  |  |  |  |  | (762) |  |  | (470) |
Other comprehensive income (loss) attributable to The Estée Lauder Companies Inc. |  |  |  |  |  |  |  |  |  | (316) |  |  | (155) |
Accumulated other comprehensive loss, end of the period |  |  |  |  |  |  |  |  |  | (1,078) |  |  | (625) |
Treasury stock, beginning of the period |  |  |  |  |  |  |  |  |  | (13,362) |  |  | (11,058) |
Acquisition of treasury stock |  |  |  |  |  |  |  |  |  | (92) |  |  | (519) |
Stock-based compensation |  |  |  |  |  |  |  |  |  | (17) |  |  | (37) |
Treasury stock, end of the period |  |  |  |  |  |  |  |  |  | (13,471) |  |  | (11,614) |
Total stockholders’ equity – The Estée Lauder Companies Inc. |  |  |  |  |  |  |  |  |  | 5,517 |  |  | 6,081 |
Noncontrolling interests, beginning of the period |  |  |  |  |  |  |  |  |  | — |  |  | 34 |
Net earnings attributable to noncontrolling interests |  |  |  |  |  |  |  |  |  | — |  |  | 1 |
Translation adjustments and other, net |  |  |  |  |  |  |  |  |  | — |  |  | (1) |
Noncontrolling interests, end of the period |  |  |  |  |  |  |  |  |  | — |  |  | 34 |
Total equity |  |  |  |  |  |  |  |  |  | $ | 5,517 |  |  | $ | 6,115 |
Redeemable noncontrolling interest, beginning of the period |  |  |  |  |  |  |  |  |  | $ | 842 |  |  | $ | 857 |
Net earnings attributable to redeemable noncontrolling interest |  |  |  |  |  |  |  |  |  | 1 |  |  | 2 |
Translation adjustments |  |  |  |  |  |  |  |  |  | (35) |  |  | (17) |
Redeemable noncontrolling interest, end of the period |  |  |  |  |  |  |  |  |  | $ | 808 |  |  | $ | 842 |
Cash dividends declared per common share |  |  |  |  |  |  |  |  |  | $ | .60 |  |  | $ | .53 |
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, 2022:
Date Declared |  | Record Date |  | Payable Date |  | Amount per Share
August 17, 2022 |  | August 31, 2022 |  | September 15, 2022 |  | $ | .60 |
On November 1, 2022, a dividend was declared in the amount of $.66 per share on the Company’s Class A and Class B Common Stock. The dividend is payable in cash on December 15, 2022 to stockholders of record at the close of business on November 30, 2022. Common Stock During the three months ended September 30, 2022, the Company purchased approximately 0.4 million shares of its Class A Common Stock for $110 million. Accumulated Other Comprehensive Income The following table represents changes in AOCI, net of tax, by component for the three months ended September 30, 2022:
(In millions) |  | Net Cash Flow Hedge Gain (Loss) |  | Amounts Included in Net Periodic Benefit Cost |  | Translation Adjustments |  | Total
Balance at June 30, 2022 |  | $ | 68 |  |  | $ | (114) |  |  | $ | (716) |  |  | $ | (762) |
OCI before reclassifications |  | 49 |  |  | (2) |  | (1) | (352) |  | (2) | (305) |
Amounts reclassified to Net earnings |  | (11) |  |  | — |  |  | — |  |  | (11) |
Net current-period OCI |  | 38 |  |  | (2) |  |  | (352) |  |  | (316) |
Balance at September 30, 2022 |  | $ | 106 |  |  | $ | (116) |  |  | $ | (1,068) |  |  | $ | (1,078) |
(1)Consists of foreign currency translation losses. (2)See Note 4 – 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, 2022 and 2021:
|  |  |  |  |  | Amount Reclassified from AOCI |  |  |  |  |  | Affected Line Item in Consolidated Statements of Earnings
|  |  |  | Three Months Ended September 30 |  |  |
(In millions) |  |  |  |  |  | 2022 |  | 2021 |  |  |  |  |
Gain (Loss) on Cash Flow Hedges |  |  |  |  |  |  |  |  |  |  |  |  |  |
Foreign currency forward contracts |  |  |  |  |  | $ | 15 |  |  | $ | (6) |  |  |  |  |  |  | Net sales
Interest rate-related derivatives |  |  |  |  |  | — |  |  | — |  |  |  |  |  |  | Interest expense
|  |  |  |  |  | 15 |  |  | (6) |  |  |  |  |  |  |
Benefit (provision) for deferred taxes |  |  |  |  |  | (4) |  |  | 2 |  |  |  |  |  |  | Provision for income taxes
|  |  |  |  |  | 11 |  |  | (4) |  |  |  |  |  |  | Net earnings
Retirement Plan and Other Retiree Benefit Adjustments |  |  |  |  |  |  |  |  |  |  |  |  |  |
Amortization of actuarial loss |  |  |  |  |  | — |  |  | (4) |  |  |  |  |  |  | Other components of net periodic benefit cost (1)
Benefit for deferred taxes |  |  |  |  |  | — |  |  | 1 |  |  |  |  |  |  | Provision for income taxes
|  |  |  |  |  | — |  |  | (3) |  |  |  |  |  |  | Net earnings
Total reclassification adjustments, net |  |  |  |  |  | $ | 11 |  |  | $ | (7) |  |  |  |  |  |  | Net earnings
(1)See Note 7 – Pension and Post-Retirement Benefit Plans for additional information.

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- Definition The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -URI https://asc.fasb.org/topic&trid=2208762 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 13 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126973232&loc=SL123496158-112644 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 13 -URI https://asc.fasb.org/extlink&oid=126973232&loc=SL123496158-112644 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 14 -Subparagraph (c) -URI https://asc.fasb.org/extlink&oid=126973232&loc=SL123496171-112644 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 14 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126973232&loc=SL123496171-112644 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.3-04) -URI https://asc.fasb.org/extlink&oid=120397183&loc=d3e187085-122770 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 18 -Subparagraph (d) -URI https://asc.fasb.org/extlink&oid=126973232&loc=SL123496189-112644 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 13 -Subparagraph (g) -URI https://asc.fasb.org/extlink&oid=126973232&loc=SL123496158-112644 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 18 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=126973232&loc=SL123496189-112644 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 13 -Subparagraph (h) -URI https://asc.fasb.org/extlink&oid=126973232&loc=SL123496158-112644 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 14 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=126973232&loc=SL123496171-112644 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 18 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126973232&loc=SL123496189-112644 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 16 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126973232&loc=SL123496180-112644 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 13 -Subparagraph (i) -URI https://asc.fasb.org/extlink&oid=126973232&loc=SL123496158-112644 Reference 15: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(e)(1)) -URI https://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690 Reference 16: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 40 -Section 50 -Paragraph 6 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=126731327&loc=SL126733271-114008 + Details
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