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EQUITY AND REDEEMABLE NONCONTROLLING INTEREST (Tables) | 3 Months Ended
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Sep. 30, 2022
Equity [Abstract] |
Schedule of equity | Total 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 |
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 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 |
Schedule of components of AOCI, net of tax | 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.
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 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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