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EQUITY AND REDEEMABLE NONCONTROLLING INTEREST (Tables)

3 Months Ended

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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