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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2022
Jun. 30, 2022
Current assets    
Cash and cash equivalents $ 3,725 $ 3,957
Accounts receivable, net 1,932 1,629
Inventory and promotional merchandise 3,069 2,920
Prepaid expenses and other current assets 641 792
Total current assets 9,367 9,298
Property, plant and equipment, net 2,908 2,650
Other assets    
Operating lease right-of-use assets 1,847 1,949
Goodwill 2,473 2,521
Other intangible assets, net 3,097 3,428
Other assets 1,039 1,064
Total other assets 8,456 8,962
Total assets 20,731 20,910
Current liabilities    
Current debt 260 268
Accounts payable 1,507 1,822
Operating lease liabilities 349 365
Other accrued liabilities 3,539 3,360
Total current liabilities 5,655 5,815
Noncurrent liabilities    
Long-term debt 5,111 5,144
Long-term operating lease liabilities 1,757 1,868
Other noncurrent liabilities 1,487 1,651
Total noncurrent liabilities 8,355 8,663
Commitments and Contingencies
Redeemable Noncontrolling Interest 819 842
Equity    
Common stock, $.01 par value; Class A shares authorized: 1,300,000,000 at December 31, 2022 and June 30, 2022; shares issued: 469,124,426 at December 31, 2022 and 467,949,351 at June 30, 2022; Class B shares authorized: 304,000,000 at December 31, 2022 and June 30, 2022; shares issued and outstanding: 125,542,029 at December 31, 2022 and 125,542,029 at June 30, 2022 6 6
Paid-in capital 6,000 5,796
Retained earnings 14,342 13,912
Accumulated other comprehensive loss (829) (762)
Stockholders' equity before treasury stock 19,519 18,952
Less: Treasury stock, at cost; 237,534,951 Class A shares at December 31, 2022 and 236,435,830 Class A shares at June 30, 2022 (13,617) (13,362)
Total stockholders’ equity – The Estée Lauder Companies Inc. 5,902 5,590
Total liabilities, redeemable noncontrolling interest and equity $ 20,731 $ 20,910