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EQUITY AND REDEEMABLE NONCONTROLLING INTEREST
 9 Months Ended
Mar. 31, 2023
Equity [Abstract]  
EQUITY AND REDEEMABLE NONCONTROLLING INTEREST EQUITY AND REDEEMABLE NONCONTROLLING INTERESTTotal Stockholders’ Equity – The Estée Lauder Companies Inc.
Three Months Ended
March 31		Nine Months Ended
March 31
(In millions)2023202220232022
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 period6,000 5,605 5,796 5,335 
Common stock dividends1 2 3 3 
Stock-based compensation102 139 304 408 
Paid-in capital, end of the period6,103 5,746 6,103 5,746 
Retained earnings, beginning of the period14,342 13,735 13,912 12,244 
Common stock dividends(237)(217)(690)(627)
Net earnings attributable to The Estée Lauder Companies Inc.156 558 1,039 2,338 
Cumulative effect of adoption of new accounting standards— — — 121 
Retained earnings, end of the period14,261 14,076 14,261 14,076 
Accumulated other comprehensive loss, beginning of the period(829)(646)(762)(470)
Other comprehensive income (loss) attributable to The Estée Lauder Companies Inc.(46)20 (113)(156)
Accumulated other comprehensive loss, end of the period(875)(626)(875)(626)
Treasury stock, beginning of the period(13,617)(12,482)(13,362)(11,058)
Acquisition of treasury stock— (568)(184)(1,850)
Stock-based compensation(1)(2)(72)(144)
Treasury stock, end of the period(13,618)(13,052)(13,618)(13,052)
Total stockholders’ equity – The Estée Lauder Companies Inc.5,877 6,150 5,877 6,150 
Noncontrolling interests, beginning of the period— 34 — 34 
Net earnings attributable to noncontrolling interests— 3 — 8 
Translation adjustments and other, net— (1)— (6)
Noncontrolling interests, end of the period— 36 — 36 
Total equity$5,877 $6,186 $5,877 $6,186 
Redeemable noncontrolling interest, beginning of the period$819 $840 $842 $857 
Net earnings (loss) attributable to redeemable noncontrolling interest(1)12 3 12 
Translation adjustments1 14 (26)(3)
Adjustment of redeemable noncontrolling interest to redemption value— (1)— (1)
Redeemable noncontrolling interest, end of the period$819 $865 $819 $865 
Cash dividends declared per common share$.66 $.60 $1.92 $1.73 
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, 2023:

Date DeclaredRecord DatePayable DateAmount per Share
August 17, 2022August 31, 2022September 15, 2022$.60 
November 1, 2022November 30, 2022December 15, 2022$.66 
February 1, 2023February 28, 2023March 15, 2023$.66 

On May 2, 2023, 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 June 15, 2023 to stockholders of record at the close of business on May 31, 2023.

Common Stock
During the nine months ended March 31, 2023, the Company purchased approximately 1.2 million shares of its Class A Common Stock for $258 million.
Accumulated Other Comprehensive Income
The following table represents changes in AOCI, net of tax, by component for the nine months ended March 31, 2023:

(In millions)Net Cash
Flow Hedge
Gain (Loss)
Cross-Currency Swap Contracts (2)
Amounts
Included in Net Periodic Benefit Cost		Translation
Adjustments		Total
Balance at June 30, 2022$68 $— $(114)$(716)$(762)
OCI before reclassifications6 (6)— (66)
(1)
(66)
Amounts reclassified to Net earnings(44)(3)— — (47)
Net current-period OCI(38)(9)— (66)(113)
Balance at March 31, 2023$30 $(9)$(114)$(782)$(875)
(1)See Note 4 – Derivative Financial Instruments for gains (losses) relating to net investment hedges.
(2)The gain recognized in AOCI, net of tax from cross-currency swap contracts represents the amount excluded from effectiveness testing.
The following table represents the effects of reclassification adjustments from AOCI into net earnings for the three and nine months ended March 31, 2023 and 2022:

Amount Reclassified from AOCIAffected Line Item in
Consolidated
Statements of Earnings
Three Months Ended
March 31		Nine Months Ended
March 31
(In millions)2023202220232022
Gain (Loss) on Cash Flow Hedges
Foreign currency forward contracts$22 $3 $59 $(5)Net sales
Interest rate-related derivatives(1)— (1)(1)Interest expense
21 3 58 (6)
Benefit (provision) for deferred taxes(5)— (14)2 Provision for income taxes
16 3 44 (4)Net earnings
Cross-Currency Swap Contracts
Gain on cross-currency swap contracts4 — 4 — Selling, general and administrative
Provision for deferred taxes(1)— (1)— Provision for income taxes
3 — 3 — 
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)— (13)
Other components of net periodic benefit cost (1)
— (4)— (12)
Benefit for deferred taxes— 1 — 3 Provision for income taxes
— (3)— (9)Net earnings
Total reclassification adjustments, net$19 $— $47 $(13)Net earnings
(1)See Note 7 – Pension and Post-Retirement Benefit Plans for additional information.