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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 31, 2023
Jun. 30, 2022
Current assets    
Cash and cash equivalents $ 5,531 $ 3,957
Accounts receivable, net 1,904 1,629
Inventory and promotional merchandise 3,097 2,920
Prepaid expenses and other current assets 715 792
Total current assets 11,247 9,298
Property, plant and equipment, net 3,026 2,650
Other assets    
Operating lease right-of-use assets 1,843 1,949
Goodwill 2,468 2,521
Other intangible assets, net 3,045 3,428
Other assets 1,086 1,064
Total other assets 8,442 8,962
Total assets 22,715 20,910
Current liabilities    
Current debt 2,243 268
Accounts payable 1,520 1,822
Operating lease liabilities 357 365
Other accrued liabilities 3,580 3,360
Total current liabilities 7,700 5,815
Noncurrent liabilities    
Long-term debt 5,128 5,144
Long-term operating lease liabilities 1,734 1,868
Other noncurrent liabilities 1,457 1,651
Total noncurrent liabilities 8,319 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 March 31, 2023 and June 30, 2022; shares issued: 469,358,006 at March 31, 2023 and 467,949,351 at June 30, 2022; Class B shares authorized: 304,000,000 at March 31, 2023 and June 30, 2022; shares issued and outstanding: 125,542,029 at March 31, 2023 and 125,542,029 at June 30, 2022 6 6
Paid-in capital 6,103 5,796
Retained earnings 14,261 13,912
Accumulated other comprehensive loss (875) (762)
Stockholders' equity before treasury stock 19,495 18,952
Less: Treasury stock, at cost; 237,532,271 Class A shares at March 31, 2023 and 236,435,830 Class A shares at June 30, 2022 (13,618) (13,362)
Total stockholders’ equity – The Estée Lauder Companies Inc. 5,877 5,590
Total liabilities, redeemable noncontrolling interest and equity $ 22,715 $ 20,910