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EQUITY AND REDEEMABLE NONCONTROLLING INTEREST (Tables)

3 Months Ended

Sep. 30, 2023

Equity [Abstract]

Schedule of equity

Total Stockholders’ Equity – The Estée Lauder Companies Inc.

																		Three Months Ended September 30
(In millions, except per share data)																														2023						2022
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																														6,153						5,796
Common stock dividends																														2						1
Stock-based compensation																														94						78
Paid-in capital, end of the period																														6,249						5,875
Retained earnings, beginning of the period																														13,991						13,912
Common stock dividends																														(238)						(216)
Net earnings attributable to The Estée Lauder Companies Inc.																														31						489
Retained earnings, end of the period																														13,784						14,185
Accumulated other comprehensive loss, beginning of the period																														(934)						(762)
Other comprehensive loss attributable to The Estée Lauder Companies Inc.																														(129)						(316)
Accumulated other comprehensive loss, end of the period																														(1,063)						(1,078)
Treasury stock, beginning of the period																														(13,631)						(13,362)
Acquisition of treasury stock																														—						(92)
Stock-based compensation																														(3)						(17)
Treasury stock, end of the period																														(13,634)						(13,471)
Total equity																														$	5,342					$	5,517
Redeemable noncontrolling interest, beginning of the period																														$	832					$	842
Net earnings attributable to redeemable noncontrolling interest																														5						1
Translation adjustments																														(11)						(35)
Redeemable noncontrolling interest, end of the period																														$	826					$	808
Cash dividends declared per common share																														$	.66					$	.60

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, 2023:

Date Declared

Record Date

Payable Date

Amount per Share

August 17, 2023

August 31, 2023

September 15, 2023

$

.66

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, 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, 2023						$	59					$	(15)					$	(177)					$	(801)					$	(934)
OCI before reclassifications						21						4						1						(143)			(1)			(117)
Amounts reclassified to Net earnings						(7)						(4)						(1)						—						(12)
Net current-period OCI						14						—						—						(143)						(129)
Balance at September 30, 2023						$	73					$	(15)					$	(177)					$	(944)					$	(1,063)

(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.

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, 2023 and 2022:

																		Amount Reclassified from AOCI																								Affected Line Item in Consolidated Statements of Earnings
												Three Months Ended September 30
(In millions)																		2023						2022
Gain (Loss) on Cash Flow Hedges
Foreign currency forward contracts																		$	9					$	15																	Net sales
Provision for deferred taxes																		(2)						(4)																		Provision for income taxes
																		7						11																		Net earnings
Cross-Currency Swap Contracts
Gain on cross-currency swap contracts																		5						—																		Selling, general and administrative
Provision for deferred taxes																		(1)						—																		Provision for income taxes
																		4						—
Retirement Plan and Other Retiree Benefit Adjustments
Amortization of actuarial loss																		1						—																		Other components of net periodic benefit cost (1)
Provision for deferred taxes																		—						—																		Provision for income taxes
																		1						—																		Net earnings
Total reclassification adjustments, net																		$	12					$	11																	Net earnings

(1)See Note 7 – Pension and Post-Retirement Benefit Plans for additional information.

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