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EQUITY AND REDEEMABLE NONCONTROLLING INTEREST (Tables) | 9 Months Ended
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Mar. 31, 2025
Equity [Abstract] |
Schedule of equity | Total Stockholders’ Equity – The Estée Lauder Companies Inc.
|  | Three Months Ended March 31, |  |  |  | Nine Months Ended March 31,
(In millions, except per share data) |  | 2025 |  | 2024 |  |  |  |  |  | 2025 |  | 2024
Common stock, beginning of the period |  | $ | 6 |  |  | $ | 6 |  |  |  |  |  |  | $ | 6 |  |  | $ | 6 |
Stock-based compensation |  | — |  |  | — |  |  |  |  |  |  | — |  |  | — |
Common stock, end of the period |  | 6 |  |  | 6 |  |  |  |  |  |  | 6 |  |  | 6 |
Paid-in capital, beginning of the period |  | 6,889 |  |  | 6,367 |  |  |  |  |  |  | 6,685 |  |  | 6,153 |
Common stock dividends |  | 2 |  |  | 2 |  |  |  |  |  |  | 6 |  |  | 5 |
Stock-based compensation |  | 75 |  |  | 96 |  |  |  |  |  |  | 275 |  |  | 307 |
Paid-in capital, end of the period |  | 6,966 |  |  | 6,465 |  |  |  |  |  |  | 6,966 |  |  | 6,465 |
Retained earnings, beginning of the period |  | 12,313 |  |  | 13,858 |  |  |  |  |  |  | 13,427 |  |  | 13,991 |
Common stock dividends |  | (128) |  |  | (238) |  |  |  |  |  |  | (496) |  |  | (715) |
Net earnings (loss) attributable to The Estée Lauder Companies Inc. |  | 159 |  |  | 330 |  |  |  |  |  |  | (587) |  |  | 674 |
Retained earnings, end of the period |  | 12,344 |  |  | 13,950 |  |  |  |  |  |  | 12,344 |  |  | 13,950 |
Accumulated other comprehensive loss, beginning of the period |  | (1,341) |  |  | (856) |  |  |  |  |  |  | (1,140) |  |  | (934) |
Other comprehensive earnings (loss) attributable to The Estée Lauder Companies Inc. |  | 68 |  |  | (158) |  |  |  |  |  |  | (133) |  |  | (80) |
Accumulated other comprehensive loss, end of the period |  | (1,273) |  |  | (1,014) |  |  |  |  |  |  | (1,273) |  |  | (1,014) |
Treasury stock, beginning of the period |  | (13,698) |  |  | (13,663) |  |  |  |  |  |  | (13,664) |  |  | (13,631) |
Stock-based compensation |  | — |  |  | — |  |  |  |  |  |  | (34) |  |  | (32) |
Treasury stock, end of the period |  | (13,698) |  |  | (13,663) |  |  |  |  |  |  | (13,698) |  |  | (13,663) |
Total equity |  | $ | 4,345 |  |  | $ | 5,744 |  |  |  |  |  |  | $ | 4,345 |  |  | $ | 5,744 |
Redeemable noncontrolling interest, beginning of the period |  | $ | — |  |  | $ | 850 |  |  |  |  |  |  | $ | — |  |  | $ | 832 |
Net earnings attributable to redeemable noncontrolling interest |  | — |  |  | 5 |  |  |  |  |  |  | — |  |  | 21 |
Translation adjustments |  | — |  |  | (15) |  |  |  |  |  |  | — |  |  | (13) |
Redeemable noncontrolling interest, end of the period |  | $ | — |  |  | $ | 840 |  |  |  |  |  |  | $ | — |  |  | $ | 840 |
Cash dividends declared per common share |  | $ | .35 |  |  | $ | .66 |  |  |  |  |  |  | $ | 1.36 |  |  | $ | 1.98 |
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 nine months ended March 31, 2025:
Date Declared |  | Record Date |  | Payable Date |  | Amount per Share
August 16, 2024 |  | August 30, 2024 |  | September 16, 2024 |  | $ | .66 |
October 30, 2024 |  | November 29, 2024 |  | December 16, 2024 |  | $ | .35 |
February 3, 2025 |  | February 28, 2025 |  | March 17, 2025 |  | $ | .35 |
Schedule of components of AOCI, net of tax | The following table represents changes in accumulated other comprehensive loss, net of tax, by component for the nine months ended March 31, 2025:
(In millions) |  | Net Cash Flow Hedge Gain (Loss) |  | Cross-Currency Swap Contracts - Fair Value Hedge(2) |  | Amounts Included in Net Periodic Benefit Cost |  | Translation Adjustments |  | Total
Balance at June 30, 2024 |  | $ | 57 |  |  | $ | (5) |  |  | $ | (183) |  |  | $ | (1,009) |  |  | $ | (1,140) |
OCI before reclassifications (3) |  | 5 |  |  | 22 |  |  | — |  |  | (130) |  | (1) | (103) |
Amounts reclassified to Net loss |  | (25) |  |  | (11) |  |  | 6 |  |  | — |  |  | (30) |
Net current-period OCI |  | (20) |  |  | 11 |  |  | 6 |  |  | (130) |  |  | (133) |
Balance at March 31, 2025 |  | $ | 37 |  |  | $ | 6 |  |  | $ | (177) |  |  | $ | (1,139) |  |  | $ | (1,273) |
(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. (3)The tax provision (benefit) included in Net Cash Flow Hedge Gain (Loss), Cross-Currency Swap Contracts - Fair Value Hedge and Translation Adjustments are $1 million, $6 million, and $(3) million, respectively.
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 (loss) for the three and nine months ended March 31, 2025 and 2024:
|  | Amount Reclassified from AOCI |  |  |  |  |  | Affected Line Item in Consolidated Statements of Earnings (Loss)
|  | Three Months Ended March 31, |  | Nine Months Ended March 31, |  |  |
(In millions) |  | 2025 |  | 2024 |  | 2025 |  | 2024 |  |  |  |  |
Gain on Cash Flow Hedges |  |  |  |  |  |  |  |  |  |  |  |  |  |
Foreign currency forward contracts |  | $ | 7 |  |  | $ | 15 |  |  | $ | 31 |  |  | $ | 36 |  |  |  |  |  |  | Net sales
Interest rate contracts |  | — |  |  | — |  |  | 1 |  |  | (1) |  |  |  |  |  |  | Interest expense
Total gain on cash flow hedges, before tax |  | 7 |  |  | 15 |  |  | 32 |  |  | 35 |  |  |  |  |  |  |
Provision for income taxes |  | (1) |  |  | (5) |  |  | (7) |  |  | (9) |  |  |  |  |  |  | Provision (benefit) for income taxes
Total gain on cash flow hedges, net of tax |  | 6 |  |  | 10 |  |  | 25 |  |  | 26 |  |  |  |  |  |  | Net earnings (loss)
Cross-Currency Swap Contracts - Fair Value Hedge |  |  |  |  |  |  |  |  |  |  |  |  |  |
Gain on cross-currency swap contracts, before tax |  | 5 |  |  | 5 |  |  | 14 |  |  | 14 |  |  |  |  |  |  | Selling, general and administrative
Provision for income taxes |  | (1) |  |  | (1) |  |  | (3) |  |  | (3) |  |  |  |  |  |  | Provision (benefit) for income taxes
Total gain on cross-currency swap contracts - fair value hedge, net of tax |  | 4 |  |  | 4 |  |  | 11 |  |  | 11 |  |  |  |  |  |  | Net earnings (loss)
Retirement Plan and Other Retiree Benefit Adjustments |  |  |  |  |  |  |  |  |  |  |  |  |  |
Amortization of prior service cost |  | 1 |  |  | 2 |  |  | 4 |  |  | 2 |  |  |  |  |  |  | Other components of net periodic benefit cost
Amortization of actuarial gain (loss) |  | (4) |  |  | 1 |  |  | (11) |  |  | 3 |  |  |  |  |  |  | Other components of net periodic benefit cost
Total retirement plan and other retiree benefit adjustments, before tax |  | (3) |  |  | 3 |  |  | (7) |  |  | 5 |  |  |  |  |  |  |
Benefit (provision) for income taxes |  | — |  |  | (1) |  |  | 1 |  |  | (2) |  |  |  |  |  |  | Provision (benefit) for income taxes
Total retirement plan and other retiree benefit adjustments, net of tax |  | (3) |  |  | 2 |  |  | (6) |  |  | 3 |  |  |  |  |  |  | Net earnings (loss)
Total reclassification adjustments, net of tax |  | $ | 7 |  |  | $ | 16 |  |  | $ | 30 |  |  | $ | 40 |  |  |  |  |  |  | Net earnings (loss)

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