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EQUITY (Tables)
 9 Months Ended
Mar. 31, 2020
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)
2020201920202019
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
4,615  4,162  4,403  3,972  
Common stock dividends
1  —  3  —  
Stock-based compensation
144  169  354  359  
Paid-in capital, end of the period
4,760  4,331  4,760  4,331  
Retained earnings, beginning of the period
10,775  9,586  9,984  9,040  
Common stock dividends
(174) (157) (506) (455) 
Net earnings (loss) attributable to The Estée Lauder Companies Inc.(6) 555  1,146  1,628  
Cumulative effect of adoption of new accounting standards
—  —  (29) (229) 
Retained earnings, end of the period
10,595  9,984  10,595  9,984  
Accumulated other comprehensive loss, beginning of the period
(569) (430) (563) (434) 
Other comprehensive loss(143) (68) (149) (64) 
Accumulated other comprehensive loss, end of the period
(712) (498) (712) (498) 
Treasury stock, beginning of the period
(10,253) (9,018) (9,444) (7,896) 
Acquisition of treasury stock
(65) (215) (768) (1,248) 
Stock-based compensation
(2) (2) (108) (91) 
Treasury stock, end of the period
(10,320) (9,235) (10,320) (9,235) 
Total stockholders’ equity – The Estée Lauder Companies Inc.
4,329  4,588  4,329  4,588  
Noncontrolling interests, beginning of the period
27  27  25  22  
Net earnings attributable to noncontrolling interests
2  2  9  8  
Distribution to noncontrolling interest holders
—  —  (4) —  
Other comprehensive loss—  —  (1) (1) 
Noncontrolling interests, end of the period
29  29  29  29  
Total equity
$4,358  $4,617  $4,358  $4,617  
Cash dividends declared per common share
$.48  $.43  $1.39  $1.24  
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, 2020:

Date DeclaredRecord DatePayable DateAmount per Share
August 16, 2019August 30, 2019September 16, 2019$.43  
October 30, 2019November 29, 2019December 16, 2019$.48  
February 5, 2020February 28, 2020March 16, 2020$.48  
Schedule of components of AOCI, net of tax
The following table represents changes in AOCI, net of tax, by component for the nine months ended March 31, 2020:
(In millions)
Net Cash
Flow Hedge
Gain (Loss)
Amounts
Included in Net
Periodic Benefit
Cost
Translation
Adjustments
Total
Balance at June 30, 2019$21  $(253) $(331) $(563) 
OCI before reclassifications
29  (1) 
(1)
(170) 
(2)
(142) 
Amounts reclassified to Net earnings (loss)(22) 13  2  (7) 
Net current-period OCI
7  12  (168) (149) 
Balance at March 31, 2020$28  $(241) $(499) $(712) 
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(1)Consists of foreign currency translation losses.
(2)See Note 7 – Derivative Financial Instruments for gains (losses) relating to net investment hedges.
Schedule of effects of reclassification adjustments from AOCI into net earnings
The following table represents the effects of reclassification adjustments from AOCI into net earnings (loss) for the three and nine months ended March 31, 2020 and 2019:
Amount Reclassified from AOCIAffected Line Item in
Consolidated
Statements of Earnings (Loss)
Three Months Ended
March 31		Nine Months Ended
March 31
(In millions)2020201920202019
Gain (Loss) on Investments
Gain (loss) on investments$—  $(6) $—  $(6) Other income, net
Benefit (provision) for deferred taxes—  —  —  —  Provision for income taxes
$—  $(6) $—  $(6) Net earnings (loss)
Gain (Loss) on Cash Flow Hedges
Foreign currency forward contracts$10  $8  $29  $15  Net sales
Interest rate-related derivatives—  1  —  1  Interest expense
10  9  29  16  
Benefit (provision) for deferred taxes(2) (2) (7) (4) Provision for income taxes
$8  $7  $22  $12  Net earnings (loss)
Amounts Included in Net Periodic Benefit Cost
Amortization of actuarial loss$(6) $(3) $(16) $(10) 
Earnings before income taxes (1)
Benefit for deferred taxes1  1  3  3  Provision for income taxes
$(5) $(2) $(13) $(7) Net earnings (loss)
Cumulative Translation Adjustments
Gain on previously held equity method investment$—  $—  $4  $—  Other income, net
Loss on liquidation of an investment in a foreign subsidiary—  —  (6) —  Restructuring and other charges
Gain on liquidation of an investment in a foreign subsidiary—  77  —  77  Other income, net
$—  $77  $(2) $77  Net earnings (loss)
Total reclassification adjustments, net$3  $76  $7  $76  Net earnings (loss)
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(1)See Note 10 – Pension and Post-Retirement Benefit Plans for additional information.