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EQUITY AND REDEEMABLE NONCONTROLLING INTEREST
 9 Months Ended
Mar. 31, 2024
Equity [Abstract]  
EQUITY AND REDEEMABLE NONCONTROLLING INTEREST EQUITY AND REDEEMABLE NONCONTROLLING INTEREST
Total Stockholders’ Equity – The Estée Lauder Companies Inc.
Three Months Ended
March 31		Nine Months Ended
March 31
(In millions, except per share data)
2024202320242023
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 period6,367 6,000 6,153 5,796 
Common stock dividends2 1 5 3 
Stock-based compensation96 102 307 304 
Paid-in capital, end of the period6,465 6,103 6,465 6,103 
Retained earnings, beginning of the period13,858 14,342 13,991 13,912 
Common stock dividends(238)(237)(715)(690)
Net earnings attributable to The Estée Lauder Companies Inc.330 156 674 1,039 
Retained earnings, end of the period13,950 14,261 13,950 14,261 
Accumulated other comprehensive loss, beginning of the period(856)(829)(934)(762)
Other comprehensive loss attributable to The Estée Lauder Companies Inc.
(158)(46)(80)(113)
Accumulated other comprehensive loss, end of the period(1,014)(875)(1,014)(875)
Treasury stock, beginning of the period(13,663)(13,617)(13,631)(13,362)
Acquisition of treasury stock— — — (184)
Stock-based compensation— (1)(32)(72)
Treasury stock, end of the period(13,663)(13,618)(13,663)(13,618)
Total equity
$5,744 $5,877 $5,744 $5,877 
Redeemable noncontrolling interest, beginning of the period$850 $819 $832 $842 
Net earnings (loss) attributable to redeemable noncontrolling interest
5 (1)21 3 
Translation adjustments(15)1 (13)(26)
Redeemable noncontrolling interest, end of the period$840 $819 $840 $819 
Cash dividends declared per common share$.66 $.66 $1.98 $1.92 
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, 2024:

Date DeclaredRecord DatePayable DateAmount per Share
August 17, 2023August 31, 2023September 15, 2023$.66 
October 31, 2023November 30, 2023December 15, 2023$.66 
February 2, 2024February 29, 2024March 15, 2024$.66 

On April 30, 2024, 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 17, 2024 to stockholders of record at the close of business on May 31, 2024.

Common Stock
Beginning in December 2022, we temporarily suspended the repurchase of shares of our Class A Common Stock. We may resume repurchases in the future.
Accumulated Other Comprehensive Loss
The following table represents changes in accumulated other comprehensive loss, net of tax, by component for the nine months ended March 31, 2024:

(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 (3)
21 19 23 (103)
(1)
(40)
Amounts reclassified to Net earnings(26)(11)(3)— (40)
Net current-period OCI(5)8 20 (103)(80)
Balance at March 31, 2024$54 $(7)$(157)$(904)$(1,014)
(1)See Note 5 – 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 included in Net Cash Flow Hedge Gain (Loss), Cross-Currency Swap Contracts, Amounts Included in Net Periodic Benefit Cost and Translation Adjustments are $7 million, $5 million, $5 million, and $26 million, respectively.
The following table represents the effects of reclassification adjustments from AOCI into net earnings for the three and nine months ended March 31, 2024 and 2023:

Amount Reclassified from AOCIAffected Line Item in
Consolidated
Statements of Earnings
Three Months Ended
March 31		Nine Months Ended
March 31
(In millions)2024202320242023
Gain (Loss) on Cash Flow Hedges
Foreign currency forward contracts$15 $22 $36 $59 Net sales
Interest rate-related derivatives— (1)(1)(1)Interest expense
15 21 35 58 
Provision for income taxes
(5)(5)(9)(14)Provision for income taxes
10 16 26 44 Net earnings
Cross-Currency Swap Contracts
Gain on cross-currency swap contracts5 4 14 4 Selling, general and administrative
Provision for income taxes
(1)(1)(3)(1)Provision for income taxes
4 3 11 3 Net earnings
Retirement Plan and Other Retiree Benefit Adjustments
Amortization of prior service cost2 — 2 — 
Other components of net periodic benefit cost (1)
Amortization of actuarial gain
1 — 3 — 
Other components of net periodic benefit cost (1)
3 — 5 — 
Provision for income taxes
(1)— (2)— Provision for income taxes
2 — 3 — Net earnings
Total reclassification adjustments, net$16 $19 $40 $47 Net earnings
(1)See Note 8 – Pension and Post-Retirement Benefit Plans for additional information.