EQUITY (Tables)

3 Months Ended

Sep. 30, 2019

EQUITY

Schedule of equity

	Three Months Ended
	September 30
(In millions)	2019		2018
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		4,403		3,972
Common stock dividends		1		1
Stock-based compensation		110		92
Paid-in capital, end of the period		4,514		4,065
Retained earnings, beginning of the period		9,984		9,040
Common stock dividends		(157)		(141)
Net earnings attributable to The Estée Lauder Companies Inc.		595		500
Cumulative effect of adoption of new accounting standards		(29)		(229)
Retained earnings, end of the period		10,393		9,170
Accumulated other comprehensive loss, beginning of the period		(563)		(434)
Other comprehensive income (loss)		(64)		25
Accumulated other comprehensive loss, end of the period		(627)		(409)
Treasury stock, beginning of the period		(9,444)		(7,896)
Acquisition of treasury stock		(277)		(502)
Stock-based compensation		(35)		(28)
Treasury stock, end of the period		(9,756)		(8,426)
Total stockholders’ equity – The Estée Lauder Companies Inc.		4,530		4,406
Noncontrolling interests, beginning of the period		25		22
Net earnings attributable to noncontrolling interests		3		2
Noncontrolling interests, end of the period		28		24
Total equity	$	4,558	$	4,430
Cash dividends declared per common share	$	.43	$	.38

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, 2019:

Date Declared	Record Date	Payable Date	Amount per Share
August 16, 2019	August 30, 2019	September 16, 2019	$	.43

Schedule of components of AOCI, net of tax

			Amounts
	Net Cash		Included in Net
	Flow Hedge		Periodic Benefit		Translation
(In millions)	Gain (Loss)		Cost		Adjustments			Total
Balance at June 30, 2019	$	21	$	(253)	$	(331)		$	(563)
OCI before reclassifications		8		—		(72)	(1)		(64)
Amounts reclassified to Net earnings		(10)		4		6			—
Net current-period OCI		(2)		4		(66)			(64)
Balance at September 30, 2019	$	19	$	(249)	$	(397)		$	(627)

(1) See Note 5 - Derivative Financial Instruments for gains (losses) relating to net investment hedges.

Schedule of effects of reclassification adjustments from AOCI into net earnings

	Amount Reclassified from AOCI
	Three Months Ended				Affected Line Item in
	September 30				Consolidated
(In millions)	2019		2018		Statements of Earnings
Gain (Loss) on Cash Flow Hedges
Foreign currency forward contracts	$	13	$	3	Net sales
Provision for deferred taxes		(3)		(1)	Provision for income taxes
	$	10	$	(2)	Net earnings
Amounts Included in Net Periodic Benefit Cost
Amortization of prior service cost	$	—	$	—	(1)
Amortization of actuarial loss		(5)		(3)	(1)
		(5)		(3)	Earnings before income taxes
Benefit for deferred taxes		1		1	Provision for income taxes
	$	(4)	$	(2)	Net earnings
Cumulative Translation Adjustments
Loss on liquidation of an investment in a foreign subsidiary		(6)		—	Restructuring and other charges
Total reclassification adjustments, net	$	—	$	—	Net earnings

(1) See Note 8 – Pension and Post-Retirement Benefit Plans for additional information.