CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Mar. 31, 2020	Jun. 30, 2019
Current assets
Cash and cash equivalents	$ 4,876	$ 2,987
Accounts receivable, net	1,846	1,831
Inventory and promotional merchandise	2,087	2,006
Prepaid expenses and other current assets	424	388
Total current assets	9,233	7,212
Property, plant and equipment, net	2,092	2,068
Other assets
Operating lease right-of-use assets	2,446
Goodwill	1,633	1,868
Other intangible assets, net	2,190	1,203
Other assets	769	805
Total other assets	7,038	3,876
Total assets	18,363	13,156
Current liabilities
Current debt	1,527	516
Accounts payable	1,162	1,490
Operating lease liabilities	371
Other accrued liabilities	2,621	2,599
Total current liabilities	5,681	4,605
Noncurrent liabilities
Long-term debt	4,674	2,896
Long-term operating lease liabilities	2,288
Other noncurrent liabilities	1,362	1,244
Total noncurrent liabilities	8,324	4,140
Contingencies
Equity
Common stock, $.01 par value; Class A shares authorized: 1,300,000,000 at March 31, 2020 and June 30, 2019; shares issued: 451,339,096 at March 31, 2020 and 443,685,124 at June 30, 2019; Class B shares authorized: 304,000,000 at March 31, 2020 and June 30, 2019; shares issued and outstanding: 135,235,429 at March 31, 2020 and 139,537,814 at June 30, 2019	6	6
Paid-in capital	4,760	4,403
Retained earnings	10,595	9,984
Accumulated other comprehensive loss	(712)	(563)
Stockholders' equity before treasury stock	14,649	13,830
Less: Treasury stock, at cost; 226,588,577 Class A shares at March 31, 2020 and 222,120,630 Class A shares at June 30, 2019	(10,320)	(9,444)
Total stockholders’ equity – The Estée Lauder Companies Inc.	4,329	4,386
Noncontrolling interests	29	25
Total equity	4,358	4,411
Total liabilities and equity	$ 18,363	$ 13,156