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EQUITY AND REDEEMABLE NONCONTROLLING INTEREST (Tables)
6 Months Ended
Dec. 31, 2024
Equity [Abstract]  
Schedule of equity
Total Stockholders’ Equity – The Estée Lauder Companies Inc.
Three Months Ended
December 31,
Six Months Ended
December 31,
(In millions, except per share data)
2024202320242023
Common stock, beginning of the period$$$$
Stock-based compensation— — — — 
Common stock, end of the period
Paid-in capital, beginning of the period6,778 6,249 6,685 6,153 
Common stock dividends
Stock-based compensation110 117 200 211 
Paid-in capital, end of the period6,889 6,367 6,889 6,367 
Retained earnings, beginning of the period13,031 13,784 13,427 13,991 
Common stock dividends(128)(239)(368)(477)
Net earnings (loss) attributable to The Estée Lauder Companies Inc.(590)313 (746)344 
Retained earnings, end of the period12,313 13,858 12,313 13,858 
Accumulated other comprehensive loss, beginning of the period(1,057)(1,063)(1,140)(934)
Other comprehensive earnings (loss) attributable to The Estée Lauder Companies Inc.(284)207 (201)78 
Accumulated other comprehensive loss, end of the period(1,341)(856)(1,341)(856)
Treasury stock, beginning of the period(13,674)(13,634)(13,664)(13,631)
Stock-based compensation(24)(29)(34)(32)
Treasury stock, end of the period(13,698)(13,663)(13,698)(13,663)
Total equity
$4,169 $5,712 $4,169 $5,712 
Redeemable noncontrolling interest, beginning of the period$— $826 $— $832 
Net earnings attributable to redeemable noncontrolling interest
— 11 — 16 
Translation adjustments— 13 — 
Redeemable noncontrolling interest, end of the period$— $850 $— $850 
Cash dividends declared per common share$.35 $.66 $1.01 $1.32 
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 six months ended December 31, 2024:

Date DeclaredRecord DatePayable DateAmount per Share
August 16, 2024August 30, 2024September 16, 2024$.66 
October 30, 2024November 29, 2024December 16, 2024$.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 six months ended December 31, 2024:

(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)
18 12 — (208)
(1)
(178)
Amounts reclassified to Net loss(19)(7)— (23)
Net current-period OCI(1)(208)(201)
Balance at December 31, 2024$56 $— $(180)$(1,217)$(1,341)
(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 included in Net Cash Flow Hedge Gain (Loss), Cross-Currency Swap Contracts - Fair Value Hedge and Translation Adjustments are $5 million, $4 million, and $7 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 six months ended December 31, 2024 and 2023:

Amount Reclassified from AOCIAffected Line Item in
Consolidated
Statements of Earnings (Loss)
Three Months Ended
December 31,
Six Months Ended
December 31,
(In millions)2024202320242023
Gain on Cash Flow Hedges
Foreign currency forward contracts$14 $12 $24 $21 Net sales
Interest rate contracts
(1)(1)Interest expense
Total gain on cash flow hedges, before tax
15 11 25 20 
Provision for income taxes(3)(2)(6)(4)
Provision (benefit) for income taxes
Total gain on cash flow hedges, net of tax
12 19 16 
Net earnings (loss)
Cross-Currency Swap Contracts - Fair Value Hedge
Gain on cross-currency swap contracts, before tax
Selling, general and administrative
Provision for income taxes
(1)(1)(2)(2)
Provision (benefit) for income taxes
Total gain on cross-currency swap contracts - fair value hedge, net of tax
Net earnings (loss)
Retirement Plan and Other Retiree Benefit Adjustments
Amortization of prior service cost— — 
Other components of net periodic benefit cost
Amortization of actuarial gain (loss)
(3)(7)
Other components of net periodic benefit cost 
Total retirement plan and other retiree benefit adjustments, before tax
(2)(4)
Benefit (provision) for income taxes
(1)(1)
Provision (benefit) for income taxes
Total retirement plan and other retiree benefit adjustments, net of tax
(1)— (3)
Net earnings (loss)
Total reclassification adjustments, net of tax
$15 $12 $23 $24 
Net earnings (loss)