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EQUITY
6 Months Ended
Dec. 31, 2012
EQUITY  
EQUITY

NOTE 11 — EQUITY

 

 

 

Total Stockholders’ Equity — The Estée Lauder Companies Inc.

 

Non-

 

 

 

(In millions)

 

Common
Stock

 

Paid-in
Capital

 

Retained
Earnings

 

AOCI

 

Treasury
Stock

 

Total

 

controlling
Interests

 

Total
Equity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance — June 30, 2012

 

$

5.5

 

$

2,006.1

 

$

4,764.9

 

$

(212.9

)

$

(3,830.4

)

$

2,733.2

 

$

14.3

 

$

2,747.5

 

Net earnings

 

 

 

747.0

 

 

 

747.0

 

2.0

 

749.0

 

Common stock dividends - cash

 

 

 

(280.3

)

 

 

(280.3

)

(4.2

)

(284.5

)

Other comprehensive income

 

 

 

 

79.3

 

 

79.3

 

0.8

 

80.1

 

Acquisition of treasury stock

 

 

 

 

 

(281.5

)

(281.5

)

 

(281.5

)

Stock-based compensation

 

0.1

 

155.4

 

 

 

(43.0

)

112.5

 

 

112.5

 

Balance — December 31, 2012

 

$

5.6

 

$

2,161.5

 

$

5,231.6

 

$

(133.6

)

$

(4,154.9

)

$

3,110.2

 

$

12.9

 

$

3,123.1

 

 

On November 1, 2012, a dividend was declared in the amount of $.72 per share on the Company’s Class A and Class B Common Stock.  The dividend was paid in cash on December 17, 2012 to stockholders of record at the close of business on November 30, 2012.  The Company transitioned to a quarterly dividend payout schedule for its Class A and Class B Common Stock beginning in the fiscal 2013 third quarter.

 

On February 4, 2013, a dividend was declared in the amount of $.18 per share on the Company’s Class A and Class B Common Stock.  The dividend is payable in cash on March 15, 2013 to stockholders of record at the close of business on February 28, 2013.

 

Common Stock

 

During the six months ended December 31, 2012, the Company purchased approximately 5.7 million shares of its Class A Common Stock for $326.5 million.

 

On November 1, 2012, the Company’s Board of Directors authorized the repurchase of up to another 40.0 million shares of Class A Common Stock.

 

On November 9, 2012, the Company amended its Certificate of Incorporation to increase the number of authorized shares to 1,300,000,000 shares of Class A Common Stock and 304,000,000 shares of Class B Common Stock.

 

Subsequent to December 31, 2012 and through January 30, 2013, the Company repurchased approximately 0.4 million additional shares of its Class A Common Stock for $23.5 million pursuant to its share repurchase program.