CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Dec. 31, 2016	Jun. 30, 2016
Current Assets
Cash and cash equivalents	$ 1,262	$ 914
Short-term investments	413	469
Accounts receivable, net	1,508	1,258
Inventory and promotional merchandise, net	1,278	1,264
Prepaid expenses and other current assets	328	320
Total current assets	4,789	4,225
Property, Plant and Equipment, net	1,563	1,583
Other Assets
Long-term investments	996	1,108
Goodwill	1,938	1,228
Other intangible assets, net	1,349	344
Other assets	577	735
Total other assets	4,860	3,415
Total assets	11,212	9,223
Current Liabilities
Current debt	2,143	332
Accounts payable	617	717
Other accrued liabilities	1,698	1,632
Total current liabilities	4,458	2,681
Noncurrent Liabilities
Long-term debt	1,890	1,910
Other noncurrent liabilities	1,056	1,045
Total noncurrent liabilities	2,946	2,955
Contingencies (Note 10)
Equity
Common stock, $.01 par value; Class A shares authorized: 1,300,000,000 at December 31, 2016 and June 30, 2016; shares issued: 427,123,920 at December 31, 2016 and 424,109,008 at June 30, 2016; Class B shares authorized: 304,000,000 at December 31, 2016 and June 30, 2016; shares issued and outstanding: 144,161,737 at December 31, 2016 and 144,770,237 at June 30, 2016	6	6
Paid-in capital	3,349	3,161
Retained earnings	8,178	7,693
Accumulated other comprehensive loss	(639)	(545)
Stockholders' equity before treasury stock	10,894	10,315
Less: Treasury stock, at cost; 205,150,411 Class A shares at December 31, 2016 and 201,119,435 Class A shares at June 30, 2016	(7,101)	(6,743)
Total stockholders' equity - The Estee Lauder Companies Inc.	3,793	3,572
Noncontrolling interests	15	15
Total equity	3,808	3,587
Total liabilities and equity	$ 11,212	$ 9,223