CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Sep. 30, 2017	Jun. 30, 2017
Current Assets
Cash and cash equivalents	$ 1,444	$ 1,136
Short-term investments	381	605
Accounts receivable, net	1,799	1,395
Inventory and promotional merchandise, net	1,518	1,479
Prepaid expenses and other current assets	365	349
Total current assets	5,507	4,964
Property, Plant and Equipment, net	1,695	1,671
Other Assets
Long-term investments	1,087	1,026
Goodwill	1,921	1,916
Other intangible assets, net	1,316	1,327
Other assets	676	664
Total other assets	5,000	4,933
Total assets	12,202	11,568
Current Liabilities
Current debt	552	189
Accounts payable	679	835
Other accrued liabilities	1,911	1,799
Total current liabilities	3,142	2,823
Noncurrent Liabilities
Long-term debt	3,383	3,383
Other noncurrent liabilities	924	960
Total noncurrent liabilities	4,307	4,343
Contingencies
Equity
Common stock, $.01 par value; Class A shares authorized: 1,300,000,000 at September 30, 2017 and June 30, 2017; shares issued: 431,707,987 at September 30, 2017 and 429,968,260 at June 30, 2017; Class B shares authorized: 304,000,000 at September 30, 2017 and June 30, 2017; shares issued and outstanding: 143,419,528 at September 30, 2017 and 143,762,288 at June 30, 2017	6	6
Paid-in capital	3,665	3,559
Retained earnings	8,752	8,452
Accumulated other comprehensive loss	(435)	(484)
Stockholders' equity before treasury stock	11,988	11,533
Less: Treasury stock, at cost; 206,604,964 Class A shares at September 30, 2017 and 205,627,082 Class A shares at June 30, 2017	(7,257)	(7,149)
Total stockholders' equity - The Estee Lauder Companies Inc.	4,731	4,384
Noncontrolling interests	22	18
Total equity	4,753	4,402
Total liabilities and equity	$ 12,202	$ 11,568