SCHEDULE II - VALUATION AND QUALIFYING ACCOUNTS

12 Months Ended

Jun. 30, 2018

SCHEDULE II - VALUATION AND QUALIFYING ACCOUNTS

SCHEDULE II - VALUATION AND QUALIFYING ACCOUNTS

THE ESTÉE LAUDER COMPANIES INC.

SCHEDULE II – VALUATION AND QUALIFYING ACCOUNTS

Three Years Ended June 30, 2018

(In millions)

			Additions
Description	Balance at Beginning of Period		(1) Charged to Costs and Expenses		(2) Charged to Other Accounts		Deductions			Balance at End of Period
Reserves deducted in the balance sheet from the assets to which they apply:
Allowance for doubtful accounts and customer deductions:
Year ended June 30, 2018	$	30	$	23	$	—	$	24	(a)	$	29
Year ended June 30, 2017	$	24	$	18	$	—	$	12	(a)	$	30
Year ended June 30, 2016	$	21	$	13	$	—	$	10	(a)	$	24
Sales return accrual:
Year ended June 30, 2018	$	109	$	493	$	—	$	497	(b)	$	105
Year ended June 30, 2017	$	96	$	463	$	—	$	450	(b)	$	109
Year ended June 30, 2016	$	97	$	373	$	—	$	374	(b)	$	96
Deferred tax valuation allowance:
Year ended June 30, 2018	$	42	$	6	$	—	$	3		$	45
Year ended June 30, 2017	$	118	$	3	$	—	$	79		$	42
Year ended June 30, 2016	$	121	$	6	$	—	$	9		$	118
Accrued restructuring initiatives:
Year ended June 30, 2018	$	151	$	127	$	—	$	96		$	182
Year ended June 30, 2017	$	77	$	122	$	—	$	48		$	151
Year ended June 30, 2016	$	—	$	122	$	—	$	45		$	77

^(a) Includes amounts written-off, net of recoveries.

^(b) Represents actual returns.