CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Jun. 30, 2018	Jun. 30, 2017
Current Assets
Cash and cash equivalents	$ 2,181	$ 1,136
Short-term investments	534	605
Accounts receivable, net	1,487	1,395
Inventory and promotional merchandise, net	1,618	1,479
Prepaid expenses and other current assets	348	349
Total current assets	6,168	4,964
Property, Plant and Equipment, net	1,823	1,671
Other Assets
Long-term investments	843	1,026
Goodwill	1,926	1,916
Other intangible assets, net	1,276	1,327
Other assets	531	664
Total other assets	4,576	4,933
Total assets	12,567	11,568
Current Liabilities
Current debt	183	189
Accounts payable	1,182	835
Other accrued liabilities	1,945	1,799
Total current liabilities	3,310	2,823
Noncurrent Liabilities
Long-term debt	3,361	3,383
Other noncurrent liabilities	1,186	960
Total noncurrent liabilities	4,547	4,343
Commitments and Contingencies
Equity
Common stock, $.01 par value; Class A shares authorized: 1,300,000,000 at June 30, 2018 and June 30, 2017; shares issued: 435,413,976 at June 30, 2018 and 429,968,260 at June 30, 2017; Class B shares authorized: 304,000,000 at June 30, 2018 and June 30, 2017; shares issued and outstanding: 143,051,679 at June 30, 2018 and 143,762,288 at June 30, 2017	6	6
Paid-in capital	3,972	3,559
Retained earnings	9,040	8,452
Accumulated other comprehensive loss	(434)	(484)
Stockholders' equity before treasury stock	12,584	11,533
Less: Treasury stock, at cost; 211,320,208 Class A shares at June 30, 2018 and 205,627,082 Class A shares at June 30, 2017	(7,896)	(7,149)
Total stockholders' equity - The Estee Lauder Companies Inc.	4,688	4,384
Noncontrolling interests	22	18
Total equity	4,710	4,402
Total liabilities and equity	$ 12,567	$ 11,568