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ESTEE LAUDER COMPANIES INC

CIK:0001001250|SEC Filings

CONSOLIDATED STATEMENTS OF EARNINGS (LOSS) - USD ($) shares in Millions, $ in Millions	12 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2024
Net sales	$ 15,049	$ 14,326	$ 15,608
Cost of sales	3,687	3,729	4,424
Gross profit	11,362	10,597	11,184
Operating expenses
Selling, general and administrative	9,685	9,456	9,621
Restructuring and other charges	813	481	122
Goodwill impairment	0	13	291
Impairment of other intangible assets	0	1,273	180
Total operating expenses	10,582	11,382	10,214
Operating income (loss)	780	(785)	970
Interest expense	334	357	378
Interest income and investment income, net	90	114	167
Other components of net periodic benefit cost	19	12	(13)
Earnings (loss) before income taxes	517	(1,040)	772
Provision for income taxes	335	93	363
Net earnings (loss)	182	(1,133)	409
Net earnings attributable to redeemable noncontrolling interest	0	0	(19)
Net earnings (loss) attributable to The Estée Lauder Companies Inc.	$ 182	$ (1,133)	$ 390
Net earnings (loss) attributable to The Estée Lauder Companies Inc. per common share
Basic (in dollars per share)	$ 0.50	$ (3.15)	$ 1.09
Diluted (in dollars per share)	$ 0.50	$ (3.15)	$ 1.08
Weighted-average common shares outstanding
Basic (in shares)	362.3	360.1	359.0
Diluted (in shares)	364.8	360.1	360.8
Securities Class Action
Operating expenses
Talcum litigation settlement agreements	$ 84	$ 0	$ 0
Talcum Litigation
Operating expenses
Talcum litigation settlement agreements	$ 0	$ 159	$ 0

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	12 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2024
Cash flows from operating activities
Net earnings (loss)	$ 182	$ (1,133)	$ 409
Adjustments to reconcile net earnings (loss) to net cash flows from operating activities:
Depreciation and amortization	796	829	825
Deferred income taxes	(164)	(396)	(265)
Non-cash stock-based compensation	310	304	325
Net loss on disposal of property, plant and equipment	26	19	9
Non-cash restructuring and other charges	57	20	7
Pension and post-retirement benefit expense	82	76	50
Pension and post-retirement benefit contributions	(112)	(92)	(116)
Impairment of goodwill and other intangible assets	0	1,286	471
Other adjustments and non-cash items	6	10	14
Changes in operating assets and liabilities:
Decrease (increase) in accounts receivable, net	8	230	(285)
Decrease in inventory and promotional merchandise	51	184	766
(Increase) decrease in other assets, net	(8)	(11)	15
Increase (decrease) in accounts payable	83	21	(38)
Increase (decrease) in other accrued and noncurrent liabilities	483	(41)	209
Decrease in operating lease assets and liabilities, net	(27)	(34)	(36)
Net cash flows provided by operating activities	1,773	1,272	2,360
Cash flows from investing activities
Capital expenditures	(457)	(602)	(919)
Proceeds from sale of property, plant and equipment	0	3	0
Proceeds from property, plant and equipment insurance recoveries	10	0	0
Purchases of investments	(35)	(1)	(18)
Proceeds from disposition of investments	3	0	0
Payment for acquired business	(5)	0	0
Settlement of net investment hedges	(5)	(23)	(23)
Net cash flows used for investing activities	(489)	(623)	(960)
Cash flows from financing activities
Repayments of current debt, net	0	0	(215)
Repayments of commercial paper (maturities after three months)	0	0	(785)
Proceeds from issuance of long-term debt, net	0	0	648
Repayments of long-term debt	(3)	(505)	(10)
Debt issuance costs	0	0	(4)
Payment of deferred consideration	(300)	0	0
Settlement of cross-currency swaps	116	20	18
Net proceeds from stock-based compensation transactions	53	15	40
Dividends paid to stockholders	(508)	(618)	(947)
Payments to acquire treasury stock	(70)	(35)	(35)
Payment for acquisition of noncontrolling interest	0	(21)	0
Payment for acquisition of redeemable noncontrolling interest	0	0	(745)
Net cash flows used for financing activities	(712)	(1,144)	(2,035)
Effect of exchange rate changes on Cash and cash equivalents	5	21	1
Net increase (decrease) in Cash and cash equivalents	577	(474)	(634)
Cash and cash equivalents at beginning of year	2,921	3,395	4,029
Cash and cash equivalents at end of year	$ 3,498	$ 2,921	$ 3,395

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Jun. 30, 2026	Jun. 30, 2025
Current assets
Cash and cash equivalents	$ 3,498	$ 2,921
Accounts receivable, net	1,518	1,530
Inventory and promotional merchandise	1,999	2,074
Prepaid expenses and other current assets	597	544
Total current assets	7,612	7,069
Property, plant and equipment, net	2,805	3,172
Other assets
Operating lease right-of-use assets	1,740	1,952
Goodwill	2,107	2,135
Other intangible assets, net	3,579	3,759
Other assets	1,919	1,805
Total other assets	9,345	9,651
Total assets	19,762	19,892
Current liabilities
Current debt	503	3
Accounts payable	1,578	1,497
Operating lease liabilities	399	406
Other accrued liabilities	3,751	3,529
Total current liabilities	6,231	5,435
Noncurrent liabilities
Long-term debt	6,803	7,314
Long-term operating lease liabilities	1,541	1,744
Other noncurrent liabilities	1,381	1,534
Total noncurrent liabilities	9,725	10,592
Commitments and contingencies
Equity
Common stock, $.01 par value; Class A shares authorized: 1,300,000,000 at June 30, 2026 and June 30, 2025; shares issued: 486,257,584 at June 30, 2026 and 472,541,563 at June 30, 2025; Class B shares authorized: 304,000,000 at June 30, 2026 and June 30, 2025; shares issued and outstanding: 114,507,344 at June 30, 2026 and 125,542,029 at June 30, 2025	6	6
Paid-in capital	7,378	7,012
Retained earnings	11,341	11,672
Accumulated other comprehensive loss	(1,153)	(1,127)
Stockholders' equity before treasury stock	17,572	17,563
Less: Treasury stock, at cost; 238,966,361 Class A shares at June 30, 2026 and 238,316,738 Class A shares at June 30, 2025	(13,766)	(13,698)
Total equity	3,806	3,865
Total liabilities and equity	$ 19,762	$ 19,892