Adjustments to Current Assets
Adjustments to Total Assets
Adjustments to Current Liabilities
Adjustments to Total Liabilities
Adjustments to Stockholders’ Equity
Adjustments to Capitalization Table
Adjustments to Revenues
Adjustments to Reported Income

Estée Lauder Cos. Inc., adjusted current assets

US$ in millions

	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020	Jun 30, 2019	Jun 30, 2018
As Reported
Current assets	9,139)	9,298)	9,768)	8,892)	7,212)	6,168)
Adjustments
Add: Allowance for credit losses	16)	10)	20)	63)	32)	29)
After Adjustment
Adjusted current assets	9,155)	9,308)	9,788)	8,955)	7,244)	6,197)

Based on: 10-K (reporting date: 2023-06-30), 10-K (reporting date: 2022-06-30), 10-K (reporting date: 2021-06-30), 10-K (reporting date: 2020-06-30), 10-K (reporting date: 2019-06-30), 10-K (reporting date: 2018-06-30).

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Estée Lauder Cos. Inc., adjusted total assets

US$ in millions

	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020	Jun 30, 2019	Jun 30, 2018
As Reported
Total assets	23,415)	20,910)	21,971)	17,781)	13,156)	12,567)
Adjustments
Add: Operating lease right-of-use asset (before adoption of FASB Topic 842)¹	—)	—)	—)	—)	2,826)	2,777)
Add: Allowance for credit losses	16)	10)	20)	63)	32)	29)
Less: Deferred tax assets (included in Other assets)²	860)	695)	631)	443)	295)	120)
After Adjustment
Adjusted total assets	22,571)	20,225)	21,360)	17,401)	15,719)	15,253)

Based on: 10-K (reporting date: 2023-06-30), 10-K (reporting date: 2022-06-30), 10-K (reporting date: 2021-06-30), 10-K (reporting date: 2020-06-30), 10-K (reporting date: 2019-06-30), 10-K (reporting date: 2018-06-30).

¹ Operating lease right-of-use asset (before adoption of FASB Topic 842). See details »

² Deferred tax assets (included in Other assets). See details »

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Estée Lauder Cos. Inc., adjusted current liabilities

US$ in millions

	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020	Jun 30, 2019	Jun 30, 2018
As Reported
Current liabilities	6,240)	5,815)	5,298)	5,179)	4,605)	3,310)
Adjustments
Less: Current deferred revenue	323)	312)	322)	222)	314)	—)
After Adjustment
Adjusted current liabilities	5,917)	5,503)	4,976)	4,957)	4,291)	3,310)

Based on: 10-K (reporting date: 2023-06-30), 10-K (reporting date: 2022-06-30), 10-K (reporting date: 2021-06-30), 10-K (reporting date: 2020-06-30), 10-K (reporting date: 2019-06-30), 10-K (reporting date: 2018-06-30).

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Estée Lauder Cos. Inc., adjusted total liabilities

US$ in millions

	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020	Jun 30, 2019	Jun 30, 2018
As Reported
Total liabilities	16,998)	14,478)	15,023)	13,819)	8,745)	7,857)
Adjustments
Add: Operating lease liability (before adoption of FASB Topic 842)¹	—)	—)	—)	—)	2,826)	2,777)
Less: Deferred tax liabilities (included in Other noncurrent liabilities)²	620)	692)	849)	399)	—)	—)
Less: Deferred revenue	572)	362)	371)	279)	361)	—)
Less: Accrued restructuring charges	82)	125)	131)	112)	204)	182)
After Adjustment
Adjusted total liabilities	15,724)	13,299)	13,672)	13,029)	11,006)	10,452)

Based on: 10-K (reporting date: 2023-06-30), 10-K (reporting date: 2022-06-30), 10-K (reporting date: 2021-06-30), 10-K (reporting date: 2020-06-30), 10-K (reporting date: 2019-06-30), 10-K (reporting date: 2018-06-30).

¹ Operating lease liability (before adoption of FASB Topic 842). See details »

² Deferred tax liabilities (included in Other noncurrent liabilities). See details »

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Estée Lauder Cos. Inc., adjusted stockholders’ equity, The Estée Lauder Companies Inc.

US$ in millions

	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020	Jun 30, 2019	Jun 30, 2018
As Reported
Stockholders’ equity, The Estée Lauder Companies Inc.	5,585)	5,590)	6,057)	3,935)	4,386)	4,688)
Adjustments
Less: Net deferred tax assets (liabilities)¹	240)	3)	(218)	44)	295)	120)
Add: Allowance for credit losses	16)	10)	20)	63)	32)	29)
Add: Deferred revenue	572)	362)	371)	279)	361)	—)
Add: Accrued restructuring charges	82)	125)	131)	112)	204)	182)
Add: Redeemable noncontrolling interest	832)	842)	857)	—)	—)	—)
Add: Noncontrolling interests	—)	—)	34)	27)	25)	22)
After Adjustment
Adjusted total equity	6,847)	6,926)	7,688)	4,372)	4,713)	4,801)

Based on: 10-K (reporting date: 2023-06-30), 10-K (reporting date: 2022-06-30), 10-K (reporting date: 2021-06-30), 10-K (reporting date: 2020-06-30), 10-K (reporting date: 2019-06-30), 10-K (reporting date: 2018-06-30).

¹ Net deferred tax assets (liabilities). See details »

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Estée Lauder Cos. Inc., adjusted capitalization table

US$ in millions

	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020	Jun 30, 2019	Jun 30, 2018
As Reported
Current debt	997)	268)	32)	1,222)	516)	183)
Long-term debt, excluding current maturities	7,117)	5,144)	5,537)	4,914)	2,896)	3,361)
Total reported debt	8,114)	5,412)	5,569)	6,136)	3,412)	3,544)
Stockholders’ equity, The Estée Lauder Companies Inc.	5,585)	5,590)	6,057)	3,935)	4,386)	4,688)
Total reported capital	13,699)	11,002)	11,626)	10,071)	7,798)	8,232)
Adjustments to Debt
Add: Operating lease liability (before adoption of FASB Topic 842)¹	—)	—)	—)	—)	2,826)	2,777)
Add: Current operating lease liabilities²	357)	365)	379)	375)	—)	—)
Add: Long-term operating lease liabilities³	1,698)	1,868)	2,151)	2,278)	—)	—)
Adjusted total debt	10,169)	7,645)	8,099)	8,789)	6,238)	6,321)
Adjustments to Equity
Less: Net deferred tax assets (liabilities)⁴	240)	3)	(218)	44)	295)	120)
Add: Allowance for credit losses	16)	10)	20)	63)	32)	29)
Add: Deferred revenue	572)	362)	371)	279)	361)	—)
Add: Accrued restructuring charges	82)	125)	131)	112)	204)	182)
Add: Redeemable noncontrolling interest	832)	842)	857)	—)	—)	—)
Add: Noncontrolling interests	—)	—)	34)	27)	25)	22)
Adjusted total equity	6,847)	6,926)	7,688)	4,372)	4,713)	4,801)
After Adjustment
Adjusted total capital	17,016)	14,571)	15,787)	13,161)	10,951)	11,122)

Based on: 10-K (reporting date: 2023-06-30), 10-K (reporting date: 2022-06-30), 10-K (reporting date: 2021-06-30), 10-K (reporting date: 2020-06-30), 10-K (reporting date: 2019-06-30), 10-K (reporting date: 2018-06-30).

¹ Operating lease liability (before adoption of FASB Topic 842). See details »

² Current operating lease liabilities. See details »

³ Long-term operating lease liabilities. See details »

⁴ Net deferred tax assets (liabilities). See details »

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Estée Lauder Cos. Inc., adjusted net sales

US$ in millions

12 months ended:	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020	Jun 30, 2019	Jun 30, 2018
As Reported
Net sales	15,910)	17,737)	16,215)	14,294)	14,863)	13,683)
Adjustment
Add: Increase (decrease) in deferred revenue	210)	(9)	92)	(82)	(19)	—)
After Adjustment
Adjusted net sales	16,120)	17,728)	16,307)	14,212)	14,844)	13,683)

Based on: 10-K (reporting date: 2023-06-30), 10-K (reporting date: 2022-06-30), 10-K (reporting date: 2021-06-30), 10-K (reporting date: 2020-06-30), 10-K (reporting date: 2019-06-30), 10-K (reporting date: 2018-06-30).

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Estée Lauder Cos. Inc., adjusted net earnings attributable to The Estée Lauder Companies Inc.

US$ in millions

12 months ended:	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020	Jun 30, 2019	Jun 30, 2018
As Reported
Net earnings attributable to The Estée Lauder Companies Inc.	1,006)	2,390)	2,870)	684)	1,785)	1,108)
Adjustments
Add: Deferred income tax expense (benefit)¹	(186)	(149)	(230)	(143)	(66)	175)
Add: Increase (decrease) in allowance for credit losses	6)	(10)	(16)	31)	3)	(1)
Add: Increase (decrease) in deferred revenue	210)	(9)	92)	(82)	(19)	—)
Add: Increase (decrease) in accrued restructuring charges	(43)	(6)	19)	(91)	22)	31)
Add: Other comprehensive income (loss), net of tax	(186)	(321)	179)	(102)	(129)	82)
Add: Comprehensive income (loss), net of tax, attributable to noncontrolling interest	(10)	(11)	(11)	12)	9)	9)
After Adjustment
Adjusted net earnings	797)	1,884)	2,903)	309)	1,605)	1,404)

Based on: 10-K (reporting date: 2023-06-30), 10-K (reporting date: 2022-06-30), 10-K (reporting date: 2021-06-30), 10-K (reporting date: 2020-06-30), 10-K (reporting date: 2019-06-30), 10-K (reporting date: 2018-06-30).

¹ Deferred income tax expense (benefit). See details »

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Estée Lauder Cos. Inc. (NYSE:EL)

Adjustments to Financial Statements

Adjustments to Current Assets

Adjustments to Total Assets

Adjustments to Current Liabilities

Adjustments to Total Liabilities

Adjustments to Stockholders’ Equity

Adjustments to Capitalization Table

Adjustments to Revenues

Adjustments to Reported Income