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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-Q
(Mark One)
☑QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended December 31, 2024.
OR
☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the transition period from                to
Commission File Number: 1-07151
CLX logo.jpg
THE CLOROX COMPANY
(Exact name of registrant as specified in its charter) 
Delaware31-0595760
(State or other jurisdiction of (I.R.S. Employer Identification No.)
incorporation or organization)
1221 Broadway, Oakland, California, 94612-1888
(Address of principal executive offices) (Zip code)
(510) 271-7000
(Registrant’s telephone number, including area code)
(Former name, former address and former fiscal year, if changed since last report)
___________________
Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading Symbol(s)Name of each exchange on which registered
Common Stock - $1.00 par valueCLXNew York Stock Exchange
 
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☑ No ☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☑ No ☐
 
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.  
Large accelerated filer☑Accelerated filer☐Non-accelerated filer☐Smaller Reporting Company☐Emerging Growth Company☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐ No ☑
 
As of January 17, 2025, there were 123,189,867 shares outstanding of the registrant’s common stock ($1.00 par value).
1

TABLE OF CONTENTS

2

PART I – FINANCIAL INFORMATION
Item 1. Financial Statements
The Clorox Company
Condensed Consolidated Statements of Earnings and Comprehensive Income (Unaudited)
(Dollars in millions, except per share data)
Three months endedSix months ended
12/31/202412/31/202312/31/202412/31/2023
Net sales$1,686 $1,990 $3,448 $3,376 
Cost of products sold948 1,124 1,903 1,978 
Gross profit738 866 1,545 1,398 
Selling and administrative expenses280 322 561 598 
Advertising costs191 186 392 351 
Research and development costs31 32 62 61 
Loss on divestiture
— — 118 — 
Pension settlement charge— 171 — 171 
Interest expense22 26 43 47 
Other (income) expense, net(23)(7)(45)5 
Earnings before income taxes
237 136 414 165 
Income tax expense
43 40 117 44 
Net earnings
194 96 297 121 
Less: Net earnings attributable to noncontrolling interests1 3 5 6 
Net earnings attributable to Clorox
$193 $93 $292 $115 
Net earnings per share attributable to Clorox
Basic net earnings per share
$1.55 $0.75 $2.36 $0.93 
Diluted net earnings per share
$1.54 $0.75 $2.34 $0.92 
Weighted average shares outstanding (in thousands)
Basic123,766 124,176 123,781 124,075 
Diluted124,662 124,620 124,669 124,635 
Comprehensive income
$160 $231 $271 $255 
Less: Total comprehensive income attributable to noncontrolling interests1 3 5 6 
Total comprehensive income attributable to Clorox
$159 $228 $266 $249 

See Notes to Condensed Consolidated Financial Statements (Unaudited)
3

The Clorox Company
Condensed Consolidated Balance Sheets
(Dollars in millions, except per share data)
12/31/20246/30/2024
(Unaudited)
ASSETS
Current assets
Cash and cash equivalents$290 $202 
Receivables, net603 695 
Inventories, net592 637 
Prepaid expenses and other current assets147 88 
Total current assets1,632 1,622 
Property, plant and equipment, net of accumulated depreciation and amortization
        of $2,831 and $2,821, respectively
1,242 1,315 
Operating lease right-of-use assets362 360 
Goodwill1,219 1,228 
Trademarks, net501 538 
Other intangible assets, net73 143 
Other assets548 545 
Total assets$5,577 $5,751 
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities
Notes and loans payable$189 $4 
Current operating lease liabilities81 84 
Accounts payable and accrued liabilities1,460 1,486 
Total current liabilities1,730 1,574 
Long-term debt2,483 2,481 
Long-term operating lease liabilities339 334 
Other liabilities882 848 
Deferred income taxes22 22 
Total liabilities5,456 5,259 
Commitments and contingencies
Stockholders’ equity
Preferred stock: $1.00 par value; 5,000,000 shares authorized; none issued or outstanding
— — 
Common stock: $1.00 par value; 750,000,000 shares authorized; 130,741,461 shares issued as of December 31, 2024 and June 30, 2024; and 123,150,847 and 124,201,807 shares outstanding as of December 31, 2024 and June 30, 2024, respectively
131 131 
Additional paid-in capital1,287 1,288 
Retained earnings68 250 
Treasury stock, at cost: 7,590,614 and 6,539,654 shares as of December 31, 2024
        and June 30, 2024, respectively
(1,346)(1,186)
Accumulated other comprehensive net (loss) income(181)(155)
Total Clorox stockholders’ (deficit) equity
(41)328 
Noncontrolling interests162 164 
Total stockholders’ equity121 492 
Total liabilities and stockholders’ equity$5,577 $5,751 

See Notes to Condensed Consolidated Financial Statements (Unaudited)
4

The Clorox Company
Condensed Consolidated Statements of Cash Flows (Unaudited)
(Dollars in millions)
Six months ended
12/31/202412/31/2023
Operating activities:
Net earnings
$297 $121 
Adjustments to reconcile net earnings to net cash provided by operations:
Depreciation and amortization107 118 
Stock-based compensation40 29 
Deferred income taxes(19)(60)
Loss on divestiture
112 — 
Pension settlement charge
— 171 
Other5 8 
Changes in:
Receivables, net64 15 
Inventories, net(12)43 
Prepaid expenses and other current assets(39)(20)
Accounts payable and accrued liabilities(138)(163)
Income taxes payable / prepaid(16)(89)
Net cash provided by operations401 173 
Investing activities:
Capital expenditures(92)(76)
Proceeds from divestiture, net of cash divested
128 — 
Other(1)20 
Net cash provided by (used for) investing activities
35 (56)
Financing activities:
Notes and loans payable, net184 195 
Treasury stock purchased(257)— 
Cash dividends paid to Clorox stockholders(302)(298)
Issuance of common stock for employee stock plans and other29 (1)
Net cash used for financing activities
(346)(104)
Effect of exchange rate changes on cash, cash equivalents and restricted cash(3)(23)
Net increase (decrease) in cash, cash equivalents and restricted cash87 (10)
Cash, cash equivalents and restricted cash:
Beginning of period207 368 
End of period$294 $358 


See Notes to Condensed Consolidated Financial Statements (Unaudited)
5

The Clorox Company
Notes to Condensed Consolidated Financial Statements (Unaudited)
(Dollars in millions, except per share data)

NOTE 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Basis of Presentation
The unaudited interim condensed consolidated financial statements for the three and six months ended December 31, 2024 and 2023, in the opinion of management, reflect all normal and recurring adjustments considered necessary for a fair presentation of the consolidated results of operations, financial position and cash flows of The Clorox Company and its controlled subsidiaries (the Company or Clorox) for the periods presented. However, the financial results for interim periods are not necessarily indicative of the results that may be expected for a full fiscal year or for any other future period. Percentage and basis point calculations are based on rounded numbers, except for per share data and the effective tax rate.
Certain information and footnote disclosures normally included in financial statements prepared in accordance with generally accepted accounting principles in the United States (U.S. GAAP) have been omitted or condensed pursuant to the rules and regulations of the U.S. Securities and Exchange Commission (SEC). The information in this report should be read in conjunction with the Company’s Annual Report on Form 10-K filed with the SEC for the fiscal year ended June 30, 2024, which includes a complete set of footnote disclosures, including the Company’s significant accounting policies.
Recently Issued Accounting Standards
Recently Issued Accounting Standards Not Yet Adopted
In November 2024, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2024-03, “Income Statement - Reporting Comprehensive Income - Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses.” These amendments primarily require enhanced quantitative and qualitative disclosures in the notes to the financial statements for specific expense categories underlying the expenses presented on the income statement. These amendments are to be applied prospectively to financial statements issued after the effective date or retrospectively to any or all periods presented in the financial statements. Early adoption is permitted. The standard will be effective for annual periods beginning after December 15, 2026, and subsequent interim periods. The Company is currently evaluating the impact that the adoption of this guidance will have on the Company’s disclosures.
In December 2023, the FASB issued ASU No. 2023-09, “Income Taxes (Topic 740): Improvements to Income Tax Disclosures.” These amendments primarily require enhanced disclosures and disaggregation of income tax information by jurisdiction in the annual income tax reconciliation and quantitative and qualitative disclosures regarding income taxes paid. These amendments are to be applied prospectively, with the option to apply the standard retrospectively, for annual periods beginning after December 15, 2024. Early adoption is permitted. The Company is currently evaluating the impact that the adoption of this guidance will have on the Company’s disclosures.
In November 2023, the FASB issued ASU No. 2023-07, “Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures.” These amendments primarily require enhanced disclosures about significant segment expenses regularly provided to the chief operating decision maker and included within each reported measure of segment profit or loss. The ASU also requires all annual disclosures currently required by Topic 280 to be included in interim periods. These amendments are to be applied retrospectively for all periods presented in the financial statements and will be effective for the annual period beginning July 1, 2024, and interim periods beginning July 1, 2025. The Company is currently evaluating the impact that the adoption of this guidance will have on the Company’s disclosures.
Recently Adopted Accounting Standards
In September 2022, the FASB issued ASU No. 2022-04, "Liabilities - Supplier Finance Programs (Subtopic 405-50): Disclosure of Supplier Finance Program Obligations.” These amendments require disclosure of the key terms of outstanding supplier finance programs and a rollforward of the related obligations. These amendments are effective for fiscal years beginning after December 15, 2022, except for the amendment on rollforward information, which is effective for fiscal years beginning after December 15, 2023. The Company adopted the standard as of July 1, 2023, except for the rollforward information which will be effective for the fiscal year ending June 30, 2025. The adoption relates to disclosures only and does not have an impact on the condensed consolidated financial statements, results of operations or cash flows.
6

NOTE 2. DIVESTITURES
Divestiture of Better Health Vitamins, Minerals and Supplements (VMS) Business
On September 10, 2024, the Company completed the divestiture of its Better Health VMS business in its entirety to an affiliate of Piping Rock Health Products, LLC. The divested business includes the Natural Vitality, NeoCell, Rainbow Light and RenewLife brands, relevant trademarks and licenses, and associated manufacturing and distribution facilities in Sunrise, Florida. The transaction reflects the Company’s commitment to continue evolving its portfolio to reduce volatility and accelerate sales growth, as well as structurally improve its margin, in service of driving more consistent and profitable growth over time. The transaction was executed pursuant to a purchase agreement. As a result of the transaction, the Company recorded an after tax loss of $118 during the six months ended December 31, 2024.
The major classes of assets and liabilities of the Better Health VMS business divested as of September 10, 2024 were as follows:
Divestiture
Working capital, net$41 
Property, plant and equipment, net59 
Trademarks, net
37 
Other intangible assets, net
58 
Other assets (1)
45 
Other liabilities(1)
Net assets divested$239 
(1) Includes net deferred tax assets of $45
The following table presents Net sales of the Better Health VMS business, which includes the financial results up to September 10, 2024, the date of sale:
Three months endedSix months ended
12/31/202412/31/202312/31/202412/31/2023
Net sales
$— $54 $38 $112 
The divestiture of the Company’s Better Health VMS business does not meet the criteria to be reported as discontinued operations in the condensed consolidated financial statements as the Company’s decision to divest this business did not represent a strategic shift that will have a major effect on the Company’s operations and financial results.
Divestiture of Argentina Business
On March 20, 2024, the Company completed the divestiture of its Argentina business. Net sales of the Argentina business for the three and six months ended December 31, 2023 were $47 and $80, respectively. Refer to Notes to Consolidated Financial Statements in the Company’s Annual Report on Form 10-K for the year ended June 30, 2024 for further information related to the Argentina business divestiture.
7

NOTE 3. AUGUST 2023 CYBERATTACK
On Monday, August 14, 2023, the Company identified unauthorized activity on some of its Information Technology (IT) systems and immediately began taking steps to stop and remediate the activity. The Company took certain systems offline, engaged third-party cybersecurity experts and implemented its business continuity plans. However, the incident resulted in wide-scale disruptions to the Company’s business operations. The impacts of these system disruptions resulted in a negative impact on net sales and earnings. The Company experienced lessening operational impacts in the second quarter of fiscal year 2024 and has since returned to normalized operations.
The Company recorded insurance recoveries of $25 and $35 in the three and six months ended December 31, 2024, respectively, and incurred incremental expenses of approximately $25 and $49 in the three and six months ended December 31, 2023, respectively, as a result of the cyberattack. The following table summarizes the recognition of (insurance recoveries) and costs in the condensed consolidated statements of earnings and comprehensive income:
Three months endedSix months ended
12/31/202412/31/202312/31/202412/31/2023
Costs of products sold
$(2)$9 $(3)$20 
Selling and administrative expenses— 16 — 29 
Other (income) expense, net
(23)— (32)— 
Total$(25)$25 $(35)$49 
The costs incurred related primarily to third-party consulting services, including IT recovery and forensic experts and other professional services incurred to investigate and remediate the attack, as well as incremental operating costs incurred from the resulting disruption to the Company’s business operations. The Company does not expect to incur significant costs related to the cyberattack in future periods. Insurance recoveries are classified consistent with the expenses to which they relate. Business interruption and other insurance recoveries that do not correspond directly to previously incurred expenses are recognized in Other (income) expense, net.
NOTE 4. SUPPLY CHAIN FINANCING PROGRAM
The Company has arranged for a global financial institution to offer a voluntary supply chain finance (SCF) program for the benefit of the Company’s suppliers. The Company’s current payment terms do not exceed 120 days in keeping with industry standards. The Company’s operating cash flows are directly impacted as a result of the extension of payment terms with suppliers. The SCF program enables suppliers to directly contract with the financial institution to receive payment from the financial institution prior to the payment terms between the Company and the supplier by selling the Company’s payables to the financial institution. Participation in the program is at the sole discretion of the supplier and the Company has no economic interest in a supplier's decision to enter into the agreement and has no direct financial relationship with the financial institution, as it relates to the SCF program. Once a supplier elects to participate in the SCF program and reaches an agreement with the financial institution, the supplier elects which individual Company invoices to sell to the financial institution. The terms of the Company’s payment obligations are not impacted by a supplier’s participation in the program and as such, the SCF program has no direct impact on the Company’s balance sheets or liquidity. The Company has not pledged any assets as security or provided guarantees under the SCF program.
All outstanding amounts related to suppliers participating in the SCF program are recorded within Accounts payable and accrued liabilities in the condensed consolidated balance sheets and the associated payments are included in operating activities within the condensed consolidated statements of cash flows. As of December 31, 2024 and June 30, 2024, the amount due to suppliers participating in the SCF program and included in Accounts payable and accrued liabilities was $218 and $205, respectively.
8

NOTE 5. RESTRUCTURING AND RELATED COSTS
Beginning in the first quarter of fiscal year 2023, the Company recognized costs related to a plan that involves streamlining its operating model to meet its objectives of driving growth and productivity. The implementation of this new model was completed in fiscal year 2024 and is expected to enhance the Company’s ability to respond more quickly to changing consumer behaviors and innovate faster.
The total restructuring and related implementation costs, net associated with the Company’s streamlined operating model are reflected in the condensed consolidated statements of earnings and comprehensive income.
Restructuring and related implementation costs for both the three and six months ended December 31, 2023 were $3, recorded within Selling and administrative expenses.
The following table reconciles the accrual for the streamlined operating model’s restructuring and related implementation costs discussed above, which are recorded within Accounts payable and accrued liabilities in the condensed consolidated balance sheets:
Employee-Related CostsOtherTotal
Accrual Balance as of June 30, 2024
$8 $11 $19 
Cash payments(7)(11)(18)
Accrual Balance as of December 31, 2024$1 $— $1 
The Company may, from time to time, decide to pursue additional restructuring-related initiatives that involve costs in future periods.
Refer to Notes to Consolidated Financial Statements in the Company’s Annual Report on Form 10-K for the year ended June 30, 2024 for further information related to the streamlined operating model.
NOTE 6. INVENTORIES, NET
Inventories, net consisted of the following as of:
12/31/20246/30/2024
Finished goods$510 $556 
Raw materials and packaging150 172 
Work in process16 9 
LIFO allowances(84)(98)
Total inventories, net$592 $639 
Less: Non-current inventories, net (1)
— 2 
Total current inventories, net$592 $637 
(1)Non-current inventories, net are recorded in Other assets.
NOTE 7. FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS
Financial Risk Management and Derivative Instruments
The Company is exposed to certain commodity, foreign currency and interest rate risks related to its ongoing business operations and uses derivative instruments to mitigate its exposure to these risks.
Commodity Price Risk Management
The Company may use commodity futures, options and swap contracts to limit the impact of price volatility on a portion of its forecasted raw material requirements. These commodity derivatives may be exchange traded or over-the-counter contracts and generally have original contractual maturities of less than 2 years. Commodity purchase and options contracts are measured at fair value using market quotations obtained from the Chicago Board of Trade commodity futures exchange and commodity derivative dealers.
9
NOTE 7. FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS (Continued)
The notional amounts of outstanding commodity derivatives, which related primarily to exposures in soybean oil used for the food business and jet fuel used for the grilling business, were $25 and $38 as of December 31, 2024 and June 30, 2024, respectively.
Foreign Currency Risk Management
The Company may also enter into certain over-the-counter derivative contracts to manage a portion of the Company’s forecasted foreign currency exposure associated with the purchase of inventory. These foreign currency contracts generally have original contractual maturities of less than 2 years. The foreign exchange contracts are measured at fair value using information quoted by foreign exchange dealers.
The notional amounts of outstanding foreign currency forward contracts used by the Company’s subsidiaries to hedge forecasted purchases of inventory were $36 and $29 as of December 31, 2024 and June 30, 2024, respectively.
Interest Rate Risk Management
The Company may enter into over-the-counter interest rate contracts to fix a portion of the benchmark interest rate prior to the anticipated issuance of fixed rate debt. These interest rate contracts generally have original contractual maturities of less than 3 years. The interest rate contracts are measured at fair value using information quoted by bond dealers.
The Company held no interest rate contracts as of both December 31, 2024 and June 30, 2024.
Commodity, Foreign Exchange and Interest Rate Derivatives
The Company designates its commodity forward, futures and options contracts for forecasted purchases of raw materials, foreign currency forward contracts for forecasted purchases of inventory and interest rate contracts for forecasted interest payments as cash flow hedges.
The effects of derivative instruments designated as hedging instruments on Other comprehensive (loss) income and Net earnings (losses) were as follows:
Gains (losses) recognized in Other comprehensive (loss) income
Three months endedSix months ended
12/31/202412/31/202312/31/202412/31/2023
Commodity purchase derivative contracts$— $(4)$(3)$(5)
Foreign exchange derivative contracts3 (2)2 (1)
Total$3 $(6)$(1)$(6)

Location of gains (losses) reclassified from Accumulated other comprehensive net (loss) income into Net earningsGains (losses) reclassified from Accumulated other comprehensive net (loss) income and recognized in Net earnings
Three months endedSix months ended
12/31/202412/31/202312/31/202412/31/2023
Commodity purchase derivative contractsCost of products sold$(2)$— $(3)$(2)
Interest rate derivative contractsInterest expense3 3 6 6 
Total$1 $3 $3 $4 
The estimated amount of the existing net gain (loss) in Accumulated other comprehensive net (loss) income as of December 31, 2024 that is expected to be reclassified into Net earnings within the next twelve months is $11.
Counterparty Risk Management and Derivative Contract Requirements
The Company utilizes a variety of financial institutions as counterparties for over-the-counter derivative instruments. The Company enters into agreements governing the use of over-the-counter derivative instruments and sets internal limits on the aggregate over-the-counter derivative instrument positions held with each counterparty. Certain terms of these agreements
10
NOTE 7. FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS (Continued)
require the Company or the counterparty to post collateral when the fair value of the derivative instruments exceeds contractually defined counterparty liability position limits. Of the over-the-counter derivative instruments in liability positions, $0 contained such terms as of both December 31, 2024 and June 30, 2024. As of both December 31, 2024 and June 30, 2024, neither the Company nor any counterparty was required to post any collateral as no counterparty liability position limits were exceeded.
Certain terms of the agreements governing the Company’s over-the-counter derivative instruments require the Company’s credit ratings, as assigned by Standard & Poor’s and Moody’s to the Company and its counterparties, to remain at a level equal to or better than the minimum of an investment grade credit rating. If the Company’s credit ratings were to fall below investment grade, the counterparties to the derivative instruments could request full collateralization on derivative instruments in net liability positions. As of both December 31, 2024 and June 30, 2024, the Company and each of its counterparties had been assigned investment grade ratings by both Standard & Poor’s and Moody’s.
Certain of the Company’s exchange traded futures and options contracts used for commodity price risk management include requirements for the Company to post collateral in the form of a cash margin account held by the Company’s broker for trades conducted on that exchange. As of both December 31, 2024 and June 30, 2024, the Company maintained cash margin balances related to exchange traded futures and options contracts of $3, which are classified as Prepaid expenses and other current assets on the condensed consolidated balance sheets.
Trust Assets
The Company holds interests in mutual funds and cash equivalents as part of trust assets related to its nonqualified deferred compensation plans. The participants in the nonqualified deferred compensation plans, who are the Company’s current and former employees, may select among certain mutual funds in which their compensation deferrals are invested in accordance with the terms of the plans and within the confines of the trusts, which hold the marketable securities. The trusts represent variable interest entities for which the Company is considered the primary beneficiary, and therefore trust assets are consolidated and included in Other assets in the condensed consolidated balance sheets. The gains and losses on the trust assets are recorded in Other (income) expense, net in the condensed consolidated statements of earnings and comprehensive income. The interests in mutual funds are measured at fair value using quoted market prices. The Company has designated these marketable securities as trading investments.
Fair Value of Financial Instruments
Financial assets and liabilities measured at fair value on a recurring basis in the condensed consolidated balance sheets are required to be classified and disclosed in one of the following three categories of the fair value hierarchy:
Level 1: Quoted market prices in active markets for identical assets or liabilities.
Level 2: Observable market-based inputs or unobservable inputs that are corroborated by market data.
Level 3: Unobservable inputs reflecting the reporting entity’s own assumptions.
As of both December 31, 2024 and June 30, 2024, the Company’s financial assets and liabilities that were measured at fair value on a recurring basis during the period included derivative financial instruments, which were classified as either Level 1 or Level 2, and trust assets to fund the Company’s nonqualified deferred compensation plans, which were classified as Level 1.









11
NOTE 7. FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS (Continued)
All of the Company’s derivative instruments qualify for hedge accounting. The following table provides information about the balance sheet classification and the fair values of the Company’s derivative instruments:
 12/31/20246/30/2024
Balance sheet
classification		Fair value
hierarchy
level		Carrying
Amount		Estimated
Fair
Value		Carrying
Amount		Estimated
Fair
Value
Assets
Commodity purchase swaps contractsPrepaid expenses and other current assets2$— $— $1 $1 
Foreign exchange forward contractsPrepaid expenses and other current assets22 2 — — 
 $2 $2 $1 $1 
Liabilities
Commodity purchase futures contractsAccounts payable and accrued liabilities1$2 $2 $2 $2 
Commodity purchase swaps contractsAccounts payable and accrued liabilities21 1 — — 
$3 $3 $2 $2 
The following table provides information about the balance sheet classification and the fair values of the Company’s other assets and liabilities for which disclosure of fair value is required:
 12/31/20246/30/2024
Balance sheet
classification		Fair value
hierarchy
level		Carrying
Amount		Estimated
Fair
Value		Carrying
Amount		Estimated
Fair
Value
Assets
Interest-bearing investments, including money market funds
Cash and cash
equivalents (1)
1$158 $158 $95 $95 
Time deposits
Cash and cash
equivalents (1)
28 8 9 9 
Trust assets for nonqualified deferred compensation plansOther assets1170 170 154 154 
 $336 $336 $258 $258 
Liabilities
Notes and loans payable
Notes and loans payable (2)
2$189 $189 $4 $4 
Long-term debt
Long-term debt (3)
22,483 2,373 2,481 2,341 
$2,672 $2,562 $2,485 $2,345 
(1)Cash and cash equivalents are composed of time deposits and other interest-bearing investments, including money market funds with original maturity dates of 90 days or less. Cash and cash equivalents are recorded at cost, which approximates fair value.
(2)Notes and loans payable are composed of outstanding U.S. commercial paper balances and/or amounts drawn on the Company’s credit agreements, all of which are recorded at cost, which approximates fair value. The weighted average effective interest rate on Notes and loan payable balances as of December 31, 2024 and June 30, 2024 were 4.67% and 5.60%, respectively.
(3)Long-term debt is recorded at cost. The fair value of Long-term debt was determined using secondary market prices quoted by corporate bond dealers, and is classified as Level 2.
12

NOTE 8. OTHER (INCOME) EXPENSE, NET
The major components of Other (income) expense, net were:
Three months endedSix months ended
12/31/202412/31/202312/31/202412/31/2023
Amortization of trademarks and other intangible assets$5 $7 $11 $15 
Trust investment (gains) losses, net1 (12)(8)(10)
Net periodic benefit (credit) cost
(4)5 (3)10 
Foreign exchange transaction (gains) losses, net (1)
2 15 3 23 
Income from equity investees(1)(1)(3)(2)
Interest income(2)(7)(5)(17)
Gain on sale-leaseback transaction (2)
— (16)— (16)
Cyberattack insurance recoveries (3)
(23)— (32)— 
Other(1)2 (8)2 
Total$(23)$(7)$(45)$5 
(1)Foreign exchange losses were primarily related to the Company’s operations in Argentina in the three and six month periods ended December 31, 2023.
(2)On December 14, 2023, the Company completed an asset sale-leaseback transaction on a warehouse in Fairfield, California. The transaction resulted in a $16 gain which was recognized in Other (income) expense, net in the Health and Wellness segment. Refer to Notes to Consolidated Financial Statements in the Company’s Annual Report on Form 10-K for the year ended June 30, 2024 for further information related to the sale-leaseback transaction.
(3)Insurance recoveries related to the August 2023 cyberattack. See Note 3 for additional details.
NOTE 9. INCOME TAXES
In determining its quarterly provision for income taxes, the Company uses an estimated annual effective tax rate, which is based on expected annual income, statutory tax rates and tax planning opportunities available in the various jurisdictions in which the Company operates. Certain significant or unusual items are separately recognized in the quarter in which they occur and can be a source of variability in the effective tax rates from quarter to quarter. The effective tax rate on earnings was 18.1% and 28.2% for the three and six months ended December 31, 2024, respectively, and 29.3% and 26.7% for the three and six months ended December 31, 2023, respectively. The lower tax rate in the current three month period compared to the prior three month period was primarily driven by an international legal entity reorganization and higher compensation deductions in the current period.
Income taxes paid, net of refunds, were $148 and $194 for the six months ended December 31, 2024 and 2023, respectively. The higher payments in the prior period were primarily driven by income tax payments for fiscal year 2023 that were deferred to fiscal year 2024 as a result of tax relief provided by the IRS due to winter storms in California.
NOTE 10. NET EARNINGS PER SHARE (EPS)
The following is the reconciliation of the weighted average number of shares outstanding (in thousands) used to calculate basic net EPS to those used to calculate diluted net EPS:
Three months endedSix months ended
12/31/202412/31/202312/31/202412/31/2023
Basic123,766124,176123,781124,075
Dilutive effect of stock options and other896444888560
Diluted124,662124,620124,669124,635
Antidilutive stock options and other8413,527 841 3,527 
Basic net earnings per share and Diluted net earnings per share are calculated on Net earnings attributable to Clorox.
13

NOTE 11. COMPREHENSIVE INCOME
The following table provides a summary of Comprehensive income for the periods indicated:
Three months endedSix months ended
12/31/202412/31/202312/31/202412/31/2023
Net earnings
$194 $96 $297 $121 
Other comprehensive income, net of tax:
Foreign currency translation adjustments(34)17 (20)6 
Net unrealized gains (losses) on derivatives1 (8)(5)(9)
Pension and postretirement benefit adjustments(1)126 (1)137 
Total other comprehensive (loss) income, net of tax(34)135 (26)134 
Comprehensive income
160 231 271 255 
Less: Total comprehensive income attributable to noncontrolling interests1 3 5 6 
Total comprehensive income attributable to Clorox
$159 $228 $266 $249 
14

NOTE 12. STOCKHOLDERS’ EQUITY
Changes in the components of Stockholders’ equity were as follows for the periods indicated:
Three months ended December 31
(Dollars in millions except per share data; shares in thousands)
Common stockAdditional paid-in capitalRetained earningsTreasury stockAccumulated
other
comprehensive
net (loss) income		Noncontrolling interestsTotal stockholders’ equity
AmountShares AmountShares
Balance as of September 30, 2023$131 130,741 $1,246 $299 $(1,219)(6,740)$(494)$168 $131 
Net earnings— — — 93 — — — 3 96 
Other comprehensive (loss) income— — — — — — 135 — 135 
Dividends to Clorox stockholders ($1.20 per share declared)
— — — (150)— — — — (150)
Dividends to noncontrolling interests— — — — — — — (6)(6)
Stock-based compensation— — 16 — — — — — 16 
Other employee stock plan activities— — (17)(1)14 79 — — (4)
Balance as of December 31, 2023$131 130,741 $1,245 $241 $(1,205)(6,661)$(359)$165 $218 
Balance as of September 30, 2024$131 130,741 $1,297 $31 $(1,252)(7,068)$(147)$164 $224 
Net earnings— — — 193 — — — 1 194 
Other comprehensive (loss) income— — — — — — (34)— (34)
Dividends to Clorox stockholders ($1.22 per share declared)
— — — (152)— — — — (152)
Dividends to noncontrolling interests— — — — — — — (3)(3)
Stock-based compensation— — 27 — — — — — 27 
Other employee stock plan activities— — (37)(4)56 383 — — 15 
Treasury stock purchased— — — — (150)(906)— — (150)
Balance as of December 31, 2024$131 130,741 $1,287 $68 $(1,346)(7,591)$(181)$162 $121 
Six months ended December 31
(Dollars in millions except per share data; shares in thousands)
Common stock
Additional paid-in capital
Retained earnings
Treasury stock
Accumulated
other
comprehensive
net (loss) income
Noncontrolling interests
Total stockholders’ equity
AmountSharesAmountShares
Balance as of June 30, 2023$131 130,741 $1,245 $583 $(1,246)(6,921)$(493)$168 $388 
Net earnings— — — 115 — — — 6 121 
Other comprehensive (loss) income— — — — — — 134 — 134 
Dividends to Clorox stockholders ($3.60 per share declared)
— — — (450)— — — — (450)
Dividends to noncontrolling interests— — — — — — — (9)(9)
Stock-based compensation— — 29 — — — — — 29 
Other employee stock plan activities— — (29)(7)41 260 — — 5 
Balance as of December 31, 2023$131 130,741 $1,245 $241 $(1,205)(6,661)$(359)$165 $218 
Balance as of June 30, 2024$131 130,741 $1,288 $250 $(1,186)(6,540)$(155)$164 $492 
Net earnings— — — 292 — — — 5 297 
Other comprehensive (loss) income— — — — — — (26)— (26)
Dividends to Clorox stockholders ($3.66 per share declared)
— — — (457)— — — — (457)
Dividends to noncontrolling interests— — — — — — — (7)(7)
Stock-based compensation— — 40 — — — — — 40 
Other employee stock plan activities— — (41)(17)97 644 — — 39 
Treasury stock purchased— — — — (257)(1,695)— — (257)
Balance as of December 31, 2024$131 130,741 $1,287 $68 $(1,346)(7,591)$(181)$162 $121 
15
NOTE 12. STOCKHOLDERS’ EQUITY (Continued)
Changes in Accumulated other comprehensive net (loss) income attributable to Clorox by component were as follows for the periods indicated:
Three months ended December 31
Foreign currency translation adjustmentsNet unrealized gains (losses) on derivativesPension and postretirement benefit adjustmentsAccumulated other comprehensive net (loss) income
Balance as of September 30, 2023$(456)$98 $(136)$(494)
Other comprehensive (loss) income before reclassifications17 (6)(7)4 
Amounts reclassified from Accumulated other comprehensive net (loss) income (1)
— (3)172 169 
Income tax benefit (expense)— 1 (39)(38)
Net current period other comprehensive (loss) income17 (8)126 135 
Balance as of December 31, 2023$(439)$90 $(10)$(359)
Balance as of September 30, 2024$(225)$79 $(1)$(147)
Other comprehensive (loss) income before reclassifications(34)3 — (31)
Amounts reclassified from Accumulated other comprehensive net (loss) income
— (1)(1)(2)
Income tax benefit (expense)
— (1)— (1)
Net current period other comprehensive (loss) income(34)1 (1)(34)
Balance as of December 31, 2024$(259)$80 $(2)$(181)
Six months ended December 31
Foreign currency translation adjustmentsNet unrealized gains (losses) on derivatives
Pension and postretirement benefit adjustments
Accumulated other comprehensive net (loss) income
Balance as of June 30, 2023$(445)$99 $(147)$(493)
Other comprehensive (loss) income before reclassifications6 (6)4 4 
Amounts reclassified from Accumulated other comprehensive net (loss) income (1)
— (4)175 171 
Income tax benefit (expense)— 1 (42)(41)
Net current period other comprehensive (loss) income6 (9)137 134 
Balance as of December 31, 2023$(439)$90 $(10)$(359)
Balance as of June 30, 2024$(239)$85 $(1)$(155)
Other comprehensive (loss) income before reclassifications(20)(1)— (21)
Amounts reclassified from Accumulated other comprehensive net (loss) income
— (3)(1)(4)
Income tax benefit (expense)
— (1)— (1)
Net current period other comprehensive (loss) income(20)(5)(1)(26)
Balance as of December 31, 2024$(259)$80 $(2)$(181)
(1)Includes recognition of pension settlement charge reclassified into Net earnings. See Note 13 for additional details.
16

NOTE 13. EMPLOYEE BENEFIT PLANS
In the second quarter of fiscal year 2024, the Company settled plan benefits of its domestic qualified pension plan (the Plan) and recorded a one-time noncash charge, net of curtailment gain, of $171 before taxes ($130 after tax) in the Company’s condensed consolidated statement of earnings and comprehensive income.
The Company continues to maintain various other retirement income plans for eligible domestic and international employees.
The following table summarizes the components of net periodic benefit (credit) cost for the Company’s remaining retirement income plans:
Three months endedSix months ended
12/31/202412/31/202312/31/202412/31/2023
Interest cost$2 $3 $3 $8 
Expected return on plan assets (1)
(1)1 (1)(2)
Amortization of unrecognized items— 1 — 3 
Curtailment gain
— (6)— (6)
Settlement (gain) loss
(4)177 (4)178 
Total$(3)$176 $(2)$181 
(1)The weighted average long-term expected rate of return on plan assets used in computing the fiscal year 2025 net periodic benefit cost is 5.8%.
The net periodic benefit (credit) cost for the Company’s retirement health care plans was ($1) for both the three and six months ended December 31, 2024 and $0 for both the three and six months ended December 31, 2023.
During both the three months ended December 31, 2024 and 2023, the Company made $2 in contributions to its domestic retirement income plans. During both the six months ended December 31, 2024 and 2023, the Company made $4 in contributions to its domestic retirement income plans.
Service cost component of the net periodic benefit cost, if any, is reflected in employee benefit costs. All other components are reflected in Other (income) expense, net.
NOTE 14. OTHER CONTINGENCIES AND GUARANTEES
Contingencies
The Company is involved in certain environmental matters, including response actions at various locations. The Company recorded liabilities totaling $28 as of both December 31, 2024 and June 30, 2024 for its share of aggregate future remediation costs related to these matters.
One matter, which accounted for $12 of the recorded liability as of both December 31, 2024 and June 30, 2024, relates to environmental costs associated with one of the Company’s former operations at a site located in Alameda County, California. In November 2016, at the request of regulators and with the assistance of environmental consultants, the Company submitted a Feasibility Study that evaluated various options for managing groundwater at the site and included estimates of the related costs. Following further discussions with the regulators in 2017, the Company recorded an undiscounted liability for costs estimated to be incurred over a 30-year period, based on one of the options in the Feasibility Study related to groundwater. In September 2021, as a result of an additional study and further discussions with regulators, the Company submitted a Soil Vapor Intrusion Report to the regulators. In January 2023, the regulators issued a new order directing the Company and the current property owner to conduct a Remedial Investigation and then prepare a Feasibility Study to evaluate and remediate impacts to soil, groundwater, soil vapor and indoor air. While the Company believes its latest estimates of remediation costs (including any related to soil, groundwater, soil vapor and indoor air impacts) are reasonable, the ultimate remediation requirements are not yet finalized and the regulators could require the Company to implement remediation actions for a longer period or take additional actions, which could include estimated undiscounted costs in the aggregate of up to approximately $28 over an estimated 30-year period, or require the Company to take different actions and incur additional costs.
Another matter in Dickinson County, Michigan, at the site of one of the Company’s former operations for which the Company is jointly and severally liable, accounted for $10 of the recorded liability as of both December 31, 2024 and June 30, 2024. This amount reflects the Company’s agreement to be liable for 24.3% of the aggregate remediation and associated costs for this matter pursuant to a cost-sharing agreement with a third party. If the third party is unable to pay its share of the response and remediation obligations, the Company may be responsible for such obligations. With the assistance of environmental consultants, the Company maintains an undiscounted liability representing its current best estimate of its share of the capital
17
NOTE 14. OTHER CONTINGENCIES AND GUARANTEES (continued)
expenditures, maintenance and other costs that may be incurred over an estimated 30-year remediation period. Although it is reasonably possible that the Company’s exposure may exceed the amount recorded for the Dickinson County matter, any amount of such additional exposures, or range of exposures, is not estimable at this time.
The Company’s estimated losses related to these matters are sensitive to a variety of uncertain factors, including the efficacy of any remediation efforts, changes in any remediation requirements and the future availability of alternative clean-up technologies. From time to time, the Company is subject to various legal proceedings, claims and other loss contingencies, including, without limitation, loss contingencies relating to contractual arrangements (including costs connected to the transition and unwinding of certain supply and manufacturing relationships), product liability, patents and trademarks, advertising, labor and employment, environmental, health and safety and other matters. With respect to these proceedings, claims and other loss contingencies, while considerable uncertainty exists, in the opinion of management at this time, the ultimate disposition of these matters, to the extent not previously provided for, will not have a material adverse effect, either individually or in the aggregate, on the Company’s condensed consolidated financial statements taken as a whole.
Guarantees
In conjunction with divestitures and other transactions, the Company has provided certain indemnifications (e.g., indemnifications for representations and warranties and retention of previously existing environmental, tax and employee liabilities) that have terms that vary in duration and in the potential amount of the total obligation and, in many circumstances, are not explicitly defined. The Company has not made, nor does it believe that it is probable that it will make, any material payments relating to its indemnifications and believes that any reasonably possible payments would not have a material adverse effect, either individually or in the aggregate, on the Company’s condensed consolidated financial statements taken as a whole.
The Company had not recorded any material liabilities on the aforementioned guarantees as of both December 31, 2024 and June 30, 2024.
The Company was a party to letters of credit of $18 as of December 31, 2024, primarily related to its insurance carriers, of which $0 had been drawn upon.
NOTE 15. SEGMENT RESULTS
The Company operates through strategic business units (SBUs) which are organized into operating segments. Operating segments are then aggregated into four reportable segments: Health and Wellness, Household, Lifestyle and International. Operating segments not aggregated into a reportable segment are reflected in Corporate and Other.
Corporate and Other includes certain non-allocated administrative costs and various other non-operating income and expenses. Assets in Corporate and Other include cash and cash equivalents, prepaid expenses and other current assets, property and equipment, operating lease right-of-use assets, other long-term assets and deferred taxes. Corporate and Other includes the results and the Better Health VMS business through the date of divestiture of September 10, 2024.
The principal measure of segment profitability used by management is segment adjusted earnings (losses) before interest and income taxes (segment adjusted EBIT). Segment adjusted EBIT is defined as earnings (losses) before income taxes excluding interest income, interest expense and other significant items that are nonrecurring or unusual (such as the pension settlement charge, incremental charges and insurance recoveries related to the August 2023 cyberattack, asset impairments, charges related to the streamlined operating model, charges related to the digital capabilities and productivity enhancements investment, significant losses/(gains) related to acquisitions / divestitures and other nonrecurring or unusual items impacting comparability).
The tables below present reportable segment information and a reconciliation of the segment information to the Company’s consolidated net sales and earnings (losses) before income taxes, with amounts that are not allocated to the reportable segments reflected in Corporate and Other.
18
NOTE 15. SEGMENT RESULTS (Continued)
Net sales
Three months endedSix months ended
12/31/202412/31/202312/31/202412/31/2023
Health and Wellness$628 $720 $1,326 $1,224 
Household446 502 893 827 
Lifestyle338 403 658 632 
International274 311 533 581 
Reportable segment total
$1,686 $1,936 $3,410 $3,264 
Corporate and Other— 54 38 112 
Total$1,686 $1,990 $3,448 $3,376 
Segment adjusted EBIT
Three months endedSix months ended
12/31/202412/31/202312/31/202412/31/2023
Health and Wellness$193 $259 $428 $363 
Household48 92 108 88 
Lifestyle70 109 136 128 
International21 32 56 66 
Reportable segment total
$332 $492 $728 $645 
Corporate and Other(74)(106)(138)(168)
Total$258 $386 $590 $477 
Interest income2 7 5 17 
Interest expense(22)(26)(43)(47)
Loss on divestiture (1)
— — (118)— 
Pension settlement charge (2)
— (171)— (171)
Cyberattack costs, net of insurance recoveries (3)
25 (25)35 (49)
Streamlined operating model (4)
— (3)— (3)
Digital capabilities and productivity enhancements investment (5)
(26)(32)(55)(59)
Earnings before income taxes
$237 $136 $414 $165 
(1)Represents loss on divestiture of the Better Health VMS business corresponding to Corporate and Other. See Note 2 for additional details related to the divestiture.
(2)Represents costs related to the settlement of the domestic qualified pension plan corresponding to Corporate and Other. See Note 13 for additional details related to the pension settlement.
(3)Represents insurance recoveries of $25 and $35 in the three and six months ended December 31, 2024, respectively, and incurred incremental expenses of approximately $25 and $49 in the three and six months ended December 31, 2023, respectively, as a result of the cyberattack. See Note 3 for additional details related to the August 2023 cyberattack. For informational purposes, the following table provides the approximate cyberattack costs and insurance recoveries corresponding to the Company’s reportable segments as a percentage of the total:
Three months endedSix months ended
12/31/202412/31/202312/31/202412/31/2023
Health and Wellness— %9 %— %15 %
Household— 11 — 11 
Lifestyle— 12 — 13 
International— 7 — 4 
Corporate and Other100 61 100 57 
Total100 %100 %100 %100 %
(4)Represents restructuring and related implementation costs, net for the streamlined operating model of $3 for both the three and six months ended December 31, 2023, corresponding to Corporate and Other.
(5)Represents expenses related to the Company’s digital capabilities and productivity enhancements investment corresponding to Corporate and Other.
19
NOTE 15. SEGMENT RESULTS (Continued)
All intersegment sales are eliminated and are not included in the Company’s reportable segments’ net sales.
Net sales to the Company’s largest customer, Walmart Inc. and its affiliates, as a percentage of consolidated net sales, were 26% for both the three and six months ended December 31, 2024, and 23% and 25% for the three and six months ended December 31, 2023, respectively.
The following table provides Net sales as a percentage of the Company’s consolidated net sales, disaggregated by operating segment, for the periods indicated:
Net sales
Three months endedSix months ended
12/31/202412/31/202312/31/202412/31/2023
Cleaning32 %31 %33 %31 %
Professional Products5 5 5 5 
Health and Wellness37 %36 %38 %36 %
Bags and Wraps12 12 12 11 
Cat Litter10 9 9 9 
Grilling5 4 5 4 
Household27 %25 %26 %24 %
Food11 11 11 10 
Water Filtration4 4 4 5 
Natural Personal Care5 5 4 4 
Lifestyle20 %20 %19 %19 %
International16 %16 %16 %17 %
Corporate and Other— %3 %1 %4 %
Total100 %100 %100 %100 %
NOTE 16. SUBSEQUENT EVENTS
Venture Agreement
The Company has an agreement with The Procter & Gamble Company (P&G) for the Company’s Glad bags and wraps business. In connection with this agreement, P&G provides research and development (R&D) support to the Glad business. As of both December 31, 2024 and June 30, 2024, P&G had a 20% interest in the venture. The Company pays a royalty to P&G for its interest in the profits, losses and cash flows, as contractually defined, of the Glad business, which is included in Cost of products sold.
The term of this agreement was to expire in January 2026, unless the parties agreed, on or prior to January 31, 2025, to further extend the term of the agreement for another seven years or agree to take some other relevant action. Since the parties jointly did not opt to further extend the term of the agreement for another seven years or agree to take some other relevant action on or before January 31, 2025, the agreement will terminate in accordance with its terms in January 2026.
Upon termination of the agreement, the Company is required to purchase P&G’s 20% interest for cash at fair value as established by predetermined valuation procedures. As of both December 31, 2024 and June 30, 2024, the estimated fair value of P&G’s interest was $531, of which $517 and $510, respectively, has been recognized and is reflected in Other liabilities. Beginning in the third quarter of fiscal year 2025, this liability is expected to be presented within current liabilities as it is reasonably expected to be settled within one year. The difference between the estimated fair value and the amount recognized, and any future changes in the fair value of P&G’s interest, is charged to Cost of products sold in accordance with the effective interest method over the remaining life of the agreement. Following termination, the Glad business will retain the exclusive core intellectual property licenses contributed by P&G on a royalty-free basis for the licensed products marketed.
20

Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations
The Clorox Company
(Dollars in millions, except per share data)
Management’s Discussion and Analysis of Financial Condition and Results of Operations (MD&A) is designed to provide a reader of The Clorox Company’s (the Company or Clorox) financial statements with a narrative from the perspective of management on the Company’s financial condition, results of operations, liquidity and certain other factors that may affect future results. The following discussion of the Company’s financial condition and results of operations should be read in conjunction with MD&A and the consolidated financial statements and related notes included in the Company’s Annual Report on Form 10-K for the fiscal year ended June 30, 2024, which was filed with the SEC on August 8, 2024, and the unaudited condensed consolidated financial statements and related notes contained in this Quarterly Report on Form 10-Q (this Report). Unless otherwise noted, MD&A compares the three and six month period ended December 31, 2024 (the current period) to the three and six month period ended December 31, 2023 (the prior period), with percentage and basis point calculations based on rounded numbers, except for per share data and the effective tax rate.
EXECUTIVE OVERVIEW
The Clorox Company is a leading multinational manufacturer and marketer of consumer and professional products with approximately 7,400 employees worldwide. The Company has operations in approximately 25 countries or territories and sells its products in more than 100 markets, primarily through mass retailers; grocery outlets; warehouse clubs; dollar stores; home hardware centers; drug, pet and military stores; third-party and owned e-commerce channels; and distributors. Clorox markets some of the most trusted and recognized consumer brand names, including its namesake bleach, cleaning and disinfecting products, Pine-Sol® and Tilex® cleaners; Liquid-Plumr® clog removers; Poett® home care products; Glad® bags and wraps; Fresh Step® cat litter; Kingsford® grilling products; Hidden Valley® dressings, dips, seasonings and sauces; Brita® water-filtration products; and Burt’s Bees® natural personal care products. The Company also markets industry-leading products and technologies for professional customers, including those sold under the CloroxPro™ and Clorox Healthcare® brand names.
The Company primarily markets its leading brands in midsized categories considered to be financially attractive. Most of the Company’s products compete with other nationally advertised brands within each category and with “private label” brands. About 80% of the Company’s sales are generated from brands that hold the No. 1 or No. 2 market share position in their categories.
The Company operates through strategic business units (SBUs) which are organized into operating segments. Operating segments are then aggregated into four reportable segments: Health and Wellness, Household, Lifestyle and International. Operating segments not aggregated into a reportable segment are reflected in Corporate and Other. The four reportable segments consist of the following:
•Health and Wellness consists of cleaning, disinfecting and professional products mainly marketed and sold in the United States. Products within this segment include home care cleaning products and laundry additives primarily under the Clorox®, Clorox2®, Pine-Sol, Scentiva®, Tilex, Liquid-Plumr, and Formula 409® brands; professional cleaning and disinfecting products under the CloroxPro and Clorox Healthcare brands; and professional food service products under the Hidden Valley brand.
•Household consists of bags and wraps, cat litter and grilling products marketed and sold in the United States. Products within this segment include bags and wraps under the Glad brand; cat litter primarily under the Fresh Step and Scoop Away® brands; and grilling products under the Kingsford brand.
•Lifestyle consists of food, water filtration and natural personal care products marketed and sold in the United States. Products within this segment include dressings, dips, seasonings and sauces, primarily under the Hidden Valley brand; water-filtration products under the Brita brand; and natural personal care products under the Burt’s Bees brand.
•International consists of products sold outside the United States. Products within this segment include laundry additives; home care products; bags and wraps; cat litter; water-filtration products; professional cleaning and disinfecting products; natural personal care products; food; grilling products and digestive health products marketed primarily under the Clorox, Glad, Poett, Brita, Burt’s Bees, Pine-Sol, Ever Clean®, Clorinda®, Chux and Fresh Step brands.
21

RECENT EVENTS AFFECTING THE COMPANY
For the fiscal quarter ended December 31, 2024, the Company continues to monitor macroeconomic conditions as a result of elevated interest rates and volatility in capital markets. These evolving challenges contributed to a highly dynamic operating environment as the Company continued its efforts to drive growth, rebuild margins and drive its transformation.
The risks of future negative impacts due to transportation, logistical or supply constraints and higher commodity costs for certain raw materials remain present, and the Company continues to experience corresponding incremental costs and gross margin pressures. For the remainder of fiscal year 2025, the Company anticipates the operating environment will remain volatile and challenging. While inflationary headwinds have moderated, consumers continue to feel pressure as continued macroeconomic uncertainty impacts spending.
The Company will continue to invest in its brands, capabilities and people to deliver consistent, profitable growth over time. The Company completed implementation of the new streamlined operating model in fiscal year 2024, which continues to generate annual cost savings in fiscal year 2025 and beyond. The recent divestitures of the Company’s Argentina and Better Health VMS businesses reflect its commitment to continue evolving its portfolio to reduce volatility, accelerate sales growth and structurally improve margins.
The Company has recovered from the August 2023 cyberattack which had significant impacts to its operations and results in fiscal year 2024. For further information on the incident, see Notes to Condensed Consolidated Financial Statements.
The impact of continued volatility in macroeconomic conditions and geopolitical instability, including ongoing conflicts in the Middle East and Ukraine, rising tensions between China and Taiwan and actual and potential shifts in U.S. and foreign trade, economic and other policies, especially in light of the change in U.S. presidential administration, have increased global macroeconomic and political uncertainty regarding the duration and resolution of the conflicts, the potential escalation of tensions and potential economic and global trade and supply chain disruptions. These factors are difficult to predict considering the rapidly evolving landscape as the Company continues to expect a variable operating environment going forward.
For further discussion, refer to Item 1.A, “Risk Factors” of this report and “Risk Factors” included in the Company’s Annual Report on Form 10-K for the fiscal year ended June 30, 2024.
22

RESULTS OF OPERATIONS
CONSOLIDATED RESULTS
Three months endedSix months ended
12/31/202412/31/2023% Change12/31/202412/31/2023% Change
Net sales$1,686 $1,990 (15)%$3,448 $3,376 2 %
Three months ended December 31, 2024
Percentage change versus the year-ago period
Reported (GAAP) Net Sales Growth / (Decrease)Reported Volume
Acquisitions & Divestitures (1)
Foreign Exchange Impact
Price/Mix/ Other (2)
Organic Sales Growth / (Decrease) (Non-GAAP) (3)
Organic Volume (4)
Health and Wellness(13)%(11)%— %— %(2)%(13)%(11)%
Household(11)(11)— — — (11)(11)
Lifestyle(16)(16)— — — (16)(16)
International (4)
(12)(12)(16)(2)2 6 6 
Total Company (4)(5)
(15)%(15)%(6)%— %— %(9)%(8)%
Six months ended December 31, 2024
Percentage change versus the year-ago period
Reported (GAAP) Net Sales Growth / (Decrease)Reported Volume
Acquisitions & Divestitures (1)
Foreign Exchange Impact
Price/Mix/Other (2)
Organic Sales Growth / (Decrease) (Non-GAAP) (3)
Organic Volume (4)
Health and Wellness8 %10 %— %— %(2)%8 %10 %
Household8 10 — — (2)8 10 
Lifestyle4 5 — — (1)4 5 
International (4)
(8)(9)(14)(2)3 8 8 
Total Company (4)(5)
2 %2 %(5)%— %— %7 %8 %
(1)The divestiture impact is calculated as net sales from the Argentina and Better Health VMS businesses after the respective sale dates in the three and six month year-ago periods.
(2)This represents the net impact on net sales growth / (decrease) from pricing actions, mix, trade promotion spending, mix from acquisitions and divestitures and other factors. In the three months ended December 31, 2024, the impact from divestiture mix was 2% and 1% for International and Total Company, respectively. In the six months ended December 31, 2024, the impact from divestiture mix was 3% and 1% for International and Total Company, respectively.
(3)Organic sales growth / (decrease) is defined as net sales growth / (decrease) excluding the effect of any acquisitions and divestitures and foreign exchange rate changes. See “Non-GAAP Financial Measures” below for reconciliation of organic sales growth / (decrease) to net sales growth / (decrease), the most directly comparable GAAP financial measure.
(4)Organic volume represents volume excluding the effect of any acquisitions and divestitures. In the three months ended December 31, 2024, the volume impact of divestitures was (18)% and (7)% for International and Total Company, respectively. In the six months ended December 31, 2024, the volume impact of divestitures was (17)% and (6)% for International and Total Company, respectively.
(5)Total Company includes Corporate and Other. Corporate and Other includes the results of the Better Health VMS business through the date of divestiture.
Net sales and volume in the current three month period both decreased by 15%, primarily due to lapping the impact of retail inventory restoration following the August 2023 cyberattack and the divestitures of the Better Health VMS and Argentina businesses.
Net sales and volume in the current six month period both increased by 2%, primarily due to lapping impacts from the August 2023 cyberattack and retail inventory restoration, partially offset by the divestitures of the Better Health VMS and Argentina businesses.
23
RESULTS OF OPERATIONS (Continued)
Three months endedSix months ended
12/31/202412/31/2023% Change12/31/202412/31/2023% Change
Gross profit$738 $866 (15)%$1,545 $1,398 11 %
Gross margin43.8 %43.5 %44.8 %41.4 %
Gross margin increased by 30 basis points in the current three month period from 43.5% to 43.8%. The increase was primarily driven by cost savings and the benefits from the divestitures of the Better Health VMS and Argentina businesses, partially offset by lower volume and higher manufacturing and logistics costs.
Gross margin increased by 340 basis points in the current six month period from 41.4% to 44.8%. The increase was primarily driven by cost savings, higher volume and the benefits from the divestitures of the Better Health VMS and Argentina businesses.

Expenses
Three months ended
% of Net Sales
12/31/202412/31/2023% Change12/31/202412/31/2023
Selling and administrative expenses$280 $322 (13)%16.6 %16.2 %
Advertising costs191 186 3 11.3 9.3 
Research and development costs31 32 (3)1.8 1.6 
Six months ended
% of Net Sales
12/31/202412/31/2023% Change12/31/202412/31/2023
Selling and administrative expenses$561 $598 (6)%16.3 %17.7 %
Advertising costs392 351 12 11.4 10.4 
Research and development costs62 61 2 1.8 1.8 
Selling and administrative expenses, as a percentage of net sales, increased by 40 basis points and decreased by 140 basis points in the current three and six month periods, respectively, while dollars decreased in both the current three and six month periods. The dollar decrease in selling and administrative expenses in the current three month period was primarily due to incremental costs resulting from the cyberattack in the prior period and the impact from the divestitures in the current period. The dollar decrease in selling and administrative expenses in the current six month period was primarily due to incremental costs resulting from the cyberattack and an arbitral decision related to a commercial dispute in the prior period. For further information on the cyberattack, see Notes to Condensed Consolidated Financial Statements.
Advertising costs, as a percentage of net sales, increased by 200 basis and 100 basis points in the current three and six month periods, respectively, versus the prior periods. The dollar increase in advertising costs reflects the Company’s continued support behind its brands. The Company’s U.S. retail advertising spend as a percentage of net sales increased from 10% to 12% versus the prior three month period.
Research and development costs, both as a percentage of net sales and dollars, were essentially flat in both the current three and six month period as compared to the prior periods. The Company continues to invest behind product innovation and cost savings.
24
RESULTS OF OPERATIONS (Continued)
Loss on divestiture, pension settlement charge, interest expense, other (income) expense, net and the effective tax rate on earnings
Three months endedSix months ended
12/31/202412/31/202312/31/202412/31/2023
Loss on divestiture$— $— $118 $— 
Pension settlement charge
— 171 — 171 
Interest expense22 26 43 47 
Other (income) expense, net(23)(7)(45)5 
Effective tax rate on earnings
18.1 %29.3 %28.2 %26.7 %
Loss on divestiture of $118 in the current six month period reflects the loss on the divestiture of the Better Health VMS business. See Notes to Condensed Consolidated Financial Statements for further information.
Pension settlement charge of $171 in both the prior three and six month periods reflected the settlement of the domestic qualified pension plan. See Notes to Condensed Consolidated Financial Statements for further information.
Other (income) expense, net was ($23) and ($7) in the current and prior three month periods, respectively, and ($45) and $5 in the current and prior six month periods, respectively. The variance between the current and prior three month periods was primarily due to the benefit of insurance recoveries related to the cyberattack in the current period. The variance between the current and prior six month periods was primarily due to the benefit of insurance recoveries related to the cyberattack in the current period and unfavorable foreign exchange rates primarily related to Argentina in the prior period. For further information on the cyberattack, see Notes to Condensed Consolidated Financial Statements.
The effective tax rate on earnings was 18.1% and 28.2% for the current three and six month periods, respectively, and 29.3% and 26.7% for the prior three and six month periods, respectively. The lower tax rate on earnings in the current three month period compared to the prior period was primarily driven by an international legal entity reorganization and higher compensation deductions in the current period.
Diluted net earnings per share
Three months endedSix months ended
12/31/202412/31/2023% Change12/31/202412/31/2023% Change
Diluted net earnings per share
$1.54 $0.75 105 %$2.34 $0.92 154 %
Diluted net earnings per share (EPS) increased by $0.79, or 105%, in the current three month period, primarily due to the pension settlement charge and cyberattack expenses in the prior period, and the benefits of cyberattack insurance recoveries and cost savings in the current period, partially offset by lower net sales in the current period.
Diluted EPS increased by $1.42, or 154%, in the current six month period, primarily due to the pension settlement charge in the prior period and higher net sales, the benefits of cyberattack insurance recoveries and cost savings in the current period, partially offset by the loss relating to the divestiture of the Better Health VMS business and higher advertising investments in the current period.
25

SEGMENT RESULTS
The following presents the results of the Company’s reportable segments and Corporate and Other. See Notes to Condensed Consolidated Financial Statements for further discussion of the principal measure of segment profitability used by management, segment adjusted earnings before interest and income taxes (segment adjusted EBIT):
Net sales
Three months endedSix months ended
12/31/202412/31/202312/31/202412/31/2023
Health and Wellness$628 $720 $1,326 $1,224 
Household446 502 893 827 
Lifestyle338 403 658 632 
International274 311 533 581 
Reportable segment total
1,686 1,936 3,410 3,264 
Corporate and Other— 54 38 112 
Total$1,686 $1,990 $3,448 $3,376 
Segment adjusted EBIT (1)
Three months endedSix months ended
12/31/202412/31/202312/31/202412/31/2023
Health and Wellness$193 $259 $428 $363 
Household489210888
Lifestyle70109136128
International21325666
Reportable segment total
332492728645
Corporate and Other(74)(106)(138)(168)
Total$258 $386 $590 $477 
Interest income27517
Interest expense(22)(26)(43)(47)
Loss on divestiture
——(118)—
Pension settlement charge
—(171)—(171)
Cyberattack costs, net of insurance recoveries
25(25)35(49)
Streamlined operating model —(3)—(3)
Digital capabilities and productivity enhancements investment(26)(32)(55)(59)
Earnings before income taxes
$237 $136 $414 $165 
(1)See “Non-GAAP Financial Measures” below for reconciliation of segment adjusted EBIT to earnings before income taxes, the most directly comparable GAAP financial measure.
26
SEGMENT RESULTS (Continued)
Health and Wellness
Three months endedSix months ended
12/31/202412/31/2023% Change12/31/202412/31/2023% Change
Net sales$628 $720 (13)%$1,326 $1,224 8 %
Segment adjusted EBIT193 259 (25)428 363 18 
Volume, net sales and segment adjusted EBIT decreased by 11%, 13% and 25%, respectively, during the current three month period. The volume decrease was primarily due to lapping the impact of retail inventory restoration following the cyberattack. The variance between volume and net sales was primarily due to unfavorable mix. The decrease in segment adjusted EBIT was primarily due to lower net sales.
Volume, net sales and segment adjusted EBIT increased by 10%, 8% and 18%, respectively, during the current six month period. The volume increase was primarily due to lapping impacts from the cyberattack and retail inventory restoration. The variance between volume and net sales was primarily due to unfavorable mix. The increase in segment adjusted EBIT in the current period was primarily due to higher net sales and cost savings.
Household
Three months endedSix months ended
12/31/202412/31/2023% Change12/31/202412/31/2023% Change
Net sales$446 $502 (11)%$893 $827 8 %
Segment adjusted EBIT48 92 (48)108 88 23 
Both volume and net sales decreased by 11%, and segment adjusted EBIT decreased by 48% during the current three month period. The volume decrease was primarily due to lapping the impact of retail inventory restoration following the cyberattack. The decrease in segment adjusted EBIT was mainly due to lower net sales and higher manufacturing and logistics costs, partially offset by cost savings.
Volume, net sales and segment adjusted EBIT increased by 10%, 8%, and 23% respectively, during the current six month period. The volume increase was primarily due to lapping impacts from the cyberattack and retail inventory restoration. The variance between volume and net sales was primarily due to unfavorable mix. The increase in segment adjusted EBIT was mainly due to cost savings and higher net sales, partially offset by higher advertising investments, unfavorable commodity costs and higher manufacturing and logistics costs.
Lifestyle
Three months endedSix months ended
12/31/202412/31/2023% Change12/31/202412/31/2023% Change
Net sales$338 $403 (16)%$658 $632 4 %
Segment adjusted EBIT70 109 (36)136 128 6 

Both volume and net sales decreased by 16%, and segment adjusted EBIT decreased by 36% during the current three month period. The volume decrease was primarily due to lapping the impact of retail inventory restoration following the cyberattack. The decrease in segment adjusted EBIT was primarily due to lower net sales.
Volume, net sales and segment adjusted EBIT increased by 5%, 4% and 6% respectively, during the current six month period. The volume increase was primarily due to lapping impacts from the cyberattack and retail inventory restoration. The variance between volume and net sales was mainly due to unfavorable mix. The increase in segment adjusted EBIT was primarily due to higher net sales, partially offset by higher advertising investments.

27
SEGMENT RESULTS (Continued)
International
Three months endedSix months ended
12/31/202412/31/2023% Change12/31/202412/31/2023% Change
Net sales$274 $311 (12)%$533 $581 (8)%
Segment adjusted EBIT21 32 (34)56 66 (15)
Both volume and net sales decreased by 12%, and segment adjusted EBIT decreased by 34% during the current three month period. The decrease in both volume and segment adjusted EBIT were primarily due to the Argentina divestiture.
Volume, net sales and segment adjusted EBIT decreased by 9%, 8% and 15% respectively, in the current six month period. The volume decrease was primarily due to the Argentina divestiture partially offset by lapping impacts from the cyberattack and retail inventory restoration. The variance between volume and net sales was mainly due to favorable price mix, partially offset by unfavorable foreign exchange rates. The decrease in segment adjusted EBIT was primarily due to the Argentina divestiture.
Corporate and Other
Corporate and Other includes certain non-allocated administrative costs, the Better Health VMS business through the date of divestiture and various other non-operating income and expenses.
Three months endedSix months ended
12/31/202412/31/2023% Change12/31/202412/31/2023% Change
Net Sales
$— $54 (100)%$38 $112 (66)%
Segment adjusted EBIT(74)(106)30 (138)(168)18 
Net sales decreased by 100% and 66% in the current three and six month periods, respectively, due to the divestiture of the Better Health VMS business in the first quarter of fiscal year 2025.
Segment adjusted EBIT increased by 30% and 18% in the current three and six month periods, respectively. The increase in segment adjusted EBIT in the current three month period was primarily due to foreign exchange losses on Corporate and Other assets related to operations in Argentina in the prior period and lower Better Health VMS operating expenses in the current period due to the divestiture. The increase in segment adjusted EBIT in the current six month period was primarily due to foreign exchange losses on Corporate and Other assets related to operations in Argentina in the prior period.
On September 10, 2024, the Company completed the divestiture of its Better Health VMS business. See Notes to Condensed Consolidated Financial Statements for further information.
FINANCIAL POSITION AND LIQUIDITY
The Company’s financial condition and liquidity remained strong as of December 31, 2024. The following table summarizes cash activities:
Six months ended
12/31/202412/31/2023
Net cash provided by operations$401 $173 
Net cash provided by (used for) investing activities
35 (56)
Net cash used for financing activities
(346)(104)
Operating Activities
Net cash provided by operations was $401 in the current six month period, compared with $173 in the prior six month period. The increase was primarily driven by higher cash earnings, lower incentive compensation payments, and lower tax payments; partially offset by an increase in working capital all in the current six month period. The increase in working capital in the current six month period is primarily driven by an increase in inventory due to higher shipments in the prior six month period from the cyberattack recovery and an increase in accounts payable and accrued liabilities due to the timing of payments; partially offset by a decrease in accounts receivable due to higher sales in the prior six month period from the cyberattack recovery.
Payment Terms Extension and Supply Chain Financing
The Company has arranged for a global financial institution to offer a voluntary supply chain finance (SCF) program for the benefit of the Company’s suppliers. The Company’s current payment terms do not exceed 120 days in keeping with industry
28
FINANCIAL POSITION AND LIQUIDITY (Continued)
standards. The Company’s operating cash flows are directly impacted as a result of the extension of payment terms with suppliers. There would not be an expected material impact to the Company’s liquidity or capital resources if the financial institution or a supplier terminated the SCF arrangement. While the Company does not have direct access to information on, or influence over, which invoices a participating supplier elects to sell to the financial institution, the Company expects that the majority of these amounts have been sold to the financial institution. Refer to the Notes to Condensed Consolidated Financial Statements for detail on the SCF program.
Investing Activities
Net cash provided by investing activities was $35 in the current six month period, compared with net cash used of $56 in the prior six month period. The year-over-year change was mainly due to net proceeds from the sale of the Better Health VMS business in the current six month period partially offset by the cash proceeds from a sale-leaseback transaction in the prior six month period.
Financing Activities
Net cash used by financing activities was $346 in the current six month period, compared with $104 in the prior six month period. The year-over-year change was mainly due to higher treasury stock purchases in the current six month period.
Capital Resources and Liquidity
The Company's current liabilities may periodically exceed current assets as a result of the Company's debt management policies, including the Company's use of commercial paper borrowings which fluctuates depending on the amount and timing of operating and investing cash flows and payments for shareholder transactions such as dividends and share repurchases.
Notwithstanding potential unforeseen adverse market conditions and as part of the Company’s regular assessment of its cash needs, the Company believes it will have the funds necessary to support its short- and long-term liquidity and operating needs, including its digital capabilities and productivity enhancements investment based on its anticipated ability to generate positive cash flows from operations in the future, access to capital markets enabled by our strong short-term and long-term credit ratings and current borrowing availability.
Credit Arrangements
As of December 31, 2024 the Company maintained a $1,200 revolving credit agreement that matures in March 2027 (the Credit Agreement). There were no borrowings under the Credit Agreement as of both December 31, 2024 and June 30, 2024, and the Company believes that borrowings under the Credit Agreement are and will continue to be available for general corporate purposes. The Credit Agreement includes certain restrictive covenants and limitations. The primary restrictive covenant is a minimum ratio of 4.0, calculated as total earnings before interest, taxes, depreciation and amortization and other similar noncash charges and certain other items (Consolidated EBITDA) to total interest expense for the trailing four quarters (Interest Coverage ratio), as defined and described in the Credit Agreement.
The Company was in compliance with all restrictive covenants and limitations in the Credit Agreement as of December 31, 2024 and anticipates being in compliance with all restrictive covenants for the foreseeable future.
As of December 31, 2024, the Company maintained $34 of foreign and other credit lines, of which $6 was outstanding.
Stock Repurchases and Dividend Payments
As of December 31, 2024, the Company had two stock repurchase programs: an open-market purchase program with an authorized aggregate purchase amount of up to $2,000, which has no expiration date, and a program to offset the anticipated impact of dilution related to stock-based awards (the Evergreen Program), which has no authorization limit on the dollar amount and no expiration date. During the three and six months ended December 31, 2024, the Company repurchased 906 and 1,695 thousand shares of common stock at a cost of $150 and $257, respectively. There were no share repurchases of common stock during both the three and six months ended December 31, 2023.
Dividends per share declared and total dividends paid to Clorox stockholders were as follows for the periods indicated:
Three months endedSix months ended
12/31/202412/31/202312/31/202412/31/2023
Dividends per share declared$1.22 $1.20 $3.66 $3.60 
Total dividends paid151 149 302 298 
29

CONTINGENCIES
See Notes to Condensed Consolidated Financial Statements for information on the Company’s contingencies.

RECENTLY ISSUED ACCOUNTING STANDARDS
See Notes to Condensed Consolidated Financial Statements for a summary of recently issued accounting standards relevant to the Company.

30

NON-GAAP FINANCIAL MEASURES
The non-GAAP financial measures that are included in this MD&A and the reasons management believes they are useful to investors are described below. Certain non-GAAP financial measures may be considered in determining incentive compensation. These measures should be considered supplemental in nature and are not intended to be a substitute for the related financial information prepared in accordance with U.S. GAAP. In addition, these measures may not be the same as similarly named measures presented by other companies.
Adjusted earnings (losses) before interest and income taxes (adjusted EBIT) represents earnings (losses) before income taxes excluding interest income, interest expense and other significant items that are nonrecurring or unusual (such as the pension settlement charge, incremental costs and insurance recoveries related to the August 2023 cyberattack, asset impairments, charges related to the streamlined operating model, charges related to the digital capabilities and productivity enhancements investment, significant losses/(gains) related to acquisitions / divestitures and other nonrecurring or unusual items impacting comparability). The Company uses this measure to assess the operating results and performance of its segments, perform analytical comparisons, identify strategies to improve performance, and allocate resources to each segment. Management believes that the presentation of adjusted EBIT is useful to investors to assess operating performance on a consistent basis by removing the impact of the items that management believes does not directly reflect the performance of each segment's underlying operations. Adjusted EBIT margin is the ratio of adjusted EBIT to net sales.
Reconciliation of earnings (losses) before income taxes to adjusted EBIT
Three months endedSix months ended
12/31/202412/31/202312/31/202412/31/2023
Earnings before income taxes
$237 $136 $414 $165 
Interest income(2)(7)(5)(17)
Interest expense22 26 43 47 
Loss on divestiture (1)
— — 118 — 
Pension settlement charge (2)
— 171 — 171 
Cyberattack costs, net of insurance recoveries (3)
(25)25 (35)49 
Streamlined operating model (4)
— 3 — 3 
Digital capabilities and productivity enhancements investment (5)
26 32 55 59 
Adjusted EBIT$258 $386 $590 $477 
(1)Represents loss related to the divestiture of the Better Health VMS business. Due to the nature, scope and magnitude of these costs, the Company’s management believes presenting these costs as an adjustment in the non-GAAP results provides additional information to investors about trends in the Company’s operations and is useful for period over period comparisons. It also allows investors to view underlying operating results in the same manner as they are viewed by Company management. See Notes to Condensed Consolidated Financial Statements for additional information.
(2)Represents costs related to the settlement of the domestic qualified pension plan. Due to the nature, scope and magnitude of these costs, the Company’s management believes presenting these costs as an adjustment in the non-GAAP results provides additional information to investors about trends in the Company’s operations and is useful for period over period comparisons. It also allows investors to view underlying operating results in the same manner as they are viewed by Company management. See Notes to Condensed Consolidated Financial Statements for additional information.
(3)Represents incremental costs and insurance recoveries incurred as a result of the August 2023 cyberattack the Company experienced beginning in the first quarter of fiscal year 2024. Due to the nature, scope and magnitude of these costs and recoveries, the Company’s management believes presenting these costs as an adjustment in the non-GAAP results provides additional information to investors about trends in the Company’s operations and is useful for period over period comparisons. It also allows investors to view underlying operating results in the same manner as they are viewed by Company management. See Notes to Condensed Consolidated Financial Statements for additional information.
(4)Represents restructuring and related implementation costs, net for the streamlined operating model. Due to the nonrecurring and unusual nature of these costs, the Company's management believes presenting these costs as an adjustment in the non-GAAP results provides additional information to investors about trends in the Company's operations and is useful for period over period comparisons. It also allows investors to view underlying operating results in the same manner as they are viewed by Company management. See Notes to Condensed Consolidated Financial Statements for additional information.
(5)Represents expenses related to the Company's digital capabilities and productivity enhancements investment. Due to the nature, scope and magnitude of this investment, these costs are considered by management to represent incremental transformational costs above the historical normal level of spending for information technology to support operations. Since these strategic investments, including incremental operating costs, will cease at the end of the investment period, are not expected to recur in the foreseeable future and are not considered representative of the Company's underlying operating performance, the Company's management believes presenting these costs as an adjustment in the non-GAAP results provides additional information to investors about trends in the Company's operations and is useful for period-over-period comparisons. It also allows investors to view underlying operating results in the same manner as they are viewed by Company management.
Of the total investment, approximately 70% is expected to represent incremental operating costs primarily recorded within selling and administrative expenses to be adjusted from reported earnings before income taxes for purposes of disclosing adjusted EBIT over the course of the next five years. About
31
NON-GAAP FINANCIAL MEASURES (Continued)
70% of these operating costs are expected to be related to the implementation of the ERP, with the remaining costs primarily related to the implementation of complementary technologies.
During the three and six months ended December 31, 2024, the Company incurred approximately $26 and $55, respectively, and during the three and six months ended December 31, 2023, the Company incurred approximately $32 and $59, respectively, of operating expenses related to its digital capabilities and productivity enhancements investment. The expenses relate to the following:
Three months endedSix months ended
12/31/202412/31/202312/31/202412/31/2023
External consulting fees (1)
$17 $25 $37 $46 
IT project personnel costs (2)
2 2 4 4 
Other (3)
7 5 14 9 
Total$26 $32 $55 $59 
(1)Comprised of third-party consulting fees incurred to assist in the project management and end-to-end systems integration of this transformative investment. The Company relies on consultants for certain capabilities required for these programs that the Company does not maintain internally. These costs support the implementation of these programs incremental to the Company's normal IT costs and will not be incurred following implementation.
(2)Comprised of labor costs associated with internal IT project management teams that are utilized to oversee the new system implementations. Given the magnitude and transformative nature of the implementations planned, the necessary project management costs are incremental to the historical levels of spend and will no longer be incurred subsequent to implementation. As a result of this long-term strategic investment, the Company considers these costs not reflective of the ongoing costs to operate its business.
(3)Comprised of various other expenses associated with the Company’s new system implementations, including Company personnel dedicated to the project that have been backfilled with either permanent or temporary resources in positions that are considered part of normal operating expenses.
Organic sales growth / (decrease) is defined as net sales growth / (decrease) excluding the effect of foreign exchange rate changes and any acquisitions and divestitures. Management believes that the presentation of organic sales growth / (decrease) is useful to investors because it excludes sales from any acquisitions and divestitures, which results in a comparison of sales only from the businesses that the Company was operating and expects to continue to operate throughout the relevant periods, and the Company’s estimate of the impact of foreign exchange rate changes, which are difficult to predict and out of the control of the Company and management.
The following table provides a reconciliation of organic sales growth / (decrease) (non-GAAP) to net sales growth / (decrease) (GAAP), the most comparable GAAP measure:
Three months ended December 31, 2024
Percentage change versus the year-ago period
Health and WellnessHouseholdLifestyleInternational
Total Company (1)
Net sales growth / (decrease) (GAAP)(13)%(11)%(16)%(12)%(15)%
Add: Foreign Exchange— — — 2 — 
Add/(Subtract): Divestitures / Acquisitions (2)
— — — 16 6 
Organic sales growth / (decrease) (non-GAAP)(13)%(11)%(16)%6 %(9)%
Six months ended December 31, 2024
Percentage change versus the year-ago period
Health and WellnessHouseholdLifestyleInternational
Total Company (1)
Net sales growth / (decrease) (GAAP)8 %8 %4 %(8)%2 %
Add: Foreign Exchange— — — 2 — 
Add/(Subtract): Divestitures / Acquisitions (2)
— — — 14 5 
Organic sales growth / (decrease) (non-GAAP)8 %8 %4 %8 %7 %
(1)Total Company includes Corporate and Other.
(2)The divestiture impact is calculated as net sales from the Argentina and Better Health VMS businesses after the respective sale dates in the three and six month year-ago periods.
32

CAUTIONARY STATEMENT
This Report, including the exhibits hereto and the information incorporated by reference herein, contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including, among others, statements regarding the expected or potential impact of the Company’s operational disruption stemming from a cyberattack, and any such forward-looking statements involve risks, assumptions and uncertainties. Except for historical information, statements about future volumes, sales, organic sales growth, foreign currencies, costs, cost savings, margins, earnings, earnings per share, diluted earnings per share, foreign currency exchange rates, tax rates, cash flows, plans, objectives, expectations, growth or profitability are forward-looking statements based on management’s estimates, beliefs, assumptions and projections. Words such as “could,” “may,” “expects,” “anticipates,” “targets,” “goals,” “projects,” “intends,” “plans,” “believes,” “seeks,” “estimates,” “will,” “predicts,” and variations on such words, and similar expressions that reflect the Company’s current views with respect to future events and operational, economic and financial performance are intended to identify such forward-looking statements. These forward-looking statements are only predictions, subject to risks and uncertainties, and actual results could differ materially from those discussed. Important factors that could affect performance and cause results to differ materially from management’s expectations, are described in the sections entitled “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in the Company’s Annual Report on Form 10-K for the fiscal year ended June 30, 2024, and in this Report, as updated from time to time in the Company’s Securities and Exchange Commission filings. These factors include, but are not limited to:
•unfavorable general economic and geopolitical conditions beyond the Company’s control, including supply chain disruptions, labor shortages, wage pressures, rising inflation, the interest rate environment, fuel and energy costs, foreign currency exchange rate fluctuations, weather events or natural disasters, disease outbreaks or pandemics, such as COVID-19, terrorism, and unstable geopolitical conditions, including ongoing conflicts in the Middle East and Ukraine and rising tensions between China and Taiwan, as well as macroeconomic and geopolitical volatility and uncertainty as a result of a number of these and other factors, including actual and potential shifts in U.S. and foreign trade policies, including as a result of escalating trade tensions between the U.S. and its trading partners, especially China;
•the ability of the Company to drive sales growth, increase prices and market share, grow its product categories and manage favorable product and geographic mix;
•the impact of the changing retail environment, including the growth of alternative retail channels and business models, and changing consumer preferences;
•our recovery from the August 2023 cyberattack, and risks related to the Company’s use of and reliance on information technology systems, including potential and actual security breaches, cyberattacks, privacy breaches or data breaches that result in the unauthorized disclosure of consumer, customer, employee or Company information, business, service or operational disruptions, or that impact the Company’s financial results or financial reporting, or any resulting unfavorable outcomes, increased costs or legal proceedings;
•intense competition in the Company’s markets;
•volatility and increases in the costs of raw materials, energy, transportation, labor and other necessary supplies or services;
•risks related to supply chain issues, product shortages and disruptions to the business, as a result of increased supply chain dependencies due to an expanded supplier network and a reliance on certain single-source suppliers;
•the ability of the Company to implement and generate cost savings and efficiencies, and successfully implement its transformational initiatives or strategies, including achieving anticipated benefits and cost savings from the implementation of the streamlined operating model and digital capabilities and productivity enhancements;
•the Company’s ability to maintain its business reputation and the reputation of its brands and products;
•dependence on key customers and risks related to customer consolidation and ordering patterns;
•the ability of the Company to innovate and to develop and introduce commercially successful products, or expand into adjacent categories and countries;
•the Company’s ability to attract and retain key personnel, which may continue to be impacted by challenges in the labor market, such as increasing labor costs and sustained labor shortages;
33
CAUTIONARY STATEMENT (Continued)
•lower revenue, increased costs or reputational harm resulting from government actions and compliance with regulations, or any material costs imposed by changes in regulation;
•changes to the Company’s processes and procedures as a result of its digital capabilities and productivity enhancements that may result in changes to the Company’s internal controls over financial reporting;
•the ability of the Company to successfully manage global political, legal, tax and regulatory risks, including changes in regulatory or administrative activity;
•risks related to international operations and international trade, including changing macroeconomic conditions as a result of inflation, volatile commodity prices and increases in raw and packaging materials prices, labor, energy and logistics; global economic or political instability; foreign currency fluctuations, such as devaluations, and foreign currency exchange rate controls; changes in governmental policies, including trade, travel or immigration restrictions, new or additional tariffs, and price or other controls; labor claims and civil unrest; potential operational or supply chain disruptions from wars and military conflicts, including ongoing conflicts in the Middle East and Ukraine and rising tensions between China and Taiwan; potential negative impact and liabilities from the use, storage and transportation of chlorine in certain international markets where chlorine is used in the production of bleach; widespread health emergencies, such as COVID-19; and the possibility of nationalization, expropriation of assets or other government action;
•the impact of Environmental, Social, and Governance (ESG) issues, including those related to climate- related transition risks, changing consumer preferences, including the environmental impact of the Company’s products and sustainability on sales, operating costs or reputation;
•the impact of product liability claims, labor claims and other legal, governmental or tax proceedings, including in foreign jurisdictions and in connection with any product recalls;
•risks relating to acquisitions, new ventures and divestitures, and associated costs, including for asset impairment charges related to, among others, intangible assets, including trademarks and goodwill; and the ability to complete announced transactions and, if completed, integration costs and potential contingent liabilities related to those transactions;
•the accuracy of the Company’s estimates and assumptions on which its financial projections, including any sales or earnings guidance or outlook it may provide from time to time, are based;
•risks related to the acquisition of P&G’s interest in the Glad business;
•risks related to the Company's reliance on third-party service providers, including inability to meet cost savings or efficiencies, business or systems disruptions, and other liabilities, including legal or regulatory risk;
•environmental matters, including costs associated with the remediation and monitoring of past contamination, and possible increases in costs resulting from actions by relevant regulators, and the handling and/or transportation of hazardous substances;
•the Company’s ability to effectively utilize, assert and defend its intellectual property rights, and any infringement or claimed infringement by the Company of third-party intellectual property rights;
•the effect of the Company’s indebtedness and credit rating on its business operations and financial results and the Company’s ability to access capital markets and other funding sources, as well as the cost of capital to the Company;
•the Company’s ability to pay and declare dividends or repurchase its stock in the future;
•the impacts of potential stockholder activism; and
•risks related to any litigation associated with the exclusive forum provision in the Company’s bylaws.
The Company’s forward-looking statements in this Report are based on management’s current views, beliefs, assumptions and expectations regarding future events and speak only as of the date of this Report. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by the federal securities laws.
In this Report, unless the context requires otherwise, the terms “the Company,” “Clorox,” “we,” “us,” and “our” refer to The Clorox Company and its subsidiaries.
34

Item 3. Quantitative and Qualitative Disclosures About Market Risk
There have not been any material changes to the Company’s market risk since June 30, 2024. For additional information, refer to “Management’s Discussion and Analysis of Financial Condition and Results of Operations” included in Exhibit 99.1 of the Company’s Annual Report on Form 10-K for the fiscal year ended June 30, 2024.
Item 4. Controls and Procedures
The Company’s management, with the participation of the Company’s Chief Executive Officer and Chief Financial Officer, evaluated the effectiveness of the Company’s disclosure controls and procedures as of the end of the period covered by this Report. Based on that evaluation, the Chief Executive Officer and Chief Financial Officer concluded that the Company’s disclosure controls and procedures, as of the end of the period covered by this Report, were effective such that the information required to be disclosed by the Company in reports filed under the Exchange Act is (i) recorded, processed, summarized and reported within the time periods specified in the SEC’s rules and forms and (ii) accumulated and communicated to management, including the Chief Executive Officer and Chief Financial Officer, as appropriate to allow timely decisions regarding required disclosure.
No change in the Company’s internal control over financial reporting occurred during the second fiscal quarter of the fiscal year ending June 30, 2025, that has materially affected, or is reasonably likely to materially affect, the Company’s internal control over financial reporting.
The Company is in the process of implementing a new enterprise resource planning (ERP) system along with a suite of other digital technologies. In the first quarter of fiscal year 2025, we began implementation of the new ERP system. As this phased implementation occurs during fiscal years 2025 and 2026, the Company will change its processes and procedures which, in turn, could result in changes to its internal control over financial reporting. As such changes occur, the Company will evaluate quarterly whether such changes materially affect our internal control over financial reporting.

35

PART II – OTHER INFORMATION
Item 1.A. Risk Factors
For information regarding Risk Factors, please refer to Item 1.A. in the Company’s Annual Report on Form 10-K for the fiscal year ended June 30, 2024, and the information in “Cautionary Statement” included in this Report.
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
In May 2018, the Board of Directors authorized the Company to repurchase up to $2,000 million in shares of common stock on the open market (the 2018 Open-Market Program), which has no expiration date.
In August 1999, the Board of Directors authorized a stock repurchase program to reduce or eliminate dilution upon the issuance of common stock pursuant to the Company’s stock compensation plans (the Evergreen Program). In November 2005, the Board of Directors authorized the extension of the Evergreen Program to reduce or eliminate dilution in connection with issuances of common stock pursuant to the Company’s 2005 Stock Incentive Plan. The Evergreen Program has no expiration date and has no specified limit as to dollar amount and therefore is not included in column [d] below.
The following table sets forth the purchases of the Company’s securities by the Company and any affiliated purchasers within the meaning of Rule 10b-18(a)(3) (17 CFR 240.10b-18(a)(3)) during the second quarter of fiscal year 2025.
[a][b][c][d]
Period
Total Number of
Shares Purchased (1)
Average Price Paid
per Share (2)
Total Number of
Shares Purchased as
Part of Publicly
Announced Plans or
Programs		Maximum Number (or
Approximate Dollar
Value) of Shares that
May Yet Be Purchased
Under the Plans or
Programs
October 1 to 31, 2024
— $— — $993 million
November 1 to 30, 2024
452,659 165.69 452,659 $993 million
December 1 to 31, 2024
453,031 165.55 453,031 $993 million
Total905,690 $165.62 905,690 
(1)All of the shares purchased in November and December 2024 were acquired pursuant to the Company’s Evergreen Program.
(2)Average price paid per share in the period includes commission.
Item 5. Other Information
On December 9, 2024, Kirsten Marriner, executive vice president - chief people and corporate affairs officer, entered into a trading plan designed to satisfy the affirmative defense of Rule 10b5-1(c) under the Exchange Act. The plan provides for the potential exercise and sale of up to 48,911 options and up to 8,227 shares of the Company’s common stock between March 10, 2025 and March 2, 2027.
Each trading plan is in accordance with our insider trading policy. Actual sale transactions will be disclosed publicly in filings with the SEC in accordance with applicable securities laws, rules and regulations.
36

Item 6. Exhibits
See Exhibit Index below, which is incorporated by reference herein.
EXHIBIT INDEX
Exhibit NumberExhibit Description
31.1
31.2
32
101.SCHXBRL Taxonomy Extension Schema Document.
101.CALXBRL Taxonomy Extension Calculation Linkbase Document.
101.DEFXBRL Taxonomy Extension Definition Linkbase Document.
101.LABXBRL Taxonomy Extension Label Linkbase Document.
101.PREXBRL Taxonomy Extension Presentation Linkbase Document.
104Cover Page Interactive Data File (embedded within the Inline XBRL document and included in Exhibit 101).
37

SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
THE CLOROX COMPANY
(Registrant)
DATE: February 3, 2025BY/s/ Laura Peck
Laura Peck
Vice President – Chief Accounting Officer and Corporate Controller

38
Exhibit 31.1
CERTIFICATION
I, Linda Rendle, certify that:
1.I have reviewed this quarterly report on Form 10-Q of The Clorox Company;
2.Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
3.Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;
4.The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:
(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
(c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and
(d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and
5.The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):
(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and
(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: February 3, 2025
 
/s/ Linda Rendle
Linda Rendle
Chair and Chief Executive Officer


Exhibit 31.2
CERTIFICATION
I, Kevin B. Jacobsen, certify that:
1.I have reviewed this quarterly report on Form 10-Q of The Clorox Company;
2.Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
3.Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;
4.The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:
(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
(c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and
(d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and
5.The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):
(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and
(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: February 3, 2025
 
/s/ Kevin B. Jacobsen
Kevin B. Jacobsen
Executive Vice President - Chief Financial Officer


Exhibit 32
CERTIFICATION

In connection with the periodic report of The Clorox Company (the “Company”) on Form 10-Q for the period ended December 31, 2024, as filed with the Securities and Exchange Commission (the “Report”), we, Linda Rendle, Chair and Chief Executive Officer of the Company, and Kevin B. Jacobsen, Executive Vice President - Chief Financial Officer of the Company, hereby certify as of the date hereof, solely for purposes of Title 18, Chapter 63, Section 1350 of the United States Code, that to our knowledge:

(1)the Report fully complies with the requirements of Section 13(a) or 15(d), as applicable, of the Securities Exchange Act of 1934, and
(2)the information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company at the dates and for the periods indicated.

This Certification has not been, and shall not be deemed, “filed” with the Securities and Exchange Commission.

Date: February 3, 2025

/s/ Linda Rendle
Linda Rendle
Chair and Chief Executive Officer
 
 
/s/ Kevin B. Jacobsen
Kevin B. Jacobsen
Executive Vice President - Chief Financial Officer


v3.25.0.1
Cover Page - shares
 6 Months Ended
Dec. 31, 2024
Jan. 17, 2025
Cover [Abstract]    
Document Type 10-Q  
Document Quarterly Report true  
Document Period End Date Dec. 31, 2024  
Document Transition Report false  
Entity File Number 1-07151  
Entity Registrant Name THE CLOROX COMPANY  
Entity Incorporation, State or Country Code DE  
Entity Tax Identification Number 31-0595760  
Entity Address, Address Line One 1221 Broadway  
Entity Address, City or Town Oakland  
Entity Address, State or Province CA  
Entity Address, Postal Zip Code 94612-1888  
City Area Code 510  
Local Phone Number 271-7000  
Title of 12(b) Security Common Stock - $1.00 par value  
Trading Symbol CLX  
Security Exchange Name NYSE  
Entity Current Reporting Status Yes  
Entity Interactive Data Current Yes  
Entity Filer Category Large Accelerated Filer  
Entity Small Business false  
Entity Emerging Growth Company false  
Entity Shell Company false  
Entity Common Stock, Shares Outstanding   123,189,867
Entity Central Index Key 0000021076  
Amendment Flag false  
Current Fiscal Year End Date --06-30  
Document Fiscal Period Focus Q2  
Document Fiscal Year Focus 2025  
v3.25.0.1
Condensed Consolidated Statements of Earnings and Comprehensive Income (Unaudited) - USD ($)
shares in Thousands, $ in Millions
 3 Months Ended 6 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2024
Dec. 31, 2023
Income Statement [Abstract]        
Net sales $ 1,686 $ 1,990 $ 3,448 $ 3,376
Cost of products sold 948 1,124 1,903 1,978
Gross profit 738 866 1,545 1,398
Selling and administrative expenses 280 322 561 598
Advertising costs 191 186 392 351
Research and development costs 31 32 62 61
Loss on divestiture 0 0 118 0
Pension settlement charge 0 171 0 171
Interest expense 22 26 43 47
Other (income) expense, net (23) (7) (45) 5
Earnings before income taxes 237 136 414 165
Income tax expense 43 40 117 44
Net earnings 194 96 297 121
Less: Net earnings attributable to noncontrolling interests 1 3 5 6
Net earnings attributable to Clorox $ 193 $ 93 $ 292 $ 115
Net earnings per share attributable to Clorox        
Basic net earnings per share (in dollars per share) $ 1.55 $ 0.75 $ 2.36 $ 0.93
Diluted net earnings per share (in dollars per share) $ 1.54 $ 0.75 $ 2.34 $ 0.92
Weighted average shares outstanding (in thousands)        
Basic (in shares) 123,766 124,176 123,781 124,075
Diluted (in shares) 124,662 124,620 124,669 124,635
Comprehensive income $ 160 $ 231 $ 271 $ 255
Less: Total comprehensive income attributable to noncontrolling interests 1 3 5 6
Total comprehensive income attributable to Clorox $ 159 $ 228 $ 266 $ 249
v3.25.0.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2024
Jun. 30, 2024
Current assets    
Cash and cash equivalents $ 290 $ 202
Receivables, net 603 695
Inventories, net 592 637
Prepaid expenses and other current assets 147 88
Total current assets 1,632 1,622
Property, plant and equipment, net of accumulated depreciation and amortization of $2,831 and $2,821, respectively 1,242 1,315
Operating lease right-of-use assets 362 360
Goodwill 1,219 1,228
Trademarks, net 501 538
Other intangible assets, net 73 143
Other assets 548 545
Total assets 5,577 5,751
Current liabilities    
Notes and loans payable 189 4
Current operating lease liabilities 81 84
Accounts payable and accrued liabilities 1,460 1,486
Total current liabilities 1,730 1,574
Long-term debt 2,483 2,481
Long-term operating lease liabilities 339 334
Other liabilities 882 848
Deferred income taxes 22 22
Total liabilities 5,456 5,259
Commitments and contingencies
Stockholders’ equity    
Preferred stock: $1.00 par value; 5,000,000 shares authorized; none issued or outstanding 0 0
Common stock: $1.00 par value; 750,000,000 shares authorized; 130,741,461 shares issued as of December 31, 2024 and June 30, 2024; and 123,150,847 and 124,201,807 shares outstanding as of December 31, 2024 and June 30, 2024, respectively 131 131
Additional paid-in capital 1,287 1,288
Retained earnings 68 250
Treasury stock, at cost: 7,590,614 and 6,539,654 shares as of December 31, 2024 and June 30, 2024, respectively (1,346) (1,186)
Accumulated other comprehensive net (loss) income (181) (155)
Total Clorox stockholders’ (deficit) equity (41) 328
Noncontrolling interests 162 164
Total stockholders’ equity 121 492
Total liabilities and stockholders’ equity $ 5,577 $ 5,751
v3.25.0.1
Condensed Consolidated Balance Sheets (Parenthetical) - USD ($)
$ in Millions
Dec. 31, 2024
Jun. 30, 2024
Statement of Financial Position [Abstract]    
Property, plant and equipment, accumulated depreciation and amortization $ 2,831 $ 2,821
Preferred stock, par value (in dollars per share) $ 1.00 $ 1.00
Preferred stock, shares authorized (in shares) 5,000,000 5,000,000
Preferred stock, shares issued (in shares) 0 0
Preferred stock, shares outstanding (in shares) 0 0
Common stock, par value (in dollars per share) $ 1.00 $ 1.00
Common stock, shares authorized (in shares) 750,000,000 750,000,000
Common stock, shares issued (in shares) 130,741,461 130,741,461
Common stock, shares outstanding (in shares) 123,150,847 124,201,807
Treasury stock (in shares) 7,590,614 6,539,654
v3.25.0.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
 6 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Operating activities:    
Net earnings $ 297 $ 121
Adjustments to reconcile net earnings to net cash provided by operations:    
Depreciation and amortization 107 118
Stock-based compensation 40 29
Deferred income taxes (19) (60)
Loss on divestiture 112 0
Pension settlement charge 0 171
Other 5 8
Changes in:    
Receivables, net 64 15
Inventories, net (12) 43
Prepaid expenses and other current assets (39) (20)
Accounts payable and accrued liabilities (138) (163)
Income taxes payable / prepaid (16) (89)
Net cash provided by operations 401 173
Investing activities:    
Capital expenditures (92) (76)
Proceeds from divestiture, net of cash divested 128 0
Other (1) 20
Net cash provided by (used for) investing activities 35 (56)
Financing activities:    
Notes and loans payable, net 184 195
Treasury stock purchased (257) 0
Cash dividends paid to Clorox stockholders (302) (298)
Issuance of common stock for employee stock plans and other 29 (1)
Net cash used for financing activities (346) (104)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (3) (23)
Net increase (decrease) in cash, cash equivalents and restricted cash 87 (10)
Cash, cash equivalents and restricted cash:    
Beginning of period 207 368
End of period $ 294 $ 358
v3.25.0.1
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
 6 Months Ended
Dec. 31, 2024
Accounting Policies [Abstract]  
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Basis of Presentation
The unaudited interim condensed consolidated financial statements for the three and six months ended December 31, 2024 and 2023, in the opinion of management, reflect all normal and recurring adjustments considered necessary for a fair presentation of the consolidated results of operations, financial position and cash flows of The Clorox Company and its controlled subsidiaries (the Company or Clorox) for the periods presented. However, the financial results for interim periods are not necessarily indicative of the results that may be expected for a full fiscal year or for any other future period. Percentage and basis point calculations are based on rounded numbers, except for per share data and the effective tax rate.
Certain information and footnote disclosures normally included in financial statements prepared in accordance with generally accepted accounting principles in the United States (U.S. GAAP) have been omitted or condensed pursuant to the rules and regulations of the U.S. Securities and Exchange Commission (SEC). The information in this report should be read in conjunction with the Company’s Annual Report on Form 10-K filed with the SEC for the fiscal year ended June 30, 2024, which includes a complete set of footnote disclosures, including the Company’s significant accounting policies.
Recently Issued Accounting Standards
Recently Issued Accounting Standards Not Yet Adopted
In November 2024, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2024-03, “Income Statement - Reporting Comprehensive Income - Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses.” These amendments primarily require enhanced quantitative and qualitative disclosures in the notes to the financial statements for specific expense categories underlying the expenses presented on the income statement. These amendments are to be applied prospectively to financial statements issued after the effective date or retrospectively to any or all periods presented in the financial statements. Early adoption is permitted. The standard will be effective for annual periods beginning after December 15, 2026, and subsequent interim periods. The Company is currently evaluating the impact that the adoption of this guidance will have on the Company’s disclosures.
In December 2023, the FASB issued ASU No. 2023-09, “Income Taxes (Topic 740): Improvements to Income Tax Disclosures.” These amendments primarily require enhanced disclosures and disaggregation of income tax information by jurisdiction in the annual income tax reconciliation and quantitative and qualitative disclosures regarding income taxes paid. These amendments are to be applied prospectively, with the option to apply the standard retrospectively, for annual periods beginning after December 15, 2024. Early adoption is permitted. The Company is currently evaluating the impact that the adoption of this guidance will have on the Company’s disclosures.
In November 2023, the FASB issued ASU No. 2023-07, “Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures.” These amendments primarily require enhanced disclosures about significant segment expenses regularly provided to the chief operating decision maker and included within each reported measure of segment profit or loss. The ASU also requires all annual disclosures currently required by Topic 280 to be included in interim periods. These amendments are to be applied retrospectively for all periods presented in the financial statements and will be effective for the annual period beginning July 1, 2024, and interim periods beginning July 1, 2025. The Company is currently evaluating the impact that the adoption of this guidance will have on the Company’s disclosures.
Recently Adopted Accounting Standards
In September 2022, the FASB issued ASU No. 2022-04, "Liabilities - Supplier Finance Programs (Subtopic 405-50): Disclosure of Supplier Finance Program Obligations.” These amendments require disclosure of the key terms of outstanding supplier finance programs and a rollforward of the related obligations. These amendments are effective for fiscal years beginning after December 15, 2022, except for the amendment on rollforward information, which is effective for fiscal years beginning after December 15, 2023. The Company adopted the standard as of July 1, 2023, except for the rollforward information which will be effective for the fiscal year ending June 30, 2025. The adoption relates to disclosures only and does not have an impact on the condensed consolidated financial statements, results of operations or cash flows.
v3.25.0.1
DIVESTITURES
 6 Months Ended
Dec. 31, 2024
Discontinued Operations and Disposal Groups [Abstract]  
DIVESTITURES DIVESTITURES
Divestiture of Better Health Vitamins, Minerals and Supplements (VMS) Business
On September 10, 2024, the Company completed the divestiture of its Better Health VMS business in its entirety to an affiliate of Piping Rock Health Products, LLC. The divested business includes the Natural Vitality, NeoCell, Rainbow Light and RenewLife brands, relevant trademarks and licenses, and associated manufacturing and distribution facilities in Sunrise, Florida. The transaction reflects the Company’s commitment to continue evolving its portfolio to reduce volatility and accelerate sales growth, as well as structurally improve its margin, in service of driving more consistent and profitable growth over time. The transaction was executed pursuant to a purchase agreement. As a result of the transaction, the Company recorded an after tax loss of $118 during the six months ended December 31, 2024.
The major classes of assets and liabilities of the Better Health VMS business divested as of September 10, 2024 were as follows:
Divestiture
Working capital, net$41 
Property, plant and equipment, net59 
Trademarks, net
37 
Other intangible assets, net
58 
Other assets (1)
45 
Other liabilities(1)
Net assets divested$239 
(1) Includes net deferred tax assets of $45
The following table presents Net sales of the Better Health VMS business, which includes the financial results up to September 10, 2024, the date of sale:
Three months endedSix months ended
12/31/202412/31/202312/31/202412/31/2023
Net sales
$— $54 $38 $112 
The divestiture of the Company’s Better Health VMS business does not meet the criteria to be reported as discontinued operations in the condensed consolidated financial statements as the Company’s decision to divest this business did not represent a strategic shift that will have a major effect on the Company’s operations and financial results.
Divestiture of Argentina Business
On March 20, 2024, the Company completed the divestiture of its Argentina business. Net sales of the Argentina business for the three and six months ended December 31, 2023 were $47 and $80, respectively. Refer to Notes to Consolidated Financial Statements in the Company’s Annual Report on Form 10-K for the year ended June 30, 2024 for further information related to the Argentina business divestiture.
v3.25.0.1
AUGUST 2023 CYBERATTACK
 6 Months Ended
Dec. 31, 2024
Unusual or Infrequent Items, or Both [Abstract]  
AUGUST 2023 CYBERATTACK AUGUST 2023 CYBERATTACK
On Monday, August 14, 2023, the Company identified unauthorized activity on some of its Information Technology (IT) systems and immediately began taking steps to stop and remediate the activity. The Company took certain systems offline, engaged third-party cybersecurity experts and implemented its business continuity plans. However, the incident resulted in wide-scale disruptions to the Company’s business operations. The impacts of these system disruptions resulted in a negative impact on net sales and earnings. The Company experienced lessening operational impacts in the second quarter of fiscal year 2024 and has since returned to normalized operations.
The Company recorded insurance recoveries of $25 and $35 in the three and six months ended December 31, 2024, respectively, and incurred incremental expenses of approximately $25 and $49 in the three and six months ended December 31, 2023, respectively, as a result of the cyberattack. The following table summarizes the recognition of (insurance recoveries) and costs in the condensed consolidated statements of earnings and comprehensive income:
Three months endedSix months ended
12/31/202412/31/202312/31/202412/31/2023
Costs of products sold
$(2)$9 $(3)$20 
Selling and administrative expenses— 16 — 29 
Other (income) expense, net
(23)— (32)— 
Total$(25)$25 $(35)$49 
The costs incurred related primarily to third-party consulting services, including IT recovery and forensic experts and other professional services incurred to investigate and remediate the attack, as well as incremental operating costs incurred from the resulting disruption to the Company’s business operations. The Company does not expect to incur significant costs related to the cyberattack in future periods. Insurance recoveries are classified consistent with the expenses to which they relate. Business interruption and other insurance recoveries that do not correspond directly to previously incurred expenses are recognized in Other (income) expense, net.
v3.25.0.1
SUPPLY CHAIN FINANCING PROGRAM
 6 Months Ended
Dec. 31, 2024
Payables and Accruals [Abstract]  
SUPPLY CHAIN FINANCING PROGRAM SUPPLY CHAIN FINANCING PROGRAM
The Company has arranged for a global financial institution to offer a voluntary supply chain finance (SCF) program for the benefit of the Company’s suppliers. The Company’s current payment terms do not exceed 120 days in keeping with industry standards. The Company’s operating cash flows are directly impacted as a result of the extension of payment terms with suppliers. The SCF program enables suppliers to directly contract with the financial institution to receive payment from the financial institution prior to the payment terms between the Company and the supplier by selling the Company’s payables to the financial institution. Participation in the program is at the sole discretion of the supplier and the Company has no economic interest in a supplier's decision to enter into the agreement and has no direct financial relationship with the financial institution, as it relates to the SCF program. Once a supplier elects to participate in the SCF program and reaches an agreement with the financial institution, the supplier elects which individual Company invoices to sell to the financial institution. The terms of the Company’s payment obligations are not impacted by a supplier’s participation in the program and as such, the SCF program has no direct impact on the Company’s balance sheets or liquidity. The Company has not pledged any assets as security or provided guarantees under the SCF program.
All outstanding amounts related to suppliers participating in the SCF program are recorded within Accounts payable and accrued liabilities in the condensed consolidated balance sheets and the associated payments are included in operating activities within the condensed consolidated statements of cash flows. As of December 31, 2024 and June 30, 2024, the amount due to suppliers participating in the SCF program and included in Accounts payable and accrued liabilities was $218 and $205, respectively.
v3.25.0.1
RESTRUCTURING AND RELATED COSTS
 6 Months Ended
Dec. 31, 2024
Restructuring and Related Activities [Abstract]  
RESTRUCTURING AND RELATED COSTS RESTRUCTURING AND RELATED COSTS
Beginning in the first quarter of fiscal year 2023, the Company recognized costs related to a plan that involves streamlining its operating model to meet its objectives of driving growth and productivity. The implementation of this new model was completed in fiscal year 2024 and is expected to enhance the Company’s ability to respond more quickly to changing consumer behaviors and innovate faster.
The total restructuring and related implementation costs, net associated with the Company’s streamlined operating model are reflected in the condensed consolidated statements of earnings and comprehensive income.
Restructuring and related implementation costs for both the three and six months ended December 31, 2023 were $3, recorded within Selling and administrative expenses.
The following table reconciles the accrual for the streamlined operating model’s restructuring and related implementation costs discussed above, which are recorded within Accounts payable and accrued liabilities in the condensed consolidated balance sheets:
Employee-Related CostsOtherTotal
Accrual Balance as of June 30, 2024
$8 $11 $19 
Cash payments(7)(11)(18)
Accrual Balance as of December 31, 2024$1 $— $1 
The Company may, from time to time, decide to pursue additional restructuring-related initiatives that involve costs in future periods.
Refer to Notes to Consolidated Financial Statements in the Company’s Annual Report on Form 10-K for the year ended June 30, 2024 for further information related to the streamlined operating model.
v3.25.0.1
INVENTORIES, NET
 6 Months Ended
Dec. 31, 2024
Inventory Disclosure [Abstract]  
INVENTORIES, NET INVENTORIES, NET
Inventories, net consisted of the following as of:
12/31/20246/30/2024
Finished goods$510 $556 
Raw materials and packaging150 172 
Work in process16 9 
LIFO allowances(84)(98)
Total inventories, net$592 $639 
Less: Non-current inventories, net (1)
— 2 
Total current inventories, net$592 $637 
(1)Non-current inventories, net are recorded in Other assets.
v3.25.0.1
FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS
 6 Months Ended
Dec. 31, 2024
FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS [Abstract]  
FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS
Financial Risk Management and Derivative Instruments
The Company is exposed to certain commodity, foreign currency and interest rate risks related to its ongoing business operations and uses derivative instruments to mitigate its exposure to these risks.
Commodity Price Risk Management
The Company may use commodity futures, options and swap contracts to limit the impact of price volatility on a portion of its forecasted raw material requirements. These commodity derivatives may be exchange traded or over-the-counter contracts and generally have original contractual maturities of less than 2 years. Commodity purchase and options contracts are measured at fair value using market quotations obtained from the Chicago Board of Trade commodity futures exchange and commodity derivative dealers.
The notional amounts of outstanding commodity derivatives, which related primarily to exposures in soybean oil used for the food business and jet fuel used for the grilling business, were $25 and $38 as of December 31, 2024 and June 30, 2024, respectively.
Foreign Currency Risk Management
The Company may also enter into certain over-the-counter derivative contracts to manage a portion of the Company’s forecasted foreign currency exposure associated with the purchase of inventory. These foreign currency contracts generally have original contractual maturities of less than 2 years. The foreign exchange contracts are measured at fair value using information quoted by foreign exchange dealers.
The notional amounts of outstanding foreign currency forward contracts used by the Company’s subsidiaries to hedge forecasted purchases of inventory were $36 and $29 as of December 31, 2024 and June 30, 2024, respectively.
Interest Rate Risk Management
The Company may enter into over-the-counter interest rate contracts to fix a portion of the benchmark interest rate prior to the anticipated issuance of fixed rate debt. These interest rate contracts generally have original contractual maturities of less than 3 years. The interest rate contracts are measured at fair value using information quoted by bond dealers.
The Company held no interest rate contracts as of both December 31, 2024 and June 30, 2024.
Commodity, Foreign Exchange and Interest Rate Derivatives
The Company designates its commodity forward, futures and options contracts for forecasted purchases of raw materials, foreign currency forward contracts for forecasted purchases of inventory and interest rate contracts for forecasted interest payments as cash flow hedges.
The effects of derivative instruments designated as hedging instruments on Other comprehensive (loss) income and Net earnings (losses) were as follows:
Gains (losses) recognized in Other comprehensive (loss) income
Three months endedSix months ended
12/31/202412/31/202312/31/202412/31/2023
Commodity purchase derivative contracts$— $(4)$(3)$(5)
Foreign exchange derivative contracts3 (2)2 (1)
Total$3 $(6)$(1)$(6)

Location of gains (losses) reclassified from Accumulated other comprehensive net (loss) income into Net earningsGains (losses) reclassified from Accumulated other comprehensive net (loss) income and recognized in Net earnings
Three months endedSix months ended
12/31/202412/31/202312/31/202412/31/2023
Commodity purchase derivative contractsCost of products sold$(2)$— $(3)$(2)
Interest rate derivative contractsInterest expense3 3 6 6 
Total$1 $3 $3 $4 
The estimated amount of the existing net gain (loss) in Accumulated other comprehensive net (loss) income as of December 31, 2024 that is expected to be reclassified into Net earnings within the next twelve months is $11.
Counterparty Risk Management and Derivative Contract Requirements
The Company utilizes a variety of financial institutions as counterparties for over-the-counter derivative instruments. The Company enters into agreements governing the use of over-the-counter derivative instruments and sets internal limits on the aggregate over-the-counter derivative instrument positions held with each counterparty. Certain terms of these agreements
require the Company or the counterparty to post collateral when the fair value of the derivative instruments exceeds contractually defined counterparty liability position limits. Of the over-the-counter derivative instruments in liability positions, $0 contained such terms as of both December 31, 2024 and June 30, 2024. As of both December 31, 2024 and June 30, 2024, neither the Company nor any counterparty was required to post any collateral as no counterparty liability position limits were exceeded.
Certain terms of the agreements governing the Company’s over-the-counter derivative instruments require the Company’s credit ratings, as assigned by Standard & Poor’s and Moody’s to the Company and its counterparties, to remain at a level equal to or better than the minimum of an investment grade credit rating. If the Company’s credit ratings were to fall below investment grade, the counterparties to the derivative instruments could request full collateralization on derivative instruments in net liability positions. As of both December 31, 2024 and June 30, 2024, the Company and each of its counterparties had been assigned investment grade ratings by both Standard & Poor’s and Moody’s.
Certain of the Company’s exchange traded futures and options contracts used for commodity price risk management include requirements for the Company to post collateral in the form of a cash margin account held by the Company’s broker for trades conducted on that exchange. As of both December 31, 2024 and June 30, 2024, the Company maintained cash margin balances related to exchange traded futures and options contracts of $3, which are classified as Prepaid expenses and other current assets on the condensed consolidated balance sheets.
Trust Assets
The Company holds interests in mutual funds and cash equivalents as part of trust assets related to its nonqualified deferred compensation plans. The participants in the nonqualified deferred compensation plans, who are the Company’s current and former employees, may select among certain mutual funds in which their compensation deferrals are invested in accordance with the terms of the plans and within the confines of the trusts, which hold the marketable securities. The trusts represent variable interest entities for which the Company is considered the primary beneficiary, and therefore trust assets are consolidated and included in Other assets in the condensed consolidated balance sheets. The gains and losses on the trust assets are recorded in Other (income) expense, net in the condensed consolidated statements of earnings and comprehensive income. The interests in mutual funds are measured at fair value using quoted market prices. The Company has designated these marketable securities as trading investments.
Fair Value of Financial Instruments
Financial assets and liabilities measured at fair value on a recurring basis in the condensed consolidated balance sheets are required to be classified and disclosed in one of the following three categories of the fair value hierarchy:
Level 1: Quoted market prices in active markets for identical assets or liabilities.
Level 2: Observable market-based inputs or unobservable inputs that are corroborated by market data.
Level 3: Unobservable inputs reflecting the reporting entity’s own assumptions.
As of both December 31, 2024 and June 30, 2024, the Company’s financial assets and liabilities that were measured at fair value on a recurring basis during the period included derivative financial instruments, which were classified as either Level 1 or Level 2, and trust assets to fund the Company’s nonqualified deferred compensation plans, which were classified as Level 1.
All of the Company’s derivative instruments qualify for hedge accounting. The following table provides information about the balance sheet classification and the fair values of the Company’s derivative instruments:
 12/31/20246/30/2024
Balance sheet
classification		Fair value
hierarchy
level		Carrying
Amount		Estimated
Fair
Value		Carrying
Amount		Estimated
Fair
Value
Assets
Commodity purchase swaps contractsPrepaid expenses and other current assets2$— $— $1 $1 
Foreign exchange forward contractsPrepaid expenses and other current assets22 2 — — 
 $2 $2 $1 $1 
Liabilities
Commodity purchase futures contractsAccounts payable and accrued liabilities1$2 $2 $2 $2 
Commodity purchase swaps contractsAccounts payable and accrued liabilities21 1 — — 
$3 $3 $2 $2 
The following table provides information about the balance sheet classification and the fair values of the Company’s other assets and liabilities for which disclosure of fair value is required:
 12/31/20246/30/2024
Balance sheet
classification		Fair value
hierarchy
level		Carrying
Amount		Estimated
Fair
Value		Carrying
Amount		Estimated
Fair
Value
Assets
Interest-bearing investments, including money market funds
Cash and cash
equivalents (1)
1$158 $158 $95 $95 
Time deposits
Cash and cash
equivalents (1)
28 8 9 9 
Trust assets for nonqualified deferred compensation plansOther assets1170 170 154 154 
 $336 $336 $258 $258 
Liabilities
Notes and loans payable
Notes and loans payable (2)
2$189 $189 $4 $4 
Long-term debt
Long-term debt (3)
22,483 2,373 2,481 2,341 
$2,672 $2,562 $2,485 $2,345 
(1)Cash and cash equivalents are composed of time deposits and other interest-bearing investments, including money market funds with original maturity dates of 90 days or less. Cash and cash equivalents are recorded at cost, which approximates fair value.
(2)Notes and loans payable are composed of outstanding U.S. commercial paper balances and/or amounts drawn on the Company’s credit agreements, all of which are recorded at cost, which approximates fair value. The weighted average effective interest rate on Notes and loan payable balances as of December 31, 2024 and June 30, 2024 were 4.67% and 5.60%, respectively.
(3)Long-term debt is recorded at cost. The fair value of Long-term debt was determined using secondary market prices quoted by corporate bond dealers, and is classified as Level 2.
v3.25.0.1
OTHER (INCOME) EXPENSE, NET
 6 Months Ended
Dec. 31, 2024
Other Income and Expenses [Abstract]  
OTHER (INCOME) EXPENSE, NET OTHER (INCOME) EXPENSE, NET
The major components of Other (income) expense, net were:
Three months endedSix months ended
12/31/202412/31/202312/31/202412/31/2023
Amortization of trademarks and other intangible assets$5 $7 $11 $15 
Trust investment (gains) losses, net1 (12)(8)(10)
Net periodic benefit (credit) cost
(4)5 (3)10 
Foreign exchange transaction (gains) losses, net (1)
2 15 3 23 
Income from equity investees(1)(1)(3)(2)
Interest income(2)(7)(5)(17)
Gain on sale-leaseback transaction (2)
— (16)— (16)
Cyberattack insurance recoveries (3)
(23)— (32)— 
Other(1)2 (8)2 
Total$(23)$(7)$(45)$5 
(1)Foreign exchange losses were primarily related to the Company’s operations in Argentina in the three and six month periods ended December 31, 2023.
(2)On December 14, 2023, the Company completed an asset sale-leaseback transaction on a warehouse in Fairfield, California. The transaction resulted in a $16 gain which was recognized in Other (income) expense, net in the Health and Wellness segment. Refer to Notes to Consolidated Financial Statements in the Company’s Annual Report on Form 10-K for the year ended June 30, 2024 for further information related to the sale-leaseback transaction.
(3)Insurance recoveries related to the August 2023 cyberattack. See Note 3 for additional details.
v3.25.0.1
INCOME TAXES
 6 Months Ended
Dec. 31, 2024
Income Tax Disclosure [Abstract]  
INCOME TAXES INCOME TAXES
In determining its quarterly provision for income taxes, the Company uses an estimated annual effective tax rate, which is based on expected annual income, statutory tax rates and tax planning opportunities available in the various jurisdictions in which the Company operates. Certain significant or unusual items are separately recognized in the quarter in which they occur and can be a source of variability in the effective tax rates from quarter to quarter. The effective tax rate on earnings was 18.1% and 28.2% for the three and six months ended December 31, 2024, respectively, and 29.3% and 26.7% for the three and six months ended December 31, 2023, respectively. The lower tax rate in the current three month period compared to the prior three month period was primarily driven by an international legal entity reorganization and higher compensation deductions in the current period.
Income taxes paid, net of refunds, were $148 and $194 for the six months ended December 31, 2024 and 2023, respectively. The higher payments in the prior period were primarily driven by income tax payments for fiscal year 2023 that were deferred to fiscal year 2024 as a result of tax relief provided by the IRS due to winter storms in California.
v3.25.0.1
NET EARNINGS PER SHARE (EPS)
 6 Months Ended
Dec. 31, 2024
Earnings Per Share [Abstract]  
NET EARNINGS PER SHARE (EPS) NET EARNINGS PER SHARE (EPS)
The following is the reconciliation of the weighted average number of shares outstanding (in thousands) used to calculate basic net EPS to those used to calculate diluted net EPS:
Three months endedSix months ended
12/31/202412/31/202312/31/202412/31/2023
Basic123,766124,176123,781124,075
Dilutive effect of stock options and other896444888560
Diluted124,662124,620124,669124,635
Antidilutive stock options and other8413,527 841 3,527 
Basic net earnings per share and Diluted net earnings per share are calculated on Net earnings attributable to Clorox.
v3.25.0.1
COMPREHENSIVE INCOME
 6 Months Ended
Dec. 31, 2024
Stockholders' Equity Note [Abstract]  
COMPREHENSIVE INCOME COMPREHENSIVE INCOME
The following table provides a summary of Comprehensive income for the periods indicated:
Three months endedSix months ended
12/31/202412/31/202312/31/202412/31/2023
Net earnings
$194 $96 $297 $121 
Other comprehensive income, net of tax:
Foreign currency translation adjustments(34)17 (20)6 
Net unrealized gains (losses) on derivatives1 (8)(5)(9)
Pension and postretirement benefit adjustments(1)126 (1)137 
Total other comprehensive (loss) income, net of tax(34)135 (26)134 
Comprehensive income
160 231 271 255 
Less: Total comprehensive income attributable to noncontrolling interests1 3 5 6 
Total comprehensive income attributable to Clorox
$159 $228 $266 $249 
v3.25.0.1
STOCKHOLDERS' EQUITY
 6 Months Ended
Dec. 31, 2024
Equity [Abstract]  
STOCKHOLDERS' EQUITY STOCKHOLDERS’ EQUITY
Changes in the components of Stockholders’ equity were as follows for the periods indicated:
Three months ended December 31
(Dollars in millions except per share data; shares in thousands)
Common stockAdditional paid-in capitalRetained earningsTreasury stockAccumulated
other
comprehensive
net (loss) income		Noncontrolling interestsTotal stockholders’ equity
AmountShares AmountShares
Balance as of September 30, 2023$131 130,741 $1,246 $299 $(1,219)(6,740)$(494)$168 $131 
Net earnings— — — 93 — — — 3 96 
Other comprehensive (loss) income— — — — — — 135 — 135 
Dividends to Clorox stockholders ($1.20 per share declared)
— — — (150)— — — — (150)
Dividends to noncontrolling interests— — — — — — — (6)(6)
Stock-based compensation— — 16 — — — — — 16 
Other employee stock plan activities— — (17)(1)14 79 — — (4)
Balance as of December 31, 2023$131 130,741 $1,245 $241 $(1,205)(6,661)$(359)$165 $218 
Balance as of September 30, 2024$131 130,741 $1,297 $31 $(1,252)(7,068)$(147)$164 $224 
Net earnings— — — 193 — — — 1 194 
Other comprehensive (loss) income— — — — — — (34)— (34)
Dividends to Clorox stockholders ($1.22 per share declared)
— — — (152)— — — — (152)
Dividends to noncontrolling interests— — — — — — — (3)(3)
Stock-based compensation— — 27 — — — — — 27 
Other employee stock plan activities— — (37)(4)56 383 — — 15 
Treasury stock purchased— — — — (150)(906)— — (150)
Balance as of December 31, 2024$131 130,741 $1,287 $68 $(1,346)(7,591)$(181)$162 $121 
Six months ended December 31
(Dollars in millions except per share data; shares in thousands)
Common stock
Additional paid-in capital
Retained earnings
Treasury stock
Accumulated
other
comprehensive
net (loss) income
Noncontrolling interests
Total stockholders’ equity
AmountSharesAmountShares
Balance as of June 30, 2023$131 130,741 $1,245 $583 $(1,246)(6,921)$(493)$168 $388 
Net earnings— — — 115 — — — 6 121 
Other comprehensive (loss) income— — — — — — 134 — 134 
Dividends to Clorox stockholders ($3.60 per share declared)
— — — (450)— — — — (450)
Dividends to noncontrolling interests— — — — — — — (9)(9)
Stock-based compensation— — 29 — — — — — 29 
Other employee stock plan activities— — (29)(7)41 260 — — 5 
Balance as of December 31, 2023$131 130,741 $1,245 $241 $(1,205)(6,661)$(359)$165 $218 
Balance as of June 30, 2024$131 130,741 $1,288 $250 $(1,186)(6,540)$(155)$164 $492 
Net earnings— — — 292 — — — 5 297 
Other comprehensive (loss) income— — — — — — (26)— (26)
Dividends to Clorox stockholders ($3.66 per share declared)
— — — (457)— — — — (457)
Dividends to noncontrolling interests— — — — — — — (7)(7)
Stock-based compensation— — 40 — — — — — 40 
Other employee stock plan activities— — (41)(17)97 644 — — 39 
Treasury stock purchased— — — — (257)(1,695)— — (257)
Balance as of December 31, 2024$131 130,741 $1,287 $68 $(1,346)(7,591)$(181)$162 $121 
Changes in Accumulated other comprehensive net (loss) income attributable to Clorox by component were as follows for the periods indicated:
Three months ended December 31
Foreign currency translation adjustmentsNet unrealized gains (losses) on derivativesPension and postretirement benefit adjustmentsAccumulated other comprehensive net (loss) income
Balance as of September 30, 2023$(456)$98 $(136)$(494)
Other comprehensive (loss) income before reclassifications17 (6)(7)4 
Amounts reclassified from Accumulated other comprehensive net (loss) income (1)
— (3)172 169 
Income tax benefit (expense)— 1 (39)(38)
Net current period other comprehensive (loss) income17 (8)126 135 
Balance as of December 31, 2023$(439)$90 $(10)$(359)
Balance as of September 30, 2024$(225)$79 $(1)$(147)
Other comprehensive (loss) income before reclassifications(34)3 — (31)
Amounts reclassified from Accumulated other comprehensive net (loss) income
— (1)(1)(2)
Income tax benefit (expense)
— (1)— (1)
Net current period other comprehensive (loss) income(34)1 (1)(34)
Balance as of December 31, 2024$(259)$80 $(2)$(181)
Six months ended December 31
Foreign currency translation adjustmentsNet unrealized gains (losses) on derivatives
Pension and postretirement benefit adjustments
Accumulated other comprehensive net (loss) income
Balance as of June 30, 2023$(445)$99 $(147)$(493)
Other comprehensive (loss) income before reclassifications6 (6)4 4 
Amounts reclassified from Accumulated other comprehensive net (loss) income (1)
— (4)175 171 
Income tax benefit (expense)— 1 (42)(41)
Net current period other comprehensive (loss) income6 (9)137 134 
Balance as of December 31, 2023$(439)$90 $(10)$(359)
Balance as of June 30, 2024$(239)$85 $(1)$(155)
Other comprehensive (loss) income before reclassifications(20)(1)— (21)
Amounts reclassified from Accumulated other comprehensive net (loss) income
— (3)(1)(4)
Income tax benefit (expense)
— (1)— (1)
Net current period other comprehensive (loss) income(20)(5)(1)(26)
Balance as of December 31, 2024$(259)$80 $(2)$(181)
(1)Includes recognition of pension settlement charge reclassified into Net earnings. See Note 13 for additional details.
v3.25.0.1
EMPLOYEE BENEFIT PLANS
 6 Months Ended
Dec. 31, 2024
Retirement Benefits [Abstract]  
EMPLOYEE BENEFIT PLANS EMPLOYEE BENEFIT PLANS
In the second quarter of fiscal year 2024, the Company settled plan benefits of its domestic qualified pension plan (the Plan) and recorded a one-time noncash charge, net of curtailment gain, of $171 before taxes ($130 after tax) in the Company’s condensed consolidated statement of earnings and comprehensive income.
The Company continues to maintain various other retirement income plans for eligible domestic and international employees.
The following table summarizes the components of net periodic benefit (credit) cost for the Company’s remaining retirement income plans:
Three months endedSix months ended
12/31/202412/31/202312/31/202412/31/2023
Interest cost$2 $3 $3 $8 
Expected return on plan assets (1)
(1)1 (1)(2)
Amortization of unrecognized items— 1 — 3 
Curtailment gain
— (6)— (6)
Settlement (gain) loss
(4)177 (4)178 
Total$(3)$176 $(2)$181 
(1)The weighted average long-term expected rate of return on plan assets used in computing the fiscal year 2025 net periodic benefit cost is 5.8%.
The net periodic benefit (credit) cost for the Company’s retirement health care plans was ($1) for both the three and six months ended December 31, 2024 and $0 for both the three and six months ended December 31, 2023.
During both the three months ended December 31, 2024 and 2023, the Company made $2 in contributions to its domestic retirement income plans. During both the six months ended December 31, 2024 and 2023, the Company made $4 in contributions to its domestic retirement income plans.
Service cost component of the net periodic benefit cost, if any, is reflected in employee benefit costs. All other components are reflected in Other (income) expense, net.
v3.25.0.1
OTHER CONTINGENCIES AND GUARANTEES
 6 Months Ended
Dec. 31, 2024
Commitments and Contingencies Disclosure [Abstract]  
OTHER CONTINGENCIES AND GUARANTEES OTHER CONTINGENCIES AND GUARANTEES
Contingencies
The Company is involved in certain environmental matters, including response actions at various locations. The Company recorded liabilities totaling $28 as of both December 31, 2024 and June 30, 2024 for its share of aggregate future remediation costs related to these matters.
One matter, which accounted for $12 of the recorded liability as of both December 31, 2024 and June 30, 2024, relates to environmental costs associated with one of the Company’s former operations at a site located in Alameda County, California. In November 2016, at the request of regulators and with the assistance of environmental consultants, the Company submitted a Feasibility Study that evaluated various options for managing groundwater at the site and included estimates of the related costs. Following further discussions with the regulators in 2017, the Company recorded an undiscounted liability for costs estimated to be incurred over a 30-year period, based on one of the options in the Feasibility Study related to groundwater. In September 2021, as a result of an additional study and further discussions with regulators, the Company submitted a Soil Vapor Intrusion Report to the regulators. In January 2023, the regulators issued a new order directing the Company and the current property owner to conduct a Remedial Investigation and then prepare a Feasibility Study to evaluate and remediate impacts to soil, groundwater, soil vapor and indoor air. While the Company believes its latest estimates of remediation costs (including any related to soil, groundwater, soil vapor and indoor air impacts) are reasonable, the ultimate remediation requirements are not yet finalized and the regulators could require the Company to implement remediation actions for a longer period or take additional actions, which could include estimated undiscounted costs in the aggregate of up to approximately $28 over an estimated 30-year period, or require the Company to take different actions and incur additional costs.
Another matter in Dickinson County, Michigan, at the site of one of the Company’s former operations for which the Company is jointly and severally liable, accounted for $10 of the recorded liability as of both December 31, 2024 and June 30, 2024. This amount reflects the Company’s agreement to be liable for 24.3% of the aggregate remediation and associated costs for this matter pursuant to a cost-sharing agreement with a third party. If the third party is unable to pay its share of the response and remediation obligations, the Company may be responsible for such obligations. With the assistance of environmental consultants, the Company maintains an undiscounted liability representing its current best estimate of its share of the capital
expenditures, maintenance and other costs that may be incurred over an estimated 30-year remediation period. Although it is reasonably possible that the Company’s exposure may exceed the amount recorded for the Dickinson County matter, any amount of such additional exposures, or range of exposures, is not estimable at this time.
The Company’s estimated losses related to these matters are sensitive to a variety of uncertain factors, including the efficacy of any remediation efforts, changes in any remediation requirements and the future availability of alternative clean-up technologies. From time to time, the Company is subject to various legal proceedings, claims and other loss contingencies, including, without limitation, loss contingencies relating to contractual arrangements (including costs connected to the transition and unwinding of certain supply and manufacturing relationships), product liability, patents and trademarks, advertising, labor and employment, environmental, health and safety and other matters. With respect to these proceedings, claims and other loss contingencies, while considerable uncertainty exists, in the opinion of management at this time, the ultimate disposition of these matters, to the extent not previously provided for, will not have a material adverse effect, either individually or in the aggregate, on the Company’s condensed consolidated financial statements taken as a whole.
Guarantees
In conjunction with divestitures and other transactions, the Company has provided certain indemnifications (e.g., indemnifications for representations and warranties and retention of previously existing environmental, tax and employee liabilities) that have terms that vary in duration and in the potential amount of the total obligation and, in many circumstances, are not explicitly defined. The Company has not made, nor does it believe that it is probable that it will make, any material payments relating to its indemnifications and believes that any reasonably possible payments would not have a material adverse effect, either individually or in the aggregate, on the Company’s condensed consolidated financial statements taken as a whole.
The Company had not recorded any material liabilities on the aforementioned guarantees as of both December 31, 2024 and June 30, 2024.
The Company was a party to letters of credit of $18 as of December 31, 2024, primarily related to its insurance carriers, of which $0 had been drawn upon.
v3.25.0.1
SEGMENT RESULTS
 6 Months Ended
Dec. 31, 2024
Segment Reporting [Abstract]  
SEGMENT RESULTS SEGMENT RESULTS
The Company operates through strategic business units (SBUs) which are organized into operating segments. Operating segments are then aggregated into four reportable segments: Health and Wellness, Household, Lifestyle and International. Operating segments not aggregated into a reportable segment are reflected in Corporate and Other.
Corporate and Other includes certain non-allocated administrative costs and various other non-operating income and expenses. Assets in Corporate and Other include cash and cash equivalents, prepaid expenses and other current assets, property and equipment, operating lease right-of-use assets, other long-term assets and deferred taxes. Corporate and Other includes the results and the Better Health VMS business through the date of divestiture of September 10, 2024.
The principal measure of segment profitability used by management is segment adjusted earnings (losses) before interest and income taxes (segment adjusted EBIT). Segment adjusted EBIT is defined as earnings (losses) before income taxes excluding interest income, interest expense and other significant items that are nonrecurring or unusual (such as the pension settlement charge, incremental charges and insurance recoveries related to the August 2023 cyberattack, asset impairments, charges related to the streamlined operating model, charges related to the digital capabilities and productivity enhancements investment, significant losses/(gains) related to acquisitions / divestitures and other nonrecurring or unusual items impacting comparability).
The tables below present reportable segment information and a reconciliation of the segment information to the Company’s consolidated net sales and earnings (losses) before income taxes, with amounts that are not allocated to the reportable segments reflected in Corporate and Other.
Net sales
Three months endedSix months ended
12/31/202412/31/202312/31/202412/31/2023
Health and Wellness$628 $720 $1,326 $1,224 
Household446 502 893 827 
Lifestyle338 403 658 632 
International274 311 533 581 
Reportable segment total
$1,686 $1,936 $3,410 $3,264 
Corporate and Other— 54 38 112 
Total$1,686 $1,990 $3,448 $3,376 
Segment adjusted EBIT
Three months endedSix months ended
12/31/202412/31/202312/31/202412/31/2023
Health and Wellness$193 $259 $428 $363 
Household48 92 108 88 
Lifestyle70 109 136 128 
International21 32 56 66 
Reportable segment total
$332 $492 $728 $645 
Corporate and Other(74)(106)(138)(168)
Total$258 $386 $590 $477 
Interest income2 7 5 17 
Interest expense(22)(26)(43)(47)
Loss on divestiture (1)
— — (118)— 
Pension settlement charge (2)
— (171)— (171)
Cyberattack costs, net of insurance recoveries (3)
25 (25)35 (49)
Streamlined operating model (4)
— (3)— (3)
Digital capabilities and productivity enhancements investment (5)
(26)(32)(55)(59)
Earnings before income taxes
$237 $136 $414 $165 
(1)Represents loss on divestiture of the Better Health VMS business corresponding to Corporate and Other. See Note 2 for additional details related to the divestiture.
(2)Represents costs related to the settlement of the domestic qualified pension plan corresponding to Corporate and Other. See Note 13 for additional details related to the pension settlement.
(3)Represents insurance recoveries of $25 and $35 in the three and six months ended December 31, 2024, respectively, and incurred incremental expenses of approximately $25 and $49 in the three and six months ended December 31, 2023, respectively, as a result of the cyberattack. See Note 3 for additional details related to the August 2023 cyberattack. For informational purposes, the following table provides the approximate cyberattack costs and insurance recoveries corresponding to the Company’s reportable segments as a percentage of the total:
Three months endedSix months ended
12/31/202412/31/202312/31/202412/31/2023
Health and Wellness— %9 %— %15 %
Household— 11 — 11 
Lifestyle— 12 — 13 
International— 7 — 4 
Corporate and Other100 61 100 57 
Total100 %100 %100 %100 %
(4)Represents restructuring and related implementation costs, net for the streamlined operating model of $3 for both the three and six months ended December 31, 2023, corresponding to Corporate and Other.
(5)Represents expenses related to the Company’s digital capabilities and productivity enhancements investment corresponding to Corporate and Other.
All intersegment sales are eliminated and are not included in the Company’s reportable segments’ net sales.
Net sales to the Company’s largest customer, Walmart Inc. and its affiliates, as a percentage of consolidated net sales, were 26% for both the three and six months ended December 31, 2024, and 23% and 25% for the three and six months ended December 31, 2023, respectively.
The following table provides Net sales as a percentage of the Company’s consolidated net sales, disaggregated by operating segment, for the periods indicated:
Net sales
Three months endedSix months ended
12/31/202412/31/202312/31/202412/31/2023
Cleaning32 %31 %33 %31 %
Professional Products5 5 5 5 
Health and Wellness37 %36 %38 %36 %
Bags and Wraps12 12 12 11 
Cat Litter10 9 9 9 
Grilling5 4 5 4 
Household27 %25 %26 %24 %
Food11 11 11 10 
Water Filtration4 4 4 5 
Natural Personal Care5 5 4 4 
Lifestyle20 %20 %19 %19 %
International16 %16 %16 %17 %
Corporate and Other— %3 %1 %4 %
Total100 %100 %100 %100 %
v3.25.0.1
SUBSEQUENT EVENTS
 6 Months Ended
Dec. 31, 2024
Subsequent Events [Abstract]  
SUBSEQUENT EVENTS SUBSEQUENT EVENTS
Venture Agreement
The Company has an agreement with The Procter & Gamble Company (P&G) for the Company’s Glad bags and wraps business. In connection with this agreement, P&G provides research and development (R&D) support to the Glad business. As of both December 31, 2024 and June 30, 2024, P&G had a 20% interest in the venture. The Company pays a royalty to P&G for its interest in the profits, losses and cash flows, as contractually defined, of the Glad business, which is included in Cost of products sold.
The term of this agreement was to expire in January 2026, unless the parties agreed, on or prior to January 31, 2025, to further extend the term of the agreement for another seven years or agree to take some other relevant action. Since the parties jointly did not opt to further extend the term of the agreement for another seven years or agree to take some other relevant action on or before January 31, 2025, the agreement will terminate in accordance with its terms in January 2026.
Upon termination of the agreement, the Company is required to purchase P&G’s 20% interest for cash at fair value as established by predetermined valuation procedures. As of both December 31, 2024 and June 30, 2024, the estimated fair value of P&G’s interest was $531, of which $517 and $510, respectively, has been recognized and is reflected in Other liabilities. Beginning in the third quarter of fiscal year 2025, this liability is expected to be presented within current liabilities as it is reasonably expected to be settled within one year. The difference between the estimated fair value and the amount recognized, and any future changes in the fair value of P&G’s interest, is charged to Cost of products sold in accordance with the effective interest method over the remaining life of the agreement. Following termination, the Glad business will retain the exclusive core intellectual property licenses contributed by P&G on a royalty-free basis for the licensed products marketed.
v3.25.0.1
Pay vs Performance Disclosure - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2024
Dec. 31, 2023
Pay vs Performance Disclosure        
Net Income (Loss) $ 193 $ 93 $ 292 $ 115
v3.25.0.1
Insider Trading Arrangements
 3 Months Ended 6 Months Ended
Dec. 31, 2024
shares
Dec. 31, 2024
shares
Trading Arrangements, by Individual    
Non-Rule 10b5-1 Arrangement Adopted false  
Rule 10b5-1 Arrangement Terminated false  
Non-Rule 10b5-1 Arrangement Terminated false  
Kirsten Marriner [Member]    
Trading Arrangements, by Individual    
Material Terms of Trading Arrangement   On December 9, 2024, Kirsten Marriner, executive vice president - chief people and corporate affairs officer, entered into a trading plan designed to satisfy the affirmative defense of Rule 10b5-1(c) under the Exchange Act. The plan provides for the potential exercise and sale of up to 48,911 options and up to 8,227 shares of the Company’s common stock between March 10, 2025 and March 2, 2027.
Name Kirsten Marriner  
Title executive vice president - chief people and corporate affairs officer  
Rule 10b5-1 Arrangement Adopted true  
Adoption Date December 9, 2024  
Expiration Date March 2, 2027  
Arrangement Duration 722 days  
Kirsten Marriner Trading Arrangement, Stock Options [Member] | Kirsten Marriner [Member]    
Trading Arrangements, by Individual    
Aggregate Available 48,911 48,911
Kristen Marriner Trading Arrangement, Common Stock [Member] | Kirsten Marriner [Member]    
Trading Arrangements, by Individual    
Aggregate Available 8,227 8,227
v3.25.0.1
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)
 6 Months Ended
Dec. 31, 2024
Accounting Policies [Abstract]  
Basis of Presentation
Basis of Presentation
The unaudited interim condensed consolidated financial statements for the three and six months ended December 31, 2024 and 2023, in the opinion of management, reflect all normal and recurring adjustments considered necessary for a fair presentation of the consolidated results of operations, financial position and cash flows of The Clorox Company and its controlled subsidiaries (the Company or Clorox) for the periods presented. However, the financial results for interim periods are not necessarily indicative of the results that may be expected for a full fiscal year or for any other future period. Percentage and basis point calculations are based on rounded numbers, except for per share data and the effective tax rate.
Certain information and footnote disclosures normally included in financial statements prepared in accordance with generally accepted accounting principles in the United States (U.S. GAAP) have been omitted or condensed pursuant to the rules and regulations of the U.S. Securities and Exchange Commission (SEC). The information in this report should be read in conjunction with the Company’s Annual Report on Form 10-K filed with the SEC for the fiscal year ended June 30, 2024, which includes a complete set of footnote disclosures, including the Company’s significant accounting policies.
Recently Issued Accounting Standards
Recently Issued Accounting Standards
Recently Issued Accounting Standards Not Yet Adopted
In November 2024, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2024-03, “Income Statement - Reporting Comprehensive Income - Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses.” These amendments primarily require enhanced quantitative and qualitative disclosures in the notes to the financial statements for specific expense categories underlying the expenses presented on the income statement. These amendments are to be applied prospectively to financial statements issued after the effective date or retrospectively to any or all periods presented in the financial statements. Early adoption is permitted. The standard will be effective for annual periods beginning after December 15, 2026, and subsequent interim periods. The Company is currently evaluating the impact that the adoption of this guidance will have on the Company’s disclosures.
In December 2023, the FASB issued ASU No. 2023-09, “Income Taxes (Topic 740): Improvements to Income Tax Disclosures.” These amendments primarily require enhanced disclosures and disaggregation of income tax information by jurisdiction in the annual income tax reconciliation and quantitative and qualitative disclosures regarding income taxes paid. These amendments are to be applied prospectively, with the option to apply the standard retrospectively, for annual periods beginning after December 15, 2024. Early adoption is permitted. The Company is currently evaluating the impact that the adoption of this guidance will have on the Company’s disclosures.
In November 2023, the FASB issued ASU No. 2023-07, “Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures.” These amendments primarily require enhanced disclosures about significant segment expenses regularly provided to the chief operating decision maker and included within each reported measure of segment profit or loss. The ASU also requires all annual disclosures currently required by Topic 280 to be included in interim periods. These amendments are to be applied retrospectively for all periods presented in the financial statements and will be effective for the annual period beginning July 1, 2024, and interim periods beginning July 1, 2025. The Company is currently evaluating the impact that the adoption of this guidance will have on the Company’s disclosures.
Recently Adopted Accounting Standards
In September 2022, the FASB issued ASU No. 2022-04, "Liabilities - Supplier Finance Programs (Subtopic 405-50): Disclosure of Supplier Finance Program Obligations.” These amendments require disclosure of the key terms of outstanding supplier finance programs and a rollforward of the related obligations. These amendments are effective for fiscal years beginning after December 15, 2022, except for the amendment on rollforward information, which is effective for fiscal years beginning after December 15, 2023. The Company adopted the standard as of July 1, 2023, except for the rollforward information which will be effective for the fiscal year ending June 30, 2025. The adoption relates to disclosures only and does not have an impact on the condensed consolidated financial statements, results of operations or cash flows.
Fair Value of Financial Instruments
Fair Value of Financial Instruments
Financial assets and liabilities measured at fair value on a recurring basis in the condensed consolidated balance sheets are required to be classified and disclosed in one of the following three categories of the fair value hierarchy:
Level 1: Quoted market prices in active markets for identical assets or liabilities.
Level 2: Observable market-based inputs or unobservable inputs that are corroborated by market data.
Level 3: Unobservable inputs reflecting the reporting entity’s own assumptions.
As of both December 31, 2024 and June 30, 2024, the Company’s financial assets and liabilities that were measured at fair value on a recurring basis during the period included derivative financial instruments, which were classified as either Level 1 or Level 2, and trust assets to fund the Company’s nonqualified deferred compensation plans, which were classified as Level 1.
Segment Results
The Company operates through strategic business units (SBUs) which are organized into operating segments. Operating segments are then aggregated into four reportable segments: Health and Wellness, Household, Lifestyle and International. Operating segments not aggregated into a reportable segment are reflected in Corporate and Other.
Corporate and Other includes certain non-allocated administrative costs and various other non-operating income and expenses. Assets in Corporate and Other include cash and cash equivalents, prepaid expenses and other current assets, property and equipment, operating lease right-of-use assets, other long-term assets and deferred taxes. Corporate and Other includes the results and the Better Health VMS business through the date of divestiture of September 10, 2024.
The principal measure of segment profitability used by management is segment adjusted earnings (losses) before interest and income taxes (segment adjusted EBIT). Segment adjusted EBIT is defined as earnings (losses) before income taxes excluding interest income, interest expense and other significant items that are nonrecurring or unusual (such as the pension settlement charge, incremental charges and insurance recoveries related to the August 2023 cyberattack, asset impairments, charges related to the streamlined operating model, charges related to the digital capabilities and productivity enhancements investment, significant losses/(gains) related to acquisitions / divestitures and other nonrecurring or unusual items impacting comparability).
v3.25.0.1
DIVESTITURES (Tables)
 6 Months Ended
Dec. 31, 2024
Discontinued Operations and Disposal Groups [Abstract]  
Schedule of Major Classes of Assets and Liabilities Divested and Net Sales of Divested Business
The major classes of assets and liabilities of the Better Health VMS business divested as of September 10, 2024 were as follows:
Divestiture
Working capital, net$41 
Property, plant and equipment, net59 
Trademarks, net
37 
Other intangible assets, net
58 
Other assets (1)
45 
Other liabilities(1)
Net assets divested$239 
(1) Includes net deferred tax assets of $45
The following table presents Net sales of the Better Health VMS business, which includes the financial results up to September 10, 2024, the date of sale:
Three months endedSix months ended
12/31/202412/31/202312/31/202412/31/2023
Net sales
$— $54 $38 $112 
v3.25.0.1
AUGUST 2023 CYBERATTACK (Tables)
 6 Months Ended
Dec. 31, 2024
Unusual or Infrequent Items, or Both [Abstract]  
Schedule of Costs Recognized from Cyberattack The following table summarizes the recognition of (insurance recoveries) and costs in the condensed consolidated statements of earnings and comprehensive income:
Three months endedSix months ended
12/31/202412/31/202312/31/202412/31/2023
Costs of products sold
$(2)$9 $(3)$20 
Selling and administrative expenses— 16 — 29 
Other (income) expense, net
(23)— (32)— 
Total$(25)$25 $(35)$49 
v3.25.0.1
RESTRUCTURING AND RELATED COSTS (Tables)
 6 Months Ended
Dec. 31, 2024
Restructuring and Related Activities [Abstract]  
Schedule of Restructuring and Related Implementation Costs
The following table reconciles the accrual for the streamlined operating model’s restructuring and related implementation costs discussed above, which are recorded within Accounts payable and accrued liabilities in the condensed consolidated balance sheets:
Employee-Related CostsOtherTotal
Accrual Balance as of June 30, 2024
$8 $11 $19 
Cash payments(7)(11)(18)
Accrual Balance as of December 31, 2024$1 $— $1 
v3.25.0.1
INVENTORIES, NET (Tables)
 6 Months Ended
Dec. 31, 2024
Inventory Disclosure [Abstract]  
Schedule of Inventories, Net
Inventories, net consisted of the following as of:
12/31/20246/30/2024
Finished goods$510 $556 
Raw materials and packaging150 172 
Work in process16 9 
LIFO allowances(84)(98)
Total inventories, net$592 $639 
Less: Non-current inventories, net (1)
— 2 
Total current inventories, net$592 $637 
(1)Non-current inventories, net are recorded in Other assets.
v3.25.0.1
FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS (Tables)
 6 Months Ended
Dec. 31, 2024
FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS [Abstract]  
Schedule of Effects of Derivative Instruments Designated as Hedging Instruments on OCI
The effects of derivative instruments designated as hedging instruments on Other comprehensive (loss) income and Net earnings (losses) were as follows:
Gains (losses) recognized in Other comprehensive (loss) income
Three months endedSix months ended
12/31/202412/31/202312/31/202412/31/2023
Commodity purchase derivative contracts$— $(4)$(3)$(5)
Foreign exchange derivative contracts3 (2)2 (1)
Total$3 $(6)$(1)$(6)
Schedule of Effects of Derivative Instruments Designated as Hedging Instruments on Net Earnings
Location of gains (losses) reclassified from Accumulated other comprehensive net (loss) income into Net earningsGains (losses) reclassified from Accumulated other comprehensive net (loss) income and recognized in Net earnings
Three months endedSix months ended
12/31/202412/31/202312/31/202412/31/2023
Commodity purchase derivative contractsCost of products sold$(2)$— $(3)$(2)
Interest rate derivative contractsInterest expense3 3 6 6 
Total$1 $3 $3 $4 
Schedule of Assets and Liabilities for Fair Value of Derivative Instruments and Fair Value Disclosure The following table provides information about the balance sheet classification and the fair values of the Company’s derivative instruments:
 12/31/20246/30/2024
Balance sheet
classification		Fair value
hierarchy
level		Carrying
Amount		Estimated
Fair
Value		Carrying
Amount		Estimated
Fair
Value
Assets
Commodity purchase swaps contractsPrepaid expenses and other current assets2$— $— $1 $1 
Foreign exchange forward contractsPrepaid expenses and other current assets22 2 — — 
 $2 $2 $1 $1 
Liabilities
Commodity purchase futures contractsAccounts payable and accrued liabilities1$2 $2 $2 $2 
Commodity purchase swaps contractsAccounts payable and accrued liabilities21 1 — — 
$3 $3 $2 $2 
The following table provides information about the balance sheet classification and the fair values of the Company’s other assets and liabilities for which disclosure of fair value is required:
 12/31/20246/30/2024
Balance sheet
classification		Fair value
hierarchy
level		Carrying
Amount		Estimated
Fair
Value		Carrying
Amount		Estimated
Fair
Value
Assets
Interest-bearing investments, including money market funds
Cash and cash
equivalents (1)
1$158 $158 $95 $95 
Time deposits
Cash and cash
equivalents (1)
28 8 9 9 
Trust assets for nonqualified deferred compensation plansOther assets1170 170 154 154 
 $336 $336 $258 $258 
Liabilities
Notes and loans payable
Notes and loans payable (2)
2$189 $189 $4 $4 
Long-term debt
Long-term debt (3)
22,483 2,373 2,481 2,341 
$2,672 $2,562 $2,485 $2,345 
(1)Cash and cash equivalents are composed of time deposits and other interest-bearing investments, including money market funds with original maturity dates of 90 days or less. Cash and cash equivalents are recorded at cost, which approximates fair value.
(2)Notes and loans payable are composed of outstanding U.S. commercial paper balances and/or amounts drawn on the Company’s credit agreements, all of which are recorded at cost, which approximates fair value. The weighted average effective interest rate on Notes and loan payable balances as of December 31, 2024 and June 30, 2024 were 4.67% and 5.60%, respectively.
(3)Long-term debt is recorded at cost. The fair value of Long-term debt was determined using secondary market prices quoted by corporate bond dealers, and is classified as Level 2.
v3.25.0.1
OTHER (INCOME) EXPENSE, NET (Tables)
 6 Months Ended
Dec. 31, 2024
Other Income and Expenses [Abstract]  
Major Components of Other (Income) Expense, Net
The major components of Other (income) expense, net were:
Three months endedSix months ended
12/31/202412/31/202312/31/202412/31/2023
Amortization of trademarks and other intangible assets$5 $7 $11 $15 
Trust investment (gains) losses, net1 (12)(8)(10)
Net periodic benefit (credit) cost
(4)5 (3)10 
Foreign exchange transaction (gains) losses, net (1)
2 15 3 23 
Income from equity investees(1)(1)(3)(2)
Interest income(2)(7)(5)(17)
Gain on sale-leaseback transaction (2)
— (16)— (16)
Cyberattack insurance recoveries (3)
(23)— (32)— 
Other(1)2 (8)2 
Total$(23)$(7)$(45)$5 
(1)Foreign exchange losses were primarily related to the Company’s operations in Argentina in the three and six month periods ended December 31, 2023.
(2)On December 14, 2023, the Company completed an asset sale-leaseback transaction on a warehouse in Fairfield, California. The transaction resulted in a $16 gain which was recognized in Other (income) expense, net in the Health and Wellness segment. Refer to Notes to Consolidated Financial Statements in the Company’s Annual Report on Form 10-K for the year ended June 30, 2024 for further information related to the sale-leaseback transaction.
(3)Insurance recoveries related to the August 2023 cyberattack. See Note 3 for additional details.
v3.25.0.1
NET EARNINGS PER SHARE (EPS) (Tables)
 6 Months Ended
Dec. 31, 2024
Earnings Per Share [Abstract]  
Schedule of Weighted Average Number of Shares Outstanding and Antidilutive Shares
The following is the reconciliation of the weighted average number of shares outstanding (in thousands) used to calculate basic net EPS to those used to calculate diluted net EPS:
Three months endedSix months ended
12/31/202412/31/202312/31/202412/31/2023
Basic123,766124,176123,781124,075
Dilutive effect of stock options and other896444888560
Diluted124,662124,620124,669124,635
Antidilutive stock options and other8413,527 841 3,527 
v3.25.0.1
COMPREHENSIVE INCOME (Tables)
 6 Months Ended
Dec. 31, 2024
Stockholders' Equity Note [Abstract]  
Schedule of Comprehensive Income
The following table provides a summary of Comprehensive income for the periods indicated:
Three months endedSix months ended
12/31/202412/31/202312/31/202412/31/2023
Net earnings
$194 $96 $297 $121 
Other comprehensive income, net of tax:
Foreign currency translation adjustments(34)17 (20)6 
Net unrealized gains (losses) on derivatives1 (8)(5)(9)
Pension and postretirement benefit adjustments(1)126 (1)137 
Total other comprehensive (loss) income, net of tax(34)135 (26)134 
Comprehensive income
160 231 271 255 
Less: Total comprehensive income attributable to noncontrolling interests1 3 5 6 
Total comprehensive income attributable to Clorox
$159 $228 $266 $249 
v3.25.0.1
STOCKHOLDERS' EQUITY (Tables)
 6 Months Ended
Dec. 31, 2024
Equity [Abstract]  
Schedule of Changes in Components of Stockholders’ Equity
Changes in the components of Stockholders’ equity were as follows for the periods indicated:
Three months ended December 31
(Dollars in millions except per share data; shares in thousands)
Common stockAdditional paid-in capitalRetained earningsTreasury stockAccumulated
other
comprehensive
net (loss) income		Noncontrolling interestsTotal stockholders’ equity
AmountShares AmountShares
Balance as of September 30, 2023$131 130,741 $1,246 $299 $(1,219)(6,740)$(494)$168 $131 
Net earnings— — — 93 — — — 3 96 
Other comprehensive (loss) income— — — — — — 135 — 135 
Dividends to Clorox stockholders ($1.20 per share declared)
— — — (150)— — — — (150)
Dividends to noncontrolling interests— — — — — — — (6)(6)
Stock-based compensation— — 16 — — — — — 16 
Other employee stock plan activities— — (17)(1)14 79 — — (4)
Balance as of December 31, 2023$131 130,741 $1,245 $241 $(1,205)(6,661)$(359)$165 $218 
Balance as of September 30, 2024$131 130,741 $1,297 $31 $(1,252)(7,068)$(147)$164 $224 
Net earnings— — — 193 — — — 1 194 
Other comprehensive (loss) income— — — — — — (34)— (34)
Dividends to Clorox stockholders ($1.22 per share declared)
— — — (152)— — — — (152)
Dividends to noncontrolling interests— — — — — — — (3)(3)
Stock-based compensation— — 27 — — — — — 27 
Other employee stock plan activities— — (37)(4)56 383 — — 15 
Treasury stock purchased— — — — (150)(906)— — (150)
Balance as of December 31, 2024$131 130,741 $1,287 $68 $(1,346)(7,591)$(181)$162 $121 
Six months ended December 31
(Dollars in millions except per share data; shares in thousands)
Common stock
Additional paid-in capital
Retained earnings
Treasury stock
Accumulated
other
comprehensive
net (loss) income
Noncontrolling interests
Total stockholders’ equity
AmountSharesAmountShares
Balance as of June 30, 2023$131 130,741 $1,245 $583 $(1,246)(6,921)$(493)$168 $388 
Net earnings— — — 115 — — — 6 121 
Other comprehensive (loss) income— — — — — — 134 — 134 
Dividends to Clorox stockholders ($3.60 per share declared)
— — — (450)— — — — (450)
Dividends to noncontrolling interests— — — — — — — (9)(9)
Stock-based compensation— — 29 — — — — — 29 
Other employee stock plan activities— — (29)(7)41 260 — — 5 
Balance as of December 31, 2023$131 130,741 $1,245 $241 $(1,205)(6,661)$(359)$165 $218 
Balance as of June 30, 2024$131 130,741 $1,288 $250 $(1,186)(6,540)$(155)$164 $492 
Net earnings— — — 292 — — — 5 297 
Other comprehensive (loss) income— — — — — — (26)— (26)
Dividends to Clorox stockholders ($3.66 per share declared)
— — — (457)— — — — (457)
Dividends to noncontrolling interests— — — — — — — (7)(7)
Stock-based compensation— — 40 — — — — — 40 
Other employee stock plan activities— — (41)(17)97 644 — — 39 
Treasury stock purchased— — — — (257)(1,695)— — (257)
Balance as of December 31, 2024$131 130,741 $1,287 $68 $(1,346)(7,591)$(181)$162 $121 
Schedule of Changes in Accumulated Other Comprehensive Net (Loss) Income
Changes in Accumulated other comprehensive net (loss) income attributable to Clorox by component were as follows for the periods indicated:
Three months ended December 31
Foreign currency translation adjustmentsNet unrealized gains (losses) on derivativesPension and postretirement benefit adjustmentsAccumulated other comprehensive net (loss) income
Balance as of September 30, 2023$(456)$98 $(136)$(494)
Other comprehensive (loss) income before reclassifications17 (6)(7)4 
Amounts reclassified from Accumulated other comprehensive net (loss) income (1)
— (3)172 169 
Income tax benefit (expense)— 1 (39)(38)
Net current period other comprehensive (loss) income17 (8)126 135 
Balance as of December 31, 2023$(439)$90 $(10)$(359)
Balance as of September 30, 2024$(225)$79 $(1)$(147)
Other comprehensive (loss) income before reclassifications(34)3 — (31)
Amounts reclassified from Accumulated other comprehensive net (loss) income
— (1)(1)(2)
Income tax benefit (expense)
— (1)— (1)
Net current period other comprehensive (loss) income(34)1 (1)(34)
Balance as of December 31, 2024$(259)$80 $(2)$(181)
Six months ended December 31
Foreign currency translation adjustmentsNet unrealized gains (losses) on derivatives
Pension and postretirement benefit adjustments
Accumulated other comprehensive net (loss) income
Balance as of June 30, 2023$(445)$99 $(147)$(493)
Other comprehensive (loss) income before reclassifications6 (6)4 4 
Amounts reclassified from Accumulated other comprehensive net (loss) income (1)
— (4)175 171 
Income tax benefit (expense)— 1 (42)(41)
Net current period other comprehensive (loss) income6 (9)137 134 
Balance as of December 31, 2023$(439)$90 $(10)$(359)
Balance as of June 30, 2024$(239)$85 $(1)$(155)
Other comprehensive (loss) income before reclassifications(20)(1)— (21)
Amounts reclassified from Accumulated other comprehensive net (loss) income
— (3)(1)(4)
Income tax benefit (expense)
— (1)— (1)
Net current period other comprehensive (loss) income(20)(5)(1)(26)
Balance as of December 31, 2024$(259)$80 $(2)$(181)
(1)Includes recognition of pension settlement charge reclassified into Net earnings. See Note 13 for additional details.
v3.25.0.1
EMPLOYEE BENEFIT PLANS (Tables)
 6 Months Ended
Dec. 31, 2024
Retirement Benefits [Abstract]  
Schedule of Components of Net Periodic Benefit (Credit ) Cost
The following table summarizes the components of net periodic benefit (credit) cost for the Company’s remaining retirement income plans:
Three months endedSix months ended
12/31/202412/31/202312/31/202412/31/2023
Interest cost$2 $3 $3 $8 
Expected return on plan assets (1)
(1)1 (1)(2)
Amortization of unrecognized items— 1 — 3 
Curtailment gain
— (6)— (6)
Settlement (gain) loss
(4)177 (4)178 
Total$(3)$176 $(2)$181 
(1)The weighted average long-term expected rate of return on plan assets used in computing the fiscal year 2025 net periodic benefit cost is 5.8%.
v3.25.0.1
SEGMENT RESULTS (Tables)
 6 Months Ended
Dec. 31, 2024
Segment Reporting [Abstract]  
Schedule of Reportable Segment Information
The tables below present reportable segment information and a reconciliation of the segment information to the Company’s consolidated net sales and earnings (losses) before income taxes, with amounts that are not allocated to the reportable segments reflected in Corporate and Other.
Net sales
Three months endedSix months ended
12/31/202412/31/202312/31/202412/31/2023
Health and Wellness$628 $720 $1,326 $1,224 
Household446 502 893 827 
Lifestyle338 403 658 632 
International274 311 533 581 
Reportable segment total
$1,686 $1,936 $3,410 $3,264 
Corporate and Other— 54 38 112 
Total$1,686 $1,990 $3,448 $3,376 
Segment adjusted EBIT
Three months endedSix months ended
12/31/202412/31/202312/31/202412/31/2023
Health and Wellness$193 $259 $428 $363 
Household48 92 108 88 
Lifestyle70 109 136 128 
International21 32 56 66 
Reportable segment total
$332 $492 $728 $645 
Corporate and Other(74)(106)(138)(168)
Total$258 $386 $590 $477 
Interest income2 7 5 17 
Interest expense(22)(26)(43)(47)
Loss on divestiture (1)
— — (118)— 
Pension settlement charge (2)
— (171)— (171)
Cyberattack costs, net of insurance recoveries (3)
25 (25)35 (49)
Streamlined operating model (4)
— (3)— (3)
Digital capabilities and productivity enhancements investment (5)
(26)(32)(55)(59)
Earnings before income taxes
$237 $136 $414 $165 
(1)Represents loss on divestiture of the Better Health VMS business corresponding to Corporate and Other. See Note 2 for additional details related to the divestiture.
(2)Represents costs related to the settlement of the domestic qualified pension plan corresponding to Corporate and Other. See Note 13 for additional details related to the pension settlement.
(3)Represents insurance recoveries of $25 and $35 in the three and six months ended December 31, 2024, respectively, and incurred incremental expenses of approximately $25 and $49 in the three and six months ended December 31, 2023, respectively, as a result of the cyberattack. See Note 3 for additional details related to the August 2023 cyberattack. For informational purposes, the following table provides the approximate cyberattack costs and insurance recoveries corresponding to the Company’s reportable segments as a percentage of the total:
Three months endedSix months ended
12/31/202412/31/202312/31/202412/31/2023
Health and Wellness— %9 %— %15 %
Household— 11 — 11 
Lifestyle— 12 — 13 
International— 7 — 4 
Corporate and Other100 61 100 57 
Total100 %100 %100 %100 %
(4)Represents restructuring and related implementation costs, net for the streamlined operating model of $3 for both the three and six months ended December 31, 2023, corresponding to Corporate and Other.
(5)Represents expenses related to the Company’s digital capabilities and productivity enhancements investment corresponding to Corporate and Other.
Schedule of Net Sales Percentages
The following table provides Net sales as a percentage of the Company’s consolidated net sales, disaggregated by operating segment, for the periods indicated:
Net sales
Three months endedSix months ended
12/31/202412/31/202312/31/202412/31/2023
Cleaning32 %31 %33 %31 %
Professional Products5 5 5 5 
Health and Wellness37 %36 %38 %36 %
Bags and Wraps12 12 12 11 
Cat Litter10 9 9 9 
Grilling5 4 5 4 
Household27 %25 %26 %24 %
Food11 11 11 10 
Water Filtration4 4 4 5 
Natural Personal Care5 5 4 4 
Lifestyle20 %20 %19 %19 %
International16 %16 %16 %17 %
Corporate and Other— %3 %1 %4 %
Total100 %100 %100 %100 %
v3.25.0.1
DIVESTITURES - Narrative (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2024
Dec. 31, 2023
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]        
Loss on divestiture $ 0 $ 0 $ 118 $ 0
Vitamins, Minerals and Supplements Business | Disposal Group, Disposed of by Sale, Not Discontinued Operations        
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]        
Loss on divestiture     118  
Net sales $ 0 54 $ 38 112
Argentina Business | Disposal Group, Disposed of by Sale, Not Discontinued Operations        
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]        
Net sales   $ 47   $ 80
v3.25.0.1
DIVESTITURES - Schedule of Major Classes of Assets and Liabilities Divested (Details) - Vitamins, Minerals and Supplements Business - Disposal Group, Disposed of by Sale, Not Discontinued Operations
$ in Millions
Dec. 31, 2024
USD ($)
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]  
Working capital, net $ 41
Property, plant and equipment, net 59
Trademarks, net 37
Other intangible assets, net 58
Other assets 45
Other liabilities (1)
Net assets divested 239
Deferred tax assets $ 45
v3.25.0.1
DIVESTITURES - Schedule of Net Sales of Divested Business (Details) - Disposal Group, Disposed of by Sale, Not Discontinued Operations - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2024
Dec. 31, 2023
Vitamins, Minerals and Supplements Business        
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]        
Net sales $ 0 $ 54 $ 38 $ 112
Argentina Business        
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]        
Net sales   $ 47   $ 80
v3.25.0.1
AUGUST 2023 CYBERATTACK - Narrative (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2024
Dec. 31, 2023
Unusual or Infrequent Item, or Both [Line Items]        
Insurance proceeds, net of expenses $ 23 $ 0 $ 32 $ 0
August 2023 Cyberattack        
Unusual or Infrequent Item, or Both [Line Items]        
Insurance proceeds, net of expenses $ 25 $ (25) $ 35 $ (49)
v3.25.0.1
AUGUST 2023 CYBERATTACK - Schedule of Costs Recognized from Cyberattack (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2024
Dec. 31, 2023
Unusual or Infrequent Item, or Both [Line Items]        
Insurance proceeds, net of expenses $ (23) $ 0 $ (32) $ 0
August 2023 Cyberattack        
Unusual or Infrequent Item, or Both [Line Items]        
Insurance proceeds, net of expenses (25) 25 (35) 49
Costs of products sold | August 2023 Cyberattack        
Unusual or Infrequent Item, or Both [Line Items]        
Insurance proceeds, net of expenses (2) 9 (3) 20
Selling and administrative expenses | August 2023 Cyberattack        
Unusual or Infrequent Item, or Both [Line Items]        
Insurance proceeds, net of expenses 0 16 0 29
Other (income) expense, net | August 2023 Cyberattack        
Unusual or Infrequent Item, or Both [Line Items]        
Insurance proceeds, net of expenses $ (23) $ 0 $ (32) $ 0
v3.25.0.1
SUPPLY CHAIN FINANCING PROGRAM (Details) - USD ($)
$ in Millions
Dec. 31, 2024
Jun. 30, 2024
Supplier Finance Program [Line Items]    
Supplier Finance Program, Obligation, Current, Statement of Financial Position [Extensible Enumeration] Accounts payable and accrued liabilities Accounts payable and accrued liabilities
Amount due to suppliers participating in SCF $ 218 $ 205
Maximum    
Supplier Finance Program [Line Items]    
SCF payment term 120 days  
v3.25.0.1
RESTRUCTURING AND RELATED COSTS - Narrative (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2024
Dec. 31, 2023
Restructuring and Related Activities [Abstract]        
Total costs $ 0 $ 3 $ 0 $ 3
v3.25.0.1
RESTRUCTURING AND RELATED COSTS - Schedule of Restructuring and Related Implementation Costs (Details)
$ in Millions
 6 Months Ended
Dec. 31, 2024
USD ($)
Restructuring Reserve [Roll Forward]  
Beginning balance $ 19
Cash payments (18)
Ending balance 1
Employee-Related Costs  
Restructuring Reserve [Roll Forward]  
Beginning balance 8
Cash payments (7)
Ending balance 1
Other  
Restructuring Reserve [Roll Forward]  
Beginning balance 11
Cash payments (11)
Ending balance $ 0
v3.25.0.1
INVENTORIES, NET (Details) - USD ($)
$ in Millions
Dec. 31, 2024
Jun. 30, 2024
Inventory Disclosure [Abstract]    
Finished goods $ 510 $ 556
Raw materials and packaging 150 172
Work in process 16 9
LIFO allowances (84) (98)
Total inventories, net 592 639
Less: Non-current inventories, net 0 2
Total current inventories, net $ 592 $ 637
v3.25.0.1
FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS - Narrative (Details) - USD ($)
 6 Months Ended
Dec. 31, 2024
Jun. 30, 2024
Derivative [Line Items]    
Maximum duration, foreign exchange contracts (in years) 2 years  
Maximum duration, interest rate contracts (in years) 3 years  
Estimated amount of the existing net gain (loss) to be reclassified into earnings in the next 12 months $ 11,000,000  
Amount of derivative instruments subject to contractually defined counterparty liability position limits 0 $ 0
Commodity purchase derivative contracts    
Derivative [Line Items]    
Cash margin balances amount 3,000,000 3,000,000
Interest rate contracts    
Derivative [Line Items]    
Notional amount of derivatives 0 0
Purchases of Inventory | Foreign exchange derivative contracts    
Derivative [Line Items]    
Notional amount of derivatives $ 36,000,000 29,000,000
Total Commodity Purchase Derivative Contracts    
Derivative [Line Items]    
Maximum duration, commodity contracts (in years) 2 years  
Notional amount of derivatives $ 25,000,000 $ 38,000,000
v3.25.0.1
FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS - Schedule of Effects of Derivative Instruments Designated as Hedging Instruments on OCI and Net Earnings (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2024
Dec. 31, 2023
Derivative Instruments, Gain (Loss) [Line Items]        
Gains (losses) recognized in Other comprehensive (loss) income $ 3 $ (6) $ (1) $ (6)
Gains (losses) reclassified from Accumulated other comprehensive net (loss) income and recognized in Net earnings 1 3 3 4
Commodity purchase derivative contracts        
Derivative Instruments, Gain (Loss) [Line Items]        
Gains (losses) recognized in Other comprehensive (loss) income 0 (4) (3) (5)
Gains (losses) reclassified from Accumulated other comprehensive net (loss) income and recognized in Net earnings (2) 0 (3) (2)
Foreign exchange derivative contracts        
Derivative Instruments, Gain (Loss) [Line Items]        
Gains (losses) recognized in Other comprehensive (loss) income 3 (2) 2 (1)
Interest rate derivative contracts        
Derivative Instruments, Gain (Loss) [Line Items]        
Gains (losses) reclassified from Accumulated other comprehensive net (loss) income and recognized in Net earnings $ 3 $ 3 $ 6 $ 6
v3.25.0.1
FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS - Schedule of Assets and Liabilities for Fair Value of Derivative Instruments (Details) - USD ($)
$ in Millions
Dec. 31, 2024
Jun. 30, 2024
Carrying Amount    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Assets $ 2 $ 1
Liabilities 3 2
Estimated Fair Value    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Assets 2 1
Liabilities 3 2
Commodity purchase derivative contracts | Level 2 | Carrying Amount    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Assets 0 1
Liabilities 1 0
Commodity purchase derivative contracts | Level 2 | Estimated Fair Value    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Assets 0 1
Liabilities 1 0
Commodity purchase derivative contracts | Level 1 | Carrying Amount    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Liabilities 2 2
Commodity purchase derivative contracts | Level 1 | Estimated Fair Value    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Liabilities 2 2
Foreign exchange forward contract | Level 2 | Carrying Amount    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Assets 2 0
Foreign exchange forward contract | Level 2 | Estimated Fair Value    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Assets $ 2 $ 0
v3.25.0.1
FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS - Schedule of Assets and Liabilities for Fair Value Disclosure (Details) - USD ($)
$ in Millions
Dec. 31, 2024
Jun. 30, 2024
Assets    
Cash and cash equivalents $ 290 $ 202
Total assets 5,577 5,751
Liabilities    
Notes and loans payable 189 4
Total liabilities $ 5,456 $ 5,259
Weighted average effective interest rate of notes and loans payable, percent 4.67% 5.60%
Carrying Amount    
Assets    
Total assets $ 336 $ 258
Liabilities    
Total liabilities 2,672 2,485
Estimated Fair Value    
Assets    
Total assets, estimated fair value 336 258
Liabilities    
Total liabilities, estimated fair value 2,562 2,345
Level 1 | Carrying Amount    
Assets    
Trust assets for nonqualified deferred compensation plans 170 154
Level 1 | Estimated Fair Value    
Assets    
Trust assets for nonqualified deferred compensation plans, estimated fair value 170 154
Level 2 | Carrying Amount | Long-term debt    
Liabilities    
Long-term debt 2,483 2,481
Level 2 | Carrying Amount | Notes and loans payable    
Liabilities    
Notes and loans payable 189 4
Level 2 | Estimated Fair Value | Long-term debt    
Liabilities    
Long-term debt, estimated fair value 2,373 2,341
Level 2 | Estimated Fair Value | Notes and loans payable    
Liabilities    
Notes and loans payable, estimated fair value 189 4
Interest-bearing investments, including money market funds | Level 1 | Carrying Amount    
Assets    
Cash and cash equivalents 158 95
Interest-bearing investments, including money market funds | Level 1 | Estimated Fair Value    
Assets    
Cash and cash equivalents, estimated fair value 158 95
Time deposits | Level 2 | Carrying Amount    
Assets    
Cash and cash equivalents 8 9
Time deposits | Level 2 | Estimated Fair Value    
Assets    
Cash and cash equivalents, estimated fair value $ 8 $ 9
v3.25.0.1
OTHER (INCOME) EXPENSE, NET (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Dec. 14, 2023
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2024
Dec. 31, 2023
Other Income and Expenses [Abstract]          
Amortization of trademarks and other intangible assets   $ 5 $ 7 $ 11 $ 15
Trust investment (gains) losses, net   1 (12) (8) (10)
Net periodic benefit (credit) cost   (4) 5 (3) 10
Foreign exchange transaction (gains) losses, net   2 15 3 23
Income from equity investees   (1) (1) (3) (2)
Interest income   (2) (7) (5) (17)
Gain on sale-leaseback transaction   0 (16) 0 (16)
Cyberattack insurance recoveries   23 0 32 0
Other   (1) 2 (8) 2
Total   (23) (7) (45) 5
Segment Reporting Information [Line Items]          
Gain on sale-leaseback transaction   $ 0 $ 16 $ 0 $ 16
Health and Wellness          
Other Income and Expenses [Abstract]          
Gain on sale-leaseback transaction $ (16)        
Segment Reporting Information [Line Items]          
Gain on sale-leaseback transaction $ 16        
v3.25.0.1
INCOME TAXES (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2024
Dec. 31, 2023
Income Tax Disclosure [Abstract]        
Effective tax rate on earnings 18.10% 29.30% 28.20% 26.70%
Income taxes paid, net of refunds     $ 148 $ 194
v3.25.0.1
NET EARNINGS PER SHARE (EPS) (Details) - shares
shares in Thousands
 3 Months Ended 6 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2024
Dec. 31, 2023
Earnings Per Share [Abstract]        
Basic (in shares) 123,766 124,176 123,781 124,075
Dilutive effect of stock options and other (in shares) 896 444 888 560
Diluted (in shares) 124,662 124,620 124,669 124,635
Antidilutive stock options and other (in shares) 841 3,527 841 3,527
v3.25.0.1
COMPREHENSIVE INCOME (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2024
Dec. 31, 2023
Stockholders' Equity Note [Abstract]        
Net earnings $ 194 $ 96 $ 297 $ 121
Other comprehensive income, net of tax:        
Foreign currency translation adjustments (34) 17 (20) 6
Net unrealized gains (losses) on derivatives 1 (8) (5) (9)
Pension and postretirement benefit adjustments (1) 126 (1) 137
Total other comprehensive (loss) income, net of tax (34) 135 (26) 134
Comprehensive income 160 231 271 255
Less: Total comprehensive income attributable to noncontrolling interests 1 3 5 6
Total comprehensive income attributable to Clorox $ 159 $ 228 $ 266 $ 249
v3.25.0.1
STOCKHOLDERS' EQUITY - Schedule of Changes in Components of Stockholders’ Equity (Details) - USD ($)
$ / shares in Units, $ in Millions
 3 Months Ended 6 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2024
Dec. 31, 2023
Increase (Decrease) in Stockholders' Equity [Roll Forward]        
Beginning balance $ 224 $ 131 $ 492 $ 388
Beginning balance, common stock (in shares)     124,201,807  
Beginning balance, treasury stock (in shares)     (6,539,654)  
Net earnings 194 96 $ 297 121
Other comprehensive (loss) income (34) 135 (26) 134
Dividends to Clorox stockholders (152) (150) (457) (450)
Dividends to noncontrolling interests (3) (6) (7) (9)
Stock-based compensation 27 16 40 29
Other employee stock plan activities 15 (4) 39 5
Treasury stock purchased (150)   (257)  
Ending balance $ 121 $ 218 $ 121 $ 218
Ending balance, common stock (in shares) 123,150,847   123,150,847  
Ending balance, treasury stock (in shares) (7,590,614)   (7,590,614)  
Dividends declared per share (in dollars per share) $ 1.22 $ 1.20 $ 3.66 $ 3.60
Common stock        
Increase (Decrease) in Stockholders' Equity [Roll Forward]        
Beginning balance $ 131 $ 131 $ 131 $ 131
Beginning balance, common stock (in shares) 130,741,000 130,741,000 130,741,000 130,741,000
Ending balance $ 131 $ 131 $ 131 $ 131
Ending balance, common stock (in shares) 130,741,000 130,741,000 130,741,000 130,741,000
Additional paid-in capital        
Increase (Decrease) in Stockholders' Equity [Roll Forward]        
Beginning balance $ 1,297 $ 1,246 $ 1,288 $ 1,245
Stock-based compensation 27 16 40 29
Other employee stock plan activities (37) (17) (41) (29)
Ending balance 1,287 1,245 1,287 1,245
Retained earnings        
Increase (Decrease) in Stockholders' Equity [Roll Forward]        
Beginning balance 31 299 250 583
Net earnings 193 93 292 115
Dividends to Clorox stockholders (152) (150) (457) (450)
Other employee stock plan activities (4) (1) (17) (7)
Ending balance 68 241 68 241
Treasury stock        
Increase (Decrease) in Stockholders' Equity [Roll Forward]        
Beginning balance $ (1,252) $ (1,219) $ (1,186) $ (1,246)
Beginning balance, treasury stock (in shares) (7,068,000) (6,740,000) (6,540,000) (6,921,000)
Other employee stock plan activities $ 56 $ 14 $ 97 $ 41
Other employee stock plan activities (in shares) 383,000 79,000 644,000 260,000
Treasury stock purchased $ (150)   $ (257)  
Treasury stock purchased (in shares) (906,000)   (1,695,000)  
Ending balance $ (1,346) $ (1,205) $ (1,346) $ (1,205)
Ending balance, treasury stock (in shares) (7,591,000) (6,661,000) (7,591,000) (6,661,000)
Accumulated other comprehensive net (loss) income        
Increase (Decrease) in Stockholders' Equity [Roll Forward]        
Beginning balance $ (147) $ (494) $ (155) $ (493)
Other comprehensive (loss) income (34) 135 (26) 134
Ending balance (181) (359) (181) (359)
Noncontrolling interests        
Increase (Decrease) in Stockholders' Equity [Roll Forward]        
Beginning balance 164 168 164 168
Net earnings 1 3 5 6
Dividends to noncontrolling interests (3) (6) (7) (9)
Ending balance $ 162 $ 165 $ 162 $ 165
v3.25.0.1
STOCKHOLDERS' EQUITY - Schedule of Changes in Accumulated Other Comprehensive Net (Loss) Income (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2024
Dec. 31, 2023
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]        
Beginning balance     $ 328  
Total other comprehensive (loss) income, net of tax $ (34) $ 135 (26) $ 134
Ending balance (41)   (41)  
Accumulated other comprehensive net (loss) income        
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]        
Beginning balance (147) (494) (155) (493)
Other comprehensive (loss) income before reclassifications (31) 4 (21) 4
Amounts reclassified from Accumulated other comprehensive net (loss) income (2) 169 (4) 171
Income tax benefit (expense) (1) (38) (1) (41)
Total other comprehensive (loss) income, net of tax (34) 135 (26) 134
Ending balance (181) (359) (181) (359)
Foreign currency translation adjustments        
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]        
Beginning balance (225) (456) (239) (445)
Other comprehensive (loss) income before reclassifications (34) 17 (20) 6
Amounts reclassified from Accumulated other comprehensive net (loss) income 0 0 0 0
Income tax benefit (expense) 0 0 0 0
Total other comprehensive (loss) income, net of tax (34) 17 (20) 6
Ending balance (259) (439) (259) (439)
Net unrealized gains (losses) on derivatives        
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]        
Beginning balance 79 98 85 99
Other comprehensive (loss) income before reclassifications 3 (6) (1) (6)
Amounts reclassified from Accumulated other comprehensive net (loss) income (1) (3) (3) (4)
Income tax benefit (expense) (1) 1 (1) 1
Total other comprehensive (loss) income, net of tax 1 (8) (5) (9)
Ending balance 80 90 80 90
Pension and postretirement benefit adjustments        
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]        
Beginning balance (1) (136) (1) (147)
Other comprehensive (loss) income before reclassifications 0 (7) 0 4
Amounts reclassified from Accumulated other comprehensive net (loss) income (1) 172 (1) 175
Income tax benefit (expense) 0 (39) 0 (42)
Total other comprehensive (loss) income, net of tax (1) 126 (1) 137
Ending balance $ (2) $ (10) $ (2) $ (10)
v3.25.0.1
EMPLOYEE BENEFIT PLANS - Narrative (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2024
Dec. 31, 2023
Defined Benefit Plan Disclosure [Line Items]        
One-time noncash settlement charge, net of curtailment gain $ 0 $ 171 $ 0 $ 171
Net periodic benefit (credit) cost (4) 5 (3) 10
Retirement Health Care        
Defined Benefit Plan Disclosure [Line Items]        
Net periodic benefit (credit) cost (1) 0 (1) 0
UNITED STATES | Retirement Income        
Defined Benefit Plan Disclosure [Line Items]        
One-time noncash settlement charge, net of curtailment gain   171    
One-time noncash settlement charge, net of curtailment gain, after tax   130    
Retirement plan contributions $ 2 $ 2 $ 4 $ 4
v3.25.0.1
EMPLOYEE BENEFIT PLANS - Schedule of Components of Net Periodic Benefit (Credit) Cost (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2024
Dec. 31, 2023
Defined Benefit Plan Disclosure [Line Items]        
Total $ (4) $ 5 $ (3) $ 10
UNITED STATES | Retirement Income        
Defined Benefit Plan Disclosure [Line Items]        
Weighted average long-term expected rate or return on plan assets (percentage)     5.80%  
UNITED STATES | Retirement Income | Retirement Income Plans        
Defined Benefit Plan Disclosure [Line Items]        
Interest cost 2 3 $ 3 8
Expected return on plan assets (1) 1 (1) (2)
Amortization of unrecognized items 0 1 0 3
Curtailment gain 0 (6) 0 (6)
Settlement (gain) loss (4) 177 (4) 178
Total $ (3) $ 176 $ (2) $ 181
v3.25.0.1
OTHER CONTINGENCIES AND GUARANTEES (Details) - USD ($)
$ in Millions
 6 Months Ended
Dec. 31, 2024
Jun. 30, 2024
Loss Contingencies [Line Items]    
Liability for aggregate future remediation costs $ 28 $ 28
Letters of credit 18  
Letters of credit, amount outstanding 0  
Alameda County, California Matter    
Loss Contingencies [Line Items]    
Liability for aggregate future remediation costs $ 12 12
Remediation period (in years) 30 years  
Maximum undiscounted costs $ 28  
Dickinson County, Michigan Matter    
Loss Contingencies [Line Items]    
Liability for aggregate future remediation costs $ 10 $ 10
Remediation period (in years) 30 years  
Percentage of liability for aggregate remediation and associated costs, other than legal fees 24.30%  
v3.25.0.1
SEGMENT RESULTS - Narrative (Details) - segment
 3 Months Ended 6 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2024
Dec. 31, 2023
Concentration Risk [Line Items]        
Number of reportable segments     4  
Revenue from Contract with Customer | Customer Concentration Risk | Walmart Stores, Inc.        
Concentration Risk [Line Items]        
Concentration percentage 26.00% 23.00% 26.00% 25.00%
v3.25.0.1
SEGMENT RESULTS - Schedule of Reportable Segment Information (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2024
Dec. 31, 2023
Segment Reporting Information [Line Items]        
Net sales $ 1,686 $ 1,990 $ 3,448 $ 3,376
Interest income 2 7 5 17
Interest expense (22) (26) (43) (47)
Loss on divestiture 0 0 (118) 0
Pension settlement charge 0 (171) 0 (171)
Cyberattack costs, net of insurance recoveries 25 (25) 35 (49)
Streamlined operating model 0 (3) 0 (3)
Digital capabilities and productivity enhancements investment (26) (32) (55) (59)
Earnings before income taxes 237 136 414 165
Insurance proceeds, net of expenses 23 0 32 0
August 2023 Cyberattack        
Segment Reporting Information [Line Items]        
Insurance proceeds, net of expenses $ 25 $ (25) $ 35 $ (49)
August 2023 Cyberattack | Product Concentration Risk        
Segment Reporting Information [Line Items]        
Concentration percentage 100.00% 100.00% 100.00% 100.00%
Operating Segments        
Segment Reporting Information [Line Items]        
Net sales $ 1,686 $ 1,936 $ 3,410 $ 3,264
Segment adjusted EBIT 332 492 728 645
Operating Segments | Health and Wellness        
Segment Reporting Information [Line Items]        
Net sales 628 720 1,326 1,224
Segment adjusted EBIT $ 193 $ 259 $ 428 $ 363
Operating Segments | Health and Wellness | August 2023 Cyberattack | Product Concentration Risk        
Segment Reporting Information [Line Items]        
Concentration percentage 0.00% 9.00% 0.00% 15.00%
Operating Segments | Household        
Segment Reporting Information [Line Items]        
Net sales $ 446 $ 502 $ 893 $ 827
Segment adjusted EBIT $ 48 $ 92 $ 108 $ 88
Operating Segments | Household | August 2023 Cyberattack | Product Concentration Risk        
Segment Reporting Information [Line Items]        
Concentration percentage 0.00% 11.00% 0.00% 11.00%
Operating Segments | Lifestyle        
Segment Reporting Information [Line Items]        
Net sales $ 338 $ 403 $ 658 $ 632
Segment adjusted EBIT $ 70 $ 109 $ 136 $ 128
Operating Segments | Lifestyle | August 2023 Cyberattack | Product Concentration Risk        
Segment Reporting Information [Line Items]        
Concentration percentage 0.00% 12.00% 0.00% 13.00%
Operating Segments | International        
Segment Reporting Information [Line Items]        
Net sales $ 274 $ 311 $ 533 $ 581
Segment adjusted EBIT $ 21 $ 32 $ 56 $ 66
Operating Segments | International | August 2023 Cyberattack | Product Concentration Risk        
Segment Reporting Information [Line Items]        
Concentration percentage 0.00% 7.00% 0.00% 4.00%
Corporate and Other        
Segment Reporting Information [Line Items]        
Net sales $ 0 $ 54 $ 38 $ 112
Segment adjusted EBIT $ (74) $ (106) $ (138) $ (168)
Corporate and Other | August 2023 Cyberattack | Product Concentration Risk        
Segment Reporting Information [Line Items]        
Concentration percentage 100.00% 61.00% 100.00% 57.00%
Operating Segments and Corporate and Other        
Segment Reporting Information [Line Items]        
Segment adjusted EBIT $ 258 $ 386 $ 590 $ 477
v3.25.0.1
SEGMENT RESULTS - Schedule of Net Sales Percentages (Details) - Revenue from Contract with Customer - Product Concentration Risk
 3 Months Ended 6 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2024
Dec. 31, 2023
Segment Reporting Information [Line Items]        
Concentration percentage 100.00% 100.00% 100.00% 100.00%
Operating Segments | Health and Wellness        
Segment Reporting Information [Line Items]        
Concentration percentage 37.00% 36.00% 38.00% 36.00%
Operating Segments | Health and Wellness | Cleaning        
Segment Reporting Information [Line Items]        
Concentration percentage 32.00% 31.00% 33.00% 31.00%
Operating Segments | Health and Wellness | Professional Products        
Segment Reporting Information [Line Items]        
Concentration percentage 5.00% 5.00% 5.00% 5.00%
Operating Segments | Household        
Segment Reporting Information [Line Items]        
Concentration percentage 27.00% 25.00% 26.00% 24.00%
Operating Segments | Household | Bags and Wraps        
Segment Reporting Information [Line Items]        
Concentration percentage 12.00% 12.00% 12.00% 11.00%
Operating Segments | Household | Cat Litter        
Segment Reporting Information [Line Items]        
Concentration percentage 10.00% 9.00% 9.00% 9.00%
Operating Segments | Household | Grilling        
Segment Reporting Information [Line Items]        
Concentration percentage 5.00% 4.00% 5.00% 4.00%
Operating Segments | Lifestyle        
Segment Reporting Information [Line Items]        
Concentration percentage 20.00% 20.00% 19.00% 19.00%
Operating Segments | Lifestyle | Food        
Segment Reporting Information [Line Items]        
Concentration percentage 11.00% 11.00% 11.00% 10.00%
Operating Segments | Lifestyle | Water Filtration        
Segment Reporting Information [Line Items]        
Concentration percentage 4.00% 4.00% 4.00% 5.00%
Operating Segments | Lifestyle | Natural Personal Care        
Segment Reporting Information [Line Items]        
Concentration percentage 5.00% 5.00% 4.00% 4.00%
Operating Segments | International        
Segment Reporting Information [Line Items]        
Concentration percentage 16.00% 16.00% 16.00% 17.00%
Corporate and Other        
Segment Reporting Information [Line Items]        
Concentration percentage 0.00% 3.00% 1.00% 4.00%
v3.25.0.1
SUBSEQUENT EVENTS (Details) - USD ($)
$ in Millions
 6 Months Ended
Dec. 31, 2024
Jun. 30, 2024
Subsequent Event [Line Items]    
Option to extend agreement (in years) 7 years  
Venture agreement, terminal obligation $ 531 $ 531
Venture agreement terminal obligation, net $ 517 $ 510
Glad Business    
Subsequent Event [Line Items]    
Percent ownership by venture partner 20.00% 20.00%
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