STOCKHOLDERS' EQUITY (Tables)

3 Months Ended

Sep. 30, 2020

Changes in the components of Stockholders’ equity were as follows for the periods indicated:























	Three Months Ended September 30
(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		Non-controlling interests		Total Stockholders’ Equity
	Amount		Shares					Amount		Shares
Balance as of June 30, 2019	$	159	158,741	$	1,046	$	3,150	$	(3,194)	(33,055)	$	(602)	$	—	$	559
Cumulative effect of accounting changes, net of tax (1)						22									22
Net earnings						203									203
Other comprehensive (loss) income											(13)				(13)
Dividends to Clorox stockholders ($1.06 per share declared)						(134)									(134)
Stock-based compensation				6											6
Other employee stock plan activities				(9)		—		20		472					11
Treasury stock purchased								(104)		(663)					(104)
Balance as of September 30, 2019	$	159	158,741	$	1,043	$	3,241	$	(3,278)	(33,246)	$	(615)	$	—	$	550

Balance as of June 30, 2020	$	159	158,741	$	1,137	$	3,567	$	(3,315)	(32,543)	$	(640)	$	—	$	908
Net earnings						415							2		417
Other comprehensive (loss) income											17				17
Dividends to Clorox stockholders ($1.11 per share declared)						(141)									(141)
Dividends to noncontrolling interests													(4)		(4)
Business combinations including purchase accounting adjustments													198		198
Stock-based compensation				13											13
Other employee stock plan activities				(4)		(1)		8		283					3
Treasury stock purchased								(100)		(444)					(100)
Balance as of September 30, 2020	$	159	158,741	$	1,146	$	3,840	$	(3,407)	(32,704)	$	(623)	$	196	$	1,311

(1) As a result of adopting ASU No. 2016-02, “Leases (Topic 842),” on July 1, 2019, the Company recorded a cumulative effect of initially applying the new guidance as an adjustment to the fiscal year 2020 opening balance of Retained earnings.

Schedule of Share Repurchases Under Authorized Programs

Stock repurchases under the two stock repurchase programs were as follows for the periods indicated:


	Three Months Ended
		9/30/2020	9/30/2019
			Amount		Shares (in thousands)	Amount		Shares (in thousands)
Open-market purchase program			$	—	—	$	—	—
Evergreen Program			100		444	104		663
Total stock repurchases			$	100	444	$	104	663

Schedule of Changes in Accumulated Other Comprehensive Net (Losses) Income

Changes in Accumulated other comprehensive net (loss) income attributable to Clorox by component were as follows for the periods indicated:


















	Three Months Ended September 30
	Foreign currency translation adjustments		Net unrealized gains (losses) on derivatives		Pension and postretirement benefit adjustments		Accumulated other comprehensive net (loss) income
Balance as of June 30, 2019	$	(414)	$	(23)	$	(165)	$	(602)
Other comprehensive (loss) income before reclassifications	(15)		1		—		(14)
Amounts reclassified from Accumulated other comprehensive net (loss) income	—		2		2		4
Income tax benefit (expense)	(1)		(1)		(1)		(3)
Net current period other comprehensive (loss) income	(16)		2		1		(13)
Balance as of September 30, 2019	$	(430)	$	(21)	$	(164)	$	(615)

Balance as of June 30, 2020	$	(450)	$	(18)	$	(172)	$	(640)
Other comprehensive (loss) income before reclassifications	9		3		—		12
Amounts reclassified from Accumulated other comprehensive net (loss) income	—		3		2		5
Income tax benefit (expense), and other	1		(1)		—		—
Net current period other comprehensive (loss) income	10		5		2		17
Balance as of September 30, 2020	$	(440)	$	(13)	$	(170)	$	(623)