XML 34 R23.htm IDEA: XBRL DOCUMENT v3.20.4
STOCKHOLDERS' EQUITY (Tables)
 6 Months Ended
Dec. 31, 2020
Equity [Abstract]  
Schedule 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		Non-controlling interests
Total Stockholders’ Equity
AmountShares AmountShares
Balance as of September 30, 2019$159 158,741 $1,043 $3,241 $(3,278)(33,246)$(615)$— $550 
Net earnings185 185 
Other comprehensive (loss) income14 14 
Dividends to Clorox stockholders ($1.06 per share declared)
(133)(133)
Stock-based compensation13 13 
Other employee stock plan activities6 (1)6 106 11 
Treasury stock purchased(85)(577)(85)
Balance as of December 31, 2019$159 158,741 $1,062 $3,292 $(3,357)(33,717)$(601)$— $555 
Balance as of September 30, 2020$159 158,741 $1,146 $3,840 $(3,407)(32,704)$(623)$196 $1,311 
Net earnings259 2 261 
Other comprehensive (loss) income48 48 
Dividends to Clorox stockholders ($1.11 per share declared)
(141)(141)
Dividends to non-controlling interests(2)(2)
Stock-based compensation22 22 
Other employee stock plan activities8 (16)89 667 81 
Treasury stock purchased(200)(980)(200)
Treasury stock retirement (28)(28,000)(2,640)2,668 28,000 — 
Balance as of December 31, 2020$131 130,741 $1,176 $1,302 $(850)(5,017)$(575)$196 $1,380 
Six 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		Non-controlling interests
Total Stockholders’ Equity
AmountSharesAmountShares
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 earnings388 388 
Other comprehensive (loss) income1 1 
Dividends to Clorox stockholders ($2.12 per share declared)
(267)(267)
Stock-based compensation19 19 
Other employee stock plan activities(3)(1)26 578 22 
Treasury stock purchased(189)(1,240)(189)
Balance as of December 31, 2019$159 158,741 $1,062 $3,292 $(3,357)(33,717)$(601)$— $555 
Balance as of June 30, 2020$159 158,741 $1,137 $3,567 $(3,315)(32,543)$(640)$— $908 
Net earnings674 4 678 
Other comprehensive (loss) income65 65 
Dividends to Clorox stockholders ($2.22 per share declared)
(282)(282)
Dividends to noncontrolling interests(6)(6)
Business combinations including purchase accounting adjustments198 198 
Stock-based compensation35 35 
Other employee stock plan activities4 (17)97 950 84 
Treasury stock purchased(300)(1,424)(300)
Treasury stock retirement (28)(28,000)(2,640)2,668 28,000 — 
Balance as of December 31, 2020$131 130,741 $1,176 $1,302 $(850)(5,017)$(575)$196 $1,380 
(1) As a result of adopting ASU No. 2016-02, “Leases (Topic 842),” on July 1, 2019, the Company recorded a cumulative effect of initially applying the new guidance as an adjustment to the fiscal year 2020 opening balance of Retained earnings.
Schedule of Share Repurchases Under Authorized Programs
Stock repurchases under the two stock repurchase programs were as follows for the periods indicated:
Three Months EndedSix Months Ended
12/31/202012/31/201912/31/202012/31/2019
AmountShares
(in thousands)		AmountShares
(in thousands)		AmountShares
(in thousands)		AmountShares
(in thousands)
Open-market purchase program$— — $85 577 $— — $85 577 
Evergreen Program200 980 — — 300 1,424 104 663 
Total stock repurchases$200 980 $85 577 $300 1,424 $189 1,240 
Schedule of Changes in Accumulated Other Comprehensive Net (Losses) Income
Changes in Accumulated other comprehensive net (loss) income attributable to Clorox by component were as follows for the periods indicated:
Three Months Ended December 31
Foreign currency translation adjustmentsNet unrealized gains (losses) on derivativesPension and postretirement benefit adjustmentsAccumulated other comprehensive net (loss) income
Balance as of September 30, 2019$(430)$(21)$(164)$(615)
Other comprehensive (loss) income before reclassifications9 2 — 11 
Amounts reclassified from Accumulated other comprehensive net (loss) income— 2 1 3 
Income tax benefit (expense)— — — — 
Net current period other comprehensive (loss) income9 4 1 14 
Balance as of December 31, 2019$(421)$(17)$(163)$(601)
Balance as of September 30, 2020$(440)$(13)$(170)$(623)
Other comprehensive (loss) income before reclassifications36 11 — 47 
Amounts reclassified from Accumulated other comprehensive net (loss) income— 2 2 4 
Income tax benefit (expense), and other1 (3)(1)(3)
Net current period other comprehensive (loss) income37 10 1 48 
Balance as of December 31, 2020$(403)$(3)$(169)$(575)
Six Months Ended December 31
Foreign currency translation adjustmentsNet unrealized gains (losses) on derivativesPension and postretirement benefit adjustmentsAccumulated other comprehensive net (loss) income
Balance as of June 30, 2019$(414)$(23)$(165)$(602)
Other comprehensive (loss) income before reclassifications(6)3 — (3)
Amounts reclassified from Accumulated other comprehensive net (loss) income— 4 3 7 
Income tax benefit (expense)(1)(1)(1)(3)
Net current period other comprehensive (loss) income(7)6 2 1 
Balance as of December 31, 2019$(421)$(17)$(163)$(601)
Balance as of June 30, 2020$(450)$(18)$(172)$(640)
Other comprehensive (loss) income before reclassifications45 14 — 59 
Amounts reclassified from Accumulated other comprehensive net (loss) income— 5 4 9 
Income tax benefit (expense), and other2 (4)(1)(3)
Net current period other comprehensive (loss) income47 15 3 65 
Balance as of December 31, 2020$(403)$(3)$(169)$(575)