STOCKHOLDERS' EQUITY

6 Months Ended

Dec. 31, 2023

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 stock			Additional paid-in capital		Retained earnings		Treasury stock			Accumulated other comprehensive net (loss) income		Noncontrolling interests		Total stockholders’ equity
	Amount		Shares					Amount		Shares
Balance as of September 30, 2022	$	131	130,741	$	1,193	$	832	$	(1,315)	(7,385)	$	(515)	$	170	$	496
Net earnings	—		—	—		99		—		—	—		3		102
Other comprehensive (loss) income	—		—	—		—		—		—	13		—		13
Dividends to Clorox stockholders ($1.18 per share declared)	—		—	—		(147)		—		—	—		—		(147)
Dividends to noncontrolling interests	—		—	—		—		—		—	—		(3)		(3)
Stock-based compensation	—		—	21		—		—		—	—		—		21
Other employee stock plan activities	—		—	(7)		(2)		18		122	—		—		9
Balance as of December 31, 2022	$	131	130,741	$	1,207	$	782	$	(1,297)	(7,263)	$	(502)	$	170	$	491
Balance as of September 30, 2023	$	131	130,741	$	1,246	$	299	$	(1,219)	(6,740)	$	(494)	$	168	$	131
Net earnings (losses)	—		—	—		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
	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
	Amount		Shares					Amount		Shares
Balance as of June 30, 2022	$	131	130,741	$	1,202	$	1,048	$	(1,346)	(7,589)	$	(479)	$	173	$	729
Net earnings	—		—	—		184		—		—	—		5		189
Other comprehensive (loss) income	—		—	—		—		—		—	(23)		—		(23)
Dividends to Clorox stockholders ($3.54 per share declared)	—		—	—		(440)		—		—	—		—		(440)
Dividends to noncontrolling interests	—		—	—		—		—		—	—		(8)		(8)
Stock-based compensation	—		—	31		—		—		—	—		—		31
Other employee stock plan activities	—		—	(26)		(10)		49		326	—		—		13
Balance as of December 31, 2022	$	131	130,741	$	1,207	$	782	$	(1,297)	(7,263)	$	(502)	$	170	$	491
Balance as of June 30, 2023	$	131	130,741	$	1,245	$	583	$	(1,246)	(6,921)	$	(493)	$	168	$	388
Net earnings (losses)	—		—	—		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

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 adjustments		Net unrealized gains (losses) on derivatives		Pension and postretirement benefit adjustments		Accumulated other comprehensive net (loss) income
Balance as of September 30, 2022	$	(477)	$	113	$	(151)	$	(515)
Other comprehensive (loss) income before reclassifications	18		—		—		18
Amounts reclassified from Accumulated other comprehensive net (loss) income	—		(6)		2		(4)
Income tax benefit (expense)	—		—		(1)		(1)
Net current period other comprehensive (loss) income	18		(6)		1		13
Balance as of December 31, 2022	$	(459)	$	107	$	(150)	$	(502)
Balance as of September 30, 2023	$	(456)	$	98	$	(136)	$	(494)
Other comprehensive (loss) income before reclassifications	17		(6)		(7)		4
Amounts reclassified from Accumulated other comprehensive net (loss) income (1)	—		(3)		172		169
Income tax benefit (expense), and other	—		1		(39)		(38)
Net current period other comprehensive (loss) income	17		(8)		126		135
Balance as of December 31, 2023	$	(439)	$	90	$	(10)	$	(359)
	Six months ended December 31
	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, 2022	$	(448)	$	121	$	(152)	$	(479)
Other comprehensive (loss) income before reclassifications	(11)		(2)		—		(13)
Amounts reclassified from Accumulated other comprehensive net (loss) income	—		(14)		3		(11)
Income tax benefit (expense)	—		2		(1)		1
Net current period other comprehensive (loss) income	(11)		(14)		2		(23)
Balance as of December 31, 2022	$	(459)	$	107	$	(150)	$	(502)
Balance as of June 30, 2023	$	(445)	$	99	$	(147)	$	(493)
Other comprehensive (loss) income before reclassifications	6		(6)		4		4
Amounts reclassified from Accumulated other comprehensive net (loss) income (1)	—		(4)		175		171
Income tax benefit (expense), and other	—		1		(42)		(41)
Net current period other comprehensive (loss) income	6		(9)		137		134
Balance as of December 31, 2023	$	(439)	$	90	$	(10)	$	(359)

(1)Includes recognition of pension settlement charge reclassified into Net earnings. See Note 12 for additional details.