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UNAUDITED QUARTERLY DATA
 12 Months Ended
Jun. 30, 2018
Quarterly Financial Data [Abstract]  
UNAUDITED QUARTERLY DATA
UNAUDITED QUARTERLY DATA
Dollars in millions, except market price and per share data
Quarters Ended
 
 
 
September 30
 
December 31
 
March 31
 
June 30
 
Full Year
Fiscal year ended June 30, 2018
 
 
 
 
 
 
 
 
 
Net sales
$
1,500

 
$
1,416

 
$
1,517

 
$
1,691

 
$
6,124

Cost of products sold
$
827

 
$
807

 
$
868

 
$
947

 
$
3,449

Earnings from continuing operations
$
192

 
$
233

 
$
181

 
$
217

 
$
823

Earnings (losses) from discontinued operations, net of tax
—

 
—

 
—

 
—

 
—

Net earnings
$
192

 
$
233

 
$
181

 
$
217

 
$
823

Net earnings (losses) per share:
 
 
 
 
 
 
 
 
 
Basic
 
 
 
 
 
 
 
 
 
Continuing operations
$
1.49

 
$
1.81

 
$
1.39

 
$
1.69

 
$
6.37

Discontinued operations
—

 
—

 
—

 
—

 
—

Basic net earnings per share
$
1.49

 
$
1.81

 
$
1.39

 
$
1.69

 
$
6.37

Diluted
 
 
 
 
 
 
 
 
 
Continuing operations
$
1.46

 
$
1.77

 
$
1.37

 
$
1.66

 
$
6.26

Discontinued operations
—

 
—

 
—

 
—

 
—

Diluted net earnings per share
$
1.46

 
$
1.77

 
$
1.37

 
$
1.66

 
$
6.26

Dividends declared per share
$
0.84

 
$
0.84

 
$
0.96

 
$
0.96

 
$
3.60

Market price (NYSE)
 
 
 
 
 
 
 
 
 
High
$
139.34

 
$
150.40

 
$
148.88

 
$
136.24

 
$
150.40

Low
127.00

 
124.09

 
123.64

 
113.57

 
113.57

Year-end
 
 
 
 
 
 
 
 
135.25

Fiscal year ended June 30, 2017
 
 
 
 
 
 
 
 
 
Net sales
$
1,443

 
$
1,406

 
$
1,477

 
$
1,647

 
$
5,973

Cost of products sold
$
803

 
$
777

 
$
827

 
$
895

 
$
3,302

Earnings from continuing operations
$
179

 
$
150

 
$
172

 
$
202

 
$
703

Earnings (losses) from discontinued operations, net of tax
—

 
(1
)
 
—

 
(1
)
 
(2
)
Net earnings
$
179

 
$
149

 
$
172

 
$
201

 
$
701

Net earnings (losses) per share:
 
 
 
 
 
 
 
 
 
Basic
 
 
 
 
 
 
 
 
 
Continuing operations
$
1.39

 
$
1.16

 
$
1.34

 
$
1.56

 
$
5.45

Discontinued operations
—

 
—

 
—

 
(0.01
)
 
(0.02
)
Basic net earnings per share
$
1.39

 
$
1.16

 
$
1.34

 
$
1.55

 
$
5.43

Diluted
 
 
 
 
 
 
 
 
 
Continuing operations
$
1.36

 
$
1.14

 
$
1.31

 
$
1.53

 
$
5.35

Discontinued operations
—

 
—

 
—

 
(0.01
)
 
(0.02
)
Diluted net earnings per share
$
1.36

 
$
1.14

 
$
1.31

 
$
1.52

 
$
5.33

Dividends declared per share
$
0.80

 
$
0.80

 
$
0.80

 
$
0.84

 
$
3.24

Market price (NYSE)
 
 
 
 
 
 
 
 
 
High
$
140.47

 
$
124.70

 
$
139.30

 
$
141.76

 
$
141.76

Low
121.75

 
111.24

 
118.41

 
127.62

 
111.24

Year-end
 
 
 
 
 
 
 
 
133.24

FIVE-YEAR FINANCIAL SUMMARY
The Clorox Company
 
Years ended June 30
Dollars in millions, except per share data
2018
 
2017
 
2016
 
2015
 
2014
OPERATIONS
 
 
 
 
 
 
 
 
 
Net sales
$
6,124

 
$
5,973

 
$
5,761

 
$
5,655

 
$
5,514

Gross profit
2,675

 
2,671

 
2,598

 
2,465

 
2,356

Earnings from continuing operations
$
823

 
$
703

 
$
648

 
$
606

 
$
579

(Losses) earnings from discontinued operations, net of tax
—

 
(2
)
 
—

 
(26
)
 
(21
)
Net earnings
$
823

 
$
701

 
$
648

 
$
580

 
$
558

COMMON STOCK
 
 
 
 
 
 
 
 
 
Earnings per share
 
 
 
 
 
 
 
 
 
Continuing operations
 
 
 
 
 
 
 
 
 
Basic
$
6.37

 
$
5.45

 
$
5.01

 
$
4.65

 
$
4.47

Diluted
6.26

 
5.35

 
4.92

 
4.57

 
4.39

Dividends declared per share
3.60

 
3.24

 
3.11

 
2.99

 
2.87

 
As of June 30
Dollars in millions
2018
 
2017
 
2016
 
2015
 
2014
OTHER DATA
 
 
 
 
 
 
 
 
 
Total assets (1)
$
5,060

 
$
4,573

 
$
4,510

 
$
4,154

 
$
4,251

Long-term debt (1)
2,284

 
1,391

 
1,789

 
1,786

 
1,588


(1) Amounts for the fiscal years ended June 30, 2016, 2015 and 2014 have been retrospectively adjusted to conform to the presentation of debt issuance costs required by ASU No. 2015-03, "Simplifying the Presentation of Debt Issuance Costs."