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UNAUDITED QUARTERLY DATA
 12 Months Ended
Jun. 30, 2019
Quarterly Financial Data [Abstract]  
UNAUDITED QUARTERLY DATA UNAUDITED QUARTERLY DATA
Dollars in millions, except per share data
Quarters Ended
 
 
 
September 30
 
December 31
 
March 31
 
June 30
 
Full Year
Fiscal year ended June 30, 2019
 
 
 
 
 
 
 
 
 
Net sales
$
1,563

 
$
1,473

 
$
1,551

 
$
1,627

 
$
6,214

Cost of products sold
$
885

 
$
830

 
$
878

 
$
893

 
$
3,486

Earnings from continuing operations
$
210

 
$
182

 
$
187

 
$
241

 
$
820

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

 
—

 
—

 
—

 
—

Net earnings
$
210

 
$
182

 
$
187

 
$
241

 
$
820

Net earnings (losses) per share:
 
 
 
 
 
 
 
 
 
Basic
 
 
 
 
 
 
 
 
 
Continuing operations
$
1.65

 
$
1.42

 
$
1.46

 
$
1.91

 
$
6.42

Discontinued operations
—

 
—

 
—

 
—

 
—

Basic net earnings per share
$
1.65

 
$
1.42

 
$
1.46

 
$
1.91

 
$
6.42

Diluted
 
 
 
 
 
 
 
 
 
Continuing operations
$
1.62

 
$
1.40

 
$
1.44

 
$
1.88

 
$
6.32

Discontinued operations
—

 
—

 
—

 
—

 
—

Diluted net earnings per share
$
1.62

 
$
1.40

 
$
1.44

 
$
1.88

 
$
6.32

Dividends declared per share
$
0.96

 
$
0.96

 
$
0.96

 
$
1.06

 
$
3.94


 
 
 
 
 
 
 
 
 
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

FIVE-YEAR FINANCIAL SUMMARY
The Clorox Company
 
Years ended June 30
Dollars in millions, except per share data
2019
 
2018
 
2017
 
2016
 
2015
OPERATIONS
 
 
 
 
 
 
 
 
 
Net sales
$
6,214

 
$
6,124

 
$
5,973

 
$
5,761

 
$
5,655

Gross profit
2,728

 
$
2,675

 
$
2,671

 
$
2,598

 
$
2,465

Earnings from continuing operations
$
820

 
$
823

 
$
703

 
$
648

 
$
606

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

 
—

 
(2
)
 
—

 
(26
)
Net earnings
$
820

 
$
823

 
$
701

 
$
648

 
$
580

COMMON STOCK
 
 
 
 
 
 
 
 
 
Earnings per share
 
 
 
 
 
 
 
 
 
Continuing operations
 
 
 
 
 
 
 
 
 
Basic
$
6.42

 
$
6.37

 
$
5.45

 
$
5.01

 
$
4.65

Diluted
6.32

 
6.26

 
5.35

 
4.92

 
4.57

Dividends declared per share
3.94

 
3.60

 
3.24

 
3.11

 
2.99

 
As of June 30
Dollars in millions
2019
 
2018
 
2017
 
2016
 
2015
OTHER DATA
 
 
 
 
 
 
 
 
 
Total assets (1)
$
5,116

 
$
5,060

 
$
4,573

 
$
4,510

 
$
4,154

Long-term debt (1)
2,287

 
2,284

 
1,391

 
1,789

 
1,786


(1) Amounts for the fiscal years ended June 30, 2016 and 2015 have been retrospectively adjusted to conform to the presentation of debt issuance costs required by ASU No. 2015-03, “Interest - Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs.”