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SEGMENT REPORTING
12 Months Ended
Jun. 30, 2020
Segment Reporting [Abstract]  
SEGMENT REPORTING SEGMENT REPORTING
The Company operates through SBUs which are also the Company’s operating segments. These SBUs are then aggregated into four reportable segments. In the fourth quarter of fiscal year 2020, the Company realigned its reportable segments following operational and systems integration. The Digestive Health and Dietary Supplements SBUs, previously included in the Household and Lifestyle reportable segments, respectively, were combined into a new Vitamins, Minerals and Supplements SBU, and the Home Care and Laundry SBUs, previously included in the Cleaning reportable segment, were combined to create the Cleaning SBU. These newly established SBUs, along with the Professional Products SBU, now make up the new Health and Wellness reportable segment due to their shared economic and qualitative characteristics. All periods presented have been recast to reflect this change. The four reportable segments consist of the following:
Health and Wellness consists of cleaning products, professional products, and vitamins, minerals and supplement products mainly marketed and sold in the U.S. Products within this segment include cleaning products such as laundry additives, including bleach products under the Clorox® brand and Clorox 2® stain fighter and color booster; home care products, primarily under the Clorox®, Clorox® Scentiva®, Formula 409®, Liquid-Plumr®, Pine-Sol® and Tilex® brands; professional cleaning and disinfecting products under the CloroxPro, Clorox Healthcare®, and Clorox® Total 360® brands and professional food service products under the Hidden Valley® brand; and vitamins, minerals and supplement products under the RenewLife®, Rainbow Light®, Natural Vitality®, NeoCell® and Stop Aging Now® brands.
Household consists of grilling products; bags and wraps; and cat litter products marketed and sold in the U.S. Products within this segment include grilling products under the Kingsford® and Kingsford® Match Light® brands; bags and wraps under the Glad® brand; and cat litter products under the Fresh Step®, Scoop Away® and Ever Clean® brands.
Lifestyle consists of food products, water-filtration systems and filters, and natural personal care products marketed and sold in the U.S. Products within this segment include dressings and sauces, primarily under the Hidden Valley® brand; water-filtration systems and filters under the Brita® brand; and natural personal care products under the Burt’s Bees® brand.
International consists of products sold outside the U.S. Products within this segment include laundry additives; home care products; water-filtration systems and filters; digestive health products; grilling products; cat litter products; food products; bags and wraps; natural personal care products; and professional cleaning and disinfecting products primarily under the Clorox®, Ayudin®, Clorinda®, Poett®, Pine-Sol®, Glad®, Brita®, RenewLife®, Ever Clean® and Burt’s Bees® brands.
Certain non-allocated administrative costs, interest income, interest expense and various other non-operating income and expenses are reflected in Corporate. Corporate assets include cash and cash equivalents, prepaid expenses and other current assets, property and equipment, operating lease right-of-use assets, other long-term assets and deferred taxes.
Fiscal
Year
Health and WellnessHouseholdLifestyleInternationalCorporateTotal
Company
Net sales2020$2,749  $1,795  $1,154  $1,023  $—  $6,721  
20192,422  1,774  1,048  970  —  6,214  
20182,223  1,849  1,024  1,028  —  6,124  
Earnings (losses) before income taxes2020766  347  320  116  (364) 1,185  
2019570  337  264  96  (243) 1,024  
2018550  384  253  84  (217) 1,054  
Income from equity investees
included in Other (income)
expense, net
2020—  —  —  20  —  20  
2019—  —  —  15  —  15  
2018—  —  —  12  —  12  
Total assets20202,145  810  956  1,010  1,292  6,213  
20191,958  806  943  1,027  382  5,116  
Capital expenditures202072  94  46  20  22  254  
201963  80  26  26  11  206  
201861  72  22  33   194  
Depreciation and amortization202064  65  22  22   180  
201966  64  20  25   180  
201854  62  21  24   166  
Significant non-cash charges included in earnings (losses) before income taxes:
Stock-based compensation202013     21  50  
201915  11     43  
201814  11    20  53  

All intersegment sales are eliminated and are not included in the Company’s reportable segments’ net sales.
Net sales to the Company’s largest customer, Walmart Stores, Inc. and its affiliates, were 25%, 25% and 26% of consolidated net sales for each of the fiscal years ended June 30, 2020, 2019 and 2018, respectively, and occurred across all of the Company’s reportable segments. No other customers accounted for 10% or more of the Company’s consolidated net sales in any of these fiscal years.
The following table provides Net sales as a percentage of the Company’s consolidated net sales, disaggregated by SBU under the new reporting structure, for the fiscal years ended June 30:
202020192018
Cleaning30 %28 %28 %
Professional Products%%%
Vitamins, Minerals and Supplements%%%
Health and Wellness41 %39 %37 %
Bags and Wraps12 %13 %14 %
Cat Litter%%%
Grilling%%%
Household27 %28 %30 %
Food Products%%%
Natural Personal Care%%%
Water Filtration%%%
Lifestyle17 %17 %16 %
International15 %16 %17 %
Total100 %100 %100 %

During fiscal year 2020, the Company’s Charcoal SBU within the Household reportable segment was renamed the Grilling SBU to reflect a broader strategic view of the category. There has been no change to the composition of the Grilling SBU or the Household reportable segment; therefore, no prior periods were restated.
The Company’s products are marketed and sold globally. The following table provides the Company’s global product lines, which were sold in the U.S. (including the Professional Products SBU) and International, that accounted for 10% or more of consolidated net sales for the fiscal years ended June 30:
202020192018
Cleaning products43 %40 %41 %
Bags and wraps15 %16 %18 %
Food products10 %10 %10 %
Grilling products%%10 %
Net sales and property, plant and equipment, net, by geographic area for and as of the fiscal years ended June 30 were as follows:
Fiscal
Year
United
States
ForeignTotal
Company
Net sales2020$5,725  $996  $6,721  
20195,281  933  6,214  
20185,135  989  6,124  
Property, plant and equipment, net20201,005  98  1,103  
2019929  105  1,034