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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2022
Jun. 30, 2021
Current assets    
Cash and cash equivalents $ 241 $ 319
Receivables, net 660 604
Inventories, net 803 752
Prepaid expenses and other current assets 165 154
Total current assets 1,869 1,829
Property, plant and equipment, net of accumulated depreciation and amortization of $2,510 and $2,382, respectively 1,312 1,302
Operating lease right-of-use assets 311 332
Goodwill 1,572 1,575
Trademarks, net 690 693
Other intangible assets, net 204 225
Other assets 364 378
Total assets 6,322 6,334
Current liabilities    
Notes and loans payable 395 0
Current maturities of long-term debt 600 300
Current operating lease liabilities 73 81
Accounts payable and accrued liabilities 1,575 1,675
Total current liabilities 2,643 2,056
Long-term debt 1,887 2,484
Long-term operating lease liabilities 288 301
Other liabilities 843 834
Deferred income taxes 85 67
Total liabilities 5,746 5,742
Commitments and contingencies
Stockholders’ equity    
Preferred stock: $1.00 par value; 5,000,000 shares authorized; none issued or outstanding 0 0
Common stock: $1.00 par value; 750,000,000 shares authorized; 130,741,461 shares issued as of March 31, 2022 and June 30, 2021; and 123,071,356 and 122,780,220 shares outstanding as of March 31, 2022 and June 30, 2021, respectively 131 131
Additional paid-in capital 1,195 1,186
Retained earnings 951 1,036
Treasury stock, at cost: 7,670,105 and 7,961,241 shares as of March 31, 2022 and June 30, 2021, respectively (1,358) (1,396)
Accumulated other comprehensive net (loss) income (519) (546)
Total Clorox stockholders’ equity 400 411
Noncontrolling interests 176 181
Total stockholders’ equity 576 592
Total liabilities and stockholders’ equity $ 6,322 $ 6,334