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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2022
Jun. 30, 2022
Current assets    
Cash and cash equivalents $ 168 $ 183
Receivables, net 600 681
Inventories, net 741 755
Prepaid expenses and other current assets 113 106
Total current assets 1,622 1,725
Property, plant and equipment, net of accumulated depreciation and amortization of $2,621 and $2,530, respectively 1,322 1,334
Operating lease right-of-use assets 349 342
Goodwill 1,553 1,558
Trademarks, net 685 687
Other intangible assets, net 183 197
Other assets 331 315
Total assets 6,045 6,158
Current liabilities    
Notes and loans payable 209 237
Current operating lease liabilities 80 78
Accounts payable and accrued liabilities 1,589 1,469
Total current liabilities 1,878 1,784
Long-term debt 2,476 2,474
Long-term operating lease liabilities 318 314
Other liabilities 826 791
Deferred income taxes 56 66
Total liabilities 5,554 5,429
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 December 31, 2022 and June 30, 2022; and 123,478,269 and 123,152,132 shares outstanding as of December 31, 2022 and June 30, 2022, respectively 131 131
Additional paid-in capital 1,207 1,202
Retained earnings 782 1,048
Treasury stock, at cost: 7,263,192 and 7,589,329 shares as of December 31, 2022 and June 30, 2022, respectively (1,297) (1,346)
Accumulated other comprehensive net (loss) income (502) (479)
Total Clorox stockholders’ equity 321 556
Noncontrolling interests 170 173
Total stockholders’ equity 491 729
Total liabilities and stockholders’ equity $ 6,045 $ 6,158