STOCKHOLDERS' EQUITY (Tables)

9 Months Ended

Mar. 31, 2023

Equity [Abstract]

Schedule of Stockholders Equity

Changes in the components of Stockholders’ equity were as follows for the periods indicated:

	Three Months Ended March 31
(Dollars in millions except per share data; shares in thousands)	Common Stock			Additional Paid-in Capital		Retained Earnings		Treasury Stock			Accumulated Other Comprehensive Net (Loss) Income		Noncontrolling interests		Total Stockholders’ Equity
	Amount		Shares					Amount		Shares
Balance as of December 31, 2021	$	131	130,741	$	1,180	$	949	$	(1,373)	(7,777)	$	(574)	$	178	$	491
Net earnings	—		—	—		150		—		—	—		2		152
Other comprehensive (loss) income	—		—	—		—		—		—	55		—		55
Dividends to Clorox stockholders ($1.16 per share declared)	—		—	—		(143)		—		—	—		—		(143)
Dividends to noncontrolling interests	—		—	—		—		—		—	—		(4)		(4)
Stock-based compensation	—		—	19		—		—		—	—		—		19
Other employee stock plan activities	—		—	(4)		(5)		15		107	—		—		6
Balance as of March 31, 2022	$	131	130,741	$	1,195	$	951	$	(1,358)	(7,670)	$	(519)	$	176	$	576
Balance as of December 31, 2022	$	131	130,741	$	1,207	$	782	$	(1,297)	(7,263)	$	(502)	$	170	$	491
Net earnings (losses)	—		—	—		(211)		—		—	—		2		(209)
Other comprehensive (loss) income	—		—	—		—		—		—	4		—		4
Dividends to Clorox stockholders ($1.18 per share declared)	—		—	—		(147)		—		—	—		—		(147)
Dividends to noncontrolling interests	—		—	—		—		—		—	—		(3)		(3)
Stock-based compensation	—		—	29		—		—		—	—		—		29
Other employee stock plan activities	—		—	(4)		(9)		20		133	—		—		7
Balance as of March 31, 2023	$	131	130,741	$	1,232	$	415	$	(1,277)	(7,130)	$	(498)	$	169	$	172
	Nine Months Ended March 31
(Dollars in millions except per share data; shares in thousands)	Common Stock			Additional Paid-in Capital		Retained Earnings		Treasury Stock			Accumulated Other Comprehensive Net (Loss) Income		Noncontrolling interests		Total Stockholders’ Equity
	Amount		Shares					Amount		Shares
Balance as of June 30, 2021	$	131	130,741	$	1,186	$	1,036	$	(1,396)	(7,961)	$	(546)	$	181	$	592
Net earnings	—		—	—		361		—		—	—		6		367
Other comprehensive (loss) income	—		—	—		—		—		—	27		—		27
Dividends to Clorox stockholders ($3.48 per share declared)	—		—	—		(430)		—		—	—		—		(430)
Dividends to noncontrolling interests	—		—	—		—		—		—	—		(11)		(11)
Stock-based compensation	—		—	44		—		—		—	—		—		44
Other employee stock plan activities	—		—	(35)		(16)		63		443	—		—		12
Treasury stock purchased	—		—	—		—		(25)		(152)	—		—		(25)
Balance as of March 31, 2022	$	131	130,741	$	1,195	$	951	$	(1,358)	(7,670)	$	(519)	$	176	$	576
Balance as of June 30, 2022	$	131	130,741	$	1,202	$	1,048	$	(1,346)	(7,589)	$	(479)	$	173	$	729
Net earnings (losses)	—		—	—		(27)		—		—	—		7		(20)
Other comprehensive (loss) income	—		—	—		—		—		—	(19)		—		(19)
Dividends to Clorox stockholders ($4.72 per share declared)	—		—	—		(587)		—		—	—		—		(587)
Dividends to noncontrolling interests	—		—	—		—		—		—	—		(11)		(11)
Stock-based compensation	—		—	60		—		—		—	—		—		60
Other employee stock plan activities	—		—	(30)		(19)		69		459	—		—		20
Balance as of March 31, 2023	$	131	130,741	$	1,232	$	415	$	(1,277)	(7,130)	$	(498)	$	169	$	172

Schedule of Changes in Accumulated Other Comprehensive Net (Losses) Income

Changes in Accumulated other comprehensive net (loss) income attributable to Clorox by component were as follows for the periods indicated:

	Three Months Ended March 31
	Foreign currency translation adjustments		Net unrealized gains (losses) on derivatives		Pension and postretirement benefit adjustments		Accumulated other comprehensive net (loss) income
Balance as of December 31, 2021	$	(431)	$	18	$	(161)	$	(574)
Other comprehensive (loss) income before reclassifications	19		48		—		67
Amounts reclassified from Accumulated other comprehensive net (loss) income	—		(3)		2		(1)
Income tax benefit (expense)	—		(11)		—		(11)
Net current period other comprehensive (loss) income	19		34		2		55
Balance as of March 31, 2022	$	(412)	$	52	$	(159)	$	(519)
Balance as of December 31, 2022	$	(459)	$	107	$	(150)	$	(502)
Other comprehensive (loss) income before reclassifications	9		(3)		—		6
Amounts reclassified from Accumulated other comprehensive net (loss) income	—		(4)		1		(3)
Income tax benefit (expense), and other	1		—		—		1
Net current period other comprehensive (loss) income	10		(7)		1		4
Balance as of March 31, 2023	$	(449)	$	100	$	(149)	$	(498)
	Nine Months Ended March 31
	Foreign currency translation adjustments		Net unrealized gains (losses) on derivatives		Pension and postretirement benefit adjustments		Accumulated other comprehensive net (loss) income
Balance as of June 30, 2021	$	(403)	$	21	$	(164)	$	(546)
Other comprehensive (loss) income before reclassifications	(9)		51		—		42
Amounts reclassified from Accumulated other comprehensive net (loss) income	—		(10)		6		(4)
Income tax benefit (expense)	—		(10)		(1)		(11)
Net current period other comprehensive (loss) income	(9)		31		5		27
Balance as of March 31, 2022	$	(412)	$	52	$	(159)	$	(519)
Balance as of June 30, 2022	$	(448)	$	121	$	(152)	$	(479)
Other comprehensive (loss) income before reclassifications	(2)		(5)		—		(7)
Amounts reclassified from Accumulated other comprehensive net (loss) income	—		(18)		4		(14)
Income tax benefit (expense), and other	1		2		(1)		2
Net current period other comprehensive (loss) income	(1)		(21)		3		(19)
Balance as of March 31, 2023	$	(449)	$	100	$	(149)	$	(498)