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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2023
Jun. 30, 2022
Current assets    
Cash and cash equivalents $ 242 $ 183
Receivables, net 678 681
Inventories, net 735 755
Prepaid expenses and other current assets 90 106
Total current assets 1,745 1,725
Property, plant and equipment, net of accumulated depreciation and amortization of $2,672 and $2,530, respectively 1,315 1,334
Operating lease right-of-use assets 359 342
Goodwill 1,250 1,558
Trademarks, net 546 687
Other intangible assets, net 176 197
Other assets 427 315
Total assets 5,818 6,158
Current liabilities    
Notes and loans payable 138 237
Current operating lease liabilities 88 78
Accounts payable and accrued liabilities 1,722 1,469
Income taxes payable 48 0
Total current liabilities 1,996 1,784
Long-term debt 2,476 2,474
Long-term operating lease liabilities 323 314
Other liabilities 824 791
Deferred income taxes 27 66
Total liabilities 5,646 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 March 31, 2023 and June 30, 2022; and 123,611,466 and 123,152,132 shares outstanding as of March 31, 2023 and June 30, 2022, respectively 131 131
Additional paid-in capital 1,232 1,202
Retained earnings 415 1,048
Treasury stock, at cost: 7,129,995 and 7,589,329 shares as of March 31, 2023 and June 30, 2022, respectively (1,277) (1,346)
Accumulated other comprehensive net (loss) income (498) (479)
Total Clorox stockholders’ equity 3 556
Noncontrolling interests 169 173
Total stockholders’ equity 172 729
Total liabilities and stockholders’ equity $ 5,818 $ 6,158