STOCKHOLDERS' EQUITY

12 Months Ended

Jun. 30, 2023

Stockholders' Equity Note [Abstract]

STOCKHOLDERS' EQUITY

STOCKHOLDERS' EQUITY

On November 18, 2020 the Company retired 28 million shares of its treasury stock. These shares are now authorized but unissued. There was no effect on the Company’s overall equity position as a result of the retirement.

Dividends per share paid to Clorox stockholders during the fiscal years ended June 30 were as follows:

	2023		2022		2021
Dividends per share paid	$	4.72	$	4.64	$	4.44

On July 27, 2023, a cash dividend was declared in the amount of $1.20 per share payable on August 25, 2023 to common stockholders of record as of the close of business on August 09, 2023.

Accumulated Other Comprehensive Net (Loss) Income

Changes in Accumulated other comprehensive net (loss) income attributable to Clorox by component were as follows for the fiscal years ended June 30:

	Foreign currency translation adjustments		Net unrealized gains (losses) on derivatives		Pension and postretirement benefit adjustments		Accumulated other comprehensive net (loss) income
Balance June 30, 2020	$	(450)	$	(18)	$	(172)	$	(640)
Other comprehensive (loss) income before reclassifications	53		44		(2)		95
Amounts reclassified from Accumulated other comprehensive net (loss) income	(5)		5		14		14
Income tax benefit (expense)	(1)		(10)		(4)		(15)
Net current period other comprehensive (loss) income	47		39		8		94
Balance June 30, 2021	(403)		21		(164)		(546)
Other comprehensive (loss) income before reclassifications	(45)		107		1		63
Amounts reclassified from Accumulated other comprehensive net (loss) income	—		(14)		15		1
Income tax benefit (expense)	—		7		(4)		3
Net current period other comprehensive (loss) income	(45)		100		12		67
Balance June 30, 2022	(448)		121		(152)		(479)
Other comprehensive (loss) income before reclassifications	1		(6)		1		(4)
Amounts reclassified from Accumulated other comprehensive net (loss) income	—		(19)		6		(13)
Income tax benefit (expense)	2		3		(2)		3
Net current period other comprehensive (loss) income	3		(22)		5		(14)
Balance June 30, 2023	$	(445)	$	99	$	(147)	$	(493)

Included in foreign currency translation adjustments are re-measurement losses on long-term intercompany loans where settlement is not planned or anticipated in the foreseeable future. There were $0, $0, and $11 associated with these loans reclassified from Accumulated other comprehensive net (loss) income for the fiscal years ended June 30, 2023, 2022, and 2021, respectively.