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SEGMENT REPORTING
 12 Months Ended
Jun. 30, 2024
Segment Reporting [Abstract]  
SEGMENT REPORTING SEGMENT REPORTING
The Company operates through strategic business units (SBUs) that are organized into the Company’s operating segments. Operating segments with shared economic and qualitative characteristics are aggregated into four reportable segments: Health and Wellness, Household, Lifestyle and International. Operating segments not aggregated into a reportable segment are reflected in Corporate and Other. The four reportable segments consist of the following:
•Health and Wellness consists of cleaning, disinfecting and professional products marketed and sold in the United States.
•Household consists of bags and wraps, cat litter and grilling products marketed and sold in the United States.
•Lifestyle consists of food, water-filtration and natural personal care products marketed and sold in the United States.
•International consists of products sold outside the United States. Products within this segment include laundry additives; home care products; bags and wraps; cat litter; water-filtration products; professional cleaning and disinfecting products; natural personal care products; food; grilling products and digestive health products marketed primarily under the Clorox, Glad, Poett, Brita, Burt's Bees, Pine-Sol, Ever Clean, Clorinda, Chux and Fresh Step Brands.
Corporate and Other includes certain non-allocated administrative costs, various other non-operating income and expenses, as well as the results of the Better Health VMS business. Assets in Corporate and Other include cash and cash equivalents, prepaid expenses and other current assets, property and equipment, operating lease right-of-use assets, other long-term assets and deferred taxes, as well as the assets related to the Better Health VMS business.
The principle measure of segment profitability used by management is segment adjusted earnings (losses) before interest and income taxes (segment adjusted EBIT). Segment adjusted EBIT is defined as earnings (losses) before income taxes excluding
interest income, interest expense and other significant items that are nonrecurring or unusual (such as the pension settlement charge, incremental costs, net of insurance recoveries, relating to the cyberattack, asset impairments, charges related to the streamlined operating model, charges related to the digital capabilities and productivity enhancements investment, significant losses/(gains) related to acquisitions / divestitures and other nonrecurring or unusual items impacting comparability).
Management uses this measure to assess the operating results and performance of its segments, perform analytical comparisons, identify strategies to improve performance and allocate resources to each segment as it removes the impact of the items that management believes do not directly reflect the performance of each segment's underlying operations.
The tables below present reportable segment information and a reconciliation of the segment information to the Company’s consolidated net sales and earnings (losses) before income taxes, with amounts that are not allocated to the reportable segments reflected in Corporate and Other.
Net Sales
Fiscal year
202420232022
Health and Wellness$2,485 $2,532 $2,427 
Household1,950 2,098 1,984 
Lifestyle1,275 1,338 1,253 
International1,162 1,181 1,180 
Reportable segment total6,872 7,149 6,844 
Corporate and Other221 240 263 
Total$7,093 $7,389 $7,107 

Segment adjusted earnings (losses) before interest and income taxes
Fiscal year
202420232022
Health and Wellness$719 $594 $381 
Household260 308 234 
Lifestyle253 284 280 
International122 89 97 
Reportable segment total1,354 1,275 992 
Corporate and Other(309)(358)(223)
Total$1,045 $917 $769 
Interest income23 16 5 
Interest expense(90)(90)(106)
Loss on divestiture (1)
(240)— — 
Pension settlement charge (2)
(171)— — 
Cyberattack costs, net of insurance recoveries (3)
(29)— — 
VMS impairment (4)
— (445)— 
Streamlined operating model (5)
(32)(60)— 
Digital capabilities and productivity enhancements investment (6)
(108)(100)(61)
Earnings (losses) before income taxes$398 $238 $607 
(1)Represents the loss on divestiture of the Argentina business corresponding to International. See Note 2 for additional details.
(2)Represents costs related to the settlement of the domestic qualified pension plan corresponding to Corporate and Other. See Note 20 for additional details.
(3)Represents incremental costs, net of insurance recoveries, related to the cyberattack. See Note 3 for additional details relating to the cyberattack. All insurance recoveries are recorded in Corporate and Other. For informational purposes, the following table provides the approximate cyberattack costs, net of insurance recoveries, corresponding to the Company’s reportable segments as a percentage of total net costs:
2024
Health and Wellness30 %
Household24 
Lifestyle23 
International8 
Corporate and Other15 
Total100 %
(4)Represents a noncash impairment charge of $445 related to the Better Health VMS business recorded in fiscal year 2023.
(5)Represents restructuring and related implementation costs, net for the streamlined operating model of $32 and $60 in fiscal year 2024 and 2023, respectively. For informational purposes the following table provides the approximate restructuring and related implementation costs, net corresponding to the Company's segments as a percent of the total costs for the fiscal years ended June 30:
Inception to date ended
202420232024
Health and Wellness3 %6 %5 %
Household2 1 2 
Lifestyle— 4 2 
International4 16 11 
Corporate and Other91 73 80 
Total100 %100 %100 %
(6)Represents expenses related to the Company's digital capabilities and productivity enhancements investment corresponding to Corporate and Other.
Fiscal
Year		Health and WellnessHouseholdLifestyleInternational
Corporate and Other
Total
Company
(Income) Loss from equity investees included in Other (income) expense, net
2024— — — (5)— (5)
2023— — — (4)— (4)
2022— — — (6)— (6)
Total assets20241,124 1,088 1,110 1,327 1,102 5,751 
20231,184 1,082 1,091 1,410 1,178 5,945 
Capital expenditures202447 84 36 21 24 212 
202351 97 29 24 27 228 
202261 112 24 27 27 251 
Depreciation and amortization202458 77 24 45 31 235 
202359 78 25 46 28 236 
202257 67 24 47 29 224 
Significant noncash charges included in earnings (losses) before interest and income taxes:
Stock-based compensation202414 11 8 6 35 74 
202314 10 7 4 38 73 
202214 8 6 3 21 52 
All intersegment sales are eliminated and are not included in the Company’s reportable net sales.
Net sales to the Company’s largest customer, Walmart Stores, Inc. and its affiliates, were 25%, 26% and 25% of consolidated net sales for each of the fiscal years ended June 30, 2024, 2023 and 2022, respectively, and occurred across all of the Company’s reportable segments. No other customers accounted for 10% or more of the Company’s consolidated net sales in any of these fiscal years.
The following table provides Net sales as a percentage of the Company’s consolidated net sales, disaggregated by operating segment, for the fiscal years ended June 30:
202420232022
Cleaning30 %30 %29 %
Professional Products5 %5 %4 %
Health and Wellness35 %35 %33 %
Bags and Wraps11 %12 %12 %
Cat Litter9 %9 %8 %
Grilling8 %7 %8 %
Household28 %28 %28 %
Food11 %10 %10 %
Water Filtration4 %4 %4 %
Natural Personal Care3 %4 %4 %
Lifestyle18 %18 %18 %
International16 %16 %17 %
Corporate and Other3 %3 %4 %
Total100 %100 %100 %
The Company’s products are marketed and sold globally. The following table provides the Company’s global product lines, which were sold in the U.S. and International, that accounted for 10% or more of consolidated net sales for the fiscal years ended June 30:
202420232022
Cleaning products43 %42 %42 %
Bags and wraps15 %16 %16 %
Food products11 %11 %11 %
Cat litter products10 %10 %9 %
Net sales and property, plant and equipment, net, by geographic area for and as of the fiscal years ended June 30 were as follows:
Fiscal
Year		United
States		ForeignTotal
Company
Net sales2024$5,956 $1,137 $7,093 
20236,237 1,152 7,389 
20225,951 1,156 7,107 
Property, plant and equipment, net20241,188 127 1,315 
20231,192 153 1,345