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DEBT
 12 Months Ended
Jun. 30, 2026
Debt Disclosure [Abstract]  
DEBT DEBT
Short-term borrowings
Notes and loans payable are borrowings that mature in less than one year, primarily consisting of U.S. commercial paper issued by the Company and borrowings under the Company's revolving credit agreements. Notes and loans payable were $1,086 and $4 as of June 30, 2026 and 2025, respectively.
The weighted average interest rates incurred on average outstanding notes and loans payable during each of the fiscal years ended June 30, 2026, 2025 and 2024, including fees associated with the Company’s revolving credit agreements, were 4.47%, 4.50% and 4.77% respectively.
Long-term borrowings
Long-term debt, carried at face value net of unamortized discounts, premiums and debt issuance costs, included the following as of June 30:
20262025
Senior unsecured notes and debentures:
3.10%, $400 due October 2027
$400 $399 
3.90%, $500 due May 2028
499 499 
4.40%, $500 due May 2029
497 496 
1.80%, $500 due May 2030
497 496 
4.70%, $550 due May 2031
546 — 
4.60%, $600 due May 2032
595 594 
4.95%, $400 due May 2033
396 — 
5.25%, $550 due May 2036
545 — 
Subtotal3,975 2,484 
Other long-term debt
Amortizing loans and other borrowings
7 — 
Total3,982 2,484 
Less: Current maturities of long-term debt (1)
1 — 
Long-term debt$3,981 $2,484 
(1)Current maturities of long-term debt includes principal payments of the amortizing fixed interest rate loan due within the next twelve months.
In April 2026, the Company completed the GOJO acquisition, which included assuming a total of $8 in existing amortizing loans and other borrowings which carry a final maturity of June 2031.
In May 2026, the Company issued $1,500 in senior notes, including $550 of senior notes with an annual fixed interest rate of 4.70% and final maturity in May 2031, that carry an effective rate of 4.86% (May 2031 senior notes), $400 of senior notes with an annual fixed interest rate of 4.95% and final maturity in May 2033, that carry an effective rate of 5.09% (May 2033 senior notes), and $550 of senior notes with an annual fixed interest rate of 5.25% and final maturity in May 2036, that carry an effective rate of 5.24% (May 2036 senior notes). Interest on all new May 2026 senior notes is payable semi-annually in May and November. The notes rank equally with all of the Company's existing senior indebtedness. Proceeds from the senior notes were used to redeem prior to maturity the $1,250 under the Delayed Draw Credit Agreement and commercial paper borrowings, both primarily related to financing the GOJO acquisition.
The weighted average interest rates incurred on average outstanding long-term debt during each of the fiscal years ended June 30, 2026, 2025 and 2024, were 3.39%, 3.25% and 3.25%, respectively. The weighted average effective interest rates on long-term debt balances as of June 30, 2026 and 2025 was 3.93% and 3.25%, respectively.
Long-term debt maturities as of June 30, 2026, were $1 in fiscal year 2027, $901 in fiscal year 2028, $500 in fiscal year 2029, $501 in fiscal year 2030, $554 in fiscal year 2031, and $1,550 thereafter.
Credit arrangements
In March, 2026, in connection with the acquisition of GOJO, the Company entered into a $1,000 364-day revolving credit agreement (the 364-Day Revolving Credit Agreement) that matures on March 5, 2027, and a $1,250 Delayed Draw Term Credit
Agreement (the Delayed Draw Term Credit Agreement). Amounts available under the 364-Day Revolving Credit Agreement are for general corporate purposes.
In April, 2026 the Company completed the GOJO acquisition and drew down the full $1,250 under the Delayed Draw Credit Agreement to finance a portion of the transaction along with commercial paper. In May 2026 the Company issued new long-term debt and settled the full $1,250 balance under the Delayed Draw Credit Agreement. This line of credit was cancelled upon settlement. Additionally, the long-term debt issuance reduced the total borrowing capacity of the 364-Day Revolving Credit Agreement by $236 leaving $764 available to Clorox for general corporate purposes.
As of June 30, 2026, the Company maintained $1,964 in revolving credit agreements comprised of the $764 364-Day Revolving Credit Agreement and its existing $1,200 revolving credit agreement that matures in March 2030 (March 2030 Credit Agreement) (collectively the Revolving Credit Agreements). As of June 30, 2025, the Company maintained the $1,200 March 2030 Credit Agreement.
There were no borrowings under either of the Revolving Credit Agreements as of June 30, 2026 and no borrowings under the March 2030 Credit Agreement as of June 30, 2025. The Company believes that borrowings under the Revolving Credit Agreements will continue to be available for general corporate purposes. The Revolving Credit Agreements include certain restrictive covenants and limitations with which the Company was in compliance as of both June 30, 2026 and 2025.
The Company’s borrowing capacity under the revolving credit agreements and other financing arrangements as of June 30 was as follows:
20262025
Revolving Credit Agreements
$1,964 $1,200 
Foreign and other credit lines37 34 
Total$2,001 $1,234 
Of the $37 of foreign and other credit lines as of June 30, 2026, $10 was outstanding and the remainder of $27 was available for borrowing. Of the $34 of foreign and other credit lines as of June 30, 2025, $7 was outstanding and the remainder of $27 was available for borrowing.