XML 34 R2.htm IDEA: XBRL DOCUMENT v2.4.1.9
Condensed Consolidated Statements of Earnings and Comprehensive Income (USD $)
In Millions, except Share data in Thousands, unless otherwise specified
3 Months Ended 6 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2014
Dec. 31, 2013
Condensed Consolidated Statements of Earnings and Comprehensive Income [Abstract]        
Net sales $ 1,345us-gaap_SalesRevenueNet $ 1,308us-gaap_SalesRevenueNet $ 2,697us-gaap_SalesRevenueNet $ 2,651us-gaap_SalesRevenueNet
Cost of products sold 773us-gaap_CostOfGoodsSold 753us-gaap_CostOfGoodsSold 1,547us-gaap_CostOfGoodsSold 1,512us-gaap_CostOfGoodsSold
Gross profit 572us-gaap_GrossProfit 555us-gaap_GrossProfit 1,150us-gaap_GrossProfit 1,139us-gaap_GrossProfit
Selling and administrative expenses 191us-gaap_SellingGeneralAndAdministrativeExpense 196us-gaap_SellingGeneralAndAdministrativeExpense 371us-gaap_SellingGeneralAndAdministrativeExpense 390us-gaap_SellingGeneralAndAdministrativeExpense
Advertising costs 127us-gaap_AdvertisingExpense 122us-gaap_AdvertisingExpense 248us-gaap_AdvertisingExpense 242us-gaap_AdvertisingExpense
Research and development costs 33us-gaap_ResearchAndDevelopmentExpense 31us-gaap_ResearchAndDevelopmentExpense 63us-gaap_ResearchAndDevelopmentExpense 62us-gaap_ResearchAndDevelopmentExpense
Interest expense 26us-gaap_InterestExpense 26us-gaap_InterestExpense 52us-gaap_InterestExpense 52us-gaap_InterestExpense
Other (income) expense, net (2)clx_OtherIncomeExpenseNet (4)clx_OtherIncomeExpenseNet 1clx_OtherIncomeExpenseNet (2)clx_OtherIncomeExpenseNet
Earnings from continuing operations before income taxes 197clx_EarningsLossesFromContinuingOperationsBeforeIncomeTaxes 184clx_EarningsLossesFromContinuingOperationsBeforeIncomeTaxes 415clx_EarningsLossesFromContinuingOperationsBeforeIncomeTaxes 395clx_EarningsLossesFromContinuingOperationsBeforeIncomeTaxes
Income taxes on continuing operations 69us-gaap_IncomeTaxExpenseBenefit 66us-gaap_IncomeTaxExpenseBenefit 142us-gaap_IncomeTaxExpenseBenefit 138us-gaap_IncomeTaxExpenseBenefit
Earnings from continuing operations 128us-gaap_IncomeLossFromContinuingOperations 118us-gaap_IncomeLossFromContinuingOperations 273us-gaap_IncomeLossFromContinuingOperations 257us-gaap_IncomeLossFromContinuingOperations
Losses from discontinued operations, net of tax (3)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax (3)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax (58)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax (6)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax
Net earnings 125us-gaap_NetIncomeLoss 115us-gaap_NetIncomeLoss 215us-gaap_NetIncomeLoss 251us-gaap_NetIncomeLoss
Basic net earnings (losses) per share        
Continuing operations $ 0.98us-gaap_IncomeLossFromContinuingOperationsPerBasicShare $ 0.91us-gaap_IncomeLossFromContinuingOperationsPerBasicShare $ 2.10us-gaap_IncomeLossFromContinuingOperationsPerBasicShare $ 1.99us-gaap_IncomeLossFromContinuingOperationsPerBasicShare
Discontinued operations $ (0.02)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare $ (0.02)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare $ (0.44)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare $ (0.06)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
Basic net earnings per share $ 0.96us-gaap_EarningsPerShareBasic $ 0.89us-gaap_EarningsPerShareBasic $ 1.66us-gaap_EarningsPerShareBasic $ 1.93us-gaap_EarningsPerShareBasic
Diluted net earnings (losses) per share        
Continuing operations $ 0.97us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare $ 0.90us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare $ 2.07us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare $ 1.95us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare
Discontinued operations $ (0.02)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare $ (0.03)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare $ (0.44)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare $ (0.05)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
Diluted net earnings per share $ 0.95us-gaap_EarningsPerShareDiluted $ 0.87us-gaap_EarningsPerShareDiluted $ 1.63us-gaap_EarningsPerShareDiluted $ 1.90us-gaap_EarningsPerShareDiluted
Weighted average shares outstanding (in thousands)        
Basic 130,555us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 129,836us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 129,933us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 129,955us-gaap_WeightedAverageNumberOfSharesOutstandingBasic
Diluted 132,819us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 132,278us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 132,203us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 132,276us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding
Dividends declared per share $ 0.74us-gaap_CommonStockDividendsPerShareDeclared $ 0.71us-gaap_CommonStockDividendsPerShareDeclared $ 1.48us-gaap_CommonStockDividendsPerShareDeclared $ 1.42us-gaap_CommonStockDividendsPerShareDeclared
Comprehensive income $ 88us-gaap_ComprehensiveIncomeNetOfTax $ 96us-gaap_ComprehensiveIncomeNetOfTax $ 179us-gaap_ComprehensiveIncomeNetOfTax $ 231us-gaap_ComprehensiveIncomeNetOfTax