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UNAUDITED QUARTERLY DATA
 12 Months Ended
Jun. 30, 2017
Quarterly Financial Data [Abstract]  
UNAUDITED QUARTERLY DATA
UNAUDITED QUARTERLY DATA
Dollars in millions, except market price and per share data
Quarters Ended
 
September 30
 
December 31
 
March 31
 
June 30
 
Total Year
Fiscal year ended June 30, 2017
 
 
 
 
 
 
 
 
 
Net sales
$
1,443

 
$
1,406

 
$
1,477

 
$
1,647

 
$
5,973

Cost of products sold
803

 
777

 
827

 
895

 
3,302

Earnings from continuing operations
179

 
150

 
172

 
202

 
703

Earnings (losses) from discontinued operations, net of tax
—

 
(1
)
 
—

 
(1
)
 
(2
)
Net earnings
179

 
149

 
172

 
201

 
701

Per common share:
 
 
 
 
 
 
 
 
 
Basic
 
 
 
 
 
 
 
 
 
Continuing operations
$
1.39

 
$
1.16

 
$
1.34

 
$
1.56

 
$
5.45

Discontinued operations
—

 
—

 
—

 
(0.01
)
 
(0.02
)
Basic net earnings per share
$
1.39

 
$
1.16

 
$
1.34

 
$
1.55

 
$
5.43

Diluted
 
 
 
 
 
 
 
 
 
Continuing operations
$
1.36

 
$
1.14

 
$
1.31

 
$
1.53

 
$
5.35

Discontinued operations
—

 
—

 
—

 
(0.01
)
 
(0.02
)
Diluted net earnings per share
$
1.36

 
$
1.14

 
$
1.31

 
$
1.52

 
$
5.33

Dividends declared per common share
$
0.80

 
$
0.80

 
$
0.80

 
$
0.84

 
$
3.24

Market price (NYSE)
 
 
 
 
 
 
 
 
 
High
$
140.47

 
$
124.70

 
139.30

 
$
141.76

 
$
141.76

Low
121.75

 
111.24

 
118.41

 
127.62

 
111.24

Year-end
 
 
 
 
 
 
 
 
133.24

Fiscal year ended June 30, 2016
 
 
 
 
 
 
 
 
 
Net sales
$
1,390

 
$
1,345

 
$
1,426

 
$
1,600

 
$
5,761

Cost of products sold
765

 
745

 
780

 
873

 
3,163

Earnings from continuing operations
173

 
151

 
159

 
165

 
648

Losses from discontinued operations,
 
 
 
 
 
 
 
 
 
net of tax
(1
)
 
(2
)
 
3

 
—

 
—

Net earnings
172

 
149

 
162

 
165

 
648

Per common share:
 
 
 
 
 
 
 
 
 
Basic
 
 
 
 
 
 
 
 
 
Continuing operations
$
1.34

 
$
1.16

 
$
1.23

 
$
1.28

 
$
5.01

Discontinued operations
(0.01
)
 
(0.01
)
 
0.02

 
—

 
—

Basic net earnings per share
$
1.33

 
$
1.15

 
$
1.25

 
$
1.28

 
$
5.01

Diluted
 
 
 
 
 
 
 
 
 
Continuing operations
$
1.32

 
$
1.14

 
$
1.21

 
$
1.26

 
$
4.92

Discontinued operations
(0.01
)
 
(0.01
)
 
0.02

 
—

 
—

Diluted net earnings per share
$
1.31

 
$
1.13

 
$
1.23

 
$
1.26

 
$
4.92

Dividends declared per common share
$
0.77

 
$
0.77

 
$
0.77

 
$
0.80

 
$
3.11

Market price (NYSE)
 
 
 
 
 
 
 
 
 
High
$
119.75

 
$
131.78

 
$
132.19

 
$
138.41

 
$
138.41

Low
104.26

 
114.06

 
122.40

 
119.23

 
104.26

Year-end
 
 
 
 
 
 
 
 
138.39

FIVE-YEAR FINANCIAL SUMMARY
The Clorox Company
 
Years ended June 30
Dollars in millions, except per share data
2017
 
2016
 
2015
 
2014
 
2013
OPERATIONS
 
 
 
 
 
 
 
 
 
Net sales
$
5,973

 
$
5,761

 
$
5,655

 
$
5,514

 
$
5,533

Gross profit
2,671

 
2,598

 
2,465

 
2,356

 
2,391

Earnings from continuing operations
$
703

 
$
648

 
$
606

 
$
579

 
$
573

(Losses) earnings from discontinued operations, net of tax
(2
)
 
—

 
(26
)
 
(21
)
 
(1
)
Net earnings
$
701

 
$
648

 
$
580

 
$
558

 
$
572

COMMON STOCK
 
 
 
 
 
 
 
 
 
Earnings per share
 
 
 
 
 
 
 
 
 
Continuing operations
 
 
 
 
 
 
 
 
 
Basic
$
5.45

 
$
5.01

 
$
4.65

 
$
4.47

 
$
4.37

Diluted
5.35

 
4.92

 
4.57

 
4.39

 
4.31

Dividends declared per share
3.24

 
3.11

 
2.99

 
2.87

 
2.63

 
As of June 30
Dollars in millions
2017
 
2016
 
2015
 
2014
 
2013
OTHER DATA
 
 
 
 
 
 
 
 
 
Total assets (1)
$
4,573

 
$
4,510

 
$
4,154

 
$
4,251

 
$
4,302

Long-term debt (1)
1,391

 
1,789

 
1,786

 
1,588

 
2,161


(1) Prior year amounts have been retrospectively adjusted to conform to the current year presentation of debt issuance costs required by ASU No. 2015-03, "Simplifying the Presentation of Debt Issuance Costs." See Note 1 for details.