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SEGMENT REPORTING | 12 Months Ended
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Jun. 30, 2016
Segment Reporting [Abstract] |
SEGMENT REPORTING | NOTE 20. SEGMENT REPORTING The Company operates through strategic business units that are aggregated into the following four reportable segments based on the economics and nature of the products sold:
● | Cleaning consists of laundry, home care and professional products marketed and sold in the United States. Products within this segment include laundry additives, including bleach products under the Clorox® brand and Clorox 2® stain fighter and color booster; home care products, primarily under the Clorox®, Formula 409®, Liquid-Plumr®, Pine-Sol®, S.O.S® and Tilex® brands; naturally derived products under the Green Works® brand; and professional cleaning and disinfecting products under the Clorox®, Dispatch®, Aplicare®, HealthLink® and Clorox Healthcare® brands.
● | Household consists of charcoal, cat litter, digestive health products and bags, wraps and container products marketed and sold in the United States. Products within this segment include charcoal products under the Kingsford® and Match Light® brands; cat litter products under the Fresh Step®, Scoop Away® and Ever Clean® brands; digestive health products under the Renew Life® brand; and bags, wraps and containers under the Glad® brand.
● | Lifestyle consists of food products, water-filtration systems and filters and natural personal care products marketed and sold in the United States. Products within this segment include dressings and sauces, primarily under the Hidden Valley®, KC Masterpiece® and Soy Vay® brands; water-filtration systems and filters under the Brita® brand; and natural personal care products under the Burt’s Bees® brand.
● | International consists of products sold outside the United States. Products within this segment include laundry, home care, water-filtration, digestive health products, charcoal and cat litter products, dressings and sauces, bags, wraps and containers and natural personal care products, primarily under the Clorox®, Glad®, PinoLuz®, Ayudin®, Limpido®, Clorinda®, Poett®, Mistolin®, Lestoil®, Bon Bril®, Brita®, Green Works®, Pine-Sol®, Agua Jane®, Chux®, Renew Life®, Kingsford®, Fresh Step®, Scoop Away®, Ever Clean®, KC Masterpiece®, Hidden Valley® and Burt’s Bees® brands.
Certain non-allocated administrative costs, interest income, interest expense and various other non-operating income and expenses are reflected in Corporate. Corporate assets include cash and cash equivalents, property and equipment, other investments and deferred taxes.
|  | Fiscal Year |  | Cleaning |  | Household |  | Lifestyle |  | International |  | Corporate |  | Total Company
Net sales |  | 2016 |  | $ | 1,912 |  | $ | 1,862 |  | $ | 990 |  | $ | 997 |  | $ |  |  |  | $ | 5,761
|  | 2015 |  |  | 1,824 |  |  | 1,794 |  |  | 950 |  |  | 1,087 |  |  | - |  |  |  | 5,655
|  | 2014 |  |  | 1,776 |  |  | 1,709 |  |  | 936 |  |  | 1,093 |  |  | - |  |  |  | 5,514
Earnings (losses) from continuing |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
operations before income taxes |  | 2016 |  |  | 511 |  |  | 428 |  |  | 251 |  |  | 66 |  |  | (273 | ) |  |  | 983
|  | 2015 |  |  | 445 |  |  | 375 |  |  | 257 |  |  | 79 |  |  | (235 | ) |  |  | 921
|  | 2014 |  |  | 428 |  |  | 326 |  |  | 258 |  |  | 99 |  |  | (227 | ) |  |  | 884
Income from equity investees |  | 2016 |  |  | - |  |  | - |  |  | - |  |  | 15 |  |  | - |  |  |  | 15
|  | 2015 |  |  | - |  |  | - |  |  | - |  |  | 14 |  |  | - |  |  |  | 14
|  | 2014 |  |  | - |  |  | - |  |  | - |  |  | 13 |  |  | - |  |  |  | 13
Total assets |  | 2016 |  |  | 883 |  |  | 1,092 |  |  | 880 |  |  | 1,057 |  |  | 606 |  |  |  | 4,518
|  | 2015 |  |  | 876 |  |  | 725 |  |  | 860 |  |  | 1,057 |  |  | 646 |  |  |  | 4,164
Capital expenditures |  | 2016 |  |  | 44 |  |  | 83 |  |  | 18 |  |  | 24 |  |  | 3 |  |  |  | 172
|  | 2015 |  |  | 35 |  |  | 50 |  |  | 11 |  |  | 25 |  |  | 4 |  |  |  | 125
|  | 2014 |  |  | 37 |  |  | 53 |  |  | 11 |  |  | 31 |  |  | 5 |  |  |  | 137
Depreciation and amortization |  | 2016 |  |  | 61 |  |  | 60 |  |  | 19 |  |  | 21 |  |  | 4 |  |  |  | 165
|  | 2015 |  |  | 52 |  |  | 67 |  |  | 19 |  |  | 24 |  |  | 7 |  |  |  | 169
|  | 2014 |  |  | 49 |  |  | 67 |  |  | 19 |  |  | 25 |  |  | 17 |  |  |  | 177
Significant noncash charges included |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
in earnings (losses) from continuing |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
operations before income taxes: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Share-based compensation |  | 2016 |  |  | 10 |  |  | 8 |  |  | 5 |  |  | 1 |  |  | 21 |  |  |  | 45
|  | 2015 |  |  | 8 |  |  | 7 |  |  | 4 |  |  | 1 |  |  | 12 |  |  |  | 32
|  | 2014 |  |  | 11 |  |  | 9 |  |  | 5 |  |  | 1 |  |  | 10 |  |  |  | 36
All intersegment sales are eliminated and are not included in the Company’s reportable segments’ net sales. Net sales to the Company’s largest customer, Walmart Stores, Inc. and its affiliates, were 27%, 26% and 27% of consolidated net sales for each of the fiscal years ended June 30, 2016, 2015 and 2014, respectively, and occurred in each of the Company’s reportable segments. No other customers accounted for more than 10% of consolidated net sales in any of these fiscal years. During fiscal years 2016, 2015 and 2014, the Company’s five largest customers accounted for 46%, 45%, and 45% of its consolidated net sales for each of the three fiscal years, respectively. Three of the Company’s product lines have accounted for 10% or more of consolidated net sales during each of the past three fiscal years. In fiscal years 2016, 2015 and 2014, sales of liquid bleach represented approximately 13%, 14% and 13% of the Company’s consolidated net sales, respectively, approximately 25%, 26%, and 26% of net sales in the Cleaning segment for each such years, respectively, and approximately 27%, 27% and 28% of net sales in the International segment, respectively. Sales of trash bags represented approximately 13%, 14% and 13% of the Company’s consolidated net sales in each of the fiscal years 2016, 2015 and 2014, respectively, and approximately 37%, 38% and 36% of net sales in the Household segment, respectively, for each such years. Sales of charcoal represented approximately 11% of the Company’s consolidated net sales and approximately 34% of net sales in the Household segment in fiscal years 2016, 2015 and 2014. Net sales and property, plant and equipment, net, by geographic area as of and for the fiscal years ended June 30 were as follows:
| Fiscal Year |  | United States |  | Foreign |  | Total Company
Net sales | 2016 |  | $ | 4,805 |  | $ | 956 |  | $ | 5,761
| 2015 |  |  | 4,609 |  |  | 1,046 |  |  | 5,655
| 2014 |  |  | 4,466 |  |  | 1,048 |  |  | 5,514
Property, plant and equipment, net | 2016 |  | $ | 799 |  | $ | 107 |  | $ | 906
| 2015 |  |  | 801 |  |  | 117 |  |  | 918

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8981-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e9038-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8971-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8595-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8380-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8984-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e9031-108599 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e9054-108599 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8538-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8864-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8924-108599 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8906-108599 + Details
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