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UNAUDITED QUARTERLY DATA (Tables) | 12 Months Ended
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Jun. 30, 2017
Quarterly Financial Data [Abstract] |
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.

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- Definition Tabular disclosure of quarterly financial data. Includes, but is not limited to, financial information for fiscal quarters, cumulative effect of a change in accounting principle and earnings per share data. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a)-(j) -URI http://asc.fasb.org/extlink&oid=68076893&loc=d3e1280-108306 + Details
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