XML 55 R40.htm IDEA: XBRL DOCUMENT
v3.7.0.1

FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS (Tables) | 12 Months Ended
--- | ---
Jun. 30, 2017
FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS [Abstract] |
Schedule of Derivative Instruments, Effect on Other Comprehensive Income (Loss) | The effects of derivative instruments designated as hedging instruments on Other comprehensive income (loss) and Net earnings were as follows during the fiscal years ended June 30:
| Gains (losses) recognized in Other comprehensive income
| 2017 |  | 2016 |  | 2015
Commodity purchase derivative contracts | $ | (3 | ) |  | $ | (4 | ) |  | $ | (13 | )
Foreign exchange derivative contracts | (1 | ) |  | (3 | ) |  | 7 |
Interest rate derivative contracts | — |  |  | — |  |  | (12 | )
Total | $ | (4 | ) |  | $ | (7 | ) |  | $ | (18 | )
Schedule of Derivatives Instruments Statements of Financial Performance and Financial Position, Location |
| Gains (losses) reclassified from Accumulated other comprehensive loss and recognized in Net earnings
| 2017 |  | 2016 |  | 2015
Commodity purchase derivative contracts | $ | (2 | ) |  | $ | (13 | ) |  | $ | (5 | )
Foreign exchange derivative contracts | (3 | ) |  | 1 |  |  | 3 |
Interest rate derivative contracts | (6 | ) |  | (6 | ) |  | (5 | )
Total | $ | (11 | ) |  | $ | (18 | ) |  | $ | (7 | )
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis | The following table summarizes the fair value of Company’s assets and liabilities for which disclosure of fair value is required as of June 30:
|  |  |  |  | 2017 |  | 2016
Assets | Balance sheet classification |  | Fair value hierarchy level |  | Carrying Amount |  | Estimated Fair Value |  | Carrying Amount |  | Estimated Fair Value
Investments including money market funds | Cash and cash equivalents (a) |  | 1 |  | $ | 221 |  |  | $ | 221 |  |  | $ | 234 |  |  | $ | 234 |
Time deposits | Cash and cash equivalents (a) |  | 2 |  | 115 |  |  | 115 |  |  | 79 |  |  | 79 |
Commodity purchase futures contracts | Prepaid expenses and other current assets |  | 1 |  | — |  |  | — |  |  | 1 |  |  | 1 |
Commodity purchase swaps contracts | Prepaid expenses and other current assets |  | 2 |  | 1 |  |  | 1 |  |  | — |  |  | — |
Foreign exchange forward contracts | Prepaid expenses and other current assets |  | 2 |  | — |  |  | — |  |  | 1 |  |  | 1 |
Commodity purchase swaps contracts | Other assets |  | 2 |  | — |  |  | — |  |  | 1 |  |  | 1 |
Trust assets for nonqualified deferred compensation plans | Other assets |  | 1 |  | 72 |  |  | 72 |  |  | 52 |  |  | 52 |
|  |  |  |  | $ | 409 |  |  | $ | 409 |  |  | $ | 368 |  |  | $ | 368 |
Liabilities |  |  |  |  |  |  |  |  |  |  |
Notes and loans payable | Notes and loans payable (b) |  | 2 |  | $ | 404 |  |  | $ | 404 |  |  | $ | 523 |  |  | $ | 523 |
Commodity purchase swaps contracts | Accounts payable and accrued liabilities |  | 2 |  | 1 |  |  | 1 |  |  | 1 |  |  | 1 |
Foreign exchange forward contracts | Accounts payable and accrued liabilities |  | 2 |  | 1 |  |  | 1 |  |  | 4 |  |  | 4 |
Current maturities of long-term debt and Long-term debt | Current maturities of long- term debt and Long-term debt (c) |  | 2 |  | 1,791 |  |  | 1,855 |  |  | 1,789 |  |  | 1,922 |
|  |  |  |  | $ | 2,197 |  |  | $ | 2,261 |  |  | $ | 2,317 |  |  | $ | 2,450 |
(a) | Cash and cash equivalents are composed of time deposits and other interest bearing investments including money market funds with original maturity dates of 90 days or less. Cash and cash equivalents are recorded at cost, which approximates fair value.
(b) | Notes and loan payable is composed of U.S. commercial paper and/or other similar short-term debts issued by non-U.S. subsidiaries, all of which are recorded at cost, which approximates fair value.
(c) | Current maturities of long-term debt and Long-term debt are recorded at cost. The fair value of Long-term debt, including current maturities, was determined using secondary market prices quoted by corporate bond dealers, and is classified as Level 2.

X
- Definition Financial Instruments and Fair Value Measurements [Abstract] + References No definition available. + Details
Name: | clx_FinancialInstrumentsAndFairValueMeasurementsAbstract
Namespace Prefix: | clx_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the effective portion of the gains and losses on derivative instruments designated (and non-derivative instruments) designated and qualifying in cash flow hedges and net investment hedges that was recognized in other comprehensive income (loss) during the current period. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=64837297&loc=SL5624171-113959 + Details
Name: | us-gaap_ScheduleOfDerivativeInstrumentsEffectOnOtherComprehensiveIncomeLossTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of derivative instruments (including nonderivative instruments that are designated and qualify as hedging instruments) of (a) the location and amount of gains and losses reported in the statement of financial performance and (b) the location and fair value amounts of the instruments reported in the statement of financial position. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4A -URI http://asc.fasb.org/extlink&oid=64837297&loc=SL5618551-113959 + Details
Name: | us-gaap_ScheduleOfDerivativesInstrumentsStatementsOfFinancialPerformanceAndFinancialPositionLocationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19190-110258 + Details
Name: | us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration