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SEGMENT REPORTING | 12 Months Ended
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Jun. 30, 2020
Segment Reporting [Abstract] |
SEGMENT REPORTING | SEGMENT REPORTING The Company operates through SBUs which are also the Company’s operating segments. These SBUs are then aggregated into four reportable segments. In the fourth quarter of fiscal year 2020, the Company realigned its reportable segments following operational and systems integration. The Digestive Health and Dietary Supplements SBUs, previously included in the Household and Lifestyle reportable segments, respectively, were combined into a new Vitamins, Minerals and Supplements SBU, and the Home Care and Laundry SBUs, previously included in the Cleaning reportable segment, were combined to create the Cleaning SBU. These newly established SBUs, along with the Professional Products SBU, now make up the new Health and Wellness reportable segment due to their shared economic and qualitative characteristics. All periods presented have been recast to reflect this change. The four reportable segments consist of the following: •Health and Wellness consists of cleaning products, professional products, and vitamins, minerals and supplement products mainly marketed and sold in the U.S. Products within this segment include cleaning products such as laundry additives, including bleach products under the Clorox® brand and Clorox 2® stain fighter and color booster; home care products, primarily under the Clorox®, Clorox® Scentiva®, Formula 409®, Liquid-Plumr®, Pine-Sol® and Tilex® brands; professional cleaning and disinfecting products under the CloroxPro™, Clorox Healthcare®, and Clorox® Total 360® brands and professional food service products under the Hidden Valley® brand; and vitamins, minerals and supplement products under the RenewLife®, Rainbow Light®, Natural Vitality®, NeoCell® and Stop Aging Now® brands. •Household consists of grilling products; bags and wraps; and cat litter products marketed and sold in the U.S. Products within this segment include grilling products under the Kingsford® and Kingsford® Match Light® brands; bags and wraps under the Glad® brand; and cat litter products under the Fresh Step®, Scoop Away® and Ever Clean® brands. •Lifestyle consists of food products, water-filtration systems and filters, and natural personal care products marketed and sold in the U.S. Products within this segment include dressings and sauces, primarily under the Hidden Valley® brand; 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 U.S. Products within this segment include laundry additives; home care products; water-filtration systems and filters; digestive health products; grilling products; cat litter products; food products; bags and wraps; natural personal care products; and professional cleaning and disinfecting products primarily under the Clorox®, Ayudin®, Clorinda®, Poett®, Pine-Sol®, Glad®, Brita®, RenewLife®, Ever Clean® 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, prepaid expenses and other current assets, property and equipment, operating lease right-of-use assets, other long-term assets and deferred taxes.
| Fiscal Year |  | Health and Wellness |  | Household |  | Lifestyle |  | International |  | Corporate |  | Total Company
Net sales | 2020 |  | $ | 2,749 |  |  | $ | 1,795 |  |  | $ | 1,154 |  |  | $ | 1,023 |  |  | $ | — |  |  | $ | 6,721 |
| 2019 |  | 2,422 |  |  | 1,774 |  |  | 1,048 |  |  | 970 |  |  | — |  |  | 6,214 |
| 2018 |  | 2,223 |  |  | 1,849 |  |  | 1,024 |  |  | 1,028 |  |  | — |  |  | 6,124 |
Earnings (losses) before income taxes | 2020 |  | 766 |  |  | 347 |  |  | 320 |  |  | 116 |  |  | (364) |  |  | 1,185 |
| 2019 |  | 570 |  |  | 337 |  |  | 264 |  |  | 96 |  |  | (243) |  |  | 1,024 |
| 2018 |  | 550 |  |  | 384 |  |  | 253 |  |  | 84 |  |  | (217) |  |  | 1,054 |
Income from equity investees included in Other (income) expense, net | 2020 |  | — |  |  | — |  |  | — |  |  | 20 |  |  | — |  |  | 20 |
| 2019 |  | — |  |  | — |  |  | — |  |  | 15 |  |  | — |  |  | 15 |
| 2018 |  | — |  |  | — |  |  | — |  |  | 12 |  |  | — |  |  | 12 |
Total assets | 2020 |  | 2,145 |  |  | 810 |  |  | 956 |  |  | 1,010 |  |  | 1,292 |  |  | 6,213 |
| 2019 |  | 1,958 |  |  | 806 |  |  | 943 |  |  | 1,027 |  |  | 382 |  |  | 5,116 |
Capital expenditures | 2020 |  | 72 |  |  | 94 |  |  | 46 |  |  | 20 |  |  | 22 |  |  | 254 |
| 2019 |  | 63 |  |  | 80 |  |  | 26 |  |  | 26 |  |  | 11 |  |  | 206 |
| 2018 |  | 61 |  |  | 72 |  |  | 22 |  |  | 33 |  |  | 6 |  |  | 194 |
Depreciation and amortization | 2020 |  | 64 |  |  | 65 |  |  | 22 |  |  | 22 |  |  | 7 |  |  | 180 |
| 2019 |  | 66 |  |  | 64 |  |  | 20 |  |  | 25 |  |  | 5 |  |  | 180 |
| 2018 |  | 54 |  |  | 62 |  |  | 21 |  |  | 24 |  |  | 5 |  |  | 166 |
Significant non-cash charges included in earnings (losses) before income taxes: |  |  |  |  |  |  |  |  |  |  |  |  |
Stock-based compensation | 2020 |  | 13 |  |  | 9 |  |  | 6 |  |  | 1 |  |  | 21 |  |  | 50 |
| 2019 |  | 15 |  |  | 11 |  |  | 7 |  |  | 1 |  |  | 9 |  |  | 43 |
| 2018 |  | 14 |  |  | 11 |  |  | 7 |  |  | 1 |  |  | 20 |  |  | 53 |
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 25%, 25% and 26% of consolidated net sales for each of the fiscal years ended June 30, 2020, 2019 and 2018, respectively, and occurred across all of the Company’s reportable segments. No other customers accounted for 10% or more of the Company’s consolidated net sales in any of these fiscal years. The following table provides Net sales as a percentage of the Company’s consolidated net sales, disaggregated by SBU under the new reporting structure, for the fiscal years ended June 30:
|  | 2020 |  | 2019 |  | 2018
Cleaning |  | 30 | % |  | 28 | % |  | 28 | %
Professional Products |  | 7 | % |  | 6 | % |  | 6 | %
Vitamins, Minerals and Supplements |  | 4 | % |  | 5 | % |  | 3 | %
Health and Wellness |  | 41 | % |  | 39 | % |  | 37 | %
Bags and Wraps |  | 12 | % |  | 13 | % |  | 14 | %
Cat Litter |  | 7 | % |  | 7 | % |  | 7 | %
Grilling |  | 8 | % |  | 8 | % |  | 9 | %
Household |  | 27 | % |  | 28 | % |  | 30 | %
Food Products |  | 9 | % |  | 9 | % |  | 9 | %
Natural Personal Care |  | 4 | % |  | 5 | % |  | 4 | %
Water Filtration |  | 4 | % |  | 3 | % |  | 3 | %
Lifestyle |  | 17 | % |  | 17 | % |  | 16 | %
International |  | 15 | % |  | 16 | % |  | 17 | %
Total |  | 100 | % |  | 100 | % |  | 100 | %
During fiscal year 2020, the Company’s Charcoal SBU within the Household reportable segment was renamed the Grilling SBU to reflect a broader strategic view of the category. There has been no change to the composition of the Grilling SBU or the Household reportable segment; therefore, no prior periods were restated. The Company’s products are marketed and sold globally. The following table provides the Company’s global product lines, which were sold in the U.S. (including the Professional Products SBU) and International, that accounted for 10% or more of consolidated net sales for the fiscal years ended June 30:
| 2020 |  | 2019 |  | 2018
Cleaning products | 43 | % |  | 40 | % |  | 41 | %
Bags and wraps | 15 | % |  | 16 | % |  | 18 | %
Food products | 10 | % |  | 10 | % |  | 10 | %
Grilling products | 8 | % |  | 9 | % |  | 10 | %
Net sales and property, plant and equipment, net, by geographic area for and as of the fiscal years ended June 30 were as follows:
| Fiscal Year |  | United States |  | Foreign |  | Total Company
Net sales | 2020 |  | $ | 5,725 |  |  | $ | 996 |  |  | $ | 6,721 |
| 2019 |  | 5,281 |  |  | 933 |  |  | 6,214 |
| 2018 |  | 5,135 |  |  | 989 |  |  | 6,124 |
Property, plant and equipment, net | 2020 |  | 1,005 |  |  | 98 |  |  | 1,103 |
| 2019 |  | 929 |  |  | 105 |  |  | 1,034 |

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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/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8981-108599 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9031-108599 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (f) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9054-108599 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8657-108599 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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