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UNAUDITED QUARTERLY DATA (Tables) | 12 Months Ended
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Jun. 30, 2020
Quarterly Financial Data [Abstract] |
Unaudited Quarterly Data |
Dollars in millions, except per share data | Quarters Ended |  |  |  |  |  |  |  |
| September 30 |  | December 31 |  | March 31 |  | June 30 |  | Full Year
Fiscal year ended June 30, 2020 |  |  |  |  |  |  |  |  |
Net sales | $ | 1,506 |  |  | $ | 1,449 |  |  | $ | 1,783 |  |  | $ | 1,983 |  |  | $ | 6,721 |
Cost of products sold | $ | 843 |  |  | $ | 810 |  |  | $ | 951 |  |  | $ | 1,054 |  |  | $ | 3,658 |
Net earnings | $ | 203 |  |  | $ | 185 |  |  | $ | 241 |  |  | $ | 310 |  |  | $ | 939 |
Net earnings per share: |  |  |  |  |  |  |  |  |
Basic net earnings per share | $ | 1.61 |  |  | $ | 1.48 |  |  | $ | 1.92 |  |  | $ | 2.45 |  |  | $ | 7.46 |
Diluted net earnings per share | $ | 1.59 |  |  | $ | 1.46 |  |  | $ | 1.89 |  |  | $ | 2.41 |  |  | $ | 7.36 |
Dividends declared per share | $ | 1.06 |  |  | $ | 1.06 |  |  | $ | 1.06 |  |  | $ | 1.11 |  |  | $ | 4.29 |
Fiscal year ended June 30, 2019 |  |  |  |  |  |  |  |  |
Net sales | $ | 1,563 |  |  | $ | 1,473 |  |  | $ | 1,551 |  |  | $ | 1,627 |  |  | $ | 6,214 |
Cost of products sold | $ | 885 |  |  | $ | 830 |  |  | $ | 878 |  |  | $ | 893 |  |  | $ | 3,486 |
Net earnings | $ | 210 |  |  | $ | 182 |  |  | $ | 187 |  |  | $ | 241 |  |  | $ | 820 |
Net earnings per share: |  |  |  |  |  |  |  |  |
Basic net earnings per share | $ | 1.65 |  |  | $ | 1.42 |  |  | $ | 1.46 |  |  | $ | 1.91 |  |  | $ | 6.42 |
Diluted net earnings per share | $ | 1.62 |  |  | $ | 1.40 |  |  | $ | 1.44 |  |  | $ | 1.88 |  |  | $ | 6.32 |
Dividends declared per share | $ | 0.96 |  |  | $ | 0.96 |  |  | $ | 0.96 |  |  | $ | 1.06 |  |  | $ | 3.94 |
FIVE-YEAR FINANCIAL SUMMARY The Clorox Company
| Years ended June 30 |  |  |  |  |  |  |  |
Dollars in millions, except per share data | 2020 |  | 2019 |  | 2018 |  | 2017 |  | 2016
OPERATIONS |  |  |  |  |  |  |  |  |
Net sales | $ | 6,721 |  |  | $ | 6,214 |  |  | $ | 6,124 |  |  | $ | 5,973 |  |  | $ | 5,761 |
Gross profit | 3,063 |  |  | $ | 2,728 |  |  | $ | 2,675 |  |  | $ | 2,671 |  |  | $ | 2,598 |
Earnings from continuing operations | $ | 939 |  |  | $ | 820 |  |  | $ | 823 |  |  | $ | 703 |  |  | $ | 648 |
(Losses) earnings from discontinued operations, net of tax | — |  |  | — |  |  | — |  |  | (2) |  |  | — |
Net earnings | $ | 939 |  |  | $ | 820 |  |  | $ | 823 |  |  | $ | 701 |  |  | $ | 648 |
COMMON STOCK |  |  |  |  |  |  |  |  |
Earnings per share |  |  |  |  |  |  |  |  |
Continuing operations |  |  |  |  |  |  |  |  |
Basic | $ | 7.46 |  |  | $ | 6.42 |  |  | $ | 6.37 |  |  | $ | 5.45 |  |  | $ | 5.01 |
Diluted | 7.36 |  |  | 6.32 |  |  | 6.26 |  |  | 5.35 |  |  | 4.92 |
Dividends declared per share | 4.29 |  |  | 3.94 |  |  | 3.60 |  |  | 3.24 |  |  | 3.11 |
| As of June 30 |  |  |  |  |  |  |  |
Dollars in millions | 2020 |  | 2019 |  | 2018 |  | 2017 |  | 2016
OTHER DATA |  |  |  |  |  |  |  |  |
Total assets (1) (2) | $ | 6,213 |  |  | $ | 5,116 |  |  | $ | 5,060 |  |  | $ | 4,573 |  |  | $ | 4,510 |
Long-term debt (1) | 2,780 |  |  | 2,287 |  |  | 2,284 |  |  | 1,391 |  |  | 1,789 |
(1) Amounts for the fiscal years ended June 30, 2016 have been retrospectively adjusted to conform to the presentation of debt issuance costs required by ASU No. 2015-03, “Interest - Imputation of Interest (ASC 835-30): Simplifying the Presentation of Debt Issuance Costs.” (2) As a result of adopting ASU No. 2016-02, “Leases (ASC 842),” the Company has included operating right-of-use assets within Total assets as of June 30, 2020. See Note 1 for more information

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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/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121640914&loc=d3e1280-108306 + Details
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