XML 16 R21.htm IDEA: XBRL DOCUMENT
v3.20.1

FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS (Tables) | 9 Months Ended
--- | ---
Mar. 31, 2020
FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS [Abstract] |
Effects of Derivative Instruments Designated as Hedging Instruments on OCI | The effects of derivative instruments designated as hedging instruments on Other comprehensive (loss) income and Net earnings were as follows:
| Gains (losses) recognized in Other comprehensive (loss) income |  |  |  |  |  |
| Three Months Ended |  |  |  | Nine Months Ended |  |
| 3/31/2020 |  | 3/31/2019 |  | 3/31/2020 |  | 3/31/2019
Commodity purchase derivative contracts | $ | (11) |  |  | $ | 2 |  |  | $ | (8) |  |  | $ | (4) |
Foreign exchange derivative contracts | 2 |  |  | — |  |  | 2 |  |  | 1 |
Interest rate derivative contracts | — |  |  | — |  |  | — |  |  | — |
Total | $ | (9) |  |  | $ | 2 |  |  | $ | (6) |  |  | $ | (3) |
Effects of Derivative Instruments Designated as Hedging Instruments on Net Earnings |
| Location of Gains (losses) reclassified from Accumulated other comprehensive net (loss) income into Net earnings | Gains (losses) reclassified from Accumulated other comprehensive net (loss) income and recognized in Net earnings |  |  |  |  |  |
|  | Three Months Ended |  |  |  | Nine Months Ended |  |
|  | 3/31/2020 |  | 3/31/2019 |  | 3/31/2020 |  | 3/31/2019
Commodity purchase derivative contracts | Cost of products sold | $ | — |  |  | $ | (1) |  |  | $ | (1) |  |  | $ | (1) |
Foreign exchange derivative contracts | Cost of products sold | — |  |  | 1 |  |  | — |  |  | 2 |
Interest rate derivative contracts | Interest expense | (2) |  |  | (2) |  |  | (5) |  |  | (5) |
Total |  | $ | (2) |  |  | $ | (2) |  |  | $ | (6) |  |  | $ | (4) |
Schedule of Assets and Liabilities for Fair Value Disclosure | The following table provides information about the balance sheet classification and the fair values of the Company’s derivative instruments:
|  |  |  |  | 3/31/2020 |  |  |  | 6/30/2019 |  |
| Balance sheet classification |  | Fair value hierarchy level |  | Carrying Amount |  | Estimated Fair Value |  | Carrying Amount |  | Estimated Fair Value
Assets |  |  |  |  |  |  |  |  |  |  |
Foreign exchange forward contracts | Prepaid expenses and other current assets |  | 2 |  | $ | 2 |  |  | $ | 2 |  |  | $ | — |  |  | $ | — |
|  |  |  |  | $ | 2 |  |  | $ | 2 |  |  | $ | — |  |  | $ | — |
Liabilities |  |  |  |  |  |  |  |  |  |  |
Commodity purchase swaps contracts | Accounts payable and accrued liabilities |  | 2 |  | $ | 5 |  |  | $ | 5 |  |  | $ | 1 |  |  | $ | 1 |
Commodity purchase futures contracts | Accounts payable and accrued liabilities |  | 1 |  | 1 |  |  | 1 |  |  | 1 |  |  | 1 |
Commodity purchase swaps contracts | Other liabilities |  | 2 |  | 1 |  |  | 1 |  |  | — |  |  | — |
|  |  |  |  | $ | 7 |  |  | $ | 7 |  |  | $ | 2 |  |  | $ | 2 |
The following table provides information about the balance sheet classification and the fair values of the Company’s other assets and liabilities for which disclosure of fair value is required:
|  |  |  |  | 3/31/2020 |  |  |  | 6/30/2019 |  |
| Balance sheet classification |  | Fair value hierarchy level |  | Carrying Amount |  | Estimated Fair Value |  | Carrying Amount |  | Estimated Fair Value
Assets |  |  |  |  |  |  |  |  |  |  |
Investments, including money market funds | Cash and cash equivalents (a) |  | 1 |  | $ | 179 |  |  | $ | 179 |  |  | $ | 26 |  |  | $ | 26 |
Time deposits | Cash and cash equivalents (a) |  | 2 |  | 168 |  |  | 168 |  |  | 7 |  |  | 7 |
Trust assets for nonqualified deferred compensation plans | Other assets |  | 1 |  | 89 |  |  | 89 |  |  | 96 |  |  | 96 |
|  |  |  |  | $ | 436 |  |  | $ | 436 |  |  | $ | 129 |  |  | $ | 129 |
Liabilities |  |  |  |  |  |  |  |  |  |  |
Notes and loans payable | Notes and loans payable (b) |  | 2 |  | $ | 638 |  |  | $ | 638 |  |  | $ | 396 |  |  | $ | 396 |
Current maturities of long-term debt and Long-term debt | Current maturities of long- term debt and Long-term debt (c) |  | 2 |  | 2,288 |  |  | 2,430 |  |  | 2,287 |  |  | 2,402 |
|  |  |  |  | $ | 2,926 |  |  | $ | 3,068 |  |  | $ | 2,683 |  |  | $ | 2,798 |
____________________ (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 loans payable is composed of amounts drawn on the Company’s Credit Agreement, outstanding U.S. commercial paper balances and/or other similar short-term debt 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 fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=121572278&loc=d3e13467-108611 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 + Details
Name: | us-gaap_FairValueByBalanceSheetGroupingTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of gain (loss) on derivative and nonderivative instruments designated and qualifying as cash flow hedge recorded in accumulated other comprehensive income (AOCI) and reclassified into earnings. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=121590274&loc=SL5624171-113959 + Details
Name: | us-gaap_ScheduleOfCashFlowHedgesIncludedInAccumulatedOtherComprehensiveIncomeLossTableTextBlock
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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4A -URI http://asc.fasb.org/extlink&oid=121590274&loc=SL5618551-113959 + Details
Name: | us-gaap_ScheduleOfDerivativesInstrumentsStatementsOfFinancialPerformanceAndFinancialPositionLocationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration