XML 23 R8.htm IDEA: XBRL DOCUMENT v3.21.2
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended 12 Months Ended
Jun. 30, 2021
Sep. 30, 2020
Jun. 30, 2020
Sep. 30, 2019
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2018
Operating activities:                
Net earnings $ 100 $ 417 $ 310 $ 203 $ 719 $ 939 $ 820 $ 823
Adjustments to reconcile net earnings to net cash provided by operations:                
Depreciation and amortization         211 180 180  
Stock-based compensation         50 50 43  
Deferred income taxes         (32) (2) (20)  
Goodwill, trademark and other asset impairments         329 0 0  
Other         10 30 (29)  
Changes in:                
Receivables, net         82 (27) (32)  
Inventories, net         (282) 50 (7)  
Prepaid expenses and other current assets         (30) 2 (6)  
Accounts payable and accrued liabilities         311 291 17  
Operating lease right-of-use assets and liabilities, net         (2) 19 0  
Income taxes payable/prepaid         (90) 14 26  
Net cash provided by operations         1,276 1,546 992  
Investing activities:                
Capital expenditures         (331) (254) (206)  
Businesses acquired, net of cash acquired         (85) 0 0  
Other         (36) 2 10  
Net cash used for investing activities         (452) (252) (196)  
Financing activities:                
Notes and loans payable, net         0 (396) 189  
Long-term debt borrowings, net of issuance costs paid         0 492 0  
Treasury stock purchased         (905) (248) (661)  
Cash dividends paid to Clorox stockholders         (558) (533) (490)  
Cash dividends paid to noncontrolling interests         (31) 0 0  
Issuance of common stock for employee stock plans and other         103 162 147  
Net cash used for financing activities         (1,391) (523) (815)  
Effect of exchange rate changes on cash, cash equivalents, and restricted cash         12 (5) (2)  
Net increase (decrease) in cash, cash equivalents and restricted cash         (555) 766 (21)  
Cash, cash equivalents and restricted cash:                
Beginning of year   $ 879   $ 113 879 113 134  
End of year 324   879   324 879 113 $ 134
Supplemental cash flow information:                
Interest paid         89 89 87  
Income taxes paid, net of refunds         303 241 207  
Non-cash financing activities:                
Cash dividends declared and accrued, but not paid $ 156   $ 140   $ 156 $ 140 $ 133