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STOCKHOLDERS' EQUITY (Tables)

9 Months Ended

Mar. 31, 2021

Equity [Abstract]

Schedule of Stockholders Equity

Changes in the components of Stockholders’ equity were as follows for the periods indicated:

			Three Months Ended March 31
(Dollars in millions except per share data; shares in thousands)			Common Stock												Additional Paid-in Capital						Retained Earnings						Treasury Stock												Accumulated Other Comprehensive Net (Loss) Income						Non-controlling interests						Total Stockholders’ Equity
			Amount						Shares																		Amount						Shares
Balance as of December 31, 2019			$	159					158,741						$	1,062					$	3,292					$	(3,357)					(33,717)						$	(601)					$	—					$	555
Net earnings			—						—						—						241						—						—						—						—						241
Other comprehensive (loss) income			—						—						—						—						—						—						(55)						—						(55)
Dividends to Clorox stockholders ($1.06 per share declared)			—						—						—						(135)						—						—						—						—						(135)
Stock-based compensation			—						—						18						—						—						—						—						—						18
Other employee stock plan activities			—						—						31						—						70						1,083						—						—						101
Treasury stock purchased			—						—						—						—						(30)						(184)						—						—						(30)
Balance as of March 31, 2020			$	159					158,741						$	1,111					$	3,398					$	(3,317)					(32,818)						$	(656)					$	—					$	695
Balance as of December 31, 2020			$	131					130,741						$	1,176					$	1,302					$	(850)					(5,017)						$	(575)					$	196					$	1,380
Net earnings (losses)			—						—						—						(61)						—						—						—						2						(59)
Other comprehensive (loss) income			—						—						—						—						—						—						22						—						22
Dividends to Clorox stockholders ($1.11 per share declared)			—						—						—						(139)						—						—						—						—						(139)
Dividends to non-controlling interests			—						—						—						—						—						—						—						(3)						(3)
Stock-based compensation			—						—						17						—						—						—						—						—						17
Other employee stock plan activities			—						—						(3)						(16)						44						283						—						—						25
Treasury stock purchased			—						—						—						—						(305)						(1,648)						—						—						(305)
Balance as of March 31, 2021			$	131					130,741						$	1,190					$	1,086					$	(1,111)					(6,382)						$	(553)					$	195					$	938

			Nine Months Ended March 31
(Dollars in millions except per share data; shares in thousands)			Common Stock												Additional Paid-in Capital						Retained Earnings						Treasury Stock												Accumulated Other Comprehensive Net (Loss) Income						Non-controlling interests						Total Stockholders’ Equity
			Amount						Shares																		Amount						Shares
Balance as of June 30, 2019			$	159					158,741						$	1,046					$	3,150					$	(3,194)					(33,055)						$	(602)					$	—					$	559
Cumulative effect of accounting changes, net of tax (1)			—						—						—						22						—						—						—						—						22
Net earnings			—						—						—						629						—						—						—						—						629
Other comprehensive (loss) income			—						—						—						—						—						—						(54)						—						(54)
Dividends to Clorox stockholders ($3.18 per share declared)			—						—						—						(402)						—						—						—						—						(402)
Stock-based compensation			—						—						37						—						—						—						—						—						37
Other employee stock plan activities			—						—						28						(1)						96						1,661						—						—						123
Treasury stock purchased			—						—						—						—						(219)						(1,424)						—						—						(219)
Balance as of March 31, 2020			$	159					158,741						$	1,111					$	3,398					$	(3,317)					(32,818)						$	(656)					$	—					$	695
Balance as of June 30, 2020			$	159					158,741						$	1,137					$	3,567					$	(3,315)					(32,543)						$	(640)					$	—					$	908
Net earnings			—						—						—						613						—						—						—						6						619
Other comprehensive (loss) income			—						—						—						—						—						—						87						—						87
Dividends to Clorox stockholders ($3.33 per share declared)			—						—						—						(421)						—						—						—						—						(421)
Dividends to noncontrolling interests			—						—						—						—						—						—						—						(9)						(9)
Business combinations including purchase accounting adjustments			—						—						—						—						—						—						—						198						198
Stock-based compensation			—						—						52						—						—						—						—						—						52
Other employee stock plan activities			—						—						1						(33)						141						1,233						—						—						109
Treasury stock purchased			—						—						—						—						(605)						(3,072)						—						—						(605)
Treasury stock retirement			(28)						(28,000)						—						(2,640)						2,668						28,000						—						—						—
Balance as of March 31, 2021			$	131					130,741						$	1,190					$	1,086					$	(1,111)					(6,382)						$	(553)					$	195					$	938

(1) As a result of adopting ASU No. 2016-02, “Leases (Topic 842),” on July 1, 2019, the Company recorded a cumulative effect of initially applying the new guidance as an adjustment to the fiscal year 2020 opening balance of Retained earnings.

Schedule of Share Repurchases Under Authorized Programs

Stock repurchases under the two stock repurchase programs were as follows for the periods indicated:

			Three Months Ended																								Nine Months Ended
			3/31/2021												3/31/2020												3/31/2021												3/31/2020
			Amount						Shares (in thousands)						Amount						Shares (in thousands)						Amount						Shares (in thousands)						Amount						Shares (in thousands)
Open-market purchase program			$	200					1,088						$	—					—						$	200					1,088						$	85					577
Evergreen Program			105						560						30						184						405						1,984						134						847
Total stock repurchases			$	305					1,648						$	30					184						$	605					3,072						$	219					1,424

Schedule of Changes in Accumulated Other Comprehensive Net (Losses) Income

Changes in Accumulated other comprehensive net (loss) income attributable to Clorox by component were as follows for the periods indicated:

			Three Months Ended March 31
			Foreign currency translation adjustments						Net unrealized gains (losses) on derivatives						Pension and postretirement benefit adjustments						Accumulated other comprehensive net (loss) income
Balance as of December 31, 2019			$	(421)					$	(17)					$	(163)					$	(601)
Other comprehensive (loss) income before reclassifications			(49)						(9)						—						(58)
Amounts reclassified from Accumulated other comprehensive net (loss) income			—						2						2						4
Income tax benefit (expense)			(2)						2						(1)						(1)
Net current period other comprehensive (loss) income			(51)						(5)						1						(55)
Balance as of March 31, 2020			$	(472)					$	(22)					$	(162)					$	(656)
Balance as of December 31, 2020			$	(403)					$	(3)					$	(169)					$	(575)
Other comprehensive (loss) income before reclassifications			(6)						33						—						27
Amounts reclassified from Accumulated other comprehensive net (loss) income			—						2						3						5
Income tax benefit (expense), and other			(1)						(8)						(1)						(10)
Net current period other comprehensive (loss) income			(7)						27						2						22
Balance as of March 31, 2021			$	(410)					$	24					$	(167)					$	(553)
			Nine Months Ended March 31
			Foreign currency translation adjustments						Net unrealized gains (losses) on derivatives						Pension and postretirement benefit adjustments						Accumulated other comprehensive net (loss) income
Balance as of June 30, 2019			$	(414)					$	(23)					$	(165)					$	(602)
Other comprehensive (loss) income before reclassifications			(55)						(6)						—						(61)
Amounts reclassified from Accumulated other comprehensive net (loss) income			—						6						5						11
Income tax benefit (expense)			(3)						1						(2)						(4)
Net current period other comprehensive (loss) income			(58)						1						3						(54)
Balance as of March 31, 2020			$	(472)					$	(22)					$	(162)					$	(656)
Balance as of June 30, 2020			$	(450)					$	(18)					$	(172)					$	(640)
Other comprehensive (loss) income before reclassifications			38						47						—						85
Amounts reclassified from Accumulated other comprehensive net (loss) income			—						7						7						14
Income tax benefit (expense), and other			2						(12)						(2)						(12)
Net current period other comprehensive (loss) income			40						42						5						87
Balance as of March 31, 2021			$	(410)					$	24					$	(167)					$	(553)

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