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STOCKHOLDERS' EQUITY | 6 Months Ended
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Dec. 31, 2023
Equity [Abstract] |
STOCKHOLDERS' EQUITY | STOCKHOLDERS’ EQUITY Changes in the components of Stockholders’ equity were as follows for the periods indicated:
| Three months ended December 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 |  | Noncontrolling interests |  | Total stockholders’ equity
Amount |  | Shares |  |  |  | Amount |  | Shares |  |  |
Balance as of September 30, 2022 | $ | 131 |  |  | 130,741 |  |  | $ | 1,193 |  |  | $ | 832 |  |  | $ | (1,315) |  |  | (7,385) |  |  | $ | (515) |  |  | $ | 170 |  |  | $ | 496 |
Net earnings | — |  |  | — |  |  | — |  |  | 99 |  |  | — |  |  | — |  |  | — |  |  | 3 |  |  | 102 |
Other comprehensive (loss) income | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 13 |  |  | — |  |  | 13 |
Dividends to Clorox stockholders ($1.18 per share declared) | — |  |  | — |  |  | — |  |  | (147) |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (147) |
Dividends to noncontrolling interests | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (3) |  |  | (3) |
Stock-based compensation | — |  |  | — |  |  | 21 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 21 |
Other employee stock plan activities | — |  |  | — |  |  | (7) |  |  | (2) |  |  | 18 |  |  | 122 |  |  | — |  |  | — |  |  | 9 |
Balance as of December 31, 2022 | $ | 131 |  |  | 130,741 |  |  | $ | 1,207 |  |  | $ | 782 |  |  | $ | (1,297) |  |  | (7,263) |  |  | $ | (502) |  |  | $ | 170 |  |  | $ | 491 |
Balance as of September 30, 2023 | $ | 131 |  |  | 130,741 |  |  | $ | 1,246 |  |  | $ | 299 |  |  | $ | (1,219) |  |  | (6,740) |  |  | $ | (494) |  |  | $ | 168 |  |  | $ | 131 |
Net earnings (losses) | — |  |  | — |  |  | — |  |  | 93 |  |  | — |  |  | — |  |  | — |  |  | 3 |  |  | 96 |
Other comprehensive (loss) income | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 135 |  |  | — |  |  | 135 |
Dividends to Clorox stockholders ($1.20 per share declared) | — |  |  | — |  |  | — |  |  | (150) |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (150) |
Dividends to noncontrolling interests | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (6) |  |  | (6) |
Stock-based compensation | — |  |  | — |  |  | 16 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 16 |
Other employee stock plan activities | — |  |  | — |  |  | (17) |  |  | (1) |  |  | 14 |  |  | 79 |  |  | — |  |  | — |  |  | (4) |
Balance as of December 31, 2023 | $ | 131 |  |  | 130,741 |  |  | $ | 1,245 |  |  | $ | 241 |  |  | $ | (1,205) |  |  | (6,661) |  |  | $ | (359) |  |  | $ | 165 |  |  | $ | 218 |
| Six months ended December 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 |  | Noncontrolling interests |  | Total stockholders’ equity
Amount |  | Shares |  |  |  | Amount |  | Shares |  |  |
Balance as of June 30, 2022 | $ | 131 |  |  | 130,741 |  |  | $ | 1,202 |  |  | $ | 1,048 |  |  | $ | (1,346) |  |  | (7,589) |  |  | $ | (479) |  |  | $ | 173 |  |  | $ | 729 |
Net earnings | — |  |  | — |  |  | — |  |  | 184 |  |  | — |  |  | — |  |  | — |  |  | 5 |  |  | 189 |
Other comprehensive (loss) income | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (23) |  |  | — |  |  | (23) |
Dividends to Clorox stockholders ($3.54 per share declared) | — |  |  | — |  |  | — |  |  | (440) |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (440) |
Dividends to noncontrolling interests | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (8) |  |  | (8) |
Stock-based compensation | — |  |  | — |  |  | 31 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 31 |
Other employee stock plan activities | — |  |  | — |  |  | (26) |  |  | (10) |  |  | 49 |  |  | 326 |  |  | — |  |  | — |  |  | 13 |
Balance as of December 31, 2022 | $ | 131 |  |  | 130,741 |  |  | $ | 1,207 |  |  | $ | 782 |  |  | $ | (1,297) |  |  | (7,263) |  |  | $ | (502) |  |  | $ | 170 |  |  | $ | 491 |
Balance as of June 30, 2023 | $ | 131 |  |  | 130,741 |  |  | $ | 1,245 |  |  | $ | 583 |  |  | $ | (1,246) |  |  | (6,921) |  |  | $ | (493) |  |  | $ | 168 |  |  | $ | 388 |
Net earnings (losses) | — |  |  | — |  |  | — |  |  | 115 |  |  | — |  |  | — |  |  | — |  |  | 6 |  |  | 121 |
Other comprehensive (loss) income | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 134 |  |  | — |  |  | 134 |
Dividends to Clorox stockholders ($3.60 per share declared) | — |  |  | — |  |  | — |  |  | (450) |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (450) |
Dividends to noncontrolling interests | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (9) |  |  | (9) |
Stock-based compensation | — |  |  | — |  |  | 29 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 29 |
Other employee stock plan activities | — |  |  | — |  |  | (29) |  |  | (7) |  |  | 41 |  |  | 260 |  |  | — |  |  | — |  |  | 5 |
Balance as of December 31, 2023 | $ | 131 |  |  | 130,741 |  |  | $ | 1,245 |  |  | $ | 241 |  |  | $ | (1,205) |  |  | (6,661) |  |  | $ | (359) |  |  | $ | 165 |  |  | $ | 218 |
Changes in Accumulated other comprehensive net (loss) income attributable to Clorox by component were as follows for the periods indicated:
| Three months ended December 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 September 30, 2022 | $ | (477) |  |  | $ | 113 |  |  | $ | (151) |  |  | $ | (515) |
Other comprehensive (loss) income before reclassifications | 18 |  |  | — |  |  | — |  |  | 18 |
Amounts reclassified from Accumulated other comprehensive net (loss) income | — |  |  | (6) |  |  | 2 |  |  | (4) |
Income tax benefit (expense) | — |  |  | — |  |  | (1) |  |  | (1) |
Net current period other comprehensive (loss) income | 18 |  |  | (6) |  |  | 1 |  |  | 13 |
Balance as of December 31, 2022 | $ | (459) |  |  | $ | 107 |  |  | $ | (150) |  |  | $ | (502) |
Balance as of September 30, 2023 | $ | (456) |  |  | $ | 98 |  |  | $ | (136) |  |  | $ | (494) |
Other comprehensive (loss) income before reclassifications | 17 |  |  | (6) |  |  | (7) |  |  | 4 |
Amounts reclassified from Accumulated other comprehensive net (loss) income (1) | — |  |  | (3) |  |  | 172 |  |  | 169 |
Income tax benefit (expense), and other | — |  |  | 1 |  |  | (39) |  |  | (38) |
Net current period other comprehensive (loss) income | 17 |  |  | (8) |  |  | 126 |  |  | 135 |
Balance as of December 31, 2023 | $ | (439) |  |  | $ | 90 |  |  | $ | (10) |  |  | $ | (359) |
| Six months ended December 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, 2022 | $ | (448) |  |  | $ | 121 |  |  | $ | (152) |  |  | $ | (479) |
Other comprehensive (loss) income before reclassifications | (11) |  |  | (2) |  |  | — |  |  | (13) |
Amounts reclassified from Accumulated other comprehensive net (loss) income | — |  |  | (14) |  |  | 3 |  |  | (11) |
Income tax benefit (expense) | — |  |  | 2 |  |  | (1) |  |  | 1 |
Net current period other comprehensive (loss) income | (11) |  |  | (14) |  |  | 2 |  |  | (23) |
Balance as of December 31, 2022 | $ | (459) |  |  | $ | 107 |  |  | $ | (150) |  |  | $ | (502) |
Balance as of June 30, 2023 | $ | (445) |  |  | $ | 99 |  |  | $ | (147) |  |  | $ | (493) |
Other comprehensive (loss) income before reclassifications | 6 |  |  | (6) |  |  | 4 |  |  | 4 |
Amounts reclassified from Accumulated other comprehensive net (loss) income (1) | — |  |  | (4) |  |  | 175 |  |  | 171 |
Income tax benefit (expense), and other | — |  |  | 1 |  |  | (42) |  |  | (41) |
Net current period other comprehensive (loss) income | 6 |  |  | (9) |  |  | 137 |  |  | 134 |
Balance as of December 31, 2023 | $ | (439) |  |  | $ | 90 |  |  | $ | (10) |  |  | $ | (359) |
(1)Includes recognition of pension settlement charge reclassified into Net earnings. See Note 12 for additional details.

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