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STOCKHOLDERS' EQUITY | 9 Months Ended
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Mar. 31, 2024
Equity [Abstract] |
STOCKHOLDERS' EQUITY | 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 |  | Noncontrolling interests |  | Total stockholders’ equity
Amount |  | Shares |  |  |  | Amount |  | Shares |  |  |
Balance as of December 31, 2022 | $ | 131 |  |  | 130,741 |  |  | $ | 1,207 |  |  | $ | 782 |  |  | $ | (1,297) |  |  | (7,263) |  |  | $ | (502) |  |  | $ | 170 |  |  | $ | 491 |
Net earnings (losses) | — |  |  | — |  |  | — |  |  | (211) |  |  | — |  |  | — |  |  | — |  |  | 2 |  |  | (209) |
Other comprehensive (loss) income | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 4 |  |  | — |  |  | 4 |
Dividends to Clorox stockholders ($1.18 per share declared) | — |  |  | — |  |  | — |  |  | (147) |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (147) |
Dividends to noncontrolling interests | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (3) |  |  | (3) |
Stock-based compensation | — |  |  | — |  |  | 29 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 29 |
Other employee stock plan activities | — |  |  | — |  |  | (4) |  |  | (9) |  |  | 20 |  |  | 133 |  |  | — |  |  | — |  |  | 7 |
Balance as of March 31, 2023 | $ | 131 |  |  | 130,741 |  |  | $ | 1,232 |  |  | $ | 415 |  |  | $ | (1,277) |  |  | (7,130) |  |  | $ | (498) |  |  | $ | 169 |  |  | $ | 172 |
Balance as of December 31, 2023 | $ | 131 |  |  | 130,741 |  |  | $ | 1,245 |  |  | $ | 241 |  |  | $ | (1,205) |  |  | (6,661) |  |  | $ | (359) |  |  | $ | 165 |  |  | $ | 218 |
Net earnings (losses) | — |  |  | — |  |  | — |  |  | (51) |  |  | — |  |  | — |  |  | — |  |  | 1 |  |  | (50) |
Other comprehensive (loss) income | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 204 |  |  | — |  |  | 204 |
Dividends to Clorox stockholders ($1.20 per share declared) | — |  |  | — |  |  | — |  |  | (150) |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (150) |
Dividends to noncontrolling interests | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (2) |  |  | (2) |
Stock-based compensation | — |  |  | — |  |  | 26 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 26 |
Other employee stock plan activities | — |  |  | — |  |  | (1) |  |  | (6) |  |  | 16 |  |  | 106 |  |  | — |  |  | — |  |  | 9 |
Balance as of March 31, 2024 | $ | 131 |  |  | 130,741 |  |  | $ | 1,270 |  |  | $ | 34 |  |  | $ | (1,189) |  |  | (6,555) |  |  | $ | (155) |  |  | $ | 164 |  |  | $ | 255 |
| 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 |  | 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 (losses) | — |  |  | — |  |  | — |  |  | (27) |  |  | — |  |  | — |  |  | — |  |  | 7 |  |  | (20) |
Other comprehensive (loss) income | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (19) |  |  | — |  |  | (19) |
Dividends to Clorox stockholders ($4.72 per share declared) | — |  |  | — |  |  | — |  |  | (587) |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (587) |
Dividends to noncontrolling interests | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (11) |  |  | (11) |
Stock-based compensation | — |  |  | — |  |  | 60 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 60 |
Other employee stock plan activities | — |  |  | — |  |  | (30) |  |  | (19) |  |  | 69 |  |  | 459 |  |  | — |  |  | — |  |  | 20 |
Balance as of March 31, 2023 | $ | 131 |  |  | 130,741 |  |  | $ | 1,232 |  |  | $ | 415 |  |  | $ | (1,277) |  |  | (7,130) |  |  | $ | (498) |  |  | $ | 169 |  |  | $ | 172 |
Balance as of June 30, 2023 | $ | 131 |  |  | 130,741 |  |  | $ | 1,245 |  |  | $ | 583 |  |  | $ | (1,246) |  |  | (6,921) |  |  | $ | (493) |  |  | $ | 168 |  |  | $ | 388 |
Net earnings | — |  |  | — |  |  | — |  |  | 64 |  |  | — |  |  | — |  |  | — |  |  | 7 |  |  | 71 |
Other comprehensive (loss) income | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 338 |  |  | — |  |  | 338 |
Dividends to Clorox stockholders ($4.80 per share declared) | — |  |  | — |  |  | — |  |  | (600) |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (600) |
Dividends to noncontrolling interests | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (11) |  |  | (11) |
Stock-based compensation | — |  |  | — |  |  | 55 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 55 |
Other employee stock plan activities | — |  |  | — |  |  | (30) |  |  | (13) |  |  | 57 |  |  | 366 |  |  | — |  |  | — |  |  | 14 |
Balance as of March 31, 2024 | $ | 131 |  |  | 130,741 |  |  | $ | 1,270 |  |  | $ | 34 |  |  | $ | (1,189) |  |  | (6,555) |  |  | $ | (155) |  |  | $ | 164 |  |  | $ | 255 |
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, 2022 | $ | (459) |  |  | $ | 107 |  |  | $ | (150) |  |  | $ | (502) |
Other comprehensive (loss) income before reclassifications | 9 |  |  | (3) |  |  | — |  |  | 6 |
Amounts reclassified from Accumulated other comprehensive net (loss) income | — |  |  | (4) |  |  | 1 |  |  | (3) |
Income tax benefit (expense) | 1 |  |  | — |  |  | — |  |  | 1 |
Net current period other comprehensive (loss) income | 10 |  |  | (7) |  |  | 1 |  |  | 4 |
Balance as of March 31, 2023 | $ | (449) |  |  | $ | 100 |  |  | $ | (149) |  |  | $ | (498) |
Balance as of December 31, 2023 | $ | (439) |  |  | $ | 90 |  |  | $ | (10) |  |  | $ | (359) |
Other comprehensive (loss) income before reclassifications | (16) |  |  | 2 |  |  | — |  |  | (14) |
Amounts reclassified from Accumulated other comprehensive net (loss) income (1) | 223 |  |  | (2) |  |  | — |  |  | 221 |
Income tax benefit (expense), and other | (1) |  |  | (1) |  |  | (1) |  |  | (3) |
Net current period other comprehensive (loss) income | 206 |  |  | (1) |  |  | (1) |  |  | 204 |
Balance as of March 31, 2024 | $ | (233) |  |  | $ | 89 |  |  | $ | (11) |  |  | $ | (155) |
| 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, 2022 | $ | (448) |  |  | $ | 121 |  |  | $ | (152) |  |  | $ | (479) |
Other comprehensive (loss) income before reclassifications | (2) |  |  | (5) |  |  | — |  |  | (7) |
Amounts reclassified from Accumulated other comprehensive net (loss) income | — |  |  | (18) |  |  | 4 |  |  | (14) |
Income tax benefit (expense) | 1 |  |  | 2 |  |  | (1) |  |  | 2 |
Net current period other comprehensive (loss) income | (1) |  |  | (21) |  |  | 3 |  |  | (19) |
Balance as of March 31, 2023 | $ | (449) |  |  | $ | 100 |  |  | $ | (149) |  |  | $ | (498) |
Balance as of June 30, 2023 | $ | (445) |  |  | $ | 99 |  |  | $ | (147) |  |  | $ | (493) |
Other comprehensive (loss) income before reclassifications | (10) |  |  | (4) |  |  | 4 |  |  | (10) |
Amounts reclassified from Accumulated other comprehensive net (loss) income (1) (2) | 223 |  |  | (6) |  |  | 175 |  |  | 392 |
Income tax benefit (expense), and other | (1) |  |  | — |  |  | (43) |  |  | (44) |
Net current period other comprehensive (loss) income | 212 |  |  | (10) |  |  | 136 |  |  | 338 |
Balance as of March 31, 2024 | $ | (233) |  |  | $ | 89 |  |  | $ | (11) |  |  | $ | (155) |
(1)Includes the release of currency translation adjustment from the Argentina business divestiture. See Note 2 for additional details. (2)Includes recognition of pension settlement charge reclassified into Net earnings (losses). See Note 14 for additional details.

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