CLOROX CO /DE/CLX
CLOROX CO /DE/ Segments Disclosure
SEGMENT REPORTING
The Company operates through strategic business units (SBUs) that are organized into the Company’s operating segments. Operating segments with shared economic and qualitative characteristics are aggregated into four reportable segments: Health and Wellness, Household, Lifestyle and International. Operating segments not aggregated into a reportable segment are reflected in Corporate and Other. The four reportable segments consist of the following:
•Health and Wellness consists of cleaning, disinfecting and professional products marketed and sold in the United States.
•Household consists of bags and wraps, cat litter and grilling products marketed and sold in the United States.
•Lifestyle consists of food, water-filtration and natural personal care products marketed and sold in the United States.
•International consists of products sold outside the United States. Products within this segment include laundry additives and home care products primarily marketed under the Clorox, Poett, Pine-Sol and Clorinda brands; bags and wraps under the Glad brand; cat litter primarily marketed under the Ever Clean and Fresh Step brands and water-filtration products marketed under the Brita brand.
Corporate and Other includes certain non-allocated administrative and other costs, various other non-operating income and expenses, as well as the results of the Better Health VMS business, through the date of divestiture. Assets in Corporate and Other include cash and cash equivalents, prepaid expenses and other current assets, property and equipment, operating lease right-of-use assets, other long-term assets and deferred taxes, as well as the assets related to the Better Health VMS business, through the date of divestiture.
The principal measure of segment profitability used by the Chief Operating Decision Maker (CODM), identified as the Company's Chair and Chief Executive Officer, is segment adjusted earnings (losses) before interest and income taxes (segment adjusted EBIT). Segment adjusted EBIT is defined as earnings (losses) before income taxes excluding interest income, interest expense and other significant items that are nonrecurring or unusual (such as the pension settlement charge, incremental costs and insurance recoveries relating to the August 2023 cyberattack, asset impairments, charges related to the streamlined operating model, charges related to the digital capabilities and productivity enhancements investment, significant losses/(gains) related to acquisitions / divestitures and other nonrecurring or unusual items impacting comparability).
The CODM uses this measure to assess the operating results and performance of its segments, monitor actual results as compared to plan, perform analytical comparisons, identify strategies to improve performance and allocate resources to each segment as it removes the impact of the items that management believes do not directly reflect the performance of each segment's underlying operations.
Net sales by segment and a reconciliation to the Company’s consolidated net sales for the fiscal years ended June 30:
| Net Sales | |||||||||||||||||
| Fiscal year | |||||||||||||||||
| 2025 | 2024 | 2023 | |||||||||||||||
| Health and Wellness | $ | 2,697 | $ | 2,485 | $ | 2,532 | |||||||||||
| Household | 2,001 | 1,950 | 2,098 | ||||||||||||||
| Lifestyle | 1,303 | 1,275 | 1,338 | ||||||||||||||
| International | 1,065 | 1,162 | 1,181 | ||||||||||||||
| Reportable segment total | 7,066 | 6,872 | 7,149 | ||||||||||||||
| Corporate and Other | 38 | 221 | 240 | ||||||||||||||
| Total | $ | 7,104 | $ | 7,093 | $ | 7,389 | |||||||||||
Segment adjusted EBIT, including the significant segment expense provided to the CODM, and a reconciliation to earnings (losses) before income taxes for the fiscal years ended June 30:
| Segment adjusted earnings (losses) before interest and income taxes | |||||||||||||||||||||||||||||
Fiscal year 2025 | |||||||||||||||||||||||||||||
Health and Wellness | Household | Lifestyle | International | Total | |||||||||||||||||||||||||
Net sales | $ | 2,697 | $ | 2,001 | $ | 1,303 | $ | 1,065 | |||||||||||||||||||||
Cost of products sold | 1,273 | 1,277 | 648 | 668 | |||||||||||||||||||||||||
Other segment items (1) | 584 | 399 | 365 | 287 | |||||||||||||||||||||||||
Segment adjusted EBIT | $ | 840 | $ | 325 | $ | 290 | $ | 110 | $ | 1,565 | |||||||||||||||||||
Corporate and Other | (249) | ||||||||||||||||||||||||||||
| Interest income | 9 | ||||||||||||||||||||||||||||
| Interest expense | (88) | ||||||||||||||||||||||||||||
Loss on divestiture (2) | (118) | ||||||||||||||||||||||||||||
Cyberattack costs, net of insurance recoveries (3) | 70 | ||||||||||||||||||||||||||||
Digital capabilities and productivity enhancements investment (4) | (111) | ||||||||||||||||||||||||||||
| Earnings (losses) before income taxes | $ | 1,078 | |||||||||||||||||||||||||||
(1)Other segment items includes selling, general and administrative expenses, advertising costs, research and development costs and other income and expenses. The charges defined in segment adjusted EBIT above are excluded from other segment items and Corporate and Other.
(2)Represents the loss on divestiture of the Better Health VMS business corresponding to Corporate and Other. See Note 2 for further discussion.
(3)Represents insurance recoveries related to the cyberattack corresponding to Corporate and Other. See Note 3 for further discussion.
(4)Represents expenses related to the Company's digital capabilities and productivity enhancements investment corresponding to Corporate and Other.
| Segment adjusted earnings (losses) before interest and income taxes | |||||||||||||||||||||||||||||
Fiscal year 2024 | |||||||||||||||||||||||||||||
Health and Wellness | Household | Lifestyle | International | Total | |||||||||||||||||||||||||
Net sales | $ | 2,485 | $ | 1,950 | $ | 1,275 | $ | 1,162 | |||||||||||||||||||||
Cost of products sold | 1,211 | 1,276 | 644 | 743 | |||||||||||||||||||||||||
Other segment items (1) | 555 | 414 | 378 | 297 | |||||||||||||||||||||||||
Segment adjusted EBIT | $ | 719 | $ | 260 | $ | 253 | $ | 122 | $ | 1,354 | |||||||||||||||||||
Corporate and Other | (309) | ||||||||||||||||||||||||||||
| Interest income | 23 | ||||||||||||||||||||||||||||
| Interest expense | (90) | ||||||||||||||||||||||||||||
Loss on divestiture (2) | (240) | ||||||||||||||||||||||||||||
Pension settlement charge (3) | (171) | ||||||||||||||||||||||||||||
Cyberattack costs, net of insurance recoveries (4) | (29) | ||||||||||||||||||||||||||||
Streamlined operating model (5) | (32) | ||||||||||||||||||||||||||||
Digital capabilities and productivity enhancements investment (6) | (108) | ||||||||||||||||||||||||||||
| Earnings (losses) before income taxes | $ | 398 | |||||||||||||||||||||||||||
(1)Other segment items includes selling, general and administrative expenses, advertising costs, research and development costs and other income and expenses. The charges defined in segment adjusted EBIT above are excluded from other segment items and Corporate and Other.
(2)Represents the loss on divestiture of the Argentina business corresponding to International. See Note 2 for further discussion.
(3)Represents costs related to the settlement of the domestic qualified pension plan corresponding to Corporate and Other. See Note 20 for further discussion.
(4)Represents incremental costs, net of insurance recoveries related to the cyberattack. All insurance recoveries are recorded in Corporate and Other. See Note 3 for additional details relating to the cyberattack. For informational purposes, the following table provides the approximate cyberattack costs, net of insurance recoveries, corresponding to the Company’s segments as a percentage of total net costs:
| 2024 | |||||
| Health and Wellness | 30 | % | |||
| Household | 24 | ||||
| Lifestyle | 23 | ||||
| International | 8 | ||||
| Corporate and Other | 15 | ||||
| Total | 100 | % | |||
(5)Represents restructuring and related implementation costs, net for the streamlined operating model. For informational purposes the following table provides the approximate restructuring and related implementation costs, net corresponding to the Company's segments as a percent of the total costs:
Inception to date ended | |||||||||||
| 2024 | 2024 | ||||||||||
| Health and Wellness | 3 | % | 5 | % | |||||||
| Household | 2 | 2 | |||||||||
| Lifestyle | — | 2 | |||||||||
| International | 4 | 11 | |||||||||
| Corporate and Other | 91 | 80 | |||||||||
| Total | 100 | % | 100 | % | |||||||
(6)Represents expenses related to the Company's digital capabilities and productivity enhancements investment corresponding to Corporate and Other.
| Segment adjusted earnings (losses) before interest and income taxes | |||||||||||||||||||||||||||||
Fiscal year 2023 | |||||||||||||||||||||||||||||
Health and Wellness | Household | Lifestyle | International | Total | |||||||||||||||||||||||||
Net sales | $ | 2,532 | $ | 2,098 | $ | 1,338 | $ | 1,181 | |||||||||||||||||||||
Cost of products sold | 1,386 | 1,427 | 692 | 792 | |||||||||||||||||||||||||
Other segment items (1) | 552 | 363 | 362 | 300 | |||||||||||||||||||||||||
Segment adjusted EBIT | $ | 594 | $ | 308 | $ | 284 | $ | 89 | $ | 1,275 | |||||||||||||||||||
Corporate and Other | (358) | ||||||||||||||||||||||||||||
| Interest income | 16 | ||||||||||||||||||||||||||||
| Interest expense | (90) | ||||||||||||||||||||||||||||
VMS impairment (2) | (445) | ||||||||||||||||||||||||||||
Streamlined operating model (3) | (60) | ||||||||||||||||||||||||||||
Digital capabilities and productivity enhancements investment (4) | (100) | ||||||||||||||||||||||||||||
| Earnings (losses) before income taxes | $ | 238 | |||||||||||||||||||||||||||
(1)Other segment items includes selling, general and administrative expenses, advertising costs, research and development costs and other income and expenses. The charges defined in segment adjusted EBIT above are excluded from other segment items and Corporate and Other.
(2)Represents a non-cash impairment charge related to the VMS business. See Note 7 for further discussion.
(3)Represents restructuring and related implementation costs, net for the streamlined operating model. For informational purposes the following table provides the approximate restructuring and related implementation costs, net corresponding to the Company's segments as a percent of the total costs:
| 2023 | |||||||||||
| Health and Wellness | 6 | % | |||||||||
| Household | 1 | ||||||||||
| Lifestyle | 4 | ||||||||||
| International | 16 | ||||||||||
| Corporate and Other | 73 | ||||||||||
| Total | 100 | % | |||||||||
(4)Represents expenses related to the Company's digital capabilities and productivity enhancements investment corresponding to Corporate and Other.
Certain other segment disclosures were as follows:
| Fiscal Year | Health and Wellness | Household | Lifestyle | International | Corporate and Other | Total Company | |||||||||||||||||||||||||||||||||||
(Income) Loss from equity investees included in Other (income) expense, net | 2025 | — | — | — | (4) | — | (4) | ||||||||||||||||||||||||||||||||||
| 2024 | — | — | — | (5) | — | (5) | |||||||||||||||||||||||||||||||||||
| 2023 | — | — | — | (4) | — | (4) | |||||||||||||||||||||||||||||||||||
| Total assets | 2025 | 1,217 | 1,091 | 1,103 | 1,329 | 821 | 5,561 | ||||||||||||||||||||||||||||||||||
| 2024 | 1,124 | 1,088 | 1,110 | 1,327 | 1,102 | 5,751 | |||||||||||||||||||||||||||||||||||
| Capital expenditures | 2025 | 66 | 78 | 37 | 26 | 13 | 220 | ||||||||||||||||||||||||||||||||||
| 2024 | 47 | 84 | 36 | 21 | 24 | 212 | |||||||||||||||||||||||||||||||||||
| 2023 | 51 | 97 | 29 | 24 | 27 | 228 | |||||||||||||||||||||||||||||||||||
| Depreciation and amortization | 2025 | 58 | 81 | 25 | 42 | 13 | 219 | ||||||||||||||||||||||||||||||||||
| 2024 | 58 | 77 | 24 | 45 | 31 | 235 | |||||||||||||||||||||||||||||||||||
| 2023 | 59 | 78 | 25 | 46 | 28 | 236 | |||||||||||||||||||||||||||||||||||
| Significant noncash charges included in earnings (losses) before interest and income taxes: | |||||||||||||||||||||||||||||||||||||||||
| Stock-based compensation | 2025 | 16 | 12 | 8 | 6 | 39 | 81 | ||||||||||||||||||||||||||||||||||
| 2024 | 14 | 11 | 8 | 6 | 35 | 74 | |||||||||||||||||||||||||||||||||||
| 2023 | 14 | 10 | 7 | 4 | 38 | 73 | |||||||||||||||||||||||||||||||||||
All intersegment sales are eliminated and are not included in the Company’s reportable net sales.
Net sales to the Company’s largest customer, Walmart Stores, Inc. and its affiliates, were 27%, 25% and 26% of consolidated net sales for each of the fiscal years ended June 30, 2025, 2024 and 2023, respectively, and occurred across all of the Company’s reportable segments. No other customers accounted for 10% or more of the Company’s consolidated net sales in any of these fiscal years.
The following table provides Net sales as a percentage of the Company’s consolidated net sales, disaggregated by operating segment, for the fiscal years ended June 30:
| 2025 | 2024 | 2023 | ||||||||||||||||||
| Cleaning | 33 | % | 30 | % | 30 | % | ||||||||||||||
| Professional Products | 5 | % | 5 | % | 5 | % | ||||||||||||||
| Health and Wellness | 38 | % | 35 | % | 35 | % | ||||||||||||||
| Bags and Wraps | 11 | % | 11 | % | 12 | % | ||||||||||||||
| Cat Litter | 9 | % | 9 | % | 9 | % | ||||||||||||||
| Grilling | 8 | % | 8 | % | 7 | % | ||||||||||||||
| Household | 28 | % | 28 | % | 28 | % | ||||||||||||||
| Food | 11 | % | 11 | % | 10 | % | ||||||||||||||
| Water Filtration | 4 | % | 4 | % | 4 | % | ||||||||||||||
| Natural Personal Care | 3 | % | 3 | % | 4 | % | ||||||||||||||
| Lifestyle | 18 | % | 18 | % | 18 | % | ||||||||||||||
| International | 15 | % | 16 | % | 16 | % | ||||||||||||||
| Corporate and Other | 1 | % | 3 | % | 3 | % | ||||||||||||||
| Total | 100 | % | 100 | % | 100 | % | ||||||||||||||
The Company’s products are marketed and sold globally. The following table provides the Company’s global product lines, which were sold in the U.S. and International, that accounted for 10% or more of consolidated net sales for the fiscal years ended June 30:
| 2025 | 2024 | 2023 | |||||||||||||||
| Cleaning products | 44 | % | 43 | % | 42 | % | |||||||||||
| Bags and wraps | 15 | % | 15 | % | 16 | % | |||||||||||
| Food products | 12 | % | 11 | % | 11 | % | |||||||||||
| Cat litter products | 10 | % | 10 | % | 10 | % | |||||||||||
Net sales and property, plant and equipment, net, by geographic area for and as of the fiscal years ended June 30 were as follows:
| Fiscal Year | United States | Foreign | Total Company | ||||||||||||||||||||
| Net sales | 2025 | $ | 6,080 | $ | 1,024 | $ | 7,104 | ||||||||||||||||
| 2024 | 5,956 | 1,137 | 7,093 | ||||||||||||||||||||
| 2023 | 6,237 | 1,152 | 7,389 | ||||||||||||||||||||
| Property, plant and equipment, net | 2025 | 1,132 | 135 | 1,267 | |||||||||||||||||||
| 2024 | 1,188 | 127 | 1,315 | ||||||||||||||||||||
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Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Aug 8, 2025 | Showing above |
| 2024 | Aug 8, 2024 | |
| 2023 | Aug 10, 2023 | |
| 2022 | Aug 10, 2022 | |
| 2021 | Aug 10, 2021 | |
| 2020 | Aug 13, 2020 | |
| 2019 | Aug 14, 2019 | |
| 2018 | Aug 14, 2018 | |
| 2017 | Aug 15, 2017 | |
| 2016 | Aug 16, 2016 | |
About Segments Disclosures
Segment disclosures break a company into its reportable operating units, revealing revenue, profit, and asset allocation that consolidated financial statements obscure. Under ASC 280, segments must match how the chief operating decision maker views the business, providing a window into internal management structure and resource allocation priorities.
Key signals: compare segment margins to identify which units drive profitability and which destroy value. Watch for changes in the number of reportable segments — segment aggregation or disaggregation often coincides with strategic shifts or attempts to obscure declining performance. Intersegment elimination patterns reveal internal pricing practices. The reconciliation between segment totals and consolidated figures exposes corporate overhead allocation and unallocated items. Geographic revenue concentration highlights regulatory and currency exposure. Compare segment-level capital expenditure against segment revenue to assess where management is investing for future growth versus harvesting existing assets.