Company: CLX
Filing Date: 2025-05-05
Form Type: 10-Q
Source: 0000021076-25-000023
Chunk: 13

Company: CLOROX CO /DE/
Filing Date: 2025-05-05
Form: 10-Q
Item: Part I, Item 1
Chunk 13
---
 market fundsCash and cashequivalents (1)1$99 $99 $95 $95 Time depositsCash and cashequivalents (1)214 14 9 9 Trust assets for nonqualified deferred compensation plansOther assets1157 157 154 154  $270 $270 $258 $258 LiabilitiesNotes and loans payableNotes and loans payable (2)2$54 $54 $4 $4 Long-term debtLong-term debt (3)22,483 2,407 2,481 2,341 $2,537 $2,461 $2,485 $2,345 (1)Cash and cash equivalents are composed of time deposits and other interest-bearing investments, including money market funds with original maturity dates of 90 days or less. Cash and cash equivalents are recorded at cost, which approximates fair value.(2)Notes and loans payable are composed of outstanding U.S. commercial paper balances and/or amounts drawn on the Company’s credit agreements, all of which are recorded at cost, which approximates fair value. (3)Long-term debt is recorded at cost. The fair value of Long-term debt was determined using secondary market prices quoted by corporate bond dealers, and is classified as Level 2.

NOTE 10. OTHER (INCOME) EXPENSE, NET

The major components of Other (income) expense, net were:Three months endedNine months ended3/31/20253/31/20243/31/20253/31/2024Amortization of trademarks and other intangible assets$5 $7 $16 $22 Trust investment (gains) losses, net2 (8)(6)(18)Net periodic benefit cost 3 1 — 11 Foreign exchange transaction (gains) losses, net (1)(1)1 2 24 Income from equity investees— (1)(3)(3)Interest income(2)(4)(7)(21)Restructuring costs (2)— 5 — 5 Gain on sale-leaseback transaction (3)— — — (16)Cyberattack insurance recoveries (4)(33)— (65)— Other(8)(3)(16)(1)Total$(34)$(2)$(79)$3 (1)Foreign exchange losses were primarily related to the Company’s operations