Company: CLX
Filing Date: 2025-02-03
Form Type: 10-Q
Source: 0000021076-25-000013
Chunk: 62

Company: CLOROX CO /DE/
Filing Date: 2025-02-03
Form: 10-Q
Item: Part I, Item 8
Chunk 62
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.Level 3: Unobservable inputs reflecting the reporting entity’s own assumptions.As of both December 31, 2024 and June 30, 2024, the Company’s financial assets and liabilities that were measured at fair value on a recurring basis during the period included derivative financial instruments, which were classified as either Level 1 or Level 2, and trust assets to fund the Company’s nonqualified deferred compensation plans, which were classified as Level 1.

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NOTE 7. FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS (Continued)

All of the Company’s derivative instruments qualify for hedge accounting. The following table provides information about the balance sheet classification and the fair values of the Company’s derivative instruments: 12/31/20246/30/2024Balance sheetclassificationFair valuehierarchylevelCarryingAmountEstimatedFairValueCarryingAmountEstimatedFairValueAssetsCommodity purchase swaps contractsPrepaid expenses and other current assets2$— $— $1 $1 Foreign exchange forward contractsPrepaid expenses and other current assets22 2 — —  $2 $2 $1 $1 LiabilitiesCommodity purchase futures contractsAccounts payable and accrued liabilities1$2 $2 $2 $2 Commodity purchase swaps contractsAccounts payable and accrued liabilities21 1 — — $3 $3 $2 $2 The following table provides information about the balance sheet classification and the fair values of the Company’s other assets and liabilities for which disclosure of fair value is required: 12/31/20246/30/2024Balance sheetclassificationFair valuehierarchylevelCarryingAmountEstimatedFairValueCarryingAmountEstimatedFairValueAssetsInterest-bearing investments, including money market fundsCash and cashequivalents (1)1$158 $158 $95 $95 Time depositsCash and cashequivalents (1)28 8 9 9 Trust assets for nonqualified deferred compensation plansOther assets1170 170 154 154  $336 $336 $258 $258 LiabilitiesNotes and loans payableNotes and loans payable (2)2$189 $189 $4 $4 Long-term debtLong-term debt (3)22,483 2,373 2,481 2,341 $2,672 $2,562 $2,485