Company: CLX
Filing Date: 2025-10-07
Form Type: DEF 14A
Source: 0001552781-25-000311
Chunk: 98

Company: CLOROX CO /DE/
Filing Date: 2025-10-07
Form: DEF 14A
Chunk 98
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 amendments are effective for fiscal years beginning after December 15, 2022, except for the amendment on rollforward information, which is effective for fiscal years beginning after December 15, 2023. The Company adopted the standard as of July 1, 2023, except for the rollforward information, which the Company adopted for the fiscal year ending June 30, 2025. The adoption relates to disclosures only and does not have an impact on the consolidated financial statements, results of operations, or cash flows.

NOTE 2. DIVESTITURES Divestiture of Better Health Vitamins, Minerals and Supplements (VMS) Business On September 10, 2024, the Company completed the divestiture of its Better Health VMS business in its entirety to an affiliate of Piping Rock Health Products, LLC. The divested business includes the Natural Vitality, NeoCell, Rainbow Light and RenewLife brands, relevant trademarks and licenses, and associated manufacturing and distribution facilities in Sunrise, Florida. The transaction reflects the Company’s commitment to continue evolving its portfolio to reduce volatility and accelerate sales growth, as well as structurally improve its margin, in service of driving more consistent and profitable growth over time. The transaction was executed pursuant to a purchase agreement. As a result of the transaction, the Company recorded an after tax loss of $118 during fiscal year 2025. The major classes of assets and liabilities of the Better Health VMS business divested as of September 10, 2024 were as follows:

|                          | Divestiture |
| Working                  
 capital                  |      $   41 |
| Property,                
 plant and equipment, net |          59 |
| Trademarks,              
 net                      |          37 |
| Other                    
 intangible assets, net   |          58 |
| Other                    
 assets(1)                |          45 |
| Other                    
 liabilities              |          -1 |
| Net                      
 assets divested          |           $ 
         239 |

| (1) | Includes                        
 net deferred tax assets of $45. |

The following table presents net sales of the Better Health VMS business, which includes the financial results up to September 10, 2024, the date of sale, for fiscal years ended June 30 :

|       | 2025 | 2024 | 2023 |
| Net   
 sales |    $ 
   38 |    $ 
  221 |    $ 
  240 |

Divestiture of Argentina Business On