Company: CLX
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0000021076-25-000053
Chunk: 54

Company: CLOROX CO /DE/
Filing Date: 2025-11-03
Form: 10-Q
Item: Part I, Item 8
Chunk 54
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 $2 $2 $4 $4 LiabilitiesCommodity purchase swaps contractsAccounts payable and accrued liabilities2$— $— $1 $1 Foreign exchange forward contractsAccounts payable and accrued liabilities21 1 1 1 $1 $1 $2 $2 

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NOTE 6. FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS (Continued)

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: 9/30/20256/30/2025Balance sheetclassificationFair valuehierarchylevelCarryingAmountEstimatedFairValueCarryingAmountEstimatedFairValueAssetsInterest-bearing investments, including money market fundsCash and cashequivalents (1)1$51 $51 $54 $54 Time depositsCash and cashequivalents (1)214 14 10 10 Trust assets for nonqualified deferred compensation plansOther assets1184 184 169 169  $249 $249 $233 $233 LiabilitiesNotes and loans payableNotes and loans payable (2)2$218 $218 $4 $4 Long-term debtLong-term debt (3)22,485 2,452 2,484 2,431 $2,703 $2,670 $2,488 $2,435 (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. The weighted average effective interest rate on U.S. commercial paper balances as of September 30, 2025 and June 30, 2025 was 4.31% and 4.61%, respectively.(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 7. INCOME TAXES

In determining its quarterly provision for income taxes, the Company uses an estimated annual effective tax rate, which