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

Company: CLOROX CO /DE/
Filing Date: 2025-11-03
Form: 10-Q
Item: Part I, Item 1
Chunk 11
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 expenses. It also modifies the U.S. taxation of certain earnings associated with international business. The Company assessed the provisions of the OBBBA and determined the corporate tax changes did not have a material impact on the effective tax rate in future periods. The OBBBA’s provisions for accelerated tax deductions will change the timing of cash tax payments in the current fiscal year and future periods.  

NOTE 8. NET EARNINGS PER SHARE (EPS)

The following is the reconciliation of the weighted average number of shares outstanding (in thousands) used to calculate basic net EPS to those used to calculate diluted net EPS:Three months ended9/30/20259/30/2024Basic122,629123,795Dilutive effect of stock options and other389882Diluted123,018124,677Antidilutive stock options and other3,3552,937 Basic net earnings per share and Diluted net earnings per share are calculated on Net earnings attributable to Clorox.

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NOTE 9. OTHER (INCOME) EXPENSE, NET

The major components of Other (income) expense, net were:Three months ended9/30/20259/30/2024Amortization of trademarks and other intangible assets$5 $6 Trust investment (gains), net(9)(9)Net periodic benefit cost 1 1 Foreign exchange transaction losses, net1 1 Income from equity investees(1)(2)Interest income(2)(3)Cyberattack insurance recoveries (1)— (9)Other— (7)Total$(5)$(22)(1)On August 14, 2023, the Company experienced a cyberattack which resulted in wide-scale disruptions to the Company’s business operations. In the three months ended September 30, 2024, the Company recorded insurance recoveries of $(10), of which $(1) was recorded in Costs of products sold and the remainder was recorded in Other (income) expense, net. Business interruption and other insurance recoveries that do not correspond directly to previously incurred expenses are recognized in Other (income) expense, net. Refer to notes to the condensed consolidated financial statements in the Company’s Annual Report on Form 10-K for the year ended June 30, 2025 for further information related to the August 2023 Cyberattack.

NOTE 10. STOCKHOLDERS’ EQUITY 

Changes in the components of Stockholders’ equity were as follows for the periods