Company: CLX
Filing Date: 2025-06-26
Form Type: 11-K
Source: 0001206774-25-000433
Chunk: 10

Company: CLOROX CO /DE/
Filing Date: 2025-06-26
Form: 11-K
Chunk 10
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 at year-end.

Company’s common stock:
Valued at the last reported sales price on the last business day of the Plan year.

Common collective trust funds:Valued
using the market approach at a net asset value per share (“NAV” as a practical expedient) determined by the portfolio’s
sponsor based on the fair value of underlying investments held by the fund on the last business day of the Plan year. These are not classified
in the fair value hierarchy table. The fair values are included in the table to allow reconciliation of the fair value hierarchy to the
fair value of investments per the statements of net assets available for benefits.

The stable value common collective trust fund
measured at net asset value may impose, in its sole discretion, a prior notice period of up to 12 months for any plan initiated withdrawal
of assets. Certain funds may also require that within 90 days from withdrawal, money from the funds cannot be invested directly into a
competing fund. Certain funds retain the right to reject transactions where market timing activity is detected. Rejection can occur within
90 days, or for multiple infractions, rejection can be temporary or permanent. Generally, completing two ‘round trips’ within
60 days is considered market timing. A round trip consists of purchase or exchange if followed by or preceded by redemption or exchange
out. Others retain discretion to limit the

11

maximum withdrawal as of any date to the greater
of $2,000,000 or 5% of the value of the investment.

The methods described above may produce a fair
value calculation that may not be indicative of net realizable value or reflective of future fair values. Furthermore, while the Plan
believes its valuation methods are appropriate and consistent with other market participants, the use of different methodologies or assumptions
to determine the fair value of certain financial instruments could result in a different fair value measurement at the reporting date.

The following table sets forth by level, within
the fair value hierarchy, the Plan’s assets at fair value as of December 31, 2024 and 2023:

|                                          |     | Assets                                
 at Fair Value as of December 31, 2024 |            |     |       |   |     |       |            |
|:-----------------------------------------|:----|:--------------------------------------|-----------:|:----|:------|:--|:----|:------|-----------:|
|                                          |     | Level                                 
 I                                     |            |     | Level 
 II    |   |