Company: CLX
Filing Date: 2025-02-03
Form Type: 10-Q
Source: 0000021076-25-000013
Chunk: 69

Company: CLOROX CO /DE/
Filing Date: 2025-02-03
Form: 10-Q
Item: Part I, Item 8
Chunk 69
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 $8 Expected return on plan assets (1)(1)1 (1)(2)Amortization of unrecognized items— 1 — 3 Curtailment gain— (6)— (6)Settlement (gain) loss(4)177 (4)178 Total$(3)$176 $(2)$181 (1)The weighted average long-term expected rate of return on plan assets used in computing the fiscal year 2025 net periodic benefit cost is 5.8%.The net periodic benefit (credit) cost for the Company’s retirement health care plans was ($1) for both the three and six months ended December 31, 2024 and $0 for both the three and six months ended December 31, 2023.During both the three months ended December 31, 2024 and 2023, the Company made $2 in contributions to its domestic retirement income plans. During both the six months ended December 31, 2024 and 2023, the Company made $4 in contributions to its domestic retirement income plans.Service cost component of the net periodic benefit cost, if any, is reflected in employee benefit costs. All other components are reflected in Other (income) expense, net.

NOTE 14. OTHER CONTINGENCIES AND GUARANTEES

ContingenciesThe Company is involved in certain environmental matters, including response actions at various locations. The Company recorded liabilities totaling $28 as of both December 31, 2024 and June 30, 2024 for its share of aggregate future remediation costs related to these matters. One matter, which accounted for $12 of the recorded liability as of both December 31, 2024 and June 30, 2024, relates to environmental costs associated with one of the Company’s former operations at a site located in Alameda County, California. In November 2016, at the request of regulators and with the assistance of environmental consultants, the Company submitted a Feasibility Study that evaluated various options for managing groundwater at the site and included estimates of the related costs. Following further discussions with the regulators in 2017, the Company recorded an undiscounted liability for costs estimated to be incurred over a 30-year period, based on one of the options in the Feasibility Study related to groundwater. In September 2021, as a result of an additional study and further discussions with regulators, the Company submitted a Soil Vapor Intrusion Report to the regulators