Company: CLX
Filing Date: 2025-05-05
Form Type: 10-Q
Source: 0000021076-25-000023
Chunk: 69

Company: CLOROX CO /DE/
Filing Date: 2025-05-05
Form: 10-Q
Item: Part I, Item 8
Chunk 69
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 legal entity reorganization both in the prior period, and the nondeductibility of the loss on the divestiture of the Better Health VMS business in the current period.Income taxes paid, net of refunds, were $208 and $314 for the nine months ended March 31, 2025 and 2024, respectively. The lower tax payments in the current nine-month period were primarily driven by payments of fiscal year 2023 income taxes in fiscal year 2024, that were previously deferred as a result of the relief provided by the IRS announced in January 2023 due to winter storms in California.

NOTE 12. NET EARNINGS (LOSSES) 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 endedNine months ended3/31/20253/31/20243/31/20253/31/2024Basic123,367124,249123,643124,133Dilutive effect of stock options and other699—825588Diluted124,066124,249124,468124,721Antidilutive stock options and other1,5754,758 1,575 2,720 Basic net earnings per share and Diluted net earnings (losses) per share are calculated on Net earnings attributable to Clorox.Since the Company generated net losses attributable to Clorox for the three months ended March 31, 2024, there was no dilutive effect of stock options and other instruments during this period because their impacts would be antidilutive.

NOTE 13. COMPREHENSIVE INCOME 

The following table provides a summary of Comprehensive income for the periods indicated:Three months endedNine months ended3/31/20253/31/20243/31/20253/31/2024Net earnings (losses)$191 $(50)$488 $71 Other comprehensive income (loss), net of tax:Foreign currency translation adjustments7 206 (13)212 Net unrealized gains (losses) on derivatives(2)(1)(7)(10)Pension and postretirement benefit adjustments— (1)(1)136 Total other comprehensive (loss) income, net of tax5 204 (21)338 Comprehensive income196 154 467 409 Less: Total comprehensive income attributable to noncontrolling interests5 1