Company: CLX
Filing Date: 2025-10-07
Form Type: DEF 14A
Source: 0001552781-25-000311
Chunk: 112

Company: CLOROX CO /DE/
Filing Date: 2025-10-07
Form: DEF 14A
Chunk 112
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| (3) | Insurance recoveries related to the August 2023 cyberattack (see Note 3).                                  |

NOTE 19. INCOME TAXES The provision for income taxes, by tax jurisdiction, consisted of the following for the fiscal years ended June 30:

|          |   2025 |   2024 |     2023 |
| Current  |        |        |          |
| Federal  |  $ 165 |  $ 132 |  $   153 |
| State    |     39 |     18 |       33 |
| Foreign  |     68 |     56 |       40 |
| Total    
 current  |  $ 272 |  $ 206 |  $   226 |
| Deferred |        |        |          |
| Federal  | $ (17) | $ (99) |  $ (120) |
| State    |     -2 |     -5 |      -28 |
| Foreign  |      1 |      4 |       -1 |
| Total    
 deferred |    -18 |   -100 |     -149 |
| Total    |  $ 254 |  $ 106 | $     77 |

Income taxes paid, net of refunds, were $264, $347, and $73 for the fiscal year ended June 30, 2025, 2024, and 2023, respectively. The higher tax payments in fiscal year 2024 and lower tax payments in fiscal year 2023 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.

The components of Earnings before income taxes, by tax jurisdiction, consisted of the following for the fiscal years ended June 30:

| 2025    |       | 2024 | 2023 |
| United  
 States  |     $ 
   886 |    $ 
  311 |    $ 
  154 |
| Foreign |   192 |   87 |   84 |
| Total   |     $ 
 1,078 |    $ 
  398 |    $ 
  238 |

A reconciliation of the statutory federal income tax rate to the Company’s effective tax rate on operations follows for the fiscal years ended June 30:

|                                     |  2025 |  202