Company: CLX
Filing Date: 2025-06-26
Form Type: 11-K
Source: 0001206774-25-000433
Chunk: 8

Company: CLOROX CO /DE/
Filing Date: 2025-06-26
Form: 11-K
Chunk 8
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 statements were available to be
issued.

Investment Valuation and Income Recognition

The Plan’s investments are stated at fair
value. Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction
between market participants at the measurement date. See Note 5 for further discussion of fair value measurements.

Purchases and sales of securities are recognized
on a trade-date basis. Interest income is recorded on the accrual basis. Dividends are recorded on the ex-dividend date. The net appreciation
in fair value of investments consists of both the realized gains and losses and unrealized appreciation and depreciation of those investments.

Benefit Payments to Participants

Benefit payments to participants are recognized
upon payment.

Use of Estimates

The preparation of financial statements in conformity
with U.S. GAAP requires the Plan’s management to make estimates that affect the amounts reported in the financial statements and
accompanying footnotes. Actual results could differ from those estimates.

9

Notes Receivable from Participants

Notes receivable from participants are measured
at their unpaid principal balance plus any accrued but unpaid interest. Interest income is recorded on the accrual basis. Delinquent participant
loans are reclassified as distributions based upon the terms of the Plan Document.

Risk and Uncertainties

The Plan provides for various investment options
in common stock, mutual funds, common collective trust funds and a money market fund. Investment securities, in general, are exposed to
various risks, such as interest rate, credit, and overall market volatility risk. Due to the level of risk associated with certain investment
securities, it is reasonably possible that changes in the values of investment securities could occur in the near term and that such changes
could materially affect the amounts reported in the statements of net assets available for benefits, the statement of changes in net assets
available for benefits and participant account balances.

3. Party-in-Interest Transactions

Certain Plan assets are in investment funds managed
by the custodian of the Plan’s assets; therefore, these transactions qualify as party-in-interest transactions under the provisions
of ERISA for which a statutory exemption exists.

In addition, a portion of the Plan's assets are
participant directed investments in The Clorox Company common stock. As the Companies are subsidiaries of The Clorox Company, the Plan
transactions involving The Clorox Company common stock qualify as party-in-interest transactions. During the Plan year ended December
31, 2024, the Plan