Company: CLX
Filing Date: 2025-02-03
Form Type: 10-Q
Source: 0000021076-25-000013
Chunk: 73

Company: CLOROX CO /DE/
Filing Date: 2025-02-03
Form: 10-Q
Item: Part I, Item 8
Chunk 73
---
 See Note 13 for additional details related to the pension settlement.(3)Represents insurance recoveries of $25 and $35 in the three and six months ended December 31, 2024, respectively, and incurred incremental expenses of approximately $25 and $49 in the three and six months ended December 31, 2023, respectively, as a result of the cyberattack. See Note 3 for additional details related to the August 2023 cyberattack. For informational purposes, the following table provides the approximate cyberattack costs and insurance recoveries corresponding to the Company’s reportable segments as a percentage of the total:Three months endedSix months ended12/31/202412/31/202312/31/202412/31/2023Health and Wellness— %9 %— %15 %Household— 11 — 11 Lifestyle— 12 — 13 International— 7 — 4 Corporate and Other100 61 100 57 Total100 %100 %100 %100 %(4)Represents restructuring and related implementation costs, net for the streamlined operating model of $3 for both the three and six months ended December 31, 2023, corresponding to Corporate and Other.(5)Represents expenses related to the Company’s digital capabilities and productivity enhancements investment corresponding to Corporate and Other.

19

NOTE 15. SEGMENT RESULTS (Continued)

All intersegment sales are eliminated and are not included in the Company’s reportable segments’ net sales.Net sales to the Company’s largest customer, Walmart Inc. and its affiliates, as a percentage of consolidated net sales, were 26% for both the three and six months ended December 31, 2024, and 23% and 25% for the three and six months ended December 31, 2023, respectively.The following table provides Net sales as a percentage of the Company’s consolidated net sales, disaggregated by operating segment, for the periods indicated:Net salesThree months endedSix months ended12/31/202412/31/202312/31/202412/31/2023Cleaning32 %31 %33 %31 %Professional Products5 5 5 5 Health and Wellness37 %36 %38 %36 %Bags and Wraps12 12 12 11 Cat Litter10 9 9 9 Grilling5 4 5