Company: CLX
Filing Date: 2025-10-07
Form Type: DEF 14A
Source: 0001552781-25-000311
Chunk: 80

Company: CLOROX CO /DE/
Filing Date: 2025-10-07
Form: DEF 14A
Chunk 80
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 rate excluding the identified U.S. GAAP items), and less after tax profit attributable to noncontrolling interests, and less a capital charge (calculated as average capital employed multiplied by a cost of capital rate). EP is a key financial metric that the Company’s management uses to evaluate business performance and allocate resources, and is a component in determining employee incentive compensation. The Company’s management believes EP provides additional perspective to investors about financial returns generated by the business and represents profit generated over and above the cost of capital used by the business to generate that profit. Refer to Appendix B for a reconciliation of EP to earnings before income taxes. Organic sales growth/(decrease)is defined as net sales growth/(decrease) excluding the effect of foreign exchange rate changes and any acquisitions or divestitures. Management believes that the presentation of organic sales growth/ (decrease) is useful to investors because it excludes sales from any acquisitions or divestitures, which results in a comparison of sales only from the businesses that the Company was operating and expects to continue to operate throughout the relevant periods, and the Company’s estimate of the impact of foreign exchange rate changes, which are difficult to predict, and out of the control of the Company and management.

The following table provides a reconciliation of organic sales growth/(decrease) (non-GAAP) to net sales growth/(decrease) (GAAP), the most comparable GAAP measure:

|                                            | Year Ended June 30, 2025   
 Percentage change          
 versus the year-ago period |           |           |               |            |
|:-------------------------------------------|:---------------------------|:----------|:----------|--------------:|-----------:|
|                                            | Health and                 
 Wellness                   | Household | Lifestyle | International |      Total 
 Company(1) |
| Net sales growth/(decrease) (GAAP)         | 9%                         | 3%        | 2%        |          (8)% |         —% |
| Add: Foreign Exchange                      | —                          | —         | —         |             2 |          — |
| Add/(Subtract):                            
 Divestitures/Acquisitions(2)               | —                          | —         | —         |            11 |          5 |
| Organic sales growth/(decrease) (non-GAAP) | 9%                         | 3%        | 2%        |            5% |         5% |

| (1) | Total                                                                                        
 Company includes Corporate and Other. Corporate and Other