Company: CLX
Filing Date: 2025-02-03
Form Type: 10-Q
Source: 0000021076-25-000013
Chunk: 11

Company: CLOROX CO /DE/
Filing Date: 2025-02-03
Form: 10-Q
Item: Part I, Item 1
Chunk 11
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 the Company’s derivative instruments: 12/31/20246/30/2024Balance sheetclassificationFair valuehierarchylevelCarryingAmountEstimatedFairValueCarryingAmountEstimatedFairValueAssetsCommodity purchase swaps contractsPrepaid expenses and other current assets2$— $— $1 $1 Foreign exchange forward contractsPrepaid expenses and other current assets22 2 — —  $2 $2 $1 $1 LiabilitiesCommodity purchase futures contractsAccounts payable and accrued liabilities1$2 $2 $2 $2 Commodity purchase swaps contractsAccounts payable and accrued liabilities21 1 — — $3 $3 $2 $2 The following table provides information about the balance sheet classification and the fair values of the Company’s other assets and liabilities for which disclosure of fair value is required: 12/31/20246/30/2024Balance sheetclassificationFair valuehierarchylevelCarryingAmountEstimatedFairValueCarryingAmountEstimatedFairValueAssetsInterest-bearing investments, including money market fundsCash and cashequivalents (1)1$158 $158 $95 $95 Time depositsCash and cashequivalents (1)28 8 9 9 Trust assets for nonqualified deferred compensation plansOther assets1170 170 154 154  $336 $336 $258 $258 LiabilitiesNotes and loans payableNotes and loans payable (2)2$189 $189 $4 $4 Long-term debtLong-term debt (3)22,483 2,373 2,481 2,341 $2,672 $2,562 $2,485 $2,345 (1)Cash and cash equivalents are composed of time deposits and other interest-bearing investments, including money market funds with original maturity dates of 90 days or less. Cash and cash equivalents are recorded at cost, which approximates fair value.(2)Notes and loans payable are composed of outstanding U.S. commercial paper balances and/or amounts drawn on the Company’s credit agreements, all of which are recorded at cost, which approximates fair value. The weighted average effective interest rate on Notes and loan payable balances as of December 31, 2024 and June 30, 2024 were 4.67% and 5.60%, respectively. (3)Long-term debt is