Company: CLX
Filing Date: 2025-02-03
Form Type: 10-Q
Source: 0000021076-25-000013
Chunk: 82

Company: CLOROX CO /DE/
Filing Date: 2025-02-03
Form: 10-Q
Item: Part I, Item 8
Chunk 82
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 benefits of cyberattack insurance recoveries and cost savings in the current period, partially offset by lower net sales in the current period. 

Diluted EPS increased by $1.42, or 154%, in the current six month period, primarily due to the pension settlement charge in the prior period and higher net sales, the benefits of cyberattack insurance recoveries and cost savings in the current period, partially offset by the loss relating to the divestiture of the Better Health VMS business and higher advertising investments in the current period.

25

SEGMENT RESULTS 

The following presents the results of the Company’s reportable segments and Corporate and Other. See Notes to Condensed Consolidated Financial Statements for further discussion of the principal measure of segment profitability used by management, segment adjusted earnings before interest and income taxes (segment adjusted EBIT): 

Net salesThree months endedSix months ended12/31/202412/31/202312/31/202412/31/2023Health and Wellness$628 $720 $1,326 $1,224 Household446 502 893 827 Lifestyle338 403 658 632 International274 311 533 581 Reportable segment total1,686 1,936 3,410 3,264 Corporate and Other— 54 38 112 Total$1,686 $1,990 $3,448 $3,376 

Segment adjusted EBIT (1)Three months endedSix months ended12/31/202412/31/202312/31/202412/31/2023Health and Wellness$193 $259 $428 $363 Household489210888Lifestyle70109136128International21325666Reportable segment total332492728645Corporate and Other(74)(106)(138)(168)Total$258 $386 $590 $477 Interest income27517Interest expense(22)(26)(43)(47)Loss on divestiture——(118)—Pension settlement charge—(171)—(171)Cyberattack costs, net of insurance recoveries25(25)35(49)Streamlined operating model —(3)—(3)Digital capabilities and productivity enhancements investment(26)(32)(55)(59)Earnings before income taxes$237 $136 $414 $165 

(1)See “Non-GAAP Financial Measures” below for reconciliation of segment adjusted EBIT