----

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UNITED STATESSECURITIES AND EXCHANGE COMMISSIONWashington, D.C.20549

----

FORM 10-Q

**(Mark One)**
| T | QUARTERLY REPORT PURSUANT TO SECTION13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
|---|----------------------------------------------------------------------------------------|

     Forthe quarterly period ended September 30, 2003

OR
| £ | TRANSITION REPORT PURSUANT TOSECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF1934 |
|---------|----------------------------------------------------------------------------------------|

     Forthe transition period from              to              

Commission FileNumber   **1-07151**

----

**THE CLOROXCOMPANY**(Exact name of registrant asspecified in its charter)

| **Delaware** (State or other jurisdiction of incorporation or organization)    |  | **31-0595760** (I.R.S. Employer Identification No.) |
|--------------------------------------------------------------------------------|--|----------------------------------------------------------|
| **1221 Broadway Oakland, California** (Address of principal executive offices) |  | **94612-1888** (Zip code)                                |

****

**(510) 271-7000**(Registrant's telephonenumber, including area code)

                                                                                                                                                                        (Former name, former address and former fiscal year, if changedsince last report)

----

Indicate by check mark whether theregistrant (1) has filed all reports required to be filed bySection 13 or 15(d) of the Securities Exchange Act of 1934during the preceding 12 months (or for such shorter periodthat the registrant was required to file such reports), and(2) has been subject to such filing requirements for the past90 days.

           Yes       X                                        No               

Indicate by check mark whether theregistrant is an accelerated filer (as defined in Rule 12b-2 of theExchange Act.

           Yes       X                                        No                  

As of September 30, 2003 there were211,027,657 shares outstanding of the registrant's common stock(par value - $1.00), the registrant's only outstanding class ofstock.

----

| THECLOROX COMPANY |
|-------------------|
|                   |  |  |  |  |  |
|                   |  |  |  |  |  |
|                   |  |  |  |  |  |
| PARTI.            |  | FinancialInformation | PageNo. |
|                   |  |  |  |  |  |
|                   |  | Item 1. | Financial Statements(Unaudited) |  |
|                   |  |  |  |  |  |  |
|                   |  |  | Condensed ConsolidatedStatements of Earnings |  |
|                   |  |  |  | Three Months endedSeptember 30, 2003 and 2002 | 3 |
|                   |  |  |  |  |  |  |
|                   |  |  | Condensed ConsolidatedBalance Sheets |  |
|                   |  |  |  | September 30, 2003 andJune 30, 2003 | 4 |
|                   |  |  |  |  |  |  |
|                   |  |  | Condensed ConsolidatedStatements of Cash Flows |  |
|                   |  |  |  | Three Months EndedSeptember 30, 2003 and 2002 | 5 |
|                   |  |  |  |  |  |  |
|                   |  |  | Notes to CondensedConsolidated Financial Statements | 6 |
|                   |  |  |  |  |  |  |
|                   |  | Item 2. | Management'sDiscussion and Analysis of Results of |  |
|                   |  |  |  | Operations andFinancial Condition | 13 |
|                   |  |  |  |  |  |  |
|                   |  | Item 3. | Quantitative andQualitative Disclosure About Market Risk | 16 |
|                   |  |  |  |  |
|                   |  | Item 4. | Controls and Procedures | 16 |
|                   |  |  |  |  |
| PART II.          |  | Other Information |  |
|                   |  |  |  |  |
|                   |  | Item 6. | Exhibits and Reports on Form8-K | 17 |

----

PART I- FINANCIAL INFORMATION

Item 1.Financial Statements (Unaudited)

TheClorox Company

Condensed Consolidated Statements ofEarnings

(Inmillions, except share and per-share amounts)

|                                                               |                                                                                 |                                                                             | Three MonthsEnded                                                               |
|---------------------------------------------------------------|---------------------------------------------------------------------------------|-----------------------------------------------------------------------------|---------------------------------------------------------------------------------|
|                                                               |                                                                                 |                                                                             |                                                                                 |
|                                                               |                                                                                 |                                                                             | 9/30/2003                                                                       |  | 9/30/2002 |
|                                                               |                                                                                 |                                                                             |                                                                                 |  |  |
| Net sales                                                     | $1,048                                                                          |                                                                             | $1,047                                                                          |
| Cost of products sold                                         |          591                       |                                                                             |          544                       |
|                                                               |                                                                                 |                                                                             |                                                                                 |  |  |
| Gross profit                                                  |          457                       |                                                                             |          503                       |
|                                                               |                                                                                 |                                                                             |                                                                                 |  |  |
| Selling and administrativeexpenses                            |          122                       |                                                                             |          116                       |
| Advertising costs                                             |          106                       |                                                                             |          111                       |
| Research and developmentcosts                                 |            19            |                                                                             |            15            |
| Restructuring and asset impairmentcosts                       |   -                                                                        |                                                                             |              3 |
| Interest expense                                              |              6 |                                                                             |             8       |
| Other expense                                                 |              3 |                                                                             |              6 |
|                                                               |                                                                                 |                                                                             |                                                                                 |  |  |
| Earnings from continuing operationsbefore income taxes        |          201                       |                                                                             |          244                       |
| Income taxes                                                  |            71            |                                                                             |            86            |
|                                                               |                                                                                 |                                                                             |                                                                                 |  |  |
| Earnings from continuingoperations                            |          130                       |                                                                             |          158                       |
|                                                               |                                                                                 |                                                                             |                                                                                 |
| Losses from discontinued operations,net of tax benefits of $1 |                                                                                 |                                                                             |                                                                                 |
|                                                               | and $6 for the three-month periodsended September 30, 2003                      |                                                                             |                                                                                 |  |
|                                                               | and 2002, respectively                                                          |             (1) |                                                                                 |          (13) |
|                                                               |                                                                                 |                                                                             |                                                                                 |  |  |
| Net earnings                                                  | $129                                                                            |                                                                             | $145                                                                            |
|                                                               |                                                                                 |                                                                             |                                                                                 |  |  |
|                                                               |                                                                                 |                                                                             |                                                                                 |  |  |
| Net earnings (losses) per commonshare                         |                                                                                 |                                                                             |                                                                                 |
|                                                               | Basic                                                                           |                                                                             |                                                                                 |  |
|                                                               |                                                                                 | Continuing operations                                                       | $0.61                                                                           |  | $0.71 |
|                                                               |                                                                                 | Discontinued operations                                                     | (0.00)                                                                          |  | (0.06) |
|                                                               |                                                                                 |                                                                             |                                                                                 |  |  |
|                                                               |                                                                                 | Basic net earnings per commonshare                                          | $0.61                                                                           |  | $0.65 |
|                                                               |                                                                                 |                                                                             |                                                                                 |  |  |
|                                                               | Diluted                                                                         |                                                                             |                                                                                 |  |
|                                                               |                                                                                 | Continuing operations                                                       | $0.60                                                                           |  | $0.71 |
|                                                               |                                                                                 | Discontinued operations                                                     | (0.00)                                                                          |  | (0.06) |
|                                                               |                                                                                 |                                                                             |                                                                                 |  |  |
|                                                               |                                                                                 | Diluted net earnings per commonshare                                        | $0.60                                                                           |  | $0.65 |
|                                                               |                                                                                 |                                                                             |                                                                                 |  |  |
|                                                               |                                                                                 |                                                                             |                                                                                 |
| Weighted average shares outstanding(in thousands)             |                                                                                 |                                                                             |                                                                                 |
|                                                               | Basic                                                                           |  212,654                                                               |                                                                                 |  221,883 |
|                                                               | Diluted                                                                         |  214,807                                                               |                                                                                 |  224,051 |
|                                                               |                                                                                 |                                                                             |                                                                                 |  |  |
|                                                               |                                                                                 |                                                                             |                                                                                 |  |  |
| Dividends per commonshare                                     | $0.27                                                                           |                                                                             | $0.22                                                                           |
|                                                               |                                                                                 |                                                                             |                                                                                 |  |  |
|                                                               |                                                                                 |                                                                             |                                                                                 |  |  |
| See Notes to Condensed ConsolidatedFinancial Statements.      |

----

 PART I - FINANCIAL INFORMATION (Continued)

Item 1.Financial Statements (Unaudited)

TheClorox Company

Condensed Consolidated Balance Sheets

(Inmillions, except share amounts)

|                                                          |                                                           |                                                                           | 9/30/2003 |                                                    | 6/30/2003 |
|----------------------------------------------------------|-----------------------------------------------------------|---------------------------------------------------------------------------|-----------|----------------------------------------------------|-----------|
|                                                          |                                                           |                                                                           |           |                                                    |
| **Assets**                                               |                                                           |                                                                           |           |                                                    |
| Current assets                                           |                                                           |                                                                           |           |
|                                                          | Cash and cash equivalents                                 | $187                                                                      |           | $172                                               |
|                                                          | Receivables, net                                          | 379                                                                       |           | 463                                                |
|                                                          | Inventories                                               | 273                                                                       |           | 264                                                |
|                                                          | Other current assets                                      | 44                                                                        |           | 46                                                 |
|                                                          | Assets held for sale                                      | 8                                                                         |           | 6                                                  |
|                                                          |                                                           |                                                                           |           |                                                    |
|                                                          |                                                           | Total current assets                                                      | 891       |                                                    | 951       |
|                                                          |                                                           |                                                                           |           |                                                    |           |
| Property, plant and equipment,net                        | 1,066                                                     |                                                                           | 1,072     |
|                                                          |                                                           |                                                                           |           |                                                    |           |
| Goodwill, net                                            | 732                                                       |                                                                           | 730       |
|                                                          |                                                           |                                                                           |           |                                                    |           |
| Trademarks and other intangibleassets, net               | 640                                                       |                                                                           | 651       |
|                                                          |                                                           |                                                                           |           |                                                    |           |
| Other assets, net                                        | 229                                                       |                                                                           | 248       |
|                                                          |                                                           |                                                                           |           |                                                    |
| Total assets                                             | $3,558                                                    |                                                                           | $3,652    |
|                                                          |                                                           |                                                                           |           |                                                    |           |
|                                                          |                                                           |                                                                           |           |                                                    |           |
| **Liabilities and Stockholders'Equity**                  |                                                           |                                                                           |           |
| Current Liabilities                                      |                                                           |                                                                           |           |
|                                                          | Notes and loans payable                                   | $653                                                                      |           | $361                                               |
|                                                          | Current maturities of long-termdebt                       | 16                                                                        |           | 213                                                |
|                                                          | Accounts payable                                          | 282                                                                       |           | 312                                                |
|                                                          | Accrued liabilities                                       | 490                                                                       |           | 537                                                |
|                                                          | Income taxes payable                                      |             2 |           |         28 |
|                                                          |                                                           |                                                                           |           |                                                    |
|                                                          |                                                           | Total current liabilities                                                 | 1,443     |                                                    | 1,451     |
|                                                          |                                                           |                                                                           |           |                                                    |           |
| Long-term debt                                           | 479                                                       |                                                                           | 495       |
|                                                          |                                                           |                                                                           |           |                                                    |           |
| Other liabilities                                        | 361                                                       |                                                                           | 376       |
|                                                          |                                                           |                                                                           |           |                                                    |           |
| Deferred income taxes                                    | 118                                                       |                                                                           | 115       |
|                                                          |                                                           |                                                                           |           |                                                    |           |
| Stockholders' equity                                     |                                                           |                                                                           |           |
|                                                          | Common stock                                              | 250                                                                       |           | 250                                                |
|                                                          | Additional paid-incapital                                 | 263                                                                       |           | 255                                                |
|                                                          | Retained earnings                                         | 2,633                                                                     |           | 2,565                                              |
|                                                          | Treasury shares, at cost, 38,799,277and 36,150,266 shares |                                                                           |           |                                                    |
|                                                          |                                                           | At at September 30, 2003 and June30, 2003, respectively                   | (1,634)   |                                                    | (1,507)   |
|                                                          | Accumulated other comprehensive netlosses                 | (344)                                                                     |           | (339)                                              |
|                                                          | Unearned compensation                                     | (11)                                                                      |           | (9)                                                |
|                                                          |                                                           |                                                                           |           |                                                    |           |
|                                                          |                                                           | Stockholders' equity                                                      | 1,157     |                                                    | 1,215     |
|                                                          |                                                           |                                                                           |           |                                                    |           |
| Total liabilities and stockholders'equity                | $3,558                                                    |                                                                           | $3,652    |
|                                                          |                                                           |                                                                           |           |                                                    |           |
| See Notes to Condensed ConsolidatedFinancial Statements. |                                                           |                                                                           |           |

----

PART I- FINANCIAL INFORMATION (Continued)

Item1.  Financial Statements (Unaudited)

TheClorox Company

Condensed Consolidated Statements of CashFlows

(Inmillions)

|                                                             |                                                                      |                                                                                 |                                                                           |                                                                                 | Three Months Ended                                                                    |
|-------------------------------------------------------------|----------------------------------------------------------------------|---------------------------------------------------------------------------------|---------------------------------------------------------------------------|---------------------------------------------------------------------------------|---------------------------------------------------------------------------------------|
|                                                             |                                                                      |                                                                                 |                                                                           |                                                                                 |                                                                                       |
|                                                             |                                                                      |                                                                                 |                                                                           |                                                                                 | 9/30/2003                                                                             |  | 9/30/2002 |
| Operations:                                                 |                                                                      |                                                                                 |                                                                           |
|                                                             | Earnings from continuingoperations                                   |  $        130                           |                                                                           |  $        158                           |
|                                                             | Adjustments to reconcile earningsfrom continuing operations          |                                                                                 |                                                                           |                                                                                 |
|                                                             |                                                                      | to net cash provided by continuingoperations:                                   |                                                                           |                                                                                 |                                                                                       |
|                                                             |                                                                      | Depreciation andamortization                                                    |            47      |                                                                                 |           43                        |
|                                                             |                                                                      | Deferred income taxes                                                           |             2 |                                                                                 |               3 |
|                                                             |                                                                      | Other                                                                           |                                                                           |           9                   |                                                                                       |         12   |
|                                                             |                                                                      | Cash effects of changesin:                                                      |                                                                           |                                                                                 |                                                                                       |
|                                                             |                                                                      |                                                                                 | Receivables, net                                                          |           86                  |                                                                                       |           104 |
|                                                             |                                                                      |                                                                                 | Inventories                                                               |         (9)                             |                                                                                       |               -   |
|                                                             |                                                                      |                                                                                 | Other current assets                                                      |            2             |                                                                                       |             2 |
|                                                             |                                                                      |                                                                                 | Accounts payable and accruedliabilities                                   |         (100)                                |                                                                                       |         (133) |
|                                                             |                                                                      |                                                                                 | Income taxes payable                                                      |            14                 |                                                                                       |            27 |
|                                                             |                                                                      |                                                                                 | Pension contribution                                                      |         (37)                            |                                                                                       |               -   |
|                                                             |                                                                      |                                                                                 |                                                                           |                                                                                 |                                                                                       |  |
|                                                             |                                                                      |                                                                                 | Net cash provided by continuingoperations                                 |         144                             |                                                                                       |           216 |
|                                                             |                                                                      |                                                                                 | Net cash used for discontinuedoperations                                  |          (4)                       |                                                                                       |          (12) |
|                                                             |                                                                      |                                                                                 |                                                                           |                                                                                 |                                                                                       |  |
|                                                             |                                                                      |                                                                                 | Net cash provided byoperations                                            |         140                             |                                                                                       |           204 |
| Investing Activities:                                       |                                                                      |                                                                                 |                                                                           |
|                                                             | Capital expenditures                                                 |         (39)                            |                                                                           |          (40)                      |
|                                                             | Low income housingcontributions                                      |         (10)                            |                                                                           |          (12)                      |
|                                                             | Other                                                                |                                                                                 |                                                                           |            1             |                                                                                       |           (3) |
|                                                             |                                                                      |                                                                                 |                                                                           |                                                                                 |                                                                                       |  |
|                                                             |                                                                      |                                                                                 | Net cash used for investing bycontinuing operations                       |         (48)                            |                                                                                       |         (55) |
|                                                             |                                                                      |                                                                                 | Net cash provided by investing bydiscontinued operations                  |            -   |                                                                                       |             1 |
|                                                             |                                                                      |                                                                                 |                                                                           |                                                                                 |                                                                                       |  |
|                                                             |                                                                      |                                                                                 | Net cash used for investingactivities                                     |          (48)                           |                                                                                       |         (54) |
| Financing Activities:                                       |                                                                      |                                                                                 |                                                                           |
|                                                             | Notes and loans payable,net                                          |         292                             |                                                                           |            (8)           |
|                                                             | Long-term debt borrowings                                            |              7 |                                                                           |              4 |
|                                                             | Long-term debt repayments                                            |        (200)                                      |                                                                           |            (1)           |
|                                                             | Cash dividends paid                                                  |          (58)                           |                                                                           |          (49)                      |
|                                                             | Treasury stock purchased and relatedpremiums                         |      (147)                                                  |                                                                           |         (138)                                |
|                                                             | Issuance of common stock foremployee stock plans, and other          |            13            |                                                                           |             7       |
|                                                             | Proceeds from settlement of interestrate swaps                       | 23                                                                              |                                                                           | -                                                                               |
|                                                             |                                                                      |                                                                                 |                                                                           |                                                                                 |                                                                                       |  |  |
|                                                             |                                                                      |                                                                                 | Net cash used for financing bycontinuing operations                       |         (70)                            |                                                                                       |         (185) |
|                                                             |                                                                      |                                                                                 | Net cash (used for) provided byfinancing by discontinued operations       |           (7)                 |                                                                                       |              3 |
|                                                             |                                                                      |                                                                                 |                                                                           |                                                                                 |                                                                                       |  |
|                                                             |                                                                      |                                                                                 | Net cash used for financingactivities                                     |        (77)                                       |                                                                                       |         (182) |
|                                                             |                                                                      |                                                                                 |                                                                           |                                                                                 |                                                                                       |  |  |
| Effect of exchange rate changes oncash and cash equivalents |           -        |                                                                                 |            (2)     |
|                                                             |                                                                      |                                                                                 |                                                                           |
| Net increase (decrease) in cash andcash equivalents         |            15 |                                                                                 |          (34)                |
| Cash and cashequivalents:                                   |                                                                      |                                                                                 |                                                                           |
|                                                             | Beginning of period                                                  |           172                 |                                                                           |           177                 |
|                                                             |                                                                      |                                                                                 |                                                                           |                                                                                 |                                                                                       |  |  |
|                                                             | End of period                                                        |  $        187                           |                                                                           |  $        143                           |
|                                                             |                                                                      |                                                                                 |                                                                           |                                                                                 |                                                                                       |  |  |
| See Notes to Condensed ConsolidatedFinancial Statements.    |

----

PART I- FINANCIAL INFORMATION (Continued)

Item1.  Financial Statements (Unaudited)

TheClorox Company

Notes to Condensed Consolidated FinancialStatements

(Inmillions, except share and per-share amounts)

Interim Financial Statements

**Basis ofPresentation**

The interim condensedunaudited consolidated financial statements for the three-monthperiods ended September 30, 2003 and 2002, in the opinion ofmanagement, reflect all adjustments (consisting only of normalrecurring accruals) necessary for a fair presentation of theconsolidated results of operations, financial position and cashflows of The Clorox Company and its subsidiaries (the"Company”) for the periods presented.  Certainreclassifications were made in the prior periods’ condensedconsolidated financial statements to conform to the currentperiods’ presentation.  The results for the interimperiod ended September 30, 2003 are not necessarily indicative ofthe results that may be expected for the fiscal year ending June30, 2004 or for any future period. 

Certain informationand footnote disclosures normally included in financial statementsprepared in accordance with accounting principles generallyaccepted in the United States of America (“U.S. GAAP”)have been omitted or condensed pursuant to the rules andregulations of the Securities and Exchange Commission (the“SEC”).  The information in this report should beread in conjunction with the Company’s Annual Report on Form10-K filed with the SEC for the fiscal year ended June 30, 2003,which includes a complete set of financial notes, including theCompany’s significant accounting policies.

**Use ofEstimates**

The preparation ofcondensed consolidated financial statements in conformity with U.S.GAAP requires management to make estimates and assumptions thataffect reported amounts and related disclosures.  Actualresults could differ from estimates and assumptionsmade.

****

**New AccountingStandards and Developments**

In January 2003, theFinancial Accounting Standards Board (“FASB”) issuedFASB Interpretation (“FIN”) No. 46,“Consolidation of Variable Interest Entities.” FIN No. 46 sets forth criteria to be used in determining whether aninvestment in a variable interest entity (“VIE”) shouldbe consolidated and is based on the general premise that companiesthat control another entity through interests other than votinginterests should consolidate the controlled entity.  InOctober 2003, the FASB announced the deferral of the effective datefor applying the provisions of FIN No. 46 to interests held bypublic entities in VIEs created before February 1, 2003. Thedeferral extends the effective date of FIN No. 46 to theCompany’s second fiscal quarter. The FASB agreed to providethis deferral to allow time for certain implementation issues to beaddressed through the issuance of a modification to the currentguidance in FIN No. 46.  The FASB indicated that it expects toissue this modification in final form prior to the end of calendaryear 2003.  The Company has evaluated whether the currentconsolidation guidance in FIN No. 46 is applicable to itsinvestment in low income housing partnerships and the investmentfund, which continue to be accounted for by the equity method as ofSeptember 30, 2003 (see Note 5), and has concluded that only theinvestment fund would need to be consolidated under the mostcurrent guidance. The Company does not expect that thisconsolidation will have a material impact on its consolidatedfinancial statements if the current guidance were not to bemodified, and will assess whether the issuance of any modificationsto FIN No. 46 will impact its conclusion on the accounting forthese interests.

In April 2003, theFASB issued Statement of Financial Accounting Standards(“SFAS”) No. 149, “Amendment of Statement 133 onDerivative Instruments and Hedging Activities."  SFAS No. 149amends and clarifies accounting for derivative instruments,including certain derivative instruments embedded in othercontracts, and for hedging activities under SFAS No. 133. Theapplication of SFAS No. 149 did not have a material impact on theCompany's consolidated financial statements.

----

PART I - FINANCIALINFORMATION (Continued)

Item 1. Financial Statements (Unaudited)

The CloroxCompany

Notes to CondensedConsolidated Financial Statements

(In millions, exceptshare and per-share amounts)

Discontinued Operations andAssets Held for Sale

In the first quarterof fiscal year 2003, the Company announced its intent to sell itsbusiness in Brazil, a reporting unit included in the HouseholdProducts – Latin America/Other segment.  This decisionwas due to the deteriorating economic and market conditions and theCompany’s lack of scale in the region.  The Companycontinues to actively market the remaining net assets of the Brazilbusiness, which has been classified as a discontinuedoperation.

The following tablepresents the losses from discontinued operations, which areclassified separately in the condensed consolidated statements ofearnings.
|                                                |                                                                     | Three MonthsEnded |
|------------------------------------------------|---------------------------------------------------------------------|-------------------|
|                                                |                                                                     |                   |
|                                                |                                                                     | 9/30/2003         |  | 9/30/2002 |
|                                                |                                                                     |                   |  |  |
|                                                |                                                                     |                   |  |  |
| Net sales                                      | $2                                                                  |                   | $7 |
|                                                |                                                                     |                   |  |  |
|                                                |                                                                     |                   |  |  |
| Losses from discontinuedoperations             |                                                                     |                   |  |
|                                                | before income taxes                                                 | ($2)              |  | ($19) |
| Income tax benefits                            | 1            |                   |           6 |
|                                                |                                                                     |                   |  |  |
| Losses from discontinued operations,net of tax | ($1)                                                                |                   | ($13) |
|                                                |                                                                     |                   |  |  |

Assets held for sale,including those related to the discontinued Brazil operations, areas follows:
|                                                               |                                                               | 9/30/2003 |                                                               | 6/30/2003 |
|---------------------------------------------------------------|---------------------------------------------------------------|-----------|---------------------------------------------------------------|-----------|
|                                                               |                                                               |           |                                                               |           |
| Brazil                                                        | $5                                                            |           | $5                                                            |
| Other, including formermanufacturing facilities held for sale |           3 |           |           1 |
|                                                               |                                                               |           |                                                               |           |
| Assets held for sale                                          | $8                                                            |           | $6                                                            |
|                                                               |                                                               |           |                                                               |

Financial Instruments

The Company utilizesderivative instruments, principally swap, forward and optioncontracts, to enhance its ability to manage the risks associatedwith fluctuations in interest rates, foreign currencies andcommodity prices, which exist as part of its ongoing businessoperations.  These contracts hedge transactions and balancesfor periods consistent with the related exposures and do notconstitute investments independent of these exposures.  As ofSeptember 30, 2003, the Company’s outstanding interest rateswap agreements had either matured or been settled during theperiod.

----

PART I - FINANCIALINFORMATION (Continued)

Item 1. Financial Statements (Unaudited)

The CloroxCompany

Notes to CondensedConsolidated Financial Statements

(In millions, exceptshare and per-share amounts)

Financial Instruments (Continued)

At September 30, 2003and June 30, 2003, the Company’s derivative financialinstruments are recorded at fair value in the condensedconsolidated balance sheets as assets (liabilities) asfollows:
|                     |                           | 9/30/2003                                                           |  | 6/30/2003                                                     |
|---------------------|---------------------------|---------------------------------------------------------------------|--|---------------------------------------------------------------|
|                     |                           |                                                                     |  |                                                               |
| Current Assets      |                           |                                                                     |  |
|                     | Commodity contracts       | $1                                                                  |  | $  -                                                     |
|                     | Foreign exchangecontracts |            - |  |           1 |
|                     |                           |                                                                     |  |                                                               |
| Other Assets        |                           |                                                                     |  |
|                     | Commodity contracts       |           1       |  |           2 |
|                     | Interest rate swaps       |            - |  |          39      |
|                     |                           |                                                                     |  |                                                               |
| Current Liabilities |                           |                                                                     |  |
|                     | Interest rate swaps       |            - |  |           2 |

The estimated notional and fairvalue amounts of the Company’s derivative instruments aresummarized below:
|                           |                                                                     |  | 9/30/2003                                                           |  | 6/30/2003                                      |
|---------------------------|---------------------------------------------------------------------|--|---------------------------------------------------------------------|--|------------------------------------------------|
|                           |                                                                     |  |                                                                     |  |                                                |
|                           |                                                                     |  | Notional                                                            |  | Fair Value                                     |  | Notional |  | Fair Value |
|                           |                                                                     |  |                                                                     |  |                                                |  |  |  |  |
|                           |                                                                     |  |                                                                     |  |                                                |  |  |
| Commodity contracts       | $113                                                                |  | $2                                                                  |  | $125                                           |  | $2 |
| Foreign exchangecontracts |          41            |  |            - |  |         259 |  |            - |
| Debt-related contracts    |            - |  |            - |  |         400 |  |          41 |

Exposure to counterparty credit riskis considered low because these agreements have been entered intowith major institutions with strong credit ratings who are expectedto fully perform under the terms of the agreements.

Inventories

     Inventories at September 30, 2003 and June 30, 2003 consistedof:
|                            | 9/30/2003                                     |  | 6/30/2003                                                     |
|----------------------------|-----------------------------------------------|--|---------------------------------------------------------------|
|                            |                                               |  |                                                               |
| Finished goods             | $189                                          |  | $179                                                          |
| Work in process            |         14 |  |           9 |
| Raw materials andpackaging |       83             |  |         87            |
| LIFO allowances            |      (9)                  |  |          (8)     |
| Allowance forobsolescence  |        (4)      |  |      (3)                                  |
|                            |                                               |  |                                                               |
| Total                      | $273                                          |  | $264                                                          |
|                            |                                               |  |                                                               |

----

PART I - FINANCIALINFORMATION (Continued)

Item 1. Financial Statements (Unaudited)

The CloroxCompany

Notes to CondensedConsolidated Financial Statements

(In millions, exceptshare and per-share amounts)

Other Assets

Other assets at September 30, 2003and June 30, 2003 consisted of:
|                                              |                                                                                       | 9/30/2003                                                            |                                                          | 6/30/2003                                                |
|----------------------------------------------|---------------------------------------------------------------------------------------|----------------------------------------------------------------------|----------------------------------------------------------|----------------------------------------------------------|
|                                              |                                                                                       |                                                                      |                                                          |                                                          |
| Equity investments in:                       |                                                                                       |                                                                      |                                                          |
|                                              | Henkel Iberica, S.A. ofSpain                                                          | $56                                                                  |                                                          | $56                                                      |
|                                              | Other entities                                                                        |            42 |                                                          |          39 |
| Investment in low income housingpartnerships |            56                  |                                                                      |          46 |
| Derivative contracts                         |             -   |                                                                      |          41 |
| Investment fund                              |            13                  |                                                                      |          14 |
| Retirement plan assets                       |            35                  |                                                                      |          22 |
| Other                                        |            27                  |                                                                      |          30 |
|                                              |                                                                                       |                                                                      |                                                          |                                                          |
| Total                                        | $229                                                                                  |                                                                      | $248                                                     |
|                                              |                                                                                       |                                                                      |                                                          |

Net Earnings per Common Share(“EPS”)

Basic EPS is computedby dividing net earnings by the weighted average number of commonshares outstanding during each period.  Diluted EPS iscomputed by dividing net earnings by the diluted weighted averagenumber of common shares outstanding during each period. Diluted EPS reflects the potential dilution that could occur fromcommon shares issuable through stock options, restricted stock,performance units and other securities.  The weighted averagenumber of common shares outstanding (denominator) used to calculatebasic EPS is reconciled to those shares used in calculating dilutedEPS as follows (in thousands):
|                         | Weighted AverageNumber of Common Shares Outstanding |
|-------------------------|-----------------------------------------------------|
|                         |                                                     |
|                         | Three MonthsEnded                                   |
|                         |                                                     |
|                         | 9/30/2003                                           |  | 9/30/2002 |
|                         |                                                     |  |  |
| Basic                   | 212,654                                             |  | 221,883 |
| Stock options and other | 2,153                                               |  | 2,168 |
|                         |                                                     |  |  |
| Diluted                 | 214,807                                             |  | 224,051 |
|                         |                                                     |  |  |

Stock options topurchase 1,566,754 and 1,545,000 shares of common stock for thethree-month periods ended September 30, 2003 and 2002,respectively, were not included in the computation of diluted EPSbecause the exercise price of the stock options was greater thanthe average market price of the common shares and therefore theeffect would be antidilutive.

----

PART I - FINANCIALINFORMATION (Continued)

Item 1. Financial Statements (Unaudited)

The CloroxCompany

Notes to CondensedConsolidated Financial Statements

(In millions, exceptshare and per-share amounts)

Comprehensive Income

      Comprehensive income for theCompany includes net earnings, foreign currency translationadjustments and net changes in the valuation of cash flow hedgesthat are excluded from net earnings but included as a separatecomponent of stockholders' equity.  Comprehensive income forthe three-month periods ended September 30, 2003 and 2002 is asfollows:
|                           |                                         |                                                                 |      | Three MonthsEnded                                               |
|---------------------------|-----------------------------------------|-----------------------------------------------------------------|------|-----------------------------------------------------------------|
|                           |                                         |                                                                 |      |                                                                 |
|                           |                                         |                                                                 |      | 9/30/2003                                                       |  | 9/30/2002 |
|                           |                                         |                                                                 |      |                                                                 |  |  |
| Net earnings              | $129                                    |                                                                 | $145 |
| Other comprehensivelosses |                                         |                                                                 |      |
|                           | Foreign currency translationadjustments | (3)                                                             |      | (27)                                                            |
|                           | Net derivative loss                     |           (1) |      |           (3) |
|                           |                                         |                                                                 |      |                                                                 |  |  |
| Total comprehensiveincome | $125                                    |                                                                 | $115 |
|                           |                                         |                                                                 |      |                                                                 |

Goodwill, Trademarks and OtherIntangible Assets

In accordance withSFAS No. 142, “Goodwill and Other Intangible Assets,”the Company’s policy is to separately identify, value, anddetermine the useful lives for all intangible assets acquired.Those assets with a definite life are amortized over such periods,and those with indefinite lives are not amortized, but tested forimpairment. The annual impairment tests are performed in the thirdquarter of each fiscal year unless events suggest an impairment mayhave occurred in the interim. No impairment charges were recordedfor the quarter ended September 30, 2003.

Changes in thecarrying amount of goodwill for the three-month period endedSeptember 30, 2003, by operating segment, are asfollows:
|                                         |                                                          | Net Balance |                                                                                                   | Translation |                                     | Net Balance |
|-----------------------------------------|----------------------------------------------------------|-------------|---------------------------------------------------------------------------------------------------|-------------|-------------------------------------|-------------|
|                                         |                                                          | 6/30/2003   |                                                                                                   | Adjustments |                                     | 9/30/2003   |
|                                         |                                                          |             |                                                                                                   |             |                                     |             |
|                                         |                                                          |             |                                                                                                   |             |                                     |             |
| Household Products - NorthAmerica       |  $     125                      |             | $           -                         |             |  $     125 |
| Specialty Products                      | 381                                                      |             |                 - |             | 381                                 |
| Household Products - LatinAmerica/Other | 155                                                      |             |             2                    |             | 157                                 |
| Corporate, Interest andOther            |          69 |             |                 - |             | 69                                  |
|                                         |                                                          |             |                                                                                                   |             |                                     |             |
| Total Company                           |  $     730                      |             |  $            2                  |             |  $     732 |
|                                         |                                                          |             |                                                                                                   |             |                                     |

Changes in trademarksand other intangible assets at September 30, 2003 are summarizedbelow. Trademarks and other intangible assets subject toamortization are net of accumulated amortization of $142 and $137at September 30, 2003 and June 30, 2003, respectively. Estimated amortization expense is $11 for each of the fiscal years2005, 2006, 2007, 2008 and 2009.

----

PART I- FINANCIAL INFORMATION (Continued)

Item1.  Financial Statements (Unaudited)

TheClorox Company

Notes to Condensed Consolidated FinancialStatements

(Inmillions, except share and per-share amounts)

Goodwill, Trademarks and Other Intangible Assets (Continued)
|                                       |                         |            | Netbalance |      | Translation |      |              |      | Netbalance |
|---------------------------------------|-------------------------|------------|------------|------|-------------|------|--------------|------|------------|
|                                       |                         |            | 6/30/2003  |      | Adjustments |      | Amortization |      | 9/30/2003  |
|                                       |                         |            |            |      |             |      |              |      |            |
| Trademarks and other intangibleassets |                         |            |            |      |             |      |              |
|                                       | subject to amortization |            |            |      |             |      |              |      |
|                                       |                         | Patents    | $3         |      | $-          |      | ($1)         |      | $2         |
|                                       |                         | Technology | 105        |      | -           |      | (3)          |      | 102        |
|                                       |                         | Other      | 28         |      | (1)         |      | (1)          |      | 26         |
|                                       |                         |            |            |      |             |      |              |      |            |
|                                       |                         | Sub-total  | 136        |      | (1)         |      | (5)          |      | 130        |
|                                       |                         |            |            |      |             |      |              |      |            |
| Trademarks not subject toamortization | 515                     |            | (5)        |      | -           |      | 510          |
|                                       |                         |            |            |      |             |      |              |      |            |
| Total                                 |                         | $651       |            | ($6) |             | ($5) |              | $640 |
|                                       |                         |            |            |      |             |      |              |      |

Stock Option Plans

The Company’s stock optionplans provide for the granting of stock options to officers, keyemployees and directors.  The Company accounts for stock-basedcompensation using the intrinsic value methods prescribed inAccounting Principles Board Opinion No. 25 whereby the options aregranted at market price, and therefore no compensation costs arerecognized.

If compensation expense for theCompany’s various stock option plans had been determinedbased upon fair values at the grant dates for awards under thoseplans in accordance with SFAS No. 123, the Company’spro-forma net earnings, and basic and diluted EPS would have beenas follows:
|                              |                                     |                                                                 | Three MonthsEnded |
|------------------------------|-------------------------------------|-----------------------------------------------------------------|-------------------|
|                              |                                     |                                                                 |                   |
|                              |                                     |                                                                 | 9/30/2003         |  | 9/30/2002 |
|                              |                                     |                                                                 |                   |  |  |
| Net earnings:                |                                     |                                                                 |                   |
|                              | As reported                         | $129                                                            |                   | $145 |
|                              | Fair value-based expense, net oftax |           (6) |                   |           (5) |
|                              |                                     |                                                                 |                   |  |  |
| Pro forma                    | $123                                |                                                                 | $140              |
|                              |                                     |                                                                 |                   |  |  |
|                              |                                     |                                                                 |                   |  |  |
| Net earnings per commonshare |                                     |                                                                 |                   |
|                              | Basic                               |                                                                 |                   |  |
|                              |                                     | As reported                                                     | $0.61             |  | $0.65 |
|                              |                                     | Pro forma                                                       | $0.58             |  | $0.63 |
|                              |                                     |                                                                 |                   |  |  |
|                              | Diluted                             |                                                                 |                   |  |
|                              |                                     | As reported                                                     | $0.60             |  | $0.65 |
|                              |                                     | Pro forma                                                       | $0.57             |  | $0.63 |

----

PART I- FINANCIAL INFORMATION (Continued)

 Item 1.  Financial Statements (Unaudited)

TheClorox Company

Notes to Condensed Consolidated FinancialStatements

(Inmillions, except share and per-share amounts)

Guarantees

In conjunction withdivestitures and other transactions, the Company may provideroutine indemnifications relating to the enforceability oftrademarks, retention of pre-existing legal, tax, environmental andemployee liabilities, as well as provisions for product returns andother items.  The Company has several indemnificationagreements in effect through fiscal year 2006 that specify amaximum possible indemnification exposure.  TheCompany’s aggregate exposure from these agreements is cappedat $42. However, based on historical experience and evaluation ofthe specific agreements, the Company does not believe that anysignificant payments will result. 

Segment Results

Information regardingthe Company's operating segments is shown below. Each segment isindividually managed with separate operating results that arereviewed regularly by the chief operating decision makers. The operating segments include:

Household Products– North America:  Includes cleaning, bleach, waterfiltration products, and the food storage and disposal categoriesmarketed in the United States and all products marketed inCanada.

Specialty Products:Includes charcoal, the United States and European automotive carebusinesses, cat litter, insecticides, food products andprofessional products.

Household Products– Latin America/Other:  Includes operations outside theUnited States and Canada, excluding the European automotive carebusinesses.

The table belowrepresents operating segment information. 
|                                         |                                                                     |                   |                                                                     |                    |  | Earnings (Losses)from Continuing Operations          |
|-----------------------------------------|---------------------------------------------------------------------|-------------------|---------------------------------------------------------------------|--------------------|--|------------------------------------------------------|
|                                         |                                                                     | Net Sales         |                                                                     | Before IncomeTaxes |
|                                         |                                                                     |                   |                                                                     |                    |
|                                         |                                                                     | Three MonthsEnded |                                                                     | Three MonthsEnded  |
|                                         |                                                                     |                   |                                                                     |                    |
|                                         |                                                                     | 9/30/2003         |                                                                     | 9/30/2002          |  |                                                      | 9/30/2003 |  | 9/30/2002 |  |
|                                         |                                                                     |                   |                                                                     |                    |  |                                                      |  |  |  |  |
|                                         |                                                                     |                   |                                                                     |                    |  |                                                      |  |  |  |  |
| Household Products - NorthAmerica       |  $     603                                 |                   |  $     628                                 |                    |  |  $      156            |  |  $       206 |  |
| Specialty Products                      | 318                                                                 |                   | 306                                                                 |                    |  | 108                                                  |  | 114 |  |
| Household Products - LatinAmerica/Other | 127                                                                 |                   | 113                                                                 |                    |  | 31                                                   |  | 16 |  |
| Corporate, Interest andOther            |            - |                   |            - |                    |  |         (94) |  |          (92) |  |
|                                         |                                                                     |                   |                                                                     |                    |  |                                                      |  |  |  |  |
| Total Company                           |   $  1,048                                           |                   |   $  1,047                                           |                    |  |  $      201            |  |  $       244 |  |
|                                         |                                                                     |                   |                                                                     |                    |  |                                                      |  |  |  |

Net sales to the Company’slargest customer, Wal-Mart Stores, Inc. and its affiliates, were25% of consolidated net sales for the three-month periods endedSeptember 30, 2003 and 2002. 

----

PART I- FINANCIAL INFORMATION (Continued)

Item 2.Management’s Discussion and Analysis of

Resultsof Operations and Financial Condition

TheClorox Company

Results of Operations

Comparison of the Three Months Ended September 30,2003

With the ThreeMonths Ended September 30, 2002

***Diluted net earnings percommon share***decreased8% to 60 cents for the quarter ended September 30, 2003 as comparedto the quarter ended September 30, 2002.  The decrease wasdriven primarily by higher cost of products sold, partially offsetby the effect of the Company’s share repurchases.

***Net sales***increased by $1 million to $1,048 million dueto a volume increase of 2% which was driven by record shipments of*Glad* products, record first-quarter shipments of charcoal,food and cat litter products, and a double-digit increase in LatinAmerica shipments.  The volume increase was partially offsetbyhigher trade and couponspending and an unfavorable product mix.

The *Household Products –North America* segment reported a net sales decrease of 4% and avolume increase of 1%. Volume growth in the segment was driven by all-time recordshipments of *Glad*products, due to recordfirst-quarter shipments of *Glad*trash bags and*GladWare* containers, and the introduction of *Glad**Press ‘n Seal* wrap. Also contributing to volume growthwere new laundry and home care products and increased shipments of*Clorox* bleach. Nearly offsetting these positive trends weredeclines in wipes and convenience mopping due to competitiveactivity, and a high base-period comparison due to lastyear’s launch of *Brita*pitchers with electronic filter changeindicators.  The variancebetween volume and net sales was primarily the result of increasedtrade-promotion spending and an unfavorable product mix, partiallyoffset by favorable foreign-exchange rates.   

The *Specialty Products*segment reported net sales and volume increases of4%.  Thesegment’s strong volume growth was driven by increases inshipments of food products, cat litter and charcoal. Deliveringrecord first-quarter shipments were bottled *Hidden Valley*salad dressing, *Fresh Step* scoopable cat litter, and*Kingsford* and *Match Light* charcoal. *Scoop Away*cat litters and *Fresh Step* regular cat litter achievedall-time record shipments. 

The *Household Products –Latin America/Other* segment’s net sales and volumeincreased by 13% and 4%, respectively.  Volume improvementswere primarily driven by increased shipments in Mexico andArgentina, partially offset by a decline in Korea insecticidesshipments due to weather conditions.  Net sales growthoutpaced volume growth due to favorable foreign-exchange rates andprice increases, partially offset by an unfavorable productmix.

***Cost of productssold***as a percentage ofnet sales increased to 56.4% for the quarter ended September 30,2003 as compared to 52.0% for the quarter ended September 30,2002.  This increase was driven by higher manufacturing costsdue to start-up costs for new products, increased resin and otherraw materials costs, increased contract-manufacturing costs for*Match Light* charcoal, and an unfavorable product mix,partially offset by strong cost-savinginitiatives. 

***Selling and administrativeexpenses***increased by 5%to $122 million driven primarily by higher expenses related to theCompany’s new system projects.

***Advertisingcosts***as a percentage ofnet sales was 10.1% for the quarter ended September 30, 2003 versus10.6% for the year ago quarter.  The decreasereflectsa shift in spending fromadvertising to trade promotion to support new-product launches,including*Glad**Press‘n Seal* wrap, *Clorox* bleach pen, and *Clorox*bathroom cleaners with *Teflon* surface protector.

***The effective taxrate***on continuingoperations was 35.3% for the quarter ended September 30, 2003 ascompared to 35.2% for the quarter ended September 30,2002.

***Losses from discontinuedoperations***decreased to$1 million for the quarter ended September 30, 2003 from $13 forthe quarter ended September 30, 2002. The losses from discontinuedoperations in the year-ago quarter were driven by pre-taximpairment charges of $19 million related to Brazil.

****

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PART I- FINANCIAL INFORMATION (Continued)

Item 2.Management’s Discussion and Analysis of

Resultsof Operations and Financial Condition

TheClorox Company

FinancialCondition, Liquidity and Capital Resources

The Company’s financialposition and liquidity remain strong as of September 30, 2003. Netcash provided by operations was $140 million for the quarter endedSeptember 30, 2003, down from $204 million in the year-ago quarter.This decrease in operating cash flows was driven by lower earningsfrom continuing operations, a $37 million pension contribution madeduring the quarter ended September 30, 2003 and other workingcapital changes.

***WorkingCapital***

The Company’s balance ofworking capital declined from June 30, 2003 to September 30, 2003principally due to seasonality and timing.

The $84 million decrease inreceivables was driven primarily by a $78 million decreaseattributable to the seasonal nature of the Charcoal, Insecticides,Food and Auto businesses, which typically have peak tradereceivable balances in the fourth fiscal quarter. The $95 millionincrease in short-term borrowings was due primarily to $290 millionof additional commercial paper borrowings, which were partiallyoffset by a $200 million payoff due to the maturity of preferredinterest transferable securities.

The $103 million decrease in payableand accrued liability balances was attributable to $61 million ofprofit sharing and incentive compensation payments, a $23 milliondecrease in the Specialty Products segment driven by loweradvertising and coupon accruals and seasonality, a $15 milliondecrease due to the timing of interest payments on long-term debtand other net decreases of $4 million.

******

***StockRepurchases***

During the three-monthperiod ended September 30, 2003, the Company acquired 3.3 millionshares of its common stock at a total cost of $147 million. Theserepurchases relate to $1.7 billion board-authorized repurchaseprogram, bringing the total number of shares repurchased under theprogram to approximately 22 million at a total cost of $920million.

******

***CapitalExpenditures***

Capital expenditureswere $39 million and $40 million for the three-month periods endedSeptember 30, 2003 and 2002, respectively, and included $14 millionand $23 million, respectively, for the Company’s enterpriseresource planning and customer relationship management dataprocessing systems.  The Company is implementing theseinformation systems over a three-year period, with totalimplementation costs estimated to be approximately $310million.  Total inception-to-date expenditures for thesesystems through September 30, 2003 were $251 million, of which $212million has been capitalized as property, plant and equipment, and$39 million has been recorded as selling and administrativeexpense.  Expenditures for the three-month period endedSeptember 30, 2003 totaled $15 million, of which $14 million hasbeen capitalized and $1 million expensed.

The Company expects to achieveapproximately $125 million in one-time working capital reductionsand approximately $80 million of annual ongoing savings from theinformation systems.  Some of the working capital reductionsand ongoing cost savings are already being realized, with furthersavings expected when the systems are fully-implemented.

----

PART I- FINANCIAL INFORMATION (Continued)

Item 2.Management’s Discussion and Analysis of

Resultsof Operations and Financial Condition

TheClorox Company

FinancialCondition, Liquidity and Capital Resources

***CreditArrangements***

During the three months endedSeptember 30, 2003 and 2002, cash flow from continuing operationsexceeded cash requirements to fund capital expenditures, dividendsand scheduled debt service.  A portion of the operating cashflows were used to repurchase shares of the Company’soutstanding common stock. The Company believes that cash flow fromoperations, supplemented by financing expected to be available fromexternal sources, will provide sufficient liquidity during the nexttwelve months. 

At September 30, 2003, the Companyhad domestic credit agreements with available credit lines totaling$750 million, which expire on various dates through March2007.  At September 30, 2003 and June 30, 2003, there were noborrowings under these agreements, which are available for generalcorporate purposes and to support additional commercial paperissuance.  In addition, the Company had $16 million of foreignworking capital credit lines and overdraft facilities at September30, 2003, of which $8 million is available for borrowing.  TheCompany is in compliance with all restrictive covenants andlimitations as of September 30, 2003, and does not anticipate anyproblems in securing future credit agreements.

Management believes the Company hasaccess to sufficient capital through internally generated cashflows, existing lines of credit and, should the need arise, otherpublic and private sources.

Cautionary Statement

Except for historicalinformation, matters discussed above and in the financialstatements and footnotes, including statements about future volume,sales and earnings growth, profitability, costs, cost savings orexpectations, are forward-looking statements based on management'sestimates, assumptions and projections.  These forward-lookingstatements are subject to risks and uncertainties, and actualresults could differ materially from those discussed above and inthe financial statements and footnotes.  Important factorsthat could cause results to differ materially from management'sexpectations are described in the section entitled  "Forward-Looking Statements and Risk Factors" and“Management’s Discussion and Analysis of FinancialCondition and Results of Operations” in the Company’sForm  10-K for the year ended June 30, 2003, as updated fromtime to time in the Company's SEC filings.  Those factorsinclude, but are not limited to, general economic and marketplaceconditions and events, competitors’ actions, the Company'scosts (including the impact of world events on raw material costsand/or supply disruption), the success of information systemsdesign and implementation, the ability to manage and realize thebenefits of joint ventures and other cooperative relationships,risks inherent in litigation and international operations, thesuccess of new products, the integration of acquisitions, andenvironmental, regulatory and intellectual propertymatters.

----

PART I- FINANCIAL INFORMATION (Continued)

Item 3.Quantitative and Qualitative Disclosure About MarketRisk

TheClorox Company

There have not beenany material changes during the three-month period ended September30, 2003.  However, the Household Products-Latin America/Othersegment continues to be affected by weakening economic, social, andpolitical conditions in certain countries in South America where itdoes business.  For additional information, refer to theCompany’s Annual Report on Form 10-K for the fiscal yearended June 30, 2003.

Item 4.Controls and Procedures

****

The Company maintains disclosurecontrols and procedures designed to ensure that informationrequired to be disclosed in reports filed under the SecuritiesExchange Act of 1934, as amended, is recorded, processed,summarized and reported within the specified time periods. The chief executive officer and chief financial officer of theCompany, with the participation of the Company's management, haveevaluated the effectiveness of the Company's disclosure controlsand procedures as of September 30, 2003 and, based on thatevaluation, which disclosed no significant deficiencies or materialweaknesses, have concluded that such disclosure controls andprocedures are effective.  During the first quarter of fiscalyear 2004, there have not been any significant changes in theCompany's internal controls over financial reporting or in otherfactors that could significantly affect internal controls overfinancial reporting.

----

PART II– OTHER INFORMATION

Item 6. Exhibits andReports on Form 8-K

TheClorox Company

Exhibits

(31-1)   Certification by the Chief Executive Officer of The Clorox CompanyPursuant to Section 302 of the Sarbanes-Oxley Act of 2002, attachedhereto as Exhibit 31-1

(31-2)   Certification by the Chief Financial Officer of The Clorox CompanyPursuant to Section 302 of the Sarbanes-Oxley Act of 2002, attachedhereto as Exhibit 31-2

(32)       Certification bythe Chief Executive Officer and Chief Financial Officer of TheClorox Company Pursuant to Section 906 of the Sarbanes-Oxley Act of2002, attached hereto as Exhibit 32

(b) Reports on Form 8-K

The Company filed acurrent report on Form 8-K containing information pursuant to Item12 ("Results of Operations and Financial Condition") on August 12,2003, relating to the issuance of an earnings release for thequarter ended June 30, 2003.

S IG N A T U R E

Pursuant to therequirements of the Securities Exchange Act of 1934, the registranthas duly caused this report to be signed on its behalf by theundersigned thereunto duly authorized.

                                                                             THE CLOROX COMPANY

                                                                             (Registrant)

 

DATE:  November7,2003                                        BY          /s/ Thomas D.Johnson

                                                                                         Thomas D. Johnson

                                                                                         Vice-President – Controller