2014 Form 8-K Financial Statement

#000119312514432853 Filed on December 04, 2014

View on sec.gov

Income Statement

Concept 2014 2013 Q2 2013 Q1
Revenue $5.514B $1.525B $1.413B
YoY Change -1.94% -1.04% 0.86%
Cost Of Revenue $3.158B $851.0M $802.0M
YoY Change 0.51% -3.62% -0.74%
Gross Profit $2.356B $674.0M $595.0M
YoY Change -1.46% 2.43% 0.34%
Gross Profit Margin 42.73% 44.2% 42.11%
Selling, General & Admin $751.0M $326.0M $196.0M
YoY Change -5.3% -2.98% -7.11%
% of Gross Profit 31.88% 48.37% 32.94%
Research & Development $125.0M $35.00M $34.00M
YoY Change -3.85% 2.94% 13.33%
% of Gross Profit 5.31% 5.19% 5.71%
Depreciation & Amortization $180.0M $46.00M $46.00M
YoY Change -1.1% 2.22% 4.55%
% of Gross Profit 7.64% 6.82% 7.73%
Operating Expenses $876.0M $365.0M $230.0M
YoY Change -5.09% -2.41% -4.56%
Operating Profit $1.480B $309.0M $365.0M
YoY Change 0.82% 8.8% 3.69%
Interest Expense $103.0M -$26.00M $30.00M
YoY Change -15.57% -21.21% -9.09%
% of Operating Profit 6.96% -8.41% 8.22%
Other Income/Expense, Net $10.00M
YoY Change 150.0%
Pretax Income $754.0M $268.0M $202.0M
YoY Change 4.14% 6.77% 2.02%
Income Tax $305.0M $85.00M $68.00M
% Of Pretax Income 40.45% 31.72% 33.66%
Net Earnings $558.0M $183.0M $133.0M
YoY Change -2.45% 5.17% 0.76%
Net Earnings / Revenue 10.12% 12.0% 9.41%
Basic Earnings Per Share $4.31 $1.39 $1.01
Diluted Earnings Per Share $4.23 $1.37 $1.00
COMMON SHARES
Basic Shares Outstanding 129.6M shares 131.7M shares 131.6M shares
Diluted Shares Outstanding 131.7M shares 133.5M shares

Balance Sheet

Concept 2014 2013 Q2 2013 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $329.0M $299.0M $423.0M
YoY Change 10.03% 11.99% 39.6%
Cash & Equivalents $329.0M $299.0M $423.0M
Short-Term Investments
Other Short-Term Assets $134.0M $147.0M $149.0M
YoY Change -8.84% -1.34% 16.41%
Inventory $386.0M $394.0M $454.0M
Prepaid Expenses $41.00M
Receivables $546.0M $580.0M $562.0M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $1.395B $1.420B $1.588B
YoY Change -1.76% 3.2% 10.12%
LONG-TERM ASSETS
Property, Plant & Equipment $977.0M $1.021B $1.041B
YoY Change -4.31% -5.55% 0.19%
Goodwill $1.105B $1.118B
YoY Change -0.63%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $174.0M $138.0M $143.0M
YoY Change 26.09% -4.17% 4.38%
Total Long-Term Assets $2.863B $2.882B $2.935B
YoY Change -0.97% -3.26% -0.31%
TOTAL ASSETS
Total Short-Term Assets $1.395B $1.420B $1.588B
Total Long-Term Assets $2.863B $2.882B $2.935B
Total Assets $4.258B $4.302B $4.523B
YoY Change -1.23% -1.22% 3.12%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $440.0M $413.0M $390.0M
YoY Change 6.54% 0.24% 7.14%
Accrued Expenses $472.0M $490.0M $503.0M
YoY Change -3.08% -0.81% 6.57%
Deferred Revenue
YoY Change
Short-Term Debt $143.0M $202.0M $392.0M
YoY Change -29.21% -32.67% -8.84%
Long-Term Debt Due $575.0M $0.00 $0.00
YoY Change -100.0% -100.0%
Total Short-Term Liabilities $1.638B $1.134B $1.308B
YoY Change 44.44% -44.98% -38.62%
LONG-TERM LIABILITIES
Long-Term Debt $1.595B $2.161B $2.169B
YoY Change -26.5% 37.56% 38.15%
Other Long-Term Liabilities $768.0M $742.0M $787.0M
YoY Change 3.5% 0.41% 24.13%
Total Long-Term Liabilities $2.363B $2.903B $2.956B
YoY Change -18.85% 25.67% 34.12%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.638B $1.134B $1.308B
Total Long-Term Liabilities $2.363B $2.903B $2.956B
Total Liabilities $4.104B $4.165B $4.371B
YoY Change -1.46% -7.24% -2.69%
SHAREHOLDERS EQUITY
Retained Earnings $1.561B $1.474B
YoY Change 15.63%
Common Stock $820.0M $814.0M
YoY Change 3.54%
Preferred Stock
YoY Change
Treasury Stock (at cost) $1.868B $1.758B
YoY Change -0.69%
Treasury Stock Shares 28.37M shares 27.18M shares
Shareholders Equity $154.0M $146.0M $152.0M
YoY Change
Total Liabilities & Shareholders Equity $4.258B $4.311B $4.523B
YoY Change -1.23% -1.01% 3.12%

Cashflow Statement

Concept 2014 2013 Q2 2013 Q1
OPERATING ACTIVITIES
Net Income $558.0M $183.0M $133.0M
YoY Change -2.45% 5.17% 0.76%
Depreciation, Depletion And Amortization $180.0M $46.00M $46.00M
YoY Change -1.1% 2.22% 4.55%
Cash From Operating Activities $767.0M $290.0M $160.0M
YoY Change -1.03% 1.05% 1.91%
INVESTING ACTIVITIES
Capital Expenditures $137.0M -$60.00M -$32.00M
YoY Change -27.89% -17.81% -13.51%
Acquisitions $0.00
YoY Change
Other Investing Activities $0.00 $32.00M -$1.000M
YoY Change -100.0% -900.0%
Cash From Investing Activities -$138.0M -$28.00M -$33.00M
YoY Change 150.91% -63.64% -10.81%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $260.0M
YoY Change 103.13%
Debt Paid & Issued, Net $0.00
YoY Change -100.0%
Cash From Financing Activities -$592.0M -382.0M -148.0M
YoY Change -13.58% 57.2% 27.59%
NET CHANGE
Cash From Operating Activities $767.0M 290.0M 160.0M
Cash From Investing Activities -$138.0M -28.00M -33.00M
Cash From Financing Activities -$592.0M -382.0M -148.0M
Net Change In Cash $37.00M -120.0M -21.00M
YoY Change 5.71% 263.64% -625.0%
FREE CASH FLOW
Cash From Operating Activities $767.0M $290.0M $160.0M
Capital Expenditures $137.0M -$60.00M -$32.00M
Free Cash Flow $630.0M $350.0M $192.0M
YoY Change 7.69% -2.78% -1.03%

Facts In Submission

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CY2014 us-gaap Use Of Estimates
UseOfEstimates
<div id='EdgarSAA123457890000' style="font-family : 'Arial';"> <p align="left" style=" margin-top: 3pt; font-family : Arial;"><strong><font style=" font-family: Arial;"><font style=" font-size: 11pt;">Use of Estimates</font></font></strong></p> <p align="left" style=" margin-top: 3pt; font-family : Arial;"><font style=" font-family: Arial;"><font style=" font-size: 11pt;">The preparation of these consolidated financial statements in conformity with accounting principles generally accepted in the United States of America (U.S. GAAP) requires management to make estimates and assumptions that affect reported amounts and related disclosures. Specific areas requiring the application of management's estimates and judgments include assumptions pertaining to accruals for consumer and trade-promotion programs, stock-based compensation costs, pension and post-employment benefit costs, future cash flows associated with impairment testing of goodwill and other long-lived assets, the credit worthiness of customers, uncertain tax positions, tax valuation allowances and legal, environmental and insurance matters. Actual results could materially differ from estimates and assumptions made.</font></font></p> </div>
CY2014 us-gaap Description Of New Accounting Pronouncements Not Yet Adopted
DescriptionOfNewAccountingPronouncementsNotYetAdopted
<div id='EdgarSAA123457890000' style="font-family : 'Arial';"> <p align="left" style=" margin-top: 3pt; font-family : Arial;"><strong><font style=" font-family: Arial;"><font style=" font-size: 11pt;">Recently Issued Accounting Pronouncements</font></font></strong></p> <p><font style=" font-family: Arial;"><font style=" font-size: 11pt;">In May 2014, the Financial Accounting Standards Board (FASB) issued an update to current accounting standards, which establishes a single, comprehensive revenue recognition model for all contracts with customers, and will supersede most current revenue recognition guidance. It requires entities to recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The amendments are effective for the Company beginning in the first quarter of fiscal year 2018. Early adoption is not permitted. The Company is currently in the process of evaluating the impact of the adoption of these requirements on its consolidated financial statements.</font></font></p> <p align="left" style=" margin-top: 0; font-family : Arial;"><font style=" font-family: Arial;"><font style=" font-size: 11pt;">In April 2014, the FASB issued an update to current accounting standards, which will change the criteria for reporting discontinued operations. The amendments will also require new disclosures about discontinued operations and disposals of components of an entity that do not qualify for discontinued operations reporting. The amendments are effective for the Company for new disposals (or classifications as held for sale) of components of the Company, should they occur, beginning in the first quarter of fiscal year 2016. Early adoption is permitted for disposals (or classifications as held for sale) that have not been previously reported. The Company does not expect the adoption of the new standard to materially impact its reporting of Clorox Venezuela.</font></font></p> </div>
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CY2013Q2 us-gaap Derivative Liabilities Current
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CY2014Q2 us-gaap Accrued Royalties Current
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11000000 USD
CY2013Q2 us-gaap Accrued Royalties Current
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11000000 USD
CY2014Q2 us-gaap Other Accrued Liabilities Current
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84000000 USD
CY2013Q2 us-gaap Other Accrued Liabilities Current
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65000000 USD
CY2014 clx Short Term Debt Weighted Average Interest Rate During Period
ShortTermDebtWeightedAverageInterestRateDuringPeriod
0.0097 pure
CY2013 clx Short Term Debt Weighted Average Interest Rate During Period
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0.0168 pure
CY2012 clx Short Term Debt Weighted Average Interest Rate During Period
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0.0085 pure
CY2014Q2 us-gaap Long Term Debt
LongTermDebt
2170000000 USD
CY2013Q2 us-gaap Long Term Debt
LongTermDebt
2170000000 USD
CY2014 clx Weighted Average Interest Rates On Long Term Debt Including Effect Of Interest Rate Swaps
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0.0456 pure
CY2013 clx Weighted Average Interest Rates On Long Term Debt Including Effect Of Interest Rate Swaps
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CY2012 clx Weighted Average Interest Rates On Long Term Debt Including Effect Of Interest Rate Swaps
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0.0521 pure
CY2014Q2 us-gaap Longterm Debt Weighted Average Interest Rate
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0.0456 pure
CY2014Q2 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
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CY2013Q2 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
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1145000000 USD
CY2014Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
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575000000 USD
CY2014Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
300000000 USD
CY2014Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
400000000 USD
CY2014Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
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0 USD
CY2014Q2 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
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900000000 USD
CY2013Q2 us-gaap Longterm Debt Weighted Average Interest Rate
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0.0456 pure
CY2014Q2 clx Derivative Instruments Subject To Contractually Defined Counterparty Liability Position Limits
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11000000 USD
CY2013Q2 clx Derivative Instruments Subject To Contractually Defined Counterparty Liability Position Limits
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3000000 USD
CY2014 us-gaap Cash Flow Hedge Gain Loss To Be Reclassified Within Twelve Months
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8000000 USD
CY2014 us-gaap Derivative Instruments Gain Loss Recognized In Other Comprehensive Income Effective Portion Net
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CY2013 us-gaap Derivative Instruments Gain Loss Recognized In Other Comprehensive Income Effective Portion Net
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1000000 USD
CY2012 us-gaap Derivative Instruments Gain Loss Recognized In Other Comprehensive Income Effective Portion Net
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CY2013 us-gaap Derivative Instruments Gain Loss Reclassified From Accumulated Oci Into Income Effective Portion Net
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CY2012 us-gaap Derivative Instruments Gain Loss Reclassified From Accumulated Oci Into Income Effective Portion Net
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4000000 USD
CY2014Q2 us-gaap Long Term Debt Fair Value
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CY2013Q2 us-gaap Long Term Debt Fair Value
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2263000000 USD
CY2014 us-gaap Derivative Instruments Gain Loss Reclassified From Accumulated Oci Into Income Effective Portion Net
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0 USD
CY2012Q3 clx Range Of Nyse Market Price Of Entity Common Stock Low
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69.67
CY2014 us-gaap Trading Securities Unrealized Holding Gain Loss
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CY2014Q2 clx Venture Agreement Net Terminal Obligation
VentureAgreementNetTerminalObligation
290000000 USD
CY2013Q2 clx Venture Agreement Net Terminal Obligation
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284000000 USD
CY2014Q2 clx Employee Benefit Obligations Noncurrent
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289000000 USD
CY2013Q2 clx Employee Benefit Obligations Noncurrent
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270000000 USD
CY2014Q2 us-gaap Liability For Uncertain Tax Positions Noncurrent
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76000000 USD
CY2013Q2 us-gaap Liability For Uncertain Tax Positions Noncurrent
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74000000 USD
CY2014Q2 us-gaap Liabilities Other Than Longterm Debt Noncurrent
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113000000 USD
CY2013Q2 us-gaap Liabilities Other Than Longterm Debt Noncurrent
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114000000 USD
CY2014Q2 clx Maximum Percentage Of Noncontrolling Interest In Venture Agreement
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0.20 pure
CY2014 clx Venture Agreement Term
VentureAgreementTerm
P20Y
CY2014 clx Venture Agreement Renewal Option
VentureAgreementRenewalOption
P10Y
CY2012Q4 us-gaap Sale Leaseback Transaction Net Proceeds Investing Activities
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108000000 USD
CY2012Q4 clx Sale Leaseback Transaction Lease Term
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P15Y
CY2014Q2 clx Sale Leaseback Transaction Noncurrent Portion Of Deferred Gain
SaleLeasebackTransactionNoncurrentPortionOfDeferredGain
43000000 USD
CY2013Q2 clx Sale Leaseback Transaction Noncurrent Portion Of Deferred Gain
SaleLeasebackTransactionNoncurrentPortionOfDeferredGain
47000000 USD
CY2014Q2 us-gaap Letters Of Credit Outstanding Amount
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0 USD
CY2014 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
3046000 shares
CY2013 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
128000000 USD
CY2013 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
1500000 shares
CY2012 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
225000000 USD
CY2012 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
3419000 shares
CY2014 us-gaap Common Stock Dividends Per Share Declared
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2.87
CY2013 us-gaap Common Stock Dividends Per Share Declared
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2.63
CY2012 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
2.44
CY2014 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
2.84
CY2013Q2 clx Maximum Percentage Of Noncontrolling Interest In Venture Agreement
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0.20 pure
CY2014Q2 us-gaap Accrual For Environmental Loss Contingencies
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14000000 USD
CY2013Q2 us-gaap Accrual For Environmental Loss Contingencies
AccrualForEnvironmentalLossContingencies
13000000 USD
CY2014 clx Site Contingency Agreed Percentage Of Cost Sharing
SiteContingencyAgreedPercentageOfCostSharing
0.243 pure
CY2008Q1 us-gaap Loss Contingency Damages Awarded Value
LossContingencyDamagesAwardedValue
23000000 BRL
CY2008Q1 us-gaap Loss Contingency Damages Awarded Value
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13000000 USD
CY2014Q2 clx Current Value Of Judgment
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39000000 USD
CY2014 us-gaap Other Comprehensive Income Loss Net Of Tax
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CY2014Q2 us-gaap Loss Contingency Range Of Possible Loss Minimum
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0 USD
CY2014Q2 us-gaap Loss Contingency Range Of Possible Loss Maximum
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33000000 USD
CY2014Q2 clx Letter Of Credit Borrowing Capacity
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12000000 USD
CY2014 clx Remediation Period
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P30Y
CY2014 us-gaap Stock Repurchased During Period Value
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260000000 USD
CY2013 us-gaap Common Stock Dividends Per Share Cash Paid
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2.56
CY2012 us-gaap Common Stock Dividends Per Share Cash Paid
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2.40
CY2012Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
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CY2013 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
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20000000 USD
CY2013 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
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CY2013 us-gaap Other Comprehensive Income Loss Net Of Tax
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29000000 USD
CY2014 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
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CY2014 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
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-5000000 USD
CY2014 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
2184000 shares
CY2013 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1894000 shares
CY2012 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1458000 shares
CY2012 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1800000 shares
CY2014 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0 shares
CY2013 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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0 shares
CY2014Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
6000000 shares
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
6.96
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
9.24
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
42000000 USD
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
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45000000 USD
CY2014 clx Deferred Stock Units For Nonemployee Directors Distributed Weighted Average Fair Value On Grant Date
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66.79
CY2014Q2 clx Deferred Stock Units For Nonemployee Directors Outstanding
DeferredStockUnitsForNonemployeeDirectorsOutstanding
233000 shares
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
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29000000 USD
CY2014Q2 clx Deferred Stock Units For Nonemployee Directors Outstanding Weighted Average Fair Value On Grant Date
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62.84 shares
CY2013 clx Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate In One Year Maximum
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0.036 pure
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Weighted Average Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsWeightedAverageVolatilityRate
0.185 pure
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Weighted Average Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsWeightedAverageVolatilityRate
0.191 pure
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Weighted Average Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsWeightedAverageVolatilityRate
0.235 pure
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMinimum
0.018 pure
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMaximum
0.019 pure
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMinimum
0.006 pure
CY2014 clx Deferred Stock Units For Nonemployee Directors Granted
DeferredStockUnitsForNonemployeeDirectorsGranted
16000 shares
CY2014 clx Deferred Stock Units For Nonemployee Directors Reinvested Dividends
DeferredStockUnitsForNonemployeeDirectorsReinvestedDividends
7000 shares
CY2014 clx Deferred Stock Units For Nonemployee Directors Distributed
DeferredStockUnitsForNonemployeeDirectorsDistributed
23000 shares
CY2014 clx Deferred Stock Units For Nonemployee Directors Granted Weighted Average Fair Value On Grant Date
DeferredStockUnitsForNonemployeeDirectorsGrantedWeightedAverageFairValueOnGrantDate
91.79
CY2014 clx Deferred Stock Units For Nonemployee Directors Reinvested Weighted Average Fair Value On Grant Date
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88.96
CY2012 clx Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate In One Year Maximum
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0.038 pure
CY2014 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
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13000000 USD
CY2013 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
13000000 USD
CY2012 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
10000000 USD
CY2014 us-gaap Employee Service Share Based Compensation Cash Received From Exercise Of Stock Options
EmployeeServiceShareBasedCompensationCashReceivedFromExerciseOfStockOptions
86000000 USD
CY2013 us-gaap Employee Service Share Based Compensation Cash Received From Exercise Of Stock Options
EmployeeServiceShareBasedCompensationCashReceivedFromExerciseOfStockOptions
121000000 USD
CY2012 us-gaap Employee Service Share Based Compensation Cash Received From Exercise Of Stock Options
EmployeeServiceShareBasedCompensationCashReceivedFromExerciseOfStockOptions
79000000 USD
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMinimum
0.184 pure
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMaximum
0.185 pure
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMinimum
0.187 pure
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMaximum
0.192 pure
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMinimum
0.219 pure
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Maximum
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CY2012 clx Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate In One Year Minimum
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0.035 pure
CY2014 clx Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Weighted Average Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsWeightedAverageExpectedDividendRate
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CY2013 clx Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Weighted Average Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsWeightedAverageExpectedDividendRate
0.036 pure
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
234000 shares
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
75
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMaximum
0.008 pure
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMinimum
0.009 pure
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMaximum
0.011 pure
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.018 pure
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.007 pure
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
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CY2014 clx Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate In One Year Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRateInOneYearMinimum
0.034 pure
CY2013 clx Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate In One Year Minimum
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CY2012 clx Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Weighted Average Expected Dividend Rate
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0.035 pure
CY2013Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
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CY2013Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
65
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Additional Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfAdditionalSharesAuthorized
3000000 shares
CY2013Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
184000000 USD
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
1795000 shares
CY2014 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
84
CY2014 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
1450000 shares
CY2014 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
60
CY2014Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
10368000 shares
CY2014Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
69
CY2014Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
7000000 shares
CY2014Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
232000000 USD
CY2014Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
5772000 shares
CY2014Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
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64
CY2014Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
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159000000 USD
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
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9.69
CY2014 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P6Y
CY2014 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P5Y
CY2013 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P7Y
CY2014 clx Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term Minimum
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P5Y8M12D
CY2014 clx Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term Maximum
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P5Y8M12D
CY2012 clx Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term Minimum
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P4Y10M24D
CY2014 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P5Y8M12D
CY2013 clx Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term Minimum
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTermMinimum
P5Y8M12D
CY2013 clx Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term Maximum
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTermMaximum
P5Y8M12D
CY2013 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P5Y8M12D
CY2012 clx Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term Maximum
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P5Y8M12D
CY2012 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P5Y8M12D
CY2014 clx Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate In One Year Maximum
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0.034 pure
CY2014 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
71000000 USD
CY2013 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
71000000 USD
CY2012 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
68000000 USD
CY2014Q2 us-gaap Operating Leases Future Minimum Payments Due Current
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47000000 USD
CY2014Q2 us-gaap Operating Leases Future Minimum Payments Due In Two Years
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45000000 USD
CY2014Q2 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
41000000 USD
CY2014Q2 us-gaap Operating Leases Future Minimum Payments Due In Four Years
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37000000 USD
CY2014Q2 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
32000000 USD
CY2014Q2 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
127000000 USD
CY2014Q2 us-gaap Unrecorded Unconditional Purchase Obligation Balance On First Anniversary
UnrecordedUnconditionalPurchaseObligationBalanceOnFirstAnniversary
246000000 USD
CY2014Q2 us-gaap Unrecorded Unconditional Purchase Obligation Balance On Second Anniversary
UnrecordedUnconditionalPurchaseObligationBalanceOnSecondAnniversary
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CY2014Q2 us-gaap Unrecorded Unconditional Purchase Obligation Balance On Third Anniversary
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CY2012 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2013 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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CY2012 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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CY2013 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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CY2012 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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CY2013 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
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IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.01
CY2012Q4 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
-0.01
CY2013Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
-0.01
CY2012Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.02
CY2012Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.94
CY2013Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.01
CY2013Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.39
CY2012Q3 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
132000000 USD
CY2012Q4 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
124000000 USD
CY2013Q1 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
135000000 USD
CY2013Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
-2000000 USD
CY2013Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
1000000 USD
CY2012Q3 us-gaap Net Income Loss
NetIncomeLoss
133000000 USD
CY2012Q4 us-gaap Net Income Loss
NetIncomeLoss
123000000 USD
CY2013Q1 us-gaap Net Income Loss
NetIncomeLoss
133000000 USD
CY2013Q2 us-gaap Net Income Loss
NetIncomeLoss
183000000 USD
CY2012Q3 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
1.01
CY2012Q4 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.95
CY2013Q1 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
1.02
CY2012Q3 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
1.00
CY2012Q4 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.94
CY2013Q1 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
1.01
CY2013Q2 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
1.37
CY2012Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.01
CY2012Q4 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
-0.01
CY2013Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
-0.01
CY2012Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.01
CY2012Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.93
CY2013Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.00
CY2013Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.37
CY2012Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.64
CY2012Q4 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.64
CY2013Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.64
CY2013Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.71
CY2012Q3 clx Range Of Nyse Market Price Of Entity Common Stock High
RangeOfNyseMarketPriceOfEntityCommonStockHigh
73.65
CY2012Q4 clx Range Of Nyse Market Price Of Entity Common Stock High
RangeOfNyseMarketPriceOfEntityCommonStockHigh
76.74
CY2013Q1 clx Range Of Nyse Market Price Of Entity Common Stock High
RangeOfNyseMarketPriceOfEntityCommonStockHigh
88.63
CY2013Q2 clx Range Of Nyse Market Price Of Entity Common Stock High
RangeOfNyseMarketPriceOfEntityCommonStockHigh
90.10
CY2013 clx Range Of Nyse Market Price Of Entity Common Stock High
RangeOfNyseMarketPriceOfEntityCommonStockHigh
90.10
CY2012Q4 clx Range Of Nyse Market Price Of Entity Common Stock Low
RangeOfNyseMarketPriceOfEntityCommonStockLow
71.00
CY2013Q1 clx Range Of Nyse Market Price Of Entity Common Stock Low
RangeOfNyseMarketPriceOfEntityCommonStockLow
73.50
CY2013Q2 clx Range Of Nyse Market Price Of Entity Common Stock Low
RangeOfNyseMarketPriceOfEntityCommonStockLow
81.12
CY2013 clx Range Of Nyse Market Price Of Entity Common Stock Low
RangeOfNyseMarketPriceOfEntityCommonStockLow
69.67
CY2013Q2 clx Nyse Market Price Of Entity Common Stock Period End
NyseMarketPriceOfEntityCommonStockPeriodEnd
83.14
CY2013Q3 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
1343000000 USD
CY2013Q4 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
1308000000 USD
CY2014Q1 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
1366000000 USD
CY2014Q2 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
1497000000 USD
CY2014 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
5514000000 USD
CY2013Q3 us-gaap Cost Of Goods Sold
CostOfGoodsSold
759000000 USD
CY2013Q4 us-gaap Cost Of Goods Sold
CostOfGoodsSold
753000000 USD
CY2014Q1 us-gaap Cost Of Goods Sold
CostOfGoodsSold
791000000 USD
CY2014Q2 us-gaap Cost Of Goods Sold
CostOfGoodsSold
855000000 USD
CY2013Q3 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
139000000 USD
CY2013Q4 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
118000000 USD
CY2014Q1 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
151000000 USD
CY2014Q2 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
171000000 USD
CY2013Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
-3000000 USD
CY2013Q4 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
-3000000 USD
CY2014Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
-14000000 USD
CY2014Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
-1000000 USD
CY2013Q3 us-gaap Net Income Loss
NetIncomeLoss
136000000 USD
CY2013Q4 us-gaap Net Income Loss
NetIncomeLoss
115000000 USD
CY2014Q1 us-gaap Net Income Loss
NetIncomeLoss
137000000 USD
CY2014Q2 us-gaap Net Income Loss
NetIncomeLoss
170000000 USD
CY2014Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.00
CY2013Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.00
CY2013Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.00
CY2014 dei Entity Registrant Name
EntityRegistrantName
CLOROX CO /DE/
CY2014 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2014 dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
CY2014 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2014
CY2014 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2014 dei Entity Central Index Key
EntityCentralIndexKey
0000021076
CY2014 dei Document Type
DocumentType
8-K
CY2014 dei Document Period End Date
DocumentPeriodEndDate
2014-06-30
CY2014 dei Amendment Flag
AmendmentFlag
false
CY2014 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--06-30
CY2014 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
Yes
CY2014 dei Entity Voluntary Filers
EntityVoluntaryFilers
No

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