v3.26.1
BUSINESS ACQUIRED (Tables)
 12 Months Ended
Jun. 30, 2026
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]  
Schedule of Preliminary Fair Values of Assets Acquired and Liabilities Assumed
The following table summarizes the preliminary fair values of the assets acquired and liabilities assumed as of the acquisition date.

Initial Allocation
Assets acquired:
Cash and cash equivalents
$44 
Receivables, net
113 
Inventories, net
183 
Prepaid expenses and other current assets
13 
Property, plant and equipment, net
259 
Operating lease right-of-use-assets
6 
Goodwill
717 
Trademarks, net
487 
Other intangible assets, net
569 
Other assets (non-current)43 
Total assets acquired
$2,434 
Liabilities assumed:
Accounts payable and accrued liabilities
$227 
Current operating lease liabilities
3 
Income taxes payable2 
Current maturities of long-term debt2 
Long-term debt
6 
Long-term operating lease liabilities
2 
Other liabilities (non-current)42 
Total liabilities assumed$284 
Less: Noncontrolling interests(3)
Purchase consideration$2,147 
Schedule of Supplemental Unaudited Pro Forma Information
The following supplemental unaudited pro forma information gives effect to the GOJO acquisition as though it had occurred on July 1, 2024. The pro forma information reflects certain adjustments to net earnings to conform to this hypothetical acquisition date. Adjustments, which are directly attributable to the acquisition and factually supportable, include, but are not limited to:
•Excluded charges of $29 recognized in cost of products sold from fiscal year 2026, and added $39 of such charges to fiscal year 2025, representing expense recognition of inventory fair value adjustments in excess of the historical cost basis;
•Added interest expense of $81 and $113 to fiscal years 2026 and 2025, respectively, related to debt incurred to fund the acquisition assuming no deleveraging;
•Excluded transaction costs of $29 primarily recognized in selling and administrative expenses from fiscal year 2026 and added $22 of such costs to fiscal year 2025 to reflect the hypothetical timing of the pro forma acquisition date;
•Applied an effective tax rate of approximately 24% to the net impact of all adjustments in both fiscal years 2026 and 2025.
Pro Forma (unaudited)
20262025
Net sales$7,331 $7,882 
Net earnings attributable to Clorox625 715