The Clorox Company (CLX) 10-K 14 Aug 18 2018 FY Annual report Financial data

DOCUMENT AND ENTITY INFORMATION

DOCUMENT AND ENTITY INFORMATION - USD ($) $ in Billions	12 Months Ended
	Jun. 30, 2018	Jul. 27, 2018	Dec. 29, 2017
Document And Entity Information
Document Type	10-K
Amendment Flag	false
Document Period End Date	Jun. 30, 2018
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	FY
Entity Registrant Name	CLOROX CO /DE/
Entity Central Index Key	21,076
Current Fiscal Year End Date	--06-30
Entity Filer Category	Large Accelerated Filer
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Public Float			$ 19.2
Entity Common Stock, Shares Outstanding		128,085,895

CONSOLIDATED STATEMENT OF EARNI

CONSOLIDATED STATEMENT OF EARNINGS - USD ($) shares in Thousands, $ in Millions	12 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2016
Income Statement [Abstract]
Net sales	$ 6,124	$ 5,973	$ 5,761
Cost of products sold	3,449	3,302	3,163
Gross profit	2,675	2,671	2,598
Selling and administrative expenses	837	810	806
Advertising costs	570	599	587
Research and development costs	132	135	141
Interest expense	85	88	88
Other (income) expense, net	(3)	6	(7)
Earnings from continuing operations before income taxes	1,054	1,033	983
Income taxes on continuing operations	231	330	335
Earnings from continuing operations	823	703	648
Losses from discontinued operations, net of tax	0	(2)	0
Net earnings	$ 823	$ 701	$ 648
Basic
Basic continuing operations (in dollars per share)	$ 6.37	$ 5.45	$ 5.01
Basic discontinued operations (in dollars per share)	0	(0.02)	0
Basic net earnings per share (in dollars per share)	6.37	5.43	5.01
Diluted
Diluted continuing operations (in dollars per share)	6.26	5.35	4.92
Diluted discontinued operations (in dollars per share)	0	(0.02)	0
Diluted net earnings per share (in dollars per share)	$ 6.26	$ 5.33	$ 4.92
Weighted Average Number of Shares Outstanding, Diluted [Abstract]
Weighted average shares outstanding - basic (in shares)	129,293	128,953	129,472
Weighted average shares outstanding - diluted (in shares)	131,581	131,566	131,717

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Millions	12 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2016
Statement of Comprehensive Income [Abstract]
Earnings from continuing operations	$ 823	$ 703	$ 648
Losses from discontinued operations, net of tax	0	(2)	0
Net earnings	823	701	648
Other comprehensive income (losses):
Foreign currency adjustments, net of tax	(28)	(3)	(53)
Net unrealized gains (losses) on derivatives, net of tax	12	7	9
Pension and postretirement benefit adjustments, net of tax	12	23	(24)
Total other comprehensive income (losses), net of tax	(4)	27	(68)
Comprehensive income	$ 819	$ 728	$ 580

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Jun. 30, 2018	Jun. 30, 2017
Current assets
Cash and cash equivalents	$ 131	$ 418
Receivables, net	600	565
Inventories, net	506	459
Prepaid expenses and other current assets	74	72
Total current assets	1,311	1,514
Property, plant and equipment, net	996	931
Goodwill	1,602	1,196
Trademarks, net	795	654
Other intangible assets, net	134	68
Other assets	222	210
Total assets	5,060	4,573
Current liabilities
Notes and loans payable	199	404
Current maturities of long-term debt	0	400
Accounts payable and accrued liabilities	1,001	1,005
Total current liabilities	1,200	1,809
Long-term debt	2,284	1,391
Other liabilities	778	770
Deferred income taxes	72	61
Total liabilities	4,334	4,031
Commitments and contingencies
Stockholders’ equity
Preferred stock: $1.00 par value; 5,000,000 shares authorized; none issued or outstanding	0	0
Common stock: $1.00 par value; 750,000,000 shares authorized; 158,741,461 shares issued as of June 30, 2018 and 2017; and 127,982,767 and 129,014,172 shares outstanding as of June 30, 2018 and 2017, respectively	159	159
Additional paid-in capital	975	928
Retained earnings	2,797	2,440
Treasury shares, at cost: 30,758,694 and 29,727,289 shares as of June 30, 2018 and 2017, respectively	(2,658)	(2,442)
Accumulated other comprehensive net (losses) income	(547)	(543)
Stockholders’ equity	726	542
Total liabilities and stockholders’ equity	$ 5,060	$ 4,573

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Jun. 30, 2018	Jun. 30, 2017
Statement of Financial Position [Abstract]
Preferred stock, par value (in dollars per share)	$ 1	$ 1
Preferred stock, shares authorized (in shares)	5,000,000	5,000,000
Preferred stock, shares issued (in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0
Common stock, par value (in dollars per share)	$ 1	$ 1
Common stock, shares authorized (in shares)	750,000,000	750,000,000
Common stock, shares issued (in shares)	158,741,461	158,741,461
Common stock, shares outstanding (in shares)	127,982,767	129,014,172
Treasury stock, shares (in shares)	30,758,694	29,727,289

CONSOLIDATED STATEMENTS OF STOC

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($) shares in Thousands, $ in Millions	Total	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Treasury Shares [Member]	AOCI Attributable to Parent [Member]
Balance, amount at Jun. 30, 2015	$ 118	$ 159	$ 775	$ 1,923	$ (2,237)	$ (502)
Balance, shares (in shares) at Jun. 30, 2015		158,741			(30,127)
Net earnings	648			648
Other comprehensive income (loss)	(68)					(68)
Accrued dividends	(406)			(406)
Stock-based compensation	45		45
Other employee stock plan activities, amount	214		48	(2)	$ 168
Other employee stock plan activities, shares					2,892
Treasury stock purchased, amount	(254)				$ (254)
Treasury stock purchased, shares					(2,151)
Balance, amount at Jun. 30, 2016	297	$ 159	868	2,163	$ (2,323)	(570)
Balance, shares (in shares) at Jun. 30, 2016		158,741			(29,386)
Net earnings	701			701
Other comprehensive income (loss)	27					27
Accrued dividends	(421)			(421)
Stock-based compensation	51		51
Other employee stock plan activities, amount	76		9	(3)	$ 70
Other employee stock plan activities, shares					1,164
Treasury stock purchased, amount	(189)				$ (189)
Treasury stock purchased, shares					(1,505)
Balance, amount at Jun. 30, 2017	542	$ 159	928	2,440	$ (2,442)	(543)
Balance, shares (in shares) at Jun. 30, 2017		158,741			(29,727)
Net earnings	823			823
Other comprehensive income (loss)	(4)					(4)
Accrued dividends	(467)			(467)
Stock-based compensation	53		53
Other employee stock plan activities, amount	51		(6)	1	$ 56
Other employee stock plan activities, shares					1,139
Treasury stock purchased, amount	(272)				$ (272)
Treasury stock purchased, shares					(2,171)
Balance, amount at Jun. 30, 2018	$ 726	$ 159	$ 975	$ 2,797	$ (2,658)	$ (547)
Balance, shares (in shares) at Jun. 30, 2018		158,741			(30,759)

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS	12 Months Ended
	Jun. 30, 2018USD ($)	Jun. 30, 2017USD ($)	Jun. 30, 2016USD ($)
Operating activities:
Net earnings	$ 823,000,000	$ 701,000,000	$ 648,000,000
Deduct: Losses from discontinued operations, net of tax	0	(2,000,000)	0
Earnings from continuing operations	823,000,000	703,000,000	648,000,000
Adjustments to reconcile earnings from continuing operations to net cash provided by continuing operations:
Depreciation and amortization	166,000,000	163,000,000	165,000,000
Stock-based compensation	53,000,000	51,000,000	45,000,000
Deferred income taxes	(23,000,000)	(35,000,000)	5,000,000
Settlement of interest rate forward contracts	0	0
Other	43,000,000	36,000,000	1,000,000
Changes in:
Receivables, net	(24,000,000)	(1,000,000)	(52,000,000)
Inventories, net	(21,000,000)	(19,000,000)	(45,000,000)
Prepaid expenses and other current assets	3,000,000	(5,000,000)	6,000,000
Accounts payable and accrued liabilities	(47,000,000)	(34,000,000)	57,000,000
Income taxes payable	1,000,000	12,000,000	(62,000,000)
Net cash provided by continuing operations	974,000,000	871,000,000	768,000,000
Net cash (used for) provided by discontinued operations	0	(3,000,000)	10,000,000
Net cash provided by operations	974,000,000	868,000,000	778,000,000
Investing activities:
Capital expenditures	(194,000,000)	(231,000,000)	(172,000,000)
Businesses acquired, net of cash acquired	(681,000,000)	0	(290,000,000)
Other	16,000,000	26,000,000	32,000,000
Net cash used for investing activities	(859,000,000)	(205,000,000)	(430,000,000)
Financing activities:
Notes and loans payable, net	(214,000,000)	(125,000,000)
Notes and loans payable, net			426,000,000
Long-term debt borrowings, net of issuance costs	891,000,000	0	0
Long-term debt repayments	(400,000,000)	0	(300,000,000)
Treasury stock purchased	(271,000,000)	(183,000,000)	(254,000,000)
Cash dividends paid	(450,000,000)	(412,000,000)	(398,000,000)
Issuance of common stock for employee stock plans and other	45,000,000	75,000,000	210,000,000
Net cash used for financing activities	(399,000,000)	(645,000,000)	(316,000,000)
Effect of exchange rate changes on cash and cash equivalents	(3,000,000)	(1,000,000)	(13,000,000)
Net increase (decrease) in cash and cash equivalents	(287,000,000)	17,000,000	19,000,000
Cash and cash equivalents:
Beginning of year	418,000,000	401,000,000	382,000,000
End of year	131,000,000	418,000,000	401,000,000
Supplemental cash flow information:
Interest paid	75,000,000	78,000,000	79,000,000
Income taxes paid, net of refunds	245,000,000	347,000,000	323,000,000
Non-cash financing activities:
Cash dividends declared and accrued, but not paid	$ 123,000,000	$ 108,000,000	$ 104,000,000

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Jun. 30, 2018
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Nature of Operations and Basis of Presentation The Company is principally engaged in the production, marketing and sales of consumer products through mass retailers, grocery outlets, warehouse clubs, dollar stores, home hardware centers, e-commerce channels, military stores and distributors. The consolidated financial statements include the statements of the Company and its wholly owned and controlled subsidiaries. All significant intercompany transactions and accounts were eliminated in consolidation. Certain prior year reclassifications were made in the consolidated financial statements and related notes to the consolidated financial statements to conform to the current year presentation. Use of Estimates The preparation of these consolidated financial statements in conformity with generally accepted accounting principles in the United States of America (U.S. GAAP) requires management to reach opinions as to estimates and assumptions that affect reported amounts and related disclosures. Specific areas requiring the application of management’s estimates and judgments include, among others, assumptions pertaining to accruals for consumer and trade-promotion programs, stock-based compensation, retirement income plans, future cash flows associated with impairment testing of goodwill and other long-lived assets and the valuation of the venture agreement terminal obligation, valuation of assets acquired and liabilities assumed in connection with a business combination, 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. Cash and Cash Equivalents Cash equivalents consist of highly liquid interest-bearing accounts, time deposits held by financial institutions and money market funds with an initial maturity at purchase of three months or less. The fair value of cash and cash equivalents approximates the carrying amount. The Company’s cash position includes amounts held by foreign subsidiaries and, as a result, the repatriation of certain cash balances from some of the Company’s foreign subsidiaries could result in additional withholding tax costs in certain foreign jurisdictions. However, these cash balances are generally available without legal restriction to fund local business operations. In addition, a portion of the Company’s cash balance is held in U.S. dollars by foreign subsidiaries, whose functional currency is their local currency. Such U.S. dollar balances are reported on the foreign subsidiaries’ books in their functional currency, and the impact on such balances from foreign currency exchange rate differences is recorded in Other (income) expense, net. As of June 30, 2018 and 2017 , the Company had $3 and $2 of restricted cash, respectively, which was primarily related to a cash margin deposit held for exchange-traded futures contracts. The restricted cash was included in Prepaid expenses and other current assets and Other assets as of June 30, 2018 and 2017 . Inventories The Company values its inventories using both the First-In, First-Out ("FIFO") and the Last-In, First-Out ("LIFO") methods. The FIFO inventory is stated at the lower of cost or net realizable value, which includes any costs to sell or dispose. In addition, appropriate consideration is given to obsolescence, excessive inventory levels, product deterioration and other factors in evaluating net realizable value. The LIFO inventory is stated at the lower of cost or market. Property, Plant and Equipment and Finite-Lived Intangible Assets Property, plant and equipment and finite-lived intangible assets are stated at cost. Depreciation and amortization expense are primarily calculated by the straight-line method using the estimated useful lives or lives determined by lease contracts for the related assets. The table below provides estimated useful lives of property, plant and equipment by asset classification. Estimated Useful Lives Buildings and leasehold improvements 7 - 40 years Land improvements 10 - 30 years Machinery and equipment 3 - 15 years Computer equipment 3 - 5 years Capitalized software costs 3 - 7 years Property, plant and equipment and finite-lived intangible assets are reviewed for impairment whenever events or changes in circumstances occur that indicate that the carrying amount of an asset (or asset group) may not be fully recoverable. The risk of impairment is initially assessed based on an estimate of the undiscounted cash flows at the lowest level for which identifiable cash flows exist. Impairment occurs when the carrying value of the asset exceeds the estimated future undiscounted cash flows generated by the asset. When impairment is indicated, an impairment charge is recorded for the difference between the carrying value of the asset and its estimated fair market value. Depending on the asset, estimated fair market value may be determined either by use of a discounted cash flow model or by reference to estimated selling values of assets in similar condition. Capitalization of Software Costs The Company capitalizes certain qualifying costs incurred in the acquisition and development of software for internal use, including the costs of the software, materials, consultants, interest and payroll and payroll-related costs for employees during the application development stage. Internal and external costs incurred during the preliminary project stage and post implementation-operation stage, mainly training and maintenance costs, are expensed as incurred. Once the application is substantially complete and ready for its intended use, qualifying costs are amortized on a straight-line basis over the software’s estimated useful life. Impairment Review of Goodwill and Indefinite-Lived Intangible Assets The Company tests its goodwill, trademarks with indefinite lives and other indefinite-lived intangible assets annually for impairment in the fiscal fourth quarter unless there are indications during a different interim period that these assets may have become impaired. With respect to goodwill, the Company has the option to first assess qualitative factors such as the maturity and stability of the reporting unit, the magnitude of the excess fair value over carrying value from the prior year’s impairment testing, other reporting unit specific operating results as well as new events and circumstances impacting the operations at the reporting unit level. If the result of a qualitative test indicates a potential for impairment of a reporting unit, a quantitative test is performed. The quantitative test is a two-step process. In the first step, the Company compares the estimated fair value of the reporting unit to its carrying value. In all instances, the estimated fair value exceeded the carrying value of the reporting unit. Had the estimated fair value of any reporting unit been less than its carrying value, the Company would have performed a second step to determine the implied fair value of the reporting unit’s goodwill. If the carrying amount of a reporting unit’s goodwill had exceeded its implied fair value, an impairment charge would have been recorded for the difference between the carrying amount and the implied fair value of the reporting unit’s goodwill. To determine the fair value of a reporting unit as part of its quantitative test, the Company uses a discounted cash flow (DCF) method under the income approach, as it believes that this approach is the most reliable indicator of the fair value of its businesses and the fair value of their future earnings and cash flows. Under this approach, which requires significant judgments, the Company estimates the future cash flows of each reporting unit and discounts these cash flows at a rate of return that reflects their relative risk. The cash flows used in the DCF method are consistent with those the Company uses in its internal planning, which gives consideration to actual business trends experienced, and the broader business strategy for the long term. The other key estimates and factors used in the DCF method include, but are not limited to, future volumes, net sales and expense growth rates, commodity prices, changes in working capital, foreign exchange rates, inflation and a perpetuity growth rate. Changes in such estimates or the application of alternative assumptions could produce different results. For trademarks and other intangible assets with indefinite lives, the Company performs a quantitative analysis to test for impairment. When a quantitative test is performed, the estimated fair value of an asset is compared to its carrying amount. If the carrying amount of such asset exceeds its estimated fair value, an impairment charge is recorded for the difference between the carrying amount and the estimated fair value. The Company uses the income approach to estimate the fair value of its trademarks and other intangible assets with indefinite lives. This approach requires significant judgments in determining both the assets’ estimated cash flows as well as the appropriate discount and foreign exchange rates applied to those cash flows to determine fair value. Changes in such estimates or the use of alternative assumptions could produce different results. Stock-based Compensation The Company grants various nonqualified stock-based compensation awards to eligible employees, including stock options, restricted stock and performance shares. For stock options, the Company estimates the fair value of each award on the date of grant using the Black-Scholes valuation model, which requires management to make estimates regarding expected option life, stock price volatility and other assumptions. Groups of employees that have similar historical exercise behavior are considered separately for valuation purposes. The Company estimates stock option forfeitures based on historical data for each employee grouping. The total number of stock options expected to vest is adjusted by actual and estimated forfeitures. Changes to the actual and estimated forfeitures will result in a cumulative adjustment in the period of change. Compensation expense is recorded by amortizing the grant date fair values on a straight-line basis over the vesting period, adjusted for estimated forfeitures. The Company’s performance shares provide for the issuance of common stock to certain managerial staff and executive management if the Company achieves specified performance targets. The number of shares issued is dependent upon the achievement of specified performance targets. The performance period is three years and the payout determination is made at the end of the three -year performance period. Performance shares receive dividends earned during the vesting period upon vesting. The fair value of each grant issued is estimated on the date of grant based on the current market price of the stock. The total amount of compensation expense recognized reflects estimated forfeiture rates and management's assessment of the probability that performance goals will be achieved. A cumulative adjustment is recognized to compensation expense in the current period to reflect any changes in the probability of achievement of performance goals. Cash flows resulting from tax deductions in excess of the cumulative compensation cost recognized for stock-based payment arrangements (excess tax benefits) are primarily classified as operating cash inflows. Employee Benefits The Company accounts for its retirement income and retirement health care plans using actuarial methods . These methods use an attribution approach that generally spreads “plan events” over the service lives or expected lifetime (for frozen plans) of plan participants. Examples of plan events are plan amendments and changes in actuarial assumptions such as the expected return on plan assets, discount rate, rate of compensation increase and certain employee-related factors, such as retirement age and mortality. The principle underlying the attribution approach is that employees render service over their employment period on a relatively “smooth” basis and, therefore, the statement of earnings effects of retirement income and retirement health care plans are recognized in the same pattern. One of the principal assumptions used in the net periodic benefit cost calculation is the expected return on plan assets. The expected return on plan assets may result in recognized expense or income that differs from the actual returns of those plan assets in any given year. Over time, however, the goal is for the expected long-term returns to approximate the actual returns and, therefore, the expectation is that the pattern of income and expense recognition should closely match the pattern of the services provided by the participants. The Company uses a market-related value method for calculating plan assets for purposes of determining the amortization of actuarial gains and losses. The differences between actual and expected returns are recognized in the net periodic benefit cost calculation over the average remaining service period or expected lifetime (for frozen plans) of the plan participants using the corridor approach. Under this approach, only actuarial gains (losses) that exceed 5% of the greater of the projected benefit obligation or the market-related value of assets are amortized to the Company's net periodic benefit cost. In developing its expected return on plan assets, the Company considers the long-term actual returns relative to the mix of investments that comprise its plan assets and also develops estimates of future investment returns by considering external sources. The Company recognizes an actuarial-based obligation at the onset of disability for certain benefits provided to individuals after employment, but before retirement, that include medical, dental, vision, life and other benefits. Environmental Costs The Company is involved in certain environmental remediation and ongoing compliance activities. Accruals for environmental matters are recorded on a site-by-site basis when it is probable that a liability has been incurred and based upon a reasonable estimate of the liability. The Company’s accruals reflect the anticipated participation of other potentially responsible parties in those instances where it is probable that such parties are legally responsible and financially capable of paying their respective shares of the relevant costs. These accruals are adjusted periodically as assessment and remediation efforts progress or as additional technical or legal information becomes available. Actual costs to be incurred at identified sites in future periods may vary from the estimates, given the inherent uncertainties in evaluating environmental exposures. The accrual for environmental matters is included in Accounts payable and accrued liabilities and Other liabilities in the Company’s consolidated balance sheets on an undiscounted basis due to uncertainty regarding the timing of future payments. Revenue Recognition Sales are recognized as revenue when the risk of loss and title pass to the customer and when all of the following have occurred: a firm sales arrangement exists, pricing is fixed or determinable and collection is reasonably assured. Sales are recorded net of allowances for trade promotions, coupons, returns and other discounts. The Company routinely commits to one-time or ongoing trade-promotion programs with customers and consumer coupon programs that require the Company to estimate and accrue the expected costs of such programs. Programs include shelf price reductions, end-of-aisle or in-store displays of the Company’s products and graphics and other trade-promotion activities conducted by the customer. Coupons are recognized as a liability when distributed based upon expected consumer redemptions. The Company maintains liabilities related to these programs for the estimated expenses incurred, but not paid, at the end of each period. The Company provides an allowance for doubtful accounts based on its historical experience and ongoing assessment of its customers’ credit risk and aging. Receivables were presented net of an allowance for doubtful accounts of $7 and $3 as of June 30, 2018 and 2017 , respectively. Receivables, net, included non-customer receivables of $10 and $3 as of June 30, 2018 and 2017 , respectively. Cost of Products Sold Cost of products sold represents the costs directly related to the manufacture and distribution of the Company’s products and primarily includes raw materials, packaging, contract manufacturing fees, shipping and handling, warehousing, package design, depreciation, amortization, direct and indirect labor and operating costs for the Company’s manufacturing and distribution facilities, including salary, benefit costs and incentive compensation, and royalties and other charges related to the Company’s Glad ® Venture Agreement (See Note 9). Costs associated with developing and designing new packaging, including design, artwork, films and labeling, are expensed as incurred and included within Cost of products sold. Selling and Administrative Expenses Selling and administrative expenses represent costs incurred by the Company in generating revenues and managing the business and include market research, commissions and certain administrative expenses. Administrative expenses include salary, benefits, incentive compensation, professional fees and services and other operating costs associated with the Company’s non-manufacturing, non-research and development staff, facilities and equipment, and all software and licensing fees. Advertising and Research and Development Costs The Company expenses advertising and research and development costs in the period incurred. Income Taxes The Company uses the asset and liability method to account for income taxes. Deferred tax assets and liabilities are recognized for the anticipated future tax consequences attributable to differences between financial statement amounts and their respective tax basis. Management reviews the Company’s deferred tax assets to determine whether their value can be realized based upon available evidence. A valuation allowance is established when management believes that it is more likely than not that some portion of its deferred tax assets will not be realized. Changes in valuation allowances from period to period are included in the Company’s income tax provision in the period of change. In addition to valuation allowances, the Company provides for uncertain tax positions when such tax positions do not meet certain recognition thresholds or measurement standards. Amounts for uncertain tax positions are adjusted in quarters when new information becomes available or when positions are effectively settled. Per U.S. GAAP, foreign withholding taxes are provided on unremitted foreign earnings that are not indefinitely reinvested at the time the earnings are generated. The Company regularly reviews and assesses whether there are any changes to its indefinite reinvestment assertion. Through the second quarter of fiscal year 2018, the Company had determined that the undistributed earnings of a number of its foreign subsidiaries were indefinitely reinvested. In December 2017, The Tax Cuts and Jobs Act (the Tax Act) was passed into law, which significantly reduced the cost of U.S. repatriation. In the third quarter of fiscal year 2018, the Company concluded an analysis wherein it determined that none of the undistributed earnings of its foreign subsidiaries were indefinitely reinvested. As a result, the Company is providing foreign withholding taxes on the undistributed earnings of all foreign subsidiaries where applicable. Foreign Currency Transactions and Translation Local currencies are the functional currencies for substantially all of the Company’s foreign operations. When the transactional currency is different than the functional currency, transaction gains and losses are included as a component of Other (income) expense, net. In addition, certain assets and liabilities denominated in currencies different than a foreign subsidiary’s functional currency are reported on the subsidiary’s books in its functional currency, with the impact from exchange rate differences recorded in Other (income) expense, net. Assets and liabilities of foreign operations are translated into U.S. dollars using the exchange rates in effect at the balance sheet date, while income and expenses are translated at the average monthly exchange rates during the year. Gains and losses on foreign currency translations are reported as a component of Other comprehensive income (loss). The income tax effect of currency translation adjustments is recorded as a component of deferred taxes with an offset to Other comprehensive income (loss) where appropriate. Derivative Instruments The Company’s use of derivative instruments, principally swaps, futures and forward contracts, is limited to non-trading purposes and is designed to partially manage exposure to changes in commodity prices, interest rates and foreign currencies. The Company’s contracts are hedges for transactions with notional amounts and periods consistent with the related exposures and do not constitute investments independent of these exposures. The changes in the fair value (i.e., gains or losses) of a derivative instrument are recorded as either assets or liabilities in the consolidated balance sheets with an offset to net earnings or Other comprehensive income (loss) depending on whether, for accounting purposes, it has been designated and qualifies as an accounting hedge and, if so, on the type of hedging relationship. The criteria used to determine if hedge accounting treatment is appropriate are: (a) formal designation and documentation of the hedging relationship, the risk management objective and hedging strategy at hedge inception; (b) eligibility of hedged items, transactions and corresponding hedging instrument; and (c) effectiveness of the hedging relationship both at inception of the hedge and on an ongoing basis in achieving the hedging objectives. For those derivative instruments designated and qualifying as hedging instruments, the Company must designate the hedging instrument either as a fair value hedge or as a cash flow hedge. The Company designates its commodity forward and future contracts for forecasted purchases of raw materials, interest rate forward contracts for forecasted interest payments, and foreign currency forward contracts for forecasted purchases of inventory as cash flow hedges. During the fiscal years ended June 30, 2018 , 2017 and 2016 , the Company had no hedging instruments designated as fair value hedges. For derivative instruments designated and qualifying as cash flow hedges, the effective portion of gains or losses is reported as a component of Other comprehensive income (loss) and reclassified into earnings in the same period or periods during which the hedged transaction affects earnings. From time to time, the Company may have contracts not designated as hedges for accounting purposes, for which it recognizes changes in the fair value in the consolidated statement of earnings in the current period. Cash flows from hedging activities are classified as operating activities in the consolidated statements of cash flows. Recently Issued Accounting Standards Recently Issued Accounting Standards Not Yet Adopted In February 2018, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2018-02, “Income Statement-Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income,” which amends its guidance to allow a reclassification from Accumulated Other Comprehensive Income to Retained Earnings for the stranded income tax effects resulting from The Tax Act. The amendments are effective for the Company beginning in the first quarter of fiscal year 2020, with early adoption permitted. The Company is currently evaluating the impact that the adoption of this guidance will potentially have on its consolidated financial statements. In August 2017, the FASB issued ASU No. 2017-12, “Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities,” which amends the hedge accounting recognition and presentation requirements to better align an entity’s risk management activities with its financial reporting. This standard also simplifies the application of hedge accounting in certain situations. The new guidance is effective for the Company beginning in the first quarter of fiscal year 2020, with early adoption permitted. The Company is currently evaluating the impact that the adoption of this guidance will have on its consolidated financial statements. In March 2017, the FASB issued ASU No. 2017-07, “Compensation-Retirement Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost,” which requires presenting the service cost component of net periodic benefit cost in the same income statement line items as other employee compensation costs arising from services rendered during the period. This standard also requires that other components of the net periodic benefit cost be presented separately from the line item(s) that includes service costs and outside of any subtotal of operating income, if one is presented, on a retrospective basis. This new guidance will be adopted in the first quarter of fiscal year 2019 and will not have a material impact on the Company’s consolidated financial statements. In January 2017, the FASB issued ASU No. 2017-04, “Intangibles-Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment,” which eliminates the requirement to calculate the implied fair value of goodwill to measure a goodwill impairment charge. The new guidance is effective for the Company beginning in the first quarter of fiscal year 2021, with early adoption permitted. The Company is currently evaluating the impact that the adoption of this guidance will have on its consolidated financial statements. In February 2016, the FASB issued ASU No. 2016-02, “Leases (Topic 842),” which requires lessees to recognize a right-of-use asset and a lease liability for all leases with terms of more than 12 months. Recognition, measurement and presentation will depend on the classification of a lease as either a finance or an operating lease. ASU 2016-02 also requires expanded disclosures about leasing arrangements. The new guidance is effective for the Company beginning in the first quarter of fiscal year 2020, with early adoption permitted. The Company has initiated its plan for the adoption and implementation of this new accounting standard, including assessing its lease arrangements and implementing software to meet the reporting and disclosure requirements of this standard. Additionally, the Company is in the process of identifying changes to its business processes and controls to support the adoption and is currently evaluating the impact that the adoption of this guidance will have on its consolidated financial statements. Refer to Note 12 for the future minimum annual lease payments required under the Company's existing non-cancelable operating and capital lease agreements as of June 30, 2018. In May 2014, the FASB issued ASU No. 2014-09, “Revenue from Contracts with Customers (Topic 606),” which replaces most of the existing U.S. GAAP revenue recognition guidance and is intended to improve and converge with international standards on the financial reporting requirements for revenue from contracts with customers. The core principle of ASU 2014-09 is that an entity should recognize revenue for the transfer of goods or services equal to the amount that it expects to be entitled to receive for those goods or services. ASU 2014-09 also requires additional disclosures about the nature, timing and uncertainty of revenue and cash flows arising from contracts with customers, including information about significant judgments and changes in judgments. The Company’s revenue is primarily generated from the sale of finished products to customers. Those sales predominantly contain a single delivery element and revenue is recognized at a single point in time when ownership, risks and rewards transfer. This guidance will be adopted in the first quarter of fiscal year 2019 on a modified retrospective basis and will not have a material impact in future periods on its annual consolidated financial statements. However, there will be an impact on the Company’s financial results in interim periods due to the timing of recognition for certain trade promotion spending. The Company is implementing changes to its accounting policies, business processes, systems and controls to align with the new revenue recognition guidance and disclosure requirements. Recently Adopted Accounting Standards In March 2018, the FASB issued ASU No. 2018-05, “Income Taxes (Topic 740)-Amendments to SEC Paragraphs Pursuant to SEC Staff Accounting Bulletin No. 118,” which amends its guidance to address the initial accounting for the income tax effects of the Tax Act, which was enacted on December 22, 2017 (enactment date). This new guidance allows reasonable estimates of income tax effects to be reported as provisional amounts during the measurement period, which is one year from the enactment date, when the necessary information is not available, prepared, or analyzed in sufficient detail to complete the accounting. The amendments also added specific disclosure requirements. The Company has adopted this new guidance. The Company recorded $81 of provisional benefits in the second quarter of fiscal year 2018. Refer to Note 17 for more information. In March 2016, the FASB issued ASU No. 2016-09, “Compensation-Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting,” which simplifies several aspects of the accounting for share-based payment transactions, including requiring excess tax benefits and tax deficiencies to be recognized as income tax benefits or expenses in the consolidated statement of earnings. Additionally, the standard requires cash flows from excess tax benefits and deficiencies, previously classified as a financing activity, to be classified as an operating activity in the consolidated statement of cash flows. The Company adopted this guidance in the first quarter of fiscal year 2017. Excess tax benefits of $22 were recognized in the consolidated statement of earnings and classified as an operating activity in the consolidated statement of cash flows during the year ended June 30, 2017. The prior period consolidated statement of cash flows has not been adjusted as permitted. The guidance allows for a policy election to account for forfeitures as they occur rather than on an estimated basis. The Company did not make this election and will continue to account for forfeitures on an estimated basis.

DISCONTINUED OPERATIONS

DISCONTINUED OPERATIONS	12 Months Ended
	Jun. 30, 2018
Discontinued Operations and Disposal Groups [Abstract]
DISCONTINUED OPERATIONS	DISCONTINUED OPERATIONS On September 22, 2014, Clorox Venezuela announced that it was discontinuing its operations, effective immediately, and seeking to sell its assets. Since fiscal year 2012, Clorox Venezuela was required to sell more than two thirds of its products at prices frozen by the Venezuelan government. During this same period, Clorox Venezuela experienced successive years of hyperinflation resulting in significant sustained increases in its input costs, including packaging, raw materials, transportation and wages. As a result, Clorox Venezuela had been selling its products at a loss, resulting in ongoing operating losses. Clorox Venezuela repeatedly met with government authorities in an effort to help them understand the rapidly declining state of the business, including the need for immediate, significant and ongoing price increases and other critical remedial actions to address these adverse impacts. Based on the Venezuelan government’s representations, Clorox Venezuela had expected significant price increases would be forthcoming much earlier; however, the price increases subsequently approved were insufficient and would have caused Clorox Venezuela to continue operating at a significant loss into the foreseeable future. As such, Clorox Venezuela was no longer financially viable and was forced to discontinue its operations. On September 26, 2014, the Company reported that Venezuelan Vice President Jorge Arreaza announced, with endorsement by President Nicolás Maduro, that the Venezuelan government had occupied the Santa Lucía and Guacara production facilities of Clorox Venezuela. On November 6, 2014, the Company reported that the Venezuelan government had published a resolution granting a government-sponsored Special Administrative Board full authority to restart and operate the business of Clorox Venezuela, thereby reaffirming the government's expropriation of Clorox Venezuela’s assets. Further, President Nicolás Maduro announced the government's intention to facilitate the resumed production of bleach and other cleaning products at Clorox Venezuela plants. He also announced his approval of a financial credit to invest in raw materials and production at the plants. These actions by the Venezuelan government were taken without the consent or involvement of Clorox Venezuela, its parent Clorox Spain S.L. (Clorox Spain) or any of their affiliates. Clorox Venezuela, Clorox Spain and their affiliates reserved their rights under all applicable laws and treaties. With this exit, the financial results of Clorox Venezuela are reflected as discontinued operations in the Company’s consolidated financial statements. The results of Clorox Venezuela had historically been part of the International reportable segment. There were no net sales for each of the fiscal years ended June 30, 2018 , 2017 and 2016 , and losses from discontinued operations, net of tax were insignificant for these same periods.

BUSINESSES ACQUIRED

BUSINESSES ACQUIRED	12 Months Ended
	Jun. 30, 2018
Business Combinations [Abstract]
BUSINESSES ACQUIRED	BUSINESSES ACQUIRED Nutranext Acquisition On April 2, 2018, the Company acquired 100 percent of Nutranext, a health and wellness company based in Sunrise, Florida. Nutranext manufactures and markets leading dietary supplement brands in the retail and e-commerce channels as well as in its direct-to-consumer business. The purchase of the business reflects the Company's strategy to acquire leading brands in fast-growing categories with attractive gross margins and a focus on health and wellness. The total consideration paid of $681 , which included post-closing working capital and other adjustments, was initially funded through commercial paper borrowings and subsequently repaid using a combination of long-term debt financing and cash repatriated from foreign subsidiaries. The assets and liabilities of Nutranext were recorded at their respective estimated fair value as of the acquisition date using generally accepted accounting principles for business combinations. The excess of the purchase price over the fair value of the net identifiable assets acquired has been allocated to goodwill in the Lifestyle and Household reportable segments of $309 and $102 , respectively. The goodwill of $411 is primarily attributable to the synergies, including those with the digestive health business, expected to arise after the acquisition and reflects the value of further expanding the Company’s portfolio into the health and wellness arena. Of the total goodwill, $363 is expected to be deductible for tax purposes. The following table summarizes the estimated fair value of Nutranext's assets acquired and liabilities assumed and the related deferred income taxes as of the acquisition date. Due to the timing of the acquisition, the fair value of the assets acquired and liabilities assumed are based on a preliminary valuation and the Company’s estimates and assumptions are subject to change within the measurement period. The primary areas of the purchase price that are not yet finalized are related to goodwill and income taxes. The weighted-average estimated useful life of intangible assets subject to amortization is 15 years. Nutranext Goodwill ($309 in Lifestyle reportable segment and $102 in Household reportable segment) $ 411 Trademarks 143 Customer relationships 75 Property, plant and equipment 49 Working capital, net 23 Deferred income taxes (20 ) Consideration paid $ 681 Effective April 2, 2018, Nutranext was consolidated into the Company's results of operations. Results for Nutranext's global business are reflected in the Lifestyle reportable segment. Included in the Company's results for fiscal year 2018 was $53 of Nutranext's global net sales. Pro forma results reflecting the acquisition were not presented because the acquisition did not meet the threshold requirements for additional disclosure. RenewLife Acquisition On May 2, 2016 , the Company acquired 100 percent of ReNew Life Holdings Corporation (RenewLife), a leading brand in digestive health. The amount paid of $290 was funded through commercial paper borrowings. The purchase of the RenewLife business reflects the Company’s strategy to acquire leading brands with attractive margins in growth categories and a focus on health and wellness. Results for RenewLife's U.S. business are reflected in the Household reportable segment and results for RenewLife's international business are reflected in the International reportable segment. The purchase price allocation was finalized during the third quarter of fiscal year 2017. The following table summarizes the final purchase price allocation for the fair value of RenewLife’s assets acquired and liabilities assumed and related deferred income taxes. RenewLife Goodwill $ 137 Trademarks 134 Customer relationships 36 Property, plant and equipment 3 Working capital, net 40 Deferred income taxes (60 ) Consideration paid $ 290

INVENTORIES

INVENTORIES	12 Months Ended
	Jun. 30, 2018
Inventory Disclosure [Abstract]
INVENTORIES	INVENTORIES Inventories consisted of the following as of June 30: 2018 2017 Finished goods $ 395 $ 363 Raw materials and packaging 129 119 Work in process 9 3 LIFO allowances (27 ) (26 ) Total $ 506 $ 459 The last-in, first-out (LIFO) method was used to value approximately 38% and 37% of inventories as of June 30, 2018 and 2017 , respectively. The carrying values for all other inventories are determined on the first-in, first-out (FIFO) method. The effect on earnings of the liquidation of LIFO layers was insignificant for each of the fiscal years ended June 30, 2018 , 2017 and 2016 .

PROPERTY, PLANT AND EQUIPMENT,

PROPERTY, PLANT AND EQUIPMENT, NET	12 Months Ended
	Jun. 30, 2018
Property, Plant and Equipment, Net [Abstract]
PROPERTY, PLANT AND EQUIPMENT, NET	PROPERTY, PLANT AND EQUIPMENT, NET The components of property, plant and equipment, net, consisted of the following as of June 30: 2018 2017 Machinery and equipment $ 1,808 $ 1,696 Buildings 574 524 Capitalized software costs 375 371 Land and improvements 131 116 Construction in progress 77 130 Computer equipment 92 95 Total 3,057 2,932 Less: Accumulated depreciation and amortization (2,061 ) (2,001 ) Property, plant and equipment, net $ 996 $ 931 Included in Machinery and equipment above was $13 of capital leases as of June 30, 2018 and 2017 . Accumulated depreciation for assets under capital leases was $10 and $8 as of June 30, 2018 and 2017 , respectively. Included in Land and improvements above was $2 and $3 of asset retirement obligations as of June 30, 2018 and 2017 , respectively, for leased properties. There were no asset retirement obligations recorded in fiscal year 2018 and 2017 . Depreciation and amortization expense related to property, plant and equipment, net, was $156 , $153 and $157 in fiscal years 2018 , 2017 and 2016 , respectively, which includes depreciation of assets under capital leases. This also includes amortization of capitalized software of $11 , $15 and $16 in fiscal years 2018 , 2017 and 2016 , respectively. During the second quarter of fiscal year 2017, the Company recognized a $21 non-cash charge, within the Cleaning reportable segment, related to impairing certain assets of the subsequently divested Aplicare business. The asset impairment charge primarily related to writing down Property, plant and equipment to fair value in connection with an updated valuation of the Aplicare business. Non-cash capital expenditures were $2 , $2 and $10 in fiscal years 2018 , 2017 and 2016 , respectively.

GOODWILL, TRADEMARKS AND OTHER

GOODWILL, TRADEMARKS AND OTHER INTANGIBLE ASSETS	12 Months Ended
	Jun. 30, 2018
GOODWILL, TRADEMARKS AND OTHER INTANGIBLE ASSETS [Abstract]
GOODWILL, TRADEMARKS AND OTHER INTANGIBLE ASSETS	GOODWILL, TRADEMARKS AND OTHER INTANGIBLE ASSETS The changes in the carrying amount of goodwill by reportable segment for the fiscal years ended June 30, 2018 and 2017 were as follows: Goodwill Cleaning Household Lifestyle International Total Balance June 30, 2016 $ 323 $ 207 $ 244 $ 423 $ 1,197 Effect of foreign currency translation — — — (1 ) (1 ) Balance June 30, 2017 $ 323 $ 207 $ 244 $ 422 $ 1,196 Acquisition — 102 309 — 411 Effect of foreign currency translation — — — (5 ) (5 ) Balance June 30, 2018 $ 323 $ 309 $ 553 $ 417 $ 1,602 The changes in the carrying amount of trademarks and other intangible assets for the fiscal years ended June 30 were as follows: As of June 30, 2018 As of June 30, 2017 Gross Accumulated Net carrying Gross Accumulated Net carrying Trademarks not subject to amortization $ 778 $ — $ 778 $ 645 $ — $ 645 Trademarks subject to amortization 41 24 17 32 23 9 Other intangible assets 430 296 134 358 290 68 Total $ 1,249 $ 320 $ 929 $ 1,035 $ 313 $ 722 Finite-lived intangible assets are amortized over their estimated useful lives, which range from 2 to 30 years. Amortization expense relating to the Company’s intangible assets was $10 , $10 and $8 for the years ended June 30, 2018 , 2017 and 2016 , respectively. Estimated amortization expense for these intangible assets is $14 , $13 , $12 , $11 and $12 for fiscal years 2019 , 2020 , 2021 , 2022 and 2023 , respectively.

ACCOUNTS PAYABLE AND ACCRUED LI

ACCOUNTS PAYABLE AND ACCRUED LIABILITIES	12 Months Ended
	Jun. 30, 2018
Accounts Payable and Accrued Liabilities, Current [Abstract]
ACCOUNTS PAYABLE AND ACCRUED LIABILITIES	ACCOUNTS PAYABLE AND ACCRUED LIABILITIES Accounts payable and accrued liabilities consisted of the following as of June 30: 2018 2017 Accounts payable $ 507 $ 501 Compensation and employee benefit costs 154 162 Trade and sales promotion 91 117 Dividends 129 116 Other 120 109 Total $ 1,001 $ 1,005

DEBT

DEBT	12 Months Ended
	Jun. 30, 2018
Debt Disclosure [Abstract]
DEBT	DEBT Short-term borrowings Notes and loans payable, which mature in less than one year, included the following as of June 30: 2018 2017 Commercial paper $ 199 $ 403 Foreign borrowings — 1 Total $ 199 $ 404 The weighted average interest rates incurred on average outstanding notes and loans payable during the fiscal years ended June 30, 2018 , 2017 and 2016 , including fees associated with the Company’s undrawn revolving credit facility, were 2.10% , 1.21% and 1.10% , respectively. The weighted average effective interest rates on commercial paper balances as of June 30, 2018 and 2017 were 2.31% and 1.33% , respectively. Long-term borrowings Long-term debt, carried at face value net of unamortized discounts, premiums and debt issuance costs, included the following as of June 30: 2018 2017 Senior unsecured notes and debentures: 5.95%, $400 due October 2017 $ — $ 400 3.80%, $300 due November 2021 298 298 3.05%, $600 due September 2022 597 596 3.50%, $500 due December 2024 497 497 3.10%, $400 due October 2027 397 — 3.90%, $500 due May 2028 495 — Total 2,284 1,791 Less: Current maturities of long-term debt — (400 ) Long-term debt $ 2,284 $ 1,391 The weighted average interest rates incurred on average outstanding long-term debt during the fiscal years ended June 30, 2018 , 2017 and 2016 , were 3.94% , 4.41% and 4.37% , respectively. The weighted average effective interest rates on long-term debt balances as of June 30, 2018 and 2017 were 3.81% and 4.41% . Long-term debt maturities as of June 30, 2018 , are $0 , $0 , $0 , $300 , $600 , and $1,400 in fiscal years 2019 , 2020 , 2021 , 2022 , 2023 , and thereafter, respectively. In May 2018, the Company issued $500 of senior notes with an annual fixed interest rate of 3.90% and a maturity date of May 15, 2028 and used the proceeds to repay a portion of the outstanding commercial paper, including amounts raised in connection with the Nutranext acquisition. Interest on the notes is payable semi-annually in May and November. The notes carry an effective interest rate of 4.02% , which includes the impact of amortizing debt issuance costs and the loss on the related interest rate forward contracts over the life of the notes (See Note 10). The notes rank equally with all of the Company's existing senior indebtedness. In September 2017, the Company issued $400 of senior notes with an annual fixed interest rate of 3.10% and a maturity date of October 1, 2027, and used the proceeds to repay $400 of senior notes with an annual fixed interest rate of 5.95% that became due in October 2017. Interest on the September 2017 senior notes is payable semi-annually in April and October. The notes carry an effective interest rate of 3.13% , which includes the impact of amortizing debt issuance costs and the gain on the related interest rate forward contracts over the life of the notes (See Note 10). The notes rank equally with all of the Company's existing senior indebtedness. In November 2015, $300 of the Company’s senior notes with an annual fixed interest rate of 3.55% became due and were repaid using commercial paper borrowings and cash on hand. Credit arrangements The Company’s borrowing capacity under other financing arrangements as of June 30 was as follows: 2018 2017 Revolving credit facility $ 1,100 $ 1,100 Foreign and other credit lines 37 29 Total $ 1,137 $ 1,129 In March 2018, the Company entered into a $250 revolving credit agreement that was subsequently terminated in May 2018. No termination fees or penalties were incurred in connection with this credit agreement termination. In February 2017, the Company entered into a new $1,100 revolving credit agreement (the Credit Agreement) that matures in February 2022. The Credit Agreement replaced a prior $1,100 revolving credit agreement in place since October 2014. No termination fees or penalties were incurred in connection with the Company's debt modification. There were no borrowings under the Credit Agreement as of June 30, 2018 and 2017 , and the Company believes that borrowings under the Credit Agreement are and will continue to be available for general business purposes. The Credit Agreement includes certain restrictive covenants and limitations, with which the Company was in compliance as of June 30, 2018 . Of the $37 of foreign and other credit lines as of June 30, 2018 , $3 was outstanding and the remainder of $34 was available for borrowing. Of the $29 of foreign and other credit lines as of June 30, 2017 , $5 was outstanding and the remainder of $24 was available for borrowing.

OTHER LIABILITIES

OTHER LIABILITIES	12 Months Ended
	Jun. 30, 2018
Other Liabilities Disclosure [Abstract]
OTHER LIABILITIES	OTHER LIABILITIES Other liabilities consisted of the following as of June 30: 2018 2017 Venture agreement terminal obligation, net $ 341 $ 317 Employee benefit obligations 283 298 Taxes 52 42 Other 102 113 Total $ 778 $ 770 Venture Agreement The Company has an agreement with The Procter & Gamble Company (P&G) for the Company’s Glad ® bags, wraps and containers business. In connection with this agreement, P&G provides research and development (R&D) support to the Glad® business. As of June 30, 2018 and 2017 , P&G had a 20% interest in the venture. The Company pays a royalty to P&G for its interest in the profits, losses and cash flows, as contractually defined, of the Glad ® business, which is included in Cost of products sold. In December 2017, the Company and P&G extended the term of the agreement and the related R&D support provided by P&G. The term will now expire in January 2026, unless the parties agree, on or prior to January 31, 2025, to further extend the term of the agreement for another seven years or agree to take some other relevant action. The agreement can be terminated under certain circumstances, including at P&G’s option upon a change in control of the Company or, at either party’s option, upon the sale of the Glad ® business by the Company. Upon termination of the agreement, the Company is required to purchase P&G’s 20% interest for cash at fair value as established by predetermined valuation procedures. As of June 30, 2018 , the estimated fair value of P&G’s interest was $631 , of which $ 341 has been recognized and is reflected in Other liabilities as noted in the table above. The difference between the estimated fair value and the amount recognized, and any future changes in the fair value of P&G’s interest, is charged to Cost of products sold in accordance with the effective interest method over the remaining life of the agreement. Following termination, the Glad ® business will retain the exclusive core intellectual property licenses contributed by P&G on a royalty-free basis for the licensed products marketed. Deferred Gain on Sale-leaseback Transaction In December 2012, the Company completed a sale-leaseback transaction under which it sold its general office building in Oakland, California to an unrelated third party for net proceeds of $108 and entered into a 15 -year operating lease agreement with renewal options with the buyer for a portion of the building. The Company deferred recognition of the portion of the total gain on the sale that was equivalent to the present value of the lease payments and will continue to amortize such amount to earnings ratably over the lease term. As of June 30, 2018 and 2017 , the long-term portion of the deferred gain of $29 and $33 , respectively, was included in Other as noted in the table above.

FINANCIAL INSTRUMENTS AND FAIR

FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS	12 Months Ended
	Jun. 30, 2018
FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS [Abstract]
FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS	FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS Financial Risk Management and Derivative Instruments The Company is exposed to certain commodity, foreign currency and interest rate risks related to its ongoing business operations and uses derivative instruments to mitigate its exposure to these risks. Commodity Price Risk Management The Company may use commodity exchange traded futures and over-the-counter swap contracts, which are generally no longer than 2 years , to fix the price of a portion of its forecasted raw material requirements. Commodity purchase contracts are measured at fair value using market quotations obtained from commodity derivative dealers. As of June 30, 2018 , the notional amount of commodity derivatives was $34 , of which $10 related to jet fuel swaps used for the charcoal business and $24 related to soybean oil futures used for the food business. As of June 30, 2017 , the notional amount of commodity derivatives was $26 , of which $14 related to jet fuel swaps and $12 related to soybean oil futures. Foreign Currency Risk Management The Company may also enter into certain over-the-counter derivative contracts to manage a portion of the Company’s forecasted foreign currency exposure associated with the purchase of inventory. These foreign currency contracts generally have durations of no longer than 2 years . The foreign exchange contracts are measured at fair value using information quoted by foreign exchange dealers. The notional amounts of outstanding foreign currency forward contracts used by the Company’s subsidiaries to hedge forecasted purchases of inventory were $50 and $49 , respectively, as of June 30, 2018 and 2017 . Interest Rate Risk Management The Company may enter into over-the-counter interest rate forward contracts to fix a portion of the benchmark interest rate prior to the anticipated issuance of fixed rate debt or to manage the Company’s level of fixed and floating rate debt. These interest rate forward contracts generally have durations of less than 12 months. The interest rate contracts are measured at fair value using information quoted by U.S. government bond dealers. During fiscal year 2018, the Company entered into, and subsequently terminated, interest rate forward contracts related to the September 2017 issuance of $400 in senior notes and the May 2018 issuance of $500 in senior notes (See Note 8). These contracts resulted in insignificant gains and losses to Accumulated other comprehensive net (losses) income on the consolidated balance sheets, which are being amortized into Interest expense on the consolidated statement of earnings over the 10 -year term of each of the notes. The Company had no outstanding interest rate forward contracts as of June 30, 2018 and 2017 . Commodity, Foreign Exchange and Interest Rate Derivatives The Company designates its commodity forward and future contracts for forecasted purchases of raw materials, foreign currency forward contracts for forecasted purchases of inventory, and interest rate forward contracts for forecasted interest payments as cash flow hedges. The effects of derivative instruments designated as hedging instruments on Other comprehensive income and Net earnings were as follows during the fiscal years ended June 30: Gains (losses) 2018 2017 2016 Commodity purchase derivative contracts $ 4 $ (3 ) $ (4 ) Foreign exchange derivative contracts 2 (1 ) (3 ) Interest rate derivative contracts 2 — — Total $ 8 $ (4 ) $ (7 ) Gains (losses) reclassified from Accumulated 2018 2017 2016 Commodity purchase derivative contracts $ 1 $ (2 ) $ (13 ) Foreign exchange derivative contracts (1 ) (3 ) 1 Interest rate derivative contracts (6 ) (6 ) (6 ) Total $ (6 ) $ (11 ) $ (18 ) The gains (losses) reclassified from Accumulated other comprehensive net losses and recognized in Net earnings during the fiscal years ended June 30, 2018 , 2017 and 2016 , for commodity purchase and foreign exchange derivative contracts were included in Cost of products sold, and for interest rate derivative contracts were included in Interest expense. The estimated amount of the existing net gain (loss) in Accumulated other comprehensive net (losses) income as of June 30, 2018 , which is expected to be reclassified into Net earnings within the next twelve months, is $(3) . Gains and losses on derivative instruments representing either hedge ineffectiveness or hedge components excluded from the assessment of effectiveness are recognized in Net earnings. During each of the fiscal years ended June 30, 2018 , 2017 and 2016 , hedge ineffectiveness was not significant. Counterparty Risk Management and Derivative Contract Requirements The Company utilizes a variety of financial institutions as counterparties for over-the counter derivative instruments. The Company enters into agreements governing the use of over-the-counter derivative instruments and sets internal limits on the aggregate over-the-counter derivative instrument positions held with each counterparty. Certain terms of these agreements require the Company or the counterparty to post collateral when the fair value of the derivative instruments exceeds contractually defined counterparty liability position limits. Of the over-the-counter derivative instruments in liability positions held as of June 30, 2018 and 2017 , $0 and $1 , respectively, contained such terms. As of both June 30, 2018 and 2017 , neither the Company nor any counterparty was required to post any collateral as no counterparty liability position limits were exceeded. Certain terms of the agreements governing the Company’s over-the-counter derivative instruments require the credit ratings, as assigned by Standard & Poor’s and Moody’s to the Company and its counterparties, to remain at a level equal to or better than the minimum of an investment grade credit rating. If the Company’s credit ratings were to fall below investment grade, the counterparties to the derivative instruments could request full collateralization on derivative instruments in net liability positions. As of both June 30, 2018 and 2017 , the Company and each of its counterparties had been assigned investment grade ratings by both Standard & Poor’s and Moody’s. Certain of the Company’s exchange-traded futures contracts used for commodity price risk management include requirements for the Company to post collateral in the form of a cash margin account held by the Company’s broker for trades conducted on that exchange. As of June 30, 2018 and 2017 , the Company maintained cash margin balances related to exchange-traded futures contracts of $2 and $1 , respectively, which are classified as Prepaid expenses and other current assets on the consolidated balance sheets. Trust Assets The Company has held interests in mutual funds and cash equivalents as part of trust assets related to its nonqualified deferred compensation plans. The participants in the nonqualified deferred compensation plans, who are the Company’s current and former employees, may select among certain mutual funds in which their compensation deferrals are invested in accordance with the terms of the plan and within the confines of the trusts, which hold the marketable securities. The trusts represent variable interest entities for which the Company is considered the primary beneficiary, and therefore, trust assets are consolidated and included in Other assets in the consolidated balance sheets. The interests in mutual funds are measured at fair value using quoted market prices. The Company has designated these marketable securities as trading investments. As of June 30, 2018 , the value of the trust assets related to the Company’s nonqualified deferred compensation plans increased by $ 14 as compared to June 30, 2017 , primarily due to current year employees’ contributions to these plans. Fair Value of Financial Instruments Financial assets and liabilities measured at fair value on a recurring basis in the consolidated balance sheets are required to be classified and disclosed in one of the following three categories of the fair value hierarchy: Level 1: Quoted market prices in active markets for identical assets or liabilities. Level 2: Observable market-based inputs or unobservable inputs that are corroborated by market data. Level 3: Unobservable inputs reflecting the reporting entity’s own assumptions. As of June 30, 2018 and 2017 , the Company’s financial assets and liabilities that were measured at fair value on a recurring basis during the period included derivative financial instruments, which were classified as either Level 1 or Level 2, and trust assets to fund the Company’s nonqualified deferred compensation plans, which were classified as Level 1. The following table summarizes the fair value of Company’s assets and liabilities for which disclosure of fair value is required as of June 30: 2018 2017 Assets Balance sheet classification Fair value Carrying Estimated Carrying Estimated Investments including money market funds Cash and cash equivalents (a) 1 $ 24 $ 24 $ 221 $ 221 Time deposits Cash and cash equivalents (a) 2 23 23 115 115 Commodity purchase swaps contracts Prepaid expenses and other current assets 2 3 3 1 1 Foreign exchange forward contracts Prepaid expenses and other current assets 2 2 2 — — Trust assets for nonqualified deferred compensation plans Other assets 1 86 86 72 72 $ 138 $ 138 $ 409 $ 409 Liabilities Notes and loans payable Notes and loans payable (b) 2 $ 199 $ 199 $ 404 $ 404 Commodity purchase futures contracts Accounts payable and accrued liabilities 1 1 1 — — Commodity purchase swaps contracts Accounts payable and accrued liabilities 2 — — 1 1 Foreign exchange forward contracts Accounts payable and accrued liabilities 2 — — 1 1 Current maturities of long-term debt and Long-term debt Current maturities of long- (c) 2 2,284 2,269 1,791 1,855 $ 2,484 $ 2,469 $ 2,197 $ 2,261 (a) Cash and cash equivalents are composed of time deposits and other interest-bearing investments, including money market funds with original maturity dates of 90 days or less. Cash and cash equivalents are recorded at cost, which approximates fair value. (b) Notes and loan payable is composed of U.S. commercial paper and/or other similar short-term debts issued by non-U.S. subsidiaries, all of which are recorded at cost, which approximates fair value. (c) Current maturities of long-term debt and Long-term debt are recorded at cost. The fair value of Long-term debt, including current maturities, was determined using secondary market prices quoted by corporate bond dealers, and is classified as Level 2 .

OTHER CONTINGENCIES AND GUARANT

OTHER CONTINGENCIES AND GUARANTEES	12 Months Ended
	Jun. 30, 2018
OTHER CONTINGENCIES AND GUARANTEES [Abstract]
OTHER CONTINGENCIES AND GUARANTEES	OTHER CONTINGENCIES AND GUARANTEES Contingencies The Company is involved in certain environmental matters, including response actions at various locations. The Company had recorded liabilities totaling $28 as of June 30, 2018 and 2017 , for its share of aggregate future remediation costs related to these matters. One matter, which accounted for $14 of the recorded liability as of June 30, 2018 and 2017 , relates to environmental costs associated with one of the Company’s former operations at a site located in Alameda County, California. In November 2016, at the request of regulators and with the assistance of environmental consultants, the Company submitted a Feasibility Study that evaluated various options for managing the site and included estimates of the related costs. As a result, the Company recorded in Other (income) expense, net an undiscounted liability for costs estimated to be incurred over a 30 -year period, based on the option recommended in the Feasibility Study. However, as a result of ongoing discussions with regulators, in June 2017 the Company increased its recorded liability to $14 , which reflects anticipated costs to implement additional remediation measures at the site. While the Company believes its latest estimate is reasonable, regulators could require the Company to implement one of the other options evaluated in the Feasibility Study, with estimated undiscounted costs of up to $28 over an estimated 30 -year period, or require the Company to take other actions and incur costs not included in the study. Another matter in Dickinson County, Michigan, at the site of one of the Company’s former operations for which the Company is jointly and severally liable, accounted for $12 of the recorded liability as of June 30, 2018 and 2017 . This amount reflects the Company’s agreement to be liable for 24.3% of the aggregate remediation and associated costs for this matter pursuant to a cost-sharing arrangement with a third party. With the assistance of environmental consultants, the Company maintains an undiscounted liability representing its current best estimate of its share of the capital expenditures, maintenance and other costs that may be incurred over an estimated 30 -year remediation period. Although it is reasonably possible that the Company’s exposure may exceed the amount recorded for the Dickinson County matter, any amount of such additional exposures, or range of exposures, is not estimable at this time. The Company’s estimated losses related to these matters are sensitive to a variety of uncertain factors, including the efficacy of any remediation efforts, changes in any remediation requirements, and the future availability of alternative clean-up technologies. The Company is subject to various legal proceedings, claims and other loss contingencies, including, without limitation, loss contingencies relating to contractual arrangements, product liability, patents and trademarks, advertising, labor and employment, environmental, health and safety and other matters. With respect to these proceedings, claims and other loss contingencies, while considerable uncertainty exists, in the opinion of management at this time, the ultimate disposition of these matters, to the extent not previously provided for, will not have a material adverse effect, either individually or in the aggregate, on the Company’s consolidated financial statements taken as a whole. Guarantees In conjunction with divestitures and other transactions, the Company may provide typical indemnifications (e.g., indemnifications for representations and warranties and retention of previously existing environmental, tax and employee liabilities) that have terms that vary in duration and in the potential amount of the total obligation and, in many circumstances, are not explicitly defined. The Company has not made, nor does it believe that it is probable that it will make, any material payments relating to its indemnifications, and believes that any reasonably possible payments would not have a material adverse effect, either individually or in the aggregate, on the Company’s consolidated financial statements taken as a whole. The Company had not recorded any material liabilities on the aforementioned guarantees as of June 30, 2018 and 2017 . The Company was a party to letters of credit of $ 9 and $10 as of June 30, 2018 and 2017 , respectively, primarily related to one of its insurance carriers, of which $0 had been drawn upon.

LEASES AND OTHER COMMITMENTS

LEASES AND OTHER COMMITMENTS	12 Months Ended
	Jun. 30, 2018
LEASES AND OTHER COMMITMENTS [Abstract]
LEASES AND OTHER COMMITMENTS	LEASES AND OTHER COMMITMENTS The Company leases various property, plant, and equipment, including office, warehousing, manufacturing and research and development facilities, in addition to certain manufacturing and information technology equipment. The Company expects that, in the normal course of business, existing contracts will be renewed or replaced by other leases. Rental expense for all operating leases was $86 , $84 and $77 in fiscal years 2018 , 2017 and 2016 , respectively. The future minimum annual lease payments required under the Company’s existing non-cancelable operating and capital lease agreements as of June 30, 2018 , were as follows: Year Operating Capital 2019 $ 56 $ 1 2020 51 — 2021 46 — 2022 36 — 2023 33 — Thereafter 108 — Total $ 330 $ 1 The Company is also a party to certain purchase obligations, which are defined as purchase agreements that are enforceable and legally binding and that contain specified or determinable significant terms, including quantity, price and the approximate timing of the transaction. Examples of the Company’s purchase obligations include contracts to purchase raw materials, commitments to contract manufacturers, commitments for information technology and related services, advertising contracts, capital expenditure agreements, software acquisition and license commitments and service contracts. The Company enters into purchase obligations based on expectations of future business needs. For purchase obligations subject to variable price and/or quantity provisions, an estimate of the price and/or quantity has been made. Many of these purchase obligations are short term in nature and are flexible to allow for changes in the Company’s business and related requirements. As of June 30, 2018 , the Company’s purchase obligations were as follows: Year Purchase 2019 $ 169 2020 55 2021 32 2022 20 2023 15 Thereafter 13 Total $ 304

STOCKHOLDERS' EQUITY

STOCKHOLDERS' EQUITY	12 Months Ended
	Jun. 30, 2018
Stockholders' Equity Note [Abstract]
STOCKHOLDERS' EQUITY	STOCKHOLDERS’ EQUITY In May 2018, the Board of Directors authorized the Company to repurchase up to $2,000 in shares of common stock on the open market, which replaced the prior open-market purchase program with an authorized aggregate purchase amount of up to $750 . As of June 30, 2018 , the Company had two stock repurchase programs: an open-market purchase program with an authorized aggregate purchase amount of up to $2,000 , which has no expiration date, and a program to offset the anticipated impact of dilution related to stock-based awards (the Evergreen Program), which has no authorization limit on the dollar amount and no expiration date. Stock repurchases under the two stock repurchase programs were as follows during the fiscal years ended June 30: 2018 2017 2016 Amount Shares Amount Shares Amount Shares Open-market purchase program $ 95 749 $ — — $ — — Evergreen Program 177 1,422 189 1,505 254 2,151 Dividends per share declared and paid, respectively, during the fiscal years ended June 30 were as follows: 2018 2017 2016 Dividends per share declared $ 3.60 $ 3.24 $ 3.11 Dividends per share paid 3.48 3.20 3.08 Accumulated Other Comprehensive Net (Losses) Income Changes in Accumulated other comprehensive net (losses) income by component were as follows for the fiscal years ended June 30: Foreign currency Net Pension and Accumulated Balance June 30, 2015 $ (300 ) $ (53 ) $ (149 ) $ (502 ) Other comprehensive income (loss) before reclassifications (43 ) (7 ) (38 ) (88 ) Amounts reclassified from Accumulated other comprehensive net losses — 18 — 18 Income tax benefit (expense) (10 ) (2 ) 14 2 Net current period other comprehensive income (loss) (53 ) 9 (24 ) (68 ) Balance June 30, 2016 (353 ) (44 ) (173 ) (570 ) Other comprehensive income (loss) before (3 ) (4 ) 27 20 Amounts reclassified from Accumulated other comprehensive net losses — 11 9 20 Income tax benefit (expense) — — (13 ) (13 ) Net current period other comprehensive income (loss) (3 ) 7 23 27 Balance June 30, 2017 (356 ) (37 ) (150 ) (543 ) Other comprehensive income (loss) before reclassifications (20 ) 8 11 (1 ) Amounts reclassified from Accumulated other comprehensive net losses — 6 8 14 Income tax benefit (expense) (8 ) (2 ) (7 ) (17 ) Net current period other comprehensive income (loss) (28 ) 12 12 (4 ) Balance June 30, 2018 $ (384 ) $ (25 ) $ (138 ) $ (547 ) Included in foreign currency adjustments are re-measurement losses on long-term intercompany loans where settlement is not planned or anticipated in the foreseeable future. For the fiscal years ended June 30, 2018 , 2017 and 2016 , Other comprehensive losses on these loans totaled $9 , $2 and $14 , respectively, and there were no amounts reclassified from Accumulated other comprehensive net (losses) income for the periods presented. Pension and postretirement benefit reclassification adjustments are reflected in Cost of products sold, Selling and administrative expenses and Research and development costs.

NET EARNINGS PER SHARE (EPS)

NET EARNINGS PER SHARE (EPS)	12 Months Ended
	Jun. 30, 2018
Earnings Per Share [Abstract]
NET EARNINGS PER SHARE (EPS)	NET EARNINGS PER SHARE (EPS) The following is the reconciliation of the weighted average number of shares outstanding (in thousands) used to calculate basic net EPS to those used to calculate diluted net EPS for the fiscal years ended June 30: 2018 2017 2016 Basic 129,293 128,953 129,472 Dilutive effect of stock options and other 2,288 2,613 2,245 Diluted 131,581 131,566 131,717 Antidilutive stock options and other 1,192 11 42

STOCK-BASED COMPENSATION PLANS

STOCK-BASED COMPENSATION PLANS	12 Months Ended
	Jun. 30, 2018
Share-based Compensation [Abstract]
STOCK-BASED COMPENSATION PLANS	STOCK-BASED COMPENSATION PLANS In November 2012, the Company’s stockholders voted to approve the amended and restated 2005 Stock Incentive Plan (the Plan). The Plan permits the Company to grant various nonqualified stock-based compensation awards, including stock options, restricted stock, performance shares, deferred stock units, stock appreciation rights and other stock-based awards. The primary amendment reflected in the Plan was an increase of approximately 3 million common shares that may be issued for stock-based compensation purposes. As of June 30, 2018 , the Company is authorized to grant up to approximately 7 million common shares under the Plan, and, as of June 30, 2018 , approximately 7 million common shares remained available for grant. Compensation cost and the related income tax benefit recognized for stock-based compensation plans were classified as indicated below for the fiscal years ended June 30: 2018 2017 2016 Cost of products sold $ 7 $ 7 $ 6 Selling and administrative expenses 42 40 35 Research and development costs 4 4 4 Total compensation costs $ 53 $ 51 $ 45 Related income tax benefit $ 16 $ 19 $ 17 Cash received during fiscal years 2018 , 2017 and 2016 from stock options exercised under all stock-based payment arrangements was $70 , $81 and $180 , respectively. The Company issues shares for stock-based compensation plans from treasury stock. The Company may repurchase stock under its Evergreen Program to offset the estimated impact of dilution related to stock-based awards (See Note 13). Details regarding the valuation and accounting for stock options, restricted stock awards, performance shares and deferred stock units for non-employee directors follow. Stock Options The fair value of each stock option award granted during fiscal years 2018 , 2017 and 2016 was estimated on the date of grant using the Black-Scholes valuation model and assumptions noted in the following table: 2018 2017 2016 Expected life 5.5 years 5.5 years 5.6 years Weighted-average expected life 5.5 years 5.5 years 5.6 years Expected volatility 15.7% to 18.7% 16.2% to 16.9% 16.4% to 17.3% Weighted-average volatility 15.7% 16.9% 17.2% Risk-free interest rate 1.3% to 2.6% 1.3% to 2.2% 1.3% to 1.7% Weighted-average risk-free interest rate 1.8% 1.3% 1.7% Dividend yield 2.4% to 3.0% 2.4% to 2.8% 2.5% to 2.8% Weighted-average dividend yield 2.5% 2.6% 2.8% The expected life of the stock options is based on historical exercise patterns. The expected volatility is based on implied volatility from publicly traded options on the Company’s stock at the date of grant, historical implied volatility of the Company’s publicly traded options and other factors. The risk-free interest rate is based on the implied yield on a U.S. Treasury zero-coupon issue with a remaining term equal to the expected term of the option. The dividend yield is based on the projected annual dividend payment per share, divided by the stock price at the date of grant. Details of the Company’s stock option activities are summarized below: Number of Weighted- Average Aggregate Options outstanding as of June 30, 2017 6,907 $ 93 6 years $ 277 Granted 1,181 136 Exercised (901 ) 80 Canceled (107 ) 123 Options outstanding as of June 30, 2018 7,080 $ 101 6 years $ 240 Options vested as of June 30, 2018 4,366 $ 88 5 years $ 205 The weighted-average fair value per share of each option granted during fiscal years 2018 , 2017 and 2016 , estimated at the grant date using the Black-Scholes option pricing model, was $15.33 , $13.75 and $13.21 , respectively. The total intrinsic value of options exercised in fiscal years 2018 , 2017 and 2016 was $51 , $65 and $142 , respectively. Stock option awards outstanding as of June 30, 2018 , have been granted at prices that are equal to the market value of the stock on the date of grant. Stock option grants generally vest over 4 years and expire no later than 10 years after the grant date. The Company recognizes compensation expense on a straight-line basis over the vesting period. As of June 30, 2018 , there was $15 of total unrecognized compensation cost related to non-vested options, which is expected to be recognized over a remaining weighted-average vesting period of 1 year, subject to forfeiture changes. Restricted Stock Awards The fair value of restricted stock awards is estimated on the date of grant based on the market price of the stock and is amortized to compensation expense on a straight-line basis over the related vesting periods, which are generally 3 to 4 years. The total number of restricted stock awards expected to vest is adjusted by actual and estimated forfeitures. Restricted stock grants receive dividend distributions earned during the vesting period upon vesting. As of June 30, 2018 , there was $14 of total unrecognized compensation cost related to non-vested restricted stock awards, which is expected to be recognized over a remaining weighted-average vesting period of 2 years. The total fair value of the shares that vested in each of the fiscal years 2018 , 2017 and 2016 was $1 for all fiscal years. The weighted-average grant-date fair value of awards granted was $135.29 , $131.67 and $128.91 per share for fiscal years 2018 , 2017 and 2016 , respectively. A summary of the status of the Company’s restricted stock awards is presented below: Number of Weighted-Average Restricted stock awards as of June 30, 2017 18 $ 120 Granted 155 135 Vested (10 ) 110 Forfeited (7 ) 135 Restricted stock awards as of June 30, 2018 156 $ 135 Performance Shares As of June 30, 2018 , there was $15 in unrecognized compensation cost related to non-vested performance shares that is expected to be recognized over a remaining weighted-average performance period of 1 year. The weighted-average grant-date fair value of awards granted was $135.47 , $122.73 and $92.35 per share for fiscal years 2018 , 2017 and 2016 , respectively. A summary of the status of the Company’s performance share awards is presented below: Number of Weighted-Average Performance share awards as of June 30, 2017 862 $ 102 Granted 236 135 Distributed (360 ) 88 Forfeited (40 ) 120 Performance share awards as of June 30, 2018 698 $ 111 Performance shares vested and deferred as of June 30, 2018 154 $ 74 The non-vested performance shares outstanding as of June 30, 2018 and 2017 were 544,000 and 738,000 , respectively, and the weighted average grant date fair value was $120.69 and $108.00 per share, respectively. During fiscal year 2018 , 389,000 shares vested. Deferred shares continue to earn dividends, which are also deferred. The total fair value of shares vested was $35 , $0 and $26 during fiscal years 2018 , 2017 and 2016 , respectively. Upon vesting, the recipients of the grants receive the distribution as shares or, if previously elected by eligible recipients, as deferred stock. Deferred Stock Units for Nonemployee Directors Nonemployee directors receive annual grants of deferred stock units under the Company’s director compensation program and can elect to receive all or a portion of their annual retainers and fees in the form of deferred stock units. The deferred stock units receive dividend distributions, which are reinvested as deferred stock units, and are recognized at their fair value on the date of grant. Each deferred stock unit represents the right to receive one share of the Company’s common stock following the completion of a director’s service. During fiscal year 2018 , the Company granted 13,000 deferred stock units, reinvested dividends of 5,000 units and distributed 17,000 shares, which had a weighted-average fair value on the grant date of $146.75 , $129.15 and $65.91 per share, respectively. As of June 30, 2018 , 206,000 units were outstanding, which had a weighted-average fair value on the grant date of $81.01 per share.

OTHER (INCOME) EXPENSE, NET

OTHER (INCOME) EXPENSE, NET	12 Months Ended
	Jun. 30, 2018
Other Income and Expenses [Abstract]
OTHER (INCOME) EXPENSE, NET	OTHER (INCOME) EXPENSE, NET The major components of Other (income) expense, net, for the fiscal years ended June 30 were: 2018 2017 2016 Income from equity investees $ (12 ) $ (19 ) $ (15 ) Loss (gain) on sale of assets and investments, net 4 (11 ) (11 ) Interest income (6 ) (4 ) (5 ) Asset impairment charges 1 23 10 Amortization of trademarks and other intangible assets 11 10 8 Foreign exchange transaction (gains) losses, net 3 (1 ) 1 Other (4 ) 8 5 Total $ (3 ) $ 6 $ (7 ) In January 2017, the Company sold an Australian distribution facility, previously reported in the International reportable segment, which resulted in $23 in cash proceeds from investing activities and a gain of $10 included in Gain on sale of assets and investments, net in the table above for the fiscal year ended June 30, 2017. In April 2016, the Company sold its Los Angeles bleach manufacturing facility, previously reported in the Cleaning reportable segment, which resulted in $20 in cash proceeds from investing activities and a gain of $11 included in Gain on sale of assets and investments, net in the table above for the fiscal year ended June 30, 2016. During the second quarter of fiscal year 2017, the Company recognized a $21 non-cash charge, within the Cleaning reportable segment, related to impairing certain assets of the subsequently divested Aplicare business. The asset impairment charge is included in Asset impairment charges in the table above for the fiscal year ended June 30, 2017 and primarily related to writing down Property, plant and equipment to fair value in connection with an updated valuation of the Aplicare business. During fiscal year 2016, the Company recognized $9 of intangible asset impairment charges, of which $6 related to the Aplicare ® trademark within the Cleaning reportable segment. The Aplicare ® trademark impairment is included in Asset impairment charges in the table above for the fiscal year ended June 30, 2016 and was recognized based on the anticipated impact on future results from a competitive market entrant. During fiscal year 2017, the Company recognized $14 of projected environmental costs associated with its former operations at a site in Alameda County, California within Corporate. These costs are included in Other in the table above for the fiscal year ended June 30, 2017. Refer to Note 11 for further details.

INCOME TAXES

INCOME TAXES	12 Months Ended
	Jun. 30, 2018
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES The provision for income taxes on continuing operations, by tax jurisdiction, consisted of the following for the fiscal years ended June 30: 2018 2017 2016 Current Federal $ 177 $ 291 $ 254 State 34 36 31 Foreign 43 38 45 Total current 254 365 330 Deferred Federal (24 ) (29 ) 11 State 3 (2 ) 1 Foreign (2 ) (4 ) (7 ) Total deferred (23 ) (35 ) 5 Total $ 231 $ 330 $ 335 The components of earnings from continuing operations before income taxes, by tax jurisdiction, consisted of the following for the fiscal years ended June 30: 2018 2017 2016 United States $ 963 $ 927 $ 900 Foreign 91 106 83 Total $ 1,054 $ 1,033 $ 983 A reconciliation of the statutory federal income tax rate to the Company’s effective tax rate on continuing operations follows for the fiscal years ended June 30: 2018 2017 2016 Statutory federal tax rate 28.1 % 35.0 % 35.0 % State taxes (net of federal tax benefits) 2.4 2.2 2.1 Tax differential on foreign earnings 1.2 (0.6 ) 0.5 Federal domestic manufacturing deduction (1.8 ) (2.6 ) (2.4 ) Change in valuation allowance 0.3 0.2 0.5 Federal excess tax benefits (1.7 ) (2.0 ) — Reversals of deferred taxes related to foreign unremitted earnings (2.6 ) — — Remeasurement of deferred taxes (3.1 ) — — Other differences (1.0 ) (0.3 ) (1.6 ) Effective tax rate 21.8 % 31.9 % 34.1 % The Tax Act was signed into law by the President of the United States on December 22, 2017. The Tax Act makes significant changes to U.S. tax law, and includes a reduction of U.S. corporation statutory income tax rates from 35% to 21% effective January 1, 2018. Under the Tax Act, the Company is subject to an average federal statutory tax rate of 28.1% for its fiscal year ended June 30, 2018. The Company’s federal statutory tax rate will be 21.0% beginning in July 2018 for the fiscal year ending June 30, 2019. The Tax Act also includes, among other things, a one-time transition tax on accumulated foreign earnings and the adoption of a modified territorial approach to the taxation of future foreign earnings. As of June 30, 2018 , the Company continued to obtain, prepare and analyze information necessary to finalize the accounting for the impacts of the Tax Act. Consequently, reasonable estimates of the impacts of the Tax Act on the Company’s deferred tax balances and one-time transition tax have been reported as provisional, as defined in Staff Accounting Bulletin No. 118 and Accounting Standards Update No. 2018-05. Under U.S. GAAP, deferred taxes must be adjusted for enacted changes in tax laws or rates during the period in which new tax legislation is enacted. Based on the provisions of the Tax Act, the Company provisionally remeasured its net deferred tax liabilities to incorporate the future lower corporate tax rate, resulting in a $33 reduction to net deferred tax liabilities in the second quarter of fiscal year 2018 (period of the Tax Act's enactment). In addition, remeasurements specifically related to the reversal of deferred tax liabilities for U.S. tax on foreign unremitted earnings, related deferred foreign tax credits and related unrealized foreign exchange gains and losses reduced the Company’s net deferred tax liability by a provisional amount of $27 . The total provisional amounts related to the remeasurement of the Company’s deferred tax balances resulted in a $60 beneficial impact in the period of the Tax Act's enactment. The Tax Act also includes a one-time transition tax on accumulated foreign earnings and the adoption of a modified territorial approach to the taxation of future foreign earnings. A provisional, one-time transition tax expense on accumulated foreign earnings, net of applicable foreign tax credits, of $7 was recognized in the Company’s provision for income taxes in the period of the Tax Act's enactment. This amount may change as the Company finalizes the calculation of post-1986 foreign earnings and profits previously deferred from U.S. federal taxation and the amounts held in cash or other specified assets. This amount may also change as new guidance and clarifications are issued by the Internal Revenue Service. The Company anticipates that it will be able to utilize existing foreign tax credit carryforwards to fully offset its one-time transition tax liability. The impact recognized in the period of the Tax Act's enactment also included a provisional $28 benefit related to current year taxable income. Taken together, total benefits of $81 were recorded in the period of the Tax Act's enactment and were due to several provisional adjustments including net deferred tax liability reductions of $60 , a beneficial current taxable income impact of $28 and a provisional one-time transition tax of $7 . Measurement adjustments to the provisional amounts were not significant for the third and fourth quarters of fiscal year 2018. Per U.S. GAAP, foreign withholding taxes are provided on unremitted foreign earnings that are not indefinitely reinvested at the time the earnings are generated. The Company regularly reviews and assesses whether there are any changes to its indefinite reinvestment assertion. Through the second quarter of fiscal year 2018, the Company had determined that the undistributed earnings of a number of its foreign subsidiaries were indefinitely reinvested. When the Tax Act was passed into law in December 2017, it significantly reduced the cost of U.S. repatriation. In the third quarter of fiscal year 2018, the Company concluded an analysis wherein it determined that none of the undistributed earnings of its foreign subsidiaries were indefinitely reinvested. As a result, the Company is providing foreign withholding taxes on the undistributed earnings of all foreign subsidiaries where applicable. These withholding taxes had no significant impact on the Company’s consolidated results. Beginning with the adoption of ASU 2016-09 in the first quarter of fiscal year 2017 (See Note 1), excess tax benefits resulting from stock-based payment arrangements are recognized as income tax benefits in the consolidated statements of earnings. Prior to this adoption, such excess tax benefits were recorded as increases to Additional paid-in capital. Excess tax benefits of approximately $19 and $22 were realized and recorded to Income tax expense for fiscal years 2018 and 2017 , respectively. Excess tax benefits of $51 were realized and recorded to Additional paid-in capital for fiscal year 2016. The components of net deferred tax assets (liabilities) as of June 30 are shown below: 2018 2017 Deferred tax assets Compensation and benefit programs $ 103 $ 182 Net operating loss and tax credit carryforwards 86 52 Accruals and reserves 28 41 Basis difference related to Venture Agreement 19 30 Inventory costs 16 25 Other 25 54 Subtotal 277 384 Valuation allowance (43 ) (40 ) Total deferred tax assets 234 344 Deferred tax liabilities Fixed and intangible assets (232 ) (311 ) Low-income housing partnerships (17 ) (25 ) Unremitted foreign earnings — (7 ) Other (19 ) (24 ) Total deferred tax liabilities (268 ) (367 ) Net deferred tax assets (liabilities) $ (34 ) $ (23 ) The Company reviews its deferred tax assets for recoverability on a quarterly basis. A valuation allowance is established when the Company believes that it is more likely than not that some portion of its deferred tax assets will not be realized. Valuation allowances have been provided to reduce deferred tax assets to amounts considered recoverable. Details of the valuation allowance were as follows as of June 30: 2018 2017 Valuation allowance at beginning of year $ (40 ) $ (37 ) Net decrease/(increase) for other foreign deferred tax assets — — Net decrease/(increase) for foreign net operating loss carryforwards and tax credits (3 ) (3 ) Valuation allowance at end of year $ (43 ) $ (40 ) As of June 30, 2018 , the Company had foreign tax credit carryforwards of $27 for U.S. income tax purposes with expiration dates between fiscal years 2024 and 2028 . Tax credit carryforwards in foreign jurisdictions of $23 have expiration dates in fiscal years 2019 and 2020 . Tax credit carryforwards in foreign jurisdictions of $1 can be carried forward indefinitely. Tax benefits from foreign net operating loss carryforwards of $25 have expiration dates between fiscal years 2019 and 2035. Tax benefits from foreign net operating loss carryforwards of $11 can be carried forward indefinitely. The Company files income tax returns in the U.S. federal and various state, local and foreign jurisdictions. The federal statute of limitations has expired for all tax years through June 30, 2014. Various income tax returns in state and foreign jurisdictions are currently in the process of examination. The Company recognizes interest and penalties related to uncertain tax positions as a component of income tax expense. As of June 30, 2018 and 2017 , the total balance of accrued interest and penalties related to uncertain tax positions was $5 and $3 , respectively. Interest and penalties related to uncertain tax positions included in income tax expense resulted in a net expense of $1 in fiscal year 2018 and a net benefit of $1 in fiscal years 2017 and 2016 . The following is a reconciliation of the beginning and ending amounts of the Company’s gross unrecognized tax benefits: 2018 2017 2016 Unrecognized tax benefits at beginning of year $ 40 $ 37 $ 38 Gross increases - tax positions in prior periods 2 1 3 Gross decreases - tax positions in prior periods (1 ) (6 ) (3 ) Gross increases - current period tax positions 8 9 8 Gross decreases - current period tax positions — — — Lapse of applicable statute of limitations (2 ) (1 ) (4 ) Settlements — — (5 ) Unrecognized tax benefits at end of year $ 47 $ 40 $ 37 Included in the balance of unrecognized tax benefits as of June 30, 2018 , 2017 and 2016 , were potential benefits of $33 , $28 and $27 , respectively, which if recognized, would affect the effective tax rate. Recognition of these previously disclosed tax benefits had no impact on the Company’s cash flow or earnings from continuing operations for each of the fiscal years ended June 30, 2018 , 2017 and 2016 . Unrecognized tax benefits are not expected to significantly increase or decrease within the next 12 months.

EMPLOYEE BENEFIT PLANS

EMPLOYEE BENEFIT PLANS	12 Months Ended
	Jun. 30, 2018
Defined Benefit Plan [Abstract]
EMPLOYEE BENEFIT PLANS	EMPLOYEE BENEFIT PLANS Retirement Income Plans The Company has various retirement income plans for eligible domestic and international employees. As of June 30, 2018 and 2017 , the domestic retirement income plans are frozen for most participants, and the benefits of the domestic retirement income plans are generally based on either employee years of service and compensation or a stated dollar amount per year of service. The Company contributed $21 , $31 and $31 to its domestic retirement income plans during fiscal years 2018 , 2017 and 2016 , respectively. The Company's funding policy is to contribute amounts sufficient to meet benefit payments and minimum funding requirements as set forth in employee benefit tax laws plus additional amounts as the Company may determine to be appropriate. Retirement Health Care Plans The Company provides certain health care benefits for employees who meet age, participation and length of service requirements at retirement. The plans pay stated percentages of covered expenses after annual deductibles have been met or stated reimbursements up to a specified dollar subsidy amount. Benefits paid take into consideration payments by Medicare for the domestic plan. The plans are funded as claims are paid, and the Company has the right to modify or terminate certain plans. The assumed domestic health care cost trend rate used in measuring the accumulated benefit obligation (ABO) was 6.25% for both medical and prescription drugs for fiscal year 2018 . These rates have been assumed to gradually decrease each year until an assumed ultimate trend of 4.50% is reached in 2037 . The health care cost trend rate assumption has a minimal effect on the amounts reported due primarily to the existence of benefit cap provisions in the Company’s domestic plan. As such, the effect of a hypothetical 100 basis point increase or decrease in the assumed domestic health care cost trend rate on the total service and interest cost components as well as the postretirement benefit obligation would have been immaterial for each of the fiscal years ended June 30, 2018 , 2017 and 2016 . Benefit Obligation and Funded Status Summarized information for the Company’s retirement income and retirement health care plans as of and for the fiscal years ended June 30 is as follows: Retirement Retirement 2018 2017 2018 2017 Change in benefit obligations: Benefit obligation as of beginning of year $ 633 $ 673 $ 42 $ 47 Service cost 1 1 — — Interest cost 23 22 2 2 Actuarial loss (gain) (21 ) (21 ) (2 ) (4 ) Plan amendments 1 — — — Translation and other adjustments (1 ) — — — Benefits paid (43 ) (42 ) (4 ) (3 ) Benefit obligation as of end of year 593 633 38 42 Change in plan assets: Fair value of assets as of beginning of year $ 434 $ 423 $ — $ — Actual return on plan assets 8 22 — — Employer contributions 22 31 4 3 Benefits paid (43 ) (42 ) (4 ) (3 ) Translation and other adjustments (1 ) — — — Fair value of plan assets as of end of year 420 434 — — Accrued benefit cost, net funded status $ (173 ) $ (199 ) $ (38 ) $ (42 ) Amount recognized in the balance sheets consists of: Pension benefit assets $ 3 $ 2 $ — $ — Current accrued benefit liability (13 ) (15 ) (2 ) (3 ) Non-current accrued benefit liability (163 ) (186 ) (36 ) (39 ) Accrued benefit cost, net $ (173 ) $ (199 ) $ (38 ) $ (42 ) For the retirement income plans, the benefit obligation is the projected benefit obligation (PBO). For the retirement health care plan, the benefit obligation is the ABO. The ABO for all retirement income plans was $592 , $632 and $596 as of June 30, 2018 , 2017 and 2016 , respectively. Retirement income plans with ABO in excess of plan assets as of June 30 were as follows: ABO Exceeds the Fair Value of Plan Assets 2018 2017 Projected benefit obligation $ 571 $ 611 Accumulated benefit obligation 571 610 Fair value of plan assets 395 409 Net Periodic Benefit Cost The net cost of the retirement income and health care plans for the fiscal years ended June 30 included the following components: Retirement Income Retirement Health Care 2018 2017 2016 2018 2017 2016 Service cost $ 1 $ 1 $ 1 $ — $ — $ — Interest cost 23 22 26 2 2 2 Expected return on plan assets (19 ) (20 ) (17 ) — — — Amortization of unrecognized items 10 11 10 (3 ) (2 ) (3 ) Total $ 15 $ 14 $ 20 $ (1 ) $ — $ (1 ) Items not yet recognized as a component of postretirement expense as of June 30, 2018 , consisted of: Retirement Retirement Net actuarial loss (gain) $ 242 $ (17 ) Prior service benefit — (3 ) Net deferred income tax (assets) liabilities (91 ) 7 Accumulated other comprehensive loss (income) $ 151 $ (13 ) Net actuarial loss (gain) recorded in Accumulated other comprehensive net (losses) income for the fiscal year ended June 30, 2018 , included the following: Retirement Retirement Net actuarial loss (gain) as of beginning of year $ 262 $ (16 ) Amortization during the year (10 ) 1 Loss (gain) during the year (10 ) (2 ) Net actuarial loss (gain) as of end of year $ 242 $ (17 ) The Company uses the straight-line amortization method for unrecognized prior service costs and benefits. In fiscal year 2019 , the Company expects to recognize, on a pre-tax basis, $9 of the net actuarial loss as a component of net periodic benefit cost for the retirement income plans. In addition, in fiscal year 2019 , the Company expects to recognize, on a pre-tax basis, $2 of the net actuarial gain as a component of net periodic benefit cost for the retirement health care plans. Assumptions Weighted-average assumptions used to estimate the actuarial present value of benefit obligations as of June 30 were as follows: Retirement Income Retirement Health Care 2018 2017 2018 2017 Discount rate 4.10 % 3.70 % 4.01 % 3.66 % Rate of compensation increase 2.87 % 2.83 % n/a n/a Weighted-average assumptions used to estimate the retirement income and retirement health care costs as of June 30 were as follows: Retirement Income 2018 2017 2016 Discount rate 3.70 % 3.42 % 4.20 % Rate of compensation increase 2.83 % 2.92 % 3.37 % Expected return on plan assets 4.43 % 4.73 % 4.34 % Retirement Health Care 2018 2017 2016 Discount rate 3.66 % 3.42 % 4.16 % The expected long-term rate of return assumption is based on an analysis of historical experience of the portfolio and the summation of prospective returns for each asset class in proportion to the fund’s current asset allocation. Expected Benefit Payments Expected benefit payments for the Company’s retirement income and retirement health care plans as of June 30, 2018 , were as follows: Retirement Retirement 2019 $ 38 $ 3 2020 52 3 2021 37 3 2022 37 3 2023 37 3 Fiscal years 2024 through 2028 190 14 Expected benefit payments are based on the same assumptions used to measure the benefit obligations and include estimated future employee service. Plan Assets The target allocations and weighted average asset allocations by asset category of the investment portfolio for the Company’s domestic retirement income plans as of June 30 were: % Target Allocation % of Plan Assets 2018 2017 2018 2017 U.S. equity 11 % 11 % 11 % 11 % International equity 12 % 12 % 12 % 12 % Fixed income 74 % 74 % 74 % 73 % Other 3 % 3 % 3 % 4 % Total 100 % 100 % 100 % 100 % The target asset allocation is determined based on the optimal balance between risk and return and, at times, may be adjusted to achieve the plan’s overall investment objective to generate sufficient resources to pay current and projected plan obligations over the life of the domestic retirement income plan. The following table sets forth by level within the fair value hierarchy, the retirement income plans’ assets carried at fair value as of June 30: 2018 Level 1 Level 2 Total Cash equivalents $ 3 $ — $ 3 Total assets in the fair value hierarchy $ 3 $ — $ 3 Common collective trusts measured at net asset value Bond funds $ 299 International equity funds 60 Domestic equity funds 44 Real estate fund 14 Total common collective trusts measured at net asset value 417 Total assets at fair value $ 420 2017 Level 1 Level 2 Total Cash equivalents $ 2 $ — $ 2 Total assets in the fair value hierarchy $ 2 $ — $ 2 Common collective trusts measured at net asset value Bond funds $ 310 International equity funds 64 Domestic equity funds 46 Real estate fund 12 Total common collective trusts measured at net asset value 432 Total assets at fair value $ 434 The carrying value of cash equivalents approximated its fair value as of June 30, 2018 and 2017 . Common collective trust funds are not publicly traded and were valued at a net asset value unit price determined by the portfolio’s sponsor based on the fair value of underlying assets held by the common collective trust fund on June 30, 2018 and 2017 . The common collective trusts are invested in various trusts that attempt to achieve their investment objectives by investing primarily in other collective investment funds which have characteristics consistent with each trust’s overall investment objective and strategy. Defined Contribution Plans The Company has various defined contribution plans for eligible domestic and international employees. The aggregate cost of the domestic defined contribution plans was $47 , $47 and $45 in fiscal years 2018 , 2017 and 2016 , respectively. The aggregate cost of the international defined contribution plans was $3 for the fiscal years ended June 30, 2018 , 2017 and 2016 .

SEGMENT REPORTING

SEGMENT REPORTING	12 Months Ended
	Jun. 30, 2018
Segment Reporting [Abstract]
SEGMENT REPORTING	SEGMENT REPORTING The Company operates through strategic business units that are aggregated into the following four reportable segments based on the economics and nature of the products sold: • Cleaning consists of laundry, home care and professional products marketed and sold in the United States. Products within this segment include laundry additives, including bleach products under the Clorox ® brand and Clorox 2 ® stain fighter and color booster; home care products, primarily under the Clorox ® , Formula 409 ® , Liquid-Plumr ® , Pine-Sol ® , S.O.S ® and Tilex ® brands; naturally derived products under the Green Works ® brand; and professional cleaning, disinfecting and Food service products under the Clorox ® , Dispatch ® , HealthLink ® , Clorox Healthcare ® , Hidden Valley ® , KC Masterpiece ® , and Soy Vay ® brands. • Household consists of charcoal, bags, wraps and containers, cat litter and digestive health products marketed and sold in the United States. Products within this segment include charcoal products under the Kingsford ® and Match Light ® brands; bags, wraps and containers under the Glad ® brand; cat litter products under the Fresh Step ® , Scoop Away ® and Ever Clean ® brands; and digestive health products under the RenewLife ® brand. • Lifestyle consists of food products, water-filtration systems and filters, natural personal care products, and dietary supplements primarily marketed and sold in the United States. Products within this segment include dressings and sauces, primarily under the Hidden Valley ® , KC Masterpiece ® , Kingsford ® and Soy Vay ® brands; water-filtration systems and filters under the Brita ® brand; natural personal care products under the Burt’s Bees ® brand; and dietary supplements under the Rainbow Light ® , Natural Vitality ® , and Neocell ® brands. • International consists of products sold outside the United States. Products within this segment include laundry, home care, water-filtration, digestive health products, charcoal and cat litter products, food products, bags, wraps and containers, natural personal care products and professional cleaning and disinfecting products, primarily under the Clorox ® , Glad ® , PinoLuz ® , Ayudin ® , Limpido ® , Clorinda ® , Poett ® , Mistolin ® , Lestoil ® , Bon Bril ® , Brita ® , Green Works ® , Pine-Sol ® , Agua Jane ® , Chux ® , RenewLife ® , Kingsford ® , Fresh Step ® , Scoop Away ® , Ever Clean ® , KC Masterpiece ® , Hidden Valley ® , Burt’s Bees ® brands and Clorox Healthcare ® brands. Certain non-allocated administrative costs, interest income, interest expense and various other non-operating income and expenses are reflected in Corporate. Corporate assets include cash and cash equivalents, prepaid expenses and other current assets, property and equipment, other investments and deferred taxes. Fiscal Cleaning Household Lifestyle International Corporate Total Net sales 2018 $ 2,060 $ 1,959 $ 1,077 $ 1,028 $ — $ 6,124 2017 2,002 1,961 1,000 1,010 — 5,973 2016 1,912 1,862 990 997 — 5,761 Earnings (losses) from continuing operations before income taxes 2018 574 370 243 84 (217 ) 1,054 2017 523 419 244 81 (234 ) 1,033 2016 511 428 251 66 (273 ) 983 Income from equity investees 2018 — — — 12 — 12 2017 — — — 19 — 19 2016 — — — 15 — 15 Total assets 2018 902 1,223 1,533 1,045 357 5,060 2017 881 1,103 902 1,060 627 4,573 Capital expenditures 2018 60 73 22 33 6 194 2017 76 82 30 37 6 231 2016 44 83 18 24 3 172 Depreciation and amortization 2018 49 65 23 24 5 166 2017 51 64 20 22 6 163 2016 61 60 19 21 4 165 Significant non-cash charges included in earnings (losses) from continuing operations before income taxes: Stock-based compensation 2018 13 12 7 1 20 53 2017 16 15 9 2 9 51 2016 10 8 5 1 21 45 All intersegment sales are eliminated and are not included in the Company’s reportable segments’ net sales. Net sales to the Company’s largest customer, Walmart Stores, Inc. and its affiliates, were 26% , 26% and 27% of consolidated net sales for each of the fiscal years ended June 30, 2018 , 2017 and 2016 , respectively, and occurred across all of the Company’s reportable segments. No other customers accounted for 10% or more of the Company's consolidated net sales in any of these fiscal years. The Company’s product lines that accounted for 10% or more of consolidated net sales for the fiscal years ended June 30 were as follows: 2018 2017 2016 Home Care products 26 % 25 % 24 % Bags, wraps and containers 18 % 18 % 19 % Laundry additives 15 % 15 % 16 % Charcoal products 10 % 11 % 11 % Food products 10 % 10 % 10 % Net sales and property, plant and equipment, net, by geographic area as of and for the fiscal years ended June 30 were as follows: Fiscal United Foreign Total Net sales 2018 $ 5,135 $ 989 $ 6,124 2017 5,001 972 5,973 2016 4,805 956 5,761 Property, plant and equipment, net 2018 887 109 996 2017 823 108 931

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	12 Months Ended
	Jun. 30, 2018
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	RELATED PARTY TRANSACTIONS The Company holds various equity investments with ownership percentages of up to 50% in a number of consumer products businesses, most of which operate outside the United States. The equity investments, presented in Other assets accounted for under the equity method, were $55 and $58 as of the fiscal years ended June 30, 2018 and 2017 , respectively. The Company has no ongoing capital commitments, loan requirements, guarantees or any other types of arrangements under the terms of its agreements that would require any future cash contributions or disbursements arising out of an equity investment. Transactions with the Company’s equity investees typically represent payments for contract manufacturing and purchases of raw materials. Payments to related parties, including equity investees, for such transactions during the fiscal years ended June 30, 2018 , 2017 and 2016 were $55 , $62 and $57 , respectively. Receipts from and ending accounts receivable and payable balances related to the Company’s related parties were not significant during or as of the end of each of the fiscal years presented.

UNAUDITED QUARTERLY DATA

UNAUDITED QUARTERLY DATA	12 Months Ended
	Jun. 30, 2018
Quarterly Financial Data [Abstract]
UNAUDITED QUARTERLY DATA	UNAUDITED QUARTERLY DATA Dollars in millions, except market price and per share data Quarters Ended September 30 December 31 March 31 June 30 Full Year Fiscal year ended June 30, 2018 Net sales $ 1,500 $ 1,416 $ 1,517 $ 1,691 $ 6,124 Cost of products sold $ 827 $ 807 $ 868 $ 947 $ 3,449 Earnings from continuing operations $ 192 $ 233 $ 181 $ 217 $ 823 Earnings (losses) from discontinued operations, net of tax — — — — — Net earnings $ 192 $ 233 $ 181 $ 217 $ 823 Net earnings (losses) per share: Basic Continuing operations $ 1.49 $ 1.81 $ 1.39 $ 1.69 $ 6.37 Discontinued operations — — — — — Basic net earnings per share $ 1.49 $ 1.81 $ 1.39 $ 1.69 $ 6.37 Diluted Continuing operations $ 1.46 $ 1.77 $ 1.37 $ 1.66 $ 6.26 Discontinued operations — — — — — Diluted net earnings per share $ 1.46 $ 1.77 $ 1.37 $ 1.66 $ 6.26 Dividends declared per share $ 0.84 $ 0.84 $ 0.96 $ 0.96 $ 3.60 Market price (NYSE) High $ 139.34 $ 150.40 $ 148.88 $ 136.24 $ 150.40 Low 127.00 124.09 123.64 113.57 113.57 Year-end 135.25 Fiscal year ended June 30, 2017 Net sales $ 1,443 $ 1,406 $ 1,477 $ 1,647 $ 5,973 Cost of products sold $ 803 $ 777 $ 827 $ 895 $ 3,302 Earnings from continuing operations $ 179 $ 150 $ 172 $ 202 $ 703 Earnings (losses) from discontinued operations, net of tax — (1 ) — (1 ) (2 ) Net earnings $ 179 $ 149 $ 172 $ 201 $ 701 Net earnings (losses) per share: Basic Continuing operations $ 1.39 $ 1.16 $ 1.34 $ 1.56 $ 5.45 Discontinued operations — — — (0.01 ) (0.02 ) Basic net earnings per share $ 1.39 $ 1.16 $ 1.34 $ 1.55 $ 5.43 Diluted Continuing operations $ 1.36 $ 1.14 $ 1.31 $ 1.53 $ 5.35 Discontinued operations — — — (0.01 ) (0.02 ) Diluted net earnings per share $ 1.36 $ 1.14 $ 1.31 $ 1.52 $ 5.33 Dividends declared per share $ 0.80 $ 0.80 $ 0.80 $ 0.84 $ 3.24 Market price (NYSE) High $ 140.47 $ 124.70 $ 139.30 $ 141.76 $ 141.76 Low 121.75 111.24 118.41 127.62 111.24 Year-end 133.24 FIVE-YEAR FINANCIAL SUMMARY The Clorox Company Years ended June 30 Dollars in millions, except per share data 2018 2017 2016 2015 2014 OPERATIONS Net sales $ 6,124 $ 5,973 $ 5,761 $ 5,655 $ 5,514 Gross profit 2,675 2,671 2,598 2,465 2,356 Earnings from continuing operations $ 823 $ 703 $ 648 $ 606 $ 579 (Losses) earnings from discontinued operations, net of tax — (2 ) — (26 ) (21 ) Net earnings $ 823 $ 701 $ 648 $ 580 $ 558 COMMON STOCK Earnings per share Continuing operations Basic $ 6.37 $ 5.45 $ 5.01 $ 4.65 $ 4.47 Diluted 6.26 5.35 4.92 4.57 4.39 Dividends declared per share 3.60 3.24 3.11 2.99 2.87 As of June 30 Dollars in millions 2018 2017 2016 2015 2014 OTHER DATA Total assets (1) $ 5,060 $ 4,573 $ 4,510 $ 4,154 $ 4,251 Long-term debt (1) 2,284 1,391 1,789 1,786 1,588 (1) Amounts for the fiscal years ended June 30, 2016, 2015 and 2014 have been retrospectively adjusted to conform to the presentation of debt issuance costs required by ASU No. 2015-03, "Simplifying the Presentation of Debt Issuance Costs."

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	12 Months Ended
	Jun. 30, 2018
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	SUBSEQUENT EVENTS Effective July 1, 2018, under the requirements of U.S. GAAP, Argentina has been designated as a highly inflationary economy since it has experienced cumulative inflation of approximately 100 percent or more over a three-year period. As a result, beginning July 1, 2018, the U.S. dollar will replace the Argentine peso as the functional currency of the Company’s subsidiaries in Argentina (collectively, “Clorox Argentina”). Consequently, future gains or losses from non-U.S. dollar denominated transactions for Clorox Argentina will be recognized in Net earnings. As of June 30, 2018, Clorox Argentina represented approximately 3% of the Company’s consolidated net sales.

VALUATION AND QUALIFYING ACCOUN

VALUATION AND QUALIFYING ACCOUNTS AND RESERVES	12 Months Ended
	Jun. 30, 2018
SEC Schedule, 12-09, Valuation and Qualifying Accounts [Abstract]
VALUATION AND QUALIFYING ACCOUNTS AND RESERVES	Column A Column B Column C Column D Column E Additions Deductions Description Balance at Charged to Charged to other accounts Balance at Allowance for doubtful accounts Year ended June 30, 2018 $ (3 ) $ (4 ) $ — $ — $ (7 ) Year ended June 30, 2017 (5 ) — — 2 (3 ) Year ended June 30, 2016 (4 ) (1 ) — — (5 ) LIFO allowances Year ended June 30, 2018 $ (26 ) $ (1 ) $ — $ — $ (27 ) Year ended June 30, 2017 (32 ) — — 6 (26 ) Year ended June 30, 2016 (34 ) (1 ) — 3 (32 ) Valuation allowance on deferred tax assets Year ended June 30, 2018 $ (40 ) $ (3 ) $ — $ — $ (43 ) Year ended June 30, 2017 (37 ) (3 ) — — (40 ) Year ended June 30, 2016 (34 ) (5 ) — 2 (37 )

SUMMARY OF SIGNIFICANT ACCOUN31

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Jun. 30, 2018
Accounting Policies [Abstract]
Business Description and Basis of Presentation	Nature of Operations and Basis of Presentation The Company is principally engaged in the production, marketing and sales of consumer products through mass retailers, grocery outlets, warehouse clubs, dollar stores, home hardware centers, e-commerce channels, military stores and distributors. The consolidated financial statements include the statements of the Company and its wholly owned and controlled subsidiaries. All significant intercompany transactions and accounts were eliminated in consolidation. Certain prior year reclassifications were made in the consolidated financial statements and related notes to the consolidated financial statements to conform to the current year presentation.
Use of Estimates	Use of Estimates The preparation of these consolidated financial statements in conformity with generally accepted accounting principles in the United States of America (U.S. GAAP) requires management to reach opinions as to estimates and assumptions that affect reported amounts and related disclosures. Specific areas requiring the application of management’s estimates and judgments include, among others, assumptions pertaining to accruals for consumer and trade-promotion programs, stock-based compensation, retirement income plans, future cash flows associated with impairment testing of goodwill and other long-lived assets and the valuation of the venture agreement terminal obligation, valuation of assets acquired and liabilities assumed in connection with a business combination, 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.
Cash and Cash Equivalents	Cash and Cash Equivalents Cash equivalents consist of highly liquid interest-bearing accounts, time deposits held by financial institutions and money market funds with an initial maturity at purchase of three months or less. The fair value of cash and cash equivalents approximates the carrying amount. The Company’s cash position includes amounts held by foreign subsidiaries and, as a result, the repatriation of certain cash balances from some of the Company’s foreign subsidiaries could result in additional withholding tax costs in certain foreign jurisdictions. However, these cash balances are generally available without legal restriction to fund local business operations. In addition, a portion of the Company’s cash balance is held in U.S. dollars by foreign subsidiaries, whose functional currency is their local currency. Such U.S. dollar balances are reported on the foreign subsidiaries’ books in their functional currency, and the impact on such balances from foreign currency exchange rate differences is recorded in Other (income) expense, net.
Inventories	Inventories The Company values its inventories using both the First-In, First-Out ("FIFO") and the Last-In, First-Out ("LIFO") methods. The FIFO inventory is stated at the lower of cost or net realizable value, which includes any costs to sell or dispose. In addition, appropriate consideration is given to obsolescence, excessive inventory levels, product deterioration and other factors in evaluating net realizable value. The LIFO inventory is stated at the lower of cost or market.
Property, Plant and Equipment and Finite-Lived Intangible Assets	Property, Plant and Equipment and Finite-Lived Intangible Assets Property, plant and equipment and finite-lived intangible assets are stated at cost. Depreciation and amortization expense are primarily calculated by the straight-line method using the estimated useful lives or lives determined by lease contracts for the related assets. The table below provides estimated useful lives of property, plant and equipment by asset classification. Estimated Useful Lives Buildings and leasehold improvements 7 - 40 years Land improvements 10 - 30 years Machinery and equipment 3 - 15 years Computer equipment 3 - 5 years Capitalized software costs 3 - 7 years Property, plant and equipment and finite-lived intangible assets are reviewed for impairment whenever events or changes in circumstances occur that indicate that the carrying amount of an asset (or asset group) may not be fully recoverable. The risk of impairment is initially assessed based on an estimate of the undiscounted cash flows at the lowest level for which identifiable cash flows exist. Impairment occurs when the carrying value of the asset exceeds the estimated future undiscounted cash flows generated by the asset. When impairment is indicated, an impairment charge is recorded for the difference between the carrying value of the asset and its estimated fair market value. Depending on the asset, estimated fair market value may be determined either by use of a discounted cash flow model or by reference to estimated selling values of assets in similar condition.
Capitalization of Software Costs	Capitalization of Software Costs The Company capitalizes certain qualifying costs incurred in the acquisition and development of software for internal use, including the costs of the software, materials, consultants, interest and payroll and payroll-related costs for employees during the application development stage. Internal and external costs incurred during the preliminary project stage and post implementation-operation stage, mainly training and maintenance costs, are expensed as incurred. Once the application is substantially complete and ready for its intended use, qualifying costs are amortized on a straight-line basis over the software’s estimated useful life.
Impairment Review of Goodwill and Indefinite-Lived Intangible Assets	Impairment Review of Goodwill and Indefinite-Lived Intangible Assets The Company tests its goodwill, trademarks with indefinite lives and other indefinite-lived intangible assets annually for impairment in the fiscal fourth quarter unless there are indications during a different interim period that these assets may have become impaired. With respect to goodwill, the Company has the option to first assess qualitative factors such as the maturity and stability of the reporting unit, the magnitude of the excess fair value over carrying value from the prior year’s impairment testing, other reporting unit specific operating results as well as new events and circumstances impacting the operations at the reporting unit level. If the result of a qualitative test indicates a potential for impairment of a reporting unit, a quantitative test is performed. The quantitative test is a two-step process. In the first step, the Company compares the estimated fair value of the reporting unit to its carrying value. In all instances, the estimated fair value exceeded the carrying value of the reporting unit. Had the estimated fair value of any reporting unit been less than its carrying value, the Company would have performed a second step to determine the implied fair value of the reporting unit’s goodwill. If the carrying amount of a reporting unit’s goodwill had exceeded its implied fair value, an impairment charge would have been recorded for the difference between the carrying amount and the implied fair value of the reporting unit’s goodwill. To determine the fair value of a reporting unit as part of its quantitative test, the Company uses a discounted cash flow (DCF) method under the income approach, as it believes that this approach is the most reliable indicator of the fair value of its businesses and the fair value of their future earnings and cash flows. Under this approach, which requires significant judgments, the Company estimates the future cash flows of each reporting unit and discounts these cash flows at a rate of return that reflects their relative risk. The cash flows used in the DCF method are consistent with those the Company uses in its internal planning, which gives consideration to actual business trends experienced, and the broader business strategy for the long term. The other key estimates and factors used in the DCF method include, but are not limited to, future volumes, net sales and expense growth rates, commodity prices, changes in working capital, foreign exchange rates, inflation and a perpetuity growth rate. Changes in such estimates or the application of alternative assumptions could produce different results. For trademarks and other intangible assets with indefinite lives, the Company performs a quantitative analysis to test for impairment. When a quantitative test is performed, the estimated fair value of an asset is compared to its carrying amount. If the carrying amount of such asset exceeds its estimated fair value, an impairment charge is recorded for the difference between the carrying amount and the estimated fair value. The Company uses the income approach to estimate the fair value of its trademarks and other intangible assets with indefinite lives. This approach requires significant judgments in determining both the assets’ estimated cash flows as well as the appropriate discount and foreign exchange rates applied to those cash flows to determine fair value. Changes in such estimates or the use of alternative assumptions could produce different results.
Stock-based Compensation	Stock-based Compensation The Company grants various nonqualified stock-based compensation awards to eligible employees, including stock options, restricted stock and performance shares. For stock options, the Company estimates the fair value of each award on the date of grant using the Black-Scholes valuation model, which requires management to make estimates regarding expected option life, stock price volatility and other assumptions. Groups of employees that have similar historical exercise behavior are considered separately for valuation purposes. The Company estimates stock option forfeitures based on historical data for each employee grouping. The total number of stock options expected to vest is adjusted by actual and estimated forfeitures. Changes to the actual and estimated forfeitures will result in a cumulative adjustment in the period of change. Compensation expense is recorded by amortizing the grant date fair values on a straight-line basis over the vesting period, adjusted for estimated forfeitures. The Company’s performance shares provide for the issuance of common stock to certain managerial staff and executive management if the Company achieves specified performance targets. The number of shares issued is dependent upon the achievement of specified performance targets. The performance period is three years and the payout determination is made at the end of the three -year performance period. Performance shares receive dividends earned during the vesting period upon vesting. The fair value of each grant issued is estimated on the date of grant based on the current market price of the stock. The total amount of compensation expense recognized reflects estimated forfeiture rates and management's assessment of the probability that performance goals will be achieved. A cumulative adjustment is recognized to compensation expense in the current period to reflect any changes in the probability of achievement of performance goals. Cash flows resulting from tax deductions in excess of the cumulative compensation cost recognized for stock-based payment arrangements (excess tax benefits) are primarily classified as operating cash inflows.
Employee Benefits	Employee Benefits The Company accounts for its retirement income and retirement health care plans using actuarial methods . These methods use an attribution approach that generally spreads “plan events” over the service lives or expected lifetime (for frozen plans) of plan participants. Examples of plan events are plan amendments and changes in actuarial assumptions such as the expected return on plan assets, discount rate, rate of compensation increase and certain employee-related factors, such as retirement age and mortality. The principle underlying the attribution approach is that employees render service over their employment period on a relatively “smooth” basis and, therefore, the statement of earnings effects of retirement income and retirement health care plans are recognized in the same pattern. One of the principal assumptions used in the net periodic benefit cost calculation is the expected return on plan assets. The expected return on plan assets may result in recognized expense or income that differs from the actual returns of those plan assets in any given year. Over time, however, the goal is for the expected long-term returns to approximate the actual returns and, therefore, the expectation is that the pattern of income and expense recognition should closely match the pattern of the services provided by the participants. The Company uses a market-related value method for calculating plan assets for purposes of determining the amortization of actuarial gains and losses. The differences between actual and expected returns are recognized in the net periodic benefit cost calculation over the average remaining service period or expected lifetime (for frozen plans) of the plan participants using the corridor approach. Under this approach, only actuarial gains (losses) that exceed 5% of the greater of the projected benefit obligation or the market-related value of assets are amortized to the Company's net periodic benefit cost. In developing its expected return on plan assets, the Company considers the long-term actual returns relative to the mix of investments that comprise its plan assets and also develops estimates of future investment returns by considering external sources. The Company recognizes an actuarial-based obligation at the onset of disability for certain benefits provided to individuals after employment, but before retirement, that include medical, dental, vision, life and other benefits.
Environmental Costs	Environmental Costs The Company is involved in certain environmental remediation and ongoing compliance activities. Accruals for environmental matters are recorded on a site-by-site basis when it is probable that a liability has been incurred and based upon a reasonable estimate of the liability. The Company’s accruals reflect the anticipated participation of other potentially responsible parties in those instances where it is probable that such parties are legally responsible and financially capable of paying their respective shares of the relevant costs. These accruals are adjusted periodically as assessment and remediation efforts progress or as additional technical or legal information becomes available. Actual costs to be incurred at identified sites in future periods may vary from the estimates, given the inherent uncertainties in evaluating environmental exposures. The accrual for environmental matters is included in Accounts payable and accrued liabilities and Other liabilities in the Company’s consolidated balance sheets on an undiscounted basis due to uncertainty regarding the timing of future payments.
Revenue Recognition	Revenue Recognition Sales are recognized as revenue when the risk of loss and title pass to the customer and when all of the following have occurred: a firm sales arrangement exists, pricing is fixed or determinable and collection is reasonably assured. Sales are recorded net of allowances for trade promotions, coupons, returns and other discounts. The Company routinely commits to one-time or ongoing trade-promotion programs with customers and consumer coupon programs that require the Company to estimate and accrue the expected costs of such programs. Programs include shelf price reductions, end-of-aisle or in-store displays of the Company’s products and graphics and other trade-promotion activities conducted by the customer. Coupons are recognized as a liability when distributed based upon expected consumer redemptions. The Company maintains liabilities related to these programs for the estimated expenses incurred, but not paid, at the end of each period. The Company provides an allowance for doubtful accounts based on its historical experience and ongoing assessment of its customers’ credit risk and aging.
Cost of Products Sold	Cost of Products Sold Cost of products sold represents the costs directly related to the manufacture and distribution of the Company’s products and primarily includes raw materials, packaging, contract manufacturing fees, shipping and handling, warehousing, package design, depreciation, amortization, direct and indirect labor and operating costs for the Company’s manufacturing and distribution facilities, including salary, benefit costs and incentive compensation, and royalties and other charges related to the Company’s Glad ® Venture Agreement (See Note 9). Costs associated with developing and designing new packaging, including design, artwork, films and labeling, are expensed as incurred and included within Cost of products sold.
Selling and Administrative Expenses	Selling and Administrative Expenses Selling and administrative expenses represent costs incurred by the Company in generating revenues and managing the business and include market research, commissions and certain administrative expenses. Administrative expenses include salary, benefits, incentive compensation, professional fees and services and other operating costs associated with the Company’s non-manufacturing, non-research and development staff, facilities and equipment, and all software and licensing fees.
Advertising and Research and Development Costs	Advertising and Research and Development Costs The Company expenses advertising and research and development costs in the period incurred.
Income Taxes	Income Taxes The Company uses the asset and liability method to account for income taxes. Deferred tax assets and liabilities are recognized for the anticipated future tax consequences attributable to differences between financial statement amounts and their respective tax basis. Management reviews the Company’s deferred tax assets to determine whether their value can be realized based upon available evidence. A valuation allowance is established when management believes that it is more likely than not that some portion of its deferred tax assets will not be realized. Changes in valuation allowances from period to period are included in the Company’s income tax provision in the period of change. In addition to valuation allowances, the Company provides for uncertain tax positions when such tax positions do not meet certain recognition thresholds or measurement standards. Amounts for uncertain tax positions are adjusted in quarters when new information becomes available or when positions are effectively settled. Per U.S. GAAP, foreign withholding taxes are provided on unremitted foreign earnings that are not indefinitely reinvested at the time the earnings are generated. The Company regularly reviews and assesses whether there are any changes to its indefinite reinvestment assertion. Through the second quarter of fiscal year 2018, the Company had determined that the undistributed earnings of a number of its foreign subsidiaries were indefinitely reinvested. In December 2017, The Tax Cuts and Jobs Act (the Tax Act) was passed into law, which significantly reduced the cost of U.S. repatriation. In the third quarter of fiscal year 2018, the Company concluded an analysis wherein it determined that none of the undistributed earnings of its foreign subsidiaries were indefinitely reinvested. As a result, the Company is providing foreign withholding taxes on the undistributed earnings of all foreign subsidiaries where applicable.
Foreign Currency Transactions and Translations	Foreign Currency Transactions and Translation Local currencies are the functional currencies for substantially all of the Company’s foreign operations. When the transactional currency is different than the functional currency, transaction gains and losses are included as a component of Other (income) expense, net. In addition, certain assets and liabilities denominated in currencies different than a foreign subsidiary’s functional currency are reported on the subsidiary’s books in its functional currency, with the impact from exchange rate differences recorded in Other (income) expense, net. Assets and liabilities of foreign operations are translated into U.S. dollars using the exchange rates in effect at the balance sheet date, while income and expenses are translated at the average monthly exchange rates during the year. Gains and losses on foreign currency translations are reported as a component of Other comprehensive income (loss). The income tax effect of currency translation adjustments is recorded as a component of deferred taxes with an offset to Other comprehensive income (loss) where appropriate.
Derivative Instruments	Derivative Instruments The Company’s use of derivative instruments, principally swaps, futures and forward contracts, is limited to non-trading purposes and is designed to partially manage exposure to changes in commodity prices, interest rates and foreign currencies. The Company’s contracts are hedges for transactions with notional amounts and periods consistent with the related exposures and do not constitute investments independent of these exposures. The changes in the fair value (i.e., gains or losses) of a derivative instrument are recorded as either assets or liabilities in the consolidated balance sheets with an offset to net earnings or Other comprehensive income (loss) depending on whether, for accounting purposes, it has been designated and qualifies as an accounting hedge and, if so, on the type of hedging relationship. The criteria used to determine if hedge accounting treatment is appropriate are: (a) formal designation and documentation of the hedging relationship, the risk management objective and hedging strategy at hedge inception; (b) eligibility of hedged items, transactions and corresponding hedging instrument; and (c) effectiveness of the hedging relationship both at inception of the hedge and on an ongoing basis in achieving the hedging objectives. For those derivative instruments designated and qualifying as hedging instruments, the Company must designate the hedging instrument either as a fair value hedge or as a cash flow hedge. The Company designates its commodity forward and future contracts for forecasted purchases of raw materials, interest rate forward contracts for forecasted interest payments, and foreign currency forward contracts for forecasted purchases of inventory as cash flow hedges. During the fiscal years ended June 30, 2018 , 2017 and 2016 , the Company had no hedging instruments designated as fair value hedges. For derivative instruments designated and qualifying as cash flow hedges, the effective portion of gains or losses is reported as a component of Other comprehensive income (loss) and reclassified into earnings in the same period or periods during which the hedged transaction affects earnings. From time to time, the Company may have contracts not designated as hedges for accounting purposes, for which it recognizes changes in the fair value in the consolidated statement of earnings in the current period. Cash flows from hedging activities are classified as operating activities in the consolidated statements of cash flows.
Recently Issued Accounting Standards	Recently Issued Accounting Standards Recently Issued Accounting Standards Not Yet Adopted In February 2018, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2018-02, “Income Statement-Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income,” which amends its guidance to allow a reclassification from Accumulated Other Comprehensive Income to Retained Earnings for the stranded income tax effects resulting from The Tax Act. The amendments are effective for the Company beginning in the first quarter of fiscal year 2020, with early adoption permitted. The Company is currently evaluating the impact that the adoption of this guidance will potentially have on its consolidated financial statements. In August 2017, the FASB issued ASU No. 2017-12, “Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities,” which amends the hedge accounting recognition and presentation requirements to better align an entity’s risk management activities with its financial reporting. This standard also simplifies the application of hedge accounting in certain situations. The new guidance is effective for the Company beginning in the first quarter of fiscal year 2020, with early adoption permitted. The Company is currently evaluating the impact that the adoption of this guidance will have on its consolidated financial statements. In March 2017, the FASB issued ASU No. 2017-07, “Compensation-Retirement Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost,” which requires presenting the service cost component of net periodic benefit cost in the same income statement line items as other employee compensation costs arising from services rendered during the period. This standard also requires that other components of the net periodic benefit cost be presented separately from the line item(s) that includes service costs and outside of any subtotal of operating income, if one is presented, on a retrospective basis. This new guidance will be adopted in the first quarter of fiscal year 2019 and will not have a material impact on the Company’s consolidated financial statements. In January 2017, the FASB issued ASU No. 2017-04, “Intangibles-Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment,” which eliminates the requirement to calculate the implied fair value of goodwill to measure a goodwill impairment charge. The new guidance is effective for the Company beginning in the first quarter of fiscal year 2021, with early adoption permitted. The Company is currently evaluating the impact that the adoption of this guidance will have on its consolidated financial statements. In February 2016, the FASB issued ASU No. 2016-02, “Leases (Topic 842),” which requires lessees to recognize a right-of-use asset and a lease liability for all leases with terms of more than 12 months. Recognition, measurement and presentation will depend on the classification of a lease as either a finance or an operating lease. ASU 2016-02 also requires expanded disclosures about leasing arrangements. The new guidance is effective for the Company beginning in the first quarter of fiscal year 2020, with early adoption permitted. The Company has initiated its plan for the adoption and implementation of this new accounting standard, including assessing its lease arrangements and implementing software to meet the reporting and disclosure requirements of this standard. Additionally, the Company is in the process of identifying changes to its business processes and controls to support the adoption and is currently evaluating the impact that the adoption of this guidance will have on its consolidated financial statements. Refer to Note 12 for the future minimum annual lease payments required under the Company's existing non-cancelable operating and capital lease agreements as of June 30, 2018. In May 2014, the FASB issued ASU No. 2014-09, “Revenue from Contracts with Customers (Topic 606),” which replaces most of the existing U.S. GAAP revenue recognition guidance and is intended to improve and converge with international standards on the financial reporting requirements for revenue from contracts with customers. The core principle of ASU 2014-09 is that an entity should recognize revenue for the transfer of goods or services equal to the amount that it expects to be entitled to receive for those goods or services. ASU 2014-09 also requires additional disclosures about the nature, timing and uncertainty of revenue and cash flows arising from contracts with customers, including information about significant judgments and changes in judgments. The Company’s revenue is primarily generated from the sale of finished products to customers. Those sales predominantly contain a single delivery element and revenue is recognized at a single point in time when ownership, risks and rewards transfer. This guidance will be adopted in the first quarter of fiscal year 2019 on a modified retrospective basis and will not have a material impact in future periods on its annual consolidated financial statements. However, there will be an impact on the Company’s financial results in interim periods due to the timing of recognition for certain trade promotion spending. The Company is implementing changes to its accounting policies, business processes, systems and controls to align with the new revenue recognition guidance and disclosure requirements. Recently Adopted Accounting Standards In March 2018, the FASB issued ASU No. 2018-05, “Income Taxes (Topic 740)-Amendments to SEC Paragraphs Pursuant to SEC Staff Accounting Bulletin No. 118,” which amends its guidance to address the initial accounting for the income tax effects of the Tax Act, which was enacted on December 22, 2017 (enactment date). This new guidance allows reasonable estimates of income tax effects to be reported as provisional amounts during the measurement period, which is one year from the enactment date, when the necessary information is not available, prepared, or analyzed in sufficient detail to complete the accounting. The amendments also added specific disclosure requirements. The Company has adopted this new guidance. The Company recorded $81 of provisional benefits in the second quarter of fiscal year 2018. Refer to Note 17 for more information. In March 2016, the FASB issued ASU No. 2016-09, “Compensation-Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting,” which simplifies several aspects of the accounting for share-based payment transactions, including requiring excess tax benefits and tax deficiencies to be recognized as income tax benefits or expenses in the consolidated statement of earnings. Additionally, the standard requires cash flows from excess tax benefits and deficiencies, previously classified as a financing activity, to be classified as an operating activity in the consolidated statement of cash flows. The Company adopted this guidance in the first quarter of fiscal year 2017. Excess tax benefits of $22 were recognized in the consolidated statement of earnings and classified as an operating activity in the consolidated statement of cash flows during the year ended June 30, 2017. The prior period consolidated statement of cash flows has not been adjusted as permitted. The guidance allows for a policy election to account for forfeitures as they occur rather than on an estimated basis. The Company did not make this election and will continue to account for forfeitures on an estimated basis.

SUMMARY OF SIGNIFICANT ACCOUN32

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	12 Months Ended
	Jun. 30, 2018
Accounting Policies [Abstract]
Useful Lives of Property, Plant and Equipment and Finite-lived Intangible Assets	The table below provides estimated useful lives of property, plant and equipment by asset classification. Estimated Useful Lives Buildings and leasehold improvements 7 - 40 years Land improvements 10 - 30 years Machinery and equipment 3 - 15 years Computer equipment 3 - 5 years Capitalized software costs 3 - 7 years

BUSINESSES ACQUIRED (Tables)

BUSINESSES ACQUIRED (Tables)	12 Months Ended
	Jun. 30, 2018
Business Combinations [Abstract]
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed	The following table summarizes the estimated fair value of Nutranext's assets acquired and liabilities assumed and the related deferred income taxes as of the acquisition date. Due to the timing of the acquisition, the fair value of the assets acquired and liabilities assumed are based on a preliminary valuation and the Company’s estimates and assumptions are subject to change within the measurement period. The primary areas of the purchase price that are not yet finalized are related to goodwill and income taxes. The weighted-average estimated useful life of intangible assets subject to amortization is 15 years. Nutranext Goodwill ($309 in Lifestyle reportable segment and $102 in Household reportable segment) $ 411 Trademarks 143 Customer relationships 75 Property, plant and equipment 49 Working capital, net 23 Deferred income taxes (20 ) Consideration paid $ 681 The purchase price allocation was finalized during the third quarter of fiscal year 2017. The following table summarizes the final purchase price allocation for the fair value of RenewLife’s assets acquired and liabilities assumed and related deferred income taxes. RenewLife Goodwill $ 137 Trademarks 134 Customer relationships 36 Property, plant and equipment 3 Working capital, net 40 Deferred income taxes (60 ) Consideration paid $ 290

INVENTORIES (Tables)

INVENTORIES (Tables)	12 Months Ended
	Jun. 30, 2018
Inventory Disclosure [Abstract]
Schedule of Inventories	Inventories consisted of the following as of June 30: 2018 2017 Finished goods $ 395 $ 363 Raw materials and packaging 129 119 Work in process 9 3 LIFO allowances (27 ) (26 ) Total $ 506 $ 459

PROPERTY, PLANT AND EQUIPMENT35

PROPERTY, PLANT AND EQUIPMENT, NET (Tables)	12 Months Ended
	Jun. 30, 2018
Property, Plant and Equipment, Net [Abstract]
Property, Plant and Equipment	The components of property, plant and equipment, net, consisted of the following as of June 30: 2018 2017 Machinery and equipment $ 1,808 $ 1,696 Buildings 574 524 Capitalized software costs 375 371 Land and improvements 131 116 Construction in progress 77 130 Computer equipment 92 95 Total 3,057 2,932 Less: Accumulated depreciation and amortization (2,061 ) (2,001 ) Property, plant and equipment, net $ 996 $ 931

GOODWILL, TRADEMARKS AND OTHE36

GOODWILL, TRADEMARKS AND OTHER INTANGIBLE ASSETS (Tables)	12 Months Ended
	Jun. 30, 2018
GOODWILL, TRADEMARKS AND OTHER INTANGIBLE ASSETS [Abstract]
Schedule of Goodwill	The changes in the carrying amount of goodwill by reportable segment for the fiscal years ended June 30, 2018 and 2017 were as follows: Goodwill Cleaning Household Lifestyle International Total Balance June 30, 2016 $ 323 $ 207 $ 244 $ 423 $ 1,197 Effect of foreign currency translation — — — (1 ) (1 ) Balance June 30, 2017 $ 323 $ 207 $ 244 $ 422 $ 1,196 Acquisition — 102 309 — 411 Effect of foreign currency translation — — — (5 ) (5 ) Balance June 30, 2018 $ 323 $ 309 $ 553 $ 417 $ 1,602
Schedule of Intangible Assets	The changes in the carrying amount of trademarks and other intangible assets for the fiscal years ended June 30 were as follows: As of June 30, 2018 As of June 30, 2017 Gross Accumulated Net carrying Gross Accumulated Net carrying Trademarks not subject to amortization $ 778 $ — $ 778 $ 645 $ — $ 645 Trademarks subject to amortization 41 24 17 32 23 9 Other intangible assets 430 296 134 358 290 68 Total $ 1,249 $ 320 $ 929 $ 1,035 $ 313 $ 722

ACCOUNTS PAYABLE AND ACCRUED 37

ACCOUNTS PAYABLE AND ACCRUED LIABILITIES (Tables)	12 Months Ended
	Jun. 30, 2018
Accounts Payable and Accrued Liabilities, Current [Abstract]
Schedule of Accounts Payable and Accrued Liabilities	Accounts payable and accrued liabilities consisted of the following as of June 30: 2018 2017 Accounts payable $ 507 $ 501 Compensation and employee benefit costs 154 162 Trade and sales promotion 91 117 Dividends 129 116 Other 120 109 Total $ 1,001 $ 1,005

DEBT (Tables)

DEBT (Tables)	12 Months Ended
	Jun. 30, 2018
Debt Disclosure [Abstract]
Schedule of Short-term Debt	Notes and loans payable, which mature in less than one year, included the following as of June 30: 2018 2017 Commercial paper $ 199 $ 403 Foreign borrowings — 1 Total $ 199 $ 404
Schedule of Long-term Debt Instruments	Long-term debt, carried at face value net of unamortized discounts, premiums and debt issuance costs, included the following as of June 30: 2018 2017 Senior unsecured notes and debentures: 5.95%, $400 due October 2017 $ — $ 400 3.80%, $300 due November 2021 298 298 3.05%, $600 due September 2022 597 596 3.50%, $500 due December 2024 497 497 3.10%, $400 due October 2027 397 — 3.90%, $500 due May 2028 495 — Total 2,284 1,791 Less: Current maturities of long-term debt — (400 ) Long-term debt $ 2,284 $ 1,391
Schedule of Line of Credit Facilities	The Company’s borrowing capacity under other financing arrangements as of June 30 was as follows: 2018 2017 Revolving credit facility $ 1,100 $ 1,100 Foreign and other credit lines 37 29 Total $ 1,137 $ 1,129

OTHER LIABILITIES (Tables)

OTHER LIABILITIES (Tables)	12 Months Ended
	Jun. 30, 2018
Other Liabilities Disclosure [Abstract]
Other Noncurrent Liabilities	Other liabilities consisted of the following as of June 30: 2018 2017 Venture agreement terminal obligation, net $ 341 $ 317 Employee benefit obligations 283 298 Taxes 52 42 Other 102 113 Total $ 778 $ 770

FINANCIAL INSTRUMENTS AND FAI40

FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS (Tables)	12 Months Ended
	Jun. 30, 2018
FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS [Abstract]
Schedule of Derivative Instruments, Effect on Other Comprehensive Income (Loss)	The effects of derivative instruments designated as hedging instruments on Other comprehensive income and Net earnings were as follows during the fiscal years ended June 30: Gains (losses) 2018 2017 2016 Commodity purchase derivative contracts $ 4 $ (3 ) $ (4 ) Foreign exchange derivative contracts 2 (1 ) (3 ) Interest rate derivative contracts 2 — — Total $ 8 $ (4 ) $ (7 )
Schedule of Derivatives Instruments Statements of Financial Performance and Financial Position, Location	Gains (losses) reclassified from Accumulated 2018 2017 2016 Commodity purchase derivative contracts $ 1 $ (2 ) $ (13 ) Foreign exchange derivative contracts (1 ) (3 ) 1 Interest rate derivative contracts (6 ) (6 ) (6 ) Total $ (6 ) $ (11 ) $ (18 )
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis	The following table summarizes the fair value of Company’s assets and liabilities for which disclosure of fair value is required as of June 30: 2018 2017 Assets Balance sheet classification Fair value Carrying Estimated Carrying Estimated Investments including money market funds Cash and cash equivalents (a) 1 $ 24 $ 24 $ 221 $ 221 Time deposits Cash and cash equivalents (a) 2 23 23 115 115 Commodity purchase swaps contracts Prepaid expenses and other current assets 2 3 3 1 1 Foreign exchange forward contracts Prepaid expenses and other current assets 2 2 2 — — Trust assets for nonqualified deferred compensation plans Other assets 1 86 86 72 72 $ 138 $ 138 $ 409 $ 409 Liabilities Notes and loans payable Notes and loans payable (b) 2 $ 199 $ 199 $ 404 $ 404 Commodity purchase futures contracts Accounts payable and accrued liabilities 1 1 1 — — Commodity purchase swaps contracts Accounts payable and accrued liabilities 2 — — 1 1 Foreign exchange forward contracts Accounts payable and accrued liabilities 2 — — 1 1 Current maturities of long-term debt and Long-term debt Current maturities of long- (c) 2 2,284 2,269 1,791 1,855 $ 2,484 $ 2,469 $ 2,197 $ 2,261 (a) Cash and cash equivalents are composed of time deposits and other interest-bearing investments, including money market funds with original maturity dates of 90 days or less. Cash and cash equivalents are recorded at cost, which approximates fair value. (b) Notes and loan payable is composed of U.S. commercial paper and/or other similar short-term debts issued by non-U.S. subsidiaries, all of which are recorded at cost, which approximates fair value. (c) Current maturities of long-term debt and Long-term debt are recorded at cost. The fair value of Long-term debt, including current maturities, was determined using secondary market prices quoted by corporate bond dealers, and is classified as Level 2 .

LEASES AND OTHER COMMITMENTS (T

LEASES AND OTHER COMMITMENTS (Tables)	12 Months Ended
	Jun. 30, 2018
LEASES AND OTHER COMMITMENTS [Abstract]
Schedule of future minimum annual lease commitments required under existing non-cancelable operating and capital lease agreements	The future minimum annual lease payments required under the Company’s existing non-cancelable operating and capital lease agreements as of June 30, 2018 , were as follows: Year Operating Capital 2019 $ 56 $ 1 2020 51 — 2021 46 — 2022 36 — 2023 33 — Thereafter 108 — Total $ 330 $ 1
Unrecorded Unconditional Purchase Obligations Disclosure	As of June 30, 2018 , the Company’s purchase obligations were as follows: Year Purchase 2019 $ 169 2020 55 2021 32 2022 20 2023 15 Thereafter 13 Total $ 304

STOCKHOLDERS' EQUITY (Tables)

STOCKHOLDERS' EQUITY (Tables)	12 Months Ended
	Jun. 30, 2018
Stockholders' Equity Note [Abstract]
Schedule of Share Repurchases under Authorized Programs	Stock repurchases under the two stock repurchase programs were as follows during the fiscal years ended June 30: 2018 2017 2016 Amount Shares Amount Shares Amount Shares Open-market purchase program $ 95 749 $ — — $ — — Evergreen Program 177 1,422 189 1,505 254 2,151
Dividends Declared	Dividends per share declared and paid, respectively, during the fiscal years ended June 30 were as follows: 2018 2017 2016 Dividends per share declared $ 3.60 $ 3.24 $ 3.11 Dividends per share paid 3.48 3.20 3.08
Schedule of Accumulated Other Comprehensive Income (Loss)	Changes in Accumulated other comprehensive net (losses) income by component were as follows for the fiscal years ended June 30: Foreign currency Net Pension and Accumulated Balance June 30, 2015 $ (300 ) $ (53 ) $ (149 ) $ (502 ) Other comprehensive income (loss) before reclassifications (43 ) (7 ) (38 ) (88 ) Amounts reclassified from Accumulated other comprehensive net losses — 18 — 18 Income tax benefit (expense) (10 ) (2 ) 14 2 Net current period other comprehensive income (loss) (53 ) 9 (24 ) (68 ) Balance June 30, 2016 (353 ) (44 ) (173 ) (570 ) Other comprehensive income (loss) before (3 ) (4 ) 27 20 Amounts reclassified from Accumulated other comprehensive net losses — 11 9 20 Income tax benefit (expense) — — (13 ) (13 ) Net current period other comprehensive income (loss) (3 ) 7 23 27 Balance June 30, 2017 (356 ) (37 ) (150 ) (543 ) Other comprehensive income (loss) before reclassifications (20 ) 8 11 (1 ) Amounts reclassified from Accumulated other comprehensive net losses — 6 8 14 Income tax benefit (expense) (8 ) (2 ) (7 ) (17 ) Net current period other comprehensive income (loss) (28 ) 12 12 (4 ) Balance June 30, 2018 $ (384 ) $ (25 ) $ (138 ) $ (547 )

NET EARNINGS PER SHARE (EPS) (T

NET EARNINGS PER SHARE (EPS) (Tables)	12 Months Ended
	Jun. 30, 2018
Earnings Per Share [Abstract]
Schedule of Weighted Average Number of Shares	The following is the reconciliation of the weighted average number of shares outstanding (in thousands) used to calculate basic net EPS to those used to calculate diluted net EPS for the fiscal years ended June 30: 2018 2017 2016 Basic 129,293 128,953 129,472 Dilutive effect of stock options and other 2,288 2,613 2,245 Diluted 131,581 131,566 131,717 Antidilutive stock options and other 1,192 11 42

STOCK-BASED COMPENSATION PLANS

STOCK-BASED COMPENSATION PLANS (Tables)	12 Months Ended
	Jun. 30, 2018
Share-based Compensation [Abstract]
Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs	Compensation cost and the related income tax benefit recognized for stock-based compensation plans were classified as indicated below for the fiscal years ended June 30: 2018 2017 2016 Cost of products sold $ 7 $ 7 $ 6 Selling and administrative expenses 42 40 35 Research and development costs 4 4 4 Total compensation costs $ 53 $ 51 $ 45 Related income tax benefit $ 16 $ 19 $ 17
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions	The fair value of each stock option award granted during fiscal years 2018 , 2017 and 2016 was estimated on the date of grant using the Black-Scholes valuation model and assumptions noted in the following table: 2018 2017 2016 Expected life 5.5 years 5.5 years 5.6 years Weighted-average expected life 5.5 years 5.5 years 5.6 years Expected volatility 15.7% to 18.7% 16.2% to 16.9% 16.4% to 17.3% Weighted-average volatility 15.7% 16.9% 17.2% Risk-free interest rate 1.3% to 2.6% 1.3% to 2.2% 1.3% to 1.7% Weighted-average risk-free interest rate 1.8% 1.3% 1.7% Dividend yield 2.4% to 3.0% 2.4% to 2.8% 2.5% to 2.8% Weighted-average dividend yield 2.5% 2.6% 2.8%
Schedule of Share-based Compensation, Stock Options, Activity	Details of the Company’s stock option activities are summarized below: Number of Weighted- Average Aggregate Options outstanding as of June 30, 2017 6,907 $ 93 6 years $ 277 Granted 1,181 136 Exercised (901 ) 80 Canceled (107 ) 123 Options outstanding as of June 30, 2018 7,080 $ 101 6 years $ 240 Options vested as of June 30, 2018 4,366 $ 88 5 years $ 205
Schedule of Share-based Compensation, Restricted Stock Units Award Activity	A summary of the status of the Company’s restricted stock awards is presented below: Number of Weighted-Average Restricted stock awards as of June 30, 2017 18 $ 120 Granted 155 135 Vested (10 ) 110 Forfeited (7 ) 135 Restricted stock awards as of June 30, 2018 156 $ 135
Share-based Compensation, Performance Shares Award Outstanding Activity	A summary of the status of the Company’s performance share awards is presented below: Number of Weighted-Average Performance share awards as of June 30, 2017 862 $ 102 Granted 236 135 Distributed (360 ) 88 Forfeited (40 ) 120 Performance share awards as of June 30, 2018 698 $ 111 Performance shares vested and deferred as of June 30, 2018 154 $ 74

OTHER (INCOME) EXPENSE, NET (Ta

OTHER (INCOME) EXPENSE, NET (Tables)	12 Months Ended
	Jun. 30, 2018
Other Income and Expenses [Abstract]
Major Components of Other (Income) Expense, Net	The major components of Other (income) expense, net, for the fiscal years ended June 30 were: 2018 2017 2016 Income from equity investees $ (12 ) $ (19 ) $ (15 ) Loss (gain) on sale of assets and investments, net 4 (11 ) (11 ) Interest income (6 ) (4 ) (5 ) Asset impairment charges 1 23 10 Amortization of trademarks and other intangible assets 11 10 8 Foreign exchange transaction (gains) losses, net 3 (1 ) 1 Other (4 ) 8 5 Total $ (3 ) $ 6 $ (7 )

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
	Jun. 30, 2018
Income Tax Disclosure [Abstract]
Provision for Income Taxes on Continuing Operations by Tax Jurisdiction	The provision for income taxes on continuing operations, by tax jurisdiction, consisted of the following for the fiscal years ended June 30: 2018 2017 2016 Current Federal $ 177 $ 291 $ 254 State 34 36 31 Foreign 43 38 45 Total current 254 365 330 Deferred Federal (24 ) (29 ) 11 State 3 (2 ) 1 Foreign (2 ) (4 ) (7 ) Total deferred (23 ) (35 ) 5 Total $ 231 $ 330 $ 335
Earnings from Continuing Operations before Income Taxes, by Tax Jurisdiction	The components of earnings from continuing operations before income taxes, by tax jurisdiction, consisted of the following for the fiscal years ended June 30: 2018 2017 2016 United States $ 963 $ 927 $ 900 Foreign 91 106 83 Total $ 1,054 $ 1,033 $ 983
Tax Rate Reconciliation	A reconciliation of the statutory federal income tax rate to the Company’s effective tax rate on continuing operations follows for the fiscal years ended June 30: 2018 2017 2016 Statutory federal tax rate 28.1 % 35.0 % 35.0 % State taxes (net of federal tax benefits) 2.4 2.2 2.1 Tax differential on foreign earnings 1.2 (0.6 ) 0.5 Federal domestic manufacturing deduction (1.8 ) (2.6 ) (2.4 ) Change in valuation allowance 0.3 0.2 0.5 Federal excess tax benefits (1.7 ) (2.0 ) — Reversals of deferred taxes related to foreign unremitted earnings (2.6 ) — — Remeasurement of deferred taxes (3.1 ) — — Other differences (1.0 ) (0.3 ) (1.6 ) Effective tax rate 21.8 % 31.9 % 34.1 %
Components of Net Deferred Tax Assets (Liabilities)	The components of net deferred tax assets (liabilities) as of June 30 are shown below: 2018 2017 Deferred tax assets Compensation and benefit programs $ 103 $ 182 Net operating loss and tax credit carryforwards 86 52 Accruals and reserves 28 41 Basis difference related to Venture Agreement 19 30 Inventory costs 16 25 Other 25 54 Subtotal 277 384 Valuation allowance (43 ) (40 ) Total deferred tax assets 234 344 Deferred tax liabilities Fixed and intangible assets (232 ) (311 ) Low-income housing partnerships (17 ) (25 ) Unremitted foreign earnings — (7 ) Other (19 ) (24 ) Total deferred tax liabilities (268 ) (367 ) Net deferred tax assets (liabilities) $ (34 ) $ (23 )
Summary of Changes in Deferred Tax Asset Valuation Allowance	Details of the valuation allowance were as follows as of June 30: 2018 2017 Valuation allowance at beginning of year $ (40 ) $ (37 ) Net decrease/(increase) for other foreign deferred tax assets — — Net decrease/(increase) for foreign net operating loss carryforwards and tax credits (3 ) (3 ) Valuation allowance at end of year $ (43 ) $ (40 )
Reconciliation of Gross Unrecognized Tax Benefits	The following is a reconciliation of the beginning and ending amounts of the Company’s gross unrecognized tax benefits: 2018 2017 2016 Unrecognized tax benefits at beginning of year $ 40 $ 37 $ 38 Gross increases - tax positions in prior periods 2 1 3 Gross decreases - tax positions in prior periods (1 ) (6 ) (3 ) Gross increases - current period tax positions 8 9 8 Gross decreases - current period tax positions — — — Lapse of applicable statute of limitations (2 ) (1 ) (4 ) Settlements — — (5 ) Unrecognized tax benefits at end of year $ 47 $ 40 $ 37

EMPLOYEE BENEFIT PLANS (Tables)

EMPLOYEE BENEFIT PLANS (Tables)	12 Months Ended
	Jun. 30, 2018
Defined Benefit Plan [Abstract]
Changes in Projected Benefit Obligations, Fair Value of Plan Assets, and Funded Status of Plan	Summarized information for the Company’s retirement income and retirement health care plans as of and for the fiscal years ended June 30 is as follows: Retirement Retirement 2018 2017 2018 2017 Change in benefit obligations: Benefit obligation as of beginning of year $ 633 $ 673 $ 42 $ 47 Service cost 1 1 — — Interest cost 23 22 2 2 Actuarial loss (gain) (21 ) (21 ) (2 ) (4 ) Plan amendments 1 — — — Translation and other adjustments (1 ) — — — Benefits paid (43 ) (42 ) (4 ) (3 ) Benefit obligation as of end of year 593 633 38 42 Change in plan assets: Fair value of assets as of beginning of year $ 434 $ 423 $ — $ — Actual return on plan assets 8 22 — — Employer contributions 22 31 4 3 Benefits paid (43 ) (42 ) (4 ) (3 ) Translation and other adjustments (1 ) — — — Fair value of plan assets as of end of year 420 434 — — Accrued benefit cost, net funded status $ (173 ) $ (199 ) $ (38 ) $ (42 )
Schedule of Amounts Recognized in the Balance Sheets	Amount recognized in the balance sheets consists of: Pension benefit assets $ 3 $ 2 $ — $ — Current accrued benefit liability (13 ) (15 ) (2 ) (3 ) Non-current accrued benefit liability (163 ) (186 ) (36 ) (39 ) Accrued benefit cost, net $ (173 ) $ (199 ) $ (38 ) $ (42 )
Schedule of Accumulated Benefit Obligations in Excess of Plan Assets	Retirement income plans with ABO in excess of plan assets as of June 30 were as follows: ABO Exceeds the Fair Value of Plan Assets 2018 2017 Projected benefit obligation $ 571 $ 611 Accumulated benefit obligation 571 610 Fair value of plan assets 395 409
Schedule of Components of Net Periodic Benefit Cost	The net cost of the retirement income and health care plans for the fiscal years ended June 30 included the following components: Retirement Income Retirement Health Care 2018 2017 2016 2018 2017 2016 Service cost $ 1 $ 1 $ 1 $ — $ — $ — Interest cost 23 22 26 2 2 2 Expected return on plan assets (19 ) (20 ) (17 ) — — — Amortization of unrecognized items 10 11 10 (3 ) (2 ) (3 ) Total $ 15 $ 14 $ 20 $ (1 ) $ — $ (1 )
Schedule of Items Not Yet Recognized as a Component of Postretirement Expense	Items not yet recognized as a component of postretirement expense as of June 30, 2018 , consisted of: Retirement Retirement Net actuarial loss (gain) $ 242 $ (17 ) Prior service benefit — (3 ) Net deferred income tax (assets) liabilities (91 ) 7 Accumulated other comprehensive loss (income) $ 151 $ (13 )
Summary of Amounts Recognized in Accumulated Other Comprehensive Net Losses	Net actuarial loss (gain) recorded in Accumulated other comprehensive net (losses) income for the fiscal year ended June 30, 2018 , included the following: Retirement Retirement Net actuarial loss (gain) as of beginning of year $ 262 $ (16 ) Amortization during the year (10 ) 1 Loss (gain) during the year (10 ) (2 ) Net actuarial loss (gain) as of end of year $ 242 $ (17 )
Schedule of Weighted Average Assumptions Used	Weighted-average assumptions used to estimate the actuarial present value of benefit obligations as of June 30 were as follows: Retirement Income Retirement Health Care 2018 2017 2018 2017 Discount rate 4.10 % 3.70 % 4.01 % 3.66 % Rate of compensation increase 2.87 % 2.83 % n/a n/a Weighted-average assumptions used to estimate the retirement income and retirement health care costs as of June 30 were as follows: Retirement Income 2018 2017 2016 Discount rate 3.70 % 3.42 % 4.20 % Rate of compensation increase 2.83 % 2.92 % 3.37 % Expected return on plan assets 4.43 % 4.73 % 4.34 % Retirement Health Care 2018 2017 2016 Discount rate 3.66 % 3.42 % 4.16 %
Schedule of Expected Benefit Payments	Expected benefit payments for the Company’s retirement income and retirement health care plans as of June 30, 2018 , were as follows: Retirement Retirement 2019 $ 38 $ 3 2020 52 3 2021 37 3 2022 37 3 2023 37 3 Fiscal years 2024 through 2028 190 14
Schedule of Target Allocation and Weighted Average Allocation of Plan Assets	The following table sets forth by level within the fair value hierarchy, the retirement income plans’ assets carried at fair value as of June 30: 2018 Level 1 Level 2 Total Cash equivalents $ 3 $ — $ 3 Total assets in the fair value hierarchy $ 3 $ — $ 3 Common collective trusts measured at net asset value Bond funds $ 299 International equity funds 60 Domestic equity funds 44 Real estate fund 14 Total common collective trusts measured at net asset value 417 Total assets at fair value $ 420 2017 Level 1 Level 2 Total Cash equivalents $ 2 $ — $ 2 Total assets in the fair value hierarchy $ 2 $ — $ 2 Common collective trusts measured at net asset value Bond funds $ 310 International equity funds 64 Domestic equity funds 46 Real estate fund 12 Total common collective trusts measured at net asset value 432 Total assets at fair value $ 434 The target allocations and weighted average asset allocations by asset category of the investment portfolio for the Company’s domestic retirement income plans as of June 30 were: % Target Allocation % of Plan Assets 2018 2017 2018 2017 U.S. equity 11 % 11 % 11 % 11 % International equity 12 % 12 % 12 % 12 % Fixed income 74 % 74 % 74 % 73 % Other 3 % 3 % 3 % 4 % Total 100 % 100 % 100 % 100 %

SEGMENT REPORTING (Tables)

SEGMENT REPORTING (Tables)	12 Months Ended
	Jun. 30, 2018
Segment Reporting [Abstract]
Selected Financial Information Relating to the Company's Segments	Fiscal Cleaning Household Lifestyle International Corporate Total Net sales 2018 $ 2,060 $ 1,959 $ 1,077 $ 1,028 $ — $ 6,124 2017 2,002 1,961 1,000 1,010 — 5,973 2016 1,912 1,862 990 997 — 5,761 Earnings (losses) from continuing operations before income taxes 2018 574 370 243 84 (217 ) 1,054 2017 523 419 244 81 (234 ) 1,033 2016 511 428 251 66 (273 ) 983 Income from equity investees 2018 — — — 12 — 12 2017 — — — 19 — 19 2016 — — — 15 — 15 Total assets 2018 902 1,223 1,533 1,045 357 5,060 2017 881 1,103 902 1,060 627 4,573 Capital expenditures 2018 60 73 22 33 6 194 2017 76 82 30 37 6 231 2016 44 83 18 24 3 172 Depreciation and amortization 2018 49 65 23 24 5 166 2017 51 64 20 22 6 163 2016 61 60 19 21 4 165 Significant non-cash charges included in earnings (losses) from continuing operations before income taxes: Stock-based compensation 2018 13 12 7 1 20 53 2017 16 15 9 2 9 51 2016 10 8 5 1 21 45
Schedules of Concentration of Risk, by Risk Factor	The Company’s product lines that accounted for 10% or more of consolidated net sales for the fiscal years ended June 30 were as follows: 2018 2017 2016 Home Care products 26 % 25 % 24 % Bags, wraps and containers 18 % 18 % 19 % Laundry additives 15 % 15 % 16 % Charcoal products 10 % 11 % 11 % Food products 10 % 10 % 10 %
Net Sales and Long-Lived Assets By Geographic Area	Net sales and property, plant and equipment, net, by geographic area as of and for the fiscal years ended June 30 were as follows: Fiscal United Foreign Total Net sales 2018 $ 5,135 $ 989 $ 6,124 2017 5,001 972 5,973 2016 4,805 956 5,761 Property, plant and equipment, net 2018 887 109 996 2017 823 108 931

UNAUDITED QUARTERLY DATA (Table

UNAUDITED QUARTERLY DATA (Tables)	12 Months Ended
	Jun. 30, 2018
Quarterly Financial Data [Abstract]
Unaudited Quarterly Data	Dollars in millions, except market price and per share data Quarters Ended September 30 December 31 March 31 June 30 Full Year Fiscal year ended June 30, 2018 Net sales $ 1,500 $ 1,416 $ 1,517 $ 1,691 $ 6,124 Cost of products sold $ 827 $ 807 $ 868 $ 947 $ 3,449 Earnings from continuing operations $ 192 $ 233 $ 181 $ 217 $ 823 Earnings (losses) from discontinued operations, net of tax — — — — — Net earnings $ 192 $ 233 $ 181 $ 217 $ 823 Net earnings (losses) per share: Basic Continuing operations $ 1.49 $ 1.81 $ 1.39 $ 1.69 $ 6.37 Discontinued operations — — — — — Basic net earnings per share $ 1.49 $ 1.81 $ 1.39 $ 1.69 $ 6.37 Diluted Continuing operations $ 1.46 $ 1.77 $ 1.37 $ 1.66 $ 6.26 Discontinued operations — — — — — Diluted net earnings per share $ 1.46 $ 1.77 $ 1.37 $ 1.66 $ 6.26 Dividends declared per share $ 0.84 $ 0.84 $ 0.96 $ 0.96 $ 3.60 Market price (NYSE) High $ 139.34 $ 150.40 $ 148.88 $ 136.24 $ 150.40 Low 127.00 124.09 123.64 113.57 113.57 Year-end 135.25 Fiscal year ended June 30, 2017 Net sales $ 1,443 $ 1,406 $ 1,477 $ 1,647 $ 5,973 Cost of products sold $ 803 $ 777 $ 827 $ 895 $ 3,302 Earnings from continuing operations $ 179 $ 150 $ 172 $ 202 $ 703 Earnings (losses) from discontinued operations, net of tax — (1 ) — (1 ) (2 ) Net earnings $ 179 $ 149 $ 172 $ 201 $ 701 Net earnings (losses) per share: Basic Continuing operations $ 1.39 $ 1.16 $ 1.34 $ 1.56 $ 5.45 Discontinued operations — — — (0.01 ) (0.02 ) Basic net earnings per share $ 1.39 $ 1.16 $ 1.34 $ 1.55 $ 5.43 Diluted Continuing operations $ 1.36 $ 1.14 $ 1.31 $ 1.53 $ 5.35 Discontinued operations — — — (0.01 ) (0.02 ) Diluted net earnings per share $ 1.36 $ 1.14 $ 1.31 $ 1.52 $ 5.33 Dividends declared per share $ 0.80 $ 0.80 $ 0.80 $ 0.84 $ 3.24 Market price (NYSE) High $ 140.47 $ 124.70 $ 139.30 $ 141.76 $ 141.76 Low 121.75 111.24 118.41 127.62 111.24 Year-end 133.24 FIVE-YEAR FINANCIAL SUMMARY The Clorox Company Years ended June 30 Dollars in millions, except per share data 2018 2017 2016 2015 2014 OPERATIONS Net sales $ 6,124 $ 5,973 $ 5,761 $ 5,655 $ 5,514 Gross profit 2,675 2,671 2,598 2,465 2,356 Earnings from continuing operations $ 823 $ 703 $ 648 $ 606 $ 579 (Losses) earnings from discontinued operations, net of tax — (2 ) — (26 ) (21 ) Net earnings $ 823 $ 701 $ 648 $ 580 $ 558 COMMON STOCK Earnings per share Continuing operations Basic $ 6.37 $ 5.45 $ 5.01 $ 4.65 $ 4.47 Diluted 6.26 5.35 4.92 4.57 4.39 Dividends declared per share 3.60 3.24 3.11 2.99 2.87 As of June 30 Dollars in millions 2018 2017 2016 2015 2014 OTHER DATA Total assets (1) $ 5,060 $ 4,573 $ 4,510 $ 4,154 $ 4,251 Long-term debt (1) 2,284 1,391 1,789 1,786 1,588 (1) Amounts for the fiscal years ended June 30, 2016, 2015 and 2014 have been retrospectively adjusted to conform to the presentation of debt issuance costs required by ASU No. 2015-03, "Simplifying the Presentation of Debt Issuance Costs."

SUMMARY OF SIGNIFICANT ACCOUN50

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Cash and Cash Equivalents) (Details) - USD ($) $ in Millions	Jun. 30, 2018	Jun. 30, 2017
Accounting Policies [Abstract]
Restricted cash and cash equivalents	$ 3	$ 2

SUMMARY OF SIGNIFICANT ACCOUN51

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Schedule of Estimated Useful Lives of Property, Plant and Equipment) (Details)	12 Months Ended
	Jun. 30, 2018
Minimum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful life	2 years
Maximum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful life	30 years
Building and Building Improvements [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life	7 years
Building and Building Improvements [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life	40 years
Land Improvements [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life	10 years
Land Improvements [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life	30 years
Machinery and Equipment [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life	3 years
Machinery and Equipment [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life	15 years
Computer Equipment [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life	3 years
Computer Equipment [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life	5 years
Software and Software Development Costs [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful life	3 years
Software and Software Development Costs [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful life	7 years

SUMMARY OF SIGNIFICANT ACCOUN52

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Additional Information) (Details) $ in Millions	3 Months Ended	12 Months Ended
	Dec. 31, 2017USD ($)	Jun. 30, 2018USD ($)instrument	Jun. 30, 2017USD ($)instrument	Jun. 30, 2016instrument
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Performance period for performance awards		3 years
Minimum percentage for calculating the amortization of actuarial gains and losses under the corridor approach		5.00%
Allowance for doubtful accounts		$ 7	$ 3
Nontrade receivables, current		$ 10	$ 3
Number of hedging instruments designated as fair value hedges | instrument		0	0	0
Tax Cuts And Jobs Act Of 2017, provisional income tax benefit	$ 81
Excess tax benefits		$ 19	$ 22

DISCONTINUED OPERATIONS DISCONT

DISCONTINUED OPERATIONS DISCONTINUED OPERATIONS (Narrative) (Details) - USD ($)	12 Months Ended			39 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2016	Sep. 30, 2014
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Net sales	$ 0	$ 0	$ 0
Clorox Venezuela [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Minimum of percentage of products required to be sold at frozen price				66.67%

BUSINESSES ACQUIRED (Narrative)

BUSINESSES ACQUIRED (Narrative) (Details) - USD ($) $ in Millions	May 02, 2016	Jun. 30, 2018	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2016	Apr. 02, 2018	Mar. 31, 2017
Business Acquisition [Line Items]
Amount paid for acquisition			$ 681	$ 0	$ 290
Goodwill		$ 1,602	1,602	1,196	1,197
Nutranext [Member]
Business Acquisition [Line Items]
Percentage of business acquired						100.00%
Amount paid for acquisition			$ 681
Goodwill						$ 411
Goodwill expected to be tax deductible						363
The weighted-average estimated useful life of intangible assets subject to amortization			15 years
Net sales		53
RenewLife [Member]
Business Acquisition [Line Items]
Percentage of business acquired	100.00%
Amount paid for acquisition	$ 290
Goodwill							$ 137
Lifestyle [Member]
Business Acquisition [Line Items]
Goodwill		553	$ 553	244	244
Lifestyle [Member] | Nutranext [Member]
Business Acquisition [Line Items]
Goodwill						309
Household [Member]
Business Acquisition [Line Items]
Goodwill		$ 309	$ 309	$ 207	$ 207
Household [Member] | Nutranext [Member]
Business Acquisition [Line Items]
Goodwill						$ 102

BUSINESSES ACQUIRED (Fair Value

BUSINESSES ACQUIRED (Fair Value Of Assets Acquired and Liabilities Assumed) (Details) - USD ($) $ in Millions	Jun. 30, 2018	Apr. 02, 2018	Jun. 30, 2017	Mar. 31, 2017	Jun. 30, 2016
Business Acquisition [Line Items]
Goodwill	$ 1,602		$ 1,196		$ 1,197
RenewLife [Member]
Business Acquisition [Line Items]
Goodwill				$ 137
Property, plant and equipment				3
Working capital, net				40
Deferred income taxes				(60)
Consideration paid				290
Nutranext [Member]
Business Acquisition [Line Items]
Goodwill		$ 411
Property, plant and equipment		49
Working capital, net		23
Deferred income taxes		(20)
Consideration paid		681
Trademarks [Member] | RenewLife [Member]
Business Acquisition [Line Items]
Other intangible assets				134
Trademarks [Member] | Nutranext [Member]
Business Acquisition [Line Items]
Other intangible assets		143
Customer Relationships [Member] | RenewLife [Member]
Business Acquisition [Line Items]
Other intangible assets				$ 36
Customer Relationships [Member] | Nutranext [Member]
Business Acquisition [Line Items]
Other intangible assets		$ 75

INVENTORIES (Details)

INVENTORIES (Details) - USD ($) $ in Millions	Jun. 30, 2018	Jun. 30, 2017
Inventory Disclosure [Abstract]
Finished goods	$ 395	$ 363
Raw materials and packaging	129	119
Work in process	9	3
LIFO allowances	(27)	(26)
Total	$ 506	$ 459
Percentage of LIFO inventory	38.00%	37.00%

PROPERTY, PLANT AND EQUIPMENT57

PROPERTY, PLANT AND EQUIPMENT, NET (Components of Property, Plant and Equipment, Net) (Details) - USD ($) $ in Millions	Jun. 30, 2018	Jun. 30, 2017
Property, Plant and Equipment [Line Items]
Property, plant and equipment	$ 3,057	$ 2,932
Less: Accumulated depreciation and amortization	(2,061)	(2,001)
Property, plant and equipment, net	996	931
Machinery and Equipment [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment	1,808	1,696
Building [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment	574	524
Capitalized software costs [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment	375	371
Land and Land Improvements [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment	131	116
Construction in Progress [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment	77	130
Computer Equipment [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment	$ 92	$ 95

PROPERTY, PLANT AND EQUIPMENT58

PROPERTY, PLANT AND EQUIPMENT, NET (Narrative) (Details) - USD ($)	3 Months Ended	12 Months Ended
	Dec. 31, 2016	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2016
Property, Plant and Equipment [Line Items]
Property, plant and equipment		$ 3,057,000,000	$ 2,932,000,000
Accumulated depreciation and amortization		2,061,000,000	2,001,000,000
Asset retirement obligation, liabilities incurred		0	0
Depreciation and amortization		166,000,000	163,000,000	$ 165,000,000
Asset impairment charges		1,000,000	23,000,000	10,000,000
Non-cash capital expenditures		2,000,000	2,000,000	10,000,000
Assets Held under Capital Leases [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment		13,000,000	13,000,000
Accumulated depreciation and amortization		10,000,000	8,000,000
Land and Land Improvements [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment		131,000,000	116,000,000
Asset retirement obligation		2,000,000	3,000,000
Capitalized software costs [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment		375,000,000	371,000,000
Amortization		11,000,000	15,000,000	16,000,000
Property, Plant and Equipment [Member]
Property, Plant and Equipment [Line Items]
Depreciation and amortization		$ 156,000,000	$ 153,000,000	$ 157,000,000
Aplicare Business [Member]
Property, Plant and Equipment [Line Items]
Asset impairment charges	$ 21,000,000

GOODWILL, TRADEMARKS AND OTHE59

GOODWILL, TRADEMARKS AND OTHER INTANGIBLE ASSETS (Schedule of Goodwill) (Details) - USD ($) $ in Millions	12 Months Ended
	Jun. 30, 2018	Jun. 30, 2017
Goodwill [Roll Forward]
Goodwill, beginning balance	$ 1,196	$ 1,197
Acquisition	411
Effect of foreign currency translation	(5)	(1)
Goodwill, ending balance	1,602	1,196
Cleaning [Member]
Goodwill [Roll Forward]
Goodwill, beginning balance	323	323
Acquisition	0
Effect of foreign currency translation	0	0
Goodwill, ending balance	323	323
Household [Member]
Goodwill [Roll Forward]
Goodwill, beginning balance	207	207
Acquisition	102
Effect of foreign currency translation	0	0
Goodwill, ending balance	309	207
Lifestyle [Member]
Goodwill [Roll Forward]
Goodwill, beginning balance	244	244
Acquisition	309
Effect of foreign currency translation	0	0
Goodwill, ending balance	553	244
International [Member]
Goodwill [Roll Forward]
Goodwill, beginning balance	422	423
Acquisition	0
Effect of foreign currency translation	(5)	(1)
Goodwill, ending balance	$ 417	$ 422

GOODWILL, TRADEMARKS AND OTHE60

GOODWILL, TRADEMARKS AND OTHER INTANGIBLE ASSETS (Schedule of Intangible Assets, Excluding Goodwill) (Details) - USD ($) $ in Millions	Jun. 30, 2018	Jun. 30, 2017
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	$ 1,249	$ 1,035
Accumulated amortization	320	313
Net carrying amount	929	722
Trademarks [Member]
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	41	32
Accumulated amortization	24	23
Net carrying amount	17	9
Other [Member]
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	430	358
Accumulated amortization	296	290
Net carrying amount	134	68
Trademarks [Member]
Indefinite-lived Intangible Assets [Line Items]
Trademarks not subject to amortization	$ 778	$ 645

GOODWILL, TRADEMARKS AND OTHE61

GOODWILL, TRADEMARKS AND OTHER INTANGIBLE ASSETS (Narrative) (Details) - USD ($) $ in Millions	12 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2016
Finite-Lived Intangible Assets [Line Items]
Amortization of intangible assets	$ 10	$ 10	$ 8
Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract]
2,019	14
2,020	13
2,021	12
2,022	11
2,023	$ 12
Indefinite-lived Intangible Assets [Line Items]
Impairment of intangible assets			9
Minimum [Member]
Finite-Lived Intangible Assets [Line Items]
Estimated useful life	2 years
Maximum [Member]
Finite-Lived Intangible Assets [Line Items]
Estimated useful life	30 years
Trademarks [Member] | Aplicare Business [Member]
Indefinite-lived Intangible Assets [Line Items]
Impairment of intangible assets			$ 6

ACCOUNTS PAYABLE AND ACCRUED 62

ACCOUNTS PAYABLE AND ACCRUED LIABILITIES (Details) - USD ($) $ in Millions	Jun. 30, 2018	Jun. 30, 2017
Accounts Payable and Accrued Liabilities, Current [Abstract]
Accounts payable	$ 507	$ 501
Compensation and employee benefit costs	154	162
Trade and sales promotion	91	117
Dividends	129	116
Other	120	109
Total	$ 1,001	$ 1,005

DEBT (Notes and Loans Payable)

DEBT (Notes and Loans Payable) (Details) - USD ($) $ in Millions	Jun. 30, 2018	Jun. 30, 2017
Short-term Debt [Line Items]
Notes and loans payable	$ 199	$ 404
Commercial Paper [Member]
Short-term Debt [Line Items]
Notes and loans payable	199	403
Foreign Borrowings [Member]
Short-term Debt [Line Items]
Notes and loans payable	$ 0	$ 1

DEBT (Narrative) (Details)

DEBT (Narrative) (Details) - USD ($)	1 Months Ended			12 Months Ended
	May 31, 2018	Oct. 31, 2017	Nov. 30, 2015	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2016	Mar. 26, 2018	Sep. 30, 2017	Feb. 08, 2017
Long-term and Short-term Debt [Line Items]
Weighted average interest rate on notes and loans payable				2.10%	1.21%	1.10%
Weighted average interest rates on long-term debt, including the effect of interest rate swaps				3.94%	4.41%	4.37%
Weighted average interest rate on long-term debt				3.81%	4.41%
Long-term Debt, Fiscal Year Maturity [Abstract]
2,019				$ 0
2,020				0
2,021				0
2,022				300,000,000
2,023				600,000,000
Thereafter				1,400,000,000
Repayments on senior notes				400,000,000	$ 0	$ 300,000,000
Line of credit facility, borrowing capacity				$ 1,137,000,000	$ 1,129,000,000
Commercial Paper [Member]
Long-term and Short-term Debt [Line Items]
Weighted average interest rate on commercial paper				2.31%	1.33%
Foreign and Other Credit Lines [Member]
Long-term Debt, Fiscal Year Maturity [Abstract]
Line of credit facility, borrowing capacity				$ 37,000,000	$ 29,000,000
Line of credit facility, amount outstanding				3,000,000	5,000,000
Line of credit facility, remaining borrowing capacity				34,000,000	24,000,000
Revolving Credit Facility [Member]
Long-term Debt, Fiscal Year Maturity [Abstract]
Line of credit facility, borrowing capacity				$ 1,100,000,000	1,100,000,000
Senior Long-Term Notes And Debentures; 3.90%, $500 Due May 2028 [Member]
Long-term Debt, Fiscal Year Maturity [Abstract]
Annual fixed interest rate	3.90%			3.90%
Face value	$ 500,000,000			$ 500,000,000
Effective interest rate	4.02%
Senior Long-Term Notes And Debentures; 3.10%, $400 Due October 2027 [Member]
Long-term Debt, Fiscal Year Maturity [Abstract]
Annual fixed interest rate				3.10%				3.10%
Face value				$ 400,000,000				$ 400,000,000
Effective interest rate								3.13%
Senior Long-Term Notes And Debentures; 5.95%, $400 Due October 2017 [Member]
Long-term Debt, Fiscal Year Maturity [Abstract]
Repayments on senior notes		$ 400,000,000
Annual fixed interest rate		5.95%		5.95%
Face value				$ 400,000,000
Senior Long-Term Notes And Debentures; 3.55%, $300 Due November 2015 [Member]
Long-term Debt, Fiscal Year Maturity [Abstract]
Repayments on senior notes			$ 300,000,000
Annual fixed interest rate			3.55%
Revolving Credit Agreement, Matures March 2019 [Member] | Revolving Credit Facility [Member] | Line of Credit [Member]
Long-term Debt, Fiscal Year Maturity [Abstract]
Line of credit facility, borrowing capacity							$ 250,000,000
Debt Instrument, Termination Fees And Penalties	$ 0
Revolving Credit Agreement, Matures February 2022 [Member] | Revolving Credit Facility [Member]
Long-term Debt, Fiscal Year Maturity [Abstract]
Line of credit facility, borrowing capacity									$ 1,100,000,000
Line of credit facility, amount outstanding				$ 0	$ 0
Revolving Credit Agreement, Matures October 2019 [Member] | Revolving Credit Facility [Member]
Long-term Debt, Fiscal Year Maturity [Abstract]
Line of credit facility, borrowing capacity						$ 1,100,000,000

DEBT (Long-term Debt, Net of Un

DEBT (Long-term Debt, Net of Unamortized Discounts or Premiums) (Details) - USD ($)	Jun. 30, 2018	May 31, 2018	Oct. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2014
Debt Instrument [Line Items]
Long-term debt	$ 2,284,000,000				$ 1,791,000,000
Less: Current maturities of long-term debt	0				(400,000,000)
Long-term debt, noncurrent	$ 2,284,000,000				1,391,000,000	$ 1,789,000,000	$ 1,786,000,000	$ 1,588,000,000
Senior Long-Term Notes And Debentures; 5.95%, $400 Due October 2017 [Member]
Debt Instrument [Line Items]
Annual fixed interest rate	5.95%		5.95%
Face value	$ 400,000,000
Long-term debt	$ 0				400,000,000
Senior Long-Term Notes and Debentures; 3.80%, $300 Due November 2021 [Member]
Debt Instrument [Line Items]
Annual fixed interest rate	3.80%
Face value	$ 300,000,000
Long-term debt	$ 298,000,000				298,000,000
Senior Long-Term Notes and Debentures; 3.05%, $600 Due September 2022 [Member]
Debt Instrument [Line Items]
Annual fixed interest rate	3.05%
Face value	$ 600,000,000
Long-term debt	$ 597,000,000				596,000,000
Senior Long-Term Notes and Debentures; 3.50%, $500 Due December 2024 [Member]
Debt Instrument [Line Items]
Annual fixed interest rate	3.50%
Face value	$ 500,000,000
Long-term debt	$ 497,000,000				497,000,000
Senior Long-Term Notes And Debentures; 3.10%, $400 Due October 2027 [Member]
Debt Instrument [Line Items]
Annual fixed interest rate	3.10%			3.10%
Face value	$ 400,000,000			$ 400,000,000
Long-term debt	$ 397,000,000				0
Senior Long-Term Notes And Debentures; 3.90%, $500 Due May 2028 [Member]
Debt Instrument [Line Items]
Annual fixed interest rate	3.90%	3.90%
Face value	$ 500,000,000	$ 500,000,000
Long-term debt	$ 495,000,000				$ 0

DEBT (Borrowing Capacity Under

DEBT (Borrowing Capacity Under Other Financing Arrangements) (Details) - USD ($) $ in Millions	Jun. 30, 2018	Jun. 30, 2017
Line of Credit Facility [Line Items]
Line of credit facility, borrowing capacity	$ 1,137	$ 1,129
Revolving Credit Facility [Member]
Line of Credit Facility [Line Items]
Line of credit facility, borrowing capacity	1,100	1,100
Foreign And Other Credit Line [Member]
Line of Credit Facility [Line Items]
Line of credit facility, borrowing capacity	$ 37	$ 29

OTHER LIABILITIES (Schedule of

OTHER LIABILITIES (Schedule of Other Liabilities) (Details) - USD ($) $ in Millions	Jun. 30, 2018	Jun. 30, 2017
Other Liabilities Disclosure [Abstract]
Venture agreement terminal obligation, net	$ 341	$ 317
Employee benefit obligations	283	298
Taxes	52	42
Other	102	113
Total	$ 778	$ 770

OTHER LIABILITIES (Narrative) (

OTHER LIABILITIES (Narrative) (Details) - USD ($) $ in Millions	1 Months Ended
	Dec. 31, 2012	Jun. 30, 2018	Jun. 30, 2017
Class of Warrant or Right [Line Items]
Terminal obligation		$ 631
Venture agreement terminal obligation, net		341	$ 317
Sale leaseback transaction, net proceeds, investing activities	$ 108
Lease term	15 years
Deferred gain on sale-lease back, noncurrent portion		$ 29	$ 33
Glad Business [Member]
Class of Warrant or Right [Line Items]
Percentage of ownership by venture partner		20.00%	20.00%

FINANCIAL INSTRUMENTS AND FAI69

FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS (Narrative) (Details) - USD ($)	12 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	May 31, 2018	Sep. 30, 2017
Derivative [Line Items]
Maximum contract duration	2 years
Settlement of interest rate forward contracts	$ 0	$ 0
Cash flow hedge gain (loss) to be reclassified within twelve months	(3,000,000)
Derivative instruments subject to contractually defined counterparty liability position limits	0	1,000,000
Commodity Contract [Member]
Derivative [Line Items]
Cash margin balances amount	$ 2,000,000	1,000,000
Interest Rate Contract [Member]
Derivative [Line Items]
Amortization period of settlement payment	10 years
Total Commodity Purchase Derivative Contracts [Member]
Derivative [Line Items]
Maximum duration, commodity contracts	2 years
Notional amounts	$ 34,000,000	26,000,000
Jet Fuel Swaps [Member]
Derivative [Line Items]
Notional amounts	10,000,000	14,000,000
Soybean Oil Futures [Member]
Derivative [Line Items]
Notional amounts	24,000,000	12,000,000
Purchases of Inventory [Member] | Foreign Exchange Contract [Member]
Derivative [Line Items]
Notional amounts	50,000,000	$ 49,000,000
Other Assets [Member] | Reported Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member] | Trust Assets for nonqualified deferred compensation plans [Member]
Derivative [Line Items]
Increase in deferred compensation plan	14,000,000
Senior Long-Term Notes And Debentures; 3.10%, $400 Due October 2027 [Member]
Derivative [Line Items]
Face value	400,000,000			$ 400,000,000
Senior Long-Term Notes And Debentures; 3.90%, $500 Due May 2028 [Member]
Derivative [Line Items]
Face value	$ 500,000,000		$ 500,000,000

FINANCIAL INSTRUMENTS AND FAI70

FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS (Schedule of the Effects of Derivative Instruments Designated as Hedging Instruments) (Details) - USD ($) $ in Millions	12 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2016
Derivative Instruments, Gain (Loss) [Line Items]
Gains (losses) recognized in Other comprehensive income	$ 8	$ (4)	$ (7)
Gains (losses) reclassified from Accumulated other comprehensive net (losses) income and recognized in Net earnings	(6)	(11)	(18)
Commodity Contract [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gains (losses) recognized in Other comprehensive income	4	(3)	(4)
Gains (losses) reclassified from Accumulated other comprehensive net (losses) income and recognized in Net earnings	1	(2)	(13)
Foreign Exchange Contract [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gains (losses) recognized in Other comprehensive income	2	(1)	(3)
Gains (losses) reclassified from Accumulated other comprehensive net (losses) income and recognized in Net earnings	(1)	(3)	1
Interest Rate Contract [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gains (losses) recognized in Other comprehensive income	2	0	0
Gains (losses) reclassified from Accumulated other comprehensive net (losses) income and recognized in Net earnings	$ (6)	$ (6)	$ (6)

FINANCIAL INSTRUMENTS AND FAI71

FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS (Schedule of Financial Instruments Measured at Fair Value) (Details) - USD ($) $ in Millions	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2014
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Cash and cash equivalents	$ 131	$ 418	$ 401	$ 382
Prepaid expenses and other current assets	74	72
Other assets	222	210
Total assets	5,060	4,573	$ 4,510	$ 4,154	$ 4,251
Notes and loans payable	199	404
Derivative liabilities	1,001	1,005
Current maturities of long-term debt and Long-term debt	2,284	1,791
Total liabilities	4,334	4,031
Reported Value Measurement [Member]
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Total assets	138	409
Total liabilities	2,484	2,197
Estimate of Fair Value Measurement [Member]
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Total assets in the fair value hierarchy	138	409
Total liabilities	2,469	2,261
Cash and Cash Equivalents [Member] | Fair Value, Inputs, Level 1 [Member] | Reported Value Measurement [Member] | Money Market Funds [Member]
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Cash and cash equivalents	24	221
Cash and Cash Equivalents [Member] | Fair Value, Inputs, Level 1 [Member] | Estimate of Fair Value Measurement [Member] | Money Market Funds [Member]
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Cash and cash equivalents	24	221
Cash and Cash Equivalents [Member] | Fair Value, Inputs, Level 2 [Member] | Reported Value Measurement [Member] | Bank Time Deposits [Member]
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Cash and cash equivalents	23	115
Cash and Cash Equivalents [Member] | Fair Value, Inputs, Level 2 [Member] | Estimate of Fair Value Measurement [Member] | Bank Time Deposits [Member]
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Cash and cash equivalents	23	115
Prepaid Expenses and Other Current Assets [Member] | Fair Value, Inputs, Level 2 [Member] | Reported Value Measurement [Member] | Commodity Contract [Member]
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Prepaid expenses and other current assets	3	1
Prepaid Expenses and Other Current Assets [Member] | Fair Value, Inputs, Level 2 [Member] | Reported Value Measurement [Member] | Foreign Exchange Contract [Member]
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Prepaid expenses and other current assets	2	0
Prepaid Expenses and Other Current Assets [Member] | Fair Value, Inputs, Level 2 [Member] | Estimate of Fair Value Measurement [Member] | Commodity Contract [Member]
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Prepaid expenses and other current assets	3	1
Prepaid Expenses and Other Current Assets [Member] | Fair Value, Inputs, Level 2 [Member] | Estimate of Fair Value Measurement [Member] | Foreign Exchange Contract [Member]
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Prepaid expenses and other current assets	2	0
Accounts Payable and Accrued Liabilities [Member] | Fair Value, Inputs, Level 1 [Member] | Reported Value Measurement [Member] | Commodity Contract [Member]
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Derivative liabilities	1	0
Accounts Payable and Accrued Liabilities [Member] | Fair Value, Inputs, Level 1 [Member] | Estimate of Fair Value Measurement [Member] | Commodity Contract [Member]
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Derivative liabilities	1	0
Accounts Payable and Accrued Liabilities [Member] | Fair Value, Inputs, Level 2 [Member] | Reported Value Measurement [Member] | Commodity Contract [Member]
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Derivative liabilities	0	1
Accounts Payable and Accrued Liabilities [Member] | Fair Value, Inputs, Level 2 [Member] | Reported Value Measurement [Member] | Foreign Exchange Contract [Member]
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Derivative liabilities	0	1
Accounts Payable and Accrued Liabilities [Member] | Fair Value, Inputs, Level 2 [Member] | Estimate of Fair Value Measurement [Member] | Commodity Contract [Member]
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Derivative liabilities	0	1
Accounts Payable and Accrued Liabilities [Member] | Fair Value, Inputs, Level 2 [Member] | Estimate of Fair Value Measurement [Member] | Foreign Exchange Contract [Member]
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Derivative liabilities	0	1
CurrentMaturitiesOfLongTermDebtAndLongTermDebtMember | Fair Value, Inputs, Level 2 [Member] | Reported Value Measurement [Member] | Long-term Debt [Member]
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Current maturities of long-term debt and Long-term debt	2,284	1,791
CurrentMaturitiesOfLongTermDebtAndLongTermDebtMember | Fair Value, Inputs, Level 2 [Member] | Estimate of Fair Value Measurement [Member] | Long-term Debt [Member]
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Current maturities of long-term debt and Long-term debt	2,269	1,855
Trust Assets for nonqualified deferred compensation plans [Member] | Other Assets [Member] | Fair Value, Inputs, Level 1 [Member] | Reported Value Measurement [Member]
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Trust assets for nonqualified deferred compensation plans	86	72
Trust Assets for nonqualified deferred compensation plans [Member] | Other Assets [Member] | Fair Value, Inputs, Level 1 [Member] | Estimate of Fair Value Measurement [Member]
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Trust assets for nonqualified deferred compensation plans	86	72
Notes And Loans Payable [Member] | Notes Payable, Other Payables [Member] | Fair Value, Inputs, Level 2 [Member] | Reported Value Measurement [Member]
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Notes and loans payable	199	404
Notes And Loans Payable [Member] | Notes Payable, Other Payables [Member] | Fair Value, Inputs, Level 2 [Member] | Estimate of Fair Value Measurement [Member]
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Notes and loans payable	$ 199	$ 404

OTHER CONTINGENCIES AND GUARA72

OTHER CONTINGENCIES AND GUARANTEES (Details) - USD ($)	12 Months Ended
	Jun. 30, 2018	Jun. 30, 2017
Loss Contingencies [Line Items]
Liability for aggregate future remediation costs	$ 28,000,000	$ 28,000,000
Letter of credit	9,000,000	10,000,000
Letter of credit, amount outstanding	0	0
Dickinson County, Michigan Matter [Member]
Loss Contingencies [Line Items]
Liability for aggregate future remediation costs	$ 12,000,000	12,000,000
Remediation period	30 years
Percentage of liability for aggregate remediation and associated costs, other than legal fees	24.30%
Alameda County, California Matter [Member]
Loss Contingencies [Line Items]
Liability for aggregate future remediation costs	$ 14,000,000	$ 14,000,000
Remediation period	30 years
Maximum undiscounted costs	$ 28,000,000

LEASES AND OTHER COMMITMENTS (D

LEASES AND OTHER COMMITMENTS (Details) - USD ($) $ in Millions	12 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2016
LEASES AND OTHER COMMITMENTS [Abstract]
Operating lease, rent expense	$ 86	$ 84	$ 77
Operating leases
2,019	56
2,020	51
2,021	46
2,022	36
2,023	33
Thereafter	108
Total	330
Capital leases
2,019	1
2,020	0
2,021	0
2,022	0
2,023	0
Thereafter	0
Total	1
Purchase Obligations
2,019	169
2,020	55
2,021	32
2,022	20
2,023	15
Thereafter	13
Total	$ 304

STOCKHOLDERS' EQUITY (Narrative

STOCKHOLDERS' EQUITY (Narrative) (Details)	12 Months Ended
	Jun. 30, 2018USD ($)program	Jun. 30, 2017USD ($)	Jun. 30, 2016USD ($)	May 31, 2018USD ($)
Intercompany Foreign Currency Balance [Line Items]
Number of repurchase programs | program	2
Long term intercompany loans [Member]
Intercompany Foreign Currency Balance [Line Items]
Adjustment for long-term intercompany transactions, gross of tax	$ (9,000,000)	$ (2,000,000)	$ (14,000,000)
Reclassification from Accumulated Other Comprehensive Income, Current Period, before Tax	0	$ 0	$ 0
$2 Billion Open-Market Purchase Program [Member]
Intercompany Foreign Currency Balance [Line Items]
Authorized repurchase amount	2,000,000,000			$ 2,000,000,000
$750 Million Open-Market Purchase Program [Member]
Intercompany Foreign Currency Balance [Line Items]
Authorized repurchase amount				$ 750,000,000
Evergreen Program [Member]
Intercompany Foreign Currency Balance [Line Items]
Authorized repurchase amount	$ 0

STOCKHOLDERS' EQUITY (Share Rep

STOCKHOLDERS' EQUITY (Share Repurchase Programs) (Details) - USD ($) shares in Thousands, $ in Millions	12 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2016
Share Repurchase Programs [Line Items]
Stock repurchased during period, value	$ 272	$ 189	$ 254
$2 Billion Open-Market Purchase Program [Member]
Share Repurchase Programs [Line Items]
Stock repurchased during period, value	$ 95
Stock repurchased during period, shares (in shares)	749
$750 Million Open-Market Purchase Program [Member]
Share Repurchase Programs [Line Items]
Stock repurchased during period, value		$ 0	$ 0
Stock repurchased during period, shares (in shares)		0	0
Evergreen Program [Member]
Share Repurchase Programs [Line Items]
Stock repurchased during period, value	$ 177	$ 189	$ 254
Stock repurchased during period, shares (in shares)	1,422	1,505	2,151

STOCKHOLDERS' EQUITY (Common St

STOCKHOLDERS' EQUITY (Common Stock Dividends) (Details) - $ / shares	3 Months Ended								12 Months Ended
	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2014
Stockholders' Equity Note [Abstract]
Dividends per share declared (in dollars per share)	$ 0.96	$ 0.96	$ 0.84	$ 0.84	$ 0.84	$ 0.8	$ 0.8	$ 0.8	$ 3.6	$ 3.24	$ 3.11	$ 2.99	$ 2.87
Dividends per share paid (in dollars per share)									$ 3.48	$ 3.20	$ 3.08

STOCKHOLDERS' EQUITY (Schedule

STOCKHOLDERS' EQUITY (Schedule of Changes in Accumulated Other Comprehensive Net (Losses) (Details) - USD ($) $ in Millions	12 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2016
Accumulated Foreign Currency Adjustment Attributable to Parent [Member]
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	$ (356)	$ (353)	$ (300)
Other comprehensive income (loss) before reclassifications	(20)	(3)	(43)
Amounts reclassified from Accumulated other comprehensive net losses	0	0	0
Income tax benefit (expense)	(8)	0	(10)
Net current period other comprehensive income (loss)	(28)	(3)	(53)
Ending balance	(384)	(356)	(353)
Accumulated Net Gain (Loss) from Cash Flow Hedges Attributable to Parent [Member]
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	(37)	(44)	(53)
Other comprehensive income (loss) before reclassifications	8	(4)	(7)
Amounts reclassified from Accumulated other comprehensive net losses	6	11	18
Income tax benefit (expense)	(2)	0	(2)
Net current period other comprehensive income (loss)	12	7	9
Ending balance	(25)	(37)	(44)
Accumulated Defined Benefit Plans Adjustment Attributable to Parent [Member]
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	(150)	(173)	(149)
Other comprehensive income (loss) before reclassifications	11	27	(38)
Amounts reclassified from Accumulated other comprehensive net losses	8	9	0
Income tax benefit (expense)	(7)	(13)	14
Net current period other comprehensive income (loss)	12	23	(24)
Ending balance	(138)	(150)	(173)
AOCI Attributable to Parent [Member]
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	(543)	(570)	(502)
Other comprehensive income (loss) before reclassifications	(1)	20	(88)
Amounts reclassified from Accumulated other comprehensive net losses	14	20	18
Income tax benefit (expense)	(17)	(13)	2
Net current period other comprehensive income (loss)	(4)	27	(68)
Ending balance	$ (547)	$ (543)	$ (570)

NET EARNINGS PER SHARE (EPS) (D

NET EARNINGS PER SHARE (EPS) (Details) - shares shares in Thousands	12 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2016
Earnings Per Share [Abstract]
Weighted average shares outstanding - basic (in shares)	129,293	128,953	129,472
Dilutive effect of stock options and other (in shares)	2,288	2,613	2,245
Weighted average shares outstanding - diluted (in shares)	131,581	131,566	131,717
Antidilutive stock options and other (in shares)	1,192	11	42

STOCK-BASED COMPENSATION PLAN79

STOCK-BASED COMPENSATION PLANS (Narrative) (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Millions	1 Months Ended	12 Months Ended
	Nov. 30, 2012	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2016
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of additional shares authorized (in shares)	3,000
Number of shares authorized (in shares)		7,000
Number of shares available for grant (in shares)		7,000
Issuance of common stock for employee stock plans and other		$ 70	$ 81	$ 180
Deferred Stock Units for Nonemployee Directors [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Deferred stock units for nonemployee directors granted (in shares)		13
Deferred stock units for nonemployee directors reinvested dividends (in shares)		5
Deferred stock units for nonemployee directors distributed (in shares)		17
Deferred stock units for nonemployee directors granted weighted average fair value on grant date (in dollars per share)		$ 146.75
Deferred stock units for nonemployee directors reinvested weighted average fair value on grant date (in dollars per share)		129.15
Deferred stock units for nonemployee directors distributed weighted average fair value on grant date (in dollars per share)		$ 65.91
Deferred stock units for nonemployee directors outstanding (in shares)		206
Deferred stock units for nonemployee directors outstanding weighted average fair value on grant date (in dollars per share)		$ 81.01
Employee Stock Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted average fair value per share (in dollars per share)		$ 15.33	$ 13.75	$ 13.21
Total intrinsic value of options exercised		$ 51	$ 65	$ 142
Award vesting period		4 years
Expiration period		10 years
Compensation cost not yet recognized		$ 15
Compensation costs not yet recognized, period for recognition		1 year
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation cost not yet recognized		$ 14
Compensation costs not yet recognized, period for recognition		2 years
Granted (in dollars per share)		$ 135.29	$ 131.67	$ 128.91
Nonvested awards outstanding (in shares)		156	18
Weighted-average grant date fair value per share of nonvested awards (in dollars per share)		$ 135	$ 120
Awards vested (in shares)		10
Fair value of shares vested		$ 1	$ 1	$ 1
Restricted Stock [Member] | Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period		3 years
Restricted Stock [Member] | Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period		4 years
Performance Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation cost not yet recognized		$ 15
Compensation costs not yet recognized, period for recognition		1 year
Granted (in dollars per share)		$ 135.47	$ 122.73	$ 92.35
Nonvested awards outstanding (in shares)		544	738
Weighted-average grant date fair value per share of nonvested awards (in dollars per share)		$ 120.69	$ 108
Awards vested (in shares)		389
Fair value of shares vested		$ 35	$ 0	$ 26

STOCK-BASED COMPENSATION PLAN80

STOCK-BASED COMPENSATION PLANS (Compensation Cost and Related Income Tax Benefit) (Details) - USD ($) $ in Millions	12 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2016
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Stock-based compensation	$ 53	$ 51	$ 45
Related income tax benefit	16	19	17
Cost of Sales [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Stock-based compensation	7	7	6
Selling and Administrative Expense [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Stock-based compensation	42	40	35
Research and Development Expense [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Stock-based compensation	$ 4	$ 4	$ 4

STOCK-BASED COMPENSATION PLAN81

STOCK-BASED COMPENSATION PLANS (Assumptions Utilized in the Valuation in Calculating the Compensation Expense for Stock Options Granted) (Details)	12 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2016
Share-based Compensation [Abstract]
Expected life	5 years 6 months	5 years 6 months	5 years 7 months 6 days
Weighted average expected life	5 years 6 months	5 years 6 months	5 years 7 months 6 days
Expected volatility, minimum	15.70%	16.20%	16.40%
Expected volatility, maximum	18.70%	16.90%	17.30%
Weighted-average volatility	15.70%	16.90%	17.20%
Risk-free interest rate, minimum	1.30%	1.30%	1.30%
Risk-free interest rate, maximum	2.60%	2.20%	1.70%
Weighted-average risk-free interest rate	1.80%	1.30%	1.70%
Dividend yield, minimum	2.40%	2.40%	2.50%
Dividend yield, maximum	3.00%	2.80%	2.80%
Weighted-average dividend yield	2.50%	2.60%	2.80%

STOCK-BASED COMPENSATION PLAN82

STOCK-BASED COMPENSATION PLANS (Summary of Stock Option Activity) (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Millions	12 Months Ended
	Jun. 30, 2018	Jun. 30, 2017
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Outstanding, beginning balance (in shares)	6,907
Granted (in shares)	1,181
Exercised (in shares)	(901)
Canceled (in shares)	(107)
Outstanding, ending balance (in shares)	7,080	6,907
Options vested (in shares)	4,366
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price [Abstract]
Outstanding, beginning balance (in dollars per share)	$ 93
Granted (in dollars per share)	136
Exercised (in dollars per share)	80
Canceled (in dollars per share)	123
Outstanding, ending balance (in dollars per share)	101	$ 93
Options vested (in dollars per share)	$ 88
Share-based Compensation Arrangement by Share-based Payment Award, Options, Additional Disclosures [Abstract]
Average remaining contractual life, options outstanding	6 years	6 years
Average remaining contractual life, options vested	5 years
Options outstanding	$ 240	$ 277
Options vested	$ 205

STOCK-BASED COMPENSATION PLAN83

STOCK-BASED COMPENSATION PLANS (Summary of Restricted Stock Award Activity) (Details) - Restricted Stock [Member] - $ / shares shares in Thousands	12 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2016
Number of Shares
Outstanding, beginning balance (in shares)	18
Granted (in shares)	155
Vested (in shares)	(10)
Forfeited (in shares)	(7)
Outstanding, ending balance (in shares)	156	18
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract]
Outstanding, beginning balance (in dollars per share)	$ 120
Granted (in dollars per share)	135.29	$ 131.67	$ 128.91
Vested (in dollars per share)	110
Forfeited (in dollars per share)	135
Outstanding, ending balance (in dollars per share)	$ 135	$ 120

STOCK-BASED COMPENSATION PLAN84

STOCK-BASED COMPENSATION PLANS (Summary of Performance Stock Award Activity) (Details) - Performance Shares [Member] - $ / shares shares in Thousands	12 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2016
Number of Shares
Outstanding, beginning balance (in shares)	862
Granted (in shares)	236
Distributed (in shares)	(360)
Forfeited (in shares)	(40)
Outstanding, ending balance (in shares)	698	862
Vested and deferred (in shares)	154
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract]
Outstanding, beginning balance (in dollars per share)	$ 102
Granted (in dollars per share)	135.47	$ 122.73	$ 92.35
Distributed (in dollars per share)	88
Forfeited (in dollars per share)	120
Outstanding, ending balance (in dollars per share)	111	$ 102
Vested and deferred (in dollars per share)	$ 74

OTHER (INCOME) EXPENSE, NET (De

OTHER (INCOME) EXPENSE, NET (Details) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Dec. 31, 2016	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2016
Other Income and Expenses [Abstract]
Income from equity investees		$ (12)	$ (19)	$ (15)
Loss (gain) on sale of assets and investments, net		4	(11)	(11)
Interest income		(6)	(4)	(5)
Asset impairment charges		1	23	10
Amortization of trademarks and other intangible assets		11	10	8
Foreign exchange transaction (gains) losses, net		3	(1)	1
Other		4	(8)	(5)
Other (income) expense, net		(3)	6	(7)
Cash proceeds from sale of property, plant, and equipment			23	20
Gain on sale of assets and investments			10	11
Indefinite-lived Intangible Assets [Line Items]
Asset impairment charges		$ 1	23	10
Impairment of intangible assets				9
Aplicare Business [Member]
Other Income and Expenses [Abstract]
Asset impairment charges	$ 21
Indefinite-lived Intangible Assets [Line Items]
Asset impairment charges	$ 21
Aplicare Business [Member] | Trademarks [Member]
Indefinite-lived Intangible Assets [Line Items]
Impairment of intangible assets				$ 6
Alameda County, California Matter [Member]
Indefinite-lived Intangible Assets [Line Items]
Environmental costs recognized			$ 14

INCOME TAXES (Provision for Inc

INCOME TAXES (Provision for Income Taxes by Tax Jurisdiction and Domestic and Foreign Earnings before Taxes) (Details) - USD ($) $ in Millions	12 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2016
Current
Federal	$ 177	$ 291	$ 254
State	34	36	31
Foreign	43	38	45
Total current	254	365	330
Deferred
Federal	(24)	(29)	11
State	3	(2)	1
Foreign	(2)	(4)	(7)
Total deferred	(23)	(35)	5
Total	231	330	335
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest [Abstract]
United States	963	927	900
Foreign	91	106	83
Earnings from continuing operations before income taxes	$ 1,054	$ 1,033	$ 983

INCOME TAXES (Effective Income

INCOME TAXES (Effective Income Tax Rate Reconciliation) (Details)	12 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2016
Income Tax Disclosure [Abstract]
Statutory federal tax rate	28.10%	35.00%	35.00%
State taxes (net of federal tax benefits)	2.40%	2.20%	2.10%
Tax differential on foreign earnings	1.20%	(0.60%)	0.50%
Federal domestic manufacturing deduction	(1.80%)	(2.60%)	(2.40%)
Change in valuation allowance	0.30%	0.20%	0.50%
Federal excess tax benefits	(1.70%)	(2.00%)	0.00%
Reversals of deferred taxes related to foreign unremitted earnings	(2.60%)	0.00%	0.00%
Remeasurement of deferred taxes	(3.10%)	0.00%	0.00%
Other differences	(1.00%)	(0.30%)	(1.60%)
Effective tax rate	21.80%	31.90%	34.10%

INCOME TAXES (Narrative) (Detai

INCOME TAXES (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Dec. 31, 2017	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2016
Tax Credit and Operating Loss Carryforwards [Line Items]
Statutory federal tax rate			28.10%	35.00%	35.00%
Tax Cuts And Jobs Act Of 2017, change in tax rate, deferred tax liability, provisional income tax (expense) benefit	$ 33
Tax Cuts And Jobs Act Of 2017, transition tax for accumulated foreign earnings, deferred tax liability, provisional income tax expense (benefit)	(27)
Tax Cuts And Jobs Act Of 2017, deferred tax liability, provisional income tax expense (benefit)	(60)
Tax Cuts And Jobs Act Of 2017, transition tax for accumulated foreign earnings, income tax expense (benefit), incomplete accounting, provisional amount	7
Tax Cuts And Jobs Act Of 2017, provisional income tax expense (benefit), current taxable year	(28)
Tax Cuts And Jobs Act Of 2017, provisional income tax benefit	$ (81)
Excess tax benefits			$ 19	$ 22
Income tax effects allocated directly to equity, employee stock options					$ 51
Unrecognized tax benefits, income tax penalties and interest accrued			5	3
Unrecognized tax benefits, income tax penalties and interest expense			1	(1)	(1)
Unrecognized tax benefits that would impact effective tax rate			33	28	27
Gross unrecognized tax benefits recognized upon the expiration of the applicable statute of limitations			2	$ 1	$ 4
Foreign Tax Credit Carryforward [Member] | Domestic Tax Authority [Member]
Tax Credit and Operating Loss Carryforwards [Line Items]
Tax credit carryforward, amount			27
Foreign Tax Credit Carryforward [Member] | Foreign Tax Authority [Member]
Tax Credit and Operating Loss Carryforwards [Line Items]
Tax credit carryforward, amount			23
Not Subject to Expiration [Member] | Foreign Tax Authority [Member]
Tax Credit and Operating Loss Carryforwards [Line Items]
Operating loss carryforwards			11
Not Subject to Expiration [Member] | Foreign Tax Credit Carryforward [Member] | Foreign Tax Authority [Member]
Tax Credit and Operating Loss Carryforwards [Line Items]
Tax credit carryforward, amount			1
Subject to Expiration [Member] | Foreign Tax Authority [Member]
Tax Credit and Operating Loss Carryforwards [Line Items]
Operating loss carryforwards			$ 25
Scenario, Forecast [Member]
Tax Credit and Operating Loss Carryforwards [Line Items]
Statutory federal tax rate		21.00%

INCOME TAXES (Components of Net

INCOME TAXES (Components of Net Deferred Tax Assets) (Details) - USD ($) $ in Millions	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2016
Deferred tax assets
Compensation and benefit programs	$ 103	$ 182
Net operating loss and tax credit carryforwards	86	52
Accruals and reserves	28	41
Basis difference related to Venture Agreement	19	30
Inventory costs	16	25
Other	25	54
Subtotal	277	384
Valuation allowance	(43)	(40)	$ (37)
Total deferred tax assets	234	344
Deferred tax liabilities
Fixed and intangible assets	(232)	(311)
Low-income housing partnerships	(17)	(25)
Unremitted foreign earnings	0	(7)
Other	(19)	(24)
Total deferred tax liabilities	(268)	(367)
Net deferred tax assets (liabilities)	$ (34)	$ (23)

INCOME TAXES (Valuation Allowan

INCOME TAXES (Valuation Allowance) (Details) - USD ($) $ in Millions	12 Months Ended
	Jun. 30, 2018	Jun. 30, 2017
SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward]
Valuation allowance at beginning of year	$ (40)	$ (37)
Net decrease/(increase) for other foreign deferred tax assets	0	0
Net decrease/(increase) for foreign net operating loss carryforwards and tax credits	(3)	(3)
Valuation allowance at end of year	$ (43)	$ (40)

INCOME TAXES (Unrecognized Tax

INCOME TAXES (Unrecognized Tax Benefits) (Details) - USD ($) $ in Millions	12 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2016
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns [Roll Forward]
Unrecognized tax benefits at beginning of year	$ 40	$ 37	$ 38
Gross increases - tax positions in prior periods	2	1	3
Gross decreases - tax positions in prior periods	(1)	(6)	(3)
Gross increases - current period tax positions	8	9	8
Gross decreases - current period tax positions	0	0	0
Lapse of applicable statute of limitations	(2)	(1)	(4)
Settlements	0	0	(5)
Unrecognized tax benefits at end of year	$ 47	$ 40	$ 37

EMPLOYEE BENEFIT PLANS (Narrati

EMPLOYEE BENEFIT PLANS (Narrative) (Details) - USD ($) $ in Millions	12 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2016
Retirement Health Care Plans [Member]
Defined Benefit Plan Disclosure [Line Items]
Future amortization of gain (loss)	$ 2
Retirement Income Plans [Member] | Other Postretirement Benefits Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Discretionary contributions	22	$ 31
Accumulated benefit obligation	$ 592	632	$ 596
Domestic Retirement Health Care Plans [Member] | Retirement Health Care Plans [Member]
Defined Benefit Plan Disclosure [Line Items]
Current assumed trend	6.25%
Ultimate trend rate	4.50%
Basis point increase (decrease)	0.10%
Domestic Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Future amortization of gain (loss)	$ (9)
Domestic Plan [Member] | Retirement Income Plans [Member]
Defined Benefit Plan Disclosure [Line Items]
Discretionary contributions	21	31	31
Domestic Defined Contribution Plan [Member]
Defined Contribution Plan Disclosure [Line Items]
Aggregate cost of the defined contribution plans	47	47	45
International Defined Contribution Plan [Member]
Defined Contribution Plan Disclosure [Line Items]
Aggregate cost of the defined contribution plans	$ 3	$ 3	$ 3

EMPLOYEE BENEFIT PLANS (Summari

EMPLOYEE BENEFIT PLANS (Summarized Information for Defined Benefit Retirement Income and Healthcare Plans) (Details) - USD ($) $ in Millions	12 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2016
Retirement Health Care Plans [Member] | Retirement Health Care [Member]
Defined Benefit Plan, Change in Benefit Obligation [Roll Forward]
Benefit obligation as of beginning of year	$ 42	$ 47
Service cost	0	0	$ 0
Interest cost	2	2	2
Actuarial loss (gain)	(2)	(4)
Plan amendments	0	0
Translation and other adjustments	0	0
Benefits paid	(4)	(3)
Benefit obligation as of end of year	38	42	47
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward]
Fair value of assets as of beginning of year	0	0
Actual return on plan assets	0	0
Employer contributions	4	3
Benefits paid	(4)	(3)
Translation and other adjustments	0	0
Fair value of plan assets as of end of year	0	0	0
Accrued benefit cost, net funded status	(38)	(42)
Defined Benefit Plan, Amounts for Asset (Liability) Recognized in Statement of Financial Position [Abstract]
Pension benefit assets	0	0
Current accrued benefit liability	(2)	(3)
Non-current accrued benefit liability	(36)	(39)
Accrued benefit cost, net	(38)	(42)
Other Postretirement Benefits Plan [Member] | Retirement Income Plans [Member]
Defined Benefit Plan, Change in Benefit Obligation [Roll Forward]
Benefit obligation as of beginning of year	633	673
Service cost	1	1	1
Interest cost	23	22	26
Actuarial loss (gain)	(21)	(21)
Plan amendments	1	0
Translation and other adjustments	(1)	0
Benefits paid	(43)	(42)
Benefit obligation as of end of year	593	633	673
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward]
Fair value of assets as of beginning of year	434	423
Actual return on plan assets	8	22
Employer contributions	22	31
Benefits paid	(43)	(42)
Translation and other adjustments	(1)	0
Fair value of plan assets as of end of year	420	434	$ 423
Accrued benefit cost, net funded status	(173)	(199)
Defined Benefit Plan, Amounts for Asset (Liability) Recognized in Statement of Financial Position [Abstract]
Pension benefit assets	3	2
Current accrued benefit liability	(13)	(15)
Non-current accrued benefit liability	(163)	(186)
Accrued benefit cost, net	$ (173)	$ (199)

EMPLOYEE BENEFIT PLANS (Informa

EMPLOYEE BENEFIT PLANS (Information for Retirement Income Plans with Accumulated Benefit Obligation in Excess of Plan Assets) (Details) - Retirement Income Plans [Member] - Other Postretirement Benefits Plan [Member] - USD ($) $ in Millions	Jun. 30, 2018	Jun. 30, 2017
Defined Benefit Plan Disclosure [Line Items]
Projected benefit obligation	$ 571	$ 611
Accumulated benefit obligation	571	610
Fair value of plan assets	$ 395	$ 409

EMPLOYEE BENEFIT PLANS (Compone

EMPLOYEE BENEFIT PLANS (Components of the Net Cost of Retirement Income and Health Care Plans) (Details) - USD ($) $ in Millions	12 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2016
Retirement Health Care [Member] | Retirement Health Care Plans [Member]
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 0	$ 0	$ 0
Interest cost	2	2	2
Expected return on plan assets	0	0	0
Amortization of unrecognized items	(3)	(2)	(3)
Total	(1)	0	(1)
Retirement Income Plans [Member] | Other Postretirement Benefits Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Service cost	1	1	1
Interest cost	23	22	26
Expected return on plan assets	(19)	(20)	(17)
Amortization of unrecognized items	10	11	10
Total	$ 15	$ 14	$ 20

EMPLOYEE BENEFIT PLANS (Items N

EMPLOYEE BENEFIT PLANS (Items Not Yet Recognized as a Component of Postretirement Expense) (Details) - USD ($) $ in Millions	Jun. 30, 2018	Jun. 30, 2017
Retirement Income Plans [Member] | Other Postretirement Benefits Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Net actuarial loss (gain)	$ 242	$ 262
Prior service benefit	0
Net deferred income tax (assets) liabilities	(91)
Accumulated other comprehensive loss (income)	151
Retirement Health Care [Member] | Retirement Health Care Plans [Member]
Defined Benefit Plan Disclosure [Line Items]
Net actuarial loss (gain)	(17)	$ (16)
Prior service benefit	(3)
Net deferred income tax (assets) liabilities	7
Accumulated other comprehensive loss (income)	$ (13)

EMPLOYEE BENEFIT PLANS (Net Act

EMPLOYEE BENEFIT PLANS (Net Actuarial Loss (Gain) and Prior Service Cost (Benefit) Activity Recorded in Accumulated Other Comprehensive Loss (Income)) (Details) $ in Millions	12 Months Ended
	Jun. 30, 2018USD ($)
Retirement Income Plans [Member] | Other Postretirement Benefits Plan [Member]
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Net actuarial loss (gain) as of beginning of year	$ 262
Amortization during the year	(10)
Loss (gain) during the year	(10)
Net actuarial loss (gain) as of end of year	242
Retirement Health Care [Member] | Retirement Health Care Plans [Member]
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Net actuarial loss (gain) as of beginning of year	(16)
Amortization during the year	1
Loss (gain) during the year	(2)
Net actuarial loss (gain) as of end of year	$ (17)

EMPLOYEE BENEFIT PLANS (Weighte

EMPLOYEE BENEFIT PLANS (Weighted-Average Assumptions Used to Estimate the Net Periodic Pension and Other Postretirement Benefit Costs) (Details)	12 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2016
Retirement Health Care [Member] | Retirement Health Care Plans [Member]
Defined Benefit Plan, Weighted Average Assumptions Used in Calculating Benefit Obligation [Abstract]
Discount rate	4.01%	3.66%
Defined Benefit Plan, Weighted Average Assumptions Used in Calculating Net Periodic Benefit Cost [Abstract]
Discount rate	3.66%	3.42%	4.16%
Retirement Income Plans [Member] | Other Postretirement Benefits Plan [Member]
Defined Benefit Plan, Weighted Average Assumptions Used in Calculating Benefit Obligation [Abstract]
Discount rate	4.10%	3.70%
Rate of compensation increase	2.87%	2.83%
Defined Benefit Plan, Weighted Average Assumptions Used in Calculating Net Periodic Benefit Cost [Abstract]
Discount rate	3.70%	3.42%	4.20%
Rate of compensation increase	2.83%	2.92%	3.37%
Expected return on plan assets	4.43%	4.73%	4.34%

EMPLOYEE BENEFIT PLANS (Expecte

EMPLOYEE BENEFIT PLANS (Expected Benefit Payments) (Details) $ in Millions	Jun. 30, 2018USD ($)
Retirement Income Plans [Member] | Other Postretirement Benefits Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
2,018	$ 38
2,019	52
2,020	37
2,021	37
2,022	37
Fiscal years 2024 through 2028	190
Retirement Health Care [Member] | Retirement Health Care Plans [Member]
Defined Benefit Plan Disclosure [Line Items]
2,018	3
2,019	3
2,020	3
2,021	3
2,022	3
Fiscal years 2024 through 2028	$ 14

EMPLOYEE BENEFIT PLANS (Target

EMPLOYEE BENEFIT PLANS (Target Allocations and Weighted Average Asset Allocations) (Details) - Domestic Plan [Member] - Retirement Income Plans [Member]	Jun. 30, 2018	Jun. 30, 2017
Defined Benefit Plan Disclosure [Line Items]
Target plan asset allocations	100.00%	100.00%
Actual plan asset allocations	100.00%	100.00%
US Equity [Member]
Defined Benefit Plan Disclosure [Line Items]
Target plan asset allocations	11.00%	11.00%
Actual plan asset allocations	11.00%	11.00%
International equity [Member]
Defined Benefit Plan Disclosure [Line Items]
Target plan asset allocations	12.00%	12.00%
Actual plan asset allocations	12.00%	12.00%
Fixed Income Funds [Member]
Defined Benefit Plan Disclosure [Line Items]
Target plan asset allocations	74.00%	74.00%
Actual plan asset allocations	74.00%	73.00%
Defined Benefit Plan, Real Estate [Member]
Defined Benefit Plan Disclosure [Line Items]
Target plan asset allocations	3.00%	3.00%
Actual plan asset allocations	3.00%	4.00%

EMPLOYEE BENEFIT PLANS (Retirem

EMPLOYEE BENEFIT PLANS (Retirement Income Plan's Assets Carried at Fair Value) (Details) - Retirement Income Plans [Member] - Other Postretirement Benefits Plan [Member] - USD ($) $ in Millions	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2016
Defined Benefit Plan Disclosure [Line Items]
Total assets at fair value	$ 420	$ 434	$ 423
Fair Value, Inputs, Level 1 and 2 [Member]
Defined Benefit Plan Disclosure [Line Items]
Total assets at fair value	3	2
Fair Value, Inputs, Level 1 [Member]
Defined Benefit Plan Disclosure [Line Items]
Total assets at fair value	3	2
Fair Value, Inputs, Level 2 [Member]
Defined Benefit Plan Disclosure [Line Items]
Total assets at fair value	0	0
Fair Value Measured at Net Asset Value Per Share [Member]
Defined Benefit Plan Disclosure [Line Items]
Total assets at fair value	417	432
Cash Equivalents [Member] | Fair Value, Inputs, Level 1 and 2 [Member]
Defined Benefit Plan Disclosure [Line Items]
Total assets at fair value	3	2
Cash Equivalents [Member] | Fair Value, Inputs, Level 1 [Member]
Defined Benefit Plan Disclosure [Line Items]
Total assets at fair value	3	2
Cash Equivalents [Member] | Fair Value, Inputs, Level 2 [Member]
Defined Benefit Plan Disclosure [Line Items]
Total assets at fair value	0	0
Bond Funds [Member] | Fair Value Measured at Net Asset Value Per Share [Member]
Defined Benefit Plan Disclosure [Line Items]
Total assets at fair value	299	310
International Equity Funds [Member] | Fair Value Measured at Net Asset Value Per Share [Member]
Defined Benefit Plan Disclosure [Line Items]
Total assets at fair value	60	64
Domestic Equity Funds [Member] | Fair Value Measured at Net Asset Value Per Share [Member]
Defined Benefit Plan Disclosure [Line Items]
Total assets at fair value	44	46
Defined Benefit Plan, Real Estate [Member] | Fair Value Measured at Net Asset Value Per Share [Member]
Defined Benefit Plan Disclosure [Line Items]
Total assets at fair value	$ 14	$ 12

SEGMENT REPORTING (Selected Fin

SEGMENT REPORTING (Selected Financial Information Relating To Company's Segments ) (Details) $ in Millions	3 Months Ended								12 Months Ended
	Jun. 30, 2018USD ($)	Mar. 31, 2018USD ($)	Dec. 31, 2017USD ($)	Sep. 30, 2017USD ($)	Jun. 30, 2017USD ($)	Mar. 31, 2017USD ($)	Dec. 31, 2016USD ($)	Sep. 30, 2016USD ($)	Jun. 30, 2018USD ($)segment	Jun. 30, 2017USD ($)	Jun. 30, 2016USD ($)	Jun. 30, 2015USD ($)	Jun. 30, 2014USD ($)
Segment Reporting [Abstract]
Number of reportable segments | segment									4
Segment Reporting Information [Line Items]
Net sales	$ 1,691	$ 1,517	$ 1,416	$ 1,500	$ 1,647	$ 1,477	$ 1,406	$ 1,443	$ 6,124	$ 5,973	$ 5,761	$ 5,655	$ 5,514
Earnings from continuing operations before income taxes									1,054	1,033	983
Income from equity investees									12	19	15
Total assets	5,060				4,573				5,060	4,573	4,510	$ 4,154	$ 4,251
Capital expenditures									194	231	172
Depreciation and amortization									166	163	165
Stock-based compensation									53	51	45
Operating Segments [Member] | Cleaning [Member]
Segment Reporting Information [Line Items]
Net sales									2,060	2,002	1,912
Earnings from continuing operations before income taxes									574	523	511
Income from equity investees									0	0	0
Total assets	902				881				902	881
Capital expenditures									60	76	44
Depreciation and amortization									49	51	61
Stock-based compensation									13	16	10
Operating Segments [Member] | Household [Member]
Segment Reporting Information [Line Items]
Net sales									1,959	1,961	1,862
Earnings from continuing operations before income taxes									370	419	428
Income from equity investees									0	0	0
Total assets	1,223				1,103				1,223	1,103
Capital expenditures									73	82	83
Depreciation and amortization									65	64	60
Stock-based compensation									12	15	8
Operating Segments [Member] | Lifestyle [Member]
Segment Reporting Information [Line Items]
Net sales									1,077	1,000	990
Earnings from continuing operations before income taxes									243	244	251
Income from equity investees									0	0	0
Total assets	1,533				902				1,533	902
Capital expenditures									22	30	18
Depreciation and amortization									23	20	19
Stock-based compensation									7	9	5
Operating Segments [Member] | International [Member]
Segment Reporting Information [Line Items]
Net sales									1,028	1,010	997
Earnings from continuing operations before income taxes									84	81	66
Income from equity investees									12	19	15
Total assets	1,045				1,060				1,045	1,060
Capital expenditures									33	37	24
Depreciation and amortization									24	22	21
Stock-based compensation									1	2	1
Corporate, Non-Segment [Member]
Segment Reporting Information [Line Items]
Net sales									0	0	0
Earnings from continuing operations before income taxes									(217)	(234)	(273)
Income from equity investees									0	0	0
Total assets	$ 357				$ 627				357	627
Capital expenditures									6	6	3
Depreciation and amortization									5	6	4
Stock-based compensation									$ 20	$ 9	$ 21

SEGMENT REPORTING (Concentratio

SEGMENT REPORTING (Concentration Percentages) (Details)	12 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2016
Home Care Products [Member]
Concentration Risk [Line Items]
Concentration percentage	26.00%	25.00%	24.00%
Bags, Wraps and Container Products [Member]
Concentration Risk [Line Items]
Concentration percentage	18.00%	18.00%	19.00%
Laundry Additive Products [Member]
Concentration Risk [Line Items]
Concentration percentage	15.00%	15.00%	16.00%
Charcoal [Member]
Concentration Risk [Line Items]
Concentration percentage	10.00%	11.00%	11.00%
Food Products [Member]
Concentration Risk [Line Items]
Concentration percentage	10.00%	10.00%	10.00%
Walmart Stores, Inc. [Member]
Concentration Risk [Line Items]
Concentration percentage	26.00%	26.00%	27.00%

SEGMENT REPORTING (Net Sales an

SEGMENT REPORTING (Net Sales and Long-Lived Assets by Geographic Area) (Details) - USD ($) $ in Millions	3 Months Ended								12 Months Ended
	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2014
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	$ 1,691	$ 1,517	$ 1,416	$ 1,500	$ 1,647	$ 1,477	$ 1,406	$ 1,443	$ 6,124	$ 5,973	$ 5,761	$ 5,655	$ 5,514
Net property, plant and equipment	996				931				996	931
UNITED STATES
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales									5,135	5,001	4,805
Net property, plant and equipment	887				823				887	823
Foreign [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales									989	972	$ 956
Net property, plant and equipment	$ 109				$ 108				$ 109	$ 108

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details) - USD ($) $ in Millions	12 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2016
Related Party Transactions [Abstract]
Percentage ownership of equity investments, maximum	50.00%
Equity method investments	$ 55	$ 58
Payments to related parties	$ 55	$ 62	$ 57

UNAUDITED QUARTERLY DATA (Detai

UNAUDITED QUARTERLY DATA (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended								12 Months Ended
	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2014
Quarterly Financial Data [Abstract]
Net sales	$ 1,691	$ 1,517	$ 1,416	$ 1,500	$ 1,647	$ 1,477	$ 1,406	$ 1,443	$ 6,124	$ 5,973	$ 5,761	$ 5,655	$ 5,514
Cost of products sold	947	868	807	827	895	827	777	803	3,449	3,302	3,163
Gross profit									2,675	2,671	2,598	2,465	2,356
Earnings from continuing operations	217	181	233	192	202	172	150	179	823	703	648	606	579
Losses from discontinued operations, net of tax	0	0	0	0	(1)	0	(1)	0	0	(2)	0	(26)	(21)
Net earnings	$ 217	$ 181	$ 233	$ 192	$ 201	$ 172	$ 149	$ 179	$ 823	$ 701	$ 648	$ 580	$ 558
Basic
Basic continuing operations (in dollars per share)	$ 1.69	$ 1.39	$ 1.81	$ 1.49	$ 1.56	$ 1.34	$ 1.16	$ 1.39	$ 6.37	$ 5.45	$ 5.01	$ 4.65	$ 4.47
Basic discontinued operations (in dollars per share)	0	0	0	0	(0.01)	0	0	0	0	(0.02)	0
Basic net earnings per share (in dollars per share)	1.69	1.39	1.81	1.49	1.55	1.34	1.16	1.39	6.37	5.43	5.01
Diluted
Diluted continuing operations (in dollars per share)	1.66	1.37	1.77	1.46	1.53	1.31	1.14	1.36	6.26	5.35	4.92	4.57	4.39
Diluted discontinued operations (in dollars per share)	0	0	0	0	(0.01)	0	0	0	0	(0.02)	0
Diluted net earnings per share (in dollars per share)	1.66	1.37	1.77	1.46	1.52	1.31	1.14	1.36	6.26	5.33	4.92
Dividends per share declared (in dollars per share)	0.96	0.96	0.84	0.84	0.84	0.8	0.8	0.8	3.6	3.24	$ 3.11	$ 2.99	$ 2.87
Market price (NYSE), high (in dollars per share)	136.24	148.88	150.40	139.34	141.76	139.30	124.70	140.47	150.40	141.76
Market price (NYSE), low (in dollars per share)	113.57	$ 123.64	$ 124.09	$ 127	127.62	$ 118.41	$ 111.24	$ 121.75	113.57	111.24
Market price (NYSE), year-end (in dollars per share)	$ 135.25				$ 133.24				$ 135.25	$ 133.24
Total assets	$ 5,060				$ 4,573				$ 5,060	$ 4,573	$ 4,510	$ 4,154	$ 4,251
Long-term debt	$ 2,284				$ 1,391				$ 2,284	$ 1,391	$ 1,789	$ 1,786	$ 1,588

SUBSEQUENT EVENTS (Details)

SUBSEQUENT EVENTS (Details)	12 Months Ended
	Jun. 30, 2018
Clorox Argentina [Member] | Sales Revenue, Net [Member]
Subsequent Event [Line Items]
Concentration percentage	3.00%

VALUATION AND QUALIFYING ACC108

VALUATION AND QUALIFYING ACCOUNTS AND RESERVES (Details) - USD ($) $ in Millions	12 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2016
SEC Schedule, 12-09, Allowance, Credit Loss [Member]
SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward]
Balance at beginning of period	$ (3)	$ (5)	$ (4)
Charged to costs and expenses	(4)	0	(1)
Charged to other accounts	0	0	0
Deductions	0	2	0
Balance at end of period	(7)	(3)	(5)
LIFO Allowance [Member]
SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward]
Balance at beginning of period	(26)	(32)	(34)
Charged to costs and expenses	(1)	0	(1)
Charged to other accounts	0	0	0
Deductions	0	6	3
Balance at end of period	(27)	(26)	(32)
SEC Schedule, 12-09, Valuation Allowance, Deferred Tax Asset [Member]
SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward]
Balance at beginning of period	(40)	(37)	(34)
Charged to costs and expenses	(3)	(3)	(5)
Charged to other accounts	0	0	0
Deductions	0	0	2
Balance at end of period	$ (43)	$ (40)	$ (37)