The Clorox Company (CLX) 10-Q 5 Feb 14 2014 Q2 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	6 Months Ended
	Dec. 31, 2013	Jan. 31, 2014
Document and Entity Information [Abstract]	'	'
Document Type	'10-Q	'
Amendment Flag	'false	'
Document Period End Date	31-Dec-13	'
Entity Registrant Name	'CLOROX CO /DE/	'
Entity Central Index Key	'0000021076	'
Current Fiscal Year End Date	'--06-30	'
Document Fiscal Period Focus	'Q2	'
Document Fiscal Year Focus	'2014	'
Entity Filer Category	'Large Accelerated Filer	'
Entity Common Stock, Shares Outstanding	'	129,914,045

Condensed_Consolidated_Stateme

Condensed Consolidated Statements of Earnings and Comprehensive Income (USD $)	3 Months Ended		6 Months Ended
In Millions, except Share data in Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2013	Dec. 31, 2012
Condensed Consolidated Statements of Earnings and Comprehensive Income [Abstract]	'	'	'	'
Net sales	$1,330	$1,325	$2,694	$2,663
Cost of products sold	773	762	1,552	1,526
Gross profit	557	563	1,142	1,137
Selling and administrative expenses	200	204	398	399
Advertising costs	123	116	243	238
Research and development costs	31	31	62	61
Interest expense	26	33	52	66
Other income, net	-4	-9	-2	-9
Earnings from continuing operations before income taxes	181	188	389	382
Income taxes on continuing operations	65	65	136	126
Earnings from continuing operations	116	123	253	256
Losses from discontinued operations, net of tax	-1	0	-2	0
Net earnings	115	123	251	256
Basic net earnings (losses) per share	'	'	'	'
Continuing operations	$0.90	$0.94	$1.95	$1.96
Discontinued operations	($0.01)	$0	($0.02)	$0
Basic net earnings per share	$0.89	$0.94	$1.93	$1.96
Diluted net earnings (losses) per share	'	'	'	'
Continuing operations	$0.88	$0.93	$1.92	$1.94
Discontinued operations	($0.01)	$0	($0.02)	$0
Diluted net earnings per share	$0.87	$0.93	$1.90	$1.94
Weighted average shares outstanding (in thousands)	'	'	'	'
Basic	129,836	130,991	129,955	130,630
Diluted	132,278	132,444	132,276	132,120
Dividend declared per share	$0.71	$0.64	$1.42	$1.28
Comprehensive income	$96	$116	$231	$276

Condensed_Consolidated_Balance

Condensed Consolidated Balance Sheets (USD $)	Dec. 31, 2013	Jun. 30, 2013
In Millions, unless otherwise specified
Current assets	'	'
Cash and cash equivalents	$341	$299
Receivables, net	499	580
Inventories, net	466	394
Other current assets	194	147
Total current assets	1,500	1,420
Property, plant and equipment, net of accumulated depreciation and amortization of $1,750 and $1,711, respectively	992	1,021
Goodwill	1,100	1,105
Trademarks, net	552	553
Other intangible assets, net	67	74
Other assets	177	138
Total assets	4,388	4,311
Current liabilities	'	'
Notes and loans payable	342	202
Accounts payable	359	413
Accrued liabilities	480	490
Income taxes payable	0	29
Total current liabilities	1,181	1,134
Long-term debt	2,170	2,170
Other liabilities	765	742
Deferred income taxes	116	119
Total liabilities	4,232	4,165
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 at both December 31, 2013 and June 30, 2013; and 129,857,471 and 130,366,911 shares outstanding at December 31, 2013 and June 30, 2013, respectively	159	159
Additional paid-in capital	693	661
Retained earnings	1,623	1,561
Treasury shares, at cost: 28,883,990 and 28,374,550 shares at December 31, 2013 and June 30, 2013, respectively	-1,932	-1,868
Accumulated other comprehensive net losses	-387	-367
Stockholders' equity	156	146
Total liabilities and stockholders' equity	$4,388	$4,311

Condensed_Consolidated_Balance1

Condensed Consolidated Balance Sheets (Parenthetical) (USD $)	Dec. 31, 2013	Jun. 30, 2013
In Millions, except Share data, unless otherwise specified
Condensed Consolidated Balance Sheets [Abstract]	'	'
Property, plant and equipment, accumulated depreciation	$1,750	$1,711
Preferred stock, par value per share	$1	$1
Preferred stock, shares authorized	5,000,000	5,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value per share	$1	$1
Common stock, shares authorized	750,000,000	750,000,000
Common stock, shares issued	158,741,461	158,741,461
Common stock, shares outstanding	129,857,471	130,366,911
Treasury shares, shares	28,883,990	28,374,550

Condensed_Consolidated_Stateme1

Condensed Consolidated Statements of Cash Flows (USD $)	6 Months Ended
In Millions, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012
Operating activities:	'	'
Net earnings	$251	$256
Deduct: Losses from discontinued operations, net of tax	-2	0
Earnings from continuing operations	253	256
Adjustments to reconcile earnings from continuing operations to net cash provided by continuing operations:	'	'
Depreciation and amortization	89	90
Share-based compensation	23	18
Deferred income taxes	-8	-2
Funding of non-qualified deferred compensation plans	-26	0
Other	27	13
Changes in:	'	'
Receivables, net	76	71
Inventories, net	-75	-57
Other current assets	-7	3
Accounts payable and accrued liabilities	-74	-59
Income taxes payable	-66	-8
Net cash provided by continuing operations	212	325
Net cash used for discontinued operations	-2	0
Net cash provided by operations	210	325
Investing activities:	'	'
Capital expenditures	-63	-102
Proceeds from sale-leaseback, net of transaction costs	0	108
Other	1	0
Net cash (used for) provided by investing activities	-62	6
Financing activities:	'	'
Notes and loans payable, net	140	-295
Long-term debt borrowings, net of issuance costs	0	593
Long-term debt repayments	0	-350
Treasury stock purchased	-130	0
Cash dividends paid	-184	-167
Issuance of common stock for employee stock plans and other	71	64
Net cash used for financing activities	-103	-155
Effect of exchange rate changes on cash and cash equivalents	-3	2
Net increase in cash and cash equivalents	42	178
Cash and cash equivalents:	'	'
Beginning of period	299	267
End of period	$341	$445

INTERIM_FINANCIAL_STATEMENTS

INTERIM FINANCIAL STATEMENTS	6 Months Ended
	Dec. 31, 2013
INTERIM FINANCIAL STATEMENTS [Abstract]	'
INTERIM FINANCIAL STATEMENTS	'
	NOTE 1. INTERIM FINANCIAL STATEMENTS
	Basis of Presentation
	The unaudited interim condensed consolidated financial statements for the three and six months ended December 31, 2013 and 2012, in the opinion of management, reflect all adjustments (consisting of normal recurring accruals) necessary for a fair presentation of the consolidated results of operations, financial position and cash flows of The Clorox Company and its subsidiaries (the Company) for the periods presented. The results for the interim period ended December 31, 2013, are not necessarily indicative of the results that may be expected for the fiscal year ending June 30, 2014, or for any other future period.
	Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America (U.S. GAAP) have been omitted or condensed pursuant to the rules and regulations of the U.S. Securities and Exchange Commission (SEC). The information in this report should be read in conjunction with the Company's Annual Report on Form 10-K filed with the SEC for the fiscal year ended June 30, 2013, which includes a complete set of footnote disclosures, including the Company's significant accounting policies.
	Use of Estimates
	The preparation of condensed consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect reported amounts and related disclosures. Actual results could differ materially from estimates and assumptions made.
	Recently Issued Accounting Pronouncements
	On January 15, 2014, the Financial Accounting Standards Board (FASB) issued an update to current accounting standards related to investments in low-income housing partnerships, which permits an accounting policy election for the method of accounting applied if certain conditions are met, as well as introduces new disclosure requirements. The Company currently accounts for its investments in low-income housing partnerships using the equity method of accounting (Note 3). The Company is evaluating the impact of these amendments, which are effective for the Company beginning the first quarter of fiscal year 2016, with early adoption permitted.

INVENTORIES_NET

INVENTORIES, NET	6 Months Ended
	Dec. 31, 2013
INVENTORIES, NET [Abstract]	'
INVENTORIES, NET	'
	NOTE 2. INVENTORIES, NET
	Inventories, net, consisted of the following as of:
		12/31/13			6/30/13
	Finished goods	$	391		$	321
	Raw materials and packaging		123			121
	Work in process		3			3
	LIFO allowances		(39	)		(40	)
	Allowances for obsolescence		(12	)		(11	)
	Total	$	466		$	394

OTHER_ASSETS

OTHER ASSETS	6 Months Ended
	Dec. 31, 2013
OTHER ASSETS [Abstract]	'
OTHER ASSETS	'
	NOTE 3. OTHER ASSETS
	Investments in Low-Income Housing Partnerships
	The Company owns, directly or indirectly, limited partnership interests in low-income housing partnerships, which are accounted for using the equity method of accounting. The Company's investment balance as of December 31, 2013 and June 30, 2013, was $4 and $6, respectively. These partnerships are considered to be variable interest entities; however, the Company does not consolidate them because it does not have the power to direct the activities of the partnerships that significantly impact their economic performance. The purpose of the partnerships is to develop and operate low-income housing rental properties. The general partners, who typically hold 1% of the partnership interests, are third parties unrelated to the Company and its affiliates, and are responsible for controlling and managing the business and financial operations of the partnerships. As a limited partner, the Company is not responsible for any of the liabilities and obligations of the partnerships nor do the partnerships or their creditors have any recourse to the Company other than for the capital requirements. All available tax benefits from low-income housing tax credits provided by the partnerships were claimed as of fiscal year 2012. The risk that previously claimed low-income housing tax credits might be recaptured or otherwise retroactively invalidated is considered remote.

OTHER_LIABILITIES

OTHER LIABILITIES	6 Months Ended
	Dec. 31, 2013
OTHER LIABILITIES [Abstract]	'
OTHER LIABILITIES	'
	NOTE 4. OTHER LIABILITIES
	Other liabilities consisted of the following as of:
		12/31/13		6/30/13
	Employee benefit obligations	$	292	$	270
	Venture agreement net terminal obligation		287		284
	Taxes		78		74
	Other		108		114
	Total	$	765	$	742

NET_EARNINGS_PER_SHARE

NET EARNINGS PER SHARE	6 Months Ended
	Dec. 31, 2013
NET EARNINGS PER SHARE [Abstract]	'
NET EARNINGS PER SHARE	'
	NOTE 5. NET EARNINGS PER SHARE
	The following is the reconciliation of the weighted average number of shares outstanding (in thousands) used to calculate basic net earnings per share (EPS) to those used to calculate diluted net EPS:
		Three Months Ended		Six Months Ended
		12/31/13	12/31/12	12/31/13	12/31/12
	Basic	129,836	130,991	129,955	130,630
	Dilutive effect of stock options and other	2,442	1,453	2,321	1,490
	Diluted	132,278	132,444	132,276	132,120
	During the three and six months ended December 31, 2013 and 2012, the Company included all stock options to purchase shares of the Company's common stock in the calculations of diluted net EPS because the average market price was greater than the exercise price of all outstanding options.
	The Company has two share repurchase programs: an open-market repurchase program with an authorized aggregate purchase amount of up to $750, all of which was available for share repurchases as of December 31, 2013, and a program to offset the impact of share dilution related to share-based awards (the Evergreen Program), which has no authorization limit as to amount or timing of repurchases.
	During the three and six months ended December 31, 2013, the Company repurchased zero shares and approximately 1.6 million shares, respectively, under its Evergreen Program, for an aggregate amount of $0 and $130, respectively. During the three and six months ended December 31, 2012, the Company did not repurchase any shares under the Evergreen Program. During the three and six months ended December 31, 2013 and 2012, the Company did not repurchase any shares under the open-market repurchase program.

COMPREHENSIVE_INCOME

COMPREHENSIVE INCOME	6 Months Ended
	Dec. 31, 2013
COMPREHENSIVE INCOME [Abstract]	'
COMPREHENSIVE INCOME	'
	NOTE 6. COMPREHENSIVE INCOME
	Comprehensive income is defined as net earnings and other changes in stockholders' equity from transactions and other events from sources other than stockholders. Comprehensive income was as follows:
		Three Months Ended						Six Months Ended
		12/31/13			12/31/12			12/31/13			12/31/12
	Net earnings	$	115			123		$	251			256
	Other comprehensive (loss) income, net of tax:
	Foreign currency translation adjustments,
	net of tax of $2, $1, $4 and $4, respectively		(23	)		(9	)		(19	)		18
	Net unrealized gains on derivatives,
	net of tax of $1, $0, $0 and $1, respectively		3			1			2			-
	Pension and postretirement benefit adjustments,
	net of tax of $0, $1, $2 and $1, respectively		1			1			(3	)		2
	Total other comprehensive (loss) income, net of tax		(19	)		(7	)		(20	)		20
	Comprehensive income	$	96		$	116		$	231		$	276
	On February 5, 2013, the FASB issued an update to current accounting standards related to disclosures of reclassifications out of accumulated other comprehensive income. The presentation requirements were adopted by the Company effective July 1, 2013 and are reflected below.
	Changes in accumulated other comprehensive net losses by component were as follows:
		Foreign			Net unrealized			Pension and			Total
		currency			(losses) gains on			postretirement
		translation			derivatives			benefit
		adjustments						adjustments
	Balance as of June 30, 2013, net of tax	$	(209	)	$	(30	)	$	(128	)	$	(367	)
	Other comprehensive (loss) income
	before reclassifications		(19	)		2			(5	)		(22	)
	Amounts reclassified from accumulated other
	comprehensive net losses		-			-			2			2
	Net other comprehensive (loss) income		(19	)		2			(3	)		(20	)
	Balance as of December 31, 2013, net of tax	$	(228	)	$	(28	)	$	(131	)	$	(387	)
	Pension and postretirement benefit reclassification adjustments are reflected in cost of products sold and selling and administrative expenses.

INCOME_TAXES

INCOME TAXES	6 Months Ended
	Dec. 31, 2013
INCOME TAXES [Abstract]	'
INCOME TAXES	'
	NOTE 7. INCOME TAXES
	In determining its quarterly provision for income taxes, the Company uses an estimated annual effective tax rate, which is based on expected annual taxable income, statutory tax rates and tax planning opportunities available in the various jurisdictions in which the Company operates. Certain significant or unusual items are separately recognized in the quarter in which they occur and can be a source of variability in the effective tax rates from quarter to quarter. The effective tax rate on earnings from continuing operationswas 35.6% and 34.8% for the three and six months ended December 31, 2013, respectively, and 34.3% and 32.9% for the three and six months ended December 31, 2012, respectively.
	The balance of unrecognized tax benefits as of December 31, 2013 and June 30, 2013, included potential benefits of $59 and $56, respectively, which, if recognized, would affect the effective tax rate on earnings.
	The Company recognizes interest and penalties related to uncertain tax positions as a component of income tax expense. The total balance of accrued interest and penalties related to uncertain tax positions was $9 and $8 as of December 31, 2013 and June 30, 2013, respectively. Interest and penalties included in income tax expense resulted in a net expense of $0 and $1 for the three and six months ended December 31, 2013, respectively, and net benefits of $0 for both the three and six months ended December 31, 2012.
	The Company files income tax returns in U.S. federal and various state, local and foreign jurisdictions. The federal statute of limitations has expired for all tax years through June 30, 2009. Various income tax returns in state and foreign jurisdictions are currently in the process of examination.

RETIREMENT_INCOME_AND_HEALTH_C

RETIREMENT INCOME AND HEALTH CARE BENEFIT PLANS	6 Months Ended
	Dec. 31, 2013
RETIREMENT INCOME AND HEALTH CARE BENEFIT PLANS [Abstract]	'
RETIREMENT INCOME AND HEALTH CARE BENEFIT PLANS	'
	NOTE 8. RETIREMENT INCOME AND HEALTH CARE BENEFIT PLANS
	The following table summarizes the components of net periodic benefit cost for the Company's retirement income plans:
		Three Months Ended						Six Months Ended
		12/31/13			12/31/12			12/31/13			12/31/12
	Service cost	$	-		$	1		$	1		$	2
	Interest cost		7			6			13			12
	Expected return on plan assets		(7	)		(8	)		(13	)		(15	)
	Amortization of unrecognized items		3			4			6			6
	Total	$	3		$	3		$	7		$	5
	The net periodic benefit cost for the Company's retirement health care plans was $0 for both the three and six months ended December 31, 2013, and $1 for both the three and six months ended December 31, 2012.

CONTINGENCIES_AND_GUARANTEES

CONTINGENCIES AND GUARANTEES	6 Months Ended
	Dec. 31, 2013
CONTINGENCIES AND GUARANTEES [Abstract]	'
CONTINGENCIES AND GUARANTEES	'
	NOTE 9. CONTINGENCIES AND GUARANTEES
	Contingencies
	The Company is involved in certain environmental matters, including response actions at various locations. The Company had a recorded liability of $14 and $13 as of December 31, 2013 and June 30, 2013, respectively, for its share of aggregate future remediation costs related to these matters. One matter in Dickinson County, Michigan, for which the Company is jointly and severally liable, accounted for a substantial majority of the recorded liability as of both December 31, 2013 and June 30, 2013. The Company has agreed 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. Currently, the Company cannot accurately predict the timing of future payments that may be made under this obligation. In addition, the Company's estimated loss exposure is sensitive to a variety of uncertain factors, including the efficacy of remediation efforts, changes in remediation requirements and the future availability of alternative clean-up technologies. Although it is reasonably possible that the Company's exposure may exceed the amount recorded, any amount of such additional exposures, or range of exposures, is not estimable at this time.
	In October 2012, a Brazilian appellate court issued an adverse decision in a lawsuit pending in Brazil against the Company and one of its wholly owned subsidiaries, The Glad Products Company (Glad). The lawsuit was initially filed in a Brazilian lower court in 2002 by two Brazilian companies and one Uruguayan company (collectively, Petroplus) related to joint venture agreements for the distribution of STP auto-care products in Brazil with three companies that became subsidiaries of the Company as a result of the Company's merger with First Brands Corporation in January 1999 (collectively, Clorox Subsidiaries). The pending lawsuit seeks indemnification for damages and losses for alleged breaches of the joint venture agreements and abuse of economic power by the Company and Glad. Petroplus had previously unsuccessfully raised the same claims and sought damages from the Company and the Clorox Subsidiaries in an International Chamber of Commerce (ICC) arbitration proceeding in Miami filed in 2001. The ICC arbitration panel unanimously ruled against Petroplus in a final decision in November 2003 (Final ICC Arbitration Award). The Final ICC Arbitration Award was ratified by the Superior Court of Justice of Brazil in May 2007 (Foreign Judgment), and the United States District Court for the Southern District of Florida subsequently confirmed the Final ICC Arbitration Award and recognized and adopted the Foreign Judgment as a judgment of the United States District Court for the Southern District of Florida (U.S. Judgment). Despite this, in March 2008, a Brazilian lower court ruled against the Company and Glad in the pending lawsuit and awarded Petroplus R$23 ($13) plus interest. The value of that judgment, including interest and foreign exchange fluctuations as of December 31, 2013, was approximately $34.
	Among other defenses, because the Final ICC Arbitration Award, the Foreign Judgment and the U.S. Judgment relate to the same claims as those in the pending lawsuit, the Company believes that Petroplus is precluded from re-litigating these claims. Based on the unfavorable appellate court decision, the Company believes that it is reasonably possible that a loss could be incurred in this matter in excess of amounts accrued, and that the estimated range of such loss in this matter is from $0 to $28. The Company continues to believe that its defenses are meritorious, and has appealed the decision to the highest courts of Brazil, which could take years to resolve. In the first stage of the appellate process, in December 2013 the appellate court declined to admit the Company's appeals to the highest courts. The Company has now appealed directly to the highest courts. Expenses related to this litigation and any potential additional loss would be reflected in discontinued operations, consistent with the Company's classification of expenses related to its discontinued Brazil operations.
	In a separate action filed in 2004 by Petroplus, a lower Brazilian court in January 2013 nullified the Final ICC Arbitration Award. The Company believes this judgment is inconsistent with the Foreign Judgment and the U.S. Judgment and that it is without merit. The Company has appealed this decision.
	Glad and the Clorox Subsidiaries have also filed separate lawsuits against Petroplus alleging misuse of the STP trademark and related matters, which are currently pending before Brazilian courts, and have taken other legal actions against Petroplus, which are pending. Additionally, in November 2013, the Clorox Subsidiaries initiated a new ICC arbitration seeking damages against Petroplus.
	The Company is subject to various lawsuits, claims and other loss contingencies relating to issues such as contract disputes, product liability, patents and trademarks, advertising, and employee and other matters. Based on management's analysis, it is the opinion of management that the ultimate disposition of these matters, to the extent not previously provided for, will not have a material adverse effect, 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 payments relating to its indemnifications, and believes that any reasonably possible payments would not have a material adverse effect, individually or in the aggregate, on the Company's consolidated financial statements taken as a whole.
	As of December 31, 2013, the Company was a party to a letter of credit of $12, related to one of its insurance carriers, of which $0 had been drawn upon.
	The Company had not recorded any liabilities on the aforementioned guarantees as of December 31, 2013 and June 30, 2013.

SEGMENT_RESULTS

SEGMENT RESULTS	6 Months Ended
	Dec. 31, 2013
SEGMENT RESULTS [Abstract]	'
SEGMENT RESULTS	'
	NOTE 10. SEGMENT RESULTS
	The Company operates through strategic business units that are aggregated into four reportable segments: Cleaning, Household, Lifestyle and International.
	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 and disinfecting products under the Clorox®, Dispatch®, Aplicare®, HealthLink® and Clorox Healthcare™ brands.
	Household consists of charcoal, cat litter and plastic bags, wraps and container products marketed and sold in the United States. Products within this segment include plastic bags, wraps and containers under the Glad® brand; cat litter products under the Fresh Step®, Scoop Away® and Ever Clean® brands; and charcoal products under the Kingsford® and Match Light® brands.
	Lifestyle consists of food products, water-filtration systems and filters, and natural personal care products marketed and sold in the United States. Products within this segment include dressings and sauces, primarily under the Hidden Valley®, KC Masterpiece® and Soy Vay® brands; water-filtration systems and filters under the Brita® brand; and natural personal care products under the Burt's Bees® and güd® brands.
	International consists of products sold outside the United States. Products within this segment include laundry, home care, water-filtration, charcoal and cat litter products, dressings and sauces, plastic bags, wraps and containers and natural personal care products, primarily under the Clorox®, Javex®, Glad®, PinoLuz®, Ayudin®, Limpido®, Clorinda®, Poett®, Mistolin®, Lestoil®, Bon Bril®, Nevex®, Brita®, Green Works®, Pine-Sol®, Agua Jane®, Chux®, Kingsford®, Fresh Step®, Scoop Away®, Ever Clean®, KC Masterpiece®, Hidden Valley® and Burt's Bees® 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, property and equipment, other investments and deferred taxes.
	The table below presents reportable segment information and a reconciliation of the segment information to the Company's consolidated net sales and earnings from continuing operations before income taxes, with amounts that are not allocated to the reportable segments reflected in Corporate.
		Net sales
		Three Months Ended						Six Months Ended
		12/31/13			12/31/12			12/31/13			12/31/12
	Cleaning	$	432		$	425		$	911		$	897
	Household		352			357			724			712
	Lifestyle		237			237			455			445
	International		309			306			604			609
	Total	$	1,330		$	1,325		$	2,694		$	2,663
		Earnings (losses) from continuing operations before income taxes
		Three Months Ended						Six Months Ended
		12/31/13			12/31/12			12/31/13			12/31/12
	Cleaning	$	101		$	100		$	232		$	220
	Household		41			56			93			106
	Lifestyle		69			70			122			126
	International		30			25			58			53
	Corporate		(60	)		(63	)		(116	)		(123	)
	Total	$	181		$	188		$	389		$	382
	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, Wal-Mart Stores, Inc. and its affiliates, as a percentage of consolidated net sales, were 26% for both the three and six months ended December 31, 2013, and 25% and 26% for the three and six months ended December 31, 2012, respectively.
	Venezuela
	The financial statements of the Company's subsidiary in Venezuela are consolidated under the rules governing the preparation of financial statements in a highly inflationary economy. As such, the subsidiary's non-U.S. dollar (non-USD) monetary assets and liabilities are remeasured into USD each reporting period with the resulting gains and losses reflected in other income, net. The operating environment in Venezuela is challenging, with high inflation, governmental restrictions in the form of currency exchange, price and margin controls, labor unrest, and the possibility of government actions such as further devaluations, business occupations or intervention and expropriation of assets. In addition, the foreign exchange controls in Venezuela limit the Company's ability to repatriate earnings and the Venezuela subsidiary's ability to remit dividends and pay intercompany balances at any official exchange rate or at all.
	As of December 31, 2013, using the official currency exchange (CADIVI) rate of 6.3 bolívares fuertes (VEF) per USD, the Company's Venezuela subsidiary had cash and cash equivalents of $10, a long-term value added tax (VAT) receivable from the Venezuelan government of $14 and total assets of $86. In addition, the Venezuela subsidiary had intangible assets excluding goodwill of $8, which the Company regularly reviews along with its goodwill balances (held and tested at the Latin America reporting unit level) for any current and future risk of impairment. For both the six months ended December 31, 2013 and the year ended June 30, 2013, net sales from the Company's Venezuela subsidiary represented approximately 2% of the Company's consolidated net sales for those periods.
	On February 8, 2013, the Venezuelan government announced a devaluation of the CADIVI rate from 4.3 to 6.3 VEF per USD and the elimination of the alternative currency exchange system, SITME. Prior to February 8, 2013, the Company had been utilizing the rate at which it had been obtaining USD through SITME to remeasure its Venezuelan financial statements, which was 5.7 VEF per USD at the announcement date. In response to these developments, the Company began utilizing the CADIVI rate of 6.3 VEF per USD to translate the financial statements of its Venezuela subsidiary.
	In March 2013, the Venezuelan government announced the creation of a new alternative currency exchange system (SICAD), which is intended to complement CADIVI. While no official results of the SICAD auctions have been published by the Venezuelan government, the SICAD rate is estimated to be significantly higher than the CADIVI rate. Based on a number of factors, including the limited number of SICAD auctions held to date, the Company's inability to access the SICAD exchange to date, the restrictions placed on eligible participants, the amount of USD available for purchase through the auction process, and the historical lack of official information about the resulting SICAD rate, at this time the Company does not currently believe it would be appropriate to use rates coming from the SICAD exchange system for financial reporting purposes. On January 24, 2014, the Venezuelan government made announcements related to the SICAD exchange system that could potentially impact the Company's operations and financial reporting. At this time, the Company is not able to predict the impact of these announcements and continues to monitor developments.
	In addition to exchange controls, a majority of the Company's product portfolio in Venezuela is subject to price controls, which restrict the Company's ability to increase prices to offset the impact of continuing high inflation on product, labor and other operating costs. In addition to the price control laws, in November 2013, the Venezuelan legislature approved an "enabling law" granting the president of Venezuela the authority to enact laws and regulations in certain policy areas by decree. This authority includes the ability to restrict profit margins and impose greater controls on foreign exchange and the production, import, and distribution of staples and other goods. Among other actions, the president has used this decree power to pass the Law of Costs, Earnings, and Fair Profits, which became effective in January 2014 and, among other things, authorizes the Venezuelan government to set "just prices" and maximum profit margins in the private sector.
	The Company's business and cash flows in Venezuela have been negatively affected by these difficult political and economic conditions and the business has operated at a loss for the six months ended December 31, 2013. The Company continues to closely monitor developments in this dynamic environment, assess evolving business risks and actively manage its investments in Venezuela.
	Argentina
	The operating environment in Argentina also presents challenges, including price controls on some of the Company's products, a devaluing currency, and inflation. For the year ended June 30, 2013 and the six months ended December 31, 2013, the value of the Argentine peso (ARS) declined 16% and 18%, respectively. Subsequent to December 31, 2013, the value of the ARS has declined an additional 19% from 6.5 to 8.0 ARS per USD as of January 31, 2014.
	As of December 31, 2013, using the exchange rate of 6.5 ARS per USD, the Company's Argentina subsidiary had cash and cash equivalents of $14 and total assets of $106. For the six months ended December 31, 2013 and the year ended June 30, 2013, net sales from the Company's Argentina subsidiary represented approximately 4% and 3%, respectively, of the Company's consolidated net sales for those periods. The Company is closely monitoring developments in Argentina and is taking steps intended to mitigate the adverse conditions.

FINANCIAL_INSTRUMENTS_AND_FAIR

FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS	6 Months Ended
	Dec. 31, 2013
FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS [Abstract]	'
FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS	'
	NOTE 11. FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS
	Financial assets and liabilities carried at fair value in the consolidated balance sheets are required to be classified and disclosed in one of the following three categories:
	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 December 31, 2013, 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 all classified as Level 2, and trust assets to fund certain of the Company's non-qualified deferred compensation plans, which were classified as Level 1. As of June 30, 2013, 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 all classified as Level 2.
	Financial Risk Management and Derivative Instruments
	The Company is exposed to certain commodity, interest rate and foreign currency 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 to fix the price of a portion of its forecasted raw material requirements. Contract maturities, which are generally no longer than 18 months, are matched to the length of the raw material purchase contracts. Commodity purchase contracts are measured at fair value using market data for similar instruments priced within a relatively similar time period by commodity derivative dealers.
	As of December 31, 2013, the notional amount of commodity derivatives was $51, of which $28 related to soybean oil futures and $23 related to jet fuel swaps. As of June 30, 2013, the notional amount of commodity derivatives was $51, of which $32 related to jet fuel swaps and $19 related to soybean oil futures.
	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. These interest rate forward contracts generally have durations of less than 12 months. Interest rate contracts are measured at fair value using information quoted by U.S. government bond dealers.
	As of both December 31, 2013 and June 30, 2013, there were no outstanding interest rate forward contracts. Subsequent to December 31, 2013, the Company entered into interest rate forward contracts with a notional amount of $288 related to the anticipated refinancing of senior notes maturing in January 2015.
	Foreign Currency Risk Management
	The Company may also enter into certain over-the-counter foreign currency-related derivative contracts to manage a portion of the Company's foreign exchange risk associated with the purchase of inventory and certain intercompany transactions. These foreign currency contracts generally have durations of no longer than 20 months. The foreign exchange contracts are measured at fair value using market data for similar instruments priced by foreign exchange dealers.
	The notional amount of outstanding foreign currency forward contracts used by the Company's subsidiaries in Australia, Canada and New Zealand to hedge forecasted purchases of inventory were $20, $6 and $2, respectively, as of December 31, 2013, and $22, $18 and $4, respectively, as of June 30, 2013. There were no outstanding contracts to economically hedge foreign exchange risk associated with certain intercompany transactions as of both December 31, 2013 and June 30, 2013.
	Counterparty Risk Management
	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. The $2 and $3 of derivative instruments reflected in liabilities as of December 31, 2013 and June 30, 2013, respectively, contained such terms. As of both December 31, 2013 and June 30, 2013, the Company was not required to post any collateral.
	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 December 31, 2013 and June 30, 2013, the Company and each of its counterparties had been assigned investment grade ratings with both Standard & Poor's and Moody's.
	Fair Value of Financial Instruments
	Derivatives
	The accounting for changes in the fair value (i.e., gains or losses) of a derivative instrument depends on whether it has been designated and qualifies as an accounting hedge, and, if so, on the type of hedging relationship. For those derivative instruments designated and qualifying as hedging instruments, the Company must designate the hedging instrument as a fair value hedge or 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. The Company does not designate its foreign currency forward contracts for intercompany transactions as accounting hedges. During the three and six months ended December 31, 2013 and 2012, the Company had no hedging instruments designated as fair value hedges.
	Trust assets
	Beginning in December 2013, the Company holds mutual funds and cash equivalents as part of trusts related to certain of its non-qualified deferred compensation plans. 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 condensed consolidated balance sheets. The mutual funds are measured at fair value using quoted market prices. The Company has designated these marketable securities as trading investments because the participants in the deferred compensation plans may select the mutual funds in which their compensation deferrals are invested within the confines of the trusts which hold the marketable securities.
	The Company's derivatives designated as hedging instruments and trust assets related to certain of the Company's non-qualified deferred compensation plans were recorded at fair value in the condensed consolidated balance sheets as follows:
		Balance sheet		12/31/13					6/30/13
		classification		Level 1			Level 2		Level 1			Level 2
	Assets
	Foreign exchange derivative contracts	Other current assets		$	-		$	2	$	-		$	4
	Commodity purchase derivative contracts	Other current assets			-			1		-			-
	Trust assets for non-qualified deferred compensation plans	Other assets			26			-		-			-
				$	26		$	3	$	-		$	4
	Liabilities
	Commodity purchase derivative contracts	Accrued liabilities		$	-		$	1	$	-		$	3
	Commodity purchase derivative contracts	Other liabilities			-			1		-			-
				$	-		$	2	$	-		$	3
	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 (OCI) and reclassified into earnings in the same period or periods during which the hedged transaction affects earnings. The estimated amount of the existing net loss in OCI as of December 31, 2013, expected to be reclassified into earnings within the next 12 months is $2. Gains and losses on derivative instruments representing either hedge ineffectiveness or hedge components excluded from the assessment of effectiveness are recognized in current earnings. During the three and six months ended December 31, 2013 and 2012, respectively, hedge ineffectiveness was not significant. The Company de-designates cash flow hedge relationships whenever it determines that the hedge relationships are no longer highly effective or that the forecasted transaction is no longer probable. The portion of gains or losses on the derivative instrument previously accumulated in OCI for de-designated hedges remains in accumulated OCI until the forecasted transaction is recognized in earnings, or is recognized in earnings immediately if the forecasted transaction is no longer probable. Changes in the value of derivative instruments not designated as accounting hedges are recorded in other income, net.
	The effects of derivative instruments designated as hedging instruments on OCI and the condensed consolidated statements of earnings and comprehensive income were as follows:
		Gain (loss) recognized in OCI
		Three Months Ended							Six Months Ended
		12/31/13				12/31/12			12/31/13				12/31/12
	Commodity purchase contracts	$	3			$	-		$	1			$	2
	Interest rate contracts		-				-			-				(1	)
	Foreign exchange contracts		1				1			1				(1	)
	Total	$	4			$	1		$	2			$	-
		Gain (loss) reclassified from OCI and recognized in earnings
		Three Months Ended							Six Months Ended
		12/31/13				12/31/12			12/31/13				12/31/12
	Interest rate contracts	$	(1	)		$	(1	)	$	(2	)		$	(2	)
	Foreign exchange contracts		1				-			2				-
	Total	$	-			$	(1	)	$	-			$	(2	)
	The gains reclassified from OCI and recognized in earnings during the three and six months ended December 31, 2013 for foreign exchange contracts were included in cost of products sold. The losses reclassified from OCI and recognized in earnings during the three and six months ended December 31, 2013 and 2012 for interest rate contracts were included in interest expense.
	The gain from derivatives not designated as accounting hedges was $0 for both the three and six months ended December 31, 2013, and $0 and $1 for the three and six months ended December 31, 2012, respectively, and was reflected in other income, net.
	Changes in the value of the trust assets related to certain of the Company's non-qualified deferred compensation plans are recorded in other income, net, in the condensed consolidated statements of earnings and comprehensive income. For the three months ended December 31, 2013, the Company reflected $0 in other income, net, related to these assets.
	Other
	The carrying values of cash and cash equivalents, accounts receivable, notes and loans payable and accounts payable approximated their fair values as of December 31, 2013 and June 30, 2013, due to their short maturity and nature. The estimated fair value of long-term debt, including current maturities, was $2,238 and $2,263 as of December 31, 2013 and June 30, 2013, respectively. The fair value of long-term debt was determined using secondary market prices quoted by corporate bond dealers, and was classified as Level 2. The Company accounts for its long-term debt at face value, net of any unamortized discounts or premiums.

INTERIM_FINANCIAL_STATEMENTS_P

INTERIM FINANCIAL STATEMENTS (Policy)	6 Months Ended
	Dec. 31, 2013
INTERIM FINANCIAL STATEMENTS [Abstract]	'
Basis of Presentation	'
	Basis of Presentation
	The unaudited interim condensed consolidated financial statements for the three and six months ended December 31, 2013 and 2012, in the opinion of management, reflect all adjustments (consisting of normal recurring accruals) necessary for a fair presentation of the consolidated results of operations, financial position and cash flows of The Clorox Company and its subsidiaries (the Company) for the periods presented. The results for the interim period ended December 31, 2013, are not necessarily indicative of the results that may be expected for the fiscal year ending June 30, 2014, or for any other future period.
	Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America (U.S. GAAP) have been omitted or condensed pursuant to the rules and regulations of the U.S. Securities and Exchange Commission (SEC). The information in this report should be read in conjunction with the Company's Annual Report on Form 10-K filed with the SEC for the fiscal year ended June 30, 2013, which includes a complete set of footnote disclosures, including the Company's significant accounting policies.
Use of Estimates	'
	Use of Estimates
	The preparation of condensed consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect reported amounts and related disclosures. Actual results could differ materially from estimates and assumptions made.
Recently Issued Accounting Pronouncements	'
	Recently Issued Accounting Pronouncements
	On January 15, 2014, the Financial Accounting Standards Board (FASB) issued an update to current accounting standards related to investments in low-income housing partnerships, which permits an accounting policy election for the method of accounting applied if certain conditions are met, as well as introduces new disclosure requirements. The Company currently accounts for its investments in low-income housing partnerships using the equity method of accounting (Note 3). The Company is evaluating the impact of these amendments, which are effective for the Company beginning the first quarter of fiscal year 2016, with early adoption permitted.

INVENTORIES_NET_Tables

INVENTORIES, NET (Tables)	6 Months Ended
	Dec. 31, 2013
INVENTORIES, NET [Abstract]	'
Schedule of Inventories	'
		12/31/13			6/30/13
	Finished goods	$	391		$	321
	Raw materials and packaging		123			121
	Work in process		3			3
	LIFO allowances		(39	)		(40	)
	Allowances for obsolescence		(12	)		(11	)
	Total	$	466		$	394

OTHER_LIABILITIES_Tables

OTHER LIABILITIES (Tables)	6 Months Ended
	Dec. 31, 2013
OTHER LIABILITIES [Abstract]	'
Schedule of Other Liabilities	'
		12/31/13		6/30/13
	Employee benefit obligations	$	292	$	270
	Venture agreement net terminal obligation		287		284
	Taxes		78		74
	Other		108		114
	Total	$	765	$	742

NET_EARNINGS_PER_SHARE_Tables

NET EARNINGS PER SHARE (Tables)	6 Months Ended
	Dec. 31, 2013
NET EARNINGS PER SHARE [Abstract]	'
Schedule of Weighted Average Number of Shares	'
		Three Months Ended		Six Months Ended
		12/31/13	12/31/12	12/31/13	12/31/12
	Basic	129,836	130,991	129,955	130,630
	Dilutive effect of stock options and other	2,442	1,453	2,321	1,490
	Diluted	132,278	132,444	132,276	132,120

COMPREHENSIVE_INCOME_Tables

COMPREHENSIVE INCOME (Tables)	6 Months Ended
	Dec. 31, 2013
COMPREHENSIVE INCOME [Abstract]	'
Schedule of Comprehensive Income	'
		Three Months Ended						Six Months Ended
		12/31/13			12/31/12			12/31/13			12/31/12
	Net earnings	$	115			123		$	251			256
	Other comprehensive (loss) income, net of tax:
	Foreign currency translation adjustments,
	net of tax of $2, $1, $4 and $4, respectively		(23	)		(9	)		(19	)		18
	Net unrealized gains on derivatives,
	net of tax of $1, $0, $0 and $1, respectively		3			1			2			-
	Pension and postretirement benefit adjustments,
	net of tax of $0, $1, $2 and $1, respectively		1			1			(3	)		2
	Total other comprehensive (loss) income, net of tax		(19	)		(7	)		(20	)		20
	Comprehensive income	$	96		$	116		$	231		$	276
Schedule of Changes in Accumulated Other Comprehensive Net Losses	'
		Foreign			Net unrealized			Pension and			Total
		currency			(losses) gains on			postretirement
		translation			derivatives			benefit
		adjustments						adjustments
	Balance as of June 30, 2013, net of tax	$	(209	)	$	(30	)	$	(128	)	$	(367	)
	Other comprehensive (loss) income
	before reclassifications		(19	)		2			(5	)		(22	)
	Amounts reclassified from accumulated other
	comprehensive net losses		-			-			2			2
	Net other comprehensive (loss) income		(19	)		2			(3	)		(20	)
	Balance as of December 31, 2013, net of tax	$	(228	)	$	(28	)	$	(131	)	$	(387	)

RETIREMENT_INCOME_AND_HEALTHCA

RETIREMENT INCOME AND HEALTHCARE BENEFIT PLANS (Tables)	6 Months Ended
	Dec. 31, 2013
RETIREMENT INCOME AND HEALTH CARE BENEFIT PLANS [Abstract]	'
Schedule of Components of Net Periodic Benefit Cost	'
		Three Months Ended							Six Months Ended
			12/31/13			12/31/12				12/31/13			12/31/12
	Service cost		$	-		$	1			$	1		$	2
	Interest cost			7			6				13			12
	Expected return on plan assets			(7	)		(8	)			(13	)		(15	)
	Amortization of unrecognized items			3			4				6			6
	Total		$	3		$	3			$	7		$	5

SEGMENT_RESULTS_Tables

SEGMENT RESULTS (Tables)	6 Months Ended
	Dec. 31, 2013
SEGMENT RESULTS [Abstract]	'
Schedule of Segment Reporting Information	'
		Net sales
		Three Months Ended						Six Months Ended
		12/31/13			12/31/12			12/31/13			12/31/12
	Cleaning	$	432		$	425		$	911		$	897
	Household		352			357			724			712
	Lifestyle		237			237			455			445
	International		309			306			604			609
	Total	$	1,330		$	1,325		$	2,694		$	2,663
		Earnings (losses) from continuing operations before income taxes
		Three Months Ended						Six Months Ended
		12/31/13			12/31/12			12/31/13			12/31/12
	Cleaning	$	101		$	100		$	232		$	220
	Household		41			56			93			106
	Lifestyle		69			70			122			126
	International		30			25			58			53
	Corporate		(60	)		(63	)		(116	)		(123	)
	Total	$	181		$	188		$	389		$	382

FINANCIAL_INSTRUMENTS_AND_FAIR1

FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS (Tables)	6 Months Ended
	Dec. 31, 2013
FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS [Abstract]	'
Schedule of Financial Instruments Measured at Fair Value	'
		Balance sheet		12/31/13					6/30/13
		classification		Level 1			Level 2		Level 1			Level 2
	Assets
	Foreign exchange derivative contracts	Other current assets		$	-		$	2	$	-		$	4
	Commodity purchase derivative contracts	Other current assets			-			1		-			-
	Trust assets for non-qualified deferred compensation plans	Other assets			26			-		-			-
				$	26		$	3	$	-		$	4
	Liabilities
	Commodity purchase derivative contracts	Accrued liabilities		$	-		$	1	$	-		$	3
	Commodity purchase derivative contracts	Other liabilities			-			1		-			-
				$	-		$	2	$	-		$	3
Schedule of the Effects of Derivative Instruments Designated as Hedging Instruments	'
		Gain (loss) recognized in OCI
		Three Months Ended							Six Months Ended
		12/31/13				12/31/12			12/31/13				12/31/12
	Commodity purchase contracts	$	3			$	-		$	1			$	2
	Interest rate contracts		-				-			-				(1	)
	Foreign exchange contracts		1				1			1				(1	)
	Total	$	4			$	1		$	2			$	-
		Gain (loss) reclassified from OCI and recognized in earnings
		Three Months Ended							Six Months Ended
		12/31/13				12/31/12			12/31/13				12/31/12
	Interest rate contracts	$	(1	)		$	(1	)	$	(2	)		$	(2	)
	Foreign exchange contracts		1				-			2				-
	Total	$	-			$	(1	)	$	-			$	(2	)

INVENTORIES_NET_Details

INVENTORIES, NET (Details) (USD $)	Dec. 31, 2013	Jun. 30, 2013
In Millions, unless otherwise specified
INVENTORIES, NET [Abstract]	'	'
Finished goods	$391	$321
Raw materials and packaging	123	121
Work in process	3	3
LIFO allowances	-39	-40
Allowances for obsolescence	-12	-11
Total	$466	$394

OTHER_ASSETS_Details

OTHER ASSETS (Details) (USD $)	Dec. 31, 2013	Jun. 30, 2013
In Millions, unless otherwise specified
OTHER ASSETS [Abstract]	'	'
Investment in low-income housing partnerships	$4	$6

OTHER_LIABILITIES_Details

OTHER LIABILITIES (Details) (USD $)	Dec. 31, 2013	Jun. 30, 2013
In Millions, unless otherwise specified
OTHER LIABILITIES [Abstract]	'	'
Employee benefit obligations	$292	$270
Venture agreement net terminal obligation	287	284
Taxes	78	74
Other	108	114
Total	$765	$742

NET_EARNINGS_PER_SHARE_Schedul

NET EARNINGS PER SHARE (Schedule of Weighted Average Number of Shares) (Details)	3 Months Ended		6 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2013	Dec. 31, 2012
NET EARNINGS PER SHARE [Abstract]	'	'	'	'
Basic	129,836	130,991	129,955	130,630
Dilutive effect of stock options and other	2,442	1,453	2,321	1,490
Diluted	132,278	132,444	132,276	132,120

NET_EARNINGS_PER_SHARE_Narrati

NET EARNINGS PER SHARE (Narrative) (Details) (USD $)	3 Months Ended		6 Months Ended
In Millions, except Share data, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2013	Dec. 31, 2012
Net Earnings Per Share [Line Items]	'	'	'	'
Stock options excluded from calculation of diluted net EPS	0	0	0	0
Open-market program [Member]	'	'	'	'
Net Earnings Per Share [Line Items]	'	'	'	'
Share repurchase program, remaining authorized repurchase amount	'	'	750	'
Share repurchase program, shares repurchased	0	0	0	0
Share repurchase program, value of shares repurchased	0	0	0	0
Evergreen Program [Member]	'	'	'	'
Net Earnings Per Share [Line Items]	'	'	'	'
Share repurchase program, shares repurchased	0	0	1,600,000	0
Share repurchase program, value of shares repurchased	0	0	130	0

COMPREHENSIVE_INCOME_Schedule_

COMPREHENSIVE INCOME (Schedule of Comprehensive Income) (Details) (USD $)	3 Months Ended		6 Months Ended
In Millions, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2013	Dec. 31, 2012
COMPREHENSIVE INCOME [Abstract]	'	'	'	'
Net earnings	$115	$123	$251	$256
Other comprehensive income (losses), net of tax:	'	'	'	'
Foreign currency translation adjustments	-23	-9	-19	18
Net unrealized gains on derivatives	3	1	2	0
Pension and postretirement benefit adjustments	1	1	-3	2
Total other comprehensive (loss) income, net of tax	-19	-7	-20	20
Comprehensive income	96	116	231	276
Other comprehensive (loss) income, tax:	'	'	'	'
Foreign currency translation adjustments	-2	-1	-4	4
Net unrealized gains on derivatives	1	0	0	1
Pension and postretirement benefit adjustments	$0	$1	($2)	$1

COMPREHENSIVE_INCOME_Schedule_1

COMPREHENSIVE INCOME (Schedule of Changes in Accumulated Other Comprehensive Net Losses) (Details) (USD $)	3 Months Ended		6 Months Ended
In Millions, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2013	Dec. 31, 2012
Accumulated Other Comprehensive Income (Loss) [Line Items]	'	'	'	'
Beginning balance, net of tax	'	'	($367)	'
Other comprehensive income (loss) before reclassifications	'	'	-22	'
Amounts reclassified from accumulated other comprehensive net losses	'	'	2	'
Total other comprehensive (loss) income, net of tax	-19	-7	-20	20
Ending balance, net of tax	-387	'	-387	'
Foreign currency translation adjustments [Member]	'	'	'	'
Accumulated Other Comprehensive Income (Loss) [Line Items]	'	'	'	'
Beginning balance, net of tax	'	'	-209	'
Other comprehensive income (loss) before reclassifications	'	'	-19	'
Amounts reclassified from accumulated other comprehensive net losses	'	'	0	'
Total other comprehensive (loss) income, net of tax	'	'	-19	'
Ending balance, net of tax	-228	'	-228	'
Net unrealized (losses) gains on derivatives [Member]	'	'	'	'
Accumulated Other Comprehensive Income (Loss) [Line Items]	'	'	'	'
Beginning balance, net of tax	'	'	-30	'
Other comprehensive income (loss) before reclassifications	'	'	2	'
Amounts reclassified from accumulated other comprehensive net losses	'	'	0	'
Total other comprehensive (loss) income, net of tax	'	'	2	'
Ending balance, net of tax	-28	'	-28	'
Pension and postretirement benefit adjustments [Member]	'	'	'	'
Accumulated Other Comprehensive Income (Loss) [Line Items]	'	'	'	'
Beginning balance, net of tax	'	'	-128	'
Other comprehensive income (loss) before reclassifications	'	'	-5	'
Amounts reclassified from accumulated other comprehensive net losses	'	'	2	'
Total other comprehensive (loss) income, net of tax	'	'	-3	'
Ending balance, net of tax	($131)	'	($131)	'

INCOME_TAXES_Details

INCOME TAXES (Details) (USD $)	3 Months Ended		6 Months Ended
In Millions, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2013	Dec. 31, 2012	Jun. 30, 2013
INCOME TAXES [Abstract]	'	'	'	'	'
Effective tax rate on earnings	35.60%	34.30%	34.80%	32.90%	'
Potential unrecognized tax benefits which, if recognized, would affect the effective tax rate on earnings	$59	'	$59	'	$56
Accrued interest and penalties related to uncertain tax positions	9	'	9	'	8
Interest and penalties expense (benefit) included in income tax expense	$0	$0	$1	$0	'

RETIREMENT_INCOME_AND_HEALTH_C1

RETIREMENT INCOME AND HEALTH CARE BENEFIT PLANS (Details) (USD $)	3 Months Ended		6 Months Ended
In Millions, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2013	Dec. 31, 2012
Defined Benefit Plans [Line Items]	'	'	'	'
Service Cost	$0	$1	$1	$2
Interest Cost	7	6	13	12
Expected return on plan assets	-7	-8	-13	-15
Amortization of unrecognized items	3	4	6	6
Net periodic benefit cost	3	3	7	5
Retirement Health Care Plans [Member]	'	'	'	'
Defined Benefit Plans [Line Items]	'	'	'	'
Net periodic benefit cost	$0	$1	$0	$1

CONTINGENCIES_AND_GUARANTEES_D

CONTINGENCIES AND GUARANTEES (Details)	1 Months Ended		6 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2008	Mar. 31, 2008	Dec. 31, 2013	Jun. 30, 2013
	USD ($)	BRL	USD ($)	USD ($)
CONTINGENCIES AND GUARANTEES [Abstract]	'	'	'	'
Liability for future remediation costs	'	'	$14	$13
Percentage of liability for aggregate remediation and associated costs, other than legal fees	'	'	24.30%	'
Remediation period	'	'	'30 years	'
Amount awarded to Petroplus	13	23	'	'
Current value of judgment	'	'	34	'
Estimated range of loss in excess of amounts accrued, minimum	'	'	0	'
Estimated range of loss in excess of amounts accrued, maximum	'	'	28	'
Letter of credit	'	'	12	'
Letter of credit, amount outstanding	'	'	$0	'

SEGMENT_RESULTS_Schedule_of_Se

SEGMENT RESULTS (Schedule of Segment Reporting Information) (Details) (USD $)	3 Months Ended		6 Months Ended
In Millions, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2013	Dec. 31, 2012
Segment Reporting Information [Line Items]	'	'	'	'
Net sales	$1,330	$1,325	$2,694	$2,663
Earnings (losses) from continuing operations before income taxes	181	188	389	382
Cleaning [Member]	'	'	'	'
Segment Reporting Information [Line Items]	'	'	'	'
Net sales	432	425	911	897
Earnings (losses) from continuing operations before income taxes	101	100	232	220
Household [Member]	'	'	'	'
Segment Reporting Information [Line Items]	'	'	'	'
Net sales	352	357	724	712
Earnings (losses) from continuing operations before income taxes	41	56	93	106
Lifestyle [Member]	'	'	'	'
Segment Reporting Information [Line Items]	'	'	'	'
Net sales	237	237	455	445
Earnings (losses) from continuing operations before income taxes	69	70	122	126
International [Member]	'	'	'	'
Segment Reporting Information [Line Items]	'	'	'	'
Net sales	309	306	604	609
Earnings (losses) from continuing operations before income taxes	30	25	58	53
Corporate [Member]	'	'	'	'
Segment Reporting Information [Line Items]	'	'	'	'
Earnings (losses) from continuing operations before income taxes	($60)	($63)	($116)	($123)

SEGMENT_RESULTS_Narrative_Deta

SEGMENT RESULTS (Narrative) (Details) (USD $)

Dec. 31, 2013

Jun. 30, 2013

Dec. 31, 2012

Jun. 30, 2012

Dec. 31, 2013

Jun. 30, 2013

Feb. 08, 2013

Dec. 31, 2013

Jun. 30, 2013

Jan. 31, 2014

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

In Millions, unless otherwise specified

Venezuelan Subsidiary [Member]

Venezuelan Subsidiary [Member]

Venezuelan Subsidiary [Member]

Argentine Subsidiary [Member]

Argentine Subsidiary [Member]

Argentine Subsidiary [Member]

Net sales [Member]

Net sales [Member]

Net sales [Member]

Net sales [Member]

Subsequent Event [Member]

Wal-Mart Stores, Inc. [Member]

Wal-Mart Stores, Inc. [Member]

Wal-Mart Stores, Inc. [Member]

Wal-Mart Stores, Inc. [Member]

Segment Reporting Information [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Concentration percentage

'

'

'

'

'

'

'

'

'

'

26.00%

25.00%

26.00%

26.00%

Decline in value of foreign currency

'

'

'

'

'

'

'

18.00%

16.00%

19.00%

'

'

'

'

Exchange rate per USD

'

'

'

'

6.3

'

6.3

6.5

'

8

'

'

'

'

Exchange rate per USD before devaluation

'

'

'

'

'

'

4.3

'

'

'

'

'

'

'

Venezuela alternative currency exchange system (SITME) rate before elimination

'

'

'

'

'

'

5.7

'

'

'

'

'

'

'

Cash and cash equivalents

$341

$299

$445

$267

$10

'

'

$14

'

'

'

'

'

'

Long-term value added tax receivable

'

'

'

'

14

'

'

'

'

'

'

'

'

'

Assets

4,388

4,311

'

'

86

'

'

106

'

'

'

'

'

'

Intangible assets

'

'

'

'

$8

'

'

'

'

'

'

'

'

'

Subsidiary net sales as a percentage of consolidated net sales

'

'

'

'

2.00%

2.00%

'

4.00%

3.00%

'

'

'

'

'

FINANCIAL_INSTRUMENTS_AND_FAIR2

FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS (Narrative) (Details) (USD $)

3 Months Ended

6 Months Ended

6 Months Ended

6 Months Ended

6 Months Ended

In Millions, unless otherwise specified

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

Jun. 30, 2013

Dec. 31, 2013

Jun. 30, 2013

Dec. 31, 2013

Jun. 30, 2013

Feb. 05, 2014

Dec. 31, 2013

Dec. 31, 2013

Jun. 30, 2013

Dec. 31, 2013

Jun. 30, 2013

Dec. 31, 2013

Jun. 30, 2013

Dec. 31, 2013

Jun. 30, 2013

Dec. 31, 2013

Jun. 30, 2013

Dec. 31, 2013

Jun. 30, 2013

Commodity purchase contracts [Member]

Commodity purchase contracts [Member]

Interest rate contracts [Member]

Interest rate contracts [Member]

Interest rate contracts [Member]

Foreign exchange contracts [Member]

Jet Fuel [Member]

Jet Fuel [Member]

Soybean Oil [Member]

Soybean Oil [Member]

Canada [Member]

Canada [Member]

Australia [Member]

Australia [Member]

New Zealand [Member]

New Zealand [Member]

Economic Hedge of Foreign Exchange Risk [Member]

Economic Hedge of Foreign Exchange Risk [Member]

Subsequent Event [Member]

Commodity purchase contracts [Member]

Commodity purchase contracts [Member]

Commodity purchase contracts [Member]

Commodity purchase contracts [Member]

Foreign exchange contracts [Member]

Foreign exchange contracts [Member]

Foreign exchange contracts [Member]

Foreign exchange contracts [Member]

Foreign exchange contracts [Member]

Foreign exchange contracts [Member]

Foreign exchange contracts [Member]

Foreign exchange contracts [Member]

Derivative [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Maximum contract duration

'

'

'

'

'

'18 months

'

'12 months

'

'

'20 months

'

'

'

'

'

'

'

'

'

'

'

'

Notional amount

'

'

'

'

'

$51

$51

$0

$0

$288

'

$23

$32

$28

$19

$6

$18

$20

$22

$2

$4

$0

$0

Derivative instruments subject to contractually defined counterparty liability position limits

2

'

2

'

3

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Estimated amount of the existing net loss to be reclassified into earnings, in the next 12 months, maximum

2

'

2

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Gain (loss) from derivatives not designated as accounting hedges

0

0

0

1

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Non-qualified deferred compensation plan assets, changes in fair value of trust assets

0

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Estimated fair value of long-term debt

$2,238

'

$2,238

'

$2,263

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

FINANCIAL_INSTRUMENTS_AND_FAIR3

FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS (Schedule of Financial Instruments Measured at Fair Value) (Details) (USD $)	Dec. 31, 2013	Jun. 30, 2013
In Millions, unless otherwise specified
Level 1 [Member]	'	'
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]	'	'
Assets	$26	$0
Liabilities	0	0
Level 2 [Member]	'	'
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]	'	'
Assets	3	4
Liabilities	2	3
Other assets [Member] | Level 1 [Member]	'	'
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]	'	'
Trust assets for nonqualified deferred compensation plans	26	0
Foreign exchange derivative contracts [Member] | Other current assets [Member] | Level 2 [Member]	'	'
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]	'	'
Cash flow hedge derivative instrument assets, at fair value	2	4
Commodity purchase derivative contracts [Member] | Other current assets [Member] | Level 2 [Member]	'	'
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]	'	'
Cash flow hedge derivative instrument assets, at fair value	1	0
Commodity purchase derivative contracts [Member] | Accrued liabilities [Member] | Level 2 [Member]	'	'
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]	'	'
Cash flow hedge derivative instrument liabilities, at fair value	1	3
Commodity purchase derivative contracts [Member] | Other liabilities [Member] | Level 2 [Member]	'	'
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]	'	'
Cash flow hedge derivative instrument liabilities, at fair value	$1	$0

FINANCIAL_INSTRUMENTS_AND_FAIR4

FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS (Schedule of the Effects of Derivative Instruments Designated as Hedging Instruments) (Details) (USD $)	3 Months Ended		6 Months Ended
In Millions, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2013	Dec. 31, 2012
Derivative Instruments, Gain (Loss) [Line Items]	'	'	'	'
Gain (loss) recognized in OCI	$4	$1	$2	$0
Gain (loss) reclassified from OCI and recognized in earnings	0	-1	0	-2
Commodity purchase contracts [Member]	'	'	'	'
Derivative Instruments, Gain (Loss) [Line Items]	'	'	'	'
Gain (loss) recognized in OCI	3	0	1	2
Interest rate contracts [Member]	'	'	'	'
Derivative Instruments, Gain (Loss) [Line Items]	'	'	'	'
Gain (loss) recognized in OCI	0	0	0	-1
Gain (loss) reclassified from OCI and recognized in earnings	-1	-1	-2	-2
Foreign exchange contracts [Member]	'	'	'	'
Derivative Instruments, Gain (Loss) [Line Items]	'	'	'	'
Gain (loss) recognized in OCI	1	1	1	-1
Gain (loss) reclassified from OCI and recognized in earnings	$1	$0	$2	$0