Recognize a one-time non-cash gain related to the Saudi Arabia joint venture stake
Delivered by the deadline
AI-confirmed · human review in progress Independent AI checks agreed on primary SEC or regulator evidence. Records are now being reviewed by hand, starting with those our customers order.
- Announced
- 3 Aug 2020
- Due
- 30 Sep 2020
- Delivered
- 30 Sep 2020
- Deadline
- Met
- Late
- Not met
- Today
What the company said
“a one-time non-cash gain associated with a fair value adjustment to the company’s previously held stake, which will be recognized in the first quarter of fiscal year 2021.”
What we found
Evidence strength A What the grades mean
Clorox recognized an $85 million one-time non-cash gain from the remeasurement of its Saudi Arabia joint venture stake during the first quarter of fiscal year 2021.
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A Clorox 10-Q filed 2020-11-02
“The variance was primarily due to an $85 one-time non-cash gain from the remeasurement of the Company’s previously held investment in its joint venture in the Kingdom of Saudi Arabia” ✓ confirmed on the page
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A Clorox 10-Q filed 2020-11-02
“The decrease in the effective tax rate on earnings for the current three-month period was primarily due to the non-taxability of a portion of the remeasurement gain recognized on the Company’s previously held investment” ✓ confirmed on the page
Market reaction: the shares moved -1.9% against the S&P 500 over the three sessions around the disclosure (30 Oct 2020 to 4 Nov 2020). What this measures
Checked 18 Oct 2026.
Commitment DNA
The structured record of this commitment. Fields the company did not state are left blank rather than guessed.
- Event type
- Transaction other
- Indicative materiality
- Medium rules
- Action
- Recognize
- Deliverable
- recognition of one-time non-cash gain
- Where
- Saudi Arabia
- Language
- Firm (“will”, “on track to”)
- In the company’s control
- High
- Specificity
- High
How this entry was checked
- Commitment recordedThe company's words were matched word for word against the filing.
- First checkAn AI model, Gemini (Google), read the company's later filings and recorded the outcome with a quoted passage.
- Second check: agreesA different AI model, Claude (Anthropic), re-read the evidence without being told the outcome and reached the same answer.
Confirmed. This outcome counts towards the company's Kept Score. How verification works
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Report an error in this entry Reference: KI-C-2020-CLX-013865 · Corrections policy