Opening Word document…
‘Decrease’ is net.
CC ’23 [The Clorox Company; May 2; American global manufacturer and marketer of consumer and professional products; The Clorox Company, “Ex. 99.2 - Supplemental Information Regarding Final Results dated May 2, 2023,” https://s21.q4cdn.com/507168367/files/doc_financials/FY23/Q3/Q3FY23-Supplemental-Financial-Schedules.pdf]
(2) Organic sales growth / (decrease) is defined as net sales growth / (decrease) excluding the effect of any acquisitions and divestitures and foreign exchange rate changes. See “Non-GAAP Financial Information” below for reconciliation of organic sales growth / (decrease) to net sales growth / (decrease), the most directly comparable GAAP financial information.
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