1000 - CONSOLIDATED INCOME STAT
1000 - CONSOLIDATED INCOME STATEMENT (USD $) | ||||
In Millions | 3 Months Ended
Jun. 30, 2009 | 3 Months Ended
Jun. 30, 2008 | 6 Months Ended
Jun. 30, 2009 | 6 Months Ended
Jun. 30, 2008 |
Net Sales | $4,727 | $5,006 | $9,220 | $9,819 |
Cost of products sold | 3,154 | 3,522 | 6,193 | 6,879 |
Gross Profit | 1,573 | 1,484 | 3,027 | 2,940 |
Marketing, research and general expenses | 923 | 827 | 1,672 | 1,626 |
Other (income) and expense, net | 41 | 7 | 118 | 0 |
Operating Profit | 609 | 650 | 1,237 | 1,314 |
Interest income | 6 | 8 | 14 | 16 |
Interest expense | (71) | (74) | (144) | (148) |
Income Before Income Taxes, Equity Interests and Extraordinary Loss | 544 | 584 | 1,107 | 1,182 |
Provision for income taxes | (158) | (174) | (322) | (339) |
Income Before Equity Interests and Extraordinary Loss | 386 | 410 | 785 | 843 |
Share of net income of equity companies | 44 | 49 | 76 | 92 |
Extraordinary loss, net of income taxes | 0 | (8) | 0 | (8) |
Net Income | 430 | 451 | 861 | 927 |
Net income attributable to noncontrolling interests | (27) | (34) | (51) | (69) |
Net Income Attributable to Kimberly-Clark Corporation | $403 | $417 | $810 | $858 |
Basic | ||||
Before extraordinary loss | 0.97 | 1.01 | 1.95 | 2.06 |
Extraordinary loss | 0 | -0.02 | 0 | -0.02 |
Net Income Attributable to Kimberly-Clark Corporation | 0.97 | 0.99 | 1.95 | 2.04 |
Diluted | ||||
Before extraordinary loss | 0.97 | 1.01 | 1.95 | 2.05 |
Extraordinary loss | 0 | -0.02 | 0 | -0.02 |
Net Income Attributable to Kimberly-Clark Corporation | 0.97 | 0.99 | 1.95 | 2.03 |
Cash Dividends Declared | 0.6 | 0.58 | 1.2 | 1.16 |
2000 - CONDENSED CONSOLIDATED B
2000 - CONDENSED CONSOLIDATED BALANCE SHEET (USD $) | ||
In Millions | Jun. 30, 2009
| Dec. 31, 2008
|
Current Assets | ||
Cash and cash equivalents | $591 | $364 |
Accounts receivable, net | 2,331 | 2,492 |
Inventories | 2,058 | 2,493 |
Other current assets | 484 | 464 |
Total Current Assets | 5,464 | 5,813 |
Property | 16,331 | 15,723 |
Less accumulated depreciation | 8,523 | 8,056 |
Net Property | 7,808 | 7,667 |
Investments in Equity Companies | 369 | 324 |
Goodwill | 2,981 | 2,743 |
Long-Term Notes Receivable | 605 | 603 |
Other Assets | 919 | 939 |
Total Assets | 18,146 | 18,089 |
Current Liabilities | ||
Debt payable within one year | 373 | 1,083 |
Accounts payable | 1,512 | 1,603 |
Accrued expenses | 2,000 | 1,723 |
Other current liabilities | 421 | 343 |
Total Current Liabilities | 4,306 | 4,752 |
Long-Term Debt | 5,490 | 4,882 |
Noncurrent Employee Benefits | 1,962 | 2,593 |
Long-Term Income Taxes Payable | 151 | 189 |
Deferred Income Taxes | 209 | 193 |
Other Liabilities | 205 | 187 |
Redeemable Preferred and Common Securities of Subsidiaries | 1,046 | 1,032 |
Stockholders' Equity | ||
Kimberly-Clark Corporation | 4,496 | 3,878 |
Noncontrolling Interests | 281 | 383 |
Total Stockholders' Equity | 4,777 | 4,261 |
Liabilities and Stockholders' Equity, Total | $18,146 | $18,089 |
4000 - CONDENSED CONSOLIDATED C
4000 - CONDENSED CONSOLIDATED CASH FLOW STATEMENT (USD $) | ||
In Millions | 6 Months Ended
Jun. 30, 2009 | 6 Months Ended
Jun. 30, 2008 |
Operating Activities | ||
Net Income | $861 | $927 |
Extraordinary loss, net of income taxes | 0 | 8 |
Depreciation and amortization | 367 | 400 |
Stock-based compensation | 28 | 25 |
Decrease (increase) in operating working capital | 886 | (193) |
Deferred income taxes | (63) | 50 |
Net losses on asset dispositions | 21 | 17 |
Equity companies' earnings in excess of dividends paid | (51) | (53) |
Postretirement benefits | (354) | (4) |
Other | (6) | 20 |
Cash Provided by Operations | 1,689 | 1,197 |
Investing Activities | ||
Capital spending | (396) | (434) |
Acquisition of businesses, net of cash acquired | (165) | (76) |
Proceeds from sales of investments | 19 | 39 |
Proceeds from dispositions of property | 2 | 1 |
Net (increase) decrease in time deposits | (40) | 44 |
Investments in marketable securities | 0 | (9) |
Other | (16) | (1) |
Cash Used for Investing | (596) | (436) |
Financing Activities | ||
Cash dividends paid | (488) | (468) |
Net (decrease) increase in short-term debt | (86) | 213 |
Proceeds from issuance of long-term debt | 2 | 34 |
Repayments of long-term debt | (32) | (35) |
Cash paid on redeemable preferred securities of subsidiary | (26) | (20) |
Shares purchased from noncontrolling interests | (278) | 0 |
Proceeds from exercise of stock options | 23 | 67 |
Acquisitions of common stock for the treasury | (6) | (437) |
Other | 2 | (33) |
Cash Used for Financing | (889) | (679) |
Effect of Exchange Rate Changes on Cash and Cash Equivalents | 23 | (9) |
Increase in Cash and Cash Equivalents | 227 | 73 |
Cash and Cash Equivalents, beginning of year | 364 | 473 |
Cash and Cash Equivalents, end of period | $591 | $546 |
5000 - CONSOLIDATED STATEMENT O
5000 - CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME (USD $) | ||||
In Millions | 3 Months Ended
Jun. 30, 2009 | 3 Months Ended
Jun. 30, 2008 | 6 Months Ended
Jun. 30, 2009 | 6 Months Ended
Jun. 30, 2008 |
Net Income | $430 | $451 | $861 | $927 |
Other Comprehensive Income, Net of Tax | ||||
Unrealized currency translation adjustments | 646 | 39 | 285 | 330 |
Employee postretirement benefits | 145 | 6 | 177 | 0 |
Other | (9) | 10 | (15) | (12) |
Total Other Comprehensive Income, Net of Tax | 782 | 55 | 447 | 318 |
Comprehensive Income | 1,212 | 506 | 1,308 | 1,245 |
Comprehensive income attributable to noncontrolling interests | 62 | 19 | 53 | 40 |
Comprehensive Income Attributable to Kimberly-Clark Corporation | $1,150 | $487 | $1,255 | $1,205 |
6000 - Accounting Policies
6000 - Accounting Policies | |
6 Months Ended
Jun. 30, 2009 | |
Accounting Policies | |
Significant Accounting Policies [Text Block] | Note 1.Accounting Policies Basis of Presentation The accompanying unaudited condensed Consolidated Financial Statements have been prepared in accordance with accounting principles generally accepted in the United States of America (GAAP) for interim financial information and with the instructions to Form10-Q and Article10 of RegulationS-X.Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements.In the opinion of management, all adjustments, consisting of normal recurring adjustments, considered necessary for a fair presentation have been included. For further information, refer to the Consolidated Financial Statements and footnotes thereto included in the Corporations Annual Report on Form10-K for the year ended December31,2008. In accordance with the requirements of Statement of Financial Accounting Standards (SFAS) No. 165, Subsequent Events, management has evaluated events occurring subsequent to June 30, 2009 through August 7, 2009, the date of filing the Form 10-Q with the Securities and Exchange Commission, to determine if any such events should either be recognized or disclosed in these condensed Consolidated Financial Statements. New Accounting Standards Effective January 1, 2009, the Corporation adopted FASB Staff Position (FSP) No. EITF 03-6-1, Determining Whether Instruments Granted in Share-Based Payment Transactions Are Participating Securities, as required.The FSP specifies that certain share-based payment awards thatare entitled to nonforfeitable dividends or dividend equivalents are participating securities, which must be included in the computation of basic and diluted earnings per share under the two-class method prescribed in SFASNo.128, Earnings per Share. Under the two-class method, earnings per share is computed by allocating net income between common stockholders and participating securities. In accordance with the FSP, the Corporations basic and diluted earnings per share amounts have been recast from amounts previously reported as follows: As Previously Reported As Recast Basic Diluted Basic Diluted 2008: First Quarter $ 1.05 $ 1.04 $ 1.05 $ 1.04 Second Quarter 1.00 0.99 0.99 0.99 Six Months 2.05 2.04 2.04 2.03 Third Quarter 1.00 0.99 0.99 0.99 Fourth Quarter 1.01 1.01 1.01 1.01 Full Year 4.06 4.04 4.04 4.03 2007 4.13 4.09 4.11 4.08 2006 3.27 3.25 3.26 3.24 Effective June 30, 2009, the Corporation adopted FSP No. FAS 107-1 and APB 28-1, Interim Disclosures about Fair Value of Financial Instruments.Therequired additional disclosures are included in Note 2. Effective June 30, 2009, the Corporation adopted FSP No. FAS 115-2 and FAS 124-2, Recognition and Presentation of Other-Than-Temporary I |
6010 - Fair Value Measurements
6010 - Fair Value Measurements | |
6 Months Ended
Jun. 30, 2009 | |
Fair Value Measurements | |
Fair Value Disclosures [Text Block] | Note 2.Fair Value Measurements The following information is presented in accordance with the requirements of SFAS No. 157, Fair Value Measurements (SFAS 157).SFAS157 establishes a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value.The three levels in the hierarchy used to measure fair value are: Level 1 Unadjusted quoted prices in active markets accessible at the reporting date for identical assets and liabilities. Level 2 Quoted prices for similar assets or liabilities in active markets.Quoted prices for identical or similar assets and liabilities in markets that are not considered active or financial instruments for which all significant inputs are observable, either directly or indirectly. Level 3 Prices or valuations that require inputs that are significant to the valuation and are unobservable. A financial instruments level within the fair value hierarchy is based on the lowest level of any input that is significant to the fair value measurement. Set forth below are the assets and liabilities that are measured on a recurring basis at fair value as of June 30, 2009, together with the inputs used to develop those fair value measurements.The Corporation has no assets or liabilities for which fair value was measured on a recurring basis using Level 3 inputs. Fair Value Measurements (Millions of dollars) June 30, 2009 Level 1 Level 2 Assets Company-owned life insurance (COLI) $ 40 $ - $ 40 Available-for-sale securities 11 11 - Derivatives 75 - 75 Total $ 126 $ 11 $ 115 Liabilities Derivatives $ 150 $ - $ 150 The COLI policies are a source of funding primarily for the Corporations nonqualified employee benefits and are included in other assets.Available-for-sale securities are included in other assets.The derivative assets and liabilities are included in other current assets, other assets, accrued expenses and other liabilities, as appropriate. Level 1 Fair Values - The fair values of available-for-sale securities are based on quoted market prices in active markets for identical assets.Unrealized losses on these securities aggregating $6million have been recorded in other comprehensive income until realized.The unrealized losses have not been recognized in earnings because the Corporation has both the intent and ability to hold the securities for a period of time sufficient to allow for an anticipated recovery of fair value to the cost of such securities. Level 2 Fair Values - The fair value of the COLI policies is derived from investments in a mix of money market, fixed income and equity funds managed by unrelated fund managers.The fair values of derivatives used to manage interest rate risk and commodity price risk are based on LIBOR rates and interest rate swap curves and NYMEX price quotations, respectively.The fair value of hedging instruments used to manage foreign currency risk is based on quotations of spot currency rates and forward points, whi |
6020 - Strategic Cost Reduction
6020 - Strategic Cost Reduction Plan | |
6 Months Ended
Jun. 30, 2009 | |
Organization Optimization Initiative | |
Restructuring and Related Activities Disclosure [Text Block] | Note 3.Organization Optimization Initiative In June 2009, the Corporation announced actions to reduce its worldwide salaried workforce by approximately 1,600 positions by the end of 2009.These actions are estimated to result in cumulative pretax charges of approximately $140 to $150 million by the end of 2009.A pretax charge of $110million ($78 million after-tax) was recorded in the quarter ended June30, 2009. Termination benefits related to the staff reductions were accrued in accordance with the requirements of SFAS No. 112, Employers Accounting for Postemployment Benefits and SFAS No. 88, Employers Accounting for Settlements and Curtailments of Defined Benefits Pension Plans and for Termination Benefits (SFAS 88), as appropriate.Substantially all the benefits under these programs will be paid by the end of 2009. Costs of these actions are recorded at the business segment and corporate levels as follows: (Millions of dollars) Three Months Ended June 30 2009 Personal Care $ 41 Consumer Tissue 42 K-C Professional Other 14 Health Care 6 Corporate Other 7 Total $ 110 On a geographic area basis, $76million of the charges were recorded in North America and $34million in Europe. The charges are included in the following income statement captions: ThreeMonths Ended June 30 (Millions of dollars) 2009 Costofproductssold $ 27 Marketing,researchandgeneralexpenses 83 Provisionforincometaxes (32 ) NetCharges $ 78 At June 30, 2009, no severance payments had been made under this initiative. |
6030 - Inventories
6030 - Inventories | |
6 Months Ended
Jun. 30, 2009 | |
Inventories | |
Inventory Disclosure [Text Block] | Note4.Inventories The following schedule presents inventories by major class: June 30, 2009 December 31, 2008 Summary of Inventories (Millions of dollars) LIFO Non- LIFO Total LIFO Non- LIFO Total At the lower of cost determined on the FIFO or weighted-average cost methods or market: Raw materials $ 122 $ 261 $ 383 $ 150 $ 367 $ 517 Work in process 183 119 302 246 133 379 Finished goods 549 737 1,286 758 832 1,590 Supplies and other - 278 278 - 262 262 854 1,395 2,249 1,154 1,594 2,748 Excess of FIFO or weighted-average cost over LIFO cost (191 ) - (191 ) (255 ) - (255 ) Total $ 663 $ 1,395 $ 2,058 $ 899 $ 1,594 $ 2,493 The Corporation uses the LIFO method of valuing inventory for financial reporting purposes for most U.S. inventories.Interim LIFO calculations are based on managements estimates of expected year-end inventory levels and costs.An actual valuation of inventory under the LIFO method is made at the end of each year based on the inventory levels and costs at that time. |
6040 - Employee Postretirement
6040 - Employee Postretirement Benefits | |
6 Months Ended
Jun. 30, 2009 | |
Employee Postretirement Benefits | |
Pension and Other Postretirement Benefits Disclosure [Text Block] | Note5.Employee Postretirement Benefits The table below presents the interim period disclosures required by SFASNo.132 (revised 2003), Employers Disclosures about Pensions and Other Postretirement Benefits: Defined OtherPostretirement BenefitPlans BenefitPlans ThreeMonthsEndedJune30 (Millions of dollars) 2009 2008 2009 2008 Service cost $ 17 $ 19 $ 3 $ 4 Interest cost 77 83 11 12 Expected return on plan assets (67 ) (95 ) - - Recognized net actuarial loss (gain) 25 15 - (1 ) Curtailment 21 - - - Other - 3 1 1 Net periodic benefit cost $ 73 $ 25 $ 15 $ 16 Defined OtherPostretirement BenefitPlans BenefitPlans SixMonthsEndedJune30 (Millions of dollars) 2009 2008 2009 2008 Service cost $ 33 $ 39 $ 6 $ 7 Interest cost 154 165 24 25 Expected return on plan assets (132 ) (189 ) - - Recognized net actuarial loss 68 29 - - Curtailment 21 - - - Other 1 7 2 2 Net periodic benefit cost $ 145 $ 51 $ 32 $ 34 During the first and second quarters of 2009, the Corporation made cash contributions of approximately $90million and $405million, respectively, to its pension trusts.During the first and second quarters of 2008, the Corporation made cash contributions of approximately $36million and $17million, respectively, to its pension trusts.The Corporation currently anticipates contributing about $530million for the full year 2009 to its pension trusts. In April 2009, the Corporation took action with respect to its U.S. defined benefit pension and supplemental benefit plans to provide that no future compensation and benefit service will be accrued under these plans, other than for certain employees subject to collective bargaining agreements, for plan years after December 31, 2009 (DB Pension Freeze).In addition, the Corporation took action with respect to its Incentive Investment Plan (a 401(k) plan), Retirement Contribution Plan and Retirement Contribution Excess Benefit Program to discontinue all contributions to these plans for future plan years (other than for certain employees subject to collective bargaining agreements).These changes will not affect benefits earned by participants prior to January 1, 2010. Also in April, the Corporation announced that it intends to adopt, effective January 1, 2010, a new 401(k) profit sharing plan, and amend its supplemental plan, to provide for a matching contribution of 100 percent of a U.S. employees contributions to the plans, to a yearly maximum of four percent of eligible compensation, as well as a discretionary profit sharing contribution, in which contributions will be based on the Corporations profit performance.Except for certain employees subject to collective bargaining agreements, U.S. participants investment balances in |
6050 - Earnings Per Share
6050 - Earnings Per Share | |
6 Months Ended
Jun. 30, 2009 | |
Earnings Per Share | |
Earnings Per Share [Text Block] | Note 6.Earnings Per Share There are no adjustments required to be made to net income for purposes of computing basic and diluted EPS.The average number of common shares outstanding is reconciled to those used in the basic and diluted EPS computations as follows: AverageCommonSharesOutstanding ThreeMonths SixMonths EndedJune30 EndedJune30 (Millions of shares) 2009 2008 2009 2008 Average shares outstanding 414.1 417.7 413.9 418.9 Participating securities 1.5 1.8 1.7 1.7 Basic 415.6 419.5 415.6 420.6 Dilutive effect of stock options .1 1.3 .1 1.4 Dilutive effect of restricted share and restricted share unit awards .2 .2 .2 .2 Diluted 415.9 421.0 415.9 422.2 Options outstanding during the three- and six-month periods ended June30,2009 to purchase 26.3million and 25.2millionshares of common stock, respectively, were not included in the computation of diluted EPS because the exercise prices of the options were greater than the average market price of the common shares during the periods. Options outstanding during the three- and six-month periods ended June30,2008 to purchase 10.1million and 8.8million shares of common stock, respectively, were not included in the computation of diluted EPS because the exercise prices of the options were greater than the average market price of the common shares during the periods. The number of common shares outstanding as of June 30,2009 and 2008 was 414.3million and 416.2million, respectively. |
6060 - Stockholders' Equity
6060 - Stockholders' Equity | |
1/1/2009 - 6/30/2009
| |
Stockholders' Equity | |
Stockholders' Equity Note Disclosure [Text Block] | Note7.Stockholders Equity Effective January 1, 2009, the Corporation adopted SFAS No. 160, Noncontrolling Interests in Consolidated Financial Statements, an amendment of ARB No. 51 (SFAS 160), as required. SFAS 160 changes the classification of noncontrolling interests (formerly, minority owners interest in subsidiaries) in consolidated balance sheets and the accounting for and reporting of transactions between the reporting entity and holders of such noncontrolling interests.Under SFAS 160: Noncontrolling interests are reported as an element of consolidated equity, thereby eliminating the prior practice of classifying minority owners interests within a mezzanine section of the balance sheet. Reported net income includes the total income of all consolidated subsidiaries, with separate disclosure on the face of the income statement of the split of net income between the controlling and noncontrolling interests. Increases and decreases in the noncontrolling ownership interest amount are accounted for as equity transactions.If the controlling interest loses control and deconsolidates a subsidiary, full gain or loss on the transition is recognized. Adoption of SFAS 160 is prospective; however, prior year amounts in the Consolidated Financial Statements have been recast to conform to the following requirements of SFAS 160: Noncontrolling interests, which are not redeemable at the option of the noncontrolling interests, were reclassified from the mezzanine to equity, separate from the parents stockholders equity, in the consolidated balance sheet.Common securities, redeemable at the option of the noncontrolling interest, carried at redemption value of approximately $35million are classified in a line item combined with redeemable preferred securities of subsidiary in the consolidated balance sheet. Consolidated net income was recast to include net income attributable to both controlling and noncontrolling interests. Set forth below is a reconciliation of comprehensive income and stockholders equity attributable to Kimberly-Clark Corporation and noncontrolling interests for the six months ended June 30, 2009 and 2008.Also reconciled for the same periods are the redeemable preferred and common securities of subsidiaries, which are required to be classified outside of stockholders equity. Stockholders Equity Attributable to (Millions of dollars) Comprehensive Income The Corporation Noncontrolling Interests Redeemable Securities of Subsidiaries Balance at December 31, 2008 $ 3,878 $ 383 $ 1,032 Purchase of subsidiary shares from noncontrolling interests (170 ) (108 ) - Comprehensive Income: Net income $ 861 810 23 28 Other comprehensive income, net of tax: Unrealized translation 285 299 (14 ) - Employee postretirement |
6070 - Risk Management
6070 - Risk Management | |
6 Months Ended
Jun. 30, 2009 | |
Risk Management | |
Derivative Instruments and Hedging Activities Disclosure [Text Block] | Note 8.Risk Management As a multinational enterprise, the Corporation is exposed to risks, such as changes in foreign currency exchange rates, interest rates, commodity prices and certain investments in its defined benefit pension plans.A variety of practices is employed to manage these risks, including operating and financing activities and, where deemed appropriate, the use of derivative instruments.On the date the derivative contract is entered into, the Corporation formally designates certain derivatives either as cash flow, fair value or net investment hedges (each discussed below), including how the effectiveness of these hedges will be assessed and measured.This process links the derivatives to the transactions or financial balances they are hedging.Changes in the fair value of derivatives not designated as hedging instruments are recorded to earnings when they occur. The Corporations policies allow the use of derivatives for risk management purposes and prohibit their use for speculation.The Corporations policies also prohibit the use of any leveraged derivative instrument.Foreign currency derivative instruments, interest rate swaps and natural gas hedging contracts are entered into with major financial institutions. Foreign Currency Exchange Risk Management The Corporation has a centralized U.S. dollar functional currency international treasury operation (In-House Bank) that manages foreign currency exchange risks by netting exposures on a daily basis of recorded assets and liabilities of its non-U.S. dollar exposures and entering into derivative instruments with third parties whenever the net exposure in any single currency exceeds predetermined limits.These derivative instruments are not designated as hedging instruments.Changes in the fair value of these instruments are recorded in earnings when they occur.The In-House Bank also records the gain or loss on the translation of its non-U.S. dollar denominated monetary assets and liabilities in earnings.Consequently, the effect on earnings from the use of these non-designated derivatives is substantially neutralized by the recorded transactional gains and losses.The In-House Banks daily notional derivative positions with third parties averaged approximately $1.2 billion in the first six months of 2009 and its average net exposure for the period was $1.0 billion.The In-House Bank used eight counterparties for its foreign exchange derivative contracts. The Corporation enters into derivative instruments to hedge a portion of the foreign currency exposures of its non-U.S. operations principally for their forecasted purchases of pulp, which are priced in U.S. dollars.The derivative instruments used to manage these exposures are designated and qualify as cash flow hedges.The Corporation also hedges a portion of the foreign currency exposures of its non-U.S. operations for imported intercompany finished goods priced in U.S. dollars and euros through the use of derivative instruments that are designated and qualify as cash flow hedges.Gains and losses on these cash flow hedges, to the extent effective, are recorded in other comprehensive income net of related income taxes an |
6080 - Description of Business
6080 - Description of Business Segments | |
6 Months Ended
Jun. 30, 2009 | |
Description of Business Segments | |
Segment Reporting Disclosure [Text Block] | Note9.Description of Business Segments The Corporation is organized into operating segments based on product groupings.These operating segments have been aggregated into four reportable global business segments: Personal Care; Consumer Tissue; K-C Professional Other; and Health Care.The reportable segments were determined in accordance with how the Corporations executive managers develop and execute the Corporations global strategies to drive growth and profitability of the Corporations worldwide Personal Care, Consumer Tissue, K-C Professional Other and Health Care operations.These strategies include global plans for branding and product positioning, technology, research and development programs, cost reductions including supply chain management, and capacity and capital investments for each of these businesses.Segment management is evaluated on several factors, including operating profit.Segment operating profit excludes other income and (expense), net; income and expense not associated with the business segments; and the costs of corporate decisions related to the Corporations strategic cost reductions to streamline its manufacturing and administrative operations that commenced in the third quarter of 2005 and were completed by December 31, 2008. The principal sources of revenue in each global business segment are described below. The Personal Care segment manufactures and markets disposable diapers, training and youth pants and swimpants; baby wipes; feminine and incontinence care products; and related products.Products in this segment are primarily for household use and are sold under a variety of brand names, including Huggies, Pull-Ups, Little Swimmers, GoodNites, Kotex, Lightdays, Depend, Poise and other brand names. The Consumer Tissue segment manufactures and markets facial and bathroom tissue, paper towels, napkins and related products for household use.Products in this segment are sold under the Kleenex, Scott, Cottonelle, Viva, Andrex, Scottex, Hakle, Page and other brand names. The K-C Professional Other segment manufactures and markets facial and bathroom tissue, paper towels, napkins, wipers and a range of safety products for the away-from-home marketplace.Products in this segment are sold under the Kimberly-Clark, Kleenex, Scott, WypAll, Kimtech, KleenGuard, Kimcare and Jackson brand names. The Health Care segment manufactures and markets disposable health care products such as surgical gowns, drapes, infection control products, sterilization wrap, face masks, exam gloves, respiratory products and other disposable medical products.Products in this segment are sold under the Kimberly-Clark, Ballard and other brand names. The following schedules present information concerning consolidated operations by business segment: ThreeMonths SixMonths EndedJune30 EndedJune30 (Millions of dollars) 2009 2008 2009 2008 NET SALES: Personal Care $ 2,122 $ 2,165 $ 4,099 $ 4,211 Consumer Tissue 1,555 1,690 3,129 3,397 K-C Professional Other 736 840 |
Document Information
Document Information | |
6 Months Ended
Jun. 30, 2009 | |
Document Information [Line Items] | |
Document Type | 10-Q |
Amendment Flag | false |
Document Period End Date | 2009-06-30 |
Entity Information
Entity Information (USD $) | |||
6 Months Ended
Jun. 30, 2009 | Jul. 31, 2009
| Jun. 30, 2008
| |
Entity Information [Line Items] | |||
Entity Registrant Name | Kimberly-Clark Corporation | ||
Entity Central Index Key | 0000055785 | ||
Current Fiscal Year End Date | --12-31 | ||
Entity Well-known Seasoned Issuer | Yes | ||
Entity Voluntary Filers | No | ||
Entity Current Reporting Status | Yes | ||
Entity Filer Category | Large Accelerated Filer | ||
Entity Public Float | $24,900,000,000 | ||
Entity Common Stock, Shares Outstanding | 414,492,692 |