Kimberly-Clark (KMB) 10-Q 24 Oct 16 2016 Q3 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	9 Months Ended
	Sep. 30, 2016	Oct. 17, 2016
Document And Entity Information
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 30, 2016
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2,016
Entity Registrant Name	KIMBERLY CLARK CORP
Entity Central Index Key	55,785
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		358,155,430

Consolidated Income Statement

Consolidated Income Statement - USD ($) $ in Millions	3 Months Ended			9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015		Sep. 30, 2016	Sep. 30, 2015
Income Statement [Abstract]
Net Sales	$ 4,594	$ 4,718		$ 13,658	$ 14,052
Cost of products sold	2,924	3,036		8,685	9,054
Gross Profit	1,670	1,682		4,973	4,998
Marketing, research and general expenses	833	868		2,505	2,586
Other (income) and expense, net	1	35	[1]	(10)	1,429	[1]
Operating Profit	836	779		2,478	983
Interest income	2	4		9	12
Interest expense	(81)	(74)		(238)	(219)
Income Before Income Taxes and Equity Interests	757	709		2,249	776
Provision for income taxes	(227)	(217)		(651)	(166)
Income Before Equity Interests	530	492		1,598	610
Share of net income of equity companies	33	37		103	112
Net Income	563	529		1,701	722
Net income attributable to noncontrolling interests	(13)	(12)		(40)	(42)
Net Income Attributable to Kimberly-Clark Corporation	$ 550	$ 517		$ 1,661	$ 680
Per Share Basis
Basic	$ 1.53	$ 1.42		$ 4.61	$ 1.87
Diluted	1.52	1.41		4.58	1.85
Cash Dividends Declared	$ 0.92	$ 0.88		$ 2.76	$ 2.64
[1]	Other (income) and expense, net includes charges related to pension settlements of $19 and $1,350 for the three and nine months ended September 30, 2015, respectively. See Note 4 for additional information.

Consolidated Statement Of Compr

Consolidated Statement Of Comprehensive Income - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Statement of Comprehensive Income [Abstract]
Net Income	$ 563	$ 529	$ 1,701	$ 722
Other Comprehensive Income (Loss), Net of Tax
Unrealized currency translation adjustments	39	(531)	175	(847)
Employee postretirement benefits	15	(43)	22	818
Other	2	10	(5)	5
Total Other Comprehensive Income (Loss), Net of Tax	56	(564)	192	(24)
Comprehensive Income (Loss)	619	(35)	1,893	698
Comprehensive (income) less attributable to noncontrolling interests	(23)	4	(54)	(21)
Comprehensive Income (Loss) Attributable to Kimberly-Clark Corporation	$ 596	$ (31)	$ 1,839	$ 677

Consolidated Balance Sheet

Consolidated Balance Sheet - USD ($) $ in Millions	Sep. 30, 2016	Dec. 31, 2015
Current Assets
Cash and cash equivalents	$ 884	$ 619
Accounts receivable, net	2,222	2,281
Inventories	1,736	1,909
Other current assets	418	617
Total Current Assets	5,260	5,426
Property, Plant and Equipment, Net	7,198	7,104
Investments in Equity Companies	289	247
Goodwill	1,518	1,446
Other Assets	634	619
TOTAL ASSETS	14,899	14,842
Current Liabilities
Debt payable within one year	1,205	1,669
Trade accounts payable	2,454	2,612
Accrued expenses	1,731	1,750
Dividends payable	330	318
Total Current Liabilities	5,720	6,349
Long-Term Debt	6,443	6,106
Noncurrent Employee Benefits	1,195	1,137
Deferred Income Taxes	594	766
Other Liabilities	332	380
Redeemable Preferred Securities of Subsidiaries	64	64
Stockholders' Equity (Deficit)
Kimberly-Clark Corporation	299	(174)
Noncontrolling Interests	252	214
Total Stockholders' Equity	551	40
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 14,899	$ 14,842

Consolidated Cash Flow Statemen

Consolidated Cash Flow Statement - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
Operating Activities
Net Income	$ 1,701	$ 722
Depreciation and amortization	528	565
Stock-based compensation	64	68
Deferred income taxes	(13)	(378)
Equity companies' earnings (in excess of) less than dividends paid	(31)	(38)
(Increase) decrease in operating working capital	149	(316)
Postretirement benefits	4	941
Adjustments related to Venezuelan operations	(11)	45
Other	(30)	32
Cash Provided by Operations	2,361	1,641
Investing Activities
Capital spending	(582)	(798)
Investments in time deposits	(133)	(100)
Maturities of time deposits	64	100
Other	75	(25)
Cash Used for Investing	(576)	(823)
Financing Activities
Cash dividends paid	(981)	(952)
Change in short-term debt	(837)	(109)
Debt proceeds	1,290	1,097
Debt repayments	(596)	(349)
Proceeds from exercise of stock options	97	102
Acquisitions of common stock for the treasury	(512)	(503)
Shares purchased from noncontrolling interest	0	(151)
Other	2	6
Cash Used for Financing	(1,537)	(859)
Effect of Exchange Rate Changes on Cash and Cash Equivalents	17	(105)
Increase (Decrease) in Cash and Cash Equivalents	265	(146)
Cash and Cash Equivalents - Beginning of Period	619	789
Cash and Cash Equivalents - End of Period	$ 884	$ 643

Accounting Policies

Accounting Policies	9 Months Ended
	Sep. 30, 2016
Accounting Policies [Abstract]
Accounting Policies	Accounting Policies Basis of Presentation The accompanying unaudited 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 Form 10-Q and Article 10 of Regulation S-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 material adjustments which are of a normal and recurring nature necessary for a fair presentation of the results for the periods presented have been reflected. Dollar amounts are reported in millions, except per share dollar amounts, unless otherwise noted. For further information, refer to the Consolidated Financial Statements and footnotes included in our Annual Report on Form 10‑K for the year ended December 31, 2015 . The terms "Corporation," "Kimberly-Clark," "K-C," "we," "our" and "us" refer to Kimberly-Clark Corporation and its consolidated subsidiaries. Annual Goodwill Impairment Assessment Goodwill represents costs in excess of fair values assigned to the underlying net assets of acquired businesses. Goodwill is not amortized, but rather is assessed for impairment annually and whenever events and circumstances indicate that impairment may have occurred. Impairment testing compares the reporting unit carrying amount of goodwill with its fair value. If the reporting unit carrying amount of goodwill exceeds its fair value, an impairment charge would be recorded. In our evaluation of goodwill impairment, we have the option to first assess qualitative factors such as macroeconomic, industry and competitive conditions, legal and regulatory environment, historical and projected financial performance, significant changes in the reporting unit and the magnitude of excess fair value over carrying amount from the previous quantitative impairment testing. If the qualitative assessment determines that it is more likely than not that the fair value of a reporting unit is less than its carrying amount, then a quantitative impairment test using discounted cash flows to estimate fair value must be performed. On the other hand, if the qualitative assessment determines that it is more likely than not that the fair value of a reporting unit is more than its carrying value, then further quantitative testing is not required. For 2016, we have completed the required annual assessment of goodwill for impairment for all of our reporting units using a qualitative assessment as of the first day of the third quarter, and have determined that it is more likely than not that the fair value is more than the carrying amount for each of our reporting units. Accounting for Venezuelan Operations Effective December 31, 2015, we deconsolidated the assets and liabilities of our business in Venezuela from our consolidated balance sheet and moved to the cost method of accounting for our operations in that country. As of the first quarter of 2016, we no longer include the results of our Venezuelan business in our consolidated financial statements. The change resulted in the recognition of an after tax charge of $102 in 2015 and other income of $11 related to an updated assessment in 2016. In addition, we recorded a non-deductible charge of $45 related to a balance sheet remeasurement in 2015. Net sales of K‑C Venezuela were insignificant in 2015. Balance Sheet Classification of Deferred Taxes In 2015, the Financial Accounting Standards Board (the "FASB") issued Accounting Standards Update ("ASU") No. 2015-17, Income Taxes (Topic 740): Balance Sheet Classification of Deferred Taxes . Under this ASU, a reporting entity is required to classify all deferred tax assets and liabilities as noncurrent in a classified balance sheet. Current guidance requiring the offsetting of deferred tax assets and liabilities of a tax-paying component of an entity and presentation as a single noncurrent amount is not affected. We early adopted this ASU prospectively as of March 31, 2016 and our consolidated balance sheet reflects the new guidance for classification of deferred taxes. Prior periods were not recasted. New Accounting Standards In 2016, the FASB issued ASU No. 2016-09, Compensation-Stock Compensation (Topic 718) . The new guidance simplifies several aspects of the accounting for share-based payment transactions, including the income tax consequences, classification of awards as either equity or liabilities, and classification on the statement of cash flows. For public companies, the amendments in this standard are effective for annual periods beginning after December 15, 2016, and interim periods within those annual periods. Early adoption is permitted. The effects of this standard on our financial position, results of operations and cash flows are not expected to be material. In 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842) . Under the new guidance, a lessee will be required to recognize assets and liabilities for all leases with lease terms of more than 12 months. Consistent with current GAAP, the recognition, measurement, and presentation of expenses and cash flows arising from a lease by a lessee primarily will depend on its classification as a finance or operating lease. The ASU requires additional disclosures. The standard is effective for public companies for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2018. The ASU requires adoption based upon a modified retrospective transition approach. Early adoption is permitted. The effects of this standard on our financial position, results of operations and cash flows are not yet known. In 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers , which provides a single comprehensive model for entities to use in accounting for revenue arising from contracts with customers and will supersede most current revenue recognition guidance. In 2016, the FASB issued four amendments to the ASU. The standard is effective for public companies for annual and interim periods beginning after December 15, 2017. Early adoption is permitted as of one year prior to the current effective date. The guidance permits two implementation approaches, one requiring retrospective application of the new standard with restatement of prior years and one requiring prospective application of the new standard with disclosure of results under old standards. The effects of this standard on our financial position, results of operations and cash flows are not expected to be material.

2014 Organization Restructuring

2014 Organization Restructuring	9 Months Ended
	Sep. 30, 2016
Restructuring and Related Activities [Abstract]
Restructuring and Related Activities Disclosure	2014 Organization Restructuring In 2014, we initiated a restructuring plan in order to improve organization efficiency and offset the impact of stranded overhead costs resulting from the spin-off of our health care business. The restructuring is intended to improve our underlying profitability and increase our flexibility to invest in targeted growth initiatives, brand building and other capabilities critical to delivering future growth. The plan is expected to be completed by the end of 2016, with total costs, primarily severance, anticipated to be toward the high end of the range of $130 to $160 after tax ( $190 to $230 pretax). Cash costs are projected to be approximately 80 percent of the total charges. The restructuring is expected to impact all of our business segments and our organizations in all major geographies. Total charges were $15 ( $12 after tax) and $36 ( $20 after tax) for the nine months ended September 30, 2016 and 2015 , respectively. Through September 30, 2016 , cumulative pretax charges for the restructuring were $211 ( $149 after tax). Cash payments during the nine months ended September 30, 2016 and 2015 related to the restructuring were $49 and $65 , respectively.

Fair Value Information

Fair Value Information	9 Months Ended
	Sep. 30, 2016
Fair Value Disclosures [Abstract]
Fair Value Information	Fair Value Information The following fair value information is based on 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 instrument's level within the fair value hierarchy is based on the lowest level of any input that is significant to the fair value measurement. During the nine months ended September 30, 2016 and for the full year 2015 , there were no significant transfers among level 1, 2, or 3 fair value determinations. Company-owned life insurance ("COLI") assets and derivative assets and liabilities are measured on a recurring basis at fair value. COLI assets were $60 and $57 at September 30, 2016 and December 31, 2015 . The COLI policies are a source of funding primarily for our nonqualified employee benefits and are included in other assets. The fair value amount of the COLI policies is measured at fair value using the net asset value per share practical expedient, and therefore, is not classified in the fair value hierarchy. At September 30, 2016 and December 31, 2015 , derivative assets were $36 and $56 , respectively, and derivative liabilities were $26 and $42 , respectively. 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 published quotations of spot currency rates and forward points, which are converted into implied forward currency rates. Measurement of our derivative assets and liabilities is considered a level 2 measurement. Additional information on our classification and use of derivative instruments is contained in Note 7 . Redeemable preferred securities of subsidiaries are measured on a recurring basis at fair value and were $64 at both September 30, 2016 and December 31, 2015 . They are not traded in active markets. For certain redeemable securities, fair values were calculated using a floating rate pricing model that compared the stated spread to the fair value spread to determine the price at which each of the financial instruments should trade. The model used the following inputs to calculate fair values: face value, current LIBOR rate, unobservable fair value credit spread, stated spread, maturity date and interest or dividend payment dates. The fair value of the remaining redeemable securities was based on various inputs, including an independent third-party appraisal, adjusted for current market conditions. Measurement of the redeemable preferred securities is considered a level 3 measurement. The following table includes the fair value of our financial instruments for which disclosure of fair value is required: Fair Value Hierarchy Level Carrying Amount Estimated Fair Value Carrying Amount Estimated Fair Value September 30, 2016 December 31, 2015 Assets Cash and cash equivalents (a) 1 $ 884 $ 884 $ 619 $ 619 Time deposits and other (b) 1 190 190 124 124 Liabilities and redeemable securities of subsidiaries Short-term debt (c) 2 242 242 1,071 1,071 Long-term debt (d) 2 7,406 8,262 6,704 7,300 (a) Cash equivalents are composed of certificates of deposit, time deposits and other interest-bearing investments with original maturity dates of 90 days or less. Cash equivalents are recorded at cost, which approximates fair value. (b) Time deposits are composed of deposits with original maturities of more than 90 days but less than one year and instruments with original maturities of greater than one year, included in other current assets or other assets in the Consolidated Balance Sheet, as appropriate. Other, included in other current assets, is composed of funds held in escrow. Time deposits and other are recorded at cost, which approximates fair value. (c) Short-term debt is composed of U.S. commercial paper and/or other similar short-term debt issued by non-U.S. subsidiaries, all of which are recorded at cost, which approximates fair value. (d) Long-term debt includes the current portion of these debt instruments. Fair values were estimated based on quoted prices for financial instruments for which all significant inputs were observable, either directly or indirectly.

Employee Postretirement Benefit

Employee Postretirement Benefits	9 Months Ended
	Sep. 30, 2016
Defined Benefit Pension Plans and Defined Benefit Postretirement Plans Disclosure [Abstract]
Employee Postretirement Benefits	Employee Postretirement Benefits The table below presents net periodic benefit cost information for defined benefit plans and other postretirement benefit plans: Pension Benefits Other Benefits Three Months Ended September 30 2016 2015 2016 2015 Service cost $ 8 $ 10 $ 3 $ 3 Interest cost 35 39 7 8 Expected return on plan assets (38 ) (43 ) — — Recognized net actuarial loss 13 13 — — Settlements — 19 — — Other (2 ) (2 ) — — Net periodic benefit cost $ 16 $ 36 $ 10 $ 11 Pension Benefits Other Benefits Nine Months Ended September 30 2016 2015 2016 2015 Service cost $ 32 $ 29 $ 9 $ 9 Interest cost 110 148 24 25 Expected return on plan assets (119 ) (173 ) — — Recognized net actuarial loss 39 61 (1 ) (1 ) Settlements — 1,348 — — Other (7 ) (9 ) — — Net periodic benefit cost $ 55 $ 1,404 $ 32 $ 33 Effective January 2015, the U.S. pension plan was amended to include a lump-sum pension benefit payout option for certain plan participants. In addition, in April 2015, the U.S. pension plan completed the purchase of group annuity contracts that transferred to two insurance companies the pension benefit obligations totaling $2.5 billion for approximately 21,000 Kimberly-Clark retirees in the United States. As a result of these changes, we recognized pension settlement-related charges of $0.8 billion after tax ( $1.4 billion pretax in other (income) and expense, net) during 2015, mostly in the second quarter. In connection with these transactions, during the first quarter of 2015 we made a $410 contribution to our U.S. pension plan in order to maintain the plan’s funded status. For the nine months ended September 30, 2016 and 2015 , we made cash contributions of $35 and $437 , respectively, to our pension trusts. We expect to contribute up to $100 to our defined benefit pension plans for the full year 2016.

Earnings Per Share

Earnings Per Share	9 Months Ended
	Sep. 30, 2016
Earnings Per Share [Abstract]
Earnings Per Share	Earnings Per Share ("EPS") There are no adjustments required to be made to net income for purposes of computing EPS. A reconciliation of the average number of common shares outstanding used in the basic and diluted EPS computations follows: Three Months Ended Nine Months Ended (Millions of shares) 2016 2015 2016 2015 Basic 359.2 363.9 360.0 364.5 Dilutive effect of stock options and restricted share unit awards 2.3 2.3 2.4 2.4 Diluted 361.5 366.2 362.4 366.9 Options outstanding that were not included in the computation of diluted EPS because their exercise price was greater than the average market price of the common shares were insignificant. The number of common shares outstanding as of September 30, 2016 and 2015 was 358.4 million and 363.3 million , respectively.

Stockholders' Equity (Deficit)

Stockholders' Equity (Deficit)	9 Months Ended
	Sep. 30, 2016
Equity [Abstract]
Stockholders' Equity	Stockholders' Equity (Deficit) Set forth below is a reconciliation for the nine months ended September 30, 2016 of the carrying amount of total stockholders' equity (deficit) from the beginning of the period to the end of the period. Stockholders' Equity (Deficit) Attributable to The Corporation Noncontrolling Interests Balance at December 31, 2015 $ (174 ) $ 214 Net Income 1,661 37 Other comprehensive income, net of tax Unrealized translation 161 15 Employee postretirement benefits 22 — Other (5 ) — Stock-based awards exercised or vested 97 — Recognition of stock-based compensation 64 — Income tax benefits on stock-based compensation 20 — Shares repurchased (553 ) — Dividends declared (993 ) (16 ) Other (1 ) 2 Balance at September 30, 2016 $ 299 $ 252 During the nine months ended September 30, 2016 , we repurchased 4.0 million shares at a total cost of $525 pursuant to a share repurchase program authorized by our Board of Directors. Net unrealized currency gains or losses resulting from the translation of assets and liabilities of foreign subsidiaries, except those in highly inflationary economies, are recorded in accumulated other comprehensive income ("AOCI"). For these operations, changes in exchange rates generally do not affect cash flows; therefore, unrealized translation is recorded in AOCI rather than net income. Upon sale or substantially complete liquidation of any of these subsidiaries, the applicable unrealized translation would be removed from AOCI and reported as part of the gain or loss on the sale or liquidation. Also included in unrealized translation are the effects of foreign exchange rate changes on intercompany balances of a long-term investment nature and transactions designated as hedges of net foreign investments. The change in net unrealized currency translation for the nine months ended September 30, 2016 was primarily due to the strengthening of most foreign currencies versus the U.S. dollar, including the Brazilian real, South Korean won, Australian dollar, euro and Russian ruble, partially offset by the weakening of the British pound sterling. The changes in the components of AOCI attributable to Kimberly-Clark, net of tax, are as follows: Unrealized Translation Defined Benefit Pension Plans Other Postretirement Benefit Plans Cash Flow Hedges and Other Balance as of December 31, 2014 $ (1,335 ) $ (1,924 ) $ (37 ) $ (16 ) Other comprehensive income (loss) before reclassifications (825 ) (56 ) 10 44 (Income) loss reclassified from AOCI — 864 (a) (1 ) (a) (39 ) Net current period other comprehensive income (loss) (825 ) 808 9 5 Shares purchased from noncontrolling interest and other (12 ) — — 1 Balance as of September 30, 2015 $ (2,172 ) $ (1,116 ) $ (28 ) $ (10 ) Balance as of December 31, 2015 $ (2,252 ) $ (1,013 ) $ (3 ) $ (10 ) Other comprehensive income (loss) before reclassifications 161 10 (9 ) 8 (Income) loss reclassified from AOCI — 22 (a) (1 ) (a) (13 ) Net current period other comprehensive income (loss) 161 32 (10 ) (5 ) Balance as of September 30, 2016 $ (2,091 ) $ (981 ) $ (13 ) $ (15 ) (a) Included in computation of net periodic pension costs (see Note 4 ). During the first quarter of 2015 , we acquired the remaining 49.9 percent interest in our subsidiary in Israel, Hogla-Kimberly, Ltd., for $151 . As our subsidiary in Turkey was wholly-owned by our subsidiary in Israel, through this acquisition we also effectively acquired the remaining 49.9 percent interest in our subsidiary in Turkey, Kimberly-Clark Tuketim Mallari Sanayi ve Ticaret A.s. The purchase of additional ownership in an already controlled subsidiary is treated as an equity transaction with no gain or loss recognized in consolidated net income or comprehensive income. The effect of the change in ownership interest is as follows: Nine Months Ended September 30, 2015 Net income attributable to Kimberly-Clark Corporation $ 680 Decrease in Kimberly-Clark Corporation's additional paid-in capital for acquisition (94 ) Change from net income attributable to Kimberly-Clark Corporation and transfers to noncontrolling interests $ 586

Objectives And Strategies For U

Objectives And Strategies For Using Derivatives	9 Months Ended
	Sep. 30, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Objectives And Strategies For Using Derivatives	Objectives and Strategies for Using Derivatives As a multinational enterprise, we are exposed to financial risks, such as changes in foreign currency exchange rates, interest rates, and commodity prices. We employ a number of practices to manage these risks, including operating and financing activities and, where appropriate, the use of derivative instruments. We enter into derivative instruments to hedge a portion of forecasted cash flows denominated in foreign currencies for non-U.S. operations' purchases of raw materials, which are priced in U.S. dollars, and imports of intercompany finished goods and work-in-process priced predominantly in U.S. dollars and euros. The derivative instruments used to manage these exposures are designated and qualify as cash flow hedges. The foreign currency exposure on certain non-functional currency denominated monetary assets and liabilities, primarily intercompany loans and accounts payable, is hedged with primarily undesignated derivative instruments. Interest rate risk is managed using a portfolio of variable- and fixed-rate debt composed of short- and long-term instruments. Interest rate swap contracts may be used to facilitate the maintenance of the desired ratio of variable- and fixed-rate debt and are designated and qualify as fair value hedges. From time to time, we also hedge the anticipated issuance of fixed-rate debt, using forward-starting swaps, and these contracts are designated as cash flow hedges. We use derivative instruments, such as forward swap contracts, to hedge a limited portion of our exposure to market risk arising from changes in prices of certain commodities. These derivatives are designated as cash flow hedges of specific quantities of the underlying commodity expected to be purchased in future months. Translation adjustments result from translating foreign entities' financial statements into U.S. dollars from their functional currencies. The risk to any particular entity's net assets is reduced to the extent that the entity is financed with local currency borrowing. Translation exposure, which results from changes in translation rates between functional currencies and the U.S. dollar, generally is not hedged. However, consistent with other years, a portion of our net investment in our Mexican affiliate has been hedged. At September 30, 2016 , we had in place net investment hedges of $59 for a portion of our investment in our Mexican affiliate. Set forth below is a summary of the designated and undesignated fair values of our derivative instruments: Assets Liabilities September 30, December 31, September 30, December 31, Foreign currency exchange contracts $ 30 $ 56 $ 21 $ 27 Interest rate contracts 4 — — — Commodity price contracts 2 — 5 15 Total $ 36 $ 56 $ 26 $ 42 The derivative assets are included in the Consolidated Balance Sheet in other current assets and other assets, as appropriate. The derivative liabilities are included in the Consolidated Balance Sheet in accrued expenses and other liabilities, as appropriate. Derivative instruments that are designated and qualify as fair value hedges are predominantly used to manage interest rate risk. The fair values of these derivative instruments are recorded as an asset or liability, as appropriate, with the offset recorded in current earnings. The offset to the change in fair values of the related hedged items also is recorded in current earnings. Any realized gain or loss on the derivatives that hedge interest rate risk is amortized to interest expense over the life of the related debt. As of September 30, 2016 , the aggregate notional values of outstanding interest rate contracts designated as fair value hedges were $375 . Fair value hedges resulted in no significant ineffectiveness in the nine months ended September 30, 2016 and 2015 . For the nine months ended September 30, 2016 and 2015, gains or losses recognized in interest expense for interest rate swaps were not significant. For the nine month periods ended September 30, 2016 and 2015 , no gain or loss was recognized in earnings as a result of a hedged firm commitment no longer qualifying as a fair value hedge. For derivative instruments that are designated and qualify as cash flow hedges, the effective portion of the gain or loss on the derivative instrument is initially recorded in AOCI, net of related income taxes, and recognized in earnings in the same period that the hedged exposure affects earnings. As of September 30, 2016 , outstanding commodity forward contracts were in place to hedge a limited portion of our estimated requirements of the related underlying commodities in the remainder of 2016 and future periods. As of September 30, 2016 , the aggregate notional value of outstanding foreign exchange derivative contracts designated as cash flow hedges was $770 , and there were no outstanding interest rate derivative contracts designated as cash flow hedges. Cash flow hedges resulted in no significant ineffectiveness for the nine months ended September 30, 2016 and 2015 . For the nine months ended September 30, 2016 and 2015 , no gains or losses were reclassified into earnings as a result of the discontinuance of cash flow hedges due to the original forecasted transaction no longer being probable of occurring. As of September 30, 2016 , amounts to be reclassified from AOCI during the next twelve months are not expected to be material. The maximum maturity of cash flow hedges in place at September 30, 2016 is August 2019 . Gains or losses on undesignated foreign exchange hedging instruments are immediately recognized in other (income) and expense, net. Gains of $5 and losses of $77 were recorded in the three months ended September 30, 2016 and 2015 , respectively. Gains of $19 and losses of $158 were recorded in the nine months ended September 30, 2016 and 2015 , respectively. The effect on earnings from the use of these non-designated derivatives is substantially neutralized by the transactional gains and losses recorded on the underlying assets and liabilities. As of September 30, 2016 , the notional amount of these undesignated derivative instruments was $2.2 billion .

Description Of Business Segment

Description Of Business Segments	9 Months Ended
	Sep. 30, 2016
Segment Reporting [Abstract]
Business Segment Information	Business Segment Information We are organized into operating segments based on product groupings. These operating segments have been aggregated into three reportable global business segments: Personal Care, Consumer Tissue and K-C Professional. The reportable segments were determined in accordance with how our executive managers develop and execute global strategies to drive growth and profitability. 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 and income and expense not associated with the business segments. The principal sources of revenue in each global business segment are described below: • Personal Care brands offer our consumers a trusted partner in caring for themselves and their families by delivering confidence, protection and discretion through a wide variety of innovative solutions and products such as disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, and other related products. Products in this segment are sold under the Huggies, Pull-Ups, Little Swimmers, GoodNites, DryNites, Kotex, U by Kotex, Intimus, Depend, Plenitud, Poise and other brand names. • Consumer Tissue offers a wide variety of innovative solutions and trusted brands that touch and improve people's lives every day. Products in this segment include facial and bathroom tissue, paper towels, napkins and related products, and are sold under the Kleenex, Scott, Cottonelle, Viva, Andrex, Scottex, Neve and other brand names. • K-C Professional partners with businesses to create Exceptional Workplaces, helping to make them healthier, safer and more productive through a range of solutions and supporting products such as wipers, tissue, towels, apparel, soaps and sanitizers. Our brands, including Kleenex, Scott, WypAll, Kimtech and Jackson Safety, are well-known for quality and trusted to help people around the world work better. The following schedules present information concerning consolidated operations by business segment: Three Months Ended September 30 Nine Months Ended September 30 2016 2015 Change 2016 2015 Change NET SALES Personal Care $ 2,312 $ 2,357 -1.9 % $ 6,798 $ 6,971 -2.5 % Consumer Tissue 1,472 1,528 -3.7 % 4,462 4,601 -3.0 % K-C Professional 802 826 -2.9 % 2,371 2,443 -2.9 % Corporate & Other 8 7 N.M. 27 37 N.M. TOTAL NET SALES $ 4,594 $ 4,718 -2.6 % $ 13,658 $ 14,052 -2.8 % OPERATING PROFIT Personal Care $ 458 $ 484 -5.4 % $ 1,362 $ 1,412 -3.5 % Consumer Tissue 267 260 +2.7 % 822 811 +1.4 % K-C Professional 157 154 +1.9 % 457 433 +5.5 % Corporate & Other (45 ) (84 ) N.M. (173 ) (244 ) N.M. Other (income) and expense, net (a) 1 35 N.M. (10 ) 1,429 N.M. TOTAL OPERATING PROFIT $ 836 $ 779 +7.3 % $ 2,478 $ 983 N.M. N.M. - Not Meaningful (a) Other (income) and expense, net includes charges related to pension settlements of $19 and $1,350 for the three and nine months ended September 30, 2015 , respectively. See Note 4 for additional information.

Supplemental Balance Sheet Data

Supplemental Balance Sheet Data	9 Months Ended
	Sep. 30, 2016
Statement of Financial Position [Abstract]
Additional Financial Information Disclosure	Supplemental Balance Sheet Data The following schedule presents a summary of inventories by major class: September 30, 2016 December 31, 2015 LIFO Non-LIFO Total LIFO Non-LIFO Total Raw materials $ 90 $ 249 $ 339 $ 100 $ 297 $ 397 Work in process 106 94 200 110 93 203 Finished goods 442 632 1,074 525 689 1,214 Supplies and other — 283 283 — 278 278 638 1,258 1,896 735 1,357 2,092 Excess of FIFO or weighted-average cost over (160 ) — (160 ) (183 ) — (183 ) Total $ 478 $ 1,258 $ 1,736 $ 552 $ 1,357 $ 1,909 Inventories are valued at the lower of cost and net realizable value, determined on the FIFO or weighted-average cost methods, and at the lower of cost or market, determined on the LIFO cost method. The following schedule presents a summary of property, plant and equipment, net: September 30, December 31, Land $ 168 $ 164 Buildings 2,647 2,537 Machinery and equipment 13,723 13,393 Construction in progress 389 453 16,927 16,547 Less accumulated depreciation (9,729 ) (9,443 ) Total $ 7,198 $ 7,104

Fair Value Information (Tables)

Fair Value Information (Tables)	9 Months Ended
	Sep. 30, 2016
Fair Value Disclosures [Abstract]
Fair value of financial instruments	The following table includes the fair value of our financial instruments for which disclosure of fair value is required: Fair Value Hierarchy Level Carrying Amount Estimated Fair Value Carrying Amount Estimated Fair Value September 30, 2016 December 31, 2015 Assets Cash and cash equivalents (a) 1 $ 884 $ 884 $ 619 $ 619 Time deposits and other (b) 1 190 190 124 124 Liabilities and redeemable securities of subsidiaries Short-term debt (c) 2 242 242 1,071 1,071 Long-term debt (d) 2 7,406 8,262 6,704 7,300 (a) Cash equivalents are composed of certificates of deposit, time deposits and other interest-bearing investments with original maturity dates of 90 days or less. Cash equivalents are recorded at cost, which approximates fair value. (b) Time deposits are composed of deposits with original maturities of more than 90 days but less than one year and instruments with original maturities of greater than one year, included in other current assets or other assets in the Consolidated Balance Sheet, as appropriate. Other, included in other current assets, is composed of funds held in escrow. Time deposits and other are recorded at cost, which approximates fair value. (c) Short-term debt is composed of U.S. commercial paper and/or other similar short-term debt issued by non-U.S. subsidiaries, all of which are recorded at cost, which approximates fair value. (d) Long-term debt includes the current portion of these debt instruments. Fair values were estimated based on quoted prices for financial instruments for which all significant inputs were observable, either directly or indirectly.

Employee Postretirement Benef16

Employee Postretirement Benefits (Tables)	9 Months Ended
	Sep. 30, 2016
Defined Benefit Pension Plans and Defined Benefit Postretirement Plans Disclosure [Abstract]
Components of net periodic benefit cost	The table below presents net periodic benefit cost information for defined benefit plans and other postretirement benefit plans: Pension Benefits Other Benefits Three Months Ended September 30 2016 2015 2016 2015 Service cost $ 8 $ 10 $ 3 $ 3 Interest cost 35 39 7 8 Expected return on plan assets (38 ) (43 ) — — Recognized net actuarial loss 13 13 — — Settlements — 19 — — Other (2 ) (2 ) — — Net periodic benefit cost $ 16 $ 36 $ 10 $ 11 Pension Benefits Other Benefits Nine Months Ended September 30 2016 2015 2016 2015 Service cost $ 32 $ 29 $ 9 $ 9 Interest cost 110 148 24 25 Expected return on plan assets (119 ) (173 ) — — Recognized net actuarial loss 39 61 (1 ) (1 ) Settlements — 1,348 — — Other (7 ) (9 ) — — Net periodic benefit cost $ 55 $ 1,404 $ 32 $ 33

Earnings Per Share (Tables)

Earnings Per Share (Tables)	9 Months Ended
	Sep. 30, 2016
Earnings Per Share [Abstract]
Average Common Shares Outstanding Basic and Diluted	A reconciliation of the average number of common shares outstanding used in the basic and diluted EPS computations follows: Three Months Ended Nine Months Ended (Millions of shares) 2016 2015 2016 2015 Basic 359.2 363.9 360.0 364.5 Dilutive effect of stock options and restricted share unit awards 2.3 2.3 2.4 2.4 Diluted 361.5 366.2 362.4 366.9

Stockholders' Equity (Deficit)

Stockholders' Equity (Deficit) (Tables)	9 Months Ended
	Sep. 30, 2016
Equity [Abstract]
Components Of Stockholders' Equity	Set forth below is a reconciliation for the nine months ended September 30, 2016 of the carrying amount of total stockholders' equity (deficit) from the beginning of the period to the end of the period. Stockholders' Equity (Deficit) Attributable to The Corporation Noncontrolling Interests Balance at December 31, 2015 $ (174 ) $ 214 Net Income 1,661 37 Other comprehensive income, net of tax Unrealized translation 161 15 Employee postretirement benefits 22 — Other (5 ) — Stock-based awards exercised or vested 97 — Recognition of stock-based compensation 64 — Income tax benefits on stock-based compensation 20 — Shares repurchased (553 ) — Dividends declared (993 ) (16 ) Other (1 ) 2 Balance at September 30, 2016 $ 299 $ 252
Schedule of Accumulated Other Comprehensive Income (Loss)	The changes in the components of AOCI attributable to Kimberly-Clark, net of tax, are as follows: Unrealized Translation Defined Benefit Pension Plans Other Postretirement Benefit Plans Cash Flow Hedges and Other Balance as of December 31, 2014 $ (1,335 ) $ (1,924 ) $ (37 ) $ (16 ) Other comprehensive income (loss) before reclassifications (825 ) (56 ) 10 44 (Income) loss reclassified from AOCI — 864 (a) (1 ) (a) (39 ) Net current period other comprehensive income (loss) (825 ) 808 9 5 Shares purchased from noncontrolling interest and other (12 ) — — 1 Balance as of September 30, 2015 $ (2,172 ) $ (1,116 ) $ (28 ) $ (10 ) Balance as of December 31, 2015 $ (2,252 ) $ (1,013 ) $ (3 ) $ (10 ) Other comprehensive income (loss) before reclassifications 161 10 (9 ) 8 (Income) loss reclassified from AOCI — 22 (a) (1 ) (a) (13 ) Net current period other comprehensive income (loss) 161 32 (10 ) (5 ) Balance as of September 30, 2016 $ (2,091 ) $ (981 ) $ (13 ) $ (15 ) (a) Included in computation of net periodic pension costs (see Note 4 ).
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net	The effect of the change in ownership interest is as follows: Nine Months Ended September 30, 2015 Net income attributable to Kimberly-Clark Corporation $ 680 Decrease in Kimberly-Clark Corporation's additional paid-in capital for acquisition (94 ) Change from net income attributable to Kimberly-Clark Corporation and transfers to noncontrolling interests $ 586

Objectives And Strategies For19

Objectives And Strategies For Using Derivatives (Tables)	9 Months Ended
	Sep. 30, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Summary of Total Designated and Undesignated Fair Value of Derivative Instruments	Set forth below is a summary of the designated and undesignated fair values of our derivative instruments: Assets Liabilities September 30, December 31, September 30, December 31, Foreign currency exchange contracts $ 30 $ 56 $ 21 $ 27 Interest rate contracts 4 — — — Commodity price contracts 2 — 5 15 Total $ 36 $ 56 $ 26 $ 42

Description Of Business Segme20

Description Of Business Segments (Tables)	9 Months Ended
	Sep. 30, 2016
Segment Reporting [Abstract]
Information Concerning Consolidated Operations by Business Segment	The following schedules present information concerning consolidated operations by business segment: Three Months Ended September 30 Nine Months Ended September 30 2016 2015 Change 2016 2015 Change NET SALES Personal Care $ 2,312 $ 2,357 -1.9 % $ 6,798 $ 6,971 -2.5 % Consumer Tissue 1,472 1,528 -3.7 % 4,462 4,601 -3.0 % K-C Professional 802 826 -2.9 % 2,371 2,443 -2.9 % Corporate & Other 8 7 N.M. 27 37 N.M. TOTAL NET SALES $ 4,594 $ 4,718 -2.6 % $ 13,658 $ 14,052 -2.8 % OPERATING PROFIT Personal Care $ 458 $ 484 -5.4 % $ 1,362 $ 1,412 -3.5 % Consumer Tissue 267 260 +2.7 % 822 811 +1.4 % K-C Professional 157 154 +1.9 % 457 433 +5.5 % Corporate & Other (45 ) (84 ) N.M. (173 ) (244 ) N.M. Other (income) and expense, net (a) 1 35 N.M. (10 ) 1,429 N.M. TOTAL OPERATING PROFIT $ 836 $ 779 +7.3 % $ 2,478 $ 983 N.M. N.M. - Not Meaningful (a) Other (income) and expense, net includes charges related to pension settlements of $19 and $1,350 for the three and nine months ended September 30, 2015 , respectively. See Note 4 for additional information.

Summary of Balance Sheet Data (

Summary of Balance Sheet Data (Tables)	9 Months Ended
	Sep. 30, 2016
Statement of Financial Position [Abstract]
Schedule of Inventory, Current	The following schedule presents a summary of inventories by major class: September 30, 2016 December 31, 2015 LIFO Non-LIFO Total LIFO Non-LIFO Total Raw materials $ 90 $ 249 $ 339 $ 100 $ 297 $ 397 Work in process 106 94 200 110 93 203 Finished goods 442 632 1,074 525 689 1,214 Supplies and other — 283 283 — 278 278 638 1,258 1,896 735 1,357 2,092 Excess of FIFO or weighted-average cost over (160 ) — (160 ) (183 ) — (183 ) Total $ 478 $ 1,258 $ 1,736 $ 552 $ 1,357 $ 1,909
Property, Plant and Equipment	The following schedule presents a summary of property, plant and equipment, net: September 30, December 31, Land $ 168 $ 164 Buildings 2,647 2,537 Machinery and equipment 13,723 13,393 Construction in progress 389 453 16,927 16,547 Less accumulated depreciation (9,729 ) (9,443 ) Total $ 7,198 $ 7,104

Accounting Policies Narrative (

Accounting Policies Narrative (Details) - USD ($) $ in Millions	9 Months Ended		12 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Dec. 31, 2015
Charge related to Venezuelan Operations	$ 11	$ (45)
K-C Venezuela
Deconsolidation, Gain (Loss), Amount	$ (11)
Charge related to Venezuelan Operations			$ (45)
After Tax | K-C Venezuela
Deconsolidation, Gain (Loss), Amount			$ 102

2014 Organization Restructuri23

2014 Organization Restructuring Narrative (Details) - 2014 Organization Restructuring - USD ($) $ in Millions	9 Months Ended		24 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016
Restructuring Cost and Reserve
Projected cash costs as a percentage of total charges	80.00%
Cash payments	$ 49	$ 65
After Tax
Restructuring Cost and Reserve
Restructuring Charges	12	20	$ 149
Before Tax
Restructuring Cost and Reserve
Restructuring Charges	15	$ 36	211
Minimum | After Tax
Restructuring Cost and Reserve
Expected restructuring charges	130		130
Minimum | Before Tax
Restructuring Cost and Reserve
Expected restructuring charges	190		190
Maximum | After Tax
Restructuring Cost and Reserve
Expected restructuring charges	160		160
Maximum | Before Tax
Restructuring Cost and Reserve
Expected restructuring charges	$ 230		$ 230

Fair Value Information (Narrati

Fair Value Information (Narrative) (Details) - USD ($) $ in Millions	Sep. 30, 2016	Dec. 31, 2015
Fair Value, Measurements, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Company-owned life insurance (“COLI”)	$ 60	$ 57
Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Derivatives Assets	36	56
Derivatives Liability	26	42
Estimated Fair Value, Fair Value Disclosure | Preferred securities | Fair Value, Inputs, Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Redeemable Preferred Securities Of Subsidiaries Fair Value Disclosure	$ 64	$ 64

Fair Value Information (Fair Va

Fair Value Information (Fair Value Of Financial Instruments) (Details) - USD ($) $ in Millions		Sep. 30, 2016	Dec. 31, 2015
Carrying (Reported) Amount, Fair Value Disclosure | Fair Value, Inputs, Level 1
Fair Value, Balance Sheet Grouping, Financial Statement Captions
Cash and cash equivalents(a)	[1]	$ 884	$ 619
Time Deposits and other	[2]	190	124
Carrying (Reported) Amount, Fair Value Disclosure | Fair Value, Inputs, Level 2
Fair Value, Balance Sheet Grouping, Financial Statement Captions
Short-term debt(c)	[3]	242	1,071
Long-term debt(d)	[4]	7,406	6,704
Estimated Fair Value, Fair Value Disclosure | Fair Value, Inputs, Level 1
Fair Value, Balance Sheet Grouping, Financial Statement Captions
Cash and cash equivalents(a)	[1]	884	619
Time Deposits and other	[2]	190	124
Estimated Fair Value, Fair Value Disclosure | Fair Value, Inputs, Level 2
Fair Value, Balance Sheet Grouping, Financial Statement Captions
Short-term debt(c)	[3]	242	1,071
Long-term debt(d)	[4]	$ 8,262	$ 7,300
[1]	Cash equivalents are composed of certificates of deposit, time deposits and other interest-bearing investments with original maturity dates of 90 days or less. Cash equivalents are recorded at cost, which approximates fair value.
[2]	Time deposits are composed of deposits with original maturities of more than 90 days but less than one year and instruments with original maturities of greater than one year, included in other current assets or other assets in the Consolidated Balance Sheet, as appropriate. Other, included in other current assets, is composed of funds held in escrow. Time deposits and other are recorded at cost, which approximates fair value.
[3]	Short-term debt is composed of U.S. commercial paper and/or other similar short-term debt issued by non-U.S. subsidiaries, all of which are recorded at cost, which approximates fair value.
[4]	Long-term debt includes the current portion of these debt instruments. Fair values were estimated based on quoted prices for financial instruments for which all significant inputs were observable, either directly or indirectly.

Employee Postretirement Benef26

Employee Postretirement Benefits (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended			6 Months Ended	9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Mar. 31, 2015	Jun. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Defined Benefit Plan Disclosure
Cash contribution to pension trusts					$ 35	$ 437
Defined Benefit Plans, Estimated Future Employer Contributions in Current Fiscal Year					100
Pension Plan
Defined Benefit Plan Disclosure
Pension settlement related charges	$ 0	$ (19)			0	(1,348)
UNITED STATES | Before Tax
Defined Benefit Plan Disclosure
Pension settlement related charges					$ (19)	$ (1,350)
UNITED STATES | Pension Plan
Defined Benefit Plan Disclosure
Cash contribution to pension trusts			$ 410
UNITED STATES | Pension Plan | After Tax
Defined Benefit Plan Disclosure
Pension settlement related charges				$ (1,000)
UNITED STATES | Pension Plan | Before Tax
Defined Benefit Plan Disclosure
Pension settlement related charges				(1,000)
UNITED STATES | Group Annuity Contracts that Transferred
Defined Benefit Plan Disclosure
Defined Benefit Plan, Benefit Obligation				$ 2,500

Employee Postretirement Benef27

Employee Postretirement Benefits (Benefit Cost Information For Defined Benefit Plans And Other Postretirement Benefit Plans) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Pension Plan
Defined Benefit Plans and Other Postretirement Benefit Plans
Service cost	$ 8	$ 10	$ 32	$ 29
Interest cost	35	39	110	148
Expected return on plan assets	(38)	(43)	(119)	(173)
Recognized net actuarial loss	13	13	39	61
Settlements	0	19	0	1,348
Other	(2)	(2)	(7)	(9)
Net periodic benefit cost	16	36	55	1,404
Other Postretirement Benefit Plans
Defined Benefit Plans and Other Postretirement Benefit Plans
Service cost	3	3	9	9
Interest cost	7	8	24	25
Expected return on plan assets	0	0	0	0
Recognized net actuarial loss	0	0	(1)	(1)
Settlements	0	0	0	0
Other	0	0	0	0
Net periodic benefit cost	$ 10	$ 11	$ 32	$ 33

Earnings Per Share (Narrative)

Earnings Per Share (Narrative) (Details) - shares shares in Millions	Sep. 30, 2016	Sep. 30, 2015
Earnings Per Share [Abstract]
Common shares outstanding	358.4	363.3

Earnings Per Share (Average Com

Earnings Per Share (Average Common Shares Outstanding Basic And Diluted) (Details) - shares shares in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Average Common Shares Outstanding Basic and Diluted
Basic	359.2	363.9	360	364.5
Diluted	361.5	366.2	362.4	366.9
Equity Option
Average Common Shares Outstanding Basic and Diluted
Dilutive effect of stock options and restricted share unit awards	2.3	2.3	2.4	2.4

Stockholders' Equity (Deficit30

Stockholders' Equity (Deficit) (Narrative) (Details) - USD ($) shares in Millions, $ in Millions	3 Months Ended	9 Months Ended
	Mar. 31, 2015	Sep. 30, 2016
Noncontrolling Interest
Repurchased shares		4
Repurchased shares, total cost		$ 525
Israel
Noncontrolling Interest
Noncontrolling interest acquired	49.90%
Payment to acquired noncontrolling interest	$ 151
Turkey
Noncontrolling Interest
Noncontrolling interest acquired	49.90%

Stockholders' Equity (Deficit31

Stockholders' Equity (Deficit) (Components Of Stockholders' Equity) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015	Dec. 31, 2015
Kimberly-Clark Corporation	$ 299		$ 299		$ (174)
Noncontrolling Interests	252		252		$ 214
Increase (Decrease) in Stockholders' Equity
Unrealized currency translation adjustments	39	$ (531)	175	$ (847)
Employee postretirement benefits	15	(43)	22	818
Other	2	$ 10	(5)	5
Parent
Kimberly-Clark Corporation	299		299
Increase (Decrease) in Stockholders' Equity
Net Income			1,661
Unrealized currency translation adjustments			161	$ (825)
Employee postretirement benefits			22
Other			(5)
Stock-based awards exercised or vested			97
Recognition of stock-based compensation			64
Income tax benefits on stock-based compensation			20
Shares repurchased			(553)
Dividends declared			(993)
Other			(1)
Noncontrolling Interests
Noncontrolling Interests	$ 252		252
Increase (Decrease) in Stockholders' Equity
Net Income			37
Unrealized currency translation adjustments			15
Employee postretirement benefits			0
Other			0
Stock-based awards exercised or vested			0
Recognition of stock-based compensation			0
Income tax benefits on stock-based compensation			0
Shares repurchased			0
Dividends declared			(16)
Other			$ 2

Stockholders' Equity (Deficit32

Stockholders' Equity (Deficit) (Components of Accumulated Other Comprehensive Income) (Details) - USD ($) $ in Millions		3 Months Ended		9 Months Ended
		Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Unrealized translation - Beginning balance				$ (2,252)	$ (1,335)
Other comprehensive income/(loss) before reclassifications				161	(825)
(Income)/loss reclassified from AOCI				0	0
Unrealized currency translation adjustments		$ 39	$ (531)	175	(847)
Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans, Adjustment, Net of Tax		15	(43)	22	818
Unrealized translation - Ending balance		(2,091)	(2,172)	(2,091)	(2,172)
Other		2	10	(5)	5
Shares purchased from noncontrolling interest and other					1
Pension Plan
Defined benefit and other postretirement benefit plans - Beginning balance				(1,013)	(1,924)
Other comprehensive income/(loss) before reclassifications				10	(56)
(Income)/loss reclassified from AOCI	[1]			22	864
Defined benefit and other postretirement benefit plans - Ending balance		(981)	(1,116)	(981)	(1,116)
Other Postretirement Benefit Plans, Defined Benefit
Defined benefit and other postretirement benefit plans - Beginning balance				(3)	(37)
Other comprehensive income/(loss) before reclassifications				(9)	10
(Income)/loss reclassified from AOCI				(1)	(1)
Defined benefit and other postretirement benefit plans - Ending balance		(13)	(28)	(13)	(28)
Parent
Unrealized currency translation adjustments				161	(825)
Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans, Adjustment, Net of Tax				22
Other				(5)
Shares purchased from noncontrolling interest and other					(12)
Parent | Pension Plan
Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans, Adjustment, Net of Tax				32	808
Shares purchased from noncontrolling interest and other					0
Parent | Other Postretirement Benefit Plans, Defined Benefit
Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans, Adjustment, Net of Tax				(10)	9
Shares purchased from noncontrolling interest and other					0
Accumulated Net Gain (Loss) from Cash Flow Hedges Attributable to Parent
Cash flow hedge and other - Beginning balance				(10)	(16)
Other comprehensive income/(loss) before reclassifications				8	44
Income/loss reclassified from AOCI				(13)	(39)
Cash flow hedge and other - Ending balance		$ (15)	$ (10)	(15)	(10)
Other				$ (5)	$ 5
[1]	(a)Included in computation of net periodic pension costs (see Note 4).

Stockholders' Equity (Deficit33

Stockholders' Equity (Deficit) Stockholders' Equity (Deficit) (Effect of Change in Ownership) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Noncontrolling Interest [Abstract]
Net income attributable to Kimberly-Clark Corporation	$ 550	$ 517	$ 1,661	$ 680
Decrease in Kimberly-Clark Corporation's additional paid-in capital for acquisition				(94)
Change from net income attributable to Kimberly-Clark Corporation and transfers to noncontrolling interests				$ 586

Objectives And Strategies For34

Objectives And Strategies For Using Derivatives (Narratives) (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Derivative Instruments, Gain (Loss)
Fair value hedge ineffectiveness assertion			Fair value hedges resulted in no significant ineffectiveness in the nine months ended September 30, 2016 and 2015
Gain (loss) recognized in earnings as a result of hedge not qualifying as a fair value hedge			$ 0	$ 0
Cash flow hedge ineffectiveness assertion			Cash flow hedges resulted in no significant ineffectiveness for the nine months ended September 30, 2016 and 2015
Gain (loss) reclassified into earnings as a result of discontinuance of cash flow hedges			$ 0	0
Not Designated as Hedging Instrument
Derivative Instruments, Gain (Loss)
Aggregate notional values of outstanding derivatives	$ 2,000,000,000		2,000,000,000
Gain (loss) on undesignated foreign exchange hedging instruments	5,000,000	$ (77,000,000)	19,000,000	$ (158,000,000)
Net Investment Hedging
Derivative Instruments, Gain (Loss)
Aggregate notional values of outstanding derivatives	59,000,000		59,000,000
Fair Value Hedging | Interest Rate Swap
Derivative Instruments, Gain (Loss)
Aggregate notional values of outstanding derivatives	375,000,000		$ 375,000,000
Cash Flow Hedging
Derivative Instruments, Gain (Loss)
Derivative, Maturity Date			Aug. 31, 2019
Cash Flow Hedging | Foreign currency exchange contracts
Derivative Instruments, Gain (Loss)
Aggregate notional values of outstanding derivatives	770,000,000		$ 770,000,000
Cash Flow Hedging | Interest Rate Swap
Derivative Instruments, Gain (Loss)
Aggregate notional values of outstanding derivatives	$ 0		$ 0

Objectives And Strategies For35

Objectives And Strategies For Using Derivatives Summary of total and undesignated fair values of derivative instruments (Details) - USD ($) $ in Millions	Sep. 30, 2016	Dec. 31, 2015
Derivative
Assets	$ 36	$ 56
Liabilities	26	42
Foreign currency exchange contracts
Derivative
Assets	30	56
Liabilities	21	27
Interest Rate Contract
Derivative
Assets	4	0
Liabilities	0	0
Commodity price contracts
Derivative
Assets	2	0
Liabilities	$ 5	$ 15

Description Of Business Segme36

Description Of Business Segments (Details) - USD ($) $ in Millions	3 Months Ended			9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015		Sep. 30, 2016	Sep. 30, 2015
Net Sales	$ 4,594	$ 4,718		$ 13,658	$ 14,052
Sales Revenue, Net, Percent Change	(2.60%)			(2.80%)
Operating Profit	$ 836	779		$ 2,478	983
Other (income) and expense, net	$ 1	35	[1]	(10)	1,429	[1]
Operating Income (Loss), Percent Change	7.30%
Personal Care
Net Sales	$ 2,312	2,357		$ 6,798	6,971
Sales Revenue, Net, Percent Change	(1.90%)			(2.50%)
Operating Profit	$ 458	484		$ 1,362	1,412
Operating Income (Loss), Percent Change	(5.40%)			(3.50%)
Consumer Tissue
Net Sales	$ 1,472	1,528		$ 4,462	4,601
Sales Revenue, Net, Percent Change	(3.70%)			(3.00%)
Operating Profit	$ 267	260		$ 822	811
Operating Income (Loss), Percent Change	2.70%			1.40%
K-C Professional
Net Sales	$ 802	826		$ 2,371	2,443
Sales Revenue, Net, Percent Change	(2.90%)			(2.90%)
Operating Profit	$ 157	154		$ 457	433
Operating Income (Loss), Percent Change	1.90%			5.50%
Corporate and Other
Net Sales	$ 8	7		$ 27	37
Operating Profit	$ (45)	$ (84)		(173)	(244)
UNITED STATES | Before Tax
Pension settlement related charges				$ 19	$ 1,350
[1]	Other (income) and expense, net includes charges related to pension settlements of $19 and $1,350 for the three and nine months ended September 30, 2015, respectively. See Note 4 for additional information.

Supplemental Balance Sheet Da37

Supplemental Balance Sheet Data - Inventory (Details) - USD ($) $ in Millions	Sep. 30, 2016	Dec. 31, 2015
Raw materials	$ 339	$ 397
Work in process	200	203
Finished goods	1,074	1,214
Supplies and other	283	278
Inventory, Gross	1,896	2,092
Excess of FIFO or weighted-average cost over LIFO cost	(160)	(183)
Total	1,736	1,909
LIFO
Raw materials	90	100
Work in process	106	110
Finished goods	442	525
Supplies and other	0	0
Inventory, Gross	638	735
Excess of FIFO or weighted-average cost over LIFO cost	(160)	(183)
Total	478	552
Non-LIFO
Raw materials	249	297
Work in process	94	93
Finished goods	632	689
Supplies and other	283	278
Inventory, Gross	1,258	1,357
Excess of FIFO or weighted-average cost over LIFO cost	0	0
Total	$ 1,258	$ 1,357

Supplemental Balance Sheet Da38

Supplemental Balance Sheet Data - Property Plant and Equipment (Details) - USD ($) $ in Millions	Sep. 30, 2016	Dec. 31, 2015
Property, Plant and Equipment
Land	$ 168	$ 164
Buildings	2,647	2,537
Machinery and equipment	13,723	13,393
Construction in progress	389	453
Property, Plant and Equipment, Gross	16,927	16,547
Less accumulated depreciation	(9,729)	(9,443)
Total	$ 7,198	$ 7,104