XML 22 R9.htm IDEA: XBRL DOCUMENT v3.8.0.1
Stockholders' Equity
 9 Months Ended
Sep. 30, 2017
Equity [Abstract]  
Stockholders' Equity
Stockholders' Equity
Set forth below is a reconciliation for the nine months ended September 30, 2017 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, 2016
 
$
(102
)
 
$
219

Net Income
 
1,661

 
29

Other comprehensive income, net of tax
 
379

 
12

Stock-based awards exercised or vested
 
113

 
—

Recognition of stock-based compensation
 
64

 
—

Shares repurchased
 
(827
)
 
—

Dividends declared
 
(1,030
)
 
(22
)
Other
 
1

 
1

Balance at September 30, 2017
 
$
259

 
$
239


During the nine months ended September 30, 2017, we repurchased 6.3 million shares at a total cost of $800 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 adjustments are 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 amounts 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, 2017 was primarily due to the strengthening of most foreign currencies versus the U.S. dollar, including the euro, Australian dollar, British pound sterling, and South Korean won.
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, 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
)
 
 
 
 
 
 
 
 
 
Balance as of December 31, 2016
 
$
(2,351
)
 
$
(1,097
)
 
$
(31
)
 
$
5

Other comprehensive income (loss) before reclassifications
 
439

 
(34
)
 
(3
)
 
(55
)
(Income) loss reclassified from AOCI
 
—

 
27

(a)
(1
)
(a)
6

Net current period other comprehensive income (loss)
 
439

 
(7
)
 
(4
)
 
(49
)
Balance as of September 30, 2017
 
$
(1,912
)
 
$
(1,104
)
 
$
(35
)
 
$
(44
)

(a)
Included in computation of net periodic benefit costs.