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Description Of Business Segments

9 Months Ended

Sep. 30, 2019

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 chief operating decision maker and 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 ongoing operations of the business segments, including the costs of corporate decisions related to the 2018 Global Restructuring Program described in Note 2.

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 responsibly improve everyday living for families around the world. 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 KleenGuard are well known for quality and trusted to help people around the world work better.

Information concerning consolidated operations by business segment is presented in the following tables:

		Three Months Ended September 30											Nine Months Ended September 30
		2019				2018				Change			2019				2018				Change
NET SALES
Personal Care		$	2,305			$	2,252			+2	%		$	6,866			$	6,816			+1	%
Consumer Tissue		1,484				1,469				+1	%		4,482				4,520				-1	%
K-C Professional		839				848				-1	%		2,477				2,541				-3	%
Corporate & Other		12				13				N.M.			42				40				N.M.
TOTAL NET SALES		$	4,640			$	4,582			+1	%		$	13,867			$	13,917			—
OPERATING PROFIT
Personal Care		$	490			$	466			+5	%		$	1,459			$	1,397			+4	%
Consumer Tissue		264				212				+25	%		726				668				+9	%
K-C Professional		176				160				+10	%		488				483				+1	%
Corporate & Other(a)		(190		)		(171		)		N.M.			(599		)		(952		)		N.M.
Other (income) and expense, net(a)		(175		)		(2		)		N.M.			(166		)		6				N.M.
TOTAL OPERATING PROFIT		$	915			$	669			+37	%		$	2,240			$	1,590			+41	%

(a) Corporate & Other and Other (income) and expense, net include income and expense not associated with the business segments, including charges related to the 2018 Global Restructuring Program. Restructuring charges related to the personal care, consumer tissue and K-C Professional business segments were $53, $49 and $21, respectively, for the three months ended September 30, 2019, $75, $35 and $11, respectively, for the three months ended September 30, 2018, $208, $131 and $52, respectively, for the nine months ended September 30, 2019 and $476, $194 and $112, respectively, for the nine months ended September 30, 2018.

N.M. - Not Meaningful

Sales of Principal Products

		Three Months Ended September 30								Nine Months Ended September 30
(Billions of dollars)		2019				2018				2019				2018
Consumer tissue products		$	1.5			$	1.5			$	4.5			$	4.5
Baby and child care products		1.6				1.6				4.7				4.7
Away-from-home professional products		0.8				0.8				2.5				2.5
All other		0.7				0.7				2.2				2.2
Consolidated		$	4.6			$	4.6			$	13.9			$	13.9

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- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-URI http://asc.fasb.org/topic&trid=2134510

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