Supplemental Data

12 Months Ended

Dec. 31, 2020

Supplemental Income Statement Data


	Year Ended December 31
	2020		2019		2018
Advertising expense	$	956	$	757	$	655
Research expense	276		284		317

Equity Companies' Data


	Net Sales		Gross Profit		Operating Profit		Net Income		Corporation's Share of Net Income
2020	$	2,358	$	786	$	507	$	299	$	142
2019	2,379		727		454		255		123
2018	2,264		635		388		215		103
	Current Assets		Noncurrent Assets		Current Liabilities		Noncurrent Liabilities		Stockholders' Equity
2020	$	1,585	$	1,203	$	842	$	1,563	$	382
2019	1,020		1,275		749		1,196		350
2018	921		1,247		578		1,237		353

Equity companies are principally engaged in operations in the personal care and consumer tissue businesses. At December 31, 2020, our ownership interest in KCM and subsidiaries was 47.9 percent. KCM is partially owned by the public, and its stock is publicly traded in Mexico. At December 31, 2020, our investment in this equity company was $190, and the estimated fair value of the investment was $2.5 billion based on the market price of publicly traded shares. Our other equity ownership interests are not significant to our consolidated balance sheet or financial results.

At December 31, 2020, undistributed net income of equity companies included in consolidated retained earnings was $1.1 billion.

Supplemental Balance Sheet Data


	December 31
Summary of Accounts Receivable, Net	2020		2019
From customers	$	2,132	$	2,131
Other	153		181
Less allowance for doubtful accounts and sales discounts	(50)		(49)
Total	$	2,235	$	2,263


	December 31
	2020						2019
Summary of Inventories by Major Class	LIFO		Non- LIFO		Total		LIFO		Non- LIFO		Total
Raw materials	$	131	$	263	$	394	$	85	$	236	$	321
Work in process	103		86		189		113		93		206
Finished goods	453		749		1,202		451		696		1,147
Supplies and other	—		263		263		—		271		271
	687		1,361		2,048		649		1,296		1,945
Excess of FIFO or weighted-average cost over LIFO cost	(145)		—		(145)		(155)		—		(155)
Total	$	542	$	1,361	$	1,903	$	494	$	1,296	$	1,790

Inventories are valued at the lower of cost or 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.


	December 31
Summary of Property, Plant and Equipment, Net	2020		2019
Land	$	174	$	165
Buildings	2,932		2,877
Machinery and equipment	14,382		13,946
Construction in progress	845		851
	18,333		17,839
Less accumulated depreciation	(10,291)		(10,389)
Total	$	8,042	$	7,450

Property, plant and equipment, net in the U.S. as of December 31, 2020 and 2019 was $3,981 and $3,787, respectively.


	December 31
Summary of Accrued Expenses and Other Current Liabilities	2020		2019
Accrued advertising and promotion	$	443	$	415
Accrued salaries and wages	531		463
Accrued rebates	255		241
Accrued taxes - income and other	332		231
Operating leases	133		130
Accrued restructuring	73		93
Accrued interest	87		81
Other	408		324
Total	$	2,262	$	1,978

Supplemental Cash Flow Statement Data


Summary of Cash Flow Effects of Operating Working Capital	Year Ended December 31
	2020		2019		2018
Accounts receivable	$	95	$	(116)	$	33
Inventories	(96)		24		(127)
Trade accounts payable	239		(153)		392
Accrued expenses	132		11		115
Accrued income taxes	42		(6)		64
Derivatives	(9)		1		30
Currency and other	(40)		(49)		(118)
Total	$	363	$	(288)	$	389


	Year Ended December 31
Other Cash Flow Data	2020		2019		2018
Interest paid	$	245	$	255	$	264
Income taxes paid	533		528		395