XML 22 R10.htm IDEA: XBRL DOCUMENT v3.21.2

2018 Global Restructuring Program

9 Months Ended

Sep. 30, 2021

2018 Global Restructuring Program

Restructuring Cost and Reserve

Restructuring and Related Activities Disclosure

2018 Global Restructuring Program

In January 2018, we announced the 2018 Global Restructuring Program to reduce our structural cost base by streamlining and simplifying our manufacturing supply chain and overhead organization. We expect to close or sell 11 manufacturing facilities and expand production capacity at several others. We expect to exit or divest some lower-margin businesses that generate approximately 1 percent of our net sales. The restructuring is expected to impact our organizations in all major geographies. Workforce reductions are expected to be in the range of 6,300 to 6,400.

The restructuring is expected to be completed in 2021, with total costs now anticipated to be in the range of $2.1 billion to $2.2 billion pre-tax ($1.6 billion to $1.7 billion after tax). Cash costs are expected to be $1.15 billion to $1.2 billion, primarily related to workforce reductions.  Non-cash charges are expected to be $950 to $1.0 billion pre-tax and will primarily consist of incremental depreciation, asset write-offs and pension settlement and curtailment charges. Restructuring charges in 2021 are now expected to be $280 to $380 pre-tax ($225 to $300 after tax).

The following net charges were incurred in connection with the 2018 Global Restructuring Program:

			Three Months Ended September 30												Nine Months Ended September 30
			2021						2020						2021						2020
Cost of products sold:
Charges (adjustments) for workforce reductions			$	5					$	15					$	3					$	16
Asset impairments			—						—						3						—
Asset write-offs			14						50						15						59
Incremental depreciation			2						18						10						86
Other exit costs			27						24						67						76
Total			48						107						98						237
Marketing, research and general expenses:
Charges (adjustments) for workforce reductions			16						1						30						(1)
Other exit costs			23						24						48						76
Total			39						25						78						75
Other (income) and expense, net			1						(1)						9						(1)
Nonoperating expense			9						26						65						26
Total charges			97						157						250						337
Provision for income taxes			(16)						(50)						(48)						(83)
Net charges			81						107						202						254
Net impact related to equity companies and noncontrolling interests			(2)						—						(3)						(1)
Net charges attributable to Kimberly-Clark Corporation			$	79					$	107					$	199					$	253

The following summarizes the restructuring liabilities activity:

						2021						2020
Restructuring liabilities at January 1						$	94					$	132
Charges for workforce reductions and other cash exit costs						145						162
Cash payments						(171)						(177)
Currency and other						(3)						(3)
Restructuring liabilities at September 30						$	65					$	114

Restructuring liabilities of $48 and $80 are recorded in Accrued expenses and other current liabilities and $17 and $34 are recorded in Other Liabilities as of September 30, 2021 and 2020, respectively. The impact related to restructuring charges is recorded in Operating working capital and Other Operating Activities, as appropriate, in our consolidated cash flow statements.

Through September 30, 2021, cumulative pre-tax charges for the 2018 Global Restructuring Program were $2.1 billion ($1.6 billion after tax)

X

- Definition

The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 420
-URI http://asc.fasb.org/topic&trid=2175745

+ Details

Name:	us-gaap_RestructuringAndRelatedActivitiesDisclosureTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

No definition available.

+ Details

Name:	us-gaap_RestructuringCostAndReserveLineItems
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Details

Name:	us-gaap_RestructuringPlanAxis=kmb_A2018GlobalRestructuringProgramMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type: