XML 31 R16.htm IDEA: XBRL DOCUMENT v3.22.0.1
Stockholders' Equity
12 Months Ended
Dec. 31, 2021
Equity [Abstract]  
Stockholders' Equity Stockholders' Equity
The changes in the components of AOCI attributable to Kimberly-Clark, net of tax, are as follows:
Unrealized TranslationDefined Benefit Pension PlansOther Postretirement Benefit PlansCash Flow Hedges and Other
Balance as of December 31, 2019$(2,271)$(979)$(13)$(31)
Other comprehensive income (loss) before reclassifications
114 (26)(31)
(Income) loss reclassified from AOCI— 63 (a)(1)(a)(1)
Net current period other comprehensive income (loss)114 67 (27)(32)
Balance as of December 31, 2020(2,157)(912)(40)(63)
Other comprehensive income (loss) before reclassifications
(265)37 9 53 
(Income) loss reclassified from AOCI 72 (a)(3)(a)30 
Net current period other comprehensive income (loss)(265)109 6 83 
Balance as of December 31, 2021$(2,422)$(803)$(34)$20 
(a)    Included in computation of net periodic pension and other postretirement benefits costs (see Note 8).
Included in the above defined benefit pension plans and other postretirement benefit plans balances as of December 31, 2021 is $835 and $2 of unrecognized net actuarial loss and unrecognized net prior service credit, respectively.
The changes in the components of AOCI attributable to Kimberly-Clark, including the tax effect, are as follows:
Year Ended December 31
202120202019
Unrealized translation$(248)$98 $21 
Tax effect(17)16 
(265)114 26 
Defined benefit pension plans
Unrecognized net actuarial loss and transition amount
Funded status recognition16 24 (17)
Amortization
37 41 44 
Settlements and curtailments91 49 46 
Currency and other10 (26)(13)
154 88 60 
Unrecognized prior service cost/credit
Funded status recognition(2)(1)
Amortization
(4)(4)(5)
Curtailments(3)— (1)
Currency and other (2)
(9)(1)(9)
Tax effect(36)(20)(13)
109 67 38 
Other postretirement benefit plans
Unrecognized net actuarial loss and transition amount and other
12 (35)(35)
Tax effect(6)10 
6 (27)(25)
Cash flow hedges and other
Recognition of effective portion of hedges
70 (32)(23)
Amortization
39 (2)(16)
Currency and other(4)(5)(1)
Tax effect(22)
83 (32)(34)
Change in AOCI
$(67)$122 $
Amounts are reclassified from AOCI into Cost of products sold, Nonoperating expense, Interest expense, or Other (income) and expense, net, as applicable, in the consolidated income statement.
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 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 adjustment would be removed from AOCI and reported as part of the gain or loss on the sale or liquidation. The change in unrealized translation in 2021 is primarily due to the weakening of various foreign currencies versus the U.S. dollar, particularly the Korean won, the euro, the Australian dollar, and Brazilian real. 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.