Supplemental Data

12 Months Ended

Dec. 31, 2021

Supplemental Income Statement Data


	Year Ended December 31
	2021		2020		2019
Advertising expense	$	893	$	956	$	757
Research expense	269		276		284

Equity Companies' Data


	Net Sales		Gross Profit		Operating Profit		Net Income		Corporation's Share of Net Income
2021	$	2,501	$	696	$	398	$	205	$	98
2020	2,358		786		507		299		142
2019	2,379		727		454		255		123
	Current Assets		Noncurrent Assets		Current Liabilities		Noncurrent Liabilities		Stockholders' Equity
2021	$	1,283	$	1,219	$	809	$	1,334	$	360
2020	1,585		1,203		842		1,563		382
2019	1,020		1,275		749		1,196		350

Equity companies are principally engaged in operations in the personal care and consumer tissue businesses. At December 31, 2021, 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, 2021, our investment in this equity company was $196, 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, 2021, 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	2021		2020
From customers	$	2,092	$	2,132
Other	170		153
Less allowance for doubtful accounts and sales discounts	(55)		(50)
Total	$	2,207	$	2,235


	December 31
	2021						2020
Summary of Inventories by Major Class	LIFO		Non- LIFO		Total		LIFO		Non- LIFO		Total
Raw materials	$	141	$	352	$	493	$	131	$	263	$	394
Work in process	153		89		242		103		86		189
Finished goods	607		835		1,442		453		749		1,202
Supplies and other	—		280		280		—		263		263
	901		1,556		2,457		687		1,361		2,048
Excess of FIFO or weighted-average cost over LIFO cost	(218)		—		(218)		(145)		—		(145)
Total	$	683	$	1,556	$	2,239	$	542	$	1,361	$	1,903

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	2021		2020
Land	$	169	$	174
Buildings	2,993		2,932
Machinery and equipment	14,606		14,382
Construction in progress	760		845
	18,528		18,333
Less accumulated depreciation	(10,431)		(10,291)
Total	$	8,097	$	8,042

Property, plant and equipment, net in the U.S. as of December 31, 2021 and 2020 was $4,165 and $3,981, respectively.


	December 31
Summary of Accrued Expenses and Other Current Liabilities	2021		2020
Accrued advertising and promotion	$	434	$	443
Accrued salaries and wages	403		531
Accrued rebates	249		255
Accrued taxes - income and other	323		332
Operating leases	130		133
Accrued restructuring	75		73
Accrued interest	85		87
Other	397		408
Total	$	2,096	$	2,262

Supplemental Cash Flow Statement Data


Summary of Cash Flow Effects of Operating Working Capital	Year Ended December 31
	2021		2020		2019
Accounts receivable	$	(37)	$	95	$	(116)
Inventories	(417)		(96)		24
Trade accounts payable	627		239		(153)
Accrued expenses	(124)		132		11
Accrued income taxes	(4)		42		(6)
Derivatives	30		(9)		1
Currency and other	(29)		(40)		(49)
Total	$	46	$	363	$	(288)


	Year Ended December 31
Other Cash Flow Data	2021		2020		2019
Interest paid	$	243	$	245	$	255
Income taxes paid	492		533		528