Supplemental Data

12 Months Ended

Dec. 31, 2022

Supplemental Income Statement Data


	Year Ended December 31
	2022		2021		2020
Advertising expense	$	901	$	893	$	956
Research expense	292		269		276

Equity Companies' Data


	Net Sales		Gross Profit		Operating Profit		Net Income		Corporation's Share of Net Income
2022	$	2,690	$	707	$	438	$	240	$	116
2021	2,501		696		398		205		98
2020	2,358		786		507		299		142
	Current Assets		Noncurrent Assets		Current Liabilities		Noncurrent Liabilities		Stockholders' Equity
2022	$	1,585	$	1,303	$	814	$	1,751	$	323
2021	1,283		1,219		809		1,334		360
2020	1,585		1,203		842		1,563		382

Equity companies are principally engaged in operations in the personal care and consumer tissue businesses. At December 31, 2022, our ownership interest in Kimberly-Clark de Mexico, S.A.B. de C.V. and subsidiaries ("KCM") was 47.9 percent. KCM is partially owned by the public, and its stock is publicly traded in Mexico. At December 31, 2022, our investment in this equity company was $179, and the estimated fair value of the investment was $2.7 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, 2022, 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	2022		2021
From customers	$	2,155	$	2,092
Other	189		170
Less allowance for doubtful accounts and sales discounts	(64)		(55)
Total	$	2,280	$	2,207


	December 31
	2022						2021
Summary of Inventories by Major Class	LIFO		Non- LIFO		Total		LIFO		Non- LIFO		Total
Raw materials	$	147	$	425	$	572	$	141	$	352	$	493
Work in process	139		107		246		153		89		242
Finished goods	518		870		1,388		607		835		1,442
Supplies and other	—		302		302		—		280		280
	804		1,704		2,508		901		1,556		2,457
Excess of FIFO or weighted-average cost over LIFO cost	(239)		—		(239)		(218)		—		(218)
Total	$	565	$	1,704	$	2,269	$	683	$	1,556	$	2,239

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	2022		2021
Land	$	156	$	169
Buildings	3,062		2,993
Machinery and equipment	14,655		14,606
Construction in progress	676		760
	18,549		18,528
Less accumulated depreciation	(10,664)		(10,431)
Total	$	7,885	$	8,097

Property, plant and equipment, net in the U.S. as of December 31, 2022 and 2021 was $4,273 and $4,165, respectively.


	December 31
Summary of Accrued Expenses and Other Current Liabilities	2022		2021
Accrued advertising and promotion	$	455	$	434
Accrued salaries and wages	421		403
Accrued rebates	285		249
Accrued taxes - income and other	318		323
Operating leases	127		130
Accrued restructuring	—		75
Accrued interest	82		85
Derivative liabilities	200		23
Other	401		374
Total	$	2,289	$	2,096

Supplemental Cash Flow Statement Data


Summary of Cash Flow Effects of Operating Working Capital	Year Ended December 31
	2022		2021		2020
Accounts receivable	$	(151)	$	(37)	$	95
Inventories	(76)		(417)		(96)
Trade accounts payable	109		627		239
Accrued expenses	92		(124)		132
Accrued income taxes	20		(4)		42
Derivatives	9		30		(9)
Currency and other	(20)		(29)		(40)
Total	$	(17)	$	46	$	363


	Year Ended December 31
Other Cash Flow Data	2022		2021		2020
Interest paid	$	270	$	243	$	245
Income taxes paid	468		492		533