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2018 Global Restructuring Program | 12 Months Ended
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Dec. 31, 2023
2018 Global Restructuring Program |
Restructuring Cost and Reserve |
Restructuring and Related Activities Disclosure | 2018 Global Restructuring Program In 2018, we initiated our 2018 Global Restructuring Program to reduce our structural cost base by streamlining and simplifying our manufacturing supply chain and overhead organization. The restructuring actions were completed in 2021. We closed or sold 11 manufacturing facilities and expanded production capacity at several others. We exited or divested some lower-margin businesses that generated approximately 1 percent of our net sales. Workforce reductions were approximately 6,000. The restructuring impacted all of our business segments and our organizations in all major geographies. The restructuring actions were completed with total costs of $2.2 billion pre-tax ($1.6 billion after tax). Pre-tax cash and non-cash costs of $1.2 billion and $1.0 billion, respectively, were incurred. The following net charges were incurred in connection with the 2018 Global Restructuring Program:
| Year Ended December 31
| 2021 |  | 2020 |  | 2019 |  | 2018 |  | Total
Cost of products sold: |  |  |  |  |  |  |  |  |
Charges for workforce reductions | $ | 4 |  |  | $ | 10 |  |  | $ | 31 |  |  | $ | 149 |  |  | $ | 194 |
Asset impairments | 3 |  |  | 17 |  |  | — |  |  | 74 |  |  | 94 |
Asset write-offs | 17 |  |  | 63 |  |  | 54 |  |  | 112 |  |  | 246 |
Incremental depreciation | 18 |  |  | 94 |  |  | 235 |  |  | 172 |  |  | 519 |
Other exit costs | 112 |  |  | 99 |  |  | 96 |  |  | 34 |  |  | 341 |
Total | 154 |  |  | 283 |  |  | 416 |  |  | 541 |  |  | 1,394 |
Marketing, research and general expenses: |  |  |  |  |  |  |  |  |
Charges for workforce reductions | 39 |  |  | 13 |  |  | (12) |  |  | 243 |  |  | 283 |
Other exit costs | 72 |  |  | 96 |  |  | 111 |  |  | 137 |  |  | 416 |
Total | 111 |  |  | 109 |  |  | 99 |  |  | 380 |  |  | 699 |
Other (income) and expense, net(a) | 10 |  |  | (9) |  |  | (194) |  |  | (12) |  |  | (205) |
Nonoperating expense(b) | 79 |  |  | 36 |  |  | 45 |  |  | 127 |  |  | 287 |
Total charges | 354 |  |  | 419 |  |  | 366 |  |  | 1,036 |  |  | 2,175 |
Provision for income taxes | (75) |  |  | (94) |  |  | (118) |  |  | (243) |  |  | (530) |
Net charges | 279 |  |  | 325 |  |  | 248 |  |  | 793 |  |  | 1,645 |
Net impact related to equity companies and noncontrolling interests | 2 |  |  | (2) |  |  | — |  |  | (10) |  |  | (10) |
Net charges attributable to Kimberly-Clark Corporation | $ | 281 |  |  | $ | 323 |  |  | $ | 248 |  |  | $ | 783 |  |  | $ | 1,635 |
(a)Other (income) and expense, net in 2019 was the result of pre-tax gains on the sales of manufacturing facilities and associated real estate which were disposed of as part of the restructuring. (b)Represents non-cash pension settlement and curtailment charges resulting from restructuring actions, primarily in the U.S., United Kingdom and Canada. The measurement of the asset impairment charges was based on the excess of the carrying values of the impacted asset groups over their fair values. These fair values were measured by using discounted cash flows expected over the limited time the assets would remain in use or the expected sales value, and as a result, the assets were essentially written off or written down to fair value less costs to sell. The use of discounted cash flows represents a level 3 measure under the fair value hierarchy. The impact related to restructuring charges was recorded in Operating working capital and Other Operating Activities, as appropriate, in our consolidated cash flow statement. Cash payments of $235, $249, $302 and $325 were made during 2021, 2020, 2019 and 2018, respectively.

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