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Stockholders' Equity
12 Months Ended
Dec. 31, 2023
Equity [Abstract]  
Stockholders' Equity Stockholders' Equity
The changes in the components of Accumulated Other Comprehensive Income ("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, 2021$(2,422)$(803)$(34)$20 
Other comprehensive income (loss) before reclassifications
(347)(51)86 (139)
(Income) loss reclassified from AOCI— 65 (a)— (a)(44)
Net current period other comprehensive income (loss)(347)14 86 (183)
Balance as of December 31, 2022(2,769)(789)52 (163)
Other comprehensive income (loss) before reclassifications
84 (57)(9)(153)
(Income) loss reclassified from AOCI7 55 (a)(4)(a)164 
Net current period other comprehensive income (loss)91 (2)(13)11 
Balance as of December 31, 2023$(2,678)$(791)$39 $(152)
(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, 2023 is $750 and $2 of unrecognized net actuarial loss and unrecognized net prior service cost, respectively.
The changes in the components of AOCI attributable to Kimberly-Clark, including the tax effect, are as follows:
Year Ended December 31
202320222021
Unrealized translation$84 $(324)$(248)
Tax effect7 (23)(17)
91 (347)(265)
Defined benefit pension plans
Unrecognized net actuarial loss and transition amount
Funded status recognition(49)(109)16 
Amortization
39 34 37 
Settlements and curtailments35 52 91 
Currency and other(23)36 10 
2 13 154 
Unrecognized prior service cost/credit
Funded status recognition3 (2)
Amortization
 — (4)
Curtailments — (3)
Currency and other — — 
3 (9)
Tax effect(7)(1)(36)
(2)14 109 
Other postretirement benefit plans
Unrecognized net actuarial loss and transition amount and other
(18)113 12 
Tax effect5 (27)(6)
(13)86 
Cash flow hedges and other
Recognition of effective portion of hedges
(178)(165)70 
Amortization
208 (58)39 
Currency and other(14)(22)(4)
Tax effect(5)62 (22)
11 (183)83 
Change in AOCI
$87 $(430)$(67)
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 2023 is primarily due to the strengthening of various foreign currencies versus the U.S. dollar. 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.