Supplemental Data

12 Months Ended

Dec. 31, 2023

Supplemental Income Statement Data


	Year Ended December 31
	2023		2022		2021
Advertising expense	$	1,075	$	901	$	893
Research expense	312		292		269

Equity Companies' Data


	Net Sales		Gross Profit		Operating Profit		Net Income		Corporation's Share of Net Income
2023	$	3,135	$	1,003	$	683	$	410	$	196
2022	2,690		707		438		240		116
2021	2,501		696		398		205		98
	Current Assets		Noncurrent Assets		Current Liabilities		Noncurrent Liabilities		Stockholders' Equity
2023	$	1,974	$	1,362	$	1,175	$	1,687	$	474
2022	1,585		1,303		814		1,751		323
2021	1,283		1,219		809		1,334		360

Equity companies are principally engaged in operations in the personal care and consumer tissue businesses. At December 31, 2023, 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, 2023, our investment in this equity company was $244, and the estimated fair value of the investment was $3.0 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, 2023, 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	2023		2022
From customers	$	2,063	$	2,155
Other	150		189
Less allowance for doubtful accounts and sales discounts	(78)		(64)
Total	$	2,135	$	2,280


	December 31
	2023						2022
Summary of Inventories by Major Class	LIFO		Non- LIFO		Total		LIFO		Non- LIFO		Total
Raw materials	$	121	$	292	$	413	$	147	$	425	$	572
Work in process	116		95		211		139		107		246
Finished goods	520		692		1,212		518		870		1,388
Supplies and other	—		311		311		—		302		302
	757		1,390		2,147		804		1,704		2,508
Excess of FIFO or weighted-average cost over LIFO cost	(192)		—		(192)		(239)		—		(239)
Total	$	565	$	1,390	$	1,955	$	565	$	1,704	$	2,269

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	2023		2022
Land	$	149	$	156
Buildings	3,067		3,062
Machinery and equipment	15,132		14,655
Construction in progress	803		676
	19,151		18,549
Less accumulated depreciation	(11,238)		(10,664)
Total	$	7,913	$	7,885

Property, plant and equipment, net in the U.S. as of December 31, 2023 and 2022 was $4,356 and $4,273, respectively.


	December 31
Summary of Accrued Expenses and Other Current Liabilities	2023		2022
Accrued advertising and promotion	$	524	$	455
Accrued salaries and wages	518		421
Accrued rebates	268		285
Accrued taxes - income and other	294		318
Operating leases	130		127

Accrued interest	88		82
Derivative liabilities	139		200
Other	355		401
Total	$	2,316	$	2,289

Supplemental Cash Flow Statement Data


Summary of Cash Flow Effects of Operating Working Capital	Year Ended December 31
	2023		2022		2021
Accounts receivable	$	127	$	(151)	$	(37)
Inventories	290		(76)		(417)
Trade accounts payable	(109)		109		627
Accrued expenses	125		92		(124)
Accrued income taxes	122		20		(4)
Derivatives	(15)		9		30
Currency and other	42		(20)		(29)
Total	$	582	$	(17)	$	46


	Year Ended December 31
Other Cash Flow Data	2023		2022		2021
Interest paid	$	277	$	270	$	243
Income taxes paid	648		468		492

Supplier Finance Program

We have a supplier finance program managed through two global financial institutions under which we agree to pay the financial institutions the stated amount of confirmed invoices from our participating suppliers on the invoice due date. We, or the global financial institutions, may terminate our agreements at any time upon 30 days written notice. The global financial institutions may terminate our agreements at any time upon three days written notice in the event there are insufficient funds available for disbursement. We do not provide any forms of guarantees under these agreements. Supplier participation in the program is solely up to the supplier, and the participating suppliers negotiate their arrangements directly with the global financial institutions. We have no economic interest in a supplier’s decision to participate in the program, and their participation has no bearing on our payment terms or amounts due. The payment terms that we have with our suppliers under this program generally range from 75 to 180 days and are considered commercially reasonable. The outstanding amount related to the suppliers participating in this program was $1.0 billion as of December 31, 2023 and 2022, and was recorded within Trade accounts payable.