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Stockholders' Equity
6 Months Ended
Jun. 30, 2024
Equity [Abstract]  
Stockholders' Equity Stockholders' Equity
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 Accumulated Other Comprehensive Income ("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 would be removed from AOCI and reported as part of the gain or loss on the sale or liquidation.
Also included in unrealized translation amounts are the effects of foreign currency exchange rate changes on intercompany balances of a long-term investment nature and transactions designated as hedges of net foreign investments.
The change in net unrealized currency translation for the six months ended June 30, 2024 was primarily due to the weakening of certain foreign currencies versus the U.S. dollar.
The changes in the components of 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, 2022$(2,769)$(789)$52 $(163)
Other comprehensive income (loss) before reclassifications46 (18)(1)(103)
(Income) loss reclassified from AOCI— 35 (a)— (a)71 
Net current period other comprehensive income (loss)46 17 (1)(32)
Balance as of June 30, 2023$(2,723)$(772)$51 $(195)
Balance as of December 31, 2023$(2,678)$(791)$39 $(152)
Other comprehensive income (loss) before reclassifications(232)7 (1)92 
(Income) loss reclassified from AOCI45 (b)15 (a)(1)(a)25 
Net current period other comprehensive income (loss)(187)22 (2)117 
Balance as of June 30, 2024$(2,865)$(769)$37 $(35)
(a)    Included in computation of net periodic benefit costs.
(b)    Included in other (income) and expense, net as part of the charges related to the 2024 Transformation Initiative at June 30, 2024 (see Note 2).