XML 30 R18.htm IDEA: XBRL DOCUMENT v3.24.3
Description Of Business Segments
9 Months Ended
Sep. 30, 2024
Segment Reporting [Abstract]  
Business Segment Information Business Segment Information
We are organized into operating segments based on product groupings. These operating segments have been aggregated into three reportable global business segments: Personal Care, Consumer Tissue and K-C Professional. The reportable segments were determined in accordance with how our Chief Executive Officer, who is our chief operating decision maker, and our executive managers develop and execute global strategies to drive growth and profitability. These strategies include global plans for branding and product positioning, technology, research and development programs, cost reductions including supply chain management, and capacity and capital investments for each of these businesses. Segment management is evaluated on several factors, including operating profit. Segment operating profit excludes unallocated general corporate expenses, Other (income) and expense, net and income and expense not associated with ongoing operations of the segments, including the costs of corporate decisions related to the 2024 Transformation Initiative described in Note 2.
The principal sources of revenue in each global business segment are described below:
Personal Care brands offer our consumers a trusted partner in caring for themselves and their families by delivering confidence, protection and discretion through a wide variety of innovative solutions and products such as disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, reusable underwear and other related products. Products in this segment are sold under the Huggies, Pull-Ups, Little Swimmers, GoodNites, DryNites, Sweety, Kotex, U by Kotex, Intimus, Thinx, Poise, Depend, Plenitud, Softex and other brand names.
Consumer Tissue offers a wide variety of innovative solutions and trusted brands that responsibly improve everyday living for families around the world. Products in this segment include facial and bathroom tissue, paper towels, napkins and related products, and are sold under the Kleenex, Scott, Cottonelle, Andrex, Viva, Scottex and other brand names.
K-C Professional partners with businesses to create Exceptional Workplaces, helping to make them healthier, safer and more productive through a range of solutions and supporting products such as wipers, tissue, towels, soaps and sanitizers. Our brands, including Kleenex, Scott and WypAll are well known for quality and trusted to help people around the world work better.
Information concerning consolidated operations by business segment is presented in the following tables:
Three Months Ended September 30Nine Months Ended September 30
20242023Change20242023Change
NET SALES
Personal Care$2,635 $2,700 -2 %$8,040 $8,089 -1 %
Consumer Tissue1,539 1,567 -2 %4,624 4,750 -3 %
K-C Professional767 854 -10 %2,431 2,588 -6 %
Corporate & Other11 11 N.M.35 34 N.M.
TOTAL NET SALES$4,952 $5,132 -4 %$15,130 $15,461 -2 %
OPERATING PROFIT
Personal Care$482 $502 -4 %$1,567 $1,461 +7 %
Consumer Tissue265 267 -1 %800 707 +13 %
K-C Professional161 168 -4 %535 514 +4 %
Corporate & Other(a)
(318)(128)N.M.(696)(1,013)N.M.
Other (income) and expense, net(a)
(564)35 N.M.(456)(5)N.M.
TOTAL OPERATING PROFIT$1,154 $774 +49 %$2,662 $1,674 +59 %
(a)    Corporate & Other and Other (income) and expense, net include income and expense not associated with the ongoing operations of the segments, including in 2024 the charges related to the 2024 Transformation Initiative, the impairment of intangible assets and the gain on sale of our PPE business. The 2024 Transformation Initiative charges related to the Personal Care, Consumer Tissue and K-C Professional business segments were $59, $37 and $21, respectively for the three months ended September 30, 2024 and $131, $65 and $46, respectively for the nine months ended September 30, 2024. In 2023, it includes the net benefit related to the sale of our Brazil tissue and K-C Professional business and the impairment of intangible assets.
N.M. - Not Meaningful
Sales of Principal Products:
Three Months Ended September 30Nine Months Ended September 30
2024202320242023
Baby and child care products$1,723 $1,780 $5,308 $5,323 
Consumer tissue products1,539 1,567 4,624 4,750 
Away-from-home professional products767 854 2,431 2,588 
All other923 931 2,767 2,800 
Consolidated$4,952 $5,132 $15,130 $15,461