Supplemental Data

12 Months Ended

Dec. 31, 2024

Supplemental Income Statement Data


	Year Ended December 31
	2024		2023		2022
Advertising expense	$	1,184	$	1,075	$	901
Research expense	338		312		292

Equity Companies' Data


	Net Sales		Gross Profit		Operating Profit		Net Income		Corporation’s Share of Net Income
2024	$	3,180	$	1,063	$	727	$	451	$	216
2023	3,135		1,003		683		410		196
2022	2,690		707		438		240		116
	Current Assets		Non-Current Assets		Current Liabilities		Non-Current Liabilities		Stockholders’ Equity
2024	$	1,536	$	1,135	$	1,050	$	1,177	$	444
2023	1,974		1,362		1,175		1,687		474
2022	1,585		1,303		814		1,751		323

Equity companies are principally engaged in the manufacture and sale of products similar to those produced by the Company. As of December 31, 2024, our ownership interest in Kimberly-Clark de Mexico, S.A.B. de C.V. and subsidiaries ("KCM") was 47.9%. KCM is partially owned by the public, and its stock is publicly traded in Mexico. As of December 31, 2024, our investment in this equity company was $256, and the estimated fair value of the investment was $2.0 billion based on the market price of publicly traded shares. Our other equity ownership interests are not significant to our consolidated financial statements.

As of December 31, 2024, undistributed net income of equity companies included in consolidated retained earnings was $1.2 billion.

Supplemental Balance Sheet Data


	December 31
Summary of Accounts Receivable, Net	2024		2023
From customers	$	1,908	$	2,063
Other	154		150
Less allowance for doubtful accounts and sales discounts	(53)		(78)
Total	$	2,009	$	2,135


	December 31
	2024						2023
Summary of Inventories by Major Class	LIFO		Non-LIFO		Total		LIFO		Non-LIFO		Total
Raw materials	$	122	$	261	$	383	$	121	$	292	$	413
Work in process	116		74		190		116		95		211
Finished goods	510		631		1,141		520		692		1,212
Supplies and other	—		308		308		—		311		311
	748		1,274		2,022		757		1,390		2,147
Excess of FIFO or weighted-average cost over LIFO cost	(200)		—		(200)		(192)		—		(192)
Total	$	548	$	1,274	$	1,822	$	565	$	1,390	$	1,955

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 Other Current Assets	2024		2023
Prepaid expenses	$	303	$	252
Time deposits	186		157
Derivative assets	114		42
Other	125		69
Total	$	728	$	520


	December 31
Summary of Property, Plant and Equipment, Net	2024		2023
Land	$	157	$	149
Buildings	2,901		3,067
Machinery and equipment	15,020		15,132
Construction in progress	854		803
	18,932		19,151
Less accumulated depreciation	(11,419)		(11,238)
Total	$	7,513	$	7,913

Property, plant and equipment, net in the U.S. as of December 31, 2024 and 2023 was $4.4 billion. Depreciation expense was $773, $740 and $739 for the years ended December 31, 2024, 2023 and 2022, respectively.


	December 31
Summary of Accrued Expenses and Other Current Liabilities	2024		2023
Accrued advertising and promotion	$	540	$	524
Accrued salaries and wages	462		518
Accrued rebates	245		268
Accrued taxes - income and other	288		294
Operating leases	131		130
2024 Transformation Initiative liabilities	130		—
Accrued interest	99		88
Derivative liabilities	82		139
Other	342		355
Total	$	2,319	$	2,316

Supplemental Cash Flow Statement Data


Summary of Cash Flow Effects of Operating Working Capital	Year Ended December 31
	2024		2023		2022
Accounts receivable	$	48	$	127	$	(151)
Inventories	10		290		(76)
Trade accounts payable	179		(109)		109
Accrued expenses	106		125		92
Accrued income taxes	(110)		122		20
Derivatives	79		(15)		9
Currency and other	(134)		42		(20)
Total	$	178	$	582	$	(17)


	Year Ended December 31
Other Cash Flow Data	2024		2023		2022
Interest paid	$	268	$	277	$	270
Income taxes paid	587		648		468

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, 2024 and 2023, and was recorded within Trade accounts payable.

The rollforward of the Company's outstanding obligations confirmed as valid under its supplier finance program for the year ended December 31, 2024, are as follows:


	2024
Confirmed obligations outstanding at the beginning of the year	$	960
Invoices confirmed during the year	3,033
Confirmed invoices paid during the year	(2,989)
Confirmed obligations outstanding at the end of the year	$	1,004