Kimberly-Clark Corp., balance sheet: property, plant and equipment

US$ in millions

	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016
Land	174)	165)	169)	173)	163)
Buildings	2,932)	2,877)	2,787)	2,830)	2,612)
Machinery and equipment	14,382)	13,946)	14,059)	14,612)	13,591)
Construction in progress	845)	851)	699)	300)	488)
Property, plant and equipment, gross	18,333)	17,839)	17,714)	17,915)	16,854)
Accumulated depreciation	(10,291)	(10,389)	(10,555)	(10,479)	(9,685)
Property, plant and equipment, net	8,042)	7,450)	7,159)	7,436)	7,169)

Download chart

Item	Description	The company
Property, plant and equipment, gross	Amount before accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures.	Kimberly-Clark Corp. property, plant and equipment, gross increased from 2018 to 2019 and from 2019 to 2020.
Property, plant and equipment, net	Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures.	Kimberly-Clark Corp. property, plant and equipment, net increased from 2018 to 2019 and from 2019 to 2020.

Kimberly-Clark Corp., asset age ratios

		Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016
	Average age ratio	56.67%	58.78%	60.16%	59.06%	58.03%

Asset age ratio	Description	The company
Average age ratio	As long as straight-line depreciation is used, this is an accurate estimate of asset age as a percentage of depreciable life. The relative age is a useful measure of whether the company fixed asset base is old or new. Newer assets are likely to be more efficient.	Kimberly-Clark Corp. average age ratio of depreciable property, plant and equipment improved from 2018 to 2019 and from 2019 to 2020.

	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016
Selected Financial Data (US$ in millions)
Accumulated depreciation	10,291)	10,389)	10,555)	10,479)	9,685)
Property, plant and equipment, gross	18,333)	17,839)	17,714)	17,915)	16,854)
Land	174)	165)	169)	173)	163)
Asset Age Ratio
Average age¹	56.67%	58.78%	60.16%	59.06%	58.03%

2020 Calculations

¹ Average age = 100 × Accumulated depreciation ÷ (Property, plant and equipment, gross – Land)
= 100 × 10,291 ÷ (18,333 – 174) = 56.67%

Download chart

Asset age ratio	Description	The company
Average age	As long as straight-line depreciation is used, this is an accurate estimate of asset age as a percentage of depreciable life. The relative age is a useful measure of whether the company fixed asset base is old or new. Newer assets are likely to be more efficient.	Kimberly-Clark Corp. average age ratio of depreciable property, plant and equipment improved from 2018 to 2019 and from 2019 to 2020.

Kimberly-Clark Corp. (NYSE:KMB)

Analysis of Property, Plant and Equipment