Revenue Recognition Accounting Policy
Sales revenue is recognized at the time of product shipment or delivery, depending on when title passes, to unaffiliated customers, and when all of the following have occurred: a firm sales agreement is in place, pricing is fixed or determinable, and collection is reasonably assured. Sales are reported net of returns, consumer and trade promotions, rebates and freight allowed. Taxes imposed by governmental authorities on Kimberly-Clark's revenue-producing activities with customers, such as sales taxes and value-added taxes, are excluded from net sales.
Source: Kimberly-Clark Corp., Annual Report
Revenues as Reported
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Kimberly-Clark Corp., Income Statement, Revenues
Source: Kimberly-Clark Corp. Annual Reports
| Item |
Description |
The company |
| Net sales |
Aggregate revenue recognized during the period (derived from goods sold, services rendered, insurance premiums, or other activities that constitute an entity's earning process). For financial services companies, also includes investment and interest income, and sales and trading gains. |
Kimberly-Clark Corp.'s net sales increased from 2009 to 2010 and from 2010 to 2011.
|
