Analysis of Debt
Total Debt (Carrying Amount)
Kimberly-Clark Corp., balance sheet: debt
US$ in millions
Based on: 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31).
- Debt payable within one year
- The short-term debt exhibited fluctuations over the observed period. In 2016, it started at $1,133 million, then decreased to $953 million in 2017. There was a notable increase in 2018 to $1,208 million, followed by a further rise to $1,534 million in 2019. In 2020, the debt payable within one year sharply declined to $486 million, indicating a significant reduction in short-term liabilities by the end of that year.
- Long-term debt, excluding payable within one year
- The long-term debt remained relatively stable from 2016 through 2019, fluctuating slightly between $6,213 million and $6,472 million. However, in 2020, there was a marked increase to $7,878 million, which represents the highest level within the period. This rise suggests an increased reliance or issuance of long-term debt during 2020.
- Total debt (carrying amount)
- Total debt showed a moderate upward trend across the five years. Starting at $7,572 million in 2016, it slightly decreased to $7,425 million in 2017, then gradually increased each subsequent year to reach $8,364 million in 2020. This overall increase was primarily driven by the rise in long-term debt in 2020, despite the reduction in short-term debt payable within one year during that period.
Total Debt (Fair Value)
| Dec 31, 2020 | |
|---|---|
| Selected Financial Data (US$ in millions) | |
| Short-term debt | 223) |
| Long-term debt, including current portion | 9,627) |
| Total debt (fair value) | 9,850) |
| Financial Ratio | |
| Debt, fair value to carrying amount ratio | 1.18 |
Based on: 10-K (reporting date: 2020-12-31).
Weighted-average Interest Rate on Debt
Weighted-average interest rate on debt: 3.27%
| Interest rate | Debt amount1 | Interest rate × Debt amount | Weighted-average interest rate2 |
|---|---|---|---|
| 3.30% | 7,897) | 261) | |
| 0.60% | 169) | 1) | |
| 6.30% | 75) | 5) | |
| Total | 8,141) | 266) | |
| 3.27% | |||
Based on: 10-K (reporting date: 2020-12-31).
1 US$ in millions
2 Weighted-average interest rate = 100 × 266 ÷ 8,141 = 3.27%