Adjustments to Current Assets
Adjustments to Total Assets
Adjustments to Current Liabilities
Adjustments to Total Liabilities
Adjustments to Stockholders’ Equity
Adjustments to Capitalization Table
Adjustments to Reported Income

Kimberly-Clark Corp., adjusted current assets

US$ in millions

	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016
As Reported
Current assets	5,174)	5,057)	5,041)	5,211)	5,115)
Adjustments
Add: Allowance for doubtful accounts	34)	32)	36)	38)	50)
Add: Excess of FIFO or weighted-average cost over LIFO cost¹	145)	155)	191)	176)	163)
After Adjustment
Adjusted current assets	5,353)	5,244)	5,268)	5,425)	5,328)

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).

¹ Excess of FIFO or weighted-average cost over LIFO cost. See details »

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Kimberly-Clark Corp., adjusted total assets

US$ in millions

	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016
As Reported
Total assets	17,523)	15,283)	14,518)	15,151)	14,602)
Adjustments
Add: Operating lease right-of-use asset (before adoption of FASB Topic 842)¹	—)	—)	491)	548)	534)
Add: Allowance for doubtful accounts	34)	32)	36)	38)	50)
Add: Excess of FIFO or weighted-average cost over LIFO cost²	145)	155)	191)	176)	163)
Less: Deferred tax assets³	262)	242)	220)	215)	234)
After Adjustment
Adjusted total assets	17,440)	15,228)	15,016)	15,698)	15,115)

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).

¹ Operating lease right-of-use asset (before adoption of FASB Topic 842). See details »

² Excess of FIFO or weighted-average cost over LIFO cost. See details »

³ Deferred tax assets. See details »

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Kimberly-Clark Corp., adjusted current liabilities

US$ in millions

	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016
As Reported
Current liabilities	6,443)	6,919)	6,536)	5,858)	5,846)
Adjustments
Less: Current restructuring liabilities	73)	93)	118)	—)	—)
After Adjustment
Adjusted current liabilities	6,370)	6,826)	6,418)	5,858)	5,846)

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).

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Kimberly-Clark Corp., adjusted total liabilities

US$ in millions

	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016
As Reported
Total liabilities	16,626)	15,060)	14,500)	14,208)	14,427)
Adjustments
Add: Operating lease liability (before adoption of FASB Topic 842)¹	—)	—)	491)	548)	534)
Less: Deferred tax liabilities²	723)	511)	458)	395)	532)
Less: Restructuring liabilities	93)	132)	210)	—)	—)
After Adjustment
Adjusted total liabilities	15,810)	14,417)	14,323)	14,361)	14,429)

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).

¹ Operating lease liability (before adoption of FASB Topic 842). See details »

² Deferred tax liabilities. See details »

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Kimberly-Clark Corp., adjusted total Kimberly-Clark Corporation stockholders’ equity

US$ in millions

	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016
As Reported
Total Kimberly-Clark Corporation stockholders’ equity	626)	(33)	(287)	629)	(102)
Adjustments
Less: Net deferred tax assets (liabilities)¹	(461)	(269)	(238)	(180)	(298)
Add: Allowance for doubtful accounts	34)	32)	36)	38)	50)
Add: Excess of FIFO or weighted-average cost over LIFO cost²	145)	155)	191)	176)	163)
Add: Restructuring liabilities	93)	132)	210)	—)	—)
Add: Redeemable preferred securities of subsidiaries	28)	29)	64)	61)	58)
Add: Noncontrolling interests	243)	227)	241)	253)	219)
After Adjustment
Adjusted total stockholders’ equity	1,630)	811)	693)	1,337)	686)

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).

¹ Net deferred tax assets (liabilities). See details »

² Excess of FIFO or weighted-average cost over LIFO cost. See details »

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Kimberly-Clark Corp., adjusted capitalization table

US$ in millions

	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016
As Reported
Debt payable within one year	486)	1,534)	1,208)	953)	1,133)
Long-term debt, excluding payable within one year	7,878)	6,213)	6,247)	6,472)	6,439)
Total reported debt	8,364)	7,747)	7,455)	7,425)	7,572)
Total Kimberly-Clark Corporation stockholders’ equity	626)	(33)	(287)	629)	(102)
Total reported capital	8,990)	7,714)	7,168)	8,054)	7,470)
Adjustments to Debt
Add: Operating lease liability (before adoption of FASB Topic 842)¹	—)	—)	491)	548)	534)
Add: Current operating lease liabilities²	133)	130)	—)	—)	—)
Add: Noncurrent operating lease liabilities (classified in Other liabilities)³	423)	274)	—)	—)	—)
Adjusted total debt	8,920)	8,151)	7,946)	7,973)	8,106)
Adjustments to Equity
Less: Net deferred tax assets (liabilities)⁴	(461)	(269)	(238)	(180)	(298)
Add: Allowance for doubtful accounts	34)	32)	36)	38)	50)
Add: Excess of FIFO or weighted-average cost over LIFO cost⁵	145)	155)	191)	176)	163)
Add: Restructuring liabilities	93)	132)	210)	—)	—)
Add: Redeemable preferred securities of subsidiaries	28)	29)	64)	61)	58)
Add: Noncontrolling interests	243)	227)	241)	253)	219)
Adjusted total stockholders’ equity	1,630)	811)	693)	1,337)	686)
After Adjustment
Adjusted total capital	10,550)	8,962)	8,639)	9,310)	8,792)

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).

¹ Operating lease liability (before adoption of FASB Topic 842). See details »

² Current operating lease liabilities. See details »

³ Noncurrent operating lease liabilities (classified in Other liabilities). See details »

⁴ Net deferred tax assets (liabilities). See details »

⁵ Excess of FIFO or weighted-average cost over LIFO cost. See details »

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Kimberly-Clark Corp., adjusted net income attributable to Kimberly-Clark Corporation

US$ in millions

12 months ended:	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016
As Reported
Net income attributable to Kimberly-Clark Corporation	2,352)	2,157)	1,410)	2,278)	2,166)
Adjustments
Add: Deferred income tax expense (benefit)¹	45)	29)	2)	(69)	(15)
Add: Increase (decrease) in allowance for doubtful accounts	2)	(4)	(2)	(12)	—)
Add: Increase (decrease) in LIFO reserve²	(10)	(36)	15)	13)	(20)
Add: Increase (decrease) in restructuring liabilities	(39)	(78)	210)	—)	—)
Add: Other comprehensive income (loss), net of tax	132)	(3)	(237)	590)	(205)
Add: Comprehensive income (loss), net of tax, attributable to noncontrolling interest	55)	31)	22)	76)	44)
After Adjustment
Adjusted net income	2,537)	2,096)	1,420)	2,876)	1,970)

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).

¹ Deferred income tax expense (benefit). See details »

² Increase (decrease) in LIFO reserve. See details »

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Kimberly-Clark Corp. (NYSE:KMB)

Adjustments to Financial Statements

Adjustments to Current Assets

Adjustments to Total Assets

Adjustments to Current Liabilities

Adjustments to Total Liabilities

Adjustments to Stockholders’ Equity

Adjustments to Capitalization Table

Adjustments to Reported Income