Kimberly-Clark Files 2024 10-K

TL;DR

KMB filed its 2024 10-K. Full financials and biz details out.

AI Summary

Kimberly-Clark Corporation filed its 2024 10-K on February 13, 2025, reporting on its fiscal year ending December 31, 2024. The company, headquartered in Irving, Texas, operates in the paper and paperboard products sector. Key financial data and business operations for the period are detailed within the filing.

Why It Matters

This filing provides investors and analysts with a comprehensive overview of Kimberly-Clark's financial performance, strategic initiatives, and risk factors for the fiscal year 2024, crucial for understanding the company's current standing and future outlook.

Risk Assessment

Risk Level: low — This is a standard annual report filing for a large, established public company.

Key Numbers

• 2024 — Fiscal Year End (The period covered by the 10-K filing.)
• 2025-02-13 — Filing Date (The date Kimberly-Clark submitted its annual report.)

Key Players & Entities

• Kimberly-Clark Corp (company) — Filer of the 10-K
• Irving, TX (location) — Company headquarters
• 2024-12-31 (date) — Fiscal year end
• 2025-02-13 (date) — Filing date
• Walmart Inc. (company) — Mentioned in relation to customer concentration risk

FAQ

Key Financial Figures

• $1.25 — hange on which registered Common Stock-$1.25 par value KMB New York Stock Exchange
• $60 — our facilities to average approximately $60 on an annual basis. Total operating exp
• $115 — costs, are expected to be approximately $115 in 2025 and $140 in 2026. Total enviro
• $140 — ed to be approximately $115 in 2025 and $140 in 2026. Total environmental capital e

Filing Documents

• kmb-20241231.htm (10-K) — 2452KB
• kmbex19insidertradingpolicy.htm (EX-19) — 48KB
• kmb10k2024exhibit21.htm (EX-21) — 37KB
• kmb10k2024exhibit23.htm (EX-23) — 4KB
• kmb10k2024exhibit24.htm (EX-24) — 42KB
• kmb10kq4exhibit31a2024.htm (EX-31.A) — 10KB
• kmb10kq4exhibit31b2024.htm (EX-31.B) — 10KB
• kmb10kq4exhibit32a2024.htm (EX-32.A) — 5KB
• kmb10kq4exhibit32b2024.htm (EX-32.B) — 5KB
• kmb-20241231_g1.jpg (GRAPHIC) — 68KB
• 0000055785-25-000013.txt ( ) — 14931KB
• kmb-20241231.xsd (EX-101.SCH) — 85KB
• kmb-20241231_cal.xml (EX-101.CAL) — 101KB
• kmb-20241231_def.xml (EX-101.DEF) — 546KB
• kmb-20241231_lab.xml (EX-101.LAB) — 1127KB
• kmb-20241231_pre.xml (EX-101.PRE) — 851KB
• kmb-20241231_htm.xml (XML) — 2642KB

Risk Factors

Item 1A. Risk Factors 5

Unresolved Staff Comments

Item 1B. Unresolved Staff Comments 12

Cybersecurity

Item 1C. Cybersecurity 12

Properties

Item 2. Properties 14

Legal Proceedings

Item 3. Legal Proceedings 14

Mine Safety Disclosures

Item 4. Mine Safety Disclosures 14 Information About Our Executive Officers 15 Part II

Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities

Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 17

[Reserved]

Item 6. [Reserved] 17

Management's Discussion and Analysis of Financial Condition and Results of Operations

Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations 17

Quantitative and Qualitative Disclosures About Market Risk

Item 7A. Quantitative and Qualitative Disclosures About Market Risk 34

Financial Statements and Supplementary Data

Item 8. Financial Statements and Supplementary Data 36

Changes in and Disagreements with Accountants on Accounting and Financial Disclosure

Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 75

Controls and Procedures

Item 9A. Controls and Procedures 75

Other Information

Item 9B. Other Information 76

Disclosure Regarding Foreign Jurisdictions That Prevent Inspections

Item 9C. Disclosure Regarding Foreign Jurisdictions That Prevent Inspections 76 Part III

Directors, Executive Officers and Corporate Governance

Item 10. Directors, Executive Officers and Corporate Governance 77

Executive Compensation

Item 11. Executive Compensation 77

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 77

Certain Relationships and Related Transactions, and Director Independence

Item 13. Certain Relationships and Related Transactions, and Director Independence 77

Principal Accountant Fees and Services

Item 14. Principal Accountant Fees and Services 77 Part IV

Exhibits, Financial Statement Schedules

Item 15. Exhibits, Financial Statement Schedules 78

Form 10-K Summary

Item 16. Form 10-K Summary 81 Signature s 82 KIMBERLY-CLARK CORPORATION - 2024 Annual Report PART I

BUSINESS

ITEM 1. BUSINESS Description of Kimberly-Clark Kimberly-Clark Corporation was founded in 1872 and incorporated in Delaware in 1928. We are a global company focused on delivering products and solutions that provide better care for a better world through product innovation and building o ur brands. We are principally engaged in the manufacturing and marketing of a wide range of products made from natural or synthetic fibers and materials using advanced technologies in fibers, nonwovens and absorbency. Fueled by ingenuity, creativity, and an understanding of people's most essential needs, we create products that help individuals experience more of what's important to them. Our portfolio of brands, including Huggies, Kleenex, Scott, Kotex, Cottonelle, Poise, Depend, Andrex, Pull-Ups, GoodNites, Intimus, Plenitud, Sweety, Softex, Viva and WypAll, encompass five global daily-need product categories: Baby & Child Care, Adult Care, Feminine Care, Family Care, and Professional. We strive to use sustainable practices that support a healthy planet, build strong communities, and ensure our business will thrive for decades to come. Unless the context indicates otherwise, the terms "Corporation," "Kimberly-Clark," "K-C," "we," "our" and "us" refer to Kimberly-Clark Corporation and its consolidated subsidiaries. Amounts within this Annual Report on Form 10-K are reported in millions, except per share amounts, unless otherwise noted. Business Strategy and Segment Reporting During fiscal 2024, we announced our 2024 Transformation Initiative in order to create a more agile and focused operating structure that will accelerate our proprietary pipeline of innovation in right-to-win spaces and improve our growth trajectory, profitability, and returns on investment. This new operating structure leverages three synergistic forces: Accelerating pioneering innovation to capture significant growth available in our product categories by investing in science and technology to satisfy unme

RISK FACTORS

ITEM 1A. RISK FACTORS Our business faces many risks and uncertainties that we cannot control. Any of the risks discussed below, as well as factors described in other places in this Form 10-K, or in our other filings with the SEC, could adversely affect our business, consolidated financial position, results of operations or cash flows. In addition, these items could cause our future results to differ from those in any of our forward-looking statements. These risks are not the only ones we face. Other risks that we do not presently know about or that we presently believe are not material could also adversely affect us. Business Operations Significant increases in prices for raw materials, energy, transportation or other necessary supplies or services, without corresponding increases in our selling prices, could adversely affect our financial results. Increases in the cost and availability of raw materials, including pulp and petroleum-based materials, the cost of energy, transportation and other necessary services, supplier constraints, supplier consolidation which could limit our sources of supply for these items, an inability to maintain favorable supplier arrangements and relations or an inability to avoid disruptions in production output could have an adverse effect on our financial results. Cellulose fiber, in the form of kraft pulp or recycled fiber from recovered waste paper, is used extensively in our tissue products and is subject to significant price fluctuations. Cellulose fiber, in the form of fluff pulp, is a key component in our disposable diapers, training and youth pants, feminine and incontinence care products, and other related products. In past years, pulp prices have experienced significant volatility. Increases in pulp prices or limits in the availability of recycled fiber could adversely affect our earnings if selling prices for our finished products are not adjusted or if these adjustments significantly trail the increases in pulp prices. W

View Full Filing

View this 10-K filing on SEC EDGAR