Exhibit No. (12)

KIMBERLY-CLARK CORPORATION AND SUBSIDIARIES

Computation of Ratio of Earnings to Fixed Charges

(Dollar amounts in millions)

		Year Ended December 31
		2012		2011			2010		2009		2008
Consolidated Companies
Income from continuing operations before income taxes	$	2,420	$	2,183		$	2,550	$	2,576	$	2,289
Interest expense		284		277			243		275		304
Interest factor in rent expense		94		93			94		90		102
Amortization of capitalized interest		11		13			14		14		13
Equity Affiliates
Share of 50%-owned:
Income before income taxes		3		(1	)		-		-		1
Interest expense		-		-			-		-		-
Interest factor in rent expense		-		-			-		-		-
Amortization of capitalized interest		-		-			-		-		-
Distributed income of less than 50%-owned		148		137			132		114		131
Earnings	$	2,960	$	2,702		$	3,033	$	3,069	$	2,840
Consolidated Companies
Interest expense	$	284	$	277		$	243	$	275	$	304
Capitalized interest		9		8			12		13		14
Interest factor in rent expense		94		93			94		90		102
Equity Affiliates
Share of 50%-owned:
Interest and capitalized interest		-		-			-		-		-
Interest factor in rent expense		-		-			-		-		-
Fixed Charges	$	387	$	378		$	349	$	378	$	420
Ratio of earnings to fixed charges		7.65		7.15			8.69		8.12		6.76