Stockholders' Equity

3 Months Ended

Mar. 31, 2014

Equity [Abstract]

Stockholders' Equity

Stockholders' Equity

Set forth below is a reconciliation for the three months ended March 31, 2014 of the carrying amount of total stockholders' equity from the beginning of the period to the end of the period.

	Stockholders' Equity Attributable to
	The Corporation			Noncontrolling Interests
Balance at December 31, 2013	$	4,856		$	284
Net Income	538			—
Other comprehensive income, net of tax
Unrealized translation	(2		)	(4		)
Employee postretirement benefits	14			—
Other	(4		)	—
Stock-based awards exercised or vested	38			—
Recognition of stock-based compensation	9			—
Income tax benefits on stock-based compensation	12			—
Shares repurchased	(473		)	—
Dividends declared	(318		)	(24		)
Other	(2		)	1
Balance at March 31, 2014	$	4,668		$	257

During the three months ended March 31, 2014, we repurchased 4.3 million shares at a total cost of $464.

Net unrealized currency gains or losses resulting from the translation of assets and liabilities of foreign subsidiaries, except those in highly inflationary economies, are recorded in accumulated other comprehensive income ("AOCI"). For these operations, changes in exchange rates generally do not affect cash flows; therefore, unrealized translation is recorded in AOCI rather than net income. Upon sale or substantially complete liquidation of any of these subsidiaries, the applicable unrealized translation would be removed from AOCI and reported as part of the gain or loss on the sale or liquidation.

Also included in unrealized translation are the effects of foreign exchange rate changes on intercompany balances of a long-term investment nature and transactions designated as hedges of net foreign investments.

The change in net unrealized currency translation for the three months ended March 31, 2014 was primarily due to the strengthening of the Australian dollar and Brazilian real against the U.S. dollar, offset by the weakening of the Russian ruble, Canadian dollar and Argentine peso.

The changes in the components of AOCI attributable to Kimberly-Clark, net of tax, are as follows:

	Unrealized Translation			Defined Benefit Pension Plans				Other Postretirement Benefit Plans			Cash Flow Hedges and Other
Balance as of December 31, 2012	$	(26	)	$	(1,928	)		$	(53	)	$	(52	)
Other comprehensive income (loss) before reclassifications	(160		)	49				—			19
(Income) loss reclassified from AOCI	—			4			(a)	—			(2		)
Net current period other comprehensive income (loss)	(160		)	53				—			17
Balance as of March 31, 2013	$	(186	)	$	(1,875	)		$	(53	)	$	(35	)
Balance as of December 31, 2013	$	(525	)	$	(1,668	)		$	(15	)	$	(34	)
Other comprehensive income (loss) before reclassifications	(2		)	(2		)		—			(4		)
(Income) loss reclassified from AOCI	—			16			(a)	—			—
Net current period other comprehensive income (loss)	(2		)	14				—			(4		)
Balance as of March 31, 2014	$	(527	)	$	(1,654	)		$	(15	)	$	(38	)

(a) Included in computation of net periodic pension costs (see Note 5).