Stockholders' Equity

9 Months Ended

Sep. 30, 2014

Equity [Abstract]

Stockholders' Equity

Stockholders' Equity

Set forth below is a reconciliation for the nine months ended September 30, 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	1,609			25
Other comprehensive income, net of tax
Unrealized translation	(362		)	(3		)
Employee postretirement benefits	72			—
Other	19			—
Stock-based awards exercised or vested	99			—
Recognition of stock-based compensation	51			—
Income tax benefits on stock-based compensation	30			—
Shares repurchased	(1,162		)	—
Dividends declared	(946		)	(26		)
Other	(1		)	3
Balance at September 30, 2014	$	4,265		$	283

During the nine months ended September 30, 2014, we repurchased 10.3 million shares at a total cost of $1.1 billion.

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 nine months ended September 30, 2014 was primarily due to the strengthening of the U.S. dollar against the Euro, Russian ruble and Australian dollar, as well as most other currencies.

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	(386		)	57				1				17
(Income) loss reclassified from AOCI	—			28			(a)	(2		)	(a)	(8		)
Net current period other comprehensive income (loss)	(386		)	85				(1		)		9
Balance as of September 30, 2013	$	(412	)	$	(1,843	)		$	(54	)		$	(43	)
Balance as of December 31, 2013	$	(525	)	$	(1,668	)		$	(15	)		$	(34	)
Other comprehensive income (loss) before reclassifications	(362		)	(2		)		24				17
(Income) loss reclassified from AOCI	—			49			(a)	1			(a)	2
Net current period other comprehensive income (loss)	(362		)	47				25				19
Balance as of September 30, 2014	$	(887	)	$	(1,621	)		$	10			$	(15	)

(a) Included in computation of net periodic pension and postretirement benefits costs (see Note 6).