Stockholders' Equity

12 Months Ended

Dec. 31, 2022

Equity [Abstract]

Stockholders' Equity

Stockholders' Equity

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, 2020	$	(2,157)	$	(912)		$	(40)		$	(63)
Other comprehensive income (loss) before reclassifications	(265)		37			9			53
(Income) loss reclassified from AOCI	—		72		(a)	(3)		(a)	30
Net current period other comprehensive income (loss)	(265)		109			6			83
Balance as of December 31, 2021	(2,422)		(803)			(34)			20
Other comprehensive income (loss) before reclassifications	(347)		(51)			86			(139)
(Income) loss reclassified from AOCI	—		65		(a)	—		(a)	(44)
Net current period other comprehensive income (loss)	(347)		14			86			(183)
Balance as of December 31, 2022	$	(2,769)	$	(789)		$	52		$	(163)

(a)    Included in computation of net periodic pension and other postretirement benefits costs (see Note 8).

Included in the above defined benefit pension plans and other postretirement benefit plans balances as of December 31, 2022 is $735 and $2 of unrecognized net actuarial loss and unrecognized net prior service credit, respectively.

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

	Year Ended December 31
	2022		2021		2020
Unrealized translation	$	(324)	$	(248)	$	98
Tax effect	(23)		(17)		16
	(347)		(265)		114
Defined benefit pension plans
Unrecognized net actuarial loss and transition amount
Funded status recognition	(109)		16		24
Amortization	34		37		41
Settlements and curtailments	52		91		49
Currency and other	36		10		(26)
	13		154		88
Unrecognized prior service cost/credit
Funded status recognition	2		(2)		2
Amortization	—		(4)		(4)
Curtailments	—		(3)		—
Currency and other	—		—		1
	2		(9)		(1)
Tax effect	(1)		(36)		(20)
	14		109		67
Other postretirement benefit plans
Unrecognized net actuarial loss and transition amount and other	113		12		(35)
Tax effect	(27)		(6)		8
	86		6		(27)
Cash flow hedges and other
Recognition of effective portion of hedges	(165)		70		(32)
Amortization	(58)		39		(2)
Currency and other	(22)		(4)		(5)
Tax effect	62		(22)		7
	(183)		83		(32)
Change in AOCI	$	(430)	$	(67)	$	122

Amounts are reclassified from AOCI into Cost of products sold, Nonoperating expense, Interest expense, or Other (income) and expense, net, as applicable, in the consolidated income statement.

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 AOCI. For these operations, changes in exchange rates generally do not affect cash flows; therefore, unrealized translation adjustments are recorded in AOCI rather than net income. Upon sale or substantially complete liquidation of any of these subsidiaries, the applicable unrealized translation adjustment would be removed from AOCI and reported as part of the gain or loss on the sale or liquidation. The change in unrealized translation in 2022 is primarily due to the weakening of various foreign currencies versus the U.S. dollar, particularly the Indonesian rupiah and the British pound. Also included in unrealized translation amounts 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.