Exhibit No. 12.1

KIMBERLY-CLARK CORPORATION AND SUBSIDIARIES

Computation of Ratio of Earnings to Fixed Charges

(Dollar amounts in millions)

(Unaudited)

	Three Months Ended March  31
	2010		2009
Consolidated Companies
Income from continuing operations before income taxes	$	609	$	563
Interest expense		61		74
Interest factor in rent expense		23		24
Amortization of capitalized interest		4		2
Equity Affiliates
Share of 50%-owned
Income from continuing operations before income taxes		1		0
Interest expense		—		—
Interest factor in rent expense		—		—
Amortization of capitalized interest		—		—
Distributed income of less than 50%-owned		—		—
Earnings	$	698	$	663
Consolidated Companies
Interest expense	$	61	$	74
Capitalized interest		4		3
Interest factor in rent expense		23		24
Equity Affiliates
Share of 50%-owned
Interest and capitalized interest		—		—
Interest factor in rent expense		—		—
Fixed Charges	$	88	$	101
Ratio of earnings to fixed charges		7.93		6.56