2024 Transformation Initiative (Tables)

3 Months Ended

Mar. 31, 2026

Restructuring and Related Activities [Abstract]

The following charges were incurred in connection with the 2024 Transformation Initiative:


	Three Months Ended March 31
	2026		2025
Cost of products sold:
Charges for workforce reductions	$	3	$	14

Asset write-offs	4		—
Incremental depreciation	31		32
Other exit costs	4		7
Total	42		53
Marketing, research and general expenses:
Charges for workforce reductions	9		2
Other exit costs	21		20
Total	30		22
Other (income) and expense, net(a)	(21)		—
Nonoperating expense	—		2
Total charges(b)	51		77
Provision for income taxes	(19)		—
Net charges	32		77
Net charges related to noncontrolling interests	(1)		—
Net charges attributable to Kimberly-Clark Corporation	$	31	$	77

(a)Other (income) and expense, net includes gains from the sale of manufacturing facilities and associated real estate as part of the 2024 Transformation Initiative.

(b)We do not include 2024 Transformation Initiative charges within our segment operating results. Total impact of these charges to the NA segment would have been $56 for the three months ended March 31, 2026 (IPC segment amount was not material), and $27 and $20 to the NA and IPC segments, respectively, for the three months ended March 31, 2025, with the residual relating to Corporate & Other. See further discussion around our segment operating results in Note 9.

The following summarizes the 2024 Transformation Initiative liabilities activity:


	Total
Liabilities as of December 31, 2025	$	62
Charges for workforce reductions and other cash exit costs	37
Cash payments	(43)
Currency and other	(2)
Liabilities as of March 31, 2026	$	54

2024 Transformation Initiative liabilities are recorded in Accrued expenses and other current liabilities. The charges related to the 2024 Transformation Initiative are reflected within Operating Activities of our Condensed Consolidated Statements of Cash Flows.

Schedule of Restructuring Reserve by Type of Cost

The following summarizes the 2024 Transformation Initiative liabilities activity:


	Total
Liabilities as of December 31, 2025	$	62
Charges for workforce reductions and other cash exit costs	37
Cash payments	(43)
Currency and other	(2)
Liabilities as of March 31, 2026	$	54

KIMBERLY CLARK CORP 10-Q