Kimberly-Clark 2015 Annual Report Download - page 20

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Net Income Attributable to Kimberly-Clark and Diluted Earnings Per Share from Continuing Operations Reconciliations of GAAP to Non-GAAP
NetIncomeAttributabletoKimberly-ClarkandDilutedEarningsPerShareincludethefollowingadjustingitems:
Year Ended December 31
2015
2014
2013
NetIncomeAttributabletoKimberly-Clark,GAAP $ 1,013
$ 1,526
$ 2,142
Plusadjustments(netoftax)for:
PensionSettlements 835
—
—
ChargesRelatedtoVenezuelanOperations 147
462
26
UncertainTaxPositionsAdjustment 49
—
—
2014OrganizationRestructuring 42
95
—
TurkeyRestructuring 23
—
—
RegulatoryDisputeinMiddleEast —
17
—
HealthCareSpin-off —
138
—
EuropeanStrategicChanges —
30
66
AdjustedNetIncomeAttributabletoKimberly-Clark $ 2,109
$ 2,268
$ 2,234
Year Ended December 31
2015
2014
2013
DilutedEarningsPerSharefromContinuingOperations,GAAP $ 2.77
$ 3.91
$ 5.01
Plusadjustmentsfor:
PensionSettlements 2.28
—
—
ChargesRelatedtoVenezuelanOperations 0.40
1.22
0.07
UncertainTaxPositionsAdjustment 0.13
—
—
2014OrganizationRestructuring 0.11
0.25
—
TurkeyRestructuring 0.06
—
—
RegulatoryDisputeinMiddleEast —
0.05
—
EuropeanStrategicChanges —
0.08
0.17
Rounding 0.01
—
(0.01)
AdjustedDilutedEarningsPerSharefromContinuingOperations $ 5.76
$ 5.51
$ 5.24
Theincreaseinadjustedearningspersharefromcontinuingoperationsin2015and2014areprimarilyduetolowersharecountsandhigherearnings.
17 KIMBERLY-CLARKCORPORATION - 2015 Annual Report