Kimberly-Clark 2015 Annual Report Download - page 21

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Geographical Information
Year Ended December 31
2015
2014
Change
2015 vs. 2014
2013
Change
2014 vs. 2013
NET SALES
NorthAmerica $ 9,531
$ 9,400
+1.4%
$ 9,430
-0.3%
Europe 2,304
2,717
-15.2%
2,839
-4.3%
Asia,LatinAmericaandother 7,154
7,961
-10.1%
7,639
+4.2%
Intergeographicsales (398)
(354)
+12.4%
(347)
+2.0%
TOTAL NET SALES $ 18,591
$ 19,724
-5.7%
$ 19,561
+0.8%
OPERATING PROFIT
NorthAmerica $ 2,180
$ 2,003
+8.8%
$ 1,984
+1.0%
Europe 297
282
+5.3%
237
+19.0%
Asia,LatinAmericaandother 1,071
1,184
-9.5%
1,070
+10.7%
Corporate&Other(a) (367)
(495)
N.M.
(381)
N.M.
Other(income)andexpense,net(b) 1,568
453
N.M.
7
N.M.
TOTAL OPERATING PROFIT $ 1,613
$ 2,521
-36.0%
$ 2,903
-13.2%
(a) Corporate&Otherincludeschargesrelatedtothe2014OrganizationRestructuringof$63and$133and$5and$41relatedtotheremeasurementoftheVenezuelanbalancesheet,in2015
and2014,respectively.Corporate&Otheralsoincludes$23forrestructuringinTurkeyin2015,and$33and$76relatedtoEuropeanstrategicchangesin2014and2013,respectively.
(b) Other(income) and expense, netfor2015and2014 include chargesof$40 and$421 , respectively, related to the remeasurement of the Venezuelan balance sheet. In addition,2015
includes charges of $108 for thedeconsolidation of our Venezuelan operations and$1,358 for charges related to pension settlements and 2014includes a charge of $35relatedtoa
regulatorydisputeintheMiddleEast.Theresultsfor2013includeabalancesheetremeasurementchargeof$36duetoadevaluationoftheVenezuelanbolivarandachargeof$5for
Europeanstrategicchanges.
18 KIMBERLY-CLARKCORPORATION - 2015 Annual Report