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REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
TotheBoardofDirectorsandStockholdersof
Kimberly-ClarkCorporation:
WehaveauditedtheaccompanyingconsolidatedbalancesheetsofKimberly-ClarkCorporationandsubsidiaries(the"Corporation")asofDecember31,2015and
2014,and therelated consolidated statementsof income,comprehensive income,stockholders' equity,andcashflowsfor eachof thethree yearsin theperiod
ended December 31, 2015. Our audits also included the financial statement schedule listed in the Index at Item 15. These financial statements and financial
statementschedulearethe responsibilityoftheCorporation'smanagement. Ourresponsibilityistoexpressanopiniononthefinancialstatements andfinancial
statementschedulebasedonouraudits.
WeconductedourauditsinaccordancewiththestandardsofthePublicCompanyAccountingOversightBoard(UnitedStates).Thosestandardsrequirethatwe
planandperformtheaudittoobtainreasonableassuranceaboutwhetherthefinancialstatementsarefreeofmaterialmisstatement.Anauditincludesexamining,
onatestbasis,evidencesupportingtheamountsanddisclosuresinthefinancialstatements.Anauditalsoincludesassessingtheaccountingprinciplesusedand
significantestimatesmadebymanagement,aswellasevaluatingtheoverallfinancialstatementpresentation.Webelievethatourauditsprovideareasonablebasis
forouropinion.
Inouropinion,suchconsolidatedfinancialstatementspresentfairly,inallmaterialrespects,thefinancialpositionofKimberly-ClarkCorporationandsubsidiaries
asofDecember31,2015and2014,andtheresultsoftheiroperationsandtheircashflowsforeachofthethreeyearsintheperiodendedDecember31,2015,in
conformity with accounting principles generally accepted in the United States of America. Also, in our opinion, such financial statement schedule, when
consideredinrelationtothebasicconsolidatedfinancialstatementstakenasawhole,presentsfairly,inallmaterialrespects,theinformationsetforththerein.
Wehavealsoaudited,inaccordancewiththestandardsofthePublicCompanyAccountingOversightBoard(UnitedStates),theCorporation'sinternalcontrolover
financialreporting asofDecember 31,2015,based onthe criteriaestablishedin Internal Control – Integrated Framework (2013) issuedbytheCommitteeof
SponsoringOrganizationsof theTreadwayCommission andourreportdated February11,2016expressed anunqualifiedopinion ontheCorporation'sinternal
controloverfinancialreporting.
/s/DELOITTE&TOUCHELLP
Deloitte&ToucheLLP
Dallas,Texas
February11,2016
61 KIMBERLY-CLARKCORPORATION - 2015 Annual Report