Kimberly-Clark 2007 Annual Report Download - page 98

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KIMBERLY-CLARK CORPORATION AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
(c) Corporate & Other includes expenses not associated with geographic areas, including the following amounts of pretax charges for the
strategic cost reductions and the related implementation costs in 2007 of $27.1 million.
United
States Canada Europe
Asia, Latin
America &
Other Total
(Millions of dollars)
Corporate & Other
2007 ......................................... $(107.6) $ 0.3 $ (31.5) $ (9.5) $(148.3)
2006 ......................................... (226.5) (16.7) (195.5) (37.7) (476.4)
2005 ......................................... (59.9) (25.0) (113.5) (30.2) (228.6)
Additional information concerning these costs is contained in Note 2.
Equity Companies’ Data
Net Sales
Gross
Profit
Operating
Profit
Net
Income
Corporation’s
Share of Net
Income
(Millions of dollars)
2007 .......................................... $2,108.3 $768.3 $506.2 $356.7 $170.0
2006 .......................................... 2,275.1 815.2 668.3 456.2 218.6(a)
2005 .......................................... 2,115.0 730.0 441.2 286.1 136.6
(a) The Corporation’s share of net income includes a gain from the sale of Kimberly-Clark de Mexico, S.A.B. de C.V.’s pulp and paper
business of approximately $46 million.
Current
Assets
Non-
Current
Assets
Current
Liabilities
Non-
Current
Liabilities
Stockholders’
Equity
(Millions of dollars)
2007 .......................................... $878.3 $996.2 $493.0 $724.1 $657.4
2006 .......................................... 879.6 905.1 667.4 465.5 651.8
2005 .......................................... 869.7 992.1 564.6 513.3 783.9
Equity companies, primarily in Latin America, are principally engaged in operations in the Personal Care
and Consumer Tissue businesses.
At December 31, 2007, the Corporation’s equity companies and ownership interest were as follows:
Kimberly-Clark Lever, Ltd. (India) (50%), Kimberly-Clark de Mexico, S.A.B. de C.V. and subsidiaries (47.9%),
Olayan Kimberly-Clark Arabia (49%), Olayan Kimberly-Clark (Bahrain) WLL (49%) and Tecnosur S.A.
(Colombia) (34.3%).
Kimberly-Clark de Mexico, S.A.B. de C.V. is partially owned by the public and its stock is publicly traded
in Mexico. At December 31, 2007, the Corporation’s investment in this equity company was $314.2 million, and
the estimated fair value of the investment was $2.3 billion based on the market price of publicly traded shares.
Note 18. Supplemental Data (Millions of dollars)
December 31
Supplemental Income Statement Data 2007 2006 2005
Advertising expense .................................................... $468.3 $438.4 $451.0
Research expense ...................................................... 276.8 301.2 319.5
Foreign currency transaction (gains) losses, net .............................. 12.5 22.7 50.0
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