Kimberly-Clark 2008 Annual Report Download - page 75

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KIMBERLY-CLARK CORPORATION AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
Goodwill
The changes in the carrying amount of goodwill by business segment are as follows:
Personal
Care
Consumer
Tissue
K-C
Professional
& Other
Health
Care Total
(Millions of dollars)
Balance at December 31, 2006 ........................ $652 $651 $309 $1,249 $2,861
Acquisitions ...................................... 8 2 2 — 12
Currency and other ................................. 49 (3) 19 4 69
Balance at December 31, 2007 ........................ 709 650 330 1,253 2,942
Acquisitions ...................................... 35 8 4 — 47
Currency and other ................................. (131) (81) (27) (7) (246)
Balance at December 31, 2008 ........................ $ 613 $577 $307 $1,246 $2,743
Other Intangible Assets
Intangible assets subject to amortization are included in other assets and consist of the following at
December 31:
2008 2007
Gross
Carrying
Amount
Accumulated
Amortization
Gross
Carrying
Amount
Accumulated
Amortization
(Millions of dollars)
Trademarks .......................................... $219 $126 $222 $122
Patents .............................................. 52 41 54 39
Other ............................................... 36 19 32 15
Total ............................................ $307 $186 $308 $176
Amortization expense for intangible assets was approximately $12 million in 2008, $14 million in 2007 and
$39 million in 2006. Amortization expense is estimated to be approximately $10 million in 2009, $8 million in
2010, and $7 million in 2011, 2012 and 2013.
Note 6. Debt
Long-term debt is comprised of the following:
Weighted-
Average
Interest
Rate Maturities
December 31
2008 2007
(Millions of dollars)
Notes and debentures ..................................... 5.84% 2010 – 2038 $4,514 $3,959
Dealer remarketable securities .............................. — – —200
Industrial development revenue bonds ........................ 1.50% 2015 – 2037 280 280
Bank loans and other financings in various currencies ............ 5.01% 2009 – 2031 765 196
Total long-term debt ...................................... 5,559 4,635
Less current portion ...................................... 677 241
Long-term portion ........................................ $4,882 $4,394
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