Kimberly-Clark 2010 Annual Report Download - page 23

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PART II
(Continued)
resulted from price increases implemented in most markets in 2008, net of 2009 increased promotional
activity. Unfavorable currency effects were primarily attributable to South Korea, Russia, Australia and
Latin America.
• Economic weakness and high unemployment levels in North America and Europe continued to affect
K-C Professional’s categories in 2009. In North America, sales decreased 4 percent, due to a decrease in
sales volumes of 6 percent (which is net of an approximate 4 percent benefit from the acquisition of
Jackson in April 2009), partially offset by higher net selling prices of about 3 percent. In Europe, sales
of K-C Professional products decreased 16 percent, due to a decrease in sales volumes of 9 percent
(which is net of an approximate 1 percent benefit from the Jackson acquisition) and unfavorable
currency effects of 9 percent, partially offset by higher net selling prices of 3 percent.
• The increased sales volumes for health care products were primarily due to broad-based growth across
several categories including exam gloves and apparel and a 2 percent benefit from the acquisition of
I-Flow in late November 2009. In addition, approximately 35 percent of the total gain in health care
volume for the year was attributable to increased global demand for face masks, a result of the H1N1
influenza virus.
Analysis of Consolidated Operating Profit
By Business Segment
Year Ended December 31
2010 2009 2008
(Millions of dollars)
Personal Care ......................................................... $1,764 $1,739 $1,649
Consumer Tissue ...................................................... 660 736 601
K-C Professional & Other ............................................... 468 464 428
Health Care ........................................................... 174 244 143
Other (income) and expense, net .......................................... 104 97 20
Corporate & Other ..................................................... (189) (261) (254)
Consolidated ...................................................... $2,773 $2,825 $2,547
By Geographic Area
Year Ended December 31
2010 2009 2008
(Millions of dollars)
United States ......................................................... $1,901 $2,059 $1,730
Canada .............................................................. 125 113 144
Europe .............................................................. 222 171 210
Asia, Latin America and other ............................................ 818 840 737
Other (income) and expense, net .......................................... 104 97 20
Corporate & Other ..................................................... (189) (261) (254)
Consolidated ...................................................... $2,773 $2,825 $2,547
In 2010, Other (income) and expense, net includes a $79 million charge and Corporate & Other includes a
$19 million charge related to the adoption of highly inflationary accounting in Venezuela. See Item 8, Note 4 to
19