Kimberly-Clark 2010 Annual Report Download - page 63

Download and view the complete annual report

Please find page 63 of the 2010 Kimberly-Clark annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 104

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104

KIMBERLY-CLARK CORPORATION AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
Set forth below are the pension plan assets of the Principal Plans measured at fair value as of December 31,
2010 and 2009, together with the inputs used to develop those fair value measurements.
Fair Value Measurements at
December 31, 2010
Total
Quoted Prices
in Active
Markets for
Identical Assets
(Level 1)
Significant
Observable
Inputs
(Level 2)
(Millions of dollars)
Cash and Cash Equivalents
Assets held directly ......................................... $34 $34 $—
Held through mutual and pooled funds .......................... 99 41 58
Fixed Income
Assets held directly:
U.S. government and municipals .......................... 174 123 51
U.S. corporate debt ..................................... 334 — 334
U.S. securitized fixed income ............................. 18 — 18
Held through mutual and pooled funds:
U.S. government and municipals .......................... 52 — 52
U.S. corporate debt ..................................... 199 — 199
International bonds ..................................... 619 — 619
Multi-sector ........................................... 57 1 56
Equity
Assets held directly:
U.S. equity ............................................ 615 615 —
International equity ..................................... 206 206 —
Held through mutual and pooled funds:
U.S. equity ............................................ 990 3 987
Non-U.S. equity ........................................ 634 1 633
Global equity .......................................... 217 — 217
U.S. equity collars .......................................... (56) — (56)
Total Plan Assets .............................................. $4,192 $1,024 $3,168
For the U.S. pension plan, equity option strategies are used to reduce the volatility of returns on
investments. Zero-cost equity collars are currently in place on the U.S. equity allocation which was about
$1.5 billion as of December 31, 2010, and as of that date were in a liability position of $56 million.
59