Kimberly-Clark 2010 Annual Report Download - page 84

Download and view the complete annual report

Please find page 84 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)
Equity Companies’ Data
Net
Sales
Gross
Profit
Operating
Profit
Net
Income
Corporation’s
Share of Net
Income
(Millions of dollars)
2010 .......................................... $2,310 $815 $555 $378 $181
2009 .......................................... 2,033 740 505 341 164
2008 .......................................... 2,286 812 464 349 166
Current
Assets
Non-
Current
Assets
Current
Liabilities
Non-
Current
Liabilities
Stockholders’
Equity
(Millions of dollars)
2010 .......................................... $1,198 $919 $520 $982 $615
2009 .......................................... 1,108 867 772 624 579
2008 .......................................... 815 819 705 410 519
Equity companies are principally engaged in operations in the Personal Care and Consumer Tissue
businesses, and amounts above primarily reflect operations in Latin America.
At December 31, 2010, our equity companies and ownership interest were as follows: Kimberly-Clark
Lever Private Limited (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) (50%).
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, 2010, our investment in this equity company was $269 million, and the estimated
fair value of the investment was $3.1 billion based on the market price of publicly traded shares.
Note 21. Supplemental Data (Millions of dollars)
December 31
Supplemental Income Statement Data 2010 2009 2008
Advertising expense ........................................................ $698 $559 $512
Research expense .......................................................... 317 301 297
Foreign currency transaction losses, net ......................................... 20 110 18
Supplemental Balance Sheet Data
December 31
Summary of Accounts Receivable, net 2010 2009
Accounts Receivable:
From customers ........................................................... $2,231 $2,290
Other ................................................................... 321 365
Less allowance for doubtful accounts and sales discounts .......................... (80) (89)
Total ............................................................... $2,472 $2,566
80