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Stockholders' Equity
3 Months Ended
Mar. 31, 2019
Equity [Abstract]  
Stockholders' Equity Stockholders' Equity
Set forth below is a reconciliation for the three months ended March 31, 2019 and 2018 of the carrying amount of total stockholders' equity from the beginning of the period to the end of the period.
 
 
Stockholders' Equity Attributable to
 
 
The Corporation
 
Noncontrolling Interests
Balance at December 31, 2018
 
$
(287
)
 
$
241

Net Income
 
454

 
11

Other comprehensive income, net of tax
 
10

 
(5
)
Stock-based awards exercised or vested
 
28

 

Recognition of stock-based compensation
 
17

 

Shares repurchased
 
(174
)
 

Dividends declared ($1.03 per share)
 
(354
)
 
(24
)
Other
 
1

 

Balance at March 31, 2019
 
$
(305
)
 
$
223


 
 
Stockholders' Equity Attributable to
 
 
The Corporation
 
Noncontrolling Interests
Balance at December 31, 2017
 
$
629

 
$
253

Net Income
 
93

 
3

Other comprehensive income, net of tax
 
115

 
1

Stock-based awards exercised or vested
 
14

 

Recognition of stock-based compensation
 
17

 

Shares repurchased
 
(211
)
 

Dividends declared ($1.00 per share)
 
(350
)
 
(20
)
Other
 
10

 
1

Balance at March 31, 2018
 
$
317

 
$
238


During the three months ended March 31, 2019, we repurchased 1.4 million shares at a total cost of $167 pursuant to a share repurchase program authorized by our Board of Directors.
Net unrealized currency gains or losses resulting from the translation of assets and liabilities of foreign subsidiaries, except those in highly inflationary economies, are recorded in Accumulated Other Comprehensive Income ("AOCI"). For these operations, changes in exchange rates generally do not affect cash flows; therefore, unrealized translation adjustments are recorded in AOCI rather than net income. Upon sale or substantially complete liquidation of any of these subsidiaries, the applicable unrealized translation would be removed from AOCI and reported as part of the gain or loss on the sale or liquidation.
Also included in unrealized translation amounts are the effects of foreign exchange rate changes on intercompany balances of a long-term investment nature and transactions designated as hedges of net foreign investments.
The change in net unrealized currency translation for the three months ended March 31, 2019 was primarily due to strengthening of foreign currencies versus the U.S. dollar.
The changes in the components of AOCI attributable to Kimberly-Clark, net of tax, are as follows:
 
 
Unrealized Translation
 
Defined Benefit Pension Plans
 
Other Postretirement Benefit Plans
 
Cash Flow Hedges and Other
Balance as of December 31, 2017
 
$
(1,864
)
 
$
(976
)
 
$
(39
)
 
$
(40
)
Other comprehensive income (loss) before reclassifications
 
116

 
(10
)
 

 
(9
)
Loss reclassified from AOCI
 

 
10

(a)

 
8

Net current period other comprehensive income (loss)
 
116

 

 

 
(1
)
Balance as of March 31, 2018
 
$
(1,748
)
 
$
(976
)
 
$
(39
)
 
$
(41
)
 
 
 
 
 
 
 
 
 
Balance as of December 31, 2018
 
$
(2,297
)
 
$
(1,017
)
 
$
12

 
$
3

Other comprehensive income (loss) before reclassifications
 
31

 
(7
)
 

 
(12
)
(Income) loss reclassified from AOCI
 

 
3

(a)

 
(5
)
Net current period other comprehensive income (loss)
 
31

 
(4
)
 

 
(17
)
Balance as of March 31, 2019
 
$
(2,266
)
 
$
(1,021
)
 
$
12

 
$
(14
)

(a)
Included in computation of net periodic benefit costs.