Supplemental Data

12 Months Ended

Dec. 31, 2019

Supplemental Income Statement Data



	Year Ended December 31
	2019		2018		2017
Advertising expense	$	757	$	655	$	648
Research expense	284		317		309

Equity Companies' Data



	Net Sales		Gross Profit		Operating Profit		Net Income		Corporation's Share of Net Income
2019	$	2,379	$	727	$	454	$	255	$	123
2018	2,264		635		388		215		103
2017	2,191		627		378		214		104
	Current Assets		Noncurrent Assets		Current Liabilities		Noncurrent Liabilities		Stockholders' Equity
2019	$	1,020	$	1,275	$	749	$	1,196	$	350
2018	921		1,247		578		1,237		353
2017	828		1,232		415		1,125		520

Equity companies are principally engaged in operations in the personal care and consumer tissue businesses. At December 31, 2019, our ownership interest in KCM and subsidiaries was 47.9 percent. KCM is partially owned by the public, and its stock is publicly traded in Mexico. At December 31, 2019, our investment in this equity company was $165, and the estimated fair value of the investment was $3.0 billion based on the market price of publicly traded shares. Our other equity ownership interests are not significant to our consolidated balance sheet or financial results.

At December 31, 2019, undistributed net income of equity companies included in consolidated retained earnings was $1.0 billion.

Supplemental Balance Sheet Data



	December 31
Summary of Accounts Receivable, Net	2019			2018
From customers	$	2,131		$	2,050
Other	181			167
Less allowance for doubtful accounts and sales discounts	(49		)	(53		)
Total	$	2,263		$	2,164



	December 31
	2019								2018
Summary of Inventories by Major Class	LIFO			Non- LIFO		Total			LIFO			Non- LIFO		Total
Raw materials	$	85		$	236	$	321		$	99		$	263	$	362
Work in process	113			93		206			120			94		214
Finished goods	451			696		1,147			461			692		1,153
Supplies and other	—			271		271			—			275		275
	649			1,296		1,945			680			1,324		2,004
Excess of FIFO or weighted-average cost over LIFO cost	(155		)	—		(155		)	(191		)	—		(191		)
Total	$	494		$	1,296	$	1,790		$	489		$	1,324	$	1,813

Inventories are valued at the lower of cost or net realizable value, determined on the FIFO or weighted-average cost methods, and at the lower of cost or market, determined on the LIFO cost method.



	December 31
Summary of Property, Plant and Equipment, Net	2019			2018
Land	$	165		$	169
Buildings	2,877			2,787
Machinery and equipment	13,946			14,059
Construction in progress	851			699
	17,839			17,714
Less accumulated depreciation	(10,389		)	(10,555		)
Total	$	7,450		$	7,159

Property, plant and equipment, net in the U.S. as of December 31, 2019 and 2018 was $3,787 and $3,625, respectively.



	December 31
Summary of Accrued Expenses and Other Current Liabilities	2019		2018
Accrued advertising and promotion	$	415	$	399
Accrued salaries and wages	463		369
Accrued rebates	241		239
Accrued taxes - income and other	231		260
Operating leases	130		—
Accrued restructuring	93		118
Accrued interest	81		75
Other	324		333
Total	$	1,978	$	1,793

Supplemental Cash Flow Statement Data



Summary of Cash Flow Effects of Operating Working Capital	Year Ended December 31
Summary of Cash Flow Effects of Operating Working Capital	2019			2018			2017
Accounts receivable	$	(116	)	$	33		$	(44	)
Inventories	24			(127		)	(33		)
Trade accounts payable	(153		)	392			174
Accrued expenses	11			115			(102		)
Accrued income taxes	(6		)	64			(176		)
Derivatives	1			30			(47		)
Currency and other	(49		)	(118		)	80
Total	$	(288	)	$	389		$	(148	)



	Year Ended December 31
Other Cash Flow Data	2019		2018		2017
Interest paid	$	255	$	264	$	354
Income taxes paid	528		395		961