Item 16. FORM 10-K SUMMARY

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Item 16. FORM 10-K SUMMARY

None.



	63	KIMBERLY-CLARK CORPORATION - 2019 Annual Report

SIGNATURES

Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.



	KIMBERLY-CLARK CORPORATION

February 13, 2020	By:	/s/ Maria Henry
		Maria Henry
		Senior Vice President and Chief Financial Officer

Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.



/s/ Michael D. Hsu	Chairman of the Board and Chief Executive Officer and Director (principal executive officer)	February 13, 2020
Michael D. Hsu

/s/ Maria Henry	Senior Vice President and Chief Financial Officer (principal financial officer)	February 13, 2020
Maria Henry

/s/ Andrew S. Drexler	Vice President and Controller (principal accounting officer)	February 13, 2020
Andrew S. Drexler



Directors

Abelardo E. Bru		Christa S. Quarles
Robert W. Decherd		Ian C. Read
Mae C. Jemison		Marc J. Shapiro
Nancy J. Karch		Dunia A. Shive
S. Todd Maclin		Mark T. Smucker
Sherilyn S. McCoy		Michael D. White



By:	/s/ Andrew S. Drexler	February 13, 2020
	Andrew S. Drexler Attorney-in-Fact



	64	KIMBERLY-CLARK CORPORATION - 2019 Annual Report

KIMBERLY-CLARK CORPORATION AND SUBSIDIARIES

SCHEDULE II

VALUATION AND QUALIFYING ACCOUNTS

FOR THE YEARS ENDED DECEMBER 31, 2019**,** 2018 AND 2017

(Millions of dollars)



Description	Balance at Beginning of Period			Additions							Deductions
Charged to Costs and Expenses			Charged to Other Accounts(a)			Write-Offs and Reclassifications				Balance at End of Period
December 31, 2019
Allowances deducted from assets to which they apply
Allowance for doubtful accounts	$	36		$	2		$	(1	)		$	5	(b)	$	32
Allowances for sales discounts	17			249			(4		)		245		(c)	17
December 31, 2018
Allowances deducted from assets to which they apply
Allowance for doubtful accounts	$	38		$	15		$	(3	)		$	14	(b)	$	36
Allowances for sales discounts	18			248			(4		)		245		(c)	17
December 31, 2017
Allowances deducted from assets to which they apply
Allowance for doubtful accounts	$	50		$	8		$	2			$	22	(b)	$	38
Allowances for sales discounts	18			247			—				247		(c)	18


(a)	Includes bad debt recoveries and the effects of changes in foreign currency exchange rates.


(b)	Primarily uncollectible receivables written off.


(c)	Sales discounts allowed.



			Additions
Description	Balance at Beginning of Period		Charged to Costs and Expenses			Charged to Other Accounts		Deductions(a)			Balance at End of Period
December 31, 2019
Deferred taxes
Valuation allowance	$	220	$	26		$	—	$	(2	)	$	248
December 31, 2018
Deferred taxes
Valuation allowance	$	176	$	55		$	—	$	11		$	220
December 31, 2017
Deferred taxes
Valuation allowance	$	225	$	(59	)	$	—	$	(10	)	$	176


(a)	Represents the net currency effects of translating valuation allowances at current rates of exchange.



	65	KIMBERLY-CLARK CORPORATION - 2019 Annual Report

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