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Item 6. SELECTED FINANCIAL DATA

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Item 6. SELECTED FINANCIAL DATA

Year Ended December 31
2020**(a)**2019**(b)**2018**(c)**2017**(d)**2016**(e)**
Net Sales$19,140$18,450$18,486$18,348$18,287
Gross Profit6,8226,0355,5976,5876,691
Operating Profit3,2442,9912,2293,3583,383
Share of Net Income of Equity Companies142123103104132
Net Income2,3962,1971,4452,3192,219
Net Income Attributable to Noncontrolling Interests(44)(40)(35)(41)(53)
Net Income Attributable to Kimberly-Clark Corporation2,3522,1571,4102,2782,166
Per Share Basis
Basic6.906.284.056.446.03
Diluted6.876.244.036.405.99
Cash Dividends Per Share
Declared4.284.124.003.883.68
Paid4.244.093.973.833.64
Total Assets17,52315,28314,51815,15114,602
Long-Term Debt7,8786,2136,2476,4726,439
Total Stockholders' Equity869194(46)882117

(a) Results include pre-tax charges of $419, $323 after tax, related to the 2018 Global Restructuring Program, acquisition-related costs of $32, $27 after tax, associated with the acquisition of Softex Indonesia, and business tax credits of $77, $51 after tax, related to the resolution of certain Brazil tax matters. See Item 8, Notes 1, 2 and 3 to the consolidated financial statements for details.

(b) Results include pre-tax charges of $366, $248 after tax, related to the 2018 Global Restructuring Program and a pre-tax property sale gain of $31, $24 after tax, related to the sale of property associated with a former manufacturing facility. See Item 8, Notes 2 and 14 to the consolidated financial statements for details.

(c) Results include pre-tax charges of $1,036, $783 after tax, related to the 2018 Global Restructuring Program and a net charge of $117 associated with U.S. tax reform related matters. See Item 8, Notes 2 and 12 to the consolidated financial statements for details.

(d) Results include other expense of $24 and an income tax benefit of $85 for U.S. tax reform related matters.

(e) Results include other income of $11 related to an updated assessment of the deconsolidation of our Venezuelan operations. Additionally, results were negatively impacted by pre-tax charges of $35, $27 after tax, related to the 2014 restructuring plan initiated to improve organization efficiency and offset the impact of stranded overhead costs resulting from the spin-off of our health care business (the "2014 Organization Restructuring").

11KIMBERLY-CLARK CORPORATION - 2020 Annual Report

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