filings.toolsItem 16. FORM 10-K SUMMARY
8K characters. Original on sec.gov ·
Item 16. FORM 10-K SUMMARY
None.
| 81 | KIMBERLY-CLARK CORPORATION - 2024 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, 2025 | By: | /s/ Andrew S. Drexler | ||||||
| Andrew S. Drexler Vice President and Controller |
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, 2025 | |||||||||
| Michael D. Hsu | |||||||||||
| /s/ Nelson Urdaneta | Senior Vice President and Chief Financial Officer (Principal Financial Officer) | February 13, 2025 | |||||||||
| Nelson Urdaneta | |||||||||||
| /s/ Andrew S. Drexler | Vice President and Controller (Principal Accounting Officer) | February 13, 2025 | |||||||||
| Andrew S. Drexler |
| Directors | ||||||||
| Sylvia M. Burwell | Sherilyn S. McCoy | |||||||
| John W. Culver | Christa S. Quarles | |||||||
| Mae C. Jemison | Jaime A. Ramirez | |||||||
| Deeptha Khanna | Joseph Romanelli | |||||||
| S. Todd Maclin | Dunia A. Shive | |||||||
| Deirdre A. Mahlan | Mark T. Smucker | |||||||
| By: | /s/ Andrew S. Drexler | February 13, 2025 | |||||||||
| Andrew S. Drexler Attorney-in-Fact |
| 82 | KIMBERLY-CLARK CORPORATION - 2024 Annual Report |
KIMBERLY-CLARK CORPORATION AND SUBSIDIARIES
SCHEDULE II
VALUATION AND QUALIFYING ACCOUNTS
FOR THE YEARS ENDED DECEMBER 31, 2024, 2023 AND 2022
(In millions)
| 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, 2024 | |||||||||||||||||||||||||||||||||||
| Allowances deducted from assets to which they apply | |||||||||||||||||||||||||||||||||||
| Allowance for doubtful accounts | $ | 59 | $ | (6) | $ | (4) | $ | 15 | (b) | $ | 34 | ||||||||||||||||||||||||
| Allowances for sales discounts | 19 | 250 | (7) | 243 | (c) | 19 | |||||||||||||||||||||||||||||
| December 31, 2023 | |||||||||||||||||||||||||||||||||||
| Allowances deducted from assets to which they apply | |||||||||||||||||||||||||||||||||||
| Allowance for doubtful accounts | $ | 47 | $ | 15 | $ | 3 | $ | 6 | (b) | $ | 59 | ||||||||||||||||||||||||
| Allowances for sales discounts | 17 | 248 | (4) | 242 | (c) | 19 | |||||||||||||||||||||||||||||
| December 31, 2022 | |||||||||||||||||||||||||||||||||||
| Allowances deducted from assets to which they apply | |||||||||||||||||||||||||||||||||||
| Allowance for doubtful accounts | $ | 40 | $ | 14 | $ | (3) | $ | 4 | (b) | $ | 47 | ||||||||||||||||||||||||
| Allowances for sales discounts | 15 | 239 | (3) | 234 | (c) | 17 |
(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, 2024 | |||||||||||||||||||||||||||||||||||
| Deferred taxes | |||||||||||||||||||||||||||||||||||
| Valuation allowance | $ | 302 | $ | 11 | $ | — | $ | 12 | $ | 301 | |||||||||||||||||||||||||
| December 31, 2023 | |||||||||||||||||||||||||||||||||||
| Deferred taxes | |||||||||||||||||||||||||||||||||||
| Valuation allowance | $ | 299 | $ | 46 | $ | — | $ | 43 | $ | 302 | |||||||||||||||||||||||||
| December 31, 2022 | |||||||||||||||||||||||||||||||||||
| Deferred taxes | |||||||||||||||||||||||||||||||||||
| Valuation allowance | $ | 279 | $ | 37 | $ | — | $ | 17 | $ | 299 |
(a)Represents the net currency effects of translating valuation allowances at current rates of exchange and benefits recognized to Other Comprehensive Income.
| 83 | KIMBERLY-CLARK CORPORATION - 2024 Annual Report |
Previous: Item 15. EXHIBITS AND FINANCIAL STATEMENT SCHEDULES