Attached files
| file | filename |
|---|---|
| 10-K - 10-K - KIMBERLY CLARK CORP | kmb_2015x10k.htm |
| EX-21 - SUBSIDIARIES OF THE CORPORATION - KIMBERLY CLARK CORP | kmb_10kxexhibit21x2015.htm |
| EX-24 - POWERS OF ATTORNEY - KIMBERLY CLARK CORP | kmb_10kxexhibit24x2015.htm |
| EX-32.B - CERTIFICATION OF CFO REQUIRED BY RULE 12A-14(A) OR RULE 150-14(A) - KIMBERLY CLARK CORP | kmb_10kxexhibit32bx2015.htm |
| EX-31.A - CERTIFICATION OF CEO REQUIRED BY RULE 12A-14(A) OR RULE 150-14(A) - KIMBERLY CLARK CORP | kmb_10kxexhibit31ax2015.htm |
| EX-32.A - CERTIFICATION OF CEO REQUIRED BY RULE 12A-14(A) OR RULE 150-14(A) - KIMBERLY CLARK CORP | kmb_10kxexhibit32ax2015.htm |
| EX-31.B - CERTIFICATION OF CFO REQUIRED BY RULE 12A-14(A) OR RULE 150-14(A) - KIMBERLY CLARK CORP | kmb_10kxexhibit31bx2015.htm |
| EX-23 - CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM - KIMBERLY CLARK CORP | kmb_10kxexhibit23x2015.htm |
Exhibit No. (12)
KIMBERLY-CLARK CORPORATION AND SUBSIDIARIES
Computation of Ratio of Earnings to Fixed Charges
(Dollar amounts in millions)
Year Ended December 31 | ||||||||||||||||||||
2015 | 2014 | 2013 | 2012 | 2011 | ||||||||||||||||
Consolidated Companies | ||||||||||||||||||||
Income from continuing operations before income taxes | $ | 1,335 | $ | 2,255 | $ | 2,641 | $ | 2,110 | $ | 1,893 | ||||||||||
Interest expense | 295 | 284 | 282 | 285 | 277 | |||||||||||||||
Interest factor in rent expense | 93 | 101 | 106 | 101 | 88 | |||||||||||||||
Amortization of capitalized interest | 9 | 23 | 12 | 11 | 13 | |||||||||||||||
Equity Affiliates | ||||||||||||||||||||
Share of 50%-owned: | ||||||||||||||||||||
Income before income taxes | (2 | ) | 1 | 6 | 3 | (1 | ) | |||||||||||||
Interest expense | - | - | - | - | - | |||||||||||||||
Interest factor in rent expense | - | - | - | - | - | |||||||||||||||
Amortization of capitalized interest | - | - | - | - | - | |||||||||||||||
Distributed income of less than 50%-owned | 136 | 168 | 163 | 148 | 137 | |||||||||||||||
Earnings | $ | 1,866 | $ | 2,832 | $ | 3,210 | $ | 2,658 | $ | 2,407 | ||||||||||
Consolidated Companies | ||||||||||||||||||||
Interest expense | $ | 295 | $ | 284 | $ | 282 | $ | 285 | $ | 277 | ||||||||||
Capitalized interest | 15 | 11 | 14 | 9 | 8 | |||||||||||||||
Interest factor in rent expense | 93 | 101 | 106 | 101 | 88 | |||||||||||||||
Equity Affiliates | ||||||||||||||||||||
Share of 50%-owned: | ||||||||||||||||||||
Interest and capitalized interest | - | - | - | - | - | |||||||||||||||
Interest factor in rent expense | - | - | - | - | - | |||||||||||||||
Fixed Charges | $ | 403 | $ | 396 | $ | 402 | $ | 395 | $ | 373 | ||||||||||
Ratio of earnings to fixed charges | 4.63 | 7.15 | 7.99 | 6.73 | 6.45 | |||||||||||||||