0001628280-26-044823 | 11-K | XBRL Viewer

EBP, Investment, Fair Value and NAV [Line Items]

EBP, Investment, Fair Value and NAV

The following tables set forth by level, within the fair value hierarchy, a summary of the Plan's investments measured at fair value as of December 31, 2025 and 2024. As of December 31, 2025 and 2024, approximately 88% of the assets, are held in collective funds and are measured using NAV as a practical expedient. Accordingly, such assets do not meet the Level 1, Level 2 or Level 3 criteria of the fair value hierarchy.


	December 31 2025		Fair Value Measurements
			Level 1		Level 2		NAV
	(Thousands of dollars)
Cash and cash equivalents	$	83,787	$	77,687	$	—	$	6,100
Kimberly-Clark Corporation stock	125,975		125,975		—		—
SDBA	443,750		441,026		2,724		—
Common collective trusts	4,779,382		—		—		4,779,382
Total Investments at Fair Value	$	5,432,894	$	644,688	$	2,724	$	4,785,482


	December 31 2024		Fair Value Measurements
			Level 1		Level 2		NAV
	(Thousands of dollars)
Cash and cash equivalents	$	79,546	$	74,554	$	—	$	4,992
Kimberly-Clark Corporation stock	162,609		162,609		—		—
SDBA	391,559		388,846		2,713		—
Common collective trusts	4,244,339		—		—		4,244,339
Total Investments at Fair Value	$	4,878,053	$	626,009	$	2,713	$	4,249,331

The following table for December 31, 2025 and 2024, sets forth a summary of the Plan's investments with a reported NAV.

Fair Value Estimated Using NAV per Share

Investment

December 31 2025 Fair Value (a)

December 31 2024 Fair Value (a)

Unfunded Commitment

Redemption Frequency

Other Redemption Restrictions

Redemption Notice Period

(Thousands of dollars)

Short-term investment funds (b)

6,100

4,992

—

Daily

None

Daily

Fixed income funds (c)

820,553

791,150

—

Daily

None

Daily

Multi-asset class funds (d)

899,731

742,636

—

Daily

None

Daily

Equity index funds (e)

3,059,098

2,710,553

—

Daily

None

Daily

(a) The fair values of the investments have been estimated using the NAV of the investment.

(b) Short-term investment fund strategies seek to invest in high-quality, short-term securities which are included in cash and cash equivalents.

(c) The fixed income fund strategy seeks to replicate the Barclays Bloomberg U.S. Aggregate Bond Index or provide capital preservation and income.

(d) Multi-asset class funds are target date funds that seek to provide a diversified asset allocation consistent with the participants' current stage of life.

(e) Equity index fund strategies seek to replicate the return of an index of a specific financial market, such as the Russell 1000 Index or Russell 2000 Index.

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

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Tabular disclosure of fair value of investment held by employee stock purchase, saving, or similar plan (employee benefit plan (EBP)), including, but not limited to, fair value measured at net asset value per share as practical expedient (NAV).

Accounting Principles and Practices (Policies) - EBP 016	12 Months Ended
	Dec. 31, 2025
EBP, Accounting Policy [Line Items]
Basis of Accounting	Basis of Accounting The accompanying financial statements for the Plan have been prepared on the accrual basis and are in accordance with the accounting principles generally accepted in the United States of America ("U.S. GAAP") for defined contribution benefit plans. The significant accounting policies employed in the preparation of the accompanying financial statements are described below.
Use of Estimates	Use of Estimates The preparation of financial statements requires management to make estimates and assumptions that affect the reported amounts of net assets available for benefits and changes therein. Actual results could differ from those estimates.
Investment Valuation and Income Recognition	Investment Valuation and Income Recognition All investments are stated at fair value. The Plan primarily invests in collective funds that have underlying investments and the fair value is determined by the Plan's proportionate share of the underlying investments and is estimated using the net asset value (the "NAV") per share. The fair value of the Corporation's common stock held by the Plan is determined as the last selling price on the last business day of the year, as published by an independent source. Security transactions are recorded on the trade date. Cash and cash equivalents include a collective short-term investment fund for pending transactions which is recorded at fair value using the NAV per share as well as certificates of deposit and other interest bearing investments that are recorded at cost, which approximates fair value. Interest income is recorded on the accrual basis. Dividends are recorded on the ex-dividend date. Net appreciation (depreciation) includes the Plan's gains and losses on investments bought and sold as well as held during the year.
Notes Receivable from Participants	Notes Receivable from Participants Notes receivable from participant loans are valued at their unpaid principal balance plus any accrued but unpaid interest. Interest income is recorded on the accrual basis.
Administrative Expenses	Administrative Expenses Administrative expenses of the Plan are paid by the Plan as provided in the Plan document.
Benefits Paid to Participants	Benefits Paid to Participants Distributions are recorded when paid. Amounts allocated to accounts of participants who have elected to withdraw from the Plan, but have not yet been paid, were insignificant at December 31, 2025 and 2024.
Contributions	Contributions Employee and Employer matching contributions are recorded in the period in which the Employer makes the payroll deductions from the participant's earnings. Employer profit sharing contributions are recognized in the year in which the compensation relates.

Disclosure of accounting policy for use of estimate in preparation of financial statement of employee stock purchase, saving, or similar plan (employee benefit plan (EBP)).

+ References + Details

Related Parties and Parties-In-Interest Transactions (Details) - EBP 016 - USD ($) $ in Thousands, shares in Millions	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024
EBP, Related Party and Party-in-Interest Transactions [Line Items]
Investments at fair value	$ 5,432,894	$ 4,878,053
Kimberly-Clark Corporation stock
EBP, Related Party and Party-in-Interest Transactions [Line Items]
Number of shares held (in shares)	1.2	1.2
Investments at fair value	$ 126,000	$ 162,600
Number of shares acquired (in shares)	0.2	0.3
Number of shares sold (in shares)	0.2	0.4

Fair value of investment, excluding plan interest in master trust, held by employee stock purchase, saving, or similar plan (employee benefit plan (EBP)). Includes, but is not limited to, derivative, investment measured at net asset value per share as practical expedient, and insurance contract not meeting fully-benefit responsive investment criteria.

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Description of the Plan (Details) - EBP 016	12 Months Ended
Description of the Plan (Details) - EBP 016	Dec. 31, 2025 USD ($) Year	Dec. 31, 2024 USD ($)
EBP, Description of Plan [Line Items]
Automatic deferral rate	8.00%
Employer contribution matching percentage	100.00%
Contribution, percentage of compensation matched	5.00%
Pre-tax compensation percentage	50.00%
Employer matching contributions	$ 65,496,000	$ 68,285,000
Employee contributions receivable	4,414,000	4,528,000
Employee contributions	161,072,000	157,019,000
Minimum loan borrowing amount	1,000
Maximum loan borrowing amount	$ 50,000
Maximum borrowing to total account percentage	50.00%
Variable rate	1.00%
Processing fee amount	$ 50
General loan, maximum borrowing term	4 years
Primary residence, maximum borrowing term	10 years
Benefits paid to participants	$ 474,969,000	518,360,000
Requisite service period	24 months
Retirement age \| Year	59.5
K-C Stock Fund
EBP, Description of Plan [Line Items]
Benefits paid to participants		$ 1,500,000
Kimberly-Clark Corporation stock
EBP, Description of Plan [Line Items]
Benefits paid to participants	$ 1,500,000
Minimum
EBP, Description of Plan [Line Items]
Cash-out limit	1,000
Maximum
EBP, Description of Plan [Line Items]
Cash-out limit	$ 7,000
Employer Matching Contributions
EBP, Description of Plan [Line Items]
Maximum after-tax contribution percentage to eligible compensation	5.00%
Roth 401(k) Contributions
EBP, Description of Plan [Line Items]
Maximum after-tax contribution percentage to eligible compensation	4.00%
Discretionary Annual Profit Sharing Contribution
EBP, Description of Plan [Line Items]
Percentage of eligible earnings	3.80%	4.50%
Employer matching contributions	$ 51,800,000	$ 63,300,000
Discretionary Annual Profit Sharing Contribution \| Minimum
EBP, Description of Plan [Line Items]
Percentage of eligible earnings	0.00%
Discretionary Annual Profit Sharing Contribution \| Maximum
EBP, Description of Plan [Line Items]
Percentage of eligible earnings	8.00%
401(k) Contributions
EBP, Description of Plan [Line Items]
Employee contributions receivable	$ 2,900,000	2,900,000
Employee contributions	107,000,000.0	111,700,000
Roth 401(k) And Rollover Contributions
EBP, Description of Plan [Line Items]
Employee contributions receivable	1,500,000	1,600,000
Employee contributions	$ 54,100,000	$ 45,300,000

Statements of Net Assets Available for Benefits - EBP 016 - USD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024
Assets
Investments at fair value	$ 5,432,894	$ 4,878,053
Receivables:
Dividends and interest	1,574	1,514
Employee contributions	4,414	4,528
Employer matching contributions	3,451	3,686
Employer profit sharing contributions	51,849	63,303
Notes receivable from participants	40,200	38,229
Total Receivables	101,488	111,260
Total Assets	5,534,382	4,989,313
Liabilities
Fees payable and pending disbursements	1,011	2,545
Total Liabilities	1,011	2,545
Net Assets Available for Benefits	$ 5,533,371	$ 4,986,768

Description of the Plan	12 Months Ended
Description of the Plan	Dec. 31, 2025
EBP 016
EBP, Description of Plan [Line Items]
Description of the Plan	Note 1. Description of the Plan The following brief description of the Kimberly-Clark Corporation 401(k) and Profit Sharing Plan (the "Plan") is provided for general information purposes only. Participants should refer to the Plan document for more complete information. The financial statements represent the accounts of the Plan in conformity with accounting principles generally accepted in the United States of America ("GAAP"). General The Plan, sponsored by Kimberly-Clark Corporation (the "Corporation"), was adopted effective January 1, 2010. It is a defined contribution plan covering eligible employees of the Corporation and its participating subsidiaries. The Plan is an employee stock ownership plan, as defined in Section 4975 of the Internal Revenue Code of 1986 (the "Code"). Salary, hourly non-union and hourly union (as bargained) employees of the Corporation and its participating U.S. subsidiaries (collectively, the "Employer") are eligible to participate in the Plan. The Board of Directors of the Corporation or its delegate may change the eligibility and other provisions of the Plan from time to time. The assets of the Plan are held with The Northern Trust Company (the "Trustee"). The named fiduciary for the Plan is the Benefits Administration Committee (the "BAC"). The recordkeeper for the Plan is Fidelity Workplace Services LLC ("Fidelity"). Contributions An eligible employee may elect to make contributions that are deducted from compensation paid by the Employer before federal income taxes are withheld ("401(k) contributions"), after-tax contributions, and Roth 401(k) contributions in any combination up to 50% in whole percentages of base salary. 401(k) contributions, after-tax contributions, and Roth 401(k) contributions in any combination up to 5% of base salary are eligible for Company Match Safe Harbor contributions ("Employer matching contributions") with the exception to hourly union participants located in Mobile Operations whose Company Match Safe Harbor contributions for a participant's pre-tax contributions, Roth 401(k) contributions or after-tax contributions remains on the first 4% of such participant's eligible earnings per pay period. Employees that are new hires or re-hires are automatically enrolled in the Plan at an 8% 401(k) contribution rate and have the option to opt out of the contribution. Employer matching contributions are matched 100% on the first 5% of eligible earnings with the exception to hourly union participants located in Mobile Operations whose Company Match Safe Harbor Contributions for a participant's pre-tax contributions, Roth 401(k) contributions or after-tax contributions remains on the first 4% of such participant's eligible earnings per pay period. The Employer matching contributions are not required to meet anti-discrimination requirements and testing and do not require distinction of highly compensated employees. Employer matching contributions are accounted for separately and share in the net appreciation or depreciation in fair value of investments, dividends, interest and expenses in the same manner as contributions made by a participant. All Employer matching contributions are invested according to the participants' contribution investment elections. Employer matching contributions and future earnings (losses) on that amount can be reallocated to another investment fund within the Plan. Any forfeitures in the Plan are used to offset Employer contributions. The Employer makes a discretionary annual profit sharing contribution for each eligible employee based on the Corporation's adjusted earnings per share performance from a range of 0% to 8% of eligible earnings. The contribution is deposited into participants' accounts as soon as administratively possible. The contributions related to the 2025 and 2024 targets were 3.8% and 4.5% of eligible earnings for each year and totaled $51.8 million and $63.3 million, respectively, and were deposited into participants' accounts within the first two months of the following year. Employee contributions receivable as of December 31, 2025 of $4.4 million includes 401(k) contributions receivable of $2.9 million and after-tax, Roth 401(k) receivable, collectively, of $1.5 million. The employee contributions for the year ended December 31, 2025 of $161.1 million includes 401(k) contributions of $107.0 million and after-tax, Roth 401(k), and rollover contributions, collectively, of $54.1 million. Employee contributions receivable as of December 31, 2024 of $4.5 million includes 401(k) contributions receivable of $2.9 million and after-tax, Roth 401(k) and rollover contributions receivable, collectively, of $1.6 million. The employee contributions for the year ended December 31, 2024 of $157.0 million includes 401(k) contributions of $111.7 million and after-tax, Roth 401(k), and rollover contributions, collectively, of $45.3 million. Participant Accounts Individual accounts are maintained for each Plan participant. Each participant's account is credited with the employee's contributions, the Employer matching contributions, profit sharing contributions, and Plan earnings and losses, less expenses. Investments All investment elections are held by the Trustee and employee contributions allocated to a specific fund are commingled with those of other participants and are invested in accordance with the nature of the specific fund. Pending such investment, the Trustee is authorized to invest in short-term securities of the United States of America or in other investments of a short-term nature. Employees can elect to have their contributions in any of the 19 fund options available. The fund options consist of Kimberly-Clark Corporation Stock Fund ("K-C Stock Fund"), two different collective funds offered by Columbia Management (formerly Ameriprise), which are the Money Market and Stable Income Fund, and 16 collective funds offered by BlackRock which include the Russell 1000 Value Index Fund F, Russell 2000 Index Fund F, Russell 1000 Growth Index Fund F, U.S. Debt Index Fund F, Russell 1000 Index Fund F, MSCI ACWI ex-U.S. IMI Index Fund F, and 10 LifePath Index Fund F funds which are the Target Conservative Fund, 2030 Fund, 2035 Fund, 2040 Fund, 2045 Fund, 2050 Fund, 2055 Fund, 2060 Fund, 2065 Fund, and 2070 Fund. The participant can also choose from a broad range of funds and certain other investments offered through a brokerage account. Vesting Employees are immediately vested in their 401(k), after-tax, Roth 401(k), and rollover contributions as well as Employer matching contributions and profit sharing contributions. Participant Loans Participants may borrow from their fund accounts a minimum of $1 thousand up to a maximum of 50% or $50 thousand of their vested account balance, whichever is less. The loans are secured by the balance in the participant's account and bear interest at the prime +1% interest rate as published in the Wall Street Journal on the 15th of the month prior to the first day of the month to which it applies. Principal and interest is paid ratably through payroll deductions. A participant may have only one outstanding loan. A loan processing fee of $50 is charged to the participant. A loan may be a general purpose loan which must be repaid within a maximum of four years, or a primary residence loan, which must be repaid within a maximum of 10 years. Distributions Upon termination of a participant's employment, or because of death, the value of the participant's accounts, including the value of all Employer matching and profit sharing contributions, is distributable in either a lump sum, partial amount or systematic withdrawal per the participant's request. An automatic distribution will occur within 90 days if the participant's balance is $7 thousand or less. If the balance is $1 thousand or less, the distribution will be in the form of cash. If the balance is $7 thousand or less but more than $1 thousand, the balance will automatically be rolled over into an Individual Retirement Account ("IRA") with Fidelity. A participant invested in the K-C Stock Fund earns dividends quarterly and has the option to reinvest the dividends earned into the fund or receive a distribution. Dividends distributed to participants during the years ended December 31, 2025 and 2024 were $1.5 million and $1.5 million, respectively, and are included in benefits paid to participants on the Statements of Changes in Net Assets Available for Benefits. Withdrawals An employee may withdraw the value of their after-tax accounts and Employer matching contributions after being in the Plan for 24 months. Subject to certain conditions, a participant may withdraw the value of 401(k) contributions, Roth 401(k) contributions, Employer matching contributions, profit sharing, and earnings credited in the case of hardship or after attaining age 59½. K-C Stock Fund A participant has the right to direct the Trustee as to the manner in which to vote at each annual meeting and special meeting of the stockholders of the Corporation the number of whole shares of the Corporation's common stock held by the Trustee and attributable to his or her K-C Stock Fund account as of the valuation date coincident with the record date for the meeting. In addition, the participant has the right to determine whether whole shares of the Corporation's common stock held by the Trustee and attributable to his or her K-C Stock Fund account should be tendered in response to offers thereof. The K-C Stock Fund is allocated to participants using a unit value, which is calculated using the stock's year end market price plus cash held in a collective short-term investment fund.

NAV Per Share (Details) - EBP 016 - USD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024
EBP, Investment, Fair Value and NAV [Line Items]
Investments at fair value	$ 5,432,894	$ 4,878,053
NAV
EBP, Investment, Fair Value and NAV [Line Items]
Investments at fair value	4,785,482	4,249,331
NAV \| Short-term investment funds
EBP, Investment, Fair Value and NAV [Line Items]
Investments at fair value	6,100	4,992
Unfunded Commitment	0
NAV \| Fixed income funds
EBP, Investment, Fair Value and NAV [Line Items]
Investments at fair value	820,553	791,150
Unfunded Commitment	0
NAV \| Multi-asset class funds
EBP, Investment, Fair Value and NAV [Line Items]
Investments at fair value	899,731	742,636
Unfunded Commitment	0
NAV \| Equity index funds
EBP, Investment, Fair Value and NAV [Line Items]
Investments at fair value	3,059,098	$ 2,710,553
Unfunded Commitment	$ 0

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

NAV Per Share

12 Months Ended

Dec. 31, 2025

EBP, Investment, Fair Value and NAV [Line Items]

NAV Per Share

Note 3. Fair Value Measurements

The following fair value information is based on a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The three levels in the hierarchy used to measure fair value are:

Level 1 – Unadjusted quoted prices in active markets accessible at the reporting date for identical assets and liabilities.

Level 2 – Quoted prices for similar assets or liabilities in active markets. Quoted prices for identical or similar assets and liabilities in markets that are not considered active or financial instruments for which all significant inputs are observable, either directly or indirectly.

Level 3 – Prices or valuations that require inputs that are significant to the valuation and are unobservable.

A financial instrument's level within the fair value hierarchy is based on the lowest level of any input that is significant to the fair value measurement.


	December 31 2025		Fair Value Measurements
			Level 1		Level 2		NAV
	(Thousands of dollars)
Cash and cash equivalents	$	83,787	$	77,687	$	—	$	6,100
Kimberly-Clark Corporation stock	125,975		125,975		—		—
SDBA	443,750		441,026		2,724		—
Common collective trusts	4,779,382		—		—		4,779,382
Total Investments at Fair Value	$	5,432,894	$	644,688	$	2,724	$	4,785,482


	December 31 2024		Fair Value Measurements
			Level 1		Level 2		NAV
	(Thousands of dollars)
Cash and cash equivalents	$	79,546	$	74,554	$	—	$	4,992
Kimberly-Clark Corporation stock	162,609		162,609		—		—
SDBA	391,559		388,846		2,713		—
Common collective trusts	4,244,339		—		—		4,244,339
Total Investments at Fair Value	$	4,878,053	$	626,009	$	2,713	$	4,249,331

As of December 31, 2025 and 2024, there were no assets with a Level 3 fair value determination. The availability of observable market data is monitored to assess the appropriate classification of financial instruments within the fair value hierarchy. Changes in economic conditions or model-based valuation techniques may require the transfer of financial instruments from one fair value level to another. The Plan's policy is to recognize significant transfers between levels at the end of the year. The significance of transfers between levels is evaluated based upon the nature of the financial instrument and size of the transfer relative to total net assets available for benefits. During the years ended December 31, 2025 and 2024, there were no significant transfers between level 1 or 2 fair value determinations.

The following is a description of the valuation methodologies used for the Plan's investments measured at fair value. There have been no changes in the methodologies used at December 31, 2025 and 2024.

Cash and cash equivalents: The cash and cash equivalents include cash liquidity held in the SDBA. The valuation of the cash and cash equivalents is classified as level 1. Cash and cash equivalents also include cash associated with the K-C Stock Fund and the clearing account which are invested in a collective short-term investment fund. The fair value of the collective short-term investment fund is based on NAV as a practical expedient.

Kimberly-Clark Corporation stock: The K-C Stock Fund investments are held directly by the Plan. The fair value of the Corporation's common stock is determined based on the closing unadjusted quoted price as of the end of the year.

SDBA: The account consists primarily of mutual funds and common stocks that are valued on the basis of readily determinable market prices.

Collective funds: Composed of a money market fund, stable income fund, fixed income fund, equity funds and multi-asset class funds. The fair value of each fund is determined by multiplying the net asset value per unit by the number of units held by the Plan. The net asset value is based on the values of the underlying securities and cash held in the fund.

Note 4. NAV Per Share

The following table for December 31, 2025 and 2024, sets forth a summary of the Plan's investments with a reported NAV.

Fair Value Estimated Using NAV per Share

Investment

December 31 2025 Fair Value (a)

December 31 2024 Fair Value (a)

Unfunded Commitment

Redemption Frequency

Other Redemption Restrictions

Redemption Notice Period

(Thousands of dollars)

Short-term investment funds (b)

6,100

4,992

—

Daily

None

Daily

Fixed income funds (c)

820,553

791,150

—

Daily

None

Daily

Multi-asset class funds (d)

899,731

742,636

—

Daily

None

Daily

Equity index funds (e)

3,059,098

2,710,553

—

Daily

None

Daily

(a) The fair values of the investments have been estimated using the NAV of the investment.

(b) Short-term investment fund strategies seek to invest in high-quality, short-term securities which are included in cash and cash equivalents.

(c) The fixed income fund strategy seeks to replicate the Barclays Bloomberg U.S. Aggregate Bond Index or provide capital preservation and income.

(d) Multi-asset class funds are target date funds that seek to provide a diversified asset allocation consistent with the participants' current stage of life.

(e) Equity index fund strategies seek to replicate the return of an index of a specific financial market, such as the Russell 1000 Index or Russell 2000 Index.

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

The entire disclosure for fair value of investment held by employee stock purchase, saving, or similar plan (employee benefit plan (EBP)), including, but not limited to, fair value measured at net asset value per share as practical expedient (NAV).

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Fair Value Measurements

12 Months Ended

Dec. 31, 2025

EBP, Investment, Fair Value and NAV [Line Items]

Fair Value Measurements

Note 3. Fair Value Measurements

Level 1 – Unadjusted quoted prices in active markets accessible at the reporting date for identical assets and liabilities.

Level 3 – Prices or valuations that require inputs that are significant to the valuation and are unobservable.

A financial instrument's level within the fair value hierarchy is based on the lowest level of any input that is significant to the fair value measurement.


	December 31 2025		Fair Value Measurements
			Level 1		Level 2		NAV
	(Thousands of dollars)
Cash and cash equivalents	$	83,787	$	77,687	$	—	$	6,100
Kimberly-Clark Corporation stock	125,975		125,975		—		—
SDBA	443,750		441,026		2,724		—
Common collective trusts	4,779,382		—		—		4,779,382
Total Investments at Fair Value	$	5,432,894	$	644,688	$	2,724	$	4,785,482


	December 31 2024		Fair Value Measurements
			Level 1		Level 2		NAV
	(Thousands of dollars)
Cash and cash equivalents	$	79,546	$	74,554	$	—	$	4,992
Kimberly-Clark Corporation stock	162,609		162,609		—		—
SDBA	391,559		388,846		2,713		—
Common collective trusts	4,244,339		—		—		4,244,339
Total Investments at Fair Value	$	4,878,053	$	626,009	$	2,713	$	4,249,331

SDBA: The account consists primarily of mutual funds and common stocks that are valued on the basis of readily determinable market prices.

Note 4. NAV Per Share

The following table for December 31, 2025 and 2024, sets forth a summary of the Plan's investments with a reported NAV.

Fair Value Estimated Using NAV per Share

Investment

December 31 2025 Fair Value (a)

December 31 2024 Fair Value (a)

Unfunded Commitment

Redemption Frequency

Other Redemption Restrictions

Redemption Notice Period

(Thousands of dollars)

Short-term investment funds (b)

6,100

4,992

—

Daily

None

Daily

Fixed income funds (c)

820,553

791,150

—

Daily

None

Daily

Multi-asset class funds (d)

899,731

742,636

—

Daily

None

Daily

Equity index funds (e)

3,059,098

2,710,553

—

Daily

None

Daily

(a) The fair values of the investments have been estimated using the NAV of the investment.

(b) Short-term investment fund strategies seek to invest in high-quality, short-term securities which are included in cash and cash equivalents.

(c) The fixed income fund strategy seeks to replicate the Barclays Bloomberg U.S. Aggregate Bond Index or provide capital preservation and income.

(d) Multi-asset class funds are target date funds that seek to provide a diversified asset allocation consistent with the participants' current stage of life.

(e) Equity index fund strategies seek to replicate the return of an index of a specific financial market, such as the Russell 1000 Index or Russell 2000 Index.

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

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Statement of Changes in Net Assets Available for Benefits - EBP 016 - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024
Investment income:
Net appreciation in fair value of investments	$ 716,023	$ 638,665
Interest	8,695	10,442
Net investment income	741,453	664,821
Contributions:
Employee contributions	161,072	157,019
Employer profit sharing contributions	51,849	63,303
Employer matching contributions	65,496	68,285
Total contributions	278,417	288,607
Interest on notes receivable from participants	3,222	2,771
Total Net Additions	1,023,092	956,199
Deductions from Net Assets Available for Benefits
Benefits paid to participants	474,969	518,360
Administrative expenses	1,520	1,455
Total Deductions	476,489	519,815
Net Increase in Net Assets Available for Benefits	546,603	436,384
Beginning of Year	4,986,768	4,550,384
End of Year	5,533,371	4,986,768
Kimberly-Clark Corporation stock
Investment income:
Dividends	6,085	6,233
Deductions from Net Assets Available for Benefits
Benefits paid to participants	1,500
Self-Directed Brokerage Account ("SDBA")
Investment income:
Dividends	$ 10,650	$ 9,481

Schedule H, Line 4i – Schedule of Assets (Held At End of Year) (Details) - EBP 016 $ in Thousands	12 Months Ended
	Dec. 31, 2025 USD ($)
EBP, Schedule of Asset Held for Investment [Line Items]
Entity tax identification number	39-0394230
Plan number	016
Notes Receivable from participants	$ 39,018
Total Investments	$ 5,471,912
Minimum
EBP, Schedule of Asset Held for Investment [Line Items]
Interest rate	4.25%
Maximum
EBP, Schedule of Asset Held for Investment [Line Items]
Interest rate	9.50%
Investment, Identifier [Axis]: BlackRock
EBP, Schedule of Asset Held for Investment [Line Items]
Fair Value	$ 4,460,982
Investment, Identifier [Axis]: BlackRock \| LifePath Index 2030 Fund F \| Collective Funds
EBP, Schedule of Asset Held for Investment [Line Items]
Fair Value	80,433
Investment, Identifier [Axis]: BlackRock \| LifePath Index 2035 Fund F \| Collective Funds
EBP, Schedule of Asset Held for Investment [Line Items]
Fair Value	184,192
Investment, Identifier [Axis]: BlackRock \| LifePath Index 2040 Fund F \| Collective Funds
EBP, Schedule of Asset Held for Investment [Line Items]
Fair Value	98,184
Investment, Identifier [Axis]: BlackRock \| LifePath Index 2045 Fund F \| Collective Funds
EBP, Schedule of Asset Held for Investment [Line Items]
Fair Value	154,997
Investment, Identifier [Axis]: BlackRock \| LifePath Index 2050 Fund F \| Collective Funds
EBP, Schedule of Asset Held for Investment [Line Items]
Fair Value	92,204
Investment, Identifier [Axis]: BlackRock \| LifePath Index 2055 Fund F \| Collective Funds
EBP, Schedule of Asset Held for Investment [Line Items]
Fair Value	90,863
Investment, Identifier [Axis]: BlackRock \| LifePath Index 2060 Fund F \| Collective Funds
EBP, Schedule of Asset Held for Investment [Line Items]
Fair Value	44,445
Investment, Identifier [Axis]: BlackRock \| LifePath Index 2065 Fund F \| Collective Funds
EBP, Schedule of Asset Held for Investment [Line Items]
Fair Value	17,230
Investment, Identifier [Axis]: BlackRock \| LifePath Index 2070 Fund F \| Collective Funds
EBP, Schedule of Asset Held for Investment [Line Items]
Fair Value	1,281
Investment, Identifier [Axis]: BlackRock \| LifePath Index Target Conservative Fund F \| Collective Funds
EBP, Schedule of Asset Held for Investment [Line Items]
Fair Value	135,902
Investment, Identifier [Axis]: BlackRock \| MSCI ACWI ex-U.S. IMI Index Fund F \| Collective Funds
EBP, Schedule of Asset Held for Investment [Line Items]
Fair Value	638,742
Investment, Identifier [Axis]: BlackRock \| Russell 1000 Growth Index Fund F \| Collective Funds
EBP, Schedule of Asset Held for Investment [Line Items]
Fair Value	910,396
Investment, Identifier [Axis]: BlackRock \| Russell 1000 Index Fund F \| Collective Funds
EBP, Schedule of Asset Held for Investment [Line Items]
Fair Value	815,804
Investment, Identifier [Axis]: BlackRock \| Russell 1000 Value Index Fund F \| Collective Funds
EBP, Schedule of Asset Held for Investment [Line Items]
Fair Value	486,483
Investment, Identifier [Axis]: BlackRock \| Russell 2000 Index Fund F \| Collective Funds
EBP, Schedule of Asset Held for Investment [Line Items]
Fair Value	207,673
Investment, Identifier [Axis]: BlackRock \| U.S. Debt Index Fund F \| Collective Funds
EBP, Schedule of Asset Held for Investment [Line Items]
Fair Value	502,153
Investment, Identifier [Axis]: Columbia Management \| CT Money Market Fund Z \| Collective Funds
EBP, Schedule of Asset Held for Investment [Line Items]
Fair Value	122,285
Investment, Identifier [Axis]: Columbia Management \| CT Stable Government Fund Z \| Collective Funds
EBP, Schedule of Asset Held for Investment [Line Items]
Fair Value	53,907
Investment, Identifier [Axis]: Columbia Management \| CT Stable Income Fund Z \| Collective Funds
EBP, Schedule of Asset Held for Investment [Line Items]
Fair Value	142,208
Investment, Identifier [Axis]: Columbia Management, Collective Funds
EBP, Schedule of Asset Held for Investment [Line Items]
Fair Value	318,400
Investment, Identifier [Axis]: Fidelity \| Self-Directed Brokerage Account
EBP, Schedule of Asset Held for Investment [Line Items]
Fair Value	521,437
Investment, Identifier [Axis]: K-C \| Kimberly-Clark Corporation Common Stock
EBP, Schedule of Asset Held for Investment [Line Items]
Fair Value	125,975
Investment, Identifier [Axis]: The Northern Trust \| Collective Government Short-Term Investment Fund \| Collective Fund
EBP, Schedule of Asset Held for Investment [Line Items]
Fair Value	6,100
Investment, Identifier [Axis]: The Northern Trust, Collective Fund
EBP, Schedule of Asset Held for Investment [Line Items]
Fair Value	$ 6,100

Reconciliation of Financial Statements to Form 5500 - Reconciliation of Net Assets Available for Benefit (Details) - EBP 016 - USD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
EBP, Reconciliation of Financial Statement to Form 5500 [Line Items]
Net Assets Available for Benefits	$ 5,533,371	$ 4,986,768	$ 4,550,384
Less: Deemed distributions from outstanding participant loans with no repayment	(1,181)	(1,162)
Less: Benefit payments requested by participants	(141)	(14)
Net assets available for benefits per Form 5500	$ 5,532,049	$ 4,985,592

Amount of asset less liability available to pay benefit of participant in employee stock purchase, saving, or similar plan (employee benefit plan (EBP)), including, but not limited to, aggregation of participants' individual account balances.

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 962
-SubTopic 325
-Name Accounting Standards Codification
-Section 45
-Paragraph 8
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477509/962-325-45-8

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-1

Reference 3: http://www.xbrl.org/2003/role/exampleRef
-Topic 962
-SubTopic 325
-Name Accounting Standards Codification
-Section 55
-Paragraph 18
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478873/962-325-55-18

Reference 4: http://www.xbrl.org/2003/role/exampleRef
-Topic 962
-SubTopic 325
-Name Accounting Standards Codification
-Section 55
-Paragraph 17
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478873/962-325-55-17

Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 962
-SubTopic 205
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6A-05(a)(Schedule II))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477804/962-205-S99-1

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 962
-SubTopic 40
-Name Accounting Standards Codification
-Section 25
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479750/962-40-25-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 962
-SubTopic 205
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6A-04(7))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477804/962-205-S99-1

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 962
-SubTopic 205
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6A-04(6))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477804/962-205-S99-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 962
-SubTopic 205
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6A-03(9))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477804/962-205-S99-1

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 962
-SubTopic 205
-Name Accounting Standards Codification
-Section 45
-Paragraph 2
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477063/962-205-45-2

NAV Per Share (Tables)

12 Months Ended

Dec. 31, 2025

EBP, Investment, Fair Value and NAV [Line Items]

EBP, Investment, Fair Value and NAV


	December 31 2025		Fair Value Measurements
			Level 1		Level 2		NAV
	(Thousands of dollars)
Cash and cash equivalents	$	83,787	$	77,687	$	—	$	6,100
Kimberly-Clark Corporation stock	125,975		125,975		—		—
SDBA	443,750		441,026		2,724		—
Common collective trusts	4,779,382		—		—		4,779,382
Total Investments at Fair Value	$	5,432,894	$	644,688	$	2,724	$	4,785,482


	December 31 2024		Fair Value Measurements
			Level 1		Level 2		NAV
	(Thousands of dollars)
Cash and cash equivalents	$	79,546	$	74,554	$	—	$	4,992
Kimberly-Clark Corporation stock	162,609		162,609		—		—
SDBA	391,559		388,846		2,713		—
Common collective trusts	4,244,339		—		—		4,244,339
Total Investments at Fair Value	$	4,878,053	$	626,009	$	2,713	$	4,249,331

The following table for December 31, 2025 and 2024, sets forth a summary of the Plan's investments with a reported NAV.

Fair Value Estimated Using NAV per Share

Investment

December 31 2025 Fair Value (a)

December 31 2024 Fair Value (a)

Unfunded Commitment

Redemption Frequency

Other Redemption Restrictions

Redemption Notice Period

(Thousands of dollars)

Short-term investment funds (b)

6,100

4,992

—

Daily

None

Daily

Fixed income funds (c)

820,553

791,150

—

Daily

None

Daily

Multi-asset class funds (d)

899,731

742,636

—

Daily

None

Daily

Equity index funds (e)

3,059,098

2,710,553

—

Daily

None

Daily

(a) The fair values of the investments have been estimated using the NAV of the investment.

(b) Short-term investment fund strategies seek to invest in high-quality, short-term securities which are included in cash and cash equivalents.

(c) The fixed income fund strategy seeks to replicate the Barclays Bloomberg U.S. Aggregate Bond Index or provide capital preservation and income.

(d) Multi-asset class funds are target date funds that seek to provide a diversified asset allocation consistent with the participants' current stage of life.

(e) Equity index fund strategies seek to replicate the return of an index of a specific financial market, such as the Russell 1000 Index or Russell 2000 Index.