KMB · 10-Q · 2026Q3 · Full report

IFP Transaction

KIMBERLY CLARK CORP · 2026-11-05 · Importance 65 · Surprise 60 · In source text

Kimberly-Clark completed the IFP Transaction on July 1, 2026, contributing substantially all assets and liabilities of its former IFP segment to the Arbex Joint Venture with Suzano. Suzano’s wholly owned subsidiary acquired a 51% interest for approximately $1.3 billion in cash, subject to post-closing adjustments, while Kimberly-Clark retained 49%. Beginning in the third quarter of 2026, Kimberly-Clark reports its share of the joint venture’s income in share of net income of equity companies.

Key facts

• At the IFP closing, Buyer acquired a 51% interest in the Arbex Joint Venture for approximately $1.3 billion cash, subject to post-closing adjustments; Kimberly-Clark retained a 49% equity interest. source
• Income from discontinued operations for the three and nine months ended September 30, 2026 was $1.4 billion, primarily reflecting an approximately $1.4 billion pre-tax gain on completion of the IFP Transaction. source
• Beginning in the third quarter of 2026, Kimberly-Clark reports its share of Arbex Joint Venture income in Share of net income of equity companies. source
• Kimberly-Clark completed the IFP Transaction on July 1, 2026, after consultation requirements and customary closing conditions were satisfied. source
• Kimberly-Clark's share of Arbex Joint Venture net loss was $20 million for the three months ended September 30, 2026, including $51 million pre-tax ($38 million after-tax) in acquisition accounting and restructuring charges. source
• Nine-month 2026 discontinued-operation results included $104 million of net tax charges related to reorganization activities associated with the IFP Transaction. source

Impact estimates