KMB · 10-Q · 2026Q3 · Full report

U.S. Tax Law Changes

KIMBERLY CLARK CORP · 2026-11-05 · Importance 44 · Surprise 46

Kimberly-Clark attributed lower effective tax rates in the three and nine months ended September 30, 2026 partly to prior-year incremental tax charges under the One Big Beautiful Bill Act (OBBBA), which resulted from a valuation allowance on U.S. foreign tax credits. The reported effective tax rate was 20.2% for the quarter and 27.5% year to date, compared with 45.4% and 30.6% in the prior-year periods. Management said current-year benefits from certain tax initiatives also contributed to the decreases.