Risk Sleuth
KMB · 10-K filed 12 Feb 2026 · year to 31 Dec 2025

Kimberly-Clark

19 named things its latest annual report says its results depend on, each in the company's own words. 12 of them are also named by other companies we've read.

Customers

Walmart Inc.

earns from · approximately 16% in 2025
Our largest customer, Walmart Inc., represented approximately 16% in 2025 and 2024 and 15% in 2023 of our net sales from continuing operations.Business (Item 1)

Also named by CAG, CALM, CHD, CL, CPB, GIS, HAS, HRL and 9 more

Suppliers

Sole-source suppliers

depends onnamed as a risk
We have a complex network of suppliers, including a number of sole-source and single-source suppliers for certain commodities and raw material inputs.Risk factors (Item 1A)

Also named by AVAV, AYI, BA, BDX, HII, IONQ, LHX, NOC and 6 more

Partners and platforms

Suzano S.A.

approximately $1.7 billion
At the time of closing, which is expected to take place in mid-2026 and will only take place following the satisfaction of consultation requirements and customary closing conditions, including obtaining required regulatory approvals, Buyer will acquire a 51% interest in the Joint Venture for a purchase price of approximately $1.7 billion, subject to certain closing adjustments set forth in the Purchase Agreement, and we will retain a 49% equity interest (the "IFP Transaction").Business (Item 1)

Other companies

Kenvue, Inc.

approximately $6.7 billionnamed as a risk
In total, we expect approximately 280 million shares of common stock to be issued and approximately $6.7 billion to be paid for the Merger Consideration.Business (Item 1)

Commercial paper market

depends onnamed as a risk
We regularly access the commercial paper market for ongoing funding requirements.Risk factors (Item 1A)

Also named by CAG, CAT, CPB, MO, ROK

Places

Markets outside the U.S.

earns from · About half of our net salesnamed as a risk
About half of our net sales come from markets outside the U.S.Risk factors (Item 1A)

Russia

operates innamed as a risk
The war between Russia and Ukraine has negatively impacted, and may continue to negatively impact, our operations in Russia and the surrounding region.Risk factors (Item 1A)

Also named by ALSN, ATR, AVY, AXP, BKR, BSX, C, CDNA and 50 more

China

operates innamed as a risk
Our strategy includes operations growth outside the U.S., especially in developing markets such as China, Eastern Europe, ASEAN and Latin America.Risk factors (Item 1A)

Also named by A, AA, AAOI, AAP, AAPL, AB, ADI, AEHR and 261 more

Argentina

operates in
Our operations in Argentina ("K-C Argentina") are reported using highly inflationary accounting and their functional currency is the U.S. dollar.Market risk (Item 7A)

Also named by BALL, C, ECL, FISV, GMED, INGR, JNJ, MDLZ and 6 more

Türkiye

operates in
As of April 1, 2022, we adopted highly inflationary accounting for our operations in Türkiye (“K-C Türkiye”), and their functional currency is also the U.S. dollar.Market risk (Item 7A)

Also named by LMT, MDLZ

Commodities and inputs

Natural gas

exposed to its pricenamed as a risk
Our manufacturing operations utilize electricity, natural gas and petroleum-based fuels.Risk factors (Item 1A)

Also named by AA, ADM, AEE, AEP, AES, AESI, AGX, ALB and 132 more

Pulp

exposed to its pricenamed as a risk
We are subject to commodity price risk, the most significant of which relates to the price of pulp and petroleum-based materials.Market risk (Item 7A)

Also named by CL, KVUE, PG

Petroleum-based materials

exposed to its pricenamed as a risk
These materials are subject to price fluctuations based on changes in petroleum prices, availability and other factors, with these prices experiencing significant volatility in recent years.Risk factors (Item 1A)

Also named by AXON, PHM

Cellulose fiber (kraft pulp and recycled fiber)

exposed to its pricenamed as a risk
Cellulose fiber, in the form of kraft pulp or recycled fiber from recovered waste paper, is used extensively in our tissue products and is subject to significant price fluctuations.Risk factors (Item 1A)

Fluff pulp

depends onnamed as a risk
Cellulose fiber, in the form of fluff pulp, is a key component in our disposable diapers, training and youth pants, feminine and incontinence care products, and other related products.Risk factors (Item 1A)

Polypropylene

depends on
Polypropylene and other synthetics and chemicals are the primary raw materials for manufacturing nonwoven fabrics, which are used in disposable diapers, training and youth pants, wet wipes, feminine pads, incontinence care products, and professional wipers and apparel.Business (Item 1)

Superabsorbent materials

depends on
Superabsorbent materials are important components of disposable diapers, training and youth pants and incontinence care products.Business (Item 1)

Laws and programs

Tariffs

subject tonamed as a risk
The imposition of increased or new tariffs, sanctions, export controls, quotas, trade barriers, price floors or similar restrictions on our sales or key commodities, potential changes in U.S. trade programs and trade relations with other countries, or regulations, taxes or policies that might negatively affect our sales or profitability.Risk factors (Item 1A)

Also named by A, AAPL, ACHR, ADI, AEHR, AEP, AIOT, AKAM and 170 more

Technology

SAP

depends onnamed as a risk
We are in the process of upgrading our enterprise resource planning system (known as SAP) to enhance operating efficiencies and provide more effective management of our business operations.Risk factors (Item 1A)

Also named by CTAS, DOCU, GXO, IBM, NOW, PTC, RMNI