Changes in foreign currency exchange rates reduced sales 11% as a result of the weakening of most currencies relative to the U.S. dollar. Organic sales rose 5%, as volumes increased 4% and net selling prices improved 1%.
4Q operating profit was $630 million in 2015 and $158 million in 2014. Adjusted operating profit was $779 million in the 4Q 2015 compared to $769 million in the year-ago period.
FY 2015 sales of $18.6 billion decreased 6% compared to the year-ago period, as changes in foreign currency exchange rates reduced sales more than 10%. Organic sales rose approximately 5%, as volumes increased 4% and product mix/other was favorable by 1%.
Operating profit was $1,613 million in 2015 versus $2,521 million in 2014. Adjusted operating profit of $3,210 million in 2015 increased 1% compared to $3,184 million in 2014.
Kimberly-Clark Corporation is an American personal care corporation that produces mostly paper-based consumer products.
