Kimberly-Clark Corporation reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2015. For the quarter, the company reported net sales of $4,539 million compared to $4,828 million a year ago. Operating profit was $630 million compared to $158 million a year ago. Income from continuing operations before income taxes and equity interests was $559 million compared to $94 million a year ago. Income from continuing operations was $344 million or $0.91 per diluted share compared to loss from continuing operations of $48 million or $0.18 per diluted share a year ago. Net income attributable to the company was $333 million or $0.91 per diluted share compared to net loss attributable to the company of $83 million or $0.22 per diluted share a year ago. Non-GAAP operating profit was $779 million compared to $769 million a year ago. Non-GAAP income from continuing operations before income taxes and equity interests was $708 million compared to $705 million a year ago. Non-GAAP net income attributable to the company was $517 million or $1.42 per diluted share compared to $505 million or $1.35 per diluted share a year ago. Cash provided by operations was $665 million against $590 million a year ago. Capital spending was $258 million against $309 million a year ago.

For the year, the company reported net sales of $18,591 million compared to $19,724 million a year ago. Operating profit was $1,613 million compared to $2,521 million a year ago. Income from continuing operations before income taxes and equity interests was $917 million compared to $1,399 million a year ago. Income from continuing operations was $1,066 million or $2.77 per diluted share compared to $1,545 million or $3.91 per diluted share a year ago. Net income attributable to the company was $1,013 million or $2.77 per diluted share compared to $1,526 million or $4.04 per diluted share a year ago. Non-GAAP operating profit was $3,210 million compared to $3,184 million a year ago. Non-GAAP income from continuing operations before income taxes and equity interests was $2,932 million compared to $2,918 million a year ago. Non-GAAP net income attributable to the company was $2,109 million or $5.76 per diluted share compared to $2,080 million or $5.51 per diluted share a year ago. Cash provided by operations was $2,306 million against $2,845 million a year ago. Capital spending was $1,050 million against $770 million a year ago.

For the fourth quarter ended December 31, 2015, the company reported asset impairments of $2 million.

The company provided earnings guidance for the year 2016. For the year, the company expects net sales in a range of down 3% to even with the prior year. The company expects adjusted operating profit growth of 2% to 5%. Net income from equity companies similar to or up somewhat compared to 2015's level. The company expects adjusted effective tax rate between 30.5% and 32.5%. The quarterly adjusted effective tax rate in 2016 could vary more than in 2015. The company expects adjusted earnings per share of $5.95 to $6.15, up 3% to 7% versus $5.76 in 2015. Capital spending is expected to be in a range of $950 to $1,050 million.