v3.26.1
Subsequent Events
6 Months Ended
Jun. 30, 2026
Subsequent Events [Abstract]  
Subsequent Events Subsequent Events
On July 1, 2026, all consultation requirements and customary closing conditions set forth in the Purchase Agreement were satisfied and the IFP Transaction was completed for a cash purchase price of approximately $1.3 billion, subject to certain post-closing adjustments. A portion of the cash proceeds is expected to be attributed to a long-term license granted to the Joint Venture for the use of certain of Kimberly-Clark’s global brands, patents, and know-how in manufacturing. We also retained a 49% equity interest in the Joint Venture, with an initial estimated fair value of approximately $1.2 billion.
Based on preliminary estimates, we expect to recognize a pre-tax gain of more than $1.0 billion within our results from discontinued operations in the third quarter of 2026.