Global scale with broad geographic diversity; Very good product diversity; Leading market positions with well-established brands; and Consistent and strong free cash flow generation. Meaningful commodity cost exposure; Highly competitive end markets requiring ongoing investment into innovative products and faster-growing markets; and Sensitivity to consumers trading down in certain categories. The investment-grade ratings on Dallas-based Kimberly-Clark Corp., a global manufacturer and marketer of household and personal care products, reflects its strong business profile, and its intermediate financial risk profile. Standard&Poor's Ratings Services' view that Kimberly-Clark's business risk profile is strong is based on the diversity and strength of the company's product portfolio, in addition to its well-established brands and very good market positions globally. The company's exposure to
