March 27 (Reuters) - Consumer goods maker Kimberly-Clark said on Wednesday it would reorganize into three business units as it looks to simplify operations and cut costs.

The company said it would incur about $1.5 billion in one-time restructuring and reorganization costs over the next three years.

Kimberly-Clark's reorganized segments will include its business in North America, the international personal care segment and the international family care and professional businesses.

The company said it expects to complete its transition to the new organizational structure by the end of 2024. The actions are expected to generate about $200 million of selling, general and administrative savings in the next few years.

Kimberly-Clark also said its planned supply chain modernization is expected to generate more than $3 billion in gross productivity and $500 million in working capital savings that will be used for growth investments. (Reporting by Granth Vanaik in Bengaluru; Editing by Shilpi Majumdar and Shinjini Ganguli)