Balance Sheet: Liabilities and Stockholders’ Equity

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

United Parcel Service Inc., consolidated balance sheet: liabilities and stockholders’ equity

US$ in millions

	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Current maturities of long-term debt, commercial paper and finance leases	3,348)	2,341)	2,131)	2,623)	3,420)
Current maturities of operating leases	709)	621)	580)	560)	538)
Accounts payable	6,340)	7,512)	7,523)	6,455)	5,555)
Accrued wages and withholdings	3,224)	4,049)	3,819)	3,569)	2,552)
Self-insurance reserves	1,320)	1,069)	1,048)	1,085)	914)
Accrued group welfare and retirement plan contributions	1,479)	1,076)	1,038)	927)	793)
Liabilities to be disposed of	—)	—)	—)	347)	—)
Other current liabilities	1,256)	1,472)	1,430)	1,450)	1,641)
Current liabilities	17,676)	18,140)	17,569)	17,016)	15,413)
Long-term debt and finance leases, excluding current maturities	18,916)	17,321)	19,784)	22,031)	21,818)
Non-current operating leases	3,756)	3,238)	3,033)	2,540)	2,391)
Pension and postretirement benefit obligations	6,159)	4,807)	8,047)	15,817)	10,601)
Deferred income tax liabilities	3,772)	4,302)	3,125)	488)	1,632)
Other non-current liabilities	3,264)	3,513)	3,578)	3,847)	2,719)
Non-current liabilities	35,867)	33,181)	37,567)	44,723)	39,161)
Total liabilities	53,543)	51,321)	55,136)	61,739)	54,574)
Class A common stock	2)	2)	2)	2)	2)
Class B common stock	7)	7)	7)	7)	7)
Additional paid-in capital	—)	—)	1,343)	865)	150)
Retained earnings	21,055)	21,326)	16,179)	6,896)	9,105)
Accumulated other comprehensive loss	(3,758)	(1,549)	(3,278)	(7,113)	(5,997)
Deferred compensation obligations	9)	13)	16)	20)	26)
Treasury stock	(9)	(13)	(16)	(20)	(26)
Equity for controlling interests	17,306)	19,786)	14,253)	657)	3,267)
Noncontrolling interests	8)	17)	16)	12)	16)
Total shareowners’ equity	17,314)	19,803)	14,269)	669)	3,283)
Total liabilities and shareowners’ equity	70,857)	71,124)	69,405)	62,408)	57,857)

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

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Balance sheet item	Description	The company
Current liabilities	Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer.	United Parcel Service Inc. current liabilities increased from 2021 to 2022 but then slightly decreased from 2022 to 2023 not reaching 2021 level.
Non-current liabilities	Amount of obligation due after one year or beyond the normal operating cycle, if longer.	United Parcel Service Inc. non-current liabilities decreased from 2021 to 2022 but then increased from 2022 to 2023 not reaching 2021 level.
Total liabilities	Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future.	United Parcel Service Inc. total liabilities decreased from 2021 to 2022 but then increased from 2022 to 2023 not reaching 2021 level.
Equity for controlling interests	Total of all stockholders’ equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity stockholders’ equity attributable to the parent excludes the amount of stockholders’ equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity.	United Parcel Service Inc. equity for controlling interests increased from 2021 to 2022 but then slightly decreased from 2022 to 2023.

United Parcel Service Inc. (NYSE:UPS)

Balance Sheet: Liabilities and Stockholders’ Equity