Procter & Gamble Co. (PG) | Statement of Financial Position, Liabilities and Stockholders' Equity

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The statement of financial position provides creditors, investors, and analysts with information on company's resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company's 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.

Procter & Gamble Co., Consolidated Statement of Financial Position, Liabilities and Stockholders' Equity

USD $ in millions

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    Jun 30, 2011 Jun 30, 2010 Jun 30, 2009 Jun 30, 2008 Jun 30, 2007 Jun 30, 2006
chart Accounts payable 8,022  7,251  5,980  6,775  5,710  4,910 
chart Marketing and promotion 3,058  2,857  2,378  2,760  2,538  2,357 
chart Compensation expenses 1,874  1,822  1,464  1,527  1,390  1,471 
chart Accrued Gillette exit costs – – 111  257  608  929 
chart Taxes payable 786  622  722  945  3,382  3,360 
chart Legal and environmental 885  500  – – – –
chart Other 2,687  2,758  3,926  5,610  5,050  4,830 
chart Accrued and other liabilities 9,290  8,559  8,601  11,099  12,968  12,947 
chart Debt due within one year 9,981  8,472  16,320  13,084  12,039  2,128 
chart Current liabilities 27,293  24,282  30,901  30,958  30,717  19,985 
chart Long-term debt 22,033  21,360  20,652  23,581  23,375  35,976 
chart Deferred income taxes 11,070  10,902  10,752  11,805  12,015  12,354 
chart Pension benefits 4,388  4,701  3,798  3,146  2,898  2,550 
chart Other postretirement benefits 1,887  1,915  1,516  512  503  374 
chart Uncertain tax positions 2,326  2,381  2,705  3,075  – –
chart Other 1,356  1,192  1,127  1,421  1,746  1,548 
chart Other noncurrent liabilities 9,957  10,189  9,146  8,154  5,147  4,472 
chart Noncurrent liabilities 43,060  42,451  40,550  43,540  40,537  52,802 
chart Total liabilities 70,353  66,733  71,451  74,498  71,254  72,787 
chart Convertible Class A preferred stock, stated value $1 per share 1,234  1,277  1,324  1,366  1,406  1,451 
chart Non-Voting Class B preferred stock, stated value $1 per share – – – – – –
chart Common stock, stated value $1 per share 4,008  4,008  4,007  4,002  3,990  3,976 
chart Additional paid-in capital 62,405  61,697  61,118  60,307  59,030  57,856 
chart Reserve for ESOP debt retirement (1,357) (1,350) (1,340) (1,325) (1,308) (1,288)
chart Accumulated other comprehensive income (loss) (2,054) (7,822) (3,358) 3,746  617  (518)
chart Treasury stock, at cost (67,278) (61,309) (55,961) (47,588) (38,772) (34,235)
chart Retained earnings 70,682  64,614  57,309  48,986  41,797  35,666 
chart Stockholders' equity attributable to parent 67,640  61,115  63,099  69,494  66,760  62,908 
chart Noncontrolling interest 361  324  283  – – –
chart Total stockholders' equity 68,001  61,439  63,382  69,494  66,760  62,908 
chart Total liabilities and stockholders' equity 138,354  128,172  134,833  143,992  138,014  135,695 
Source: Procter & Gamble Co., Annual Reports
Item Description The company
Accounts payable Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). Procter & Gamble Co.'s accounts payable increased from 2009 to 2010 and from 2010 to 2011.
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. Procter & Gamble Co.'s current liabilities declined from 2009 to 2010 but then slightly increased from 2010 to 2011.
Noncurrent liabilities Total obligations incurred as part of normal operations that is expected to be repaid beyond the following twelve months or one business cycle. Procter & Gamble Co.'s noncurrent liabilities increased from 2009 to 2010 and from 2010 to 2011.
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. Procter & Gamble Co.'s total liabilities declined from 2009 to 2010 but then increased from 2010 to 2011 not reaching 2009 level.
Stockholders' equity attributable to parent 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's 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). Procter & Gamble Co.'s stockholders' equity attributable to parent declined from 2009 to 2010 but then increased from 2010 to 2011 exceeding 2009 level.
Total stockholders' equity Total of Stockholders' Equity (deficit) items, net of receivables from officers, directors owners, and affiliates of the entity including portions attributable to both the parent and noncontrolling interests (previously referred to as minority interest), if any. The entity including portions attributable to the parent and noncontrolling interests is sometimes referred to as the economic entity. Procter & Gamble Co.'s total stockholders' equity declined from 2009 to 2010 but then increased from 2010 to 2011 exceeding 2009 level.

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