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.

Kraft Foods Group Inc., consolidated balance sheet: liabilities and stockholders’ equity

US$ in millions

	Dec 27, 2014	Dec 28, 2013	Dec 29, 2012
Current portion of long-term debt	1,405)	4)	5)
Accounts payable	1,537)	1,548)	1,556)
Accrued marketing	511)	685)	740)
Accrued employment costs	163)	184)	194)
Dividends payable	324)	313)	296)
Accrued postretirement health care costs	192)	197)	236)
Other current liabilities	641)	479)	579)
Current liabilities	4,773)	3,410)	3,606)
Long-term debt, excluding current portion	8,627)	9,976)	9,966)
Deferred income taxes	340)	662)	288)
Accrued pension costs	1,105)	405)	1,990)
Accrued postretirement health care costs	3,399)	3,080)	3,502)
Other liabilities	338)	428)	405)
Noncurrent liabilities	13,809)	14,551)	16,151)
Total liabilities	18,582)	17,961)	19,757)
Common stock, no par value	—)	—)	—)
Additional paid-in capital	4,678)	4,434)	4,240)
Retained earnings (deficit)	1,045)	1,281)	(206)
Accumulated other comprehensive losses	(562)	(499)	(460)
Treasury stock, at cost	(796)	(29)	(2)
Equity	4,365)	5,187)	3,572)
Total liabilities and equity	22,947)	23,148)	23,329)

Based on: 10-K (reporting date: 2014-12-27), 10-K (reporting date: 2013-12-28), 10-K (reporting date: 2012-12-29).

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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.	Kraft Foods Group Inc. current liabilities decreased from 2012 to 2013 but then increased from 2013 to 2014 exceeding 2012 level.
Noncurrent liabilities	Amount of obligation due after one year or beyond the normal operating cycle, if longer.	Kraft Foods Group Inc. noncurrent liabilities decreased from 2012 to 2013 and from 2013 to 2014.
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.	Kraft Foods Group Inc. total liabilities decreased from 2012 to 2013 but then slightly increased from 2013 to 2014.
Equity	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.	Kraft Foods Group Inc. equity increased from 2012 to 2013 but then slightly decreased from 2013 to 2014 not reaching 2012 level.

Kraft Foods Group Inc. (NASDAQ:KRFT)

Balance Sheet: Liabilities and Stockholders’ Equity