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.

Marriott International Inc., consolidated balance sheet: liabilities and stockholders’ equity

US$ in millions

	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016	Dec 31, 2015
Current portion of long-term debt	977)	833)	398)	309)	300)
Accounts payable	720)	767)	780)	687)	593)
Accrued payroll and benefits	1,339)	1,345)	1,227)	1,174)	861)
Liability for guest loyalty program	2,258)	2,529)	2,064)	1,866)	952)
Accrued expenses and other	1,383)	963)	1,541)	1,111)	527)
Current liabilities	6,677)	6,437)	6,010)	5,147)	3,233)
Long-term debt, excluding current portion	9,963)	8,514)	7,840)	8,197)	3,807)
Liability for guest loyalty program	3,460)	2,932)	2,876)	2,675)	1,622)
Deferred tax liabilities	290)	485)	604)	1,020)	16)
Deferred revenue	840)	731)	—)	—)	—)
Noncurrent operating lease liabilities	882)	—)	—)	—)	—)
Other noncurrent liabilities	2,236)	2,372)	2,887)	1,744)	994)
Noncurrent liabilities	17,671)	15,034)	14,207)	13,636)	6,439)
Total liabilities	24,348)	21,471)	20,217)	18,783)	9,672)
Class A Common Stock	5)	5)	5)	5)	5)
Additional paid-in-capital	5,800)	5,814)	5,770)	5,808)	2,821)
Retained earnings	9,644)	8,982)	7,391)	6,501)	4,878)
Treasury stock, at cost	(14,385)	(12,185)	(9,418)	(6,460)	(11,098)
Accumulated other comprehensive loss	(361)	(391)	(17)	(497)	(196)
Shareholders’ equity (deficit)	703)	2,225)	3,731)	5,357)	(3,590)
Liabilities and shareholders’ equity (deficit)	25,051)	23,696)	23,948)	24,140)	6,082)

Based on: 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31).

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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.	Marriott International Inc. current liabilities increased from 2017 to 2018 and from 2018 to 2019.
Noncurrent liabilities	Amount of obligation due after one year or beyond the normal operating cycle, if longer.	Marriott International Inc. noncurrent liabilities increased from 2017 to 2018 and from 2018 to 2019.
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.	Marriott International Inc. total liabilities increased from 2017 to 2018 and from 2018 to 2019.
Shareholders’ equity (deficit)	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.	Marriott International Inc. shareholders’ equity (deficit) decreased from 2017 to 2018 and from 2018 to 2019.

Marriott International Inc. (NASDAQ:MAR)

Balance Sheet: Liabilities and Stockholders’ Equity