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.

Coca-Cola Co., consolidated balance sheet: liabilities and stockholders’ equity

US$ in millions

	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
Accounts payable	5,307)	4,602)	3,517)	3,804)	2,498)
Accrued marketing expenses	2,778)	2,830)	1,930)	2,059)	1,787)
Accrued compensation	1,087)	1,051)	609)	1,021)	894)
Variable consideration payable	934)	1,118)	1,137)	979)	—)
Other accrued expenses	5,643)	5,018)	3,952)	3,449)	3,753)
Accounts payable and accrued expenses	15,749)	14,619)	11,145)	11,312)	8,932)
Loans and notes payable	2,373)	3,307)	2,183)	10,994)	13,194)
Current maturities of long-term debt	399)	1,338)	485)	4,253)	4,997)
Accrued income taxes	1,203)	686)	788)	414)	378)
Liabilities held for sale, discontinued operations	—)	—)	—)	—)	1,722)
Current liabilities	19,724)	19,950)	14,601)	26,973)	29,223)
Long-term debt, excluding current maturities	36,377)	38,116)	40,125)	27,516)	25,364)
Other noncurrent liabilities	7,922)	8,607)	9,453)	8,510)	7,638)
Deferred income tax liabilities	2,914)	2,821)	1,833)	2,284)	1,933)
Noncurrent liabilities	47,213)	49,544)	51,411)	38,310)	34,935)
Total liabilities	66,937)	69,494)	66,012)	65,283)	64,158)
Common stock, $0.25 par value	1,760)	1,760)	1,760)	1,760)	1,760)
Capital surplus	18,822)	18,116)	17,601)	17,154)	16,520)
Reinvested earnings	71,019)	69,094)	66,555)	65,855)	63,234)
Accumulated other comprehensive loss	(14,895)	(14,330)	(14,601)	(13,544)	(12,814)
Treasury stock, at cost	(52,601)	(51,641)	(52,016)	(52,244)	(51,719)
Equity attributable to shareowners of The Coca-Cola Company	24,105)	22,999)	19,299)	18,981)	16,981)
Equity attributable to noncontrolling interests	1,721)	1,861)	1,985)	2,117)	2,077)
Total equity	25,826)	24,860)	21,284)	21,098)	19,058)
Total liabilities and equity	92,763)	94,354)	87,296)	86,381)	83,216)

Based on: 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), 10-K (reporting date: 2018-12-31).

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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.	Coca-Cola Co. current liabilities increased from 2020 to 2021 but then slightly decreased from 2021 to 2022.
Noncurrent liabilities	Amount of obligation due after one year or beyond the normal operating cycle, if longer.	Coca-Cola Co. noncurrent liabilities decreased from 2020 to 2021 and from 2021 to 2022.
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.	Coca-Cola Co. total liabilities increased from 2020 to 2021 but then slightly decreased from 2021 to 2022 not reaching 2020 level.
Equity attributable to shareowners of The Coca-Cola Company	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.	Coca-Cola Co. equity attributable to shareowners of The Coca-Cola Company increased from 2020 to 2021 and from 2021 to 2022.

Coca-Cola Co. (NYSE:KO)

Balance Sheet: Liabilities and Stockholders’ Equity