Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data

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 (quarterly data)

US$ in millions

	Jun 27, 2025	Mar 28, 2025	Dec 31, 2024	Sep 27, 2024	Jun 28, 2024	Mar 29, 2024	Dec 31, 2023	Sep 29, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jul 1, 2022	Apr 1, 2022	Dec 31, 2021	Oct 1, 2021	Jul 2, 2021	Apr 2, 2021	Dec 31, 2020	Sep 25, 2020	Jun 26, 2020	Mar 27, 2020
Accounts payable and accrued expenses	17,030)	16,499)	21,715)	23,820)	21,909)	19,425)	15,485)	16,837)	16,483)	15,593)	15,749)	16,103)	14,213)	13,272)	14,619)	12,830)	12,124)	10,929)	11,145)	12,750)	11,668)	12,640)
Loans and notes payable	4,379)	5,418)	1,499)	2,203)	3,793)	6,054)	4,557)	3,915)	4,828)	5,455)	2,373)	3,396)	4,358)	3,610)	3,307)	1,866)	1,867)	1,933)	2,183)	5,857)	9,423)	13,657)
Current maturities of long-term debt	91)	163)	648)	1,067)	1,939)	1,392)	1,960)	2,080)	1,171)	811)	399)	729)	788)	1,039)	1,338)	448)	337)	2,880)	485)	7,508)	5,181)	5,642)
Accrued income taxes	444)	1,728)	1,387)	1,479)	1,622)	1,485)	1,569)	1,577)	1,633)	1,498)	1,203)	1,211)	1,172)	866)	686)	846)	971)	744)	788)	776)	576)	458)
Current liabilities	21,944)	23,808)	25,249)	28,569)	29,263)	28,356)	23,571)	24,409)	24,115)	23,357)	19,724)	21,439)	20,531)	18,787)	19,950)	15,990)	15,299)	16,486)	14,601)	26,891)	26,848)	32,397)
Long-term debt, excluding current maturities	44,976)	43,530)	42,375)	42,994)	38,085)	35,104)	35,547)	34,176)	35,626)	36,134)	36,377)	35,462)	36,755)	37,052)	38,116)	39,394)	39,804)	40,170)	40,125)	39,502)	37,729)	31,094)
Other noncurrent liabilities	4,856)	4,313)	4,084)	4,257)	4,077)	5,465)	8,466)	8,427)	8,449)	7,874)	7,922)	8,010)	8,046)	8,252)	8,607)	8,401)	8,350)	8,558)	9,453)	8,530)	8,954)	8,832)
Deferred income tax liabilities	2,375)	2,311)	2,469)	2,292)	2,366)	2,521)	2,639)	2,733)	2,714)	3,171)	2,914)	3,124)	3,034)	3,132)	2,821)	2,688)	2,486)	2,447)	1,833)	1,945)	1,969)	1,856)
Noncurrent liabilities	52,207)	50,154)	48,928)	49,543)	44,528)	43,090)	46,652)	45,336)	46,789)	47,179)	47,213)	46,596)	47,835)	48,436)	49,544)	50,483)	50,640)	51,175)	51,411)	49,977)	48,652)	41,782)
Total liabilities	74,151)	73,962)	74,177)	78,112)	73,791)	71,446)	70,223)	69,745)	70,904)	70,536)	66,937)	68,035)	68,366)	67,223)	69,494)	66,473)	65,939)	67,661)	66,012)	76,868)	75,500)	74,179)
Common stock, $0.25 par value	1,760)	1,760)	1,760)	1,760)	1,760)	1,760)	1,760)	1,760)	1,760)	1,760)	1,760)	1,760)	1,760)	1,760)	1,760)	1,760)	1,760)	1,760)	1,760)	1,760)	1,760)	1,760)
Capital surplus	19,970)	19,873)	19,801)	19,710)	19,468)	19,321)	19,209)	19,081)	18,993)	18,889)	18,822)	18,687)	18,581)	18,388)	18,116)	17,929)	17,781)	17,630)	17,601)	17,463)	17,367)	17,312)
Reinvested earnings	78,803)	77,189)	76,054)	75,946)	75,189)	74,868)	73,782)	73,793)	72,695)	72,137)	71,019)	70,893)	69,970)	69,969)	69,094)	68,494)	67,838)	67,009)	66,555)	66,863)	66,888)	66,870)
Accumulated other comprehensive loss	(15,758)	(16,482)	(16,843)	(15,536)	(15,458)	(14,504)	(14,275)	(14,815)	(14,017)	(14,322)	(14,895)	(15,869)	(14,801)	(13,340)	(14,330)	(14,250)	(13,299)	(14,133)	(14,601)	(15,446)	(16,460)	(15,696)
Treasury stock, at cost	(56,190)	(56,138)	(55,916)	(55,362)	(55,106)	(55,016)	(54,535)	(53,494)	(53,418)	(53,247)	(52,601)	(52,666)	(52,505)	(51,932)	(51,641)	(51,754)	(51,831)	(51,911)	(52,016)	(52,033)	(52,071)	(52,088)
Equity attributable to shareowners of The Coca-Cola Company	28,585)	26,202)	24,856)	26,518)	25,853)	26,429)	25,941)	26,325)	26,013)	25,217)	24,105)	22,805)	23,005)	24,845)	22,999)	22,179)	22,249)	20,355)	19,299)	18,607)	17,484)	18,158)
Equity attributable to noncontrolling interests	1,597)	1,552)	1,516)	1,636)	1,558)	1,517)	1,539)	1,508)	1,539)	1,651)	1,721)	1,631)	1,798)	1,996)	1,861)	1,954)	2,006)	1,977)	1,985)	1,709)	1,705)	1,676)
Total equity	30,182)	27,754)	26,372)	28,154)	27,411)	27,946)	27,480)	27,833)	27,552)	26,868)	25,826)	24,436)	24,803)	26,841)	24,860)	24,133)	24,255)	22,332)	21,284)	20,316)	19,189)	19,834)
Total liabilities and equity	104,333)	101,716)	100,549)	106,266)	101,202)	99,392)	97,703)	97,578)	98,456)	97,404)	92,763)	92,471)	93,169)	94,064)	94,354)	90,606)	90,194)	89,993)	87,296)	97,184)	94,689)	94,013)

Accounts Payable and Accrued Expenses: The accounts payable and accrued expenses exhibit considerable fluctuations across the periods, ranging from approximately $10.9 billion to nearly $23.8 billion. There is a general upward trend from mid-2023 through late 2024, peaking at $23.8 billion in September 2024, followed by a sharp decrease in the subsequent two quarters.
Loans and Notes Payable: Loans and notes payable demonstrate a downward movement early on, declining steeply from $13.7 billion in March 2020 to below $1.9 billion in late 2021. Thereafter, the figures oscillate with intermittent increases, raising to a peak of $6.1 billion in March 2024, before dropping again toward mid-2025.
Current Maturities of Long-term Debt: This liability category fluctuates without a clear consistent trend, with notable spikes in certain quarters such as $2.9 billion in April 2021 and $2.1 billion in September 2023, but also declining sharply at other times, reaching as low as $91 million in June 2025.
Accrued Income Taxes: Accrued income taxes show variability but generally maintain an upward trajectory from $458 million in March 2020 to a high of $1.7 billion in mid-2025, though a marked decrease is noted at the end of this period.
Current Liabilities: Current liabilities present significant volatility, initially dropping sharply from $32.4 billion in early 2020 to $14.6 billion by the end of 2020, then progressively increasing to a peak of $29.3 billion in mid-2024, before moderating towards $21.9 billion in mid-2025.
Long-term Debt Excluding Current Maturities: Long-term debt maintains a relatively stable but gradually declining trend from $31.1 billion in early 2020 to a low in the $34-35 billion range during late 2022 and early 2023. However, considerable increases are evident starting mid-2023, culminating in $44.9 billion by mid-2025, indicating heightened longer-term borrowing or refinancing activity.
Other Noncurrent Liabilities: Other noncurrent liabilities remain largely flat through 2020-2023 at around $8 billion, but from early 2024 onwards, a marked decrease occurs, falling to roughly $4 billion by mid-2025.
Deferred Income Tax Liabilities: Deferred income tax liabilities show minor fluctuations typically oscillating around the $2.3 to $3.1 billion range with no definitive upward or downward trend over the periods analyzed.
Noncurrent Liabilities: Noncurrent liabilities follow a slight downward trend from early 2020 $41.8 billion to a trough near $45.3 billion by late 2023, then rising again to $52.2 billion by mid-2025, driven primarily by increases in long-term debt.
Total Liabilities: Total liabilities display oscillating values, starting high at approximately $74.2 billion in early 2020, declining to $66 billion by late 2020, then increasing with some volatility toward a peak exceeding $78 billion by late 2024, followed by a decrease nearing $74 billion by mid-2025.
Common Stock: Common stock remains constant at $1.76 billion throughout the entire period, indicating no new issuances or retirements impacting this component of equity.
Capital Surplus: Capital surplus exhibits a steady, gradual increase from $17.3 billion in early 2020 to nearly $20 billion by mid-2025, reflecting retained premiums from equity transactions or other capital contributions.
Reinvested Earnings: Reinvested earnings display a consistent upward trend, growing from $66.9 billion in early 2020 to $78.8 billion by mid-2025, signaling ongoing profitability and retention of earnings within the company.
Accumulated Other Comprehensive Loss: This component fluctuates between approximately -$15.7 billion and -$16.8 billion over the reported quarters, without a clear directional trend, indicating consistent but stable comprehensive losses.
Treasury Stock at Cost: Treasury stock balances exhibit a minor increasing trend in absolute value, from about -$52.1 billion in early 2020 to nearly -$56.2 billion by mid-2025, implying ongoing repurchase activities with incremental additions to treasury shares.
Equity Attributable to Shareowners: Shareowners' equity grows steadily from $18.2 billion in early 2020 to a peak of approximately $26.5 billion in late 2024, before experiencing volatility and a slight drop to $26.2 billion by mid-2025, reflecting a positive but variable equity position over time.
Equity Attributable to Noncontrolling Interests: Equity attributable to noncontrolling interests remains relatively stable around the $1.5 to $1.7 billion range, showing no significant fluctuations across the periods.
Total Equity: Total equity follows the trajectory of shareowner equity with growth from $19.8 billion in early 2020 to a maximum of $28 billion in late 2024, before moderate fluctuations lead to a balance of $30.2 billion by mid-2025.
Total Liabilities and Equity: Total liabilities and equity combined rise from $94 billion in early 2020 to a high of $106.3 billion in late 2024, demonstrating overall growth in the company's balance sheet size, with a slight contraction thereafter to $104.3 billion by mid-2025.

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Coca-Cola Co. (NYSE:KO)

Balance Sheet: Liabilities and Stockholders’ Equity Quarterly Data

Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data