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.

Colgate-Palmolive 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
Notes and loans payable	11)	39)	258)	260)	12)
Current portion of long-term debt	14)	12)	9)	254)	—)
Accounts payable	1,551)	1,479)	1,393)	1,237)	1,222)
Accrued income taxes	317)	436)	403)	370)	411)
Accrued advertising and coupon redemption	774)	709)	728)	525)	486)
Accrued payroll and employee benefits	329)	353)	401)	340)	275)
Accrued taxes other than income taxes	133)	118)	116)	104)	127)
Restructuring accrual	39)	7)	21)	85)	148)
Pension and other retiree benefits	82)	87)	89)	54)	84)
Operating lease liabilities due in one year	108)	137)	137)	145)	—)
Accrued interest	59)	38)	39)	43)	35)
Derivatives	15)	6)	93)	16)	9)
Other	572)	630)	717)	605)	532)
Other accruals	2,111)	2,085)	2,341)	1,917)	1,696)
Current liabilities	4,004)	4,051)	4,404)	4,038)	3,341)
Long-term debt, excluding current portion	8,741)	7,194)	7,334)	7,333)	6,354)
Deferred income taxes	383)	395)	426)	507)	235)
Pension and other retiree benefits	1,129)	1,722)	1,815)	1,728)	1,600)
Restructuring accrual	—)	2)	10)	15)	54)
Long-term operating lease liabilities	397)	451)	476)	491)	—)
Other	271)	254)	354)	364)	380)
Other liabilities	1,797)	2,429)	2,655)	2,598)	2,034)
Non-current liabilities	10,921)	10,018)	10,415)	10,438)	8,623)
Total liabilities	14,925)	14,069)	14,819)	14,476)	11,964)
Common stock, $1 par value	1,466)	1,466)	1,466)	1,466)	1,466)
Additional paid-in capital	3,546)	3,269)	2,969)	2,488)	2,204)
Retained earnings	24,573)	24,350)	23,699)	22,501)	21,615)
Accumulated other comprehensive loss	(4,055)	(4,386)	(4,345)	(4,273)	(4,188)
Unearned compensation	(1)	(1)	(1)	(2)	(3)
Treasury stock, at cost	(25,128)	(24,089)	(23,045)	(22,063)	(21,196)
Total Colgate-Palmolive Company shareholders’ equity	401)	609)	743)	117)	(102)
Noncontrolling interests	405)	362)	358)	441)	299)
Total equity	806)	971)	1,101)	558)	197)
Total liabilities and equity	15,731)	15,040)	15,920)	15,034)	12,161)

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.	Colgate-Palmolive Co. current liabilities decreased from 2020 to 2021 and from 2021 to 2022.
Non-current liabilities	Amount of obligation due after one year or beyond the normal operating cycle, if longer.	Colgate-Palmolive Co. non-current liabilities decreased from 2020 to 2021 but then increased from 2021 to 2022 exceeding 2020 level.
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.	Colgate-Palmolive Co. total liabilities decreased from 2020 to 2021 but then increased from 2021 to 2022 exceeding 2020 level.
Total Colgate-Palmolive Company shareholders’ 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.	Colgate-Palmolive Co. total Colgate-Palmolive Company shareholders’ equity decreased from 2020 to 2021 and from 2021 to 2022.

Colgate-Palmolive Co. (NYSE:CL)

Balance Sheet: Liabilities and Stockholders’ Equity