Name: DuPont de Nemours Inc. (NYSE:DD) | Liabilities and Stockholders’ Equity
Creator: Stock Analysis on Net

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.

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DuPont de Nemours 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
Short-term borrowings and finance lease obligations	3,830)	2,802)	4,015)	907)	995)
Accounts payable	2,934)	13,113)	12,861)	6,920)	5,864)
Income taxes payable	240)	857)	843)	600)	452)
Deferred income tax liabilities, current	—)	—)	—)	—)	100)
Dividends payable	—)	—)	—)	508)	592)
Accrued and other current liabilities	1,342)	7,943)	8,409)	3,669)	3,212)
Current liabilities	8,346)	24,715)	26,128)	12,604)	11,215)
Long-term debt, excluding debt within one year	13,617)	37,662)	30,056)	20,456)	16,215)
Deferred income tax liabilities	3,514)	5,435)	6,266)	923)	575)
Pension and other post employment benefits, noncurrent	1,172)	15,909)	18,581)	11,375)	9,119)
Asbestos-related liabilities, noncurrent	—)	1,142)	1,237)	1,364)	387)
Other noncurrent obligations	1,191)	6,988)	7,969)	5,560)	4,332)
Other noncurrent liabilities	5,877)	29,474)	34,053)	19,222)	14,413)
Noncurrent liabilities	19,494)	67,136)	64,109)	39,678)	30,628)
Total liabilities	27,840)	91,851)	90,237)	52,282)	41,843)
Preferred stock, series A, $1.00 par	—)	—)	—)	—)	4,000)
Common stock, $0.01 par value	7)	24)	23)	3,107)	3,107)
Additional paid-in capital	50,796)	81,960)	81,257)	4,262)	4,936)
Retained earnings (accumulated deficit)	(8,400)	30,536)	29,211)	30,338)	28,425)
Accumulated other comprehensive loss	(1,416)	(12,394)	(8,972)	(9,822)	(8,667)
Unearned ESOP shares	—)	(134)	(189)	(239)	(272)
Treasury stock at cost	—)	(5,421)	(1,000)	(1,659)	(6,155)
Total DuPont stockholders’ equity	40,987)	94,571)	100,330)	25,987)	25,374)
Non-redeemable noncontrolling interests	569)	1,608)	1,597)	1,242)	809)
Total equity	41,556)	96,179)	101,927)	27,229)	26,183)
Total liabilities and equity	69,396)	188,030)	192,164)	79,511)	68,026)

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).

The financial trajectory between 2015 and 2019 is characterized by a period of massive balance sheet expansion followed by a sharp contraction. Total liabilities and equity peaked in 2017 at 192,164 million US dollars, before declining to 69,396 million US dollars by the end of 2019, returning the company to a scale similar to that observed in 2015.

Liability Trends and Debt Obligations: Total liabilities grew substantially from 41,843 million US dollars in 2015 to a peak of 91,851 million US dollars in 2018. This growth was driven largely by long-term debt, which increased from 16,215 million US dollars in 2015 to 37,662 million US dollars in 2018. However, a significant deleveraging event occurred in 2019, with total liabilities falling to 27,840 million US dollars and long-term debt reducing to 13,617 million US dollars.; Current liabilities followed a similar pattern, peaking in 2017 at 26,128 million US dollars before dropping precipitously to 8,346 million US dollars in 2019. Accounts payable and accrued liabilities showed the most significant volatility, with accounts payable decreasing from a high of 13,113 million US dollars in 2018 to 2,934 million US dollars in 2019.; Noncurrent liabilities experienced a surge between 2016 and 2018, reaching 67,136 million US dollars. This was supported by increases in deferred income tax liabilities and pension obligations, though both figures declined sharply by 2019.
Equity Structure and Retained Earnings: Total equity saw a dramatic increase in 2017, rising to 101,927 million US dollars from 27,229 million US dollars in 2016. This spike is primarily attributed to a surge in additional paid-in capital, which jumped from 4,262 million US dollars in 2016 to 81,257 million US dollars in 2017.; A critical shift is observed in retained earnings. From 2015 to 2018, the company maintained a positive retained earnings balance ranging between 28,425 million and 30,536 million US dollars. By December 31, 2019, this position inverted into an accumulated deficit of 8,400 million US dollars.; The total equity position contracted significantly in 2019 to 41,556 million US dollars, reflecting the overall reduction in the company's capital base.
Overall Financial Position and Scale: The data indicates a cycle of rapid expansion in both liabilities and equity during the 2017-2018 period, suggesting a major corporate restructuring or merger. This was followed by a systemic reduction in the balance sheet size in 2019, characterized by a sharp decrease in total assets (implied by total liabilities and equity) and a shift toward a deficit in retained earnings.

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