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.

Halliburton Co., consolidated balance sheet: liabilities and stockholders’ equity

US$ in millions

	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016	Dec 31, 2015	Dec 31, 2014
Accounts payable	3,018)	2,554)	1,764)	2,019)	2,814)
Accrued employee compensation and benefits	714)	746)	544)	838)	1,033)
Taxes other than income	248)	231)	218)	293)	407)
Short-term borrowings and current maturities of long-term debt	36)	512)	170)	659)	14)
Liabilities for Macondo well incident	—)	—)	369)	400)	367)
Other current liabilities	786)	819)	958)	1,150)	1,248)
Current liabilities	4,802)	4,862)	4,023)	5,359)	5,883)
Long-term debt, excluding current maturities	10,421)	10,430)	12,214)	14,687)	7,840)
Employee compensation and benefits	483)	609)	574)	457)	691)
Other liabilities	732)	835)	741)	944)	1,528)
Noncurrent liabilities	11,636)	11,874)	13,529)	16,088)	10,059)
Total liabilities	16,438)	16,736)	17,552)	21,447)	15,942)
Common shares, par value $2.50 per share	2,671)	2,673)	2,674)	2,677)	2,679)
Paid-in capital in excess of par value	211)	207)	201)	274)	309)
Accumulated other comprehensive loss	(355)	(469)	(454)	(363)	(399)
Retained earnings	13,739)	12,668)	14,141)	20,524)	21,809)
Treasury stock, at cost	(6,744)	(6,757)	(7,153)	(7,650)	(8,131)
Company shareholders’ equity	9,522)	8,322)	9,409)	15,462)	16,267)
Noncontrolling interest in consolidated subsidiaries	22)	27)	39)	33)	31)
Total shareholders’ equity	9,544)	8,349)	9,448)	15,495)	16,298)
Total liabilities and shareholders’ equity	25,982)	25,085)	27,000)	36,942)	32,240)

Based on: 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), 10-K (reporting date: 2014-12-31).

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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.	Halliburton Co. current liabilities increased from 2016 to 2017 but then slightly decreased from 2017 to 2018.
Noncurrent liabilities	Amount of obligation due after one year or beyond the normal operating cycle, if longer.	Halliburton Co. noncurrent liabilities decreased from 2016 to 2017 and from 2017 to 2018.
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.	Halliburton Co. total liabilities decreased from 2016 to 2017 and from 2017 to 2018.
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.	Halliburton Co. company shareholders’ equity decreased from 2016 to 2017 but then increased from 2017 to 2018 exceeding 2016 level.

Halliburton Co. (NYSE:HAL)

Balance Sheet: Liabilities and Stockholders’ Equity