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.
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Johnson & Johnson, consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)
US$ in millions
Based on: 10-Q (reporting date: 2025-06-29), 10-Q (reporting date: 2025-03-30), 10-K (reporting date: 2024-12-29), 10-Q (reporting date: 2024-09-29), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-10-01), 10-Q (reporting date: 2023-07-02), 10-Q (reporting date: 2023-04-02), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-10-02), 10-Q (reporting date: 2022-07-03), 10-Q (reporting date: 2022-04-03), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-10-03), 10-Q (reporting date: 2021-07-04), 10-Q (reporting date: 2021-04-04), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-27), 10-Q (reporting date: 2020-06-28), 10-Q (reporting date: 2020-03-29).
- Loans and notes payable
- The loans and notes payable figures exhibit significant fluctuations over the periods, with marked increases observed at the end of 2022 and mid-2023, reaching a peak in April 2023 at $17,979 million, followed by volatile reductions thereafter.
- Accounts payable
- Accounts payable generally shows an upward trend with some volatility, increasing from $7,411 million in March 2020 to peaks above $11,000 million at the end of 2021, before stabilizing around $9,500 million in recent quarters.
- Accrued liabilities
- Accrued liabilities spiked notably in late 2020, reaching $13,968 million, followed by a gradual decrease. The values remain relatively stable in the $7,000 to $11,000 million range in the latest periods, indicating some normalization after peaks in previous years.
- Accrued rebates, returns and promotions
- This item shows a consistent upward trend from about $11,608 million in early 2020 to $20,823 million by mid-2025, highlighting increasing obligations related to rebates and promotions over time.
- Accrued compensation and employee-related obligations
- Values for accrued compensation are variable, with higher amounts typically in the fourth quarters and showing an overall upward trend, reaching over $4,000 million by late 2024, reflecting growth in employee-related expenses.
- Accrued taxes on income
- Accrued income taxes fluctuate significantly, ranging between approximately $1,100 million to above $4,300 million, with no clear linear trend but showing peaks around early 2023 and late 2024.
- Current liabilities
- Current liabilities grew from $33,689 million in early 2020 to a peak above $60,000 million by early 2023, subsequently decreasing but remaining elevated. This indicates a significant increase in short-term obligations during this period.
- Long-term debt, excluding current portion
- Long-term debt shows variability, with a peak near $38,355 million in March 2025, after generally declining from 2021 through early 2023. This reflects shifts in capital structure management, possibly refinancing or new issuances.
- Deferred taxes on income
- Deferred taxes peaked in mid-2021 at over $9,000 million but generally declined thereafter to lower levels around $2,400 to $4,400 million in recent quarters, suggesting changes in tax strategies or timing differences.
- Employee related obligations
- Employee-related obligations generally declined over the analyzed period, dropping from over $10,500 million in early 2020 to levels below $7,000 million by recent quarters, indicating improved liability management or workforce changes.
- Long-term taxes payable
- Long-term taxes payable show a notable decline from $7,402 million in early 2020 to lows below $400 million by late 2024, indicating substantial tax payments or reclassifications reducing long-term tax obligations.
- Other liabilities
- Other liabilities remain broadly stable with some adjustments, fluctuating mostly between $10,000 million and $17,500 million, with peaks in the 2023 to 2025 timeframe.
- Non-current liabilities
- Non-current liabilities decreased steadily from $60,034 million in early 2020 to about $50,463 million in early 2023 but rose again toward $60,736 million by mid-2025, signifying dynamic management of long-term obligations.
- Total liabilities
- Total liabilities increased from approximately $93,723 million in March 2020 to a peak of $125,100 million by early 2023, followed by fluctuations and a stabilization around $114,000 million by mid-2025. This pattern reflects overall growth in company obligations with periodic adjustments.
- Common stock, par value
- Common stock par value remains constant at $3,120 million throughout the periods, indicating no issuance or retirement of stock at par value during the studied timeframe.
- Accumulated other comprehensive loss
- The accumulated other comprehensive loss exhibits considerable variation, with large negative values fluctuating between approximately -$8,700 million to -$16,200 million, showing volatility possibly due to currency translation adjustments or other comprehensive income components.
- Retained earnings and Additional paid-in capital
- This equity component consistently trends upward from approximately $112,901 million in early 2020 to around $165,371 million by mid-2025, indicating sustained profitability and capital contributions.
- Common stock held in treasury, at cost
- Treasury stock costs increased substantially in late 2023 to about -$75,648 million and remained near that level, indicating significant repurchase activity in this period compared to earlier years where values were around -$38,000 million.
- Total shareholders’ equity
- Total shareholders’ equity shows a general increase from about $61,294 million in early 2020 to over $78,000 million in mid-2025, despite some fluctuations. The increase reflects accumulation of retained earnings and capital adjustments offset by treasury stock activity and comprehensive losses.
- Equity attributable to non-controlling interest
- This component appears only intermittently, specifically noted around early 2023 at $1,260 million, suggesting minor non-controlling equity stakes impacting overall equity when present.
- Total equity
- Total equity mirrors trends in shareholders’ equity and shows a steady increase over the timeline, from about $61,294 million to $78,473 million, consistent with retained earnings growth and stock repurchases.
- Total liabilities and shareholders’ equity
- The total of liabilities and equity increases steadily from $155,017 million in early 2020 to approximately $193,389 million by mid-2025, reflecting the overall growth in the company’s balance sheet size driven by both liabilities and equity increases.