Stock Analysis on Net
Stock Analysis on Net
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Kimberly-Clark Corp. (NYSE:KMB)

Balance Sheet: Liabilities and Stockholders’ Equity

Beginner level

The balance sheet provides creditors, investors, and analysts with information on company’s resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company’s 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.

Kimberly-Clark Corp., consolidated balance sheet: liabilities and stockholders’ equity

US$ in millions

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Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
Debt payable within one year 1,534  1,208  953  1,133  1,669 
Trade accounts payable 3,055  3,190  2,834  2,609  2,612 
Accrued advertising and promotion 415  399  394  373  339 
Accrued salaries and wages 463  369  449  426  392 
Accrued rebates 241  239  227  220  229 
Accrued taxes, income and other 231  260  249  259  329 
Current operating lease liabilities 130  —  —  —  — 
Accrued restructuring 93  118  —  —  — 
Accrued interest 81  75  68  96  82 
Other 324  333  343  401  379 
Accrued expenses and other current liabilities 1,978  1,793  1,730  1,775  1,750 
Dividends payable 352  345  341  329  318 
Current liabilities 6,919  6,536  5,858  5,846  6,349 
Long-term debt, excluding payable within one year 6,213  6,247  6,472  6,439  6,106 
Noncurrent employee benefits 897  931  1,184  1,301  1,137 
Deferred income taxes 511  458  395  532  766 
Other liabilities 520  328  299  309  380 
Noncurrent liabilities 8,141  7,964  8,350  8,581  8,389 
Total liabilities 15,060  14,500  14,208  14,427  14,738 
Redeemable preferred securities of subsidiaries 29  64  61  58  64 
Preferred stock, no par value; none issued —  —  —  —  — 
Common stock, $1.25 par value 473  473  473  473  473 
Additional paid-in capital 556  548  776  697  609 
Common stock held in treasury, at cost (4,454) (3,956) (4,431) (3,629) (2,972)
Retained earnings 6,686  5,947  6,730  5,831  4,994 
Accumulated other comprehensive loss (3,294) (3,299) (2,919) (3,474) (3,278)
Total Kimberly-Clark Corporation stockholders’ equity (33) (287) 629  (102) (174)
Noncontrolling interests 227  241  253  219  214 
Total stockholders’ equity 194  (46) 882  117  40 
Total liabilities and stockholders’ equity 15,283  14,518  15,151  14,602  14,842 

Based on: 10-K (filing date: 2020-02-13), 10-K (filing date: 2019-02-07), 10-K (filing date: 2018-02-08), 10-K (filing date: 2017-02-08), 10-K (filing date: 2016-02-11).

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. Kimberly-Clark Corp.’s current liabilities increased from 2017 to 2018 and from 2018 to 2019.
Noncurrent liabilities Amount of obligation due after one year or beyond the normal operating cycle, if longer. Kimberly-Clark Corp.’s noncurrent liabilities decreased from 2017 to 2018 but then slightly increased from 2018 to 2019.
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. Kimberly-Clark Corp.’s total liabilities increased from 2017 to 2018 and from 2018 to 2019.
Total Kimberly-Clark Corporation stockholders’ 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’s 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. Kimberly-Clark Corp.’s total Kimberly-Clark Corporation stockholders’ equity decreased from 2017 to 2018 but then slightly increased from 2018 to 2019.