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.

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

US$ in millions

	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016
Debt payable within one year	486)	1,534)	1,208)	953)	1,133)
Trade accounts payable	3,336)	3,055)	3,190)	2,834)	2,609)
Accrued advertising and promotion	443)	415)	399)	394)	373)
Accrued salaries and wages	531)	463)	369)	449)	426)
Accrued rebates	255)	241)	239)	227)	220)
Accrued taxes, income and other	332)	231)	260)	249)	259)
Current operating lease liabilities	133)	130)	—)	—)	—)
Accrued restructuring	73)	93)	118)	—)	—)
Accrued interest	87)	81)	75)	68)	96)
Other	408)	324)	333)	343)	401)
Accrued expenses and other current liabilities	2,262)	1,978)	1,793)	1,730)	1,775)
Dividends payable	359)	352)	345)	341)	329)
Current liabilities	6,443)	6,919)	6,536)	5,858)	5,846)
Long-term debt, excluding payable within one year	7,878)	6,213)	6,247)	6,472)	6,439)
Noncurrent employee benefits	864)	897)	931)	1,184)	1,301)
Deferred income taxes	723)	511)	458)	395)	532)
Other liabilities	718)	520)	328)	299)	309)
Noncurrent liabilities	10,183)	8,141)	7,964)	8,350)	8,581)
Total liabilities	16,626)	15,060)	14,500)	14,208)	14,427)
Redeemable preferred securities of subsidiaries	28)	29)	64)	61)	58)
Preferred stock, no par value; none issued	—)	—)	—)	—)	—)
Common stock, $1.25 par value	473)	473)	473)	473)	473)
Additional paid-in capital	657)	556)	548)	776)	697)
Common stock held in treasury, at cost	(4,899)	(4,454)	(3,956)	(4,431)	(3,629)
Retained earnings	7,567)	6,686)	5,947)	6,730)	5,831)
Accumulated other comprehensive loss	(3,172)	(3,294)	(3,299)	(2,919)	(3,474)
Total Kimberly-Clark Corporation stockholders’ equity	626)	(33)	(287)	629)	(102)
Noncontrolling interests	243)	227)	241)	253)	219)
Total stockholders’ equity	869)	194)	(46)	882)	117)
Total liabilities and stockholders’ equity	17,523)	15,283)	14,518)	15,151)	14,602)

Based on: 10-K (reporting date: 2020-12-31), 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).

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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.	Kimberly-Clark Corp. current liabilities increased from 2018 to 2019 but then decreased significantly from 2019 to 2020.
Noncurrent liabilities	Amount of obligation due after one year or beyond the normal operating cycle, if longer.	Kimberly-Clark Corp. noncurrent liabilities increased from 2018 to 2019 and from 2019 to 2020.
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. total liabilities increased from 2018 to 2019 and from 2019 to 2020.
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 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. total Kimberly-Clark Corporation stockholders’ equity increased from 2018 to 2019 and from 2019 to 2020.

Kimberly-Clark Corp. (NYSE:KMB)

Balance Sheet: Liabilities and Stockholders’ Equity