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.

Procter & Gamble Co., consolidated balance sheet: liabilities and stockholders’ equity

US$ in millions

	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020	Jun 30, 2019	Jun 30, 2018
Accounts payable	14,598)	14,882)	13,720)	12,071)	11,260)	10,344)
Marketing and promotion	3,894)	3,878)	4,140)	3,531)	4,299)	3,208)
Compensation expenses	2,030)	1,797)	2,145)	1,921)	1,623)	1,298)
Taxes payable	828)	587)	637)	693)	341)	268)
Derivative liabilities	631)	1)	—)	—)	—)	—)
Current operating lease liabilities	222)	205)	219)	239)	—)	—)
Restructuring reserves	174)	147)	278)	472)	468)	513)
Other	3,150)	2,939)	3,104)	2,866)	2,323)	2,183)
Accrued and other liabilities	10,929)	9,554)	10,523)	9,722)	9,054)	7,470)
Debt due within one year	10,229)	8,645)	8,889)	11,183)	9,697)	10,423)
Current liabilities	35,756)	33,081)	33,132)	32,976)	30,011)	28,237)
Long-term debt, excluding due within one year	24,378)	22,848)	23,099)	23,537)	20,395)	20,863)
Deferred income taxes	6,478)	6,809)	6,153)	6,199)	6,899)	6,163)
Pension benefits	3,116)	3,139)	5,452)	6,223)	5,622)	4,768)
U.S. Tax Act transitional tax payable	1,154)	1,661)	1,891)	2,121)	2,343)	2,654)
Other retiree benefits	690)	672)	922)	965)	1,098)	1,495)
Uncertain tax positions	622)	752)	794)	580)	472)	581)
Noncurrent operating lease liabilities	595)	595)	631)	652)	—)	—)
Derivative liabilities	445)	307)	—)	—)	—)	—)
Other	530)	490)	579)	569)	676)	666)
Other noncurrent liabilities	7,152)	7,616)	10,269)	11,110)	10,211)	10,164)
Noncurrent liabilities	38,008)	37,273)	39,521)	40,846)	37,505)	37,190)
Total liabilities	73,764)	70,354)	72,653)	73,822)	67,516)	65,427)
Convertible Class A preferred stock, stated value $1 per share	819)	843)	870)	897)	928)	967)
Non-Voting Class B preferred stock, stated value $1 per share	—)	—)	—)	—)	—)	—)
Common stock, stated value $1 per share	4,009)	4,009)	4,009)	4,009)	4,009)	4,009)
Additional paid-in capital	66,556)	65,795)	64,848)	64,194)	63,827)	63,846)
Reserve for ESOP debt retirement	(821)	(916)	(1,006)	(1,080)	(1,146)	(1,204)
Accumulated other comprehensive loss	(12,220)	(12,189)	(13,744)	(16,165)	(14,936)	(14,749)
Treasury stock	(129,736)	(123,382)	(114,973)	(105,573)	(100,406)	(99,217)
Retained earnings	118,170)	112,429)	106,374)	100,239)	94,918)	98,641)
Shareholders’ equity attributable to Procter & Gamble	46,777)	46,589)	46,378)	46,521)	47,194)	52,293)
Noncontrolling interest	288)	265)	276)	357)	385)	590)
Total shareholders’ equity	47,065)	46,854)	46,654)	46,878)	47,579)	52,883)
Total liabilities and shareholders’ equity	120,829)	117,208)	119,307)	120,700)	115,095)	118,310)

Based on: 10-K (reporting date: 2023-06-30), 10-K (reporting date: 2022-06-30), 10-K (reporting date: 2021-06-30), 10-K (reporting date: 2020-06-30), 10-K (reporting date: 2019-06-30), 10-K (reporting date: 2018-06-30).

Download chart

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.	Procter & Gamble Co. current liabilities decreased from 2021 to 2022 but then increased from 2022 to 2023 exceeding 2021 level.
Noncurrent liabilities	Amount of obligation due after one year or beyond the normal operating cycle, if longer.	Procter & Gamble Co. noncurrent liabilities decreased from 2021 to 2022 but then slightly increased from 2022 to 2023.
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.	Procter & Gamble Co. total liabilities decreased from 2021 to 2022 but then increased from 2022 to 2023 exceeding 2021 level.
Shareholders’ equity attributable to Procter & Gamble	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.	Procter & Gamble Co. shareholders’ equity attributable to Procter & Gamble increased from 2021 to 2022 and from 2022 to 2023.

Procter & Gamble Co. (NYSE:PG)

Balance Sheet: Liabilities and Stockholders’ Equity