Stock Analysis on Net
Stock Analysis on Net

Sherwin-Williams Co. (NYSE:SHW)

Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data

Beginner level

Sherwin-Williams Co., common-size consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)

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Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015
Short-term borrowings 0.00 2.73 5.11 1.00 2.09 3.82 3.93 1.72 3.25 3.23 4.52 3.18 0.79 0.25 0.60 0.60 0.73 0.89 2.13 0.68 0.60 18.90 23.99
Accounts payable 9.88 9.02 9.52 9.15 9.72 9.76 9.04 9.40 10.84 10.17 9.70 8.98 8.82 8.61 17.48 15.32 17.70 19.34 19.09 19.99 19.93 20.44 20.05
Compensation and taxes withheld 3.15 2.28 2.13 2.70 2.58 1.97 1.91 2.64 2.50 2.01 2.05 2.55 2.41 1.91 4.24 5.89 5.49 4.67 4.72 5.84 5.41 4.36 4.26
Accrued taxes 0.79 1.25 0.52 0.42 0.46 0.73 0.62 0.42 0.49 0.86 0.55 0.40 1.35 1.55 2.27 1.14 2.10 3.45 1.91 1.40 3.08 3.16 1.32
Current portion of long-term debt 0.12 0.00 2.09 2.10 2.06 6.79 1.45 1.61 1.55 0.01 0.01 0.01 3.38 3.38 10.03 10.37 0.02 0.03 0.04 0.05 0.05 0.05 0.05
California litigation accrual 0.06 0.06 0.06 0.06 0.06 0.64 0.65 0.71 0.68 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Current portion of operating lease liabilities 1.82 1.80 1.80 1.81 1.75 1.71 1.70 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Other accruals 5.13 4.62 4.15 4.83 4.61 4.52 4.56 5.96 4.91 4.52 4.42 4.87 4.29 4.34 7.44 8.57 10.33 11.00 9.58 9.02 8.52 7.82 7.99
Current liabilities 20.94% 21.76% 25.38% 22.06% 23.32% 29.94% 23.86% 22.46% 24.23% 20.79% 21.25% 19.98% 21.04% 20.04% 42.05% 41.90% 36.37% 39.38% 37.47% 36.98% 37.60% 54.73% 57.67%
Long-term debt, excluding current portion 39.73 40.45 40.30 39.28 38.55 34.03 41.52 45.51 43.60 48.24 48.56 49.53 48.53 51.89 17.33 17.94 27.61 28.64 31.61 33.15 31.47 18.30 19.16
Postretirement benefits other than pensions 1.26 1.28 1.28 1.28 1.25 1.23 1.23 1.35 1.39 1.37 1.35 1.38 1.26 1.22 3.61 3.71 3.66 3.78 4.14 4.29 4.60 4.56 4.76
Deferred income taxes 4.60 4.65 4.62 4.73 5.26 5.26 5.39 5.91 6.86 6.85 7.34 7.19 12.57 11.91 0.22 1.09 1.91 1.97 0.00 0.00 0.00 0.00 0.00
Long-term operating lease liabilities, excluding current portion 6.83 6.79 6.68 6.69 6.48 6.43 6.54 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Other long-term liabilities 6.42 6.19 5.76 5.84 5.86 5.43 4.96 5.27 4.02 4.16 3.38 3.43 3.41 3.39 7.23 7.54 7.35 7.52 10.20 10.59 10.34 10.07 10.40
Long-term liabilities 58.84% 59.36% 58.63% 57.82% 57.40% 52.37% 59.64% 58.04% 55.87% 60.62% 60.64% 61.52% 65.77% 68.42% 28.40% 30.28% 40.54% 41.91% 45.96% 48.03% 46.41% 32.93% 34.32%
Total liabilities 79.78% 81.12% 84.01% 79.88% 80.72% 82.31% 83.49% 80.50% 80.11% 81.41% 81.88% 81.50% 86.81% 88.46% 70.45% 72.18% 76.90% 81.30% 83.43% 85.01% 84.00% 87.65% 91.99%
Common stock, $1.00 par value 0.58 0.59 0.58 0.58 0.57 0.56 0.57 0.62 0.59 0.59 0.58 0.59 0.56 0.57 1.67 1.73 1.68 1.74 1.92 2.00 1.89 1.88 1.96
Other capital 16.21 16.05 15.63 15.38 14.76 14.21 14.05 15.14 14.27 13.87 13.56 13.64 12.77 12.58 36.45 36.85 35.43 36.19 39.29 40.24 37.48 36.53 37.33
Retained earnings 41.42 39.21 36.77 35.94 34.63 31.87 30.47 32.65 31.38 29.76 27.86 27.57 22.55 21.47 60.23 59.97 56.73 54.25 54.92 55.75 50.69 45.33 42.56
Treasury stock, at cost -34.18 -32.73 -32.61 -28.48 -27.00 -25.98 -25.57 -25.61 -23.30 -22.93 -22.23 -21.38 -20.52 -20.57 -60.94 -62.73 -61.24 -63.55 -70.15 -72.86 -64.74 -62.98 -64.82
Accumulated other comprehensive loss -3.81 -4.23 -4.38 -3.32 -3.68 -2.98 -3.02 -3.29 -3.06 -2.69 -1.65 -1.93 -2.18 -2.51 -7.86 -8.00 -9.51 -9.93 -9.41 -10.14 -9.33 -8.42 -9.02
Shareholders’ equity 20.22% 18.88% 15.99% 20.12% 19.28% 17.69% 16.51% 19.50% 19.89% 18.59% 18.12% 18.50% 13.19% 11.54% 29.55% 27.82% 23.10% 18.70% 16.57% 14.99% 16.00% 12.35% 8.01%
Total liabilities and shareholders’ equity 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%

Based on: 10-Q (filing date: 2020-10-27), 10-Q (filing date: 2020-07-28), 10-Q (filing date: 2020-04-29), 10-K (filing date: 2020-02-21), 10-Q (filing date: 2019-10-22), 10-Q (filing date: 2019-07-24), 10-Q (filing date: 2019-04-25), 10-K (filing date: 2019-02-22), 10-Q (filing date: 2018-10-25), 10-Q (filing date: 2018-07-25), 10-Q (filing date: 2018-04-25), 10-K (filing date: 2018-02-23), 10-Q (filing date: 2017-10-25), 10-Q (filing date: 2017-07-26), 10-Q (filing date: 2017-04-21), 10-K (filing date: 2017-02-22), 10-Q (filing date: 2016-10-26), 10-Q (filing date: 2016-07-27), 10-Q (filing date: 2016-04-27), 10-K (filing date: 2016-02-24), 10-Q (filing date: 2015-10-29), 10-Q (filing date: 2015-07-22), 10-Q (filing date: 2015-04-22).

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. Sherwin-Williams Co.’s current liabilities as a percentage of total liabilities and shareholders’ equity decreased from Q1 2020 to Q2 2020 and from Q2 2020 to Q3 2020.
Long-term liabilities Amount of obligation due after one year or beyond the normal operating cycle, if longer. Sherwin-Williams Co.’s long-term liabilities as a percentage of total liabilities and shareholders’ equity increased from Q1 2020 to Q2 2020 but then slightly decreased from Q2 2020 to Q3 2020 not reaching Q1 2020 level.
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. Sherwin-Williams Co.’s total liabilities as a percentage of total liabilities and shareholders’ equity decreased from Q1 2020 to Q2 2020 and from Q2 2020 to Q3 2020.
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’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. Sherwin-Williams Co.’s shareholders’ equity as a percentage of total liabilities and shareholders’ equity increased from Q1 2020 to Q2 2020 and from Q2 2020 to Q3 2020.