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.

Sherwin-Williams Co., consolidated balance sheet: liabilities and stockholders’ equity

US$ in thousands

	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017
Short-term borrowings	763,500)	100)	204,700)	328,403)	633,731)
Accounts payable	2,403,000)	2,117,800)	1,876,300)	1,799,424)	1,791,552)
Compensation and taxes withheld	716,600)	752,700)	552,700)	504,547)	508,166)
Accrued taxes	160,300)	183,500)	85,700)	80,766)	79,901)
Current portion of long-term debt	260,600)	25,100)	429,800)	307,191)	1,179)
Current portion of operating lease liabilities	409,700)	387,300)	371,600)	—)	—)
Other accruals	1,005,800)	1,127,900)	1,001,100)	1,277,416)	972,651)
Current liabilities	5,719,500)	4,594,400)	4,521,900)	4,297,747)	3,987,180)
Long-term debt, excluding current portion	8,590,900)	8,266,900)	8,050,700)	8,708,057)	9,885,745)
Postretirement benefits other than pensions	259,400)	275,600)	263,000)	257,621)	274,675)
Deferred income taxes	768,200)	846,100)	969,900)	1,130,872)	1,434,196)
Long-term operating lease liabilities, excluding current portion	1,470,700)	1,434,100)	1,370,700)	—)	—)
Other long-term liabilities	1,420,800)	1,373,700)	1,196,700)	1,009,237)	684,443)
Long-term liabilities	12,510,000)	12,196,400)	11,851,000)	11,105,787)	12,279,059)
Total liabilities	18,229,500)	16,790,800)	16,372,900)	15,403,534)	16,266,239)
Common stock, $0.33 par value	90,800)	89,900)	119,400)	118,373)	117,561)
Other capital	3,793,000)	3,491,400)	3,153,000)	2,896,448)	2,723,183)
Retained earnings	2,121,700)	844,300)	7,366,900)	6,246,548)	5,502,730)
Treasury stock, at cost	(2,869,900)	(96,500)	(5,836,500)	(4,900,690)	(4,266,416)
Accumulated other comprehensive loss	(698,400)	(718,300)	(679,500)	(629,934)	(384,870)
Shareholders’ equity	2,437,200)	3,610,800)	4,123,300)	3,730,745)	3,692,188)
Total liabilities and shareholders’ equity	20,666,700)	20,401,600)	20,496,200)	19,134,279)	19,958,427)

Based on: 10-K (reporting date: 2021-12-31), 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).

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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.	Sherwin-Williams Co. current liabilities increased from 2019 to 2020 and from 2020 to 2021.
Long-term liabilities	Amount of obligation due after one year or beyond the normal operating cycle, if longer.	Sherwin-Williams Co. long-term liabilities increased from 2019 to 2020 and from 2020 to 2021.
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. total liabilities increased from 2019 to 2020 and from 2020 to 2021.
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 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. shareholders’ equity decreased from 2019 to 2020 and from 2020 to 2021.

Sherwin-Williams Co. (NYSE:SHW)

Balance Sheet: Liabilities and Stockholders’ Equity