Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data

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 (quarterly data)

US$ in thousands

	Sep 30, 2025	Jun 30, 2025	Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020
Short-term borrowings	1,846,900)	1,706,700)	1,798,500)	662,400)	915,500)	1,358,300)	1,256,300)	374,200)	338,600)	806,200)	1,481,300)	978,100)	945,200)	2,012,000)	1,739,700)	763,500)	709,400)	762,100)	818,100)	100)	200)	559,500)	1,051,500)
Accounts payable	2,441,600)	2,570,000)	2,512,900)	2,253,200)	2,537,700)	2,493,900)	2,453,900)	2,315,000)	2,424,800)	2,489,700)	2,513,600)	2,436,500)	2,808,400)	2,992,900)	2,860,800)	2,403,000)	2,675,400)	2,502,800)	2,217,000)	2,117,800)	2,056,200)	1,848,400)	1,958,400)
Compensation and taxes withheld	709,400)	688,900)	566,700)	842,800)	726,000)	708,600)	560,200)	862,700)	768,300)	700,500)	528,000)	784,500)	650,600)	587,600)	572,300)	716,600)	692,100)	593,100)	551,200)	752,700)	654,500)	467,300)	438,000)
Accrued taxes	254,600)	255,800)	225,900)	174,300)	214,500)	347,100)	240,000)	197,400)	379,800)	308,000)	315,100)	197,400)	205,300)	185,600)	178,200)	160,300)	181,300)	228,800)	282,600)	183,500)	165,200)	255,700)	106,500)
Current portion of long-term debt	350,500)	1,150,700)	1,150,800)	1,049,200)	1,048,900)	849,700)	1,349,100)	1,098,800)	1,098,200)	499,500)	600)	600)	600)	600)	260,700)	260,600)	662,100)	687,100)	428,500)	25,100)	24,100)	700)	429,500)
Current portion of operating lease liabilities	479,800)	480,700)	470,100)	466,600)	462,800)	457,800)	454,000)	449,300)	441,100)	436,100)	430,200)	425,300)	418,100)	418,100)	416,000)	409,700)	398,800)	393,000)	385,800)	387,300)	379,500)	369,400)	371,100)
Other accruals	1,390,700)	1,343,600)	1,151,800)	1,360,200)	1,312,700)	1,251,200)	1,170,000)	1,329,500)	1,172,400)	1,099,100)	1,037,200)	1,138,300)	1,067,800)	1,001,400)	925,400)	1,005,800)	1,159,400)	1,023,500)	968,400)	1,127,900)	1,078,600)	958,600)	865,200)
Current liabilities	7,473,500)	8,196,400)	7,876,700)	6,808,700)	7,218,100)	7,466,600)	7,483,500)	6,626,900)	6,623,200)	6,339,100)	6,306,000)	5,960,700)	6,096,000)	7,198,200)	6,953,100)	5,719,500)	6,478,500)	6,190,400)	5,651,600)	4,594,400)	4,358,300)	4,459,600)	5,220,200)
Long-term debt, excluding current portion	9,318,100)	7,828,900)	7,827,100)	8,176,800)	8,175,300)	8,130,800)	8,129,500)	8,377,900)	8,499,200)	9,095,700)	9,593,100)	9,591,000)	9,588,900)	8,593,600)	8,592,300)	8,590,900)	7,604,900)	7,603,800)	7,862,400)	8,266,900)	8,266,900)	8,289,400)	8,289,200)
Postretirement benefits other than pensions	120,700)	120,700)	120,700)	120,700)	133,200)	133,200)	133,200)	133,200)	139,300)	139,300)	139,300)	139,300)	256,500)	257,500)	258,400)	259,400)	271,800)	273,100)	274,300)	275,600)	262,300)	262,500)	262,800)
Deferred income taxes	657,200)	560,900)	586,000)	607,500)	631,700)	642,000)	666,300)	683,100)	648,400)	710,900)	739,900)	681,600)	691,800)	754,000)	760,200)	768,200)	801,500)	803,400)	797,800)	846,100)	956,700)	953,200)	949,500)
Long-term operating lease liabilities, excluding current portion	1,582,300)	1,603,200)	1,573,400)	1,558,300)	1,496,500)	1,502,900)	1,495,100)	1,509,500)	1,502,900)	1,503,200)	1,494,900)	1,512,900)	1,492,400)	1,483,100)	1,481,200)	1,470,700)	1,433,900)	1,429,500)	1,402,900)	1,434,100)	1,421,300)	1,390,700)	1,373,700)
Other long-term liabilities	2,629,300)	2,652,600)	2,522,100)	2,309,400)	2,157,400)	2,106,700)	2,016,800)	1,908,000)	1,811,500)	1,746,800)	1,689,900)	1,606,400)	1,522,400)	1,541,800)	1,450,900)	1,420,800)	1,455,700)	1,379,000)	1,367,300)	1,373,700)	1,336,900)	1,269,200)	1,185,800)
Long-term liabilities	14,307,600)	12,766,300)	12,629,300)	12,772,700)	12,594,100)	12,515,600)	12,440,900)	12,611,700)	12,601,300)	13,195,900)	13,657,100)	13,531,200)	13,552,000)	12,630,000)	12,543,000)	12,510,000)	11,567,800)	11,488,800)	11,704,700)	12,196,400)	12,244,100)	12,165,000)	12,061,000)
Total liabilities	21,781,100)	20,962,700)	20,506,000)	19,581,400)	19,812,200)	19,982,200)	19,924,400)	19,238,600)	19,224,500)	19,535,000)	19,963,100)	19,491,900)	19,648,000)	19,828,200)	19,496,100)	18,229,500)	18,046,300)	17,679,200)	17,356,300)	16,790,800)	16,602,400)	16,624,600)	17,281,200)
Common stock, $0.33-1/3 par value	92,900)	92,700)	92,600)	92,500)	92,400)	92,100)	92,000)	91,800)	91,700)	91,400)	91,300)	91,200)	91,100)	91,000)	91,000)	90,800)	90,500)	90,600)	90,200)	89,900)	120,400)	120,000)	119,700)
Other capital	4,727,700)	4,680,200)	4,622,400)	4,576,200)	4,471,400)	4,342,000)	4,298,800)	4,193,600)	4,103,900)	4,044,600)	3,998,000)	3,963,900)	3,919,600)	3,880,300)	3,842,700)	3,793,000)	3,688,100)	3,608,100)	3,543,600)	3,491,400)	3,373,300)	3,289,100)	3,215,500)
Retained earnings	8,744,000)	8,106,600)	7,549,800)	7,246,300)	6,946,000)	6,322,300)	5,611,000)	5,288,300)	5,087,400)	4,481,500)	3,844,100)	3,523,200)	3,292,600)	2,763,300)	2,341,500)	2,121,700)	1,961,800)	1,604,800)	1,102,100)	844,300)	8,619,500)	8,036,000)	7,562,700)
Treasury stock, at cost	(8,549,200)	(7,880,700)	(7,361,800)	(6,988,600)	(6,677,500)	(6,227,700)	(5,793,100)	(5,233,600)	(4,746,600)	(4,335,100)	(4,100,800)	(3,775,600)	(3,643,000)	(3,595,400)	(3,298,900)	(2,869,900)	(2,263,400)	(1,761,900)	(893,400)	(96,500)	(7,113,600)	(6,708,000)	(6,707,700)
Accumulated other comprehensive loss	(590,100)	(597,900)	(772,900)	(875,200)	(676,200)	(776,900)	(705,000)	(624,300)	(756,400)	(651,300)	(665,800)	(700,600)	(1,062,500)	(914,600)	(742,000)	(698,400)	(786,700)	(701,200)	(763,800)	(718,300)	(792,300)	(867,200)	(901,100)
Shareholders’ equity	4,425,300)	4,400,900)	4,130,100)	4,051,200)	4,156,100)	3,751,800)	3,503,700)	3,715,800)	3,780,000)	3,631,100)	3,166,800)	3,102,100)	2,597,800)	2,224,600)	2,234,300)	2,437,200)	2,690,300)	2,840,400)	3,078,700)	3,610,800)	4,207,300)	3,869,900)	3,289,100)
Total liabilities and shareholders’ equity	26,206,400)	25,363,600)	24,636,100)	23,632,600)	23,968,300)	23,734,000)	23,428,100)	22,954,400)	23,004,500)	23,166,100)	23,129,900)	22,594,000)	22,245,800)	22,052,800)	21,730,400)	20,666,700)	20,736,600)	20,519,600)	20,435,000)	20,401,600)	20,809,700)	20,494,500)	20,570,300)

Short-term borrowings: Short-term borrowings display volatility with a significant decline in mid-2020, followed by a steady increase peaking around early 2022, and then fluctuating with some declines and rises through the subsequent periods until the latest data point, which shows an increase.
Accounts payable: Accounts payable generally increase over the period, with some fluctuations. Notably, there is growth from 2020 into early 2022, a temporary dip toward the end of 2022, and a moderate recovery thereafter.
Compensation and taxes withheld: Compensation and taxes withheld exhibit a rising trend with peaks in late 2020 and again in 2023, followed by periods of slight decline and stabilization through the most recent quarters.
Accrued taxes: Accrued taxes show irregular variations with peaks around early 2021 and early 2023, and troughs in between. The overall pattern is inconsistent without a clear upward or downward trajectory.
Current portion of long-term debt: This item experiences significant fluctuations, with very low levels in the middle of 2020 and early 2022, contrasted by substantial increases in late 2021 and multiple peaks through 2023 and the latest periods.
Current portion of operating lease liabilities: Current operating lease liabilities steadily increase throughout the entire timeline, reflecting a gradual accumulation of short-term lease obligations.
Other accruals: Other accruals increase with some volatility, reaching higher levels in mid-2023 and continuing upward through late 2024, before showing a small decline in subsequent periods.
Current liabilities: Current liabilities reflect a growth trend from mid-2020 peaking in late 2024, with some troughs and recoveries along the way. This indicates rising short-term obligations overall.
Long-term debt, excluding current portion: Long-term debt remains relatively stable with minor fluctuations, although there is a noticeable decline from early 2021 through mid-2023 before an upward jump in the latest recorded quarters to new peaks.
Postretirement benefits other than pensions: This liability remains fairly constant with a slight gradual decline, especially after early 2022, reflecting decreasing obligations in this category.
Deferred income taxes: Deferred income taxes exhibit a downward trend from 2020 through 2022, followed by a modest recovery in some later periods; however, values mostly remain below initial levels.
Long-term operating lease liabilities, excluding current portion: Long-term operating lease liabilities gradually rise over the period, with slight fluctuations but an overall steady increase consistent with the trend seen in current operating lease liabilities.
Other long-term liabilities: Other long-term liabilities increase consistently over the entire timeline, indicating growing non-debt long-term obligations.
Long-term liabilities: Long-term liabilities show moderate fluctuations but generally maintain a stable range before rising notably near the end of the period, suggesting increasing long-term obligations late in the timeframe.
Total liabilities: Total liabilities fluctuate with a general upward trend, reaching peaks in several late quarters, signaling increased financial obligations overall.
Common stock: Common stock values show nominal incremental increases, indicating minimal issuance or repurchase activity from a share capital perspective.
Other capital: Other capital steadily increases throughout the timeline, reflecting consistent growth in additional paid-in capital and equity reserves.
Retained earnings: Retained earnings trend strongly upward over the period, demonstrating sustained profitability and accumulation of earnings, despite a notable early dip due to a possible restatement or adjustment.
Treasury stock: Treasury stock steadily increases in negative value, representing ongoing share repurchases with a continuous rise in shares held in treasury stock.
Accumulated other comprehensive loss: This account fluctuates without a clear trend, oscillating between increases and decreases, reflecting variability in components such as foreign currency translation and pension adjustments.
Shareholders’ equity: Shareholders’ equity shows an overall upward movement after a mid-period decline, with recovery starting in late 2022 and growth continuing through the latest quarters, driven by increasing retained earnings and other capital.
Total liabilities and shareholders’ equity: The total sum of liabilities and equity rises steadily, indicating growth in the company's overall balance sheet size over the analyzed periods.

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Sherwin-Williams Co. (NYSE:SHW)

Balance Sheet: Liabilities and Stockholders’ Equity Quarterly Data

Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data