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

	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	1,706,700)	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	2,570,000)	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	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	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	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	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	1,343,600)	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	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	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)	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	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	1,603,200)	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	2,652,600)	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	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	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	92,700)	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	4,680,200)	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	8,106,600)	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	(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	(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	4,400,900)	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	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: The short-term borrowings exhibit substantial volatility over the periods analyzed. Beginning at approximately $1.05 billion in March 2020, the metric sharply declined to near zero by September 2020, then increased and fluctuated strongly in subsequent years. Notably, there were marked peaks at March 2022 and March 2025, reaching up to around $1.8 billion, suggesting episodic increases in short-term financing needs.
Accounts payable: Accounts payable show a general upward trend over time, rising from roughly $1.96 billion in March 2020 to over $2.57 billion by June 2025. Some fluctuations occur, notably a peak in June 2022 followed by a slight decline and then renewed increases towards the end of the period, indicating growing operational liabilities.
Compensation and taxes withheld: This item reveals some variability but generally maintains a range between $400 million to $860 million, with intermittent peaks in late 2023 and 2024. The increases may correlate with workforce or wage growth within the company.
Accrued taxes: Accrued taxes fluctuate irregularly, with elevated levels during 2023 and mid-2024 periods. The figures peaked at nearly $380 million in September 2023, followed by a decline, reflecting varying tax obligations possibly related to profit changes or tax rate adjustments.
Current portion of long-term debt: The current portion of long-term debt shows significant swings, starting with relatively low levels in 2020 and early 2021 but escalating sharply to over $1 billion in late 2023 and through 2024, possibly indicating scheduled debt repayments or refinancing activity approaching maturity dates.
Current portion of operating lease liabilities: This line item demonstrates a relatively consistent and gradual increase from approximately $371 million in early 2020 to nearly $481 million by mid-2025, indicating expanding lease commitments or lease contract renewals.
Other accruals: Other accruals present a generally rising trend with some fluctuations, moving from about $865 million in March 2020 to peaks exceeding $1.3 billion by June 2025. This suggests increased accrued expenses or liabilities outside standard categories.
Current liabilities: Current liabilities exhibit growth over the period, rising from just over $5.22 billion in March 2020 to about $8.2 billion by June 2025. Despite short-term fluctuations, the increasing trend indicates a growth in obligations due within a year.
Long-term debt, excluding current portion: Long-term debt remains at high levels throughout the period, with values fluctuating but generally around $7.8 to $9.6 billion. A notable increase in 2022 to near $9.6 billion is followed by a gradual decline approaching mid-2025, indicating debt restructuring or repayments over time.
Postretirement benefits other than pensions: This account shows a clear declining trend, falling from around $263 million in early 2020 to roughly $121 million by mid-2025. This diminution may reflect plan changes, settlements, or smaller obligations.
Deferred income taxes: Deferred income taxes decrease steadily over the period from approximately $950 million in early 2020 to about $561 million by mid-2025, consistent with amortization of deferred tax liabilities or changes in tax basis of assets/liabilities.
Long-term operating lease liabilities, excluding current portion: Long-term operating lease liabilities are relatively stable with moderate growth, increasing from around $1.37 billion in early 2020 to over $1.6 billion by mid-2025, indicating sustained or growing lease obligations beyond one year.
Other long-term liabilities: Other long-term liabilities display an increasing pattern, moving from approximately $1.19 billion in March 2020 to about $2.65 billion by June 2025, suggesting accumulation of additional non-debt long-term obligations.
Long-term liabilities: Long-term liabilities fluctuate around the $12.4 billion to $13.6 billion range, showing an initial decline into 2021 followed by some increase through 2022 and 2023, and stabilization afterward. This aligns with changes in both long-term debt and other long-term obligations.
Total liabilities: Total liabilities fluctuate but generally trend upwards from approximately $17.3 billion in early 2020 to around $20.96 billion by mid-2025. The growth suggests an overall increase in the company's financial obligations over the period.
Common stock: The value of common stock shows minimal change, holding steady slightly above $119 million through mid-2025, indicating no significant repurchases or new stock issuances occurring.
Other capital: Other capital steadily increases from roughly $3.22 billion in early 2020 to over $4.68 billion by mid-2025, reflecting accumulated additional paid-in capital or equity contributions.
Retained earnings: Retained earnings show a substantial increase, starting from around $756 million in early 2020 and rising to over $8.1 billion by mid-2025. Although some irregularities in early 2021 are noted, the overall trend indicates consistent profitability and retention of earnings.
Treasury stock, at cost: Treasury stock increases in absolute value over the period (more negative), from about -$6.7 billion in early 2020 to nearly -$7.9 billion by mid-2025. This reflects ongoing repurchases of company stock.
Accumulated other comprehensive loss: This item shows fluctuations within a negative range, generally around -$700 million with notable peaks and troughs, indicating variable components of other comprehensive income or loss, such as foreign currency translation or pension adjustments.
Shareholders’ equity: Shareholders' equity experiences some variability, dropping from about $3.29 billion in early 2020 to a low near $2.23 billion in early 2022, then recovering and growing thereafter to approximately $4.4 billion in mid-2025. The trend suggests phases of equity erosion followed by gradual reinforcement.
Total liabilities and shareholders’ equity: The combined total shows an increasing pattern across the period, ascending from about $20.57 billion in early 2020 to $25.36 billion by mid-2025. This growth reflects expanded balance sheet size through increases in liabilities and equity.

Download chart

Sherwin-Williams Co. (NYSE:SHW)

Balance Sheet: Liabilities and Stockholders’ Equity Quarterly Data

Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data