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.

United States Steel Corp., consolidated balance sheet: liabilities and stockholders’ equity

US$ in millions

	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
Accounts payable and other accrued liabilities	2,873)	2,809)	1,779)	1,970)	2,454)
Accounts payable to related parties	143)	99)	105)	84)	81)
Accounts payable and other accrued liabilities	3,016)	2,908)	1,884)	2,054)	2,535)
Payroll and benefits payable	493)	425)	308)	336)	440)
Accrued taxes	271)	365)	154)	116)	118)
Accrued interest	67)	68)	59)	45)	39)
Current operating lease liabilities	49)	58)	59)	60)	—)
Short-term debt and current maturities of long-term debt	63)	28)	192)	14)	65)
Current liabilities	3,959)	3,852)	2,656)	2,625)	3,197)
Noncurrent operating lease liabilities	105)	136)	163)	177)	—)
Long-term debt, less unamortized discount and debt issuance costs, excluding current maturities	3,914)	3,863)	4,695)	3,627)	2,316)
Employee benefits	209)	235)	322)	532)	980)
Deferred income tax liabilities	456)	122)	11)	4)	14)
Deferred credits and other noncurrent liabilities	504)	505)	333)	550)	272)
Noncurrent liabilities	5,188)	4,861)	5,524)	4,890)	3,582)
Total liabilities	9,147)	8,713)	8,180)	7,515)	6,779)
Common stock issued, par value $1 per share	283)	280)	229)	179)	177)
Treasury stock, at cost	(1,204)	(334)	(175)	(173)	(78)
Additional paid-in capital	5,194)	5,199)	4,402)	4,020)	3,917)
Retained earnings (accumulated deficit)	6,030)	3,534)	(623)	544)	1,212)
Accumulated other comprehensive income (loss)	(85)	331)	(47)	(478)	(1,026)
Total United States Steel Corporation stockholders’ equity	10,218)	9,010)	3,786)	4,092)	4,202)
Noncontrolling interests	93)	93)	93)	1)	1)
Stockholders’ equity	10,311)	9,103)	3,879)	4,093)	4,203)
Total liabilities and stockholders’ equity	19,458)	17,816)	12,059)	11,608)	10,982)

Based on: 10-K (reporting date: 2022-12-31), 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).

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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.	United States Steel Corp. current liabilities increased from 2020 to 2021 and from 2021 to 2022.
Noncurrent liabilities	Amount of obligation due after one year or beyond the normal operating cycle, if longer.	United States Steel Corp. noncurrent liabilities decreased from 2020 to 2021 but then slightly increased from 2021 to 2022.
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.	United States Steel Corp. total liabilities increased from 2020 to 2021 and from 2021 to 2022.
Total United States Steel Corporation stockholders’ 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.	United States Steel Corp. total United States Steel Corporation stockholders’ equity increased from 2020 to 2021 and from 2021 to 2022.

United States Steel Corp. (NYSE:X)

Balance Sheet: Liabilities and Stockholders’ Equity