Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data

Beginner level

The balance sheet provides creditors, investors, and analysts with information on company’s resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company’s 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.

Zoetis Inc., consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)

US$ in millions

	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	Oct 1, 2017	Jul 2, 2017	Apr 2, 2017	Dec 31, 2016	Oct 2, 2016	Jul 3, 2016	Apr 3, 2016	Dec 31, 2015	Sep 27, 2015	Jun 28, 2015	Mar 29, 2015
Short-term borrowings	—	—	—	—	—	9	—	—	—	—	—	100	—	—	—	4	4	5	8	4	2
Current portion of long-term debt	500	500	—	—	—	—	—	—	—	—	750	750	750	—	—	—	—	400	400	400	400
Accounts payable	265	301	284	290	235	313	238	230	217	261	213	199	231	265	241	224	210	293	306	278	256
Dividends payable	95	95	—	78	79	79	—	61	61	61	—	52	52	52	—	47	49	47	—	—	42
Accrued expenses	476	543	451	443	448	487	425	434	419	432	413	406	383	464	457	512	552	676	599	627	426
Accrued compensation and related items	212	276	217	178	200	266	226	160	182	236	202	163	183	224	204	164	166	234	197	165	173
Income taxes payable	123	36	52	31	65	35	75	53	92	60	128	82	100	71	95	51	118	63	91	59	41
Liabilities associated with assets held for sale	—	—	—	—	—	—	—	—	—	—	6	4	—	—	—	—	4	4	—	—	—
Other current liabilities	50	55	48	55	55	34	39	29	29	44	34	28	31	41	42	37	60	59	57	39	30
Current liabilities	1,721	1,806	1,052	1,075	1,082	1,223	1,003	967	1,000	1,094	1,746	1,784	1,730	1,117	1,039	1,039	1,163	1,781	1,658	1,572	1,370
Long-term debt, excluding current portion, net of discount and issuance costs	5,963	5,947	6,447	6,446	6,444	6,443	6,441	4,955	4,954	4,953	4,952	3,719	3,718	4,468	4,467	4,465	4,464	4,463	3,226	3,243	3,243
Noncurrent deferred tax liabilities	421	434	473	446	464	474	446	229	246	380	269	261	272	244	266	292	270	264	227	234	256
Noncurrent operating lease liabilities	159	164	169	169	134	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Other taxes payable	260	257	255	251	261	265	250	266	304	172	89	83	79	73	93	115	123	63	63	59	57
Other noncurrent liabilities	251	229	198	188	181	187	201	204	211	201	213	209	215	248	252	236	246	251	258	288	199
Noncurrent liabilities	7,054	7,031	7,542	7,500	7,484	7,369	7,338	5,654	5,715	5,706	5,523	4,272	4,284	5,033	5,078	5,108	5,103	5,041	3,774	3,824	3,755
Total liabilities	8,775	8,837	8,594	8,575	8,566	8,592	8,341	6,621	6,715	6,800	7,269	6,056	6,014	6,150	6,117	6,147	6,266	6,822	5,432	5,396	5,125
Common stock, $0.01 par value	5	5	5	5	5	5	5	5	5	5	5	5	5	5	5	5	5	5	5	5	5
Treasury stock, at cost	(2,252)	(2,042)	(1,876)	(1,732)	(1,593)	(1,487)	(1,345)	(1,215)	(1,005)	(852)	(733)	(615)	(510)	(421)	(351)	(294)	(245)	(203)	(150)	(100)	(49)
Additional paid-in capital	1,017	1,044	1,031	1,019	1,008	1,026	1,010	1,001	990	1,013	1,032	1,024	1,015	1,024	1,014	1,010	1,007	1,012	993	980	969
Retained earnings	4,764	4,427	4,217	3,788	3,495	3,270	3,067	2,722	2,399	2,109	2,140	1,843	1,651	1,477	1,423	1,190	1,016	876	943	795	832
Accumulated other comprehensive loss	(781)	(726)	(699)	(669)	(598)	(629)	(619)	(543)	(429)	(505)	(455)	(542)	(552)	(598)	(506)	(554)	(618)	(622)	(562)	(504)	(479)
Total Zoetis Inc. equity	2,753	2,708	2,678	2,411	2,317	2,185	2,118	1,970	1,960	1,770	1,989	1,715	1,609	1,487	1,585	1,357	1,165	1,068	1,229	1,176	1,278
Equity attributable to noncontrolling interests	—	—	—	—	—	—	—	12	15	16	30	31	26	12	13	14	22	23	25	26	27
Total equity	2,753	2,708	2,678	2,411	2,317	2,185	2,118	1,982	1,975	1,786	2,019	1,746	1,635	1,499	1,598	1,371	1,187	1,091	1,254	1,202	1,305
Total liabilities and equity	11,528	11,545	11,272	10,986	10,883	10,777	10,459	8,603	8,690	8,586	9,288	7,802	7,649	7,649	7,715	7,518	7,453	7,913	6,686	6,598	6,430

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.	Zoetis Inc.’s current liabilities increased from Q3 2019 to Q4 2019 but then slightly decreased from Q4 2019 to Q1 2020.
Noncurrent liabilities	Amount of obligation due after one year or beyond the normal operating cycle, if longer.	Zoetis Inc.’s noncurrent liabilities decreased from Q3 2019 to Q4 2019 but then slightly increased from Q4 2019 to Q1 2020.
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.	Zoetis Inc.’s total liabilities increased from Q3 2019 to Q4 2019 but then slightly decreased from Q4 2019 to Q1 2020.
Total Zoetis Inc. 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.	Zoetis Inc.’s total Zoetis Inc. equity increased from Q3 2019 to Q4 2019 and from Q4 2019 to Q1 2020.

Zoetis Inc. (NYSE:ZTS)

Balance Sheet: Liabilities and Stockholders’ EquityQuarterly Data

Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data