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.

Kraft Heinz Co., consolidated balance sheet: liabilities and stockholders’ equity

US$ in millions

	Dec 28, 2019	Dec 29, 2018	Dec 30, 2017	Dec 31, 2016	Dec 31, 2015
Commercial paper and other short-term debt	6)	21)	460)	645)	4)
Current portion of long-term debt	1,022)	377)	2,743)	2,046)	79)
Trade payables	4,003)	4,153)	4,449)	3,996)	2,844)
Accrued marketing	647)	722)	680)	749)	856)
Interest payable	384)	408)	419)	415)	401)
Other current liabilities	1,804)	1,767)	1,381)	1,650)	2,748)
Liabilities held for sale	9)	55)	—)	—)	—)
Current liabilities	7,875)	7,503)	10,132)	9,501)	6,932)
Long-term debt, excluding current portion	28,216)	30,770)	28,333)	29,713)	25,151)
Deferred income taxes	11,878)	12,202)	14,076)	20,848)	21,497)
Accrued postemployment costs	273)	306)	427)	2,038)	2,405)
Other non-current liabilities	1,459)	902)	1,017)	806)	752)
Non-current liabilities	41,826)	44,180)	43,853)	53,405)	49,805)
Total liabilities	49,701)	51,683)	53,985)	62,906)	56,737)
Redeemable noncontrolling interest	—)	3)	6)	—)	23)
9.00% cumulative compounding preferred stock, Series A, $0.01 par value	—)	—)	—)	—)	8,320)
Common stock, $0.01 par value	12)	12)	12)	12)	12)
Additional paid-in capital	56,828)	58,723)	58,711)	58,593)	58,375)
Retained earnings (deficit)	(3,060)	(4,853)	8,589)	588)	—)
Accumulated other comprehensive losses	(1,886)	(1,943)	(1,054)	(1,628)	(671)
Treasury stock, at cost	(271)	(282)	(224)	(207)	(31)
Shareholders’ equity	51,623)	51,657)	66,034)	57,358)	57,685)
Noncontrolling interest	126)	118)	207)	216)	208)
Total equity	51,749)	51,775)	66,241)	57,574)	57,893)
Total liabilities and equity	101,450)	103,461)	120,232)	120,480)	122,973)

Based on: 10-K (reporting date: 2019-12-28), 10-K (reporting date: 2018-12-29), 10-K (reporting date: 2017-12-30), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31).

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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.	Kraft Heinz Co. current liabilities decreased from 2017 to 2018 but then slightly increased from 2018 to 2019.
Non-current liabilities	Amount of obligation due after one year or beyond the normal operating cycle, if longer.	Kraft Heinz Co. non-current liabilities increased from 2017 to 2018 but then decreased significantly from 2018 to 2019.
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.	Kraft Heinz Co. total liabilities decreased from 2017 to 2018 and from 2018 to 2019.
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.	Kraft Heinz Co. shareholders’ equity decreased from 2017 to 2018 and from 2018 to 2019.

Kraft Heinz Co. (NASDAQ:KHC)

Balance Sheet: Liabilities and Stockholders’ Equity