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.

Kraft Heinz Co., consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)

US$ in millions

	Jun 27, 2020	Mar 28, 2020	Dec 28, 2019	Sep 28, 2019	Jun 29, 2019	Mar 30, 2019	Dec 29, 2018	Sep 29, 2018	Jun 30, 2018	Mar 31, 2018	Dec 30, 2017	Sep 30, 2017	Jul 1, 2017	Apr 1, 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
Commercial paper and other short-term debt	6)	6)	6)	15)	1)	2)	21)	973)	34)	1,001)	460)	455)	1,090)	909)	645)	653)	645)	—)	4)	—)	2)	1)
Current portion of long-term debt	757)	1,242)	1,022)	2,545)	1,298)	1,305)	377)	405)	2,754)	2,742)	2,743)	2,755)	19)	2,023)	2,046)	2,047)	2,106)	133)	79)	74)	10)	10)
Trade payables	3,880)	3,956)	4,003)	4,156)	4,153)	4,184)	4,153)	4,312)	4,326)	4,241)	4,449)	3,947)	3,888)	3,936)	3,996)	3,456)	2,960)	2,773)	2,844)	2,719)	1,509)	1,499)
Accrued marketing	938)	681)	647)	458)	508)	543)	722)	494)	474)	567)	680)	493)	494)	599)	749)	708)	867)	867)	856)	732)	255)	259)
Interest payable	378)	374)	384)	278)	384)	356)	408)	315)	404)	345)	419)	295)	406)	346)	415)	311)	393)	266)	401)	—)	—)	—)
Other current liabilities	2,083)	1,664)	1,804)	1,658)	1,446)	1,575)	1,767)	1,082)	1,099)	1,433)	1,381)	1,442)	1,459)	1,570)	1,650)	2,239)	2,622)	2,691)	2,748)	2,221)	877)	763)
Liabilities held for sale	8)	11)	9)	2)	7)	7)	55)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)
Current liabilities	8,050)	7,934)	7,875)	9,112)	7,797)	7,972)	7,503)	7,581)	9,091)	10,329)	10,132)	9,387)	7,356)	9,383)	9,501)	9,414)	9,593)	6,730)	6,932)	5,746)	2,653)	2,532)
Long-term debt, excluding current portion	28,097)	31,531)	28,216)	28,112)	29,832)	29,803)	30,770)	30,998)	31,380)	28,561)	28,333)	28,299)	29,979)	29,748)	29,713)	29,980)	30,002)	25,167)	25,151)	25,250)	13,626)	13,616)
Deferred income taxes	11,374)	11,839)	11,878)	12,010)	12,128)	12,161)	12,202)	14,215)	14,230)	14,085)	14,076)	20,898)	20,887)	20,910)	20,848)	20,706)	20,900)	21,659)	21,497)	19,684)	3,843)	4,039)
Accrued postemployment costs	250)	250)	273)	315)	308)	308)	306)	394)	394)	400)	427)	1,808)	1,975)	2,016)	2,038)	2,367)	2,341)	2,380)	2,405)	3,019)	191)	191)
Other non-current liabilities	1,370)	1,395)	1,459)	1,467)	1,459)	1,483)	902)	964)	929)	949)	1,017)	688)	673)	801)	806)	745)	801)	737)	752)	734)	448)	553)
Non-current liabilities	41,091)	45,015)	41,826)	41,904)	43,727)	43,755)	44,180)	46,571)	46,933)	43,995)	43,853)	51,693)	53,514)	53,475)	53,405)	53,798)	54,044)	49,943)	49,805)	48,687)	18,108)	18,399)
Total liabilities	49,141)	52,949)	49,701)	51,016)	51,524)	51,727)	51,683)	54,152)	56,024)	54,324)	53,985)	61,080)	60,870)	62,858)	62,906)	63,212)	63,637)	56,673)	56,737)	54,433)	20,761)	20,931)
Redeemable noncontrolling interest	(1)	—)	—)	2)	2)	2)	3)	6)	7)	8)	6)	—)	—)	—)	—)	—)	—)	21)	23)	22)	27)	21)
9.00% cumulative compounding preferred stock, Series A, $0.01 par value	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	8,320)	8,320)	8,320)	8,320)	8,320)
Common stock, $0.01 par value	12)	12)	12)	12)	12)	12)	12)	12)	12)	12)	12)	12)	12)	12)	12)	12)	12)	12)	12)	12)	4)	9)
Warrants	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	367)
Additional paid-in capital	55,990)	56,378)	56,828)	57,293)	57,769)	58,252)	58,723)	58,793)	58,766)	58,733)	58,711)	58,695)	58,674)	58,642)	58,593)	58,567)	58,525)	58,438)	58,375)	59,622)	7,454)	7,327)
Retained earnings (deficit)	(4,336)	(2,686)	(3,060)	(3,241)	(4,140)	(4,586)	(4,853)	8,576)	8,710)	8,718)	8,589)	1,360)	1,178)	750)	588)	374)	263)	193)	—)	(196)	—)	96)
Accumulated other comprehensive losses	(2,296)	(2,426)	(1,886)	(2,126)	(1,807)	(1,684)	(1,943)	(1,732)	(1,557)	(975)	(1,054)	(1,085)	(1,308)	(1,449)	(1,628)	(1,229)	(933)	(560)	(671)	(613)	(719)	(989)
Treasury stock, at cost	(330)	(269)	(271)	(265)	(291)	(291)	(282)	(264)	(254)	(240)	(224)	(223)	(223)	(223)	(207)	(82)	(41)	(40)	(31)	(14)	—)	—)
Shareholders’ equity	49,040)	51,009)	51,623)	51,673)	51,543)	51,703)	51,657)	65,385)	65,677)	66,248)	66,034)	58,759)	58,333)	57,732)	57,358)	57,642)	57,826)	58,043)	57,685)	58,811)	6,739)	6,810)
Noncontrolling interest	126)	115)	126)	131)	132)	130)	118)	187)	188)	207)	207)	212)	213)	212)	216)	226)	221)	216)	208)	206)	215)	211)
Total equity	49,166)	51,124)	51,749)	51,804)	51,675)	51,833)	51,775)	65,572)	65,865)	66,455)	66,241)	58,971)	58,546)	57,944)	57,574)	57,868)	58,047)	58,259)	57,893)	59,017)	6,954)	7,021)
Total liabilities and equity	98,306)	104,073)	101,450)	102,822)	103,201)	103,562)	103,461)	119,730)	121,896)	120,787)	120,232)	120,051)	119,416)	120,802)	120,480)	121,080)	121,684)	123,273)	122,973)	121,792)	36,062)	36,293)

Commercial paper and other short-term debt: The values fluctuate considerably, generally remaining low from 2015 through early 2016, then spiking sharply in mid-2016 and later periods. This indicates episodic increases in short-term borrowings, with notable peaks exceeding 1000 million US dollars around mid-2016 and early 2018, but showing a declining trend toward mid-2020.
Current portion of long-term debt: This liability shows significant volatility, with initially moderate values increasing steeply in mid to late 2016, peaking above 2700 million US dollars. Afterward, it decreases but remains relatively high, with a renewed increase towards late 2019 and early 2020, suggesting active debt restructuring or repayments within the short-term horizon.
Trade payables: Trade payables exhibit an overall upward trend from 2015 through 2017, peaking near 4450 million US dollars, followed by stabilization and slight decline by mid-2020. This reflects variations in supplier obligations consistent with operational activity fluctuations.
Accrued marketing: This account shows cyclical patterns with peaks typically at year-end quarters, peaking close to 900 million US dollars at the end of 2019 and mid-2020. The cyclical nature suggests seasonality associated with marketing expenditures.
Interest payable: Interest payable fluctuates moderately, generally between approximately 250 and 410 million US dollars, without a clear upward or downward trend. This indicates relatively stable interest obligations over the period.
Other current liabilities: The balance decreases steadily from a high of nearly 2750 million US dollars in late 2015 to about 1099 million in mid-2018, before rising again and showing volatility in subsequent years. The trend indicates shifting current obligations, potentially from operational or restructuring activities.
Liabilities held for sale: These liabilities appear minimally and sporadically from 2019 onward, with very low values under 60 million US dollars, suggesting occasional disposals or classifications of assets/liabilities as held for sale.
Current liabilities: Current liabilities experience substantial volatility, peaking around 10,132 million US dollars at the end of 2017 and showing multiple fluctuations thereafter. Declines post-2017 suggest efforts to reduce short-term obligations.
Long-term debt, excluding current portion: Non-current debt shows a major increase from approximately 13,600 million US dollars in early 2015 to over 30,000 million in 2016, maintaining high levels with minor fluctuations thereafter. This indicates significant long-term borrowing likely related to funding strategies or acquisitions.
Deferred income taxes: Deferred income tax liabilities peak dramatically in 2015 at nearly 21,000 million US dollars but decline steadily to about 11,400 million by mid-2020, indicating adjustments in tax-related liabilities possibly due to changes in tax laws or earnings patterns.
Accrued postemployment costs: This liability decreases markedly after 2015 from over 3000 million to levels below 300 million by 2020, demonstrating a reduction in accrued postemployment obligations, possibly due to funding, settlements, or plan modifications.
Other non-current liabilities: Amounts fluctuate modestly, generally ranging between 400 and 1500 million US dollars without a clear trend, reflecting relatively stable other obligations outside current liabilities.
Non-current liabilities: Non-current liabilities rise sharply from about 18,400 million US dollars in 2015 to nearly 54,000 million in 2016, then decline progressively to approximately 41,000 million by mid-2020. The initial increase corresponds with the surge in long-term debt, followed by deleveraging or reclassification over time.
Total liabilities: Total liabilities grow dramatically between 2015 and 2016, peaking around 63,600 million US dollars, then steadily decrease to near 49,000 million by mid-2020. This trend signifies considerable liability restructuring or repayments in recent years.
Redeemable noncontrolling interest: This item remains very low and sporadic, with some negative values toward 2020, indicating minimal impact on overall capital structure and potential adjustments in ownership interests.
9.00% cumulative compounding preferred stock, Series A: Values are stable at 8,320 million US dollars until early 2016 but thereafter no values are presented, implying possible redemption, reclassification, or extinguishment after that date.
Common stock: The common stock's par value remains steady at 12 million US dollars from 2015 onward, showing no equity capital changes at par value level.
Warrants: Reported only in early 2015 at 367 million US dollars and absent thereafter, suggesting either exercise, expiration, or removal from the balance sheet.
Additional paid-in capital: Exhibits a sharp rise in 2015 to nearly 59,600 million US dollars, then remains relatively stable with a gradual decreasing trend to about 56,000 million by mid-2020, indicating some equity capital adjustments or share transactions over time.
Retained earnings (deficit): Retained earnings show significant variation, starting modestly positive and swinging to very strong positive values near 8,700 million by late 2017, followed by a dramatic reversal to negative values by mid-2019 through 2020, indicating substantial net losses or dividend distributions during this latter period.
Accumulated other comprehensive losses: These losses fluctuate, generally increasing in magnitude to exceed -2,400 million US dollars by 2020, reflecting adverse impacts from items recorded in equity such as currency movements or pension adjustments.
Treasury stock, at cost: Treasury stock values increase steadily in absolute terms, reaching over -330 million US dollars by mid-2020, consistent with ongoing repurchases or holdings of treasury shares.
Shareholders’ equity: Equity surges from 2015 to late 2017, peaking above 66,000 million US dollars, then drops sharply to approximately 49,000 million by mid-2020. This decline coincides with the negative retained earnings trend and reductions in other capital accounts, reflecting negative comprehensive performance and returns to shareholders.
Noncontrolling interest: The noncontrolling interest remains relatively stable at low levels, decreasing somewhat toward mid-2020, indicating minor changes in minority ownership stakes.
Total equity: Total equity follows the pattern of shareholders’ equity, rising sharply through 2017 then declining from 2018 onwards to around 49,000 million by mid-2020, underscoring adverse equity adjustments and overall reduced net worth.
Total liabilities and equity: The combined total hovers near 120,000 million US dollars from 2015 through 2018, then declines to below 100,000 million by mid-2020, reflecting the overall decreases in liabilities and equity aggregated in recent years.

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Kraft Heinz Co. (NASDAQ:KHC)

Balance Sheet: Liabilities and Stockholders’ Equity Quarterly Data

Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data